Taxes
- Assessed Value: $85,000
- Assessed Year: 2025
- Assessed County: Cook
- APN: 14-29-111-023-0000
- Assessed Land Value: 42498
- Market Land Value: 424980
- Tax Amount: 16394
- Tax Year: 2023
- Market Value: 850000
- Market Year: 2025
1242 W Nelson St; Chicago, IL Property Details
On Market for 85 days
1242 W Nelson St Chicago, IL 60657
$2,600,000 Listing Price
5 Beds
2 Baths
2,356 SqFt
Property Type
Duplex 2 UnitsProperty Details
Summary
- Purchase Method: Financed
- Owners / Type: 1 / Corporate
- Owner Status: Corporate
- Year Built: 1888
- Purchase Price: $700,000
- Open Loans / Balance: 1 / $550,303
- Est. Equity / %: $703,697 / 56.12%
- APN: 14-29-111-023-0000
- Situs County: Cook
- Length Of Ownership: 1 year, 3 months
Rooms
- Bedrooms: 5
- Bathrooms: 2
- Full Bathrooms: 2
- Total Rooms: 11
Structure
- Building Style: Frame
- Stories: 2
- Exterior Wall Type: Wood
- Building Condition: Average
- Building Quality: C
- Roof Cover Type: Other
Measurements
- Total: 2,356/SqFt
- Lot: 3,000/SqFt
- Gross: 2,356/SqFt
- Living: 2,356/SqFt
- Building: 2,356/SqFt
- Price Per Square Foot: $297.11
Legal Description
- Description: JOHN P (ALTGELDS) SUB OF BLKS1-4, NH BLK6, & THAT PT BLK7 LYING NELY OF CENTER LINE OF LINCOLN AVE, IN SUB BY EXECUTORS OF W
Building Insights
Land Information
- Property Type: Duplex 2 Units
- Within Flood Zone: True
- Flood Zone: X / Low/Medium Risk
- School District: Chicago Public School District 299
- Lat / Lon: 41.937305 / -87.660576
- Subdivision: Altgelds Sub
- Property Class: Residential
- Zoning: RS-3
- County Use Code: 2-11
Amenities
- Plus Four: 4214
- Cooling: Yes
- Garage: Detached Garage
- Heating: Hot Water
- Parking: 2
Ownership Info
1242 W Nelson St has no associated ownership info
1242 W Nelson St has no associated ownership info.
Taxes
1242 W Nelson St has 10 associated Taxes items
1242 W Nelson St, Chicago, IL pays taxes in Cook County, IL. The most recent tax assessment records are from 2025 and show that the current assessed value of the property is $85,000. The APN we've located for 1242 W Nelson St is 14-29-111-023-0000.
Unlock the full reportTax History
1242 W Nelson St has 13 associated Tax History items
| Year | Assessed Value | Land Value | Improvement Value | Tax Amount | Change Rate | Assessed CR | Tax Rate |
|---|---|---|---|---|---|---|---|
| Year 2025 | Assessed Value $85,000 | Land Value $42,498 | Improvement Value $42,502 | Tax Amount | Change Rate | Assessed CR | Tax Rate |
| Year 2024 | Assessed Value $85,000 | Land Value $42,498 | Improvement Value $42,502 | Tax Amount | Change Rate | Assessed CR | Tax Rate |
| Year 2023 | Assessed Value | Land Value | Improvement Value | Tax Amount $16,394 | Change Rate +0.574209% | Assessed CR | Tax Rate |
| Year 2022 | Assessed Value $86,000 | Land Value $52,500 | Improvement Value $33,500 | Tax Amount $10,414.12 | Change Rate +0.05047% | Assessed CR | Tax Rate +0.121094% |
| Year 2021 | Assessed Value $86,000 | Land Value $52,500 | Improvement Value $33,500 | Tax Amount $9,913.77 | Change Rate -0.030965% | Assessed CR | Tax Rate +0.115276% |
| Year 2020 | Assessed Value $69,899 | Land Value $20,400 | Improvement Value $49,499 | Tax Amount $10,230.56 | Change Rate +0.003041% | Assessed CR | Tax Rate +0.146362% |
| Year 2019 | Assessed Value $77,666 | Land Value $20,400 | Improvement Value $57,266 | Tax Amount $10,199.54 | Change Rate +0.015325% | Assessed CR | Tax Rate +0.131326% |
| Year 2018 | Assessed Value $77,666 | Land Value $20,400 | Improvement Value $57,266 | Tax Amount $10,045.59 | Change Rate -0.164528% | Assessed CR | Tax Rate +0.129343% |
| Year 2017 | Assessed Value $59,230 | Land Value $18,000 | Improvement Value $41,230 | Tax Amount $12,023.85 | Change Rate +0.05816% | Assessed CR | Tax Rate +0.203003% |
| Year 2016 | Assessed Value $59,230 | Land Value $18,000 | Improvement Value $41,230 | Tax Amount $11,362.98 | Change Rate +0.095443% | Assessed CR | Tax Rate +0.191845% |
| Year 2015 | Assessed Value $59,230 | Land Value $18,000 | Improvement Value $41,230 | Tax Amount $10,372.95 | Change Rate +0.128564% | Assessed CR | Tax Rate +0.17513% |
| Year 2014 | Assessed Value $52,107 | Land Value $15,000 | Improvement Value $37,107 | Tax Amount $9,191.28 | Change Rate +0.021401% | Assessed CR | Tax Rate +0.176392% |
| Year 2013 | Assessed Value $52,107 | Land Value $15,000 | Improvement Value $37,107 | Tax Amount $8,998.7 | Change Rate | Assessed CR | Tax Rate +0.172697% |