NOT LISTED FOR SALE

1242 S Federal St Unit E Chicago, IL 60605

Dearborn Park Neighborhood

Estimated Value: $667,000 - $789,000

2 Beds
2 Baths
-- Sq Ft
$250/mo HOA Fee

Last Sold August 06, 2014

Last sale price $480,000

Est. 45% increase in value since last sale

Current estimated payment $4,998/month

19 Days on Market

Highlights

  • Attached Garage
  • Gas Log Fireplace
  • 2-minute walk to Mary Richardson Jones Park
  • Forced Air Heating and Cooling System

About This Home

As of August 2014

Located directly across the street from the South Loop School Park, this 2 BR, 2 Ba town home with family room and 1 car garage is in one of the best locations in the South Loop. This home has 2 fireplaces, HW floors , and spacious rooms. Enjoy the bright East-West exposure, and pleasant cross-breeze. Lounge outside either in fenced-in-yard, or your balcony off of kitchen. Walking distance to loop, lake & shopping

Last Agent to Sell the Property

Terri Buseman

RE/MAX Premier License #475117355 Listed on: 06/02/2014

RE/MAX  Premier

Last Buyer's Agent

Terri Buseman

RE/MAX Premier License #475117355 Listed on: 06/02/2014

RE/MAX  Premier

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $11,364

Lot Details

  • 1,263

HOA Fees

  • $250 per month

Parking

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

Home Design

  • Brick Exterior Construction

Interior Spaces

  • Gas Log Fireplace

Kitchen

  • Oven or Range
  • Dishwasher

Laundry

  • Dryer
  • Washer

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas

Community Details

  • Pets Allowed

Listing and Financial Details

  • Homeowner Tax Exemptions

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$11,364

Lot Details

0

HOA Fees

$250 per month

Parking

1

Listing Details

  • Property Type: Attached Single
  • Unit Floor Level: 1
  • Age: 16-20 Years
  • Full Bathrooms: 2
  • Number Interior Fireplaces: 2
  • Ownership: Fee Simple w/ HO Assn.
  • Total Full or Half Bathrooms: 2
  • Estimated Year Built: U
  • Tax Exemptions: Homeowner
  • Type Attached: Townhouse-TriLevel
  • Special Features: None
  • Property Sub Type: Townhouses
  • Stories: 3

Interior Features

  • Number Of Rooms: 6
  • Living Room: Dimensions: 14X10, On Level: 2nd Level, Flooring: Hardwood
  • Appliances: Oven/Range, Dishwasher, Refrigerator, Washer, Dryer
  • Fireplace Details: Gas Logs
  • Fireplace Location: Family Room, Living Room
  • Bedrooms All Levels: 2
  • Above Grade Bedrooms: 2
  • Dining Room: Dimensions: 13X12, On Level: 2nd Level, Flooring: Hardwood
  • Kitchen Type: Dimensions: 13X9, On Level: 2nd Level, Flooring: Ceramic Tile
  • Additional Rooms: No additional rooms
  • Master Bedroom: Dimensions: 14X11, On Level: 2nd Level, Flooring: Hardwood
  • Bedroom 2: Dimensions: 14X9, On Level: 2nd Level, Flooring: Hardwood
  • Dining Room Type: Combined w/ LivRm
  • Family Room: Dimensions: 14X16, On Level: Main Level, Flooring: Hardwood

Exterior Features

  • Exterior Building Type: Brick

Garage/Parking

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

Utilities

  • Air Conditioner: Central Air
  • Water: Public
  • Sewer: Sewer-Public
  • Heating Fuel: Gas, Forced Air

Condo/Co-op/Association

  • Max Pet Weight: 999
  • Pets Allowed: Yes
  • Fee Frequency: Monthly
  • Management: Manager Off-site
  • Pet Information: Cats OK, Dogs OK
  • Assessment Includes: Common Insurance, Exterior Maintenance, Lawn Care, Snow Removal
  • Assessment Association Fees: 250
  • Management Contact Name: Linda Ivery
  • Management Phone: 312-944-2611

Fee Information

  • Management Company: Legum & Norman

Schools

  • School District: 299
  • Elementary School: SOUTH LOOP ELEMENTARY SCHOOL
  • Junior High Dist: 299
  • High School #2: JONES COLLEGE PREP HIGH SCHOOL

Lot Info

  • Lot Dimensions: CONDO
  • Parcel Identification Number: 17212112530000

Multi Family

  • Total Number Unitsin Building: 118
  • Number Stories: 3

Tax Info

  • Taxes: 6756

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 31, 2014
Sold by
Corwin Nina S and Harrison William
Bought by
Corwin Nina S and Nina S Corwin Living Trust
Current Estimated Value
$697,703

Purchase Details

Listed on
Jun 2, 2014
Closed on
Aug 6, 2014
Sold by
Dakof Lawrence G and Dakof Irma
Bought by
Corwin Nina S and Harrison William
Seller's Agent
Terri Buseman
RE/MAX Premier
Buyer's Agent
Terri Buseman
RE/MAX Premier
List Price
$520,000
Sold Price
$480,000
Premium/Discount to List
-$40,000
-7.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.94%
Original Mortgage
$144,000
Outstanding Balance
$48,138
Interest Rate
3.25%
Mortgage Type
New Conventional
Estimated Equity
$612,770

Purchase Details

Closed on
Feb 21, 2004
Sold by
Dakof Lawrence G and Siuzdak Krystyna D
Bought by
Dakof Lawrence G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$222,000
Interest Rate
5.78%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 29, 1994
Sold by
American National Bk & Tr Co Of Chicago
Bought by
Dakof Lawrence G and Siuzdak Dakof Krystyna D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$166,700
Interest Rate
7.35%
Source: Public Records

Range of Values:

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Average Value
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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
Corwin Nina S -- Chicago Title Insurance Co
Corwin Nina S $480,000 Pntn Inc
Dakof Lawrence G -- --
Dakof Lawrence G $126,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Corwin Nina S $144,000
Previous Owner Dakof Lawrence G $190,000
Previous Owner Dakof Lawrence G $158,000
Previous Owner Dakof Lawrence G $222,000
Previous Owner Dakof Lawrence G $166,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/06/2014 08/06/14 Sold $480,000 -5.0% --
06/21/2014 06/21/14 Pending -- -- --
06/16/2014 06/16/14 Price Changed $505,000 -2.9% --
06/02/2014 06/02/14 For Sale $520,000 -- --
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 $11,364 $63,000 $21,785 $41,215
2023 $11,055 $57,000 $17,528 $39,472
2022 $11,055 $57,000 $17,528 $39,472
2021 $10,825 $57,000 $17,528 $39,472
2020 $9,438 $45,469 $14,398 $31,071
2019 $9,241 $49,423 $14,398 $35,025
2018 $9,084 $49,423 $14,398 $35,025
2017 $8,150 $41,235 $11,894 $29,341
2016 $7,759 $41,235 $11,894 $29,341
2015 $7,556 $41,235 $11,894 $29,341
2014 $6,972 $40,144 $10,642 $29,502
2013 $6,823 $40,144 $10,642 $29,502
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD08631231

Midwest Real Estate Data (MRED)

APN: 17-21-211-253-0000