1416 West Grand Avenue

Chicago, IL 60642

$525,000
Last Sold Price
5
Beds
2
Baths
1
1/2 Bath
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Amazing redevelopment opportunity on a full size 25 x 125 lot in West Town. Excellent location with great city views and just steps to the West Loop, Expressway, and Downtown. Current zoning is RS3 and any zoning change would need to happen after closing. There is precedent for a zoning change with a lot of recent development on the same block. Property is currently habitable which could provide immediate cash flow. As-Is Sale.Amazing redevelopment opportunity on a full size 25 x 125 lot in West Town. Excellent location with great city views and just steps to the West Loop, Expressway, and Downtown. Current zoning is RS3 and any zoning change would need to happen after closing. There is precedent for a zoning change with a lot of recent development on the same block. Property is currently habitable which could provide immediate cash flow. As-Is Sale.
  1. Listed by Marie McCall • @properties
  2. Listed by Lucas Blahnik • @properties

Sold By Compass

Property Details for 1416 West Grand Avenue

Area
CHI - West Town
Township
West Chicago
Ownership
Fee Simple
Num Of Garage Spaces
2.0
Num Of Cars
2.0
Heat/Fuel
Natural Gas

Location

Add your commute
LISTING UPDATED: 10/10/2021 02:04 PM

Property Details for 1416 West Grand Avenue

StatusClosed
MLS #10951752
Days on Market301
Taxes$444 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeTwo to Four Units / 2 Flat
Year Built1880
Lot Size0.07 AC / 3,125 SF
CountyCook County

Location

Add your commute

Building Information for 1416 West Grand Avenue

Stories-Residences3Year Built1880Building Size-Lot Size0.07 AC / 3,125 SF

Payment Calculator

$2,902 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,865

Property Taxes

$37

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1416 West Grand Avenue

General Information
School Information
  • Elementary School District: 299
  • High School District: 299
  • Middle Or Junior School District: 299
Addtl Parking Information
  • Garage On Site: true
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage
Property Information
Interior Features
  • Num Of Rooms: 13
  • Bedrooms (Below Grade): 0
  • Basement Type: Partial
  • Bedrooms Possible: 5
  • Basement Description: Partially Finished
  • # Full Baths in Building: 2
  • # Half Baths in Building: 1
  • Num of Baths: 2.1
Utilities / Equipment
  • Sewer: Sewer-Public
  • Water: Lake Michigan, Public
Property/Lot Information
  • New Construction YN: No
  • Rebuilt: No
  • Rehabilitated: No
  • Built Before 1978: Yes
  • Age: 100+ Years
  • Lot Size: Standard Chicago Lot
  • Lot Dimensions: 25 X 125
  • Total # Units in Building: 3.0
  • Waterfront: No
  • Exterior Building Type: Aluminum Siding
  • General Information: None
  • North Coordinate: 500
  • South Coordinate: 0
  • East Coordinate: 0
  • West Coordinate: 1416
  • 3 Br Un In Bldg: No
Property and Assessments
  • Public Document Count: 2
  • Document Date: 2020-12-26T15:15:59
  • Photos Count: 15
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
  • Virtual Tour Date: 12-17-2020
Multi Family
Income & Expenses
  • Gross Income: $.00
  • Net Operating Income: $.00
Unit 1
  • Unit Type Actual Rent: $.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
  • Floor # - Unit 1: 1
  • # Of Rooms - Unit 1: 5
  • # Half Baths-Unit 1: 0
  • # Full Baths-Unit 1: 1
  • Appliances/Features Unit 1: None
  • Sec Deposit $ - Unit 1: 0
  • Tenant Pays - Unit 1: None
Unit 2
  • Unit Type Actual Rent: $.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
  • Floor # - Unit 2: 2
  • # Of Rooms - Unit 2: 5
  • # Half Baths-Unit 2: 0
  • # Full Baths-Unit 2: 1
  • Appliances/Features Unit 2: None
  • Sec Deposit $ - Unit 2: 0
  • Tenant Pays - Unit 2: None
Unit 3
  • Unit Type Actual Rent: $.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 3
  • Floor # - Unit 3: L
  • # Of Rooms - Unit 3: 3
  • # Half Baths-Unit 3: 1
  • # Full Baths-Unit 3: 0
  • Appliances/Features Unit 3: None
  • Sec Deposit $ - Unit 3: 0
  • Tenant Pays - Unit 3: None

Property History for 1416 West Grand Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1416 West Grand Avenue

Taxable ValueLand$10,625Additions$56,107Total$66,732
Tax Record2018$437 ($36 / month)
Home Facts
Baths3.5Total Finished SqFt3,063 SqFtAbove Grade Finished SqFt3,063 SqFtStories2Lot Size3,125 SqFtStyleMulti-Family Res (5+ Units)Year Built1875CountyCOOKAPN17081230350000

Schools near 1416 West Grand Avenue

This home is within City Of Chicago School District 299.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - 9 to 12
Charter - 9 to 12
Rating
School
Distance
Otis Elementary School
PublicPK to 8

Wells Community Academy High School
Public9 to 12

Ogden Int High School
Public9 to 12

Golder College Prep
Charter9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of @properties

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Based on information submitted to the MLS GRID as of 10/10/2021 02:04 PM. 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.