NOT LISTED FOR SALE

1226 W Melrose St Unit 3 Chicago, IL 60657

Lakeview Neighborhood

Estimated Value: $609,000 - $690,000

2 Beds
2 Baths
-- Sq Ft
$198/mo HOA Fee

Last Sold October 03, 2019

Last sale price $465,000

Est. 42% increase in value since last sale

Current estimated payment $4,665/month

14 Days on Market

Highlights

  • Deck
  • Vaulted Ceiling
  • Whirlpool Bathtub
  • Augustus H. Burley Elementary School Rated A-
  • Wood Flooring
  • 2-minute walk to Margaret Donahue Park

About This Home

As of October 2019

Gorgeous top floor 2 bed 2 bath in Southport Corridor with garage parking. Living room has 12-foot high peaked ceiling, wall of south-facing windows and Juliet balcony overlooking 1-way tree-lined st, 4 skylights, gas log fireplace with white mantel, walnut stain hardwood floors thruout, & dining table space. Kitchen has fresh painted white cabinets, peninsula for barstools, granite counters, subway tile backsplash, and stainless steel appliances. Side by side W/D with storage/pantry space. Bright master suite has org walk-in closet & attached bath with double vanity, marble counter and tile, whirlpool tub, & separate glass door shower with bench. 2nd bedroom hdwd and organized closet & 2nd bath has marble tile and counter on wood vanity. Spacious back deck is great for relaxing and entertaining & side deck for grilling. Many recent upgrades throughout the home & building, and a short walk to public transit. Prime location close to restaurants, nightlife, & shops in Southport Corridor.

Last Agent to Sell the Property

Janelle Dennis

@properties Christie's International Real Estate License #475130075 Listed on: 08/14/2019

@properties Christie's International Real Estate

Last Buyer's Agent

Matthew Thomas

Baird & Warner License #475178603

Baird & Warner

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $10,347

Year Built

  • 2002

Lot Details

  • Southern Exposure
  • East or West Exposure

HOA Fees

  • $198 per month

Parking

  • Detached Garage
  • Garage Door Opener
  • Parking Included in Price
  • Garage Is Owned

Home Design

  • Brick Exterior Construction
  • Block Foundation
  • Asphalt Shingled Roof
  • Rubber Roof
  • Block Exterior
  • Limestone

Interior Spaces

  • Vaulted Ceiling
  • Skylights
  • Gas Log Fireplace
  • Entrance Foyer
  • Storage
  • Wood Flooring

Kitchen

  • Breakfast Bar
  • Walk-In Pantry
  • Oven or Range
  • Microwave
  • Freezer
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • Walk-In Closet
  • Primary Bathroom is a Full Bathroom
  • Dual Sinks
  • Whirlpool Bathtub
  • Separate Shower

Laundry

  • Dryer
  • Washer

Home Security

Utilities

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

Additional Features

  • North or South Exposure
  • Deck

Listing and Financial Details

  • Homeowner Tax Exemptions

Community Details

Pet Policy

  • Pets Allowed

Security

  • Storm Screens

Property Details

Home Type

Condominium

Est. Annual Taxes

$10,347

Year Built

2002

Lot Details

0

HOA Fees

$198 per month

Parking

1

Listing Details

  • Property Type: Attached Single
  • Unit Floor Level: 3
  • Age: 16-20 Years
  • Full Bathrooms: 2
  • Number Interior Fireplaces: 1
  • Ownership: Condo
  • Total Full or Half Bathrooms: 2
  • Estimated Year Built: 2002
  • Tax Exemptions: Homeowner
  • Type Attached: Condo, Penthouse
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 3
  • Year Built: 2002

Interior Features

  • Interior Property Features: Vaulted/Cathedral Ceilings, Skylight(s), Hardwood Floors, Laundry Hook-Up in Unit, Storage
  • Number Of Rooms: 5
  • Living Room: Dimensions: 20X18, On Level: Main Level, Flooring: Hardwood, Windows: Blinds
  • Appliances: Oven/Range, Microwave, Dishwasher, Refrigerator, Freezer, Washer, Dryer, Disposal
  • Equipment: Humidifier, TV-Cable, Security System, Intercom, CO Detectors
  • Fireplace Details: Gas Logs, Gas Starter
  • Fireplace Location: Living Room
  • Bedrooms All Levels: 2
  • Primary Bedroom Bath: Full
  • Bathroom Amenities: Whirlpool, Separate Shower, Double Sink
  • Above Grade Bedrooms: 2
  • Laundry: Dimensions: 5X3, On Level: 2nd Level, Flooring: Other
  • Dining Room: Dimensions: COMBO, On Level: Main Level, Flooring: Hardwood, Windows: Shades
  • Kitchen Type: Dimensions: 14X9, On Level: Main Level, Flooring: Hardwood, Windows: Blinds
  • Kitchen Type: Eating Area-Breakfast Bar, Pantry-Closet
  • Additional Rooms: Foyer, Walk In Closet, Deck
  • Master Bedroom: Dimensions: 13X13, On Level: Main Level, Flooring: Hardwood, Windows: Blinds
  • Additional Room 1 Name: Foyer, Dimensions: 13X6, On Level: Main Level, Flooring: Hardwood, Windows: Blinds
  • Additional Room 2 Name: Walk in Closet, Dimensions: 6X5, On Level: Main Level, Flooring: Hardwood
  • Bedroom 2: Dimensions: 11X9, On Level: Main Level, Flooring: Hardwood, Windows: Blinds
  • Additional Room 3 Name: Deck, Dimensions: 16X9, On Level: Main Level
  • Dining Room Type: Combined w/ LivRm

Exterior Features

  • Foundation: Block
  • Exterior Building Type: Brick, Block, Limestone
  • Roof Type: Asphalt/Glass (Shingles), Rubber
  • Exterior Property Features: Deck, Storms/Screens
  • Exposure: N (North), S (South), E (East), W (West)

Garage/Parking

  • Number of Cars: 1
  • Parking: Garage
  • Garage Type: Detached
  • Garage Details: Garage Door Opener(s)
  • Garage On Site: Yes
  • Number Garage Spaces: 1
  • Parking Included In Price: Yes
  • Garage Ownership: Owned

Utilities

  • Electricity: Circuit Breakers
  • Air Conditioner: Central Air
  • Water: Lake Michigan
  • Sewer: Septic-Mechanical, Sewer-Public
  • Heating Fuel: Gas, Forced Air

Condo/Co-op/Association

  • Max Pet Weight: 999
  • Pets Allowed: Yes
  • Fee Frequency: Monthly
  • Management: Self-Management
  • Pet Information: Cats OK, Dogs OK
  • Common Area Amenities: Bike Room/Bike Trails, Storage
  • Assessment Includes: Water, Common Insurance, Exterior Maintenance, Lawn Care, Scavenger
  • Assessment Association Fees: 198
  • Management Phone: 999-999-9999

Fee Information

  • Management Company: Self Managed

Schools

  • School District: 299
  • Elementary School: Burley Elementary School
  • Middle School: Burley Elementary School
  • High School: Lake View High School
  • Junior High Dist: 299

Lot Info

  • Lot Dimensions: COMMON
  • Parcel Identification Number: 14203270461003

Multi Family

  • Total Number Unitsin Building: 3
  • Number Stories: 3

Tax Info

  • Taxes: 7139.96

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 15, 2024
Sold by
Parr James E and Parr Jacquelyn
Bought by
James Parr Trust and Jacquelyn Parr Trust
Current Estimated Value
$661,613

Purchase Details

Listed on
Aug 14, 2019
Closed on
Sep 30, 2019
Sold by
Miller Matthew W and Miller Melissa
Bought by
Parr James E and Parr Jacquelyn
Seller's Agent
Janelle Dennis
@properties Christie's International Real Estate
Buyer's Agent
Matthew Thomas
Baird & Warner
List Price
$469,900
Sold Price
$465,000
Premium/Discount to List
-$4,900
-1.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.69%
Original Mortgage
$372,000
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 4, 2016
Sold by
Waxman Investments
Bought by
Miller Matthew

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$308,500
Interest Rate
3.54%

Purchase Details

Listed on
Feb 3, 2015
Closed on
Mar 13, 2015
Sold by
Dannin Alexander
Bought by
Miller Matthew W
Seller's Agent
Vicki Petritz
@properties Christie's International Real Estate
Buyer's Agent
Mathew Boemmel
Compass
List Price
$399,900
Sold Price
$396,000
Premium/Discount to List
-$3,900
-0.98%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.33%
Original Mortgage
$316,800
Interest Rate
3.75%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jul 6, 2007
Sold by
Wawok Jeffrey R and Wawok Nicole
Bought by
Dannin Alexander

Purchase Details

Closed on
Jun 10, 2002
Sold by
The 1226 West Melrose Corp
Bought by
Wawok Jeffrey R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
5%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

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Average Value
Not Available
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
James Parr Trust -- None Listed On Document
Parr James E $465,000 Fidelity National Title
Miller Matthew -- --
Miller Matthew W $396,000 Chicago Title Insurance Co
Dannin Alexander $469,000 Republic Title Co
Wawok Jeffrey R $405,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Parr James E $372,000
Previous Owner Miller Matthew $308,500
Previous Owner Miller Matthew --
Previous Owner Miller Matthew W $308,500
Previous Owner Miller Matthew W $316,800
Previous Owner Dannin Alexander $84,620
Previous Owner Wawok Jeffrey R $294,000
Previous Owner Wawok Jeffrey R $299,000
Previous Owner Wawok Jeffrey R $300,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/03/2019 10/03/19 Sold $465,000 -1.0% --
08/28/2019 08/28/19 Pending -- -- --
08/14/2019 08/14/19 For Sale $469,900 +18.7% --
03/25/2015 03/25/15 Sold $396,000 -1.0% --
02/23/2015 02/23/15 Pending -- -- --
02/03/2015 02/03/15 For Sale $399,900 -- --
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 $10,347 $57,381 $19,488 $37,893
2023 $10,065 $52,355 $15,716 $36,639
2022 $10,065 $52,355 $15,716 $36,639
2021 $9,858 $52,354 $15,716 $36,638
2020 $8,095 $36,336 $6,705 $29,631
2019 $7,263 $39,581 $6,705 $32,876
2018 $7,140 $39,581 $6,705 $32,876
2017 $6,946 $35,640 $5,867 $29,773
2016 $6,638 $35,640 $5,867 $29,773
2015 $6,050 $35,640 $5,867 $29,773
2014 $6,220 $36,090 $4,793 $31,297
2013 $6,086 $36,090 $4,793 $31,297
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10484892

Midwest Real Estate Data (MRED)

APN: 14-20-327-046-1003