See Home Value
$790,041*
Land - Off Market

530 E 40th Street

Chicago, IL 60653
bedrooms
Studio
bathrooms
0 Bath
$716,000 - $874,000
Reference Base Price*
-0.62%
Since Oct 1, 2023
National-US
Primary Model
Sold Sep 20, 2023
$650,000
Sold Jun 07, 2007
$650,000
$200,000 by Financial Services Corp
Mortgage Due May 15, 2008

About This Property

Land for sale in booming Bronzville, along Chicago's Lakefront.  Ownership will consider a development contingency from experienced developers. The property is situated in both an opportunity zoning and TIF district. This offering provides a unique opportunity to build on a prime site that is within walking distance to both the CTA train and the beach along with offering easy access to Lake Shore Drive and I(90).  Bronzeville is in the midst of a development boom including the $3.8 billion dollar Bronzeville Lakefront mixed-use development (former Michael Reese Hospital site). Flourishing demand for housing is driven by the proximity to transportation, the lakefront, and the Loop.
Unit Size
-
Days on Market
-
Land Size
0.47 acres
Price per sqft
-
Property Type
Land
Property Taxes
$591
HOA Dues
-
Year Built
-

Price History

Date / Event Date Event Price
Sep 20, 2023 No longer available -
No longer available
Sep 20, 2023 Sold $650,000
Sold
Jul 28, 2023 In contract -
In contract
Apr 5, 2023 Listed $795,000
Listed
Apr 2, 2023 No longer available -
No longer available
Show More

Property Highlights

Building Info

Overview

    General

  • Bedroom Count: 0
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 20,692
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Vacant
  • Subdivision: CLEAVERVILLE ADDITION E OF VINCENNES A
  • Land Acres: 0.475
  • Standard Land Use Code: Vacant land (general)

Ownership

  • Current Owner : BRONZEVILLE 777 LLC
  • Previous Owner : AMINE ABDUL
  • Previous Owner 2: ALMASSAD MALEK
  • Owner Before Previous Owner: PARKWAY BANK & TRUST CO
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 380100

Zoning

  • Zoning: RT-4

Geography

  • Assessors Map Reference: May 02, 2014
  • District: 70
  • Parcel: 20-03-207-021-0000
  • Block: 3,3
  • Lot: 16,17
  • Meridian: SEC 03 TWN 38N RNG 14E
  • Municipality: HYDE PARK
  • Latitude: 41.8216
  • Longitude: -87.6125

    Address

  • Full Address: 530 E 40th St
  • Address - House Number: 530
  • Street Direction: E
  • Address - Street Name: 40th
  • Address - Suffix Type: St
  • State: IL
  • City Name: Chicago
  • Zip Code: 60653

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $7,258
  • Tax Rate Code Area: 70113

    Market Valuation

  • Market Total Value: $351,760
  • Market Land Value: $351,760

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $35,176
  • Assessed Land Value: $35,176

    Sales

  • Current Sale Contract Date: Sep 05, 2023
  • Current Sale Recording Date: Sep 20, 2023
  • Current Sale Transaction ID: 11913428786
  • Current Sale Price: $650,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 13246
  • Previous Sale Recording Date: Jun 07, 2007
  • Previous Sale Contract Date: May 14, 2007
  • Previous Sale Amount: $650,000
  • Previous Sale Document Type: Deed

    Previous Mortgages

  • Previous Mortgage Lender: FINANCIAL SERVICES CORP
  • Previous Mortgage Transaction Date: Jun 07, 2007
  • Previous Mortgage Loan Amount: $200,000
  • Previous Mortgage Term: 12
  • Previous Mortgage Loan Type: Unknown (DEFAULT)
  • Previous Mortgage Loan Due Date: May 15, 2008



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
3 Beds
2 Baths
-
$650,000 Aug 21, 2020
$650,000 Dec 31, 2020
$455/mo
Multifamily
9 Beds
-
-
$789,000 Feb 21, 2023
-
$736/mo
House
3 Beds
3.5 Baths
3,500 ft²
$225/ft²
$787,000 Jul 10, 2023
-
-
House
5 Beds
4 Baths
-
$720,000 Jun 9, 2023
-
$555/mo

About South Side


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Frequently Asked Questions

When was property at 530 East 40th Street built and last sold?
The property at 530 East 40th Street was built in and last sold on Sep 5, 2023 for $650,000.
How much is this home worth?
The estimated value of the home located at 530 East 40th Street is $802,950.
What are some comparable homes to 530 East 40th Street?
Homes that are comparable to 530 East 40th Street include a multifamily property at 4236 South Champlain Avenue, a house property at 4535 South Evans Avenue, 4332 South St Lawrence Avenue.

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