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Chicago 60612 Near West Side
2705 W Washington Boulevard
$160,000
● Land - Off Market

2705 W Washington Boulevard

Chicago, IL 60612
bedrooms
Studio
bathrooms
0 Bath
$188,584
RealtyHop Estimate
10.93%
Since Mar 1, 2022
IL-Chicago
Primary Model

About This Property

Attention investors, builders, and developers. This double lot in the east Garfield park community is an excellent development opportunity. Quiet tree lined block with single family and multi unit properties ready for your ideas. Get into this appreciating area for the opportunity to have a great asset for many years to come.
Unit Size
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Days on Market
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Land Size
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Price per sqft
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Property Type
Land
Property Taxes
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HOA Dues
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Year Built
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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 years ago (MRED MLS #11225143)

Price History

Date / Event Date Event Price
Feb 22, 2022 Sold
Premium
Sold
Sep 21, 2021 Listed by @properties Christie's International Real Estate $170,000
Listed by @properties Christie's International Real Estate

Property Highlights

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 73
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Subdivision: TURNERS SUB
  • Land Acres: 0000000200
  • Standard Land Use Code: 8000
  • County Land Use Code: 1-00
  • Legal Description 1: V C (TURNERS) SUB OF LT4 IN SUB OF SH SE SEC 12-39-13

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 837400

Zoning

  • Zoning: RT-4

Geography

  • Assessors Map Reference: 011-103-03
  • District: 77
  • Parcel: 16-12-421-019-0000
  • Lot: 4
  • Meridian: SEC 12 TWN 39N RNG 13E
  • Municipality: WEST CHICAGO
  • Latitude: 41.8826
  • Longitude: -87.6944

    Address

  • Full Address: 2705 W Washington Blvd
  • Address - House Number: 2705
  • Street Direction: W
  • Address - Street Name: Washington
  • Address - Suffix Type: Blvd
  • State: IL
  • City Name: Chicago
  • Carrier Code: C024
  • 4-Digit Zip Code: 2031
  • Zip Code: 60612

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $3,155
  • Tax Rate Code Area: 77113

    Market Valuation

  • Market Total Value: $1,530
  • Market Land Value: $1,530

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $153
  • Assessed Land Value: $153

    Sales

  • Current Sale Contract Date: Jun 12, 2023
  • Current Sale Recording Date: Jul 25, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 6130
  • Previous Sale Recording Date: Feb 24, 2022
  • Previous Sale Contract Date: Feb 08, 2022
  • Previous Sale Amount: $160,000
  • Previous Sale Document Type: 69
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About West Side

Stats & Trends

Median Asking:

$475,000

Sale Price/ft²

$341

Below Asking

0.01%

Average Days on Market

46

Average Home Size

861 ft²

Average Home Age

72.8 years

Currently For Sale

360 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

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MRED

Listed by: Maurice Johnson, @properties Christie's International Real Estate
Last Updated: 3 years ago
Data Source: MRED, MLS# 11225143
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 2705 West Washington Boulevard built and last sold?
The property at 2705 West Washington Boulevard was built in and last sold on Jun 12, 2023 for $1,100,000.
How much is this home worth?
The estimated value of the home located at 2705 West Washington Boulevard is $0.
What are some comparable homes to 2705 West Washington Boulevard?
There are currently no comparable homes to 2705 West Washington Boulevard.
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