Michaels Terrace 1309 N Wells St Unit 506 Floor 5 Chicago, IL 60610
Old Town NeighborhoodEstimated payment $3,682/month
Highlights
- Doorman
- 5-minute walk to Clark/Division Station
- Sundeck
- Lincoln Park High School Rated A
- Party Room
- Elevator
About This Home
Bright and open south-facing 2 bed / 2 bath condo with 1 garage parking space, private balcony, and in-unit laundry in the heart of Old Town! Large bedroom sizes, with primary bedroom en suite and lots of closet space throughout! Recently replaced central air A/C system and washer/dryer. This elevator building features door staff, remodeled hallways, a community room, and a common rooftop with skyline views. RCN internet and cable, storage cage, and garage parking are included in the assessment. Rare 99 "Walk Score"! Incredible location close to all the restaurants and shops on Wells Street, the 3 Arts Club Cafe, CTA Red and Brown Lines, Jewel-Osco, and Aldi!
Listing Agent
@properties Christie's International Real Estate License #475160037 Listed on: 11/18/2025
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $8,006
Year Built
- Built in 1990
HOA Fees
- $577 Monthly HOA Fees
Parking
- 1 Car Garage
- Parking Included in Price
Home Design
- Entry on the 5th floor
Interior Spaces
- Gas Log Fireplace
- Family Room
- Living Room with Fireplace
- Dining Room
- Laundry Room
Flooring
- Laminate
- Porcelain Tile
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Potential Bedrooms
- 2 Full Bathrooms
Outdoor Features
- Balcony
Schools
- Manierre Elementary School
- Lincoln Park High 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
- Association fees include water, parking, insurance, doorman, tv/cable, exterior maintenance, scavenger, snow removal, internet
- 80 Units
- Matthew Association, Phone Number (773) 572-0880
- Property managed by Westward
- 10-Story Property
Amenities
- Doorman
- Sundeck
- Party Room
- Elevator
- Community Storage Space
Recreation
- Bike Trail
Pet Policy
- Pets up to 14 lbs
- Dogs and Cats Allowed
Map
About Michaels Terrace
Home Values in the Area
Average Home Value in this Area
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 | $8,006 | $37,545 | $4,343 | $33,202 |
| 2023 | $7,798 | $37,000 | $3,497 | $33,503 |
| 2022 | $7,798 | $37,000 | $3,497 | $33,503 |
| 2021 | $7,645 | $36,999 | $3,496 | $33,503 |
| 2020 | $7,355 | $31,956 | $2,447 | $29,509 |
| 2019 | $6,494 | $34,677 | $2,447 | $32,230 |
| 2018 | $6,388 | $34,677 | $2,447 | $32,230 |
| 2017 | $5,367 | $28,307 | $1,958 | $26,349 |
| 2016 | $5,169 | $28,307 | $1,958 | $26,349 |
| 2015 | $4,706 | $28,307 | $1,958 | $26,349 |
| 2014 | $4,313 | $25,813 | $1,573 | $24,240 |
| 2013 | $4,217 | $25,813 | $1,573 | $24,240 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 12/03/2025 12/03/25 | Pending | -- | -- | -- | |
| 11/18/2025 11/18/25 | For Sale | $464,800 | +10.0% | -- | |
| 07/30/2019 07/30/19 | Sold | $422,500 | -2.9% | -- | View Prior Sale |
| 07/07/2019 07/07/19 | Pending | -- | -- | -- | |
| 06/14/2019 06/14/19 | For Sale | $435,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $422,500 | Saturn Title Llc | |
| Warranty Deed | $272,000 | Fatic | |
| Trustee Deed | $125,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $217,600 | Unknown | |
| Previous Owner | $85,000 | No Value Available | |
| Closed | $40,800 | No Value Available |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12519906
APN: 17-04-215-072-1007
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