NOT LISTED FOR SALE

1331 W School St Unit 1 Chicago, IL 60657

Lakeview Neighborhood

Estimated Value: $1,559,000 - $1,609,000

3 Beds
3 Baths
-- Sq Ft
3,180 Sq Ft Lot

Highlights

  • Central Air
  • 3-minute walk to Southport Station
  • 2-minute walk to Margaret Donahue Park
  • Augustus H. Burley Elementary School Rated A-

About This Home

As of July 2020

Rehabbed 3 bedroom, 3 bathroom Duplex in Lakeview features gourmet kitchen with dishwasher, hardwood throughout on top level, 2 bedrooms 2 bathrooms ground level has carpet throughout, with 1 bedroom, 1 bathroom. Separate den, fireplace, in-unit washer-dryer, Jacuzzi tub, large living space, great deck, 2 parking spots included in the monthly rent.

Last Agent to Rent the Property

Mike Tiburtini

Spaces Real Estate LLC License #471013517 Listed on: 05/14/2020

Last Renter's Agent

Non Member

NON MEMBER

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $22,883

Year Built

  • 1996

Lot Details

  • 3,180

Home Design

  • Brick Exterior Construction

Parking

  • Parking Available
  • Parking Included in Price

Utilities

  • Central Air
  • Heating System Uses Gas
  • Lake Michigan Water

Home Details

Home Type

Single Family

Est. Annual Taxes

$22,883

Year Built

1996

Lot Details

0

Rental Info

  • Available: 05/14/2020
  • Monthly Lot Rental Included: Water, Scavenger

Listing Details

  • Property Type: Residential Rental
  • Built Before 1978 (Y/N): Yes
  • Unit Floor Level: 1
  • Age: Unknown
  • Full Bathrooms: 3
  • Total Full or Half Bathrooms: 3
  • Estimated Year Built: U
  • Type Attached: Flat
  • Type Of Rental Property: Attached
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 3
  • Year Built (Public Record): 1996

Interior Features

  • Number Of Rooms: 3
  • Bedrooms All Levels: 3
  • Master Bedroom Level: Main Level
  • Master Bedroom Size: 12X10
  • Second Bedroom Level: Main Level
  • Second Bedroom Size: 12X10
  • Third Bedroom Level: Main Level
  • Third Bedroom Size: 12X10
  • Above Grade Bedrooms: 3
  • Additional Rooms: No additional rooms

Exterior Features

  • Exterior Building Type: Brick

Garage/Parking

  • Number of Cars: 2
  • Parking: Space/s
  • Number Parking Spaces: 2
  • Parking On Site: Yes
  • Parking Included In Price: Yes

Utilities

  • Air Conditioner: Central Air
  • Water: Lake Michigan
  • Sewer: Sewer-Public
  • Heating Fuel: Gas

Condo/Co-op/Association

  • Max Pet Weight: 999
  • Pets Allowed: Yes
  • Pet Information: Deposit Required, Dogs OK

Schools

  • Junior High Dist: 299

Lot Info

  • Lot Dimensions: COMMON

Multi Family

  • Number Stories: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 10, 2019
Sold by
Sarussi Martin J
Bought by
Sarussi Martin J and Martin J Sarusi Revocable Trust
Current Estimated Value
$1,584,000

Purchase Details

Closed on
Oct 25, 1994
Sold by
State Bank Of Countryside
Bought by
Sarussi Martin J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$495,000
Interest Rate
8.86%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 23, 1993
Sold by
Tom Thomas and Tom Meiyu
Bought by
Fung Vincent

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,500
Interest Rate
7.29%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 17, 1993
Sold by
Schmit Judy K
Bought by
Moyer Larry R and Damerjian Patricia A
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Sarussi Martin J -- None Available
Sarussi Martin J $550,000 --
Fung Vincent $100,000 --
Moyer Larry R $53,333 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Sarussi Martin J $495,000
Previous Owner Fung Vincent $112,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/14/2020 07/14/20 Rented $3,600 0.0% --
05/19/2020 05/19/20 Under Contract -- -- --
05/14/2020 05/14/20 For Rent $3,600 -- --
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 $22,883 $137,801 $59,055 $78,746
2023 $24,440 $111,769 $47,625 $64,144
2022 $24,440 $122,246 $47,625 $74,621
2021 $25,912 $132,188 $47,625 $84,563
2020 $19,255 $89,538 $20,320 $69,218
2019 $21,850 $112,184 $20,320 $91,864
2018 $24,944 $129,715 $20,320 $109,395
2017 $19,715 $94,959 $17,780 $77,179
2016 $18,519 $94,959 $17,780 $77,179
2015 $16,920 $94,959 $17,780 $77,179
2014 $14,785 $82,255 $14,605 $67,650
2013 $14,482 $82,255 $14,605 $67,650
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10715416

Midwest Real Estate Data (MRED)

APN: 14-20-326-016-0000