1071 S Park Terrace Unit 206 Chicago, IL 60605
Dearborn Park Neighborhood
4
Beds
2.5
Baths
1,682
Sq Ft
$704/mo
HOA Fee
Highlights
- Stainless Steel Appliances
- Resident Manager or Management On Site
- Entrance Foyer
- Skylights
- Laundry Room
- 2-minute walk to Dearborn Park
About This Home
As of January 2025Location location location! Rarely available 4 bedroom 2.5 bathroom townhome in Dearborn Park. This entire unit has just been completely updated and move-in ready. Re-finished floors, updated bathrooms, brand new carpeting on the second level. Fresh paint throughout. All new appliances, convenient second floor laundry. Truly nothing to do but move in. Do not miss this opportunity!
Last Agent to Sell the Property
@properties Christie's International Real Estate License #475183628 Listed on: 11/29/2024
Townhouse Details
Home Type
- Townhome
Est. Annual Taxes
- $9,364
Year Built
- Built in 1979
HOA Fees
- $704 Monthly HOA Fees
Home Design
- Brick Exterior Construction
Interior Spaces
- 1,682 Sq Ft Home
- 2-Story Property
- Skylights
- Entrance Foyer
- Family Room
- Combination Dining and Living Room
Kitchen
- Range
- Dishwasher
- Stainless Steel Appliances
Flooring
- Parquet
- Partially Carpeted
- Laminate
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Potential Bedrooms
Laundry
- Laundry Room
- Laundry on upper level
- Dryer
- Washer
Parking
- 1 Parking Space
- Uncovered Parking
- Visitor Parking
- Off-Street Parking
- Parking Included in Price
- Assigned Parking
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
- Lake Michigan Water
Listing and Financial Details
- Senior Tax Exemptions
- Homeowner Tax Exemptions
Community Details
Overview
- Association fees include water, parking, insurance, security, exterior maintenance, lawn care, scavenger, snow removal, internet
- 144 Units
- Property Manager Association, Phone Number (312) 706-2437
- Dearborn Park Subdivision
- Property managed by Sudler
Pet Policy
- Dogs and Cats Allowed
Security
- Resident Manager or Management On Site
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 29, 2024
Closed on
Jan 28, 2025
Sold by
2019 George And Therese Kloak Revocable and Kloak David
Bought by
Shu Xin and Peng Feng
Seller's Agent
Kaitlin Mullen
@properties Christie's International Real Estate
Buyer's Agent
Boya Lindquist
Compass
List Price
$575,000
Sold Price
$573,000
Premium/Discount to List
-$2,000
-0.35%
Views
32
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$5,395
Avg. Annual Appreciation
2.83%
Original Mortgage
$223,000
Outstanding Balance
$218,701
Interest Rate
5.88%
Mortgage Type
New Conventional
Estimated Equity
$363,005
Purchase Details
Closed on
Feb 28, 2020
Sold by
Kloak Therese M and Kloak George
Bought by
2019 George And Therese Kloak Revocable Livin
Purchase Details
Closed on
Oct 1, 1998
Sold by
Chidel Robert and Chidel Nancy F
Bought by
Kloak George E and Kloak Therese M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
6.88%
Purchase Details
Closed on
Mar 18, 1997
Sold by
English Patrick J and English Kathleen J
Bought by
Chidel Robert and Chidel Nancy
Purchase Details
Closed on
May 13, 1996
Sold by
English Patrick J and English Kathleen J
Bought by
Chidel Robert and Chidel Nancy F
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$169,600
Interest Rate
7.97%
Mortgage Type
Balloon
Similar Homes in Chicago, IL
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $573,000 | Citywide Title | |
| Warranty Deed | -- | None Listed On Document | |
| Warranty Deed | $245,000 | -- | |
| Warranty Deed | -- | -- | |
| Warranty Deed | $212,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $223,000 | New Conventional | |
| Previous Owner | $70,500 | New Conventional | |
| Previous Owner | $154,500 | Credit Line Revolving | |
| Previous Owner | $183,000 | Credit Line Revolving | |
| Previous Owner | $131,000 | Unknown | |
| Previous Owner | $140,000 | No Value Available | |
| Previous Owner | $169,600 | Balloon |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/29/2025 01/29/25 | Sold | $573,000 | -0.3% | $341 / Sq Ft |
| 12/10/2024 12/10/24 | Pending | -- | -- | -- |
| 11/29/2024 11/29/24 | For Sale | $575,000 | -- | $342 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
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 | $9,364 | $58,022 | $44,456 | $13,566 |
| 2023 | $9,089 | $50,350 | $26,500 | $23,850 |
| 2022 | $9,089 | $50,350 | $26,500 | $23,850 |
| 2021 | $8,919 | $50,348 | $26,499 | $23,849 |
| 2020 | $7,679 | $40,055 | $29,381 | $10,674 |
| 2019 | $7,522 | $43,612 | $29,381 | $14,231 |
| 2018 | $7,393 | $43,612 | $29,381 | $14,231 |
| 2017 | $7,114 | $39,121 | $24,271 | $14,850 |
| 2016 | $7,835 | $39,121 | $24,271 | $14,850 |
| 2015 | $6,345 | $39,121 | $24,271 | $14,850 |
| 2014 | $5,543 | $34,278 | $21,716 | $12,562 |
| 2013 | $6,234 | $34,278 | $21,716 | $12,562 |
Source: Public Records
Agents Affiliated with this Home
-
Seller's Agent in 2025
Kaitlin Mullen
@ Properties
(708) 979-9548
1 in this area
28 Total Sales
-
Buyer's Agent in 2025
Boya Lindquist
Compass
(917) 929-1618
1 in this area
24 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 12216524
APN: 17-16-423-002-1025
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