NOT LISTED FOR SALE

1301 E Madison Park Unit 3 Chicago, IL 60615

Kenwood Neighborhood

Estimated Value: $531,000 - $916,000

4 Beds
3 Baths
3,000 Sq Ft
$825/mo HOA Fee

Last Sold June 15, 2021

Last sale price $685,000 $228 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $5,373/month

112 Days on Market

Highlights

  • Formal Dining Room
  • Entrance Foyer
  • Heating System Uses Steam
  • Kenwood Academy High School Rated A-
  • Central Air
  • 5-minute walk to Elm Park

About This Home

As of June 2021

This superbly-renovated, light-filled, family-sized, top-floor condo in private, exclusive Madison Park is absolutely in move-in condition. The expansive, gracious rooms, most with unobstructed park views, have high ceilings, beautiful vintage detailing, and oak floors. Four spacious bedrooms, three marble baths, a gourmet kitchen in stone, wood, and stainless steel, recessed lighting, many replacement windows, central A/C, in-unit W/D, extensive storage. Elevator building. Well-run association. Permit parking in Madison Park available for $400 / year.

Last Agent to Sell the Property

Robert Sullivan

Berkshire Hathaway HomeServices Chicago License #475133936 Listed on: 01/12/2021

Last Buyer's Agent

Joanne Bullen

Ultimate Realty Group LLC License #471019144

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $9,362

Year Built

  • Built in 1916

Lot Details

  • 9,583

HOA Fees

  • $825 Monthly HOA Fees

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 3,000 Sq Ft Home
  • 3-Story Property
  • Decorative Fireplace
  • Entrance Foyer
  • Living Room with Fireplace
  • Formal Dining Room

Kitchen

  • Range
  • Microwave
  • Freezer
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 1 Parking Space
  • Uncovered Parking
  • Zoned Parking Permit
  • Unassigned Parking

Utilities

  • Central Air
  • Heating System Uses Steam
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Listing and Financial Details

  • Homeowner Tax Exemptions

Community Details

Overview

  • Association fees include heat, water, gas, insurance, tv/cable
  • 6 Units
  • Bob Kurtz Association
  • Low-Rise Condominium
  • Property managed by Self-Managed

Pet Policy

  • Dogs and Cats Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$9,362

Year Built

Built in 1916

Lot Details

0

HOA Fees

$825 per month

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: 1916
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: Historical District
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Unit Floor Level: 3
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 3

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Freezer, Washer, Dryer, Disposal
  • Basement: None
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Total Bedrooms: 4
  • Fireplace Features: Decorative
  • Fireplaces: 1
  • LivingArea: 3000
  • Room Type: Foyer
  • Stories Total: 3
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: None
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Separate
  • Total Sq Ft: 0
  • Fireplace Location: Living Room
  • Total Sq Ft: 0

Exterior Features

  • List Price: 699000
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Parking Features: Unassigned, Zoned Permit
  • ParkingTotal: 1
  • Number of Cars: 1
  • Parking: Space/s
  • Parking On-Site: No
  • Parking Ownership: N/A

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Electric: Circuit Breakers
  • Heating: Natural Gas, Steam
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK
  • Association Fee: 825
  • Association Fee Frequency: Monthly
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: Self-Managed
  • Management Contact Name: Bob Kurtz
  • Management Phone: 999-999-9999

Fee Information

  • Association Fee Includes: Heat, Water, Gas, Insurance, TV/Cable

Schools

  • Middle/Junior School District: 299

Lot Info

  • Lot Dimensions: COMMON
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Pets Allowed (Y/N): Yes
  • Is Parking Included in Price: No
  • Max Pet Weight: 999

Tax Info

  • Tax Annual Amount: 9362.48
  • Tax Year: 2019
  • Tax Exemptions: Homeowner

Multi Family

  • Units in Building: 6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 12, 2021
Closed on
Jun 9, 2021
Sold by
Murphy David L and Murphy Sarah A
Bought by
Livescu Keren and Shakhnarovich Gregory
Seller's Agent
Robert Sullivan
Berkshire Hathaway HomeServices Chicago
Buyer's Agent
Joanne Bullen
Ultimate Realty Group LLC
List Price
$725,000
Sold Price
$685,000
Premium/Discount to List
-$40,000
-5.52%
Current Estimated Value
$711,554

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$26,554
Avg. Annual Appreciation
1.05%
Original Mortgage
$548,000
Interest Rate
2.99%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 24, 2012
Sold by
Samaha Adam and Samaha Abigail B
Bought by
Murphy David L and Murphy Sarah

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
3.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 12, 2004
Sold by
Wynn Peter
Bought by
Samaha Adam M and Samaha Abigail B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$511,200
Interest Rate
6.17%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 7, 2002
Sold by
Carmichael Odessa
Bought by
Wynn Peter M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$256,500
Interest Rate
6.87%
Mortgage Type
Purchase Money Mortgage
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
Livescu Keren $685,000 Chicago Title
Murphy David L $630,000 Chicago Title Insurance Co
Samaha Adam M $639,000 Chicago Title Insurance Comp
Wynn Peter M $285,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Livescu Keren $548,000
Previous Owner Murphy David L $486,000
Previous Owner Murphy David L $488,000
Previous Owner Murphy David L $417,000
Previous Owner Murphy David L $148,250
Previous Owner Samaha Adam M $511,200
Previous Owner Wynn Peter M $256,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/15/2021 06/15/21 Sold $685,000 -2.0% $228 / Sq Ft
05/03/2021 05/03/21 Pending -- -- --
04/05/2021 04/05/21 Price Changed $699,000 -3.6% $233 / Sq Ft
01/11/2021 01/11/21 For Sale $725,000 -- $242 / 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 $8,046 $68,500 $9,999 $58,501
2023 $7,816 $38,000 $8,064 $29,936
2022 $7,816 $38,000 $8,064 $29,936
2021 $6,972 $37,999 $8,064 $29,935
2020 $9,543 $45,940 $6,451 $39,489
2019 $9,362 $50,029 $6,451 $43,578
2018 $9,882 $50,029 $6,451 $43,578
2017 $10,644 $49,443 $5,322 $44,121
2016 $9,903 $49,443 $5,322 $44,121
2015 $9,060 $49,443 $5,322 $44,121
2014 $8,839 $47,640 $4,354 $43,286
2013 $8,664 $47,640 $4,354 $43,286
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10969157

Midwest Real Estate Data (MRED)

APN: 20-11-212-126-1006