PENDING
$35K PRICE DROP
Michaels Terrace 1309 N Wells St Unit 706 Chicago, IL 60610
Old Town NeighborhoodEstimated payment $3,501/month
Total Views
17,259
2
Beds
2
Baths
1,100
Sq Ft
$368
Price per Sq Ft
Highlights
- Doorman
- 5-minute walk to Clark/Division Station
- Party Room
- Lincoln Park High School Rated A
- Wood Flooring
- Sundeck
About This Home
Located in Chicago's Old Town neighborhood, this two bedroom, two bath condo features an open kitchen with granite countertops, breakfast bar, stainless steel appliances, gas oven/range, built-in microwave, fridge, dishwasher, disposal and hardwood floors throughout, floor to ceiling windows, fireplace, private balcony, rooftop deck and parking! SELLER DOES NOT PROVIDE SURVEY. Seller is open to concessions during negotiations. Concessions cannot exceed actual closing costs. Seller's portion of IL Condo Act 94-1049 dues is negotiable.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $8,223
Year Built
- Built in 1993 | Remodeled in 2019
HOA Fees
- $599 Monthly HOA Fees
Parking
- 1 Car Garage
- Parking Included in Price
Home Design
- Concrete Block And Stucco Construction
Interior Spaces
- 1,100 Sq Ft Home
- Gas Log Fireplace
- Family Room
- Living Room with Fireplace
- Combination Dining and Living Room
- Storage
- Laundry Room
- Wood Flooring
- Door Monitored By TV
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Potential Bedrooms
- 2 Full Bathrooms
Outdoor Features
- Balcony
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
- Lake Michigan Water
Community Details
Overview
- Association fees include water, parking, insurance, doorman, exterior maintenance, lawn care, scavenger, snow removal
- 80 Units
- Manager Association, Phone Number (773) 572-0880
- Old Town Subdivision
- Property managed by Michael Terrace Condominium Assocation
- 10-Story Property
Amenities
- Doorman
- Sundeck
- Party Room
- Package Room
- Community Storage Space
- Elevator
Recreation
- Bike Trail
Pet Policy
- Pets up to 60 lbs
- Limit on the number of pets
- Pet Size Limit
- Dogs and Cats Allowed
Map
About Michaels Terrace
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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 | $8,223 | $39,072 | $4,520 | $34,552 |
| 2023 | $8,009 | $38,000 | $3,639 | $34,361 |
| 2022 | $8,009 | $38,000 | $3,639 | $34,361 |
| 2021 | $7,851 | $37,999 | $3,638 | $34,361 |
| 2020 | $7,654 | $33,255 | $2,547 | $30,708 |
| 2019 | $7,500 | $36,087 | $2,547 | $33,540 |
| 2018 | $7,378 | $36,087 | $2,547 | $33,540 |
| 2017 | $6,341 | $29,457 | $2,037 | $27,420 |
| 2016 | $5,900 | $29,457 | $2,037 | $27,420 |
| 2015 | $5,398 | $29,457 | $2,037 | $27,420 |
| 2014 | $4,984 | $26,862 | $1,637 | $25,225 |
| 2013 | $4,885 | $26,862 | $1,637 | $25,225 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/30/2025 06/30/25 | Pending | -- | -- | -- |
| 06/26/2025 06/26/25 | Off Market | $404,900 | -- | -- |
| 06/18/2025 06/18/25 | Price Changed | $404,900 | -1.2% | $368 / Sq Ft |
| 06/17/2025 06/17/25 | For Sale | $409,900 | 0.0% | $373 / Sq Ft |
| 06/06/2025 06/06/25 | Pending | -- | -- | -- |
| 04/28/2025 04/28/25 | Price Changed | $409,900 | -4.7% | $373 / Sq Ft |
| 04/14/2025 04/14/25 | Price Changed | $429,900 | -2.3% | $391 / Sq Ft |
| 02/14/2025 02/14/25 | For Sale | $439,900 | -- | $400 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | None Listed On Document | |
| Warranty Deed | $372,000 | Chicago Title | |
| Warranty Deed | $205,000 | Professional National Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $334,800 | New Conventional | |
| Previous Owner | $150,000 | Unknown | |
| Previous Owner | $164,000 | No Value Available |
Source: Public Records
Similar Homes in Chicago, IL
Source: Midwest Real Estate Data (MRED)
MLS Number: 12290202
APN: 17-04-215-072-1023
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