$470,000
SOLD JUL 27, 2021

1328 S Federal St Unit D Chicago, IL 60605

Dearborn Park Neighborhood
2 Beds
2 Baths
1,500 Sq Ft
$433/mo HOA Fee

Recently Sold

$313 Per Sq Ft

4% Below List Price

47 Days on Market

Highlights

  • Vaulted Ceiling
  • 1 Car Attached Garage
  • Forced Air Heating and Cooling System
  • Wood Flooring
  • Storage Room
  • 3-minute walk to Mary Richardson Jones Park

About This Home

As of July 2021

MOTIVATED SELLER! LOTS OF IN-UNIT STORAGE. Must see and rarely available unit in beautiful Dearborn Park II. 2 Bed/2 Bath Duplex that lives like a townhome. Quiet neighborhood, feels like the suburbs. Large bay wall of windows in this sun-filled unit with vaulted ceiling, fireplace in living room, and overlooking kitchen and dining creates an incredible space for entertaining. Home has been fully updated with recessed lighting throughout, newer kitchen with 42" cabinets with soft close drawers, newer stainless steel appliances. Updated high end baths, hardwood floors in living/dining. Tigerwood bamboo hardwood flooring in both bedrooms. Full laundry room with a massive attached storage area. Covered deck off bedrooms. Complete with a 1 car private attached garage. Easy additional street permit parking. Conveniently located near shopping, restaurants, multiple CTA lines, Downtown, Grant Park, Lake, Soldier Field, Museums, and major expressways.

Last Agent to Sell the Property

Mohammed Ismail

First Illinois Realty License #471010261 Listed on: 05/01/2021

Last Buyer's Agent

Dave Auffarth

Keller Williams ONEChicago License #475138035

Keller Williams ONEChicago

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $8,355

Year Built

  • Built in 1992

HOA Fees

  • $433 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Parking Included in Price

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 1,500 Sq Ft Home
  • 2-Story Property
  • Vaulted Ceiling
  • Gas Log Fireplace
  • Living Room with Fireplace
  • Storage Room
  • Laundry on main level
  • Wood Flooring
  • Crawl Space

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms
  • 2 Full Bathrooms

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 insurance, tv/cable, exterior maintenance, lawn care, scavenger, snow removal, internet
  • 32 Units
  • Hales Property Management Association, Phone Number (312) 666-0149
  • Dearborn Park Ii Subdivision
  • Property managed by Hales Property Management

Pet Policy

  • Dogs and Cats Allowed

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$8,355

Year Built

Built in 1992

Lot Details

0

HOA Fees

$433 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: Townhouse-2 Story
  • Ownership: Condo
  • New Construction: No
  • Property Sub-Type: Townhouse-2 Story
  • Subdivision Name: Dearborn Park II
  • Year Built: 1992
  • Age: 26-30 Years
  • Built Before 1978 (Y/N): No
  • Disability Access and/or Equipped: No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Unit Floor Level: 1
  • Special Features: None
  • Property Sub Type: Townhouses
  • Stories: 2

Interior Features

  • Basement: None
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplace Features: Gas Log
  • Fireplaces: 1
  • Interior Amenities: Vaulted/Cathedral Ceilings, Hardwood Floors, 1st Floor Laundry, Storage
  • LivingArea: 1500
  • Room Type: Storage
  • Stories Total: 2
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: Crawl
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 0
  • Fireplace Location: Living Room
  • Total Sq Ft: 0

Exterior Features

  • List Price: 480000
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 1
  • Number of Cars: 1
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Electric: Circuit Breakers
  • Heating: Natural Gas, Forced Air
  • Water Source: Lake Michigan, Public

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK
  • Association Fee: 433
  • Association Fee Frequency: Monthly
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: Hales Property Management
  • Management Contact Name: Hales Property Management
  • Management Phone: 312-666-0149

Fee Information

  • Association Fee Includes: Insurance, TV/Cable, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal, Internet

Schools

  • Middle/Junior School District: 299

Lot Info

  • Lot Dimensions: COMMON
  • Special Assessments: Y

Rental Info

  • Board Number: 10
  • Pets Allowed (Y/N): Yes
  • Is Parking Included in Price: Yes
  • Max Pet Weight: 999

Tax Info

  • Tax Annual Amount: 8355.3
  • Tax Year: 2019
  • Tax Exemptions: Homeowner

Multi Family

  • Units in Building: 32

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 1, 2021
Closed on
Jul 21, 2021
Sold by
Ismail Mohammed K and Ismail Mohammed K
Bought by
Keller Kent and Keller Betsy Balgooyen
Seller's Agent
Mohammed Ismail
First Illinois Realty
Buyer's Agent
Dave Auffarth
Keller Williams ONEChicago
List Price
$490,000
Sold Price
$470,000
Premium/Discount to List
-$20,000
-4.08%
Current Estimated Value
$522,877

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$52,877
Avg. Annual Appreciation
2.78%
Original Mortgage
$376,000
Outstanding Balance
$345,428
Interest Rate
2.87%
Mortgage Type
New Conventional
Estimated Equity
$179,855

Purchase Details

Closed on
Oct 14, 2016
Sold by
Ismail Mohammed R and Ismail Renee A
Bought by
Mohammed K Ismail Jr Revocable Living Tr

Purchase Details

Listed on
Mar 8, 2016
Closed on
Apr 21, 2016
Sold by
Ismail Mohammed K
Bought by
Ismail Rowe A
Seller's Agent
Cynthia Bauer
RE/MAX Premier
Buyer's Agent
Mohammed Ismail
First Illinois Realty
List Price
$465,000
Sold Price
$465,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.32%
Original Mortgage
$372,000
Interest Rate
3.71%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 19, 2014
Closed on
Nov 4, 2014
Sold by
Megan Madden John P and Malley M Megan O
Bought by
Crayton Michelle
Seller's Agent
Cynthia Bauer
RE/MAX Premier
Buyer's Agent
Brian Cargerman
@properties Christie's International Real Estate
List Price
$450,000
Sold Price
$427,500
Premium/Discount to List
-$22,500
-5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.81%
Original Mortgage
$316,350
Interest Rate
4.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 10, 2003
Sold by
Kwong Victor and Kwong Tracy
Bought by
Madden John P and Madden Megan Omalley

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
4%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
May 10, 2002
Sold by
Kwong Victor and Kwong Tracy
Bought by
Kwong Victor and Kwong Tracy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
7%

Purchase Details

Closed on
Nov 16, 1999
Sold by
Power Gregory M and Power Desiree D
Bought by
Kwong Victor

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$207,200
Interest Rate
7.37%

Purchase Details

Closed on
May 31, 1995
Sold by
Hermele Alex
Bought by
Power Gregory M and Power Desiree D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$189,650
Interest Rate
8.26%
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed $470,000 Saturn Title Llc
Interfamily Deed Transfer -- Attorney
Warranty Deed $465,000 Old Republic Title
Warranty Deed $427,500 First American Title Ins Co
Warranty Deed $306,000 --
Interfamily Deed Transfer -- Chicago Title Insurance Co
Warranty Deed $259,000 --
Warranty Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $376,000 New Conventional
Previous Owner $344,500 New Conventional
Previous Owner $372,000 New Conventional
Previous Owner $35,000 Credit Line Revolving
Previous Owner $316,350 New Conventional
Previous Owner $316,350 New Conventional
Previous Owner $150,000 Credit Line Revolving
Previous Owner $150,000 Credit Line Revolving
Previous Owner $150,000 Credit Line Revolving
Previous Owner $50,000 Credit Line Revolving
Previous Owner $244,800 Adjustable Rate Mortgage/ARM
Previous Owner $123,000 Unknown
Previous Owner $127,000 Unknown
Previous Owner $140,000 No Value Available
Previous Owner $207,200 No Value Available
Previous Owner $210,000 Unknown
Previous Owner $189,650 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/27/2021 07/27/21 Sold $470,000 -3.1% $313 / Sq Ft
06/17/2021 06/17/21 Pending -- -- --
05/26/2021 05/26/21 Price Changed $485,000 -1.0% $323 / Sq Ft
05/01/2021 05/01/21 For Sale $490,000 +5.4% $327 / Sq Ft
05/03/2016 05/03/16 Sold $465,000 0.0% $310 / Sq Ft
03/16/2016 03/16/16 Pending -- -- --
03/08/2016 03/08/16 For Sale $465,000 +8.8% $310 / Sq Ft
11/06/2014 11/06/14 Sold $427,500 -2.6% $285 / Sq Ft
09/20/2014 09/20/14 Pending -- -- --
09/13/2014 09/13/14 Price Changed $439,000 -2.4% $293 / Sq Ft
08/19/2014 08/19/14 For Sale $450,000 -- $300 / 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 $9,737 $47,039 $15,846 $31,193
2023 $9,491 $46,000 $12,749 $33,251
2022 $9,491 $46,000 $12,749 $33,251
2021 $9,278 $45,999 $12,749 $33,250
2020 $9,210 $41,343 $10,472 $30,871
2019 $8,355 $45,016 $10,472 $34,544
2018 $8,214 $45,016 $10,472 $34,544
2017 $6,693 $34,468 $8,651 $25,817
2016 $6,403 $34,468 $8,651 $25,817
2015 $5,835 $34,468 $8,651 $25,817
2014 $5,647 $33,005 $7,740 $25,265
2013 $5,525 $33,005 $7,740 $25,265
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11073202

Midwest Real Estate Data (MRED)

APN: 17-21-211-205-1004