NOT LISTED FOR SALE

Block Y 1301 W Madison St Unit 614 Chicago, IL 60607

West Loop Neighborhood

Estimated Value: $387,000 - $428,000

2 Beds
1 Bath
1,000 Sq Ft
$303/mo HOA Fee

Last Sold November 25, 2024

Last sale price $420,000 $420 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $3,151/month

20 Days on Market

Highlights

  • Wood Flooring
  • Sundeck
  • Balcony
  • Skinner Elementary School Rated A-
  • Elevator
  • 3-minute walk to Skinner Park

About This Home

As of November 2024

Stunning 2-bedroom penthouse nestled in the heart of the West Loop, beautifully remodeled with breathtaking views. South-facing with floor-to-ceiling windows that open to a private balcony with double doors, this home is flooded with natural light and exceptional features. Open layout offers an expansive living and dining area, ideal for entertaining. Recent updates include a gorgeous kitchen with sleek white cabinetry, beautiful backsplash, quartz countertops including island with breakfast bar seating and newer appliances. Additionally, there are hardwood floors throughout, gas fireplace, and soaring 11' ceilings. Enjoy the convenience of in-unit laundry. Included is one heated garage parking space and a spacious storage locker for added convenience. This building is well maintained and features a private courtyard with Koi Pond and shared rooftop for residents to enjoy. Prime location just steps to parks, restaurants, and shopping. Commuting is a breeze with easy access to public transportation and expressways.

Last Listed By

Leticia Jimenez

@properties Christie's International Real Estate License #471009742 Listed on: 10/07/2024

@properties Christie's International Real Estate

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,860

Year Built

  • Built in 2001 | Remodeled in 2023

Lot Details

  • 1.85

HOA Fees

  • $303 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Heated Garage
  • Garage Door Opener
  • Parking Included in Price

Home Design

  • Brick Exterior Construction
  • Block Foundation
  • Rubber Roof

Interior Spaces

  • 1,000 Sq Ft Home
  • Gas Log Fireplace
  • Family Room
  • Living Room with Fireplace
  • Combination Dining and Living Room
  • Storage
  • Wood Flooring
  • Intercom

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms
  • 1 Full Bathroom
  • Dual Sinks

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

Schools

  • Skinner Elementary School

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • 100 Amp Service
  • Lake Michigan Water

Listing and Financial Details

  • Homeowner Tax Exemptions

Community Details

Overview

  • Association fees include water, parking, insurance, exterior maintenance, lawn care, scavenger, snow removal
  • 114 Units
  • Manager Association, Phone Number (773) 975-7234
  • Property managed by Kass
  • 6-Story Property

Amenities

  • Sundeck
  • Elevator
  • Service Elevator
  • Community Storage Space

Pet Policy

  • Dogs and Cats Allowed

Security

  • Resident Manager or Management On Site

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,860

Year Built

Built in 2001 | Remodeled in 2023

Lot Details

0

HOA Fees

$303 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: Condo
  • Ownership: Condo
  • New Construction: No
  • Property Sub-Type: Condo
  • Year Built: 2001
  • Age: 21-25 Years
  • Built Before 1978 (Y/N): No
  • Disability Access and/or Equipped: No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Unit Floor Level: 6
  • Rehab Year: 2023
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 6
  • Year Renovated: 2023

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Disposal
  • Basement: None
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace Features: Gas Log
  • Fireplaces: 1
  • Interior Amenities: Hardwood Floors, Storage
  • LivingArea: 1000
  • Room Type: Balcony/Porch/Lanai
  • Stories Total: 6
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: None
  • Bathroom Amenities: 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
  • Flooring: Hardwood
  • ResoLivingAreaSource: Builder

Exterior Features

  • ExteriorFeatures: Balcony
  • Foundation Details: Block
  • List Price: 434900
  • Roof: Rubber
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

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

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Electric: 100 Amp Service
  • Heating: Natural Gas
  • Laundry Features: In Unit
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK
  • Association Fee: 303
  • Association Amenities: Elevator(s), Storage, Sundeck, Service Elevator(s), Intercom
  • Association Fee Frequency: Monthly
  • Management: Manager Off-site
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: Kass
  • Management Contact Name: manager
  • Management Phone: 773-975-7234
  • ResoAssociationFeeFrequency: Monthly

Fee Information

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

Schools

  • Elementary School: Skinner Elementary School
  • Middle/Junior School District: 299

Lot Info

  • Lot Dimensions: COMMON
  • Rural (Y/N): N
  • 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: 6859.88
  • Tax Year: 2023
  • Tax Exemptions: Homeowner

Multi Family

  • Units in Building: 114

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 7, 2024
Closed on
Nov 21, 2024
Sold by
Rhonda Panousakis Living Trust and Panousakis Rhonda
Bought by
Chiczewski Margaret
Seller's Agent
Leticia Jimenez
@properties Christie's International Real Estate
Buyer's Agent
Kate Waddell
Compass
List Price
$439,900
Sold Price
$420,000
Premium/Discount to List
-$19,900
-4.52%
Total Days on Market
20
Views
18
Current Estimated Value
$413,269

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$6,731
Avg. Annual Appreciation
-3.53%
Original Mortgage
$294,000
Outstanding Balance
$293,026
Interest Rate
6.99%
Mortgage Type
New Conventional
Estimated Equity
$120,243

Purchase Details

Closed on
Sep 3, 2021
Sold by
Panousakis Rhonda and Rilonda Panousakis Living Trus
Bought by
Panousakis Rhonda and The Rhonda Panousakis Living T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$172,500
Interest Rate
2.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 13, 2017
Sold by
Panousakis Rhonda
Bought by
The Rhonda Panousakis Living Trust

Purchase Details

Closed on
Oct 22, 2001
Sold by
Demilliano Joseph R and Demilliano Yong Mi
Bought by
Panousakis Rhonda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
7.26%

Purchase Details

Closed on
Jun 6, 2001
Sold by
Madison Monroe Llc
Bought by
Demilliano Joseph

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
Chiczewski Margaret $420,000 None Listed On Document
Panousakis Rhonda -- Accommodation
The Rhonda Panousakis Living Trust -- Attorney
Panousakis Rhonda $250,000 --
Demilliano Joseph $215,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chiczewski Margaret $294,000
Previous Owner Panousakis Rhonda $172,500
Previous Owner Panousakis Rhonda $193,500
Previous Owner Panousakis Rhonda $208,000
Previous Owner Panousakis Rhonda $225,000
Previous Owner Panousakis Rhonda $225,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/25/2024 11/25/24 Sold $420,000 -3.4% $420 / Sq Ft
10/27/2024 10/27/24 Pending -- -- --
10/21/2024 10/21/24 Price Changed $434,900 -1.1% $435 / Sq Ft
10/07/2024 10/07/24 For Sale $439,900 -- $440 / 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 $6,666 $37,489 $2,150 $35,339
2023 $6,666 $35,719 $1,179 $34,540
2022 $6,666 $35,719 $1,179 $34,540
2021 $6,534 $35,717 $1,178 $34,539
2020 $6,092 $30,360 $1,178 $29,182
2019 $6,007 $33,226 $1,178 $32,048
2018 $5,904 $33,226 $1,178 $32,048
2017 $4,673 $25,010 $1,040 $23,970
2016 $4,509 $25,010 $1,040 $23,970
2015 $4,102 $25,010 $1,040 $23,970
2014 $3,142 $19,503 $884 $18,619
2013 $3,069 $19,503 $884 $18,619
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12182801

Midwest Real Estate Data (MRED)

APN: 17-17-104-041-1169