NOT LISTED FOR SALE

1228 W Melrose St Unit 2 Chicago, IL 60657

Lakeview Neighborhood

Estimated Value: $583,000 - $700,395

2 Beds
2 Baths
1,275 Sq Ft
$100/mo HOA Fee

Last Sold April 12, 2023

Last sale price $625,000 $490 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $4,389/month

Highlights

  • Heated Floors
  • Deck
  • Wine Refrigerator
  • Augustus H. Burley Elementary School Rated A-
  • Steam Shower
  • 2-minute walk to Margaret Donahue Park

About This Home

As of April 2023

Impressive and rarely available all brick, 2018 built 2 bedroom / 2 bathroom home in the Southport Corridor! The spacious floor plan features hardwood flooring and high ceiling heights throughout, living room with floor to ceiling windows, fireplace with custom built-ins, wet bar with wine fridge, a large front deck with composite decking and kitchen with quartz countertops, custom cabinets, tiled backsplash and Thermador appliances. The primary suite includes an extensive walk-in closet and spa-like bathroom with heated flooring, double vanity and steam shower, an additional bedroom and bathroom with built-in storage plus in-unit laundry. Garage parking and additional storage room included. Walk to Whole Foods, Fox Trot, Starbucks, Margaret Donahue Park, restaurants, shopping, transportation and everything the Southport Corridor and Lakeview has to offer!

Last Agent to Sell the Property

Jeffrey Lowe

Compass License #475154506 Listed on: 02/01/2023

Compass

Last Buyer's Agent

Elizabeth Licata

Compass License #475157854

Compass

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $8,580

Year Built

  • Built in 2018

Lot Details

  • 3,136

HOA Fees

  • $100 Monthly HOA Fees

Parking

  • 1 Car Detached Garage
  • Garage Door Opener
  • Parking Included in Price

Interior Spaces

  • 1,275 Sq Ft Home
  • 1-Story Property
  • Wet Bar
  • Built-In Features
  • Fireplace With Gas Starter
  • Living Room with Fireplace
  • Combination Dining and Living Room
  • Storage

Kitchen

  • Microwave
  • Dishwasher
  • Wine Refrigerator
  • Stainless Steel Appliances
  • Disposal

Flooring

  • Wood
  • Heated Floors

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms
  • Dual Sinks
  • Steam Shower

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Home Security

Outdoor Features

  • Deck

Schools

  • Burley Elementary School
  • Lake View High School

Utilities

  • Forced Air Heating and Cooling System
  • Humidifier
  • Heating System Uses Natural Gas
  • 200+ Amp Service
  • Lake Michigan Water

Listing and Financial Details

  • Homeowner Tax Exemptions

Community Details

Overview

  • Association fees include water, insurance, exterior maintenance, lawn care, scavenger
  • 3 Units
  • Low-Rise Condominium

Amenities

  • Community Storage Space

Pet Policy

  • Dogs and Cats Allowed

Security

  • Storm Screens
  • Carbon Monoxide Detectors

Property Details

Home Type

Condominium

Est. Annual Taxes

$8,580

Year Built

Built in 2018

Lot Details

0

HOA Fees

$100 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: Condo,Low Rise (1-3 Stories)
  • Ownership: Condo
  • New Construction: No
  • Property Sub-Type: Condo,Low Rise (1-3 Stories)
  • Year Built: 2018
  • Age: 1-5 Years
  • Built Before 1978 (Y/N): No
  • Disability Access and/or Equipped: No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Unit Floor Level: 2
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Appliances: Microwave, Dishwasher, Washer, Dryer, Disposal, Stainless Steel Appliance(s), Wine Refrigerator
  • Basement: None
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplace Features: Gas Starter
  • Fireplaces: 1
  • Interior Amenities: Bar-Wet, Hardwood Floors, Heated Floors, Laundry Hook-Up in Unit, Storage, Built-in Features, Walk-In Closet(s)
  • LivingArea: 1275
  • Other Equipment: Humidifier, CO Detectors
  • Room Type: Deck, Walk In Closet
  • Stories Total: 1
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: None
  • Bathroom Amenities: Steam Shower,Double Sink
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Combined w/ LivRm
  • Total Sq Ft: 0
  • Fireplace Location: Living Room
  • Total Sq Ft: 0
  • ResoLivingAreaSource: Builder

Exterior Features

  • ExteriorFeatures: Deck, Storms/Screens
  • List Price: 625000
  • Roof: Other
  • Waterfront: No
  • Exterior Building Type: Brick,Limestone

Garage/Parking

  • Garage Spaces: 1
  • ParkingTotal: 1
  • Garage Details: Garage Door Opener(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Electric: 200+ Amp Service
  • 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: 100
  • Association Amenities: Storage
  • Association Fee Frequency: Monthly
  • Management: Self-Management
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: N/A
  • Management Contact Name: N/A
  • Management Phone: 000-000-0000
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Water, Insurance, Exterior Maintenance, Lawn Care, Scavenger

Schools

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

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: COMMON
  • 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: 8580
  • Tax Year: 2021
  • Tax Exemptions: Homeowner

Multi Family

  • Units in Building: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 1, 2023
Closed on
Apr 12, 2023
Sold by
Shojaat Mike M and Shojaat Carolyn L
Bought by
Wright Norman
Seller's Agent
Jeffrey Lowe
Compass
Buyer's Agent
Elizabeth Licata
Compass
List Price
$625,000
Sold Price
$625,000
Views
8
Current Estimated Value
$654,349

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$29,349
Avg. Annual Appreciation
1.92%
Original Mortgage
$218,750
Outstanding Balance
$212,929
Interest Rate
6.63%
Mortgage Type
New Conventional
Estimated Equity
$441,420
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Wright Norman $625,000 None Listed On Document
Wright Norman $625,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wright Norman $218,750
Closed Wright Norman $218,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/12/2023 04/12/23 Sold $625,000 0.0% $490 / Sq Ft
02/02/2023 02/02/23 Pending -- -- --
02/01/2023 02/01/23 For Sale $625,000 +11.0% $490 / Sq Ft
11/15/2018 11/15/18 Sold $563,000 -2.1% $184 / Sq Ft
10/20/2018 10/20/18 Pending -- -- --
10/15/2018 10/15/18 Price Changed $575,000 -4.0% $188 / Sq Ft
09/13/2018 09/13/18 For Sale $599,000 -- $195 / 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 $9,006 $49,103 $13,162 $35,941
2023 $8,758 $46,000 $10,614 $35,386
2022 $8,758 $46,000 $10,614 $35,386
2021 $8,580 $45,999 $10,614 $35,385
2020 $9,645 $46,396 $4,528 $41,868
2019 $10,624 $56,306 $4,528 $51,778
Source: Public Records

Agents Affiliated with this Home

  • Jeffrey Lowe

    Seller's Agent in 2023

    Jeffrey Lowe

    Compass

    (312) 883-3030

    95 in this area

    1,093 Total Sales

    Jeffrey Lowe
    Section Image
  • Elizabeth Licata

    Buyer's Agent in 2023

    Elizabeth Licata

    Compass

    (773) 466-7150

    3 in this area

    98 Total Sales

    Elizabeth Licata
    Section Image
  • James Sheehan

    Seller's Agent in 2018

    James Sheehan

    Sheehan Real Estate

    (773) 368-1977

    7 in this area

    120 Total Sales

    James Sheehan
    Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11711193

Midwest Real Estate Data (MRED)

APN: 14-20-327-052-1002

Illinois Cook County Chicago 60657 Lakeview

1228 W Melrose St Unit 2, Chicago, IL

This home is located at 1228 W Melrose St Unit 2, Chicago, IL 60657 since 01 February 2023 and is currently estimated at $654,349, approximately $513 per square foot. This property was built in 2018. 1228 W Melrose St Unit 2 is a home located in Cook County with nearby schools including Augustus H. Burley Elementary School, Lake View High School, and Saint Luke Academy.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Midwest Real Estate Data (MRED) Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.

The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked.
Notices must be sent in writing by email to DMCAnotice@MLSGrid.com.
The DMCA requires that your notice of alleged copyright infringement include the following information:
(1) description of the copyrighted work that is the subject of claimed infringement;
(2) description of the alleged infringing content and information sufficient to permit us to locate the content;
(3) contact information for you, including your address, telephone number and email address;
(4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law;
(5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and
(6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.

Nearby Homes