Maywood, Bellwood Losing Millions of Dollars in Unpaid Property Taxes | Vacant Lots for Sale

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Sunday, February 5, 2017 || By Michael Romain || @maywoodnews || Updated: 9:01 a.m.

This Sunday, the Chicago Sun-Times published a partial list of the more than 66,000 properties in Cook County with unpaid property taxes.

According to a Feb. 3 article published on the Sun-Times’ website, the listing is released in “preparation for an April auction that allows investors to buy unpaid property taxes from delinquent property owners countywide.”

More property listings are supposed to be published on Feb. 8 and Feb. 9, the article notes. The tax sale, which is facilitated by Cook County Treasurer Maria Pappas, “will auction almost $212 million worth of taxes that went unpaid in tax year 2015 by owners of residential and commercial properties as well as vacant lots, according to an official with the treasurer’s office.”

Included among the 66,109 properties (which comprise a total of $212 million in unpaid taxes) are 1,457 properties in Proviso Township (for a township total of $8.62 million in unpaid taxes).

Nearly 26 percent (374) of Proviso Township’s delinquent properties are located in Maywood, which has a total of $1.7 million in unpaid property taxes represented in the Sun-Times listing. Bellwood contains roughly 15 percent (216) of those delinquent properties, for a total of $1.53 million in unpaid property taxes.

sun-times-propert-taxes-for-sale-map

Graphic: Chicago Sun-Times

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Chart: Village Free Press

The following are the commercial/industrial properties in Bellwood, Broadview, Maywood and Melrose Park with the highest tax delinquencies on the Sun-Times’ delinquent property tax list (all are for tax year 2015):

  • 110 S. 25th Ave., Bellwood | Golden Lake Real Estate | $223,448.23
  • 1812 Roosevelt Rd., Broadview | HB Owens Investments | $37,546.44
  • 1000 St. Charles Rd., Maywood | Tri-Star Surplus | $49,592.37
  • 110 N. 25th Ave., Melrose Park | Golden Lake Real Estate | $443,092.89

110-s-25th-ave-bellwood1812-roosevelt

1000-st-charles-road-maywood110-n-25th-ave-melrose-park

Top to bottom: The most tax delinquent commercial/industrial properties in Bellwood, Broadview, Maywood and Melrose Park. Photos are from the Cook County Property Tax Portal

In addition to that tax sale (properties in Proviso Township will go on sale on April 4), two more sales are scheduled to happen in July and December, the Sun-Times notes.

“Two other similar sales are set to start later this year: the 2017 “tax scavenger” sale in July, and the sale of property taxes that went unpaid in 2016, which is set for December, said Madre Belmer, a tax examiner in the Cook County Clerk’s office. ‘There are three tax sales this year, and that’s unprecedented,’ he said.”

Anyone seeking to purchase delinquent taxes is required to register for the auction “between Feb. 10 and March 24 at CookTaxSale.com or by contacting the treasurer’s office at (877) 361-7325. The sale will begin April 3. Buyers can purchase a real-time list of the taxes for sale for $250.”

To read the full Sun-Times article, click here.

Cook County Land Bank Selling Vacant Lots

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A screenshot of the Cook County Land Bank’s interactive property viewer showing the many tax-delinquent vacant lots the bank is selling in Maywood. 

In an attempt to put some of Cook County’s tax-delinquent vacant lots to use, the Cook County Land Bank is selling more than 4,400 of those lots. The prices range between $3,000 and $5,000.

According to a recent Chicago Tribune article, “Many of the lots have sat vacant for a decade or more, and are among 8,000 tax-delinquent properties the land bank aims to sell to local developers, not-for-profits, block clubs and community organizations to help revive neighborhoods hit by the foreclosure crisis and the decline of manufacturing.”

At least 14 of those parcels are in Bellwood, more than 50 are located in Maywood and a couple are in Melrose Park. For info on those particular lots, visit the land bank’s interactive map identifying those parcels.

To apply for any of these parcels, visit the land bank’s website here. To read the entire Tribune article, click here. VFP

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3 thoughts on “Maywood, Bellwood Losing Millions of Dollars in Unpaid Property Taxes | Vacant Lots for Sale”

  1. Here’s just one problem with the Cook County Land Bank’s attempt to sell property through its program; how many of those lots are buildable? Take for example 604 S. 21st Avenue, Maywood; it has significantly less than the allowable square footage on which to build a house. The Land Bank has a price tag of $5,000 for that lot. The only people that could buy and use it are the owners of the house next-door to the lot. Are they expected to buy the lot for $5,000? Good luck with that.
    The Village did have a program for substandard lots to be sold to the next door neighbor for $300, and the Village would help the buyer “consolidate” their and the lot they bought Village sold them for one tax bill a year. What happened to that program?
    What good is the Cook County Land Bank to Maywood? Or Bellwood for that matter?

  2. The program of what you speak is the A.N.L.A.P. program (Adjacent Neighbors Land Acquisition Program) is still in effect as far as I know. It allows for a neighbor to purchase the property next door to them at a reduced price. I do agree that the Land Bank could be more helpful in addressing our vacant property status. The illustration you use is a non-starter. ($5,000 for non-build-able lot next to 604 S 21st) Perhaps we should have the Cook County Land Bank to come and give an update on their progress in town.

  3. I just have this quick question. If Maywood and Bellwood are losing millions of dollars of unpaid property taxes, where is the TIF (Tax Increment Finances) that was suppose to jump start the economic growth and rebuild these vacant lots? Whenever I drive in the village of Maywood, I see a lot of vacant lots and it is due to years of disinvestment. The taxpayers dollars should go to rebuilding these vacant lots.

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