Block Y 1301 W Madison St Unit 520 Chicago, IL 60607
West Loop Neighborhood
3
Beds
2.5
Baths
2,136
Sq Ft
1.85
Acres
Highlights
- Spa
- Lock-and-Leave Community
- Wood Flooring
- Skinner Elementary School Rated A-
- Deck
- 3-minute walk to Skinner Park
About This Home
As of November 2024With exceptional ceiling height, oversized windows, and breathtaking skyline views, this three bedroom, loft-style penthouse is an urbanite's dream. The main level boasts the huge great room offering seating surrounding the fireplace and leading directly out to the 20x24' private deck with city views. The kitchen has been newly outfitted with on-trend white cabinetry, new stainless steel appliances, and room for a large dining table, making entertaining a breeze. The central staircase ascends to a den with built-in shelving for exceptional storage and secondary bedroom featuring glass-paned French doors, each room boasting multiple skylights. The master retreat includes a fully outfitted walk-in closet, ensuite bath with soaking tub, and double sinks with dual vanities, and a private balcony with two sets of sliding glass doors. Additional standout features are 2 assigned parking spaces in the attached,heated garage, in-unit laundry,dual zoned HVAC,and hardwood flooring throughout.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $13,714
Year Built
- Built in 2001 | Remodeled in 2019
Parking
- 1 Car Attached Garage
- Garage ceiling height seven feet or more
- Heated Garage
- Garage Door Opener
- Parking Included in Price
Home Design
- Rubber Roof
Interior Spaces
- 2,136 Sq Ft Home
- 2-Story Property
- Built-In Features
- Skylights
- Gas Log Fireplace
- Entrance Foyer
- Family Room
- Living Room with Fireplace
- Combination Dining and Living Room
- Den
- Wood Flooring
Kitchen
- Range
- Microwave
- Dishwasher
- Stainless Steel Appliances
- Disposal
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Potential Bedrooms
- Walk-In Closet
- Dual Sinks
- Soaking Tub
- Separate Shower
Laundry
- Laundry Room
- Laundry on upper level
- Dryer
- Washer
Home Security
Outdoor Features
- Spa
- Deck
- Patio
Schools
- Skinner Elementary School
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
- Lake Michigan Water
Listing and Financial Details
- Homeowner Tax Exemptions
Community Details
Overview
- 112 Units
- Connor Boland Association, Phone Number (773) 975-7234
- Property managed by Kass Management Group
- Lock-and-Leave Community
Amenities
- Elevator
- Service Elevator
- Package Room
Pet Policy
- Limit on the number of pets
- Pet Deposit Required
- Dogs and Cats Allowed
Security
- Resident Manager or Management On Site
- Storm Screens
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 1, 2024
Closed on
Oct 21, 2024
Sold by
Favaro David and Favaro Sarah
Bought by
Gokhale Shilpa
Seller's Agent
Mimi Harpur
Compass
Buyer's Agent
Jill Silverstein
Compass
List Price
$1,100,000
Sold Price
$1,085,000
Premium/Discount to List
-$15,000
-1.36%
Views
2
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
-$43,502
Avg. Annual Appreciation
-5.38%
Original Mortgage
$501,000
Outstanding Balance
$498,598
Interest Rate
6.25%
Mortgage Type
New Conventional
Estimated Equity
$542,900
Purchase Details
Listed on
Jul 9, 2019
Closed on
Aug 22, 2019
Sold by
Garrison Julie A
Bought by
Favaro David and Favaro Sarah
Seller's Agent
Debra Dobbs
Compass
Buyer's Agent
Mimi Harpur
Compass
List Price
$850,000
Sold Price
$850,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.83%
Original Mortgage
$750,000
Interest Rate
3.7%
Mortgage Type
New Conventional
Purchase Details
Closed on
Mar 26, 2003
Sold by
Gupta Raymond and Gupta Kristina Y
Bought by
Garrison Julie A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$445,200
Interest Rate
5.78%
Mortgage Type
Unknown
Purchase Details
Closed on
Jul 5, 2001
Sold by
Madison Monroe Llc
Bought by
Gupta Raymond and Gupta Kristina Y
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$412,700
Interest Rate
7.37%
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 | $1,085,000 | First American Title | |
| Warranty Deed | $850,000 | Chicago Title | |
| Warranty Deed | $556,500 | -- | |
| Special Warranty Deed | $516,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $501,000 | New Conventional | |
| Previous Owner | $723,000 | New Conventional | |
| Previous Owner | $750,000 | New Conventional | |
| Previous Owner | $271,000 | New Conventional | |
| Previous Owner | $394,000 | New Conventional | |
| Previous Owner | $413,000 | Unknown | |
| Previous Owner | $445,200 | Unknown | |
| Previous Owner | $164,000 | Credit Line Revolving | |
| Previous Owner | $116,000 | Credit Line Revolving | |
| Previous Owner | $412,700 | No Value Available | |
| Closed | $51,587 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/01/2024 11/01/24 | Sold | $1,085,000 | -1.4% | $508 / Sq Ft |
| 09/11/2024 09/11/24 | For Sale | $1,100,000 | +29.4% | $515 / Sq Ft |
| 09/10/2024 09/10/24 | Pending | -- | -- | -- |
| 08/28/2019 08/28/19 | Sold | $850,000 | 0.0% | $398 / Sq Ft |
| 07/12/2019 07/12/19 | Pending | -- | -- | -- |
| 07/09/2019 07/09/19 | For Sale | $850,000 | -- | $398 / 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 | $15,829 | $81,953 | $4,700 | $77,253 |
| 2023 | $15,409 | $78,082 | $2,577 | $75,505 |
| 2022 | $15,409 | $78,082 | $2,577 | $75,505 |
| 2021 | $15,081 | $78,081 | $2,577 | $75,504 |
| 2020 | $14,141 | $66,370 | $2,577 | $63,793 |
| 2019 | $13,951 | $72,637 | $2,577 | $70,060 |
| 2018 | $13,714 | $72,637 | $2,577 | $70,060 |
| 2017 | $11,081 | $54,674 | $2,274 | $52,400 |
| 2016 | $10,450 | $54,674 | $2,274 | $52,400 |
| 2015 | $9,538 | $54,674 | $2,274 | $52,400 |
| 2014 | $7,434 | $42,634 | $1,932 | $40,702 |
| 2013 | $7,276 | $42,634 | $1,932 | $40,702 |
Source: Public Records
Agents Affiliated with this Home
-
Mimi Harpur
Seller's Agent in 2024
Mimi Harpur
Compass
(312) 296-3319
11 in this area
19 Total Sales
-
Jill Silverstein
Buyer's Agent in 2024
Jill Silverstein
Compass
(312) 877-1784
24 in this area
352 Total Sales
-
Debra Dobbs
Seller's Agent in 2019
Debra Dobbs
Compass
(312) 307-4909
10 in this area
288 Total Sales
About Block Y
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 12152523
APN: 17-17-104-041-1145
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