NOT LISTED FOR SALE

1040 W Polk St Unit 3B Chicago, IL 60607

Little Italy Neighborhood

Estimated Value: $625,000 - $697,000

3 Beds
2.5 Baths
2,152 Sq Ft
$190/mo HOA Fee

Last Sold April 28, 2023

Last sale price $640,000 $297 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $4,512/month

2 Days on Market

Highlights

  • Lock-and-Leave Community
  • Wood Flooring
  • Wine Refrigerator
  • Deck
  • Whirlpool Bathtub
  • 3-minute walk to Sheridan Park

About This Home

As of April 2023

Multiple offers received - any others will be considered as backups. This 3bed/2.5bath duplex-up with a private roof deck and front porch lives like a single family in the heart of Little Italy! On a quiet tree-lined street this unit has a large open kitchen with stainless steel appliances, granite countertops, tile backsplash, center island with exhaust hood includes a pantry with a wine cooler. Formal dining room, hardwood floors and crown molding throughout, and large living room with a fireplace and opens to the front balcony. Spacious primary bedroom accommodates a king sized bed and has a walk-in closet with high-end closet organization and ensuite bath with dual vanity, jacuzzi, and glass enclosed shower. Laundry room on the bedroom level for the ultimate convenience. Enjoy views of Chicago skyline on the large private roof deck with room for a separate dining area and additional patio furniture. 1 exterior parking space included. This home is near UIC, Rush Medical Campus, CTA Blue Line, neighborhood parks & restaurants and the West Loop. No split block. No special assessments - building hallways will be repainted.

Last Agent to Sell the Property

Lauren Mitrick Wood

Compass License #475141655 Listed on: 03/16/2023

Compass

Co-Listed By

Stevie Penisten

Berkshire Hathaway HomeServices Chicago License #475167049

Last Buyer's Agent

Peter Drossos

Peter Drossos Real Estate License #471010251

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $9,829

Year Built

  • Built in 2014

Lot Details

  • 4,530

HOA Fees

  • $190 Monthly HOA Fees

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 2,152 Sq Ft Home
  • 4-Story Property
  • Ceiling Fan
  • Gas Log Fireplace
  • Living Room with Fireplace
  • Combination Kitchen and Dining Room
  • Wood Flooring
  • Home Security System

Kitchen

  • Range with Range Hood
  • Microwave
  • Dishwasher
  • Wine Refrigerator
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms
  • Walk-In Closet
  • Whirlpool Bathtub
  • Separate Shower

Laundry

  • Laundry on upper level
  • Dryer
  • Washer

Parking

  • 1 Parking Space
  • Uncovered Parking
  • Parking Included in Price

Outdoor Features

  • Balcony
  • Deck

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Listing and Financial Details

  • Homeowner Tax Exemptions

Community Details

Overview

  • Association fees include water, parking, insurance, exterior maintenance, scavenger
  • 6 Units
  • Self Managed Association
  • Property managed by Self-Managed
  • Lock-and-Leave Community

Amenities

  • Sundeck

Recreation

  • Park
  • Bike Trail

Pet Policy

  • Dogs and Cats Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$9,829

Year Built

Built in 2014

Lot Details

0

HOA Fees

$190 per month

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: Condo
  • Ownership: Condo
  • New Construction: No
  • Property Sub-Type: Condo
  • Year Built: 2014
  • Age: 6-10 Years
  • Built Before 1978 (Y/N): No
  • Disability Access and/or Equipped: No
  • General Information: School Bus Service,Commuter Bus,Commuter Train,Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Unit Floor Level: 3
  • New Construction Y/N: No
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 4

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Disposal, Wine Refrigerator, Range Hood
  • Basement: None
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3
  • Total Bedrooms: 3
  • Fireplace Features: Gas Log, Gas Starter
  • Fireplaces: 1
  • Interior Amenities: Hardwood Floors, Second Floor Laundry, Laundry Hook-Up in Unit, Walk-In Closet(s)
  • LivingArea: 2152
  • Other Equipment: Security System, Ceiling Fan(s)
  • Room Type: Deck
  • Stories Total: 4
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: None
  • Bathroom Amenities: Whirlpool,Separate Shower,Soaking Tub
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Kitchen/Dining Combo
  • Fireplace Location: Living Room
  • Total Sq Ft: 0

Exterior Features

  • ExteriorFeatures: Balcony, Deck
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • ParkingTotal: 1
  • Number of Cars: 1
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Electric: Circuit Breakers
  • Heating: Natural Gas, Forced Air
  • Laundry Features: In Unit
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK
  • Association Fee: 190
  • Association Amenities: Bike Room/Bike Trails, Park, Sundeck, Security Door Lock(s)
  • Association Fee Frequency: Monthly
  • Management: Self-Management
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: Self-Managed
  • Management Contact Name: Self-Managed
  • Management Phone: 999-999-9999
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Water, Parking, Insurance, Exterior Maintenance, Scavenger

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: COMMON
  • Rural (Y/N): N
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Pets Allowed (Y/N): Yes
  • Is Parking Included in Price: Yes
  • Max Pet Weight: 999

Tax Info

  • Tax Annual Amount: 9829.49
  • Tax Year: 2021
  • Tax Exemptions: Homeowner

Multi Family

  • Units in Building: 6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 16, 2023
Closed on
Apr 25, 2023
Sold by
Cochran Brian and Cochran Kristen
Bought by
Japp Craig E and Japp Nicole
Seller's Agent
Lauren Mitrick Wood
Compass
Buyer's Agent
Peter Drossos
Peter Drossos Real Estate
List Price
$650,000
Sold Price
$640,000
Premium/Discount to List
-$10,000
-1.54%
Views
10
Current Estimated Value
$660,135

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$20,135
Avg. Annual Appreciation
1.25%
Original Mortgage
$512,000
Outstanding Balance
$496,136
Interest Rate
6%
Mortgage Type
New Conventional
Estimated Equity
$163,999

Purchase Details

Listed on
Feb 11, 2019
Closed on
Apr 23, 2019
Sold by
Rizzo Joseph P and Rizzo Sarah E
Bought by
Cochran Brian and Lednovich Kristen
Seller's Agent
Anne Laughlin
@properties Christie's International Real Estate
Buyer's Agent
Matthew McNaughton
Mc Naughton Realty, Inc.
List Price
$589,000
Sold Price
$589,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.09%
Original Mortgage
$484,351
Interest Rate
3.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
May 29, 2014
Closed on
Jul 24, 2014
Sold by
Fjhomestead Llc
Bought by
Rizzo Joseph P and Rizzo Sarah E
Seller's Agent
Julie Chen
Kale Realty
Buyer's Agent
Anne Laughlin
@properties Christie's International Real Estate
List Price
$530,000
Sold Price
$552,000
Premium/Discount to List
$22,000
4.15%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.38%
Original Mortgage
$397,500
Interest Rate
3.37%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Japp Craig E $640,000 None Listed On Document
Cochran Brian $589,000 Attorney
Rizzo Joseph P $552,000 Pntn Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Japp Craig E $512,000
Previous Owner Cochran Brian $484,351
Previous Owner Rizzo Joseph P $397,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/28/2023 04/28/23 Sold $640,000 -1.5% $297 / Sq Ft
03/19/2023 03/19/23 Pending -- -- --
03/16/2023 03/16/23 For Sale $650,000 0.0% $302 / Sq Ft
09/03/2022 09/03/22 Rented $3,000 0.0% --
08/17/2022 08/17/22 For Rent $3,000 0.0% --
04/23/2019 04/23/19 Sold $589,000 0.0% $274 / Sq Ft View Prior Sale
02/18/2019 02/18/19 Pending -- -- --
02/11/2019 02/11/19 For Sale $589,000 +6.7% $274 / Sq Ft
07/24/2014 07/24/14 Sold $552,000 +4.2% $257 / Sq Ft View Prior Sale
05/30/2014 05/30/14 Pending -- -- --
05/29/2014 05/29/14 For Sale $530,000 -- $246 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $10,318 $59,278 $4,994 $54,284
2023 $10,037 $52,053 $3,032 $49,021
2022 $10,037 $52,053 $3,032 $49,021
2021 $9,829 $52,051 $3,031 $49,020
2020 $10,015 $47,908 $3,031 $44,877
2019 $9,892 $52,499 $3,031 $49,468
2018 $9,723 $52,499 $3,031 $49,468
2017 $9,686 $48,217 $2,675 $45,542
2016 $9,657 $48,217 $2,675 $45,542
2015 $8,836 $48,217 $2,675 $45,542
Source: Public Records

Agents Affiliated with this Home

  • Lauren Mitrick Wood

    Seller's Agent in 2023

    Lauren Mitrick Wood

    Compass

    (312) 448-4069

    8 in this area

    643 Total Sales

    Lauren Mitrick Wood
    Section Image

  • S

    Seller Co-Listing Agent in 2023

    Stevie Penisten

    Berkshire Hathaway HomeServices Chicago

    Section Image
  • Peter Drossos

    Buyer's Agent in 2023

    Peter Drossos

    Peter Drossos Real Estate

    (773) 593-5626

    2 in this area

    186 Total Sales

    Peter Drossos
    Section Image

  • A

    Seller's Agent in 2019

    Anne Laughlin

    @ Properties

    Section Image

  • M

    Buyer's Agent in 2019

    Matthew McNaughton

    Mc Naughton Realty, Inc.

    (630) 624-8465

    5 Total Sales

    Matthew McNaughton
    Section Image

  • J

    Seller's Agent in 2014

    Julie Chen

    Kale Realty

    (312) 298-9896

    3 in this area

    9 Total Sales

    Julie Chen
    Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11732688

Midwest Real Estate Data (MRED)

APN: 17-17-412-048-1006

Illinois Cook County Chicago 60607 Little Italy

1040 W Polk St Unit 3B, Chicago, IL

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