L
Seller's Agent in 2024
Lilianna Sekula-Lark
Compass
(312) 944-8900
12 in this area
67 Total Sales
1316 E Madison Park Chicago, IL 60615
Kenwood NeighborhoodEstimated Value: $897,000 - $1,629,797
8
Beds
5
Baths
4,554
Sq Ft
$298/Sq Ft
Est. Value
About This Home
As of March 2024Write a new chapter in the history of this beautiful home. On the market for the first time since 1947, this stately home is located on a double lot in bucolic, private Madison Park. Built for an attorney in 1897, this large home features 4,554 square feet above ground, eight bedrooms, three full and two half bathrooms and full, unfinished basement. The home's first owner also built the house next door, at 1310 E Madison Park, leaving large space between the buildings. As a result, this house is full of light and has lovely views onto homes' gardens. Full of historic charm and timeless beauty, this home features many vintage characteristics.On the main floor the house impresses viewers with its high ceilings, large receiving rooms, elegant staircase, vintage woodwork, oak floors and original butler's pantry. Second floor features similar quality of finishes including marble sinks while third floor, originally designed as servants' quarters has simpler finishes and features four bedrooms, two full bathrooms and a second kitchen. This floor, used as a separate space, can be a great in-laws suite. Solid brick home, this property has a beautiful, south facing, limestone facade with an elegant front porch and a whimsical balcony on the third floor. The home's large side yard gives its owners plenty of space for entertaining, gardening and play while its deep lot offers enough space for a four-car garage. Owners redid the home's tuck-pointing in 2013, replaced its roof in 2017, and changed the water heater in 2018. The boiler is 21 years old and has been serviced every year. The house is being sold "as is". This unique property offers a great opportunity to create a dream home in a quiet, residential, truly perfect setting of Madison Park.
Last Agent to Sell the Property
Compass License #475143862 Listed on: 11/17/2023
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $25,137
Year Built
- Built in 1897
Lot Details
- 10,759
Interior Spaces
- 4,554 Sq Ft Home
- 3-Story Property
- Formal Dining Room
- Unfinished Basement
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 8 Bedrooms
- 8 Potential Bedrooms
Parking
- 2 Parking Spaces
- Uncovered Parking
- Parking Included in Price
Utilities
- No Cooling
- Heating System Uses Natural Gas
- Radiant Heating System
- Lake Michigan Water
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 17, 2023
Closed on
Mar 4, 2024
Sold by
Sylvia Fischer Declaration Of Trust
Bought by
Raterman Mark and Dhaliwal Neelamjit K
Seller's Agent
Lilianna Sekula-Lark
Compass
Buyer's Agent
Christopher Thomas
EXIT Strategy Realty
List Price
$1,290,000
Sold Price
$1,075,000
Premium/Discount to List
-$215,000
-16.67%
Views
236
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
$217,953
Avg. Annual Appreciation
14.34%
Purchase Details
Closed on
Mar 12, 1997
Sold by
Fischer Sylvia
Bought by
Fischer Sylvia and The Sylvia Fischer Declaration Of Trust
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Raterman Mark | $1,075,000 | None Listed On Document | |
| Fischer Sylvia | -- | -- |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/08/2024 03/08/24 | Sold | $1,075,000 | -16.7% | $236 / Sq Ft |
| 01/26/2024 01/26/24 | Pending | -- | -- | -- |
| 11/17/2023 11/17/23 | For Sale | $1,290,000 | -- | $283 / 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 |
|---|---|---|---|---|
| 2025 | $26,475 | $165,000 | $66,650 | $98,350 |
| 2024 | $26,475 | $165,000 | $66,650 | $98,350 |
| 2023 | $25,678 | $131,000 | $53,750 | $77,250 |
| 2022 | $25,678 | $131,000 | $53,750 | $77,250 |
| 2021 | $25,137 | $131,000 | $53,750 | $77,250 |
| 2020 | $21,862 | $103,720 | $43,000 | $60,720 |
| 2019 | $21,411 | $112,740 | $43,000 | $69,740 |
| 2018 | $21,048 | $112,740 | $43,000 | $69,740 |
| 2017 | $18,827 | $93,535 | $35,475 | $58,060 |
| 2016 | $17,877 | $93,535 | $35,475 | $58,060 |
| 2015 | $16,316 | $93,535 | $35,475 | $58,060 |
| 2014 | $13,095 | $70,578 | $29,025 | $41,553 |
| 2013 | $12,017 | $70,578 | $29,025 | $41,553 |
Source: Public Records
Agents Affiliated with this Home
-
Lilianna Sekula-Lark
-
Christopher Thomas
Buyer's Agent in 2024
Christopher Thomas
EXIT Strategy Realty
(773) 770-5947
2 in this area
17 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11932218
APN: 20-11-212-055-0000
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