Check Availability
$750,000
Land - For Sale

940 W 31st Street

Chicago, IL 60608
bedrooms
Studio
bathrooms
0 Bath
$750,000
RealtyHop Estimate
0.00%
Since Dec 1, 2023
IL-Chicago
Primary Model

About This Property

Welcome to an exceptional parcel of land in the heart of Bridgeport, one of Chicago's most dynamic and sought-after neighborhoods. This expansive 9,759 square feet of prime real estate, zoned B3-1 (with the real possibility of rezoning to B3-2 or B3-3), offers an unparalleled opportunity for visionary builders and land developers. Bridgeport is currently experiencing a surge in large-scale developments and investments, adding to the neighborhood's allure and value. Prominent infrastructure improvements, coupled with a growing business landscape, make this an opportune time for you to make your mark and be a part of the neighborhood's rapid growth.
Unit Size
-
Days on Market
161 days
Land Size
0.22 acres
Price per sqft
-
Property Type
Land
Property Taxes
$1,040
HOA Dues
-
Year Built
1933
Last updated: 6 months ago (MREDIL #11930351)

Price History

Date / Event Date Event Price
Nov 14, 2023 Listed by Compass Real Estate $750,000
Listed by Compass Real Estate
Mar 7, 2023 No longer available -
No longer available
Apr 15, 2021 Relisted $775,000
Relisted
Apr 11, 2021 No longer available -
No longer available
Mar 8, 2020 Relisted $775,000
Relisted
Show More

Property Highlights

Building Info

Overview

    General

  • Year Built: 1933
  • Effective Year Built: 1933
  • Building Count: 1
  • Bedroom Count: 0
  • Floor Count: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 7,765
  • Total Building Area: 1,200
  • Building Area: 1,200
  • Building Area Measurement: unknown

    Heating and Cooling

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

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: unknown
  • Subdivision: SEAVERNS SUB
  • Land Acres: 0.178
  • Legal Description 1: (SEAVERNS) SUB OF ELY PT LT5 IN BLK25 OF CANAL TRUSTE ES SUB OF BLKS IN SEC 29-39-14

Ownership

  • Current Owner : HUERTA AURELIO
  • Previous Owner : LAPIANA VINCENT
  • Previous Owner 2: LAPIANA LAWRENCE
  • Owner Before Previous Owner: CHICAGO TITLE LAND TRUST COMPANY

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 843200

Zoning

  • Zoning: B3-1,RS-3

Geography

  • Assessors Map Reference: Jan 01, 1970
  • District: 76
  • Parcel: 17-29-424-110-0000
  • Block: 25
  • Lot: 5
  • Meridian: SEC 29 TWN 39N RNG 14E
  • Municipality: SOUTH CHICAGO
  • Latitude: 41.8382
  • Longitude: -87.6504

    Address

  • Full Address: 940 W 31st St
  • Address - House Number: 940
  • Street Direction: W
  • Address - Street Name: 31st
  • Address - Suffix Type: St
  • State: IL
  • City Name: Chicago
  • Zip Code: 60608

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $12,485
  • Tax Rate Code Area: 76062

    Market Valuation

  • Market Total Value: $242,800
  • Market Land Value: $155,300
  • Market Improvement Value: $87,500

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $60,700
  • Assessed Land Value: $38,825
  • Assessed Improvements Value: $21,875

    Sales

  • Current Sale Contract Date: Mar 07, 2003
  • Current Sale Recording Date: Apr 10, 2003
  • Current Sale Transaction ID: 1074196356
  • Current Sale Price: $225,000
  • Current Sale Document Type: unknown
  • Current Sale Input Document Number: 0030480627
  • Previous Sale Recording Date: Aug 16, 2000
  • Previous Sale Contract Date: Aug 01, 2000
  • Previous Sale Amount: $100,000
  • Previous Sale Document Type: unknown

    Last Sale Mortgage

  • First Mortgage Lender: VINCENT LAPIANA
  • First Mortgage Transaction Date: Apr 10, 2003
  • First Mortgage Loan Amount: $175,000
  • First Mortgage Terms: 120
  • First Mortgage Loan Type: unknown
  • First Mortgage Loan Due Date: Mar 07, 2013

    Previous Mortgages

  • Previous Mortgage Lender: CARL MCLEAN
  • Previous Mortgage Transaction Date: Aug 16, 2000
  • Previous Mortgage Loan Amount: $100,000
  • Previous Mortgage Term: 36
  • Previous Mortgage Loan Type: unknown
  • Previous Mortgage Loan Due Date: Sep 01, 2003

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Commercial
Loft
-
-
$820,000 Jun 10, 2023
-
$855/mo
House
4 Beds
3.5 Baths
3,000 ft²
$258/ft²
$775,000 Sep 25, 2023
-
$1,146/mo
Multifamily
8 Beds
-
-
$789,000 Aug 8, 2023
-
$853/mo
Multifamily
8 Beds
-
-
$689,000 Sep 24, 2023
-
$488/mo
House
4 Beds
3.5 Baths
2,494 ft²
$261/ft²
$649,900 Nov 2, 2023
-
$782/mo
House
3 Beds
4.5 Baths
3,720 ft²
$235/ft²
$874,900 Oct 19, 2023
-
$1,194/mo

About Southwest Side


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Frequently Asked Questions

When was property at 940 West 31st Street built and last sold?
The property at 940 West 31st Street was built in 1933 and last sold on Mar 7, 2003 for $225,000.
How much is this home worth?
The estimated value of the home located at 940 West 31st Street is $757,500.
What are some comparable homes to 940 West 31st Street?
Homes that are comparable to 940 West 31st Street include a commercial property at 2817 South Union Avenue, a multifamily property at 3159 South Lowe Avenue, a house property at 2535 South Mary Street.

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