NOT LISTED FOR SALE

1362 E Madison Park Unit 2 Chicago, IL 60615

Kenwood Neighborhood

Estimated Value: $390,000 - $491,000

3 Beds
2 Baths
1,800 Sq Ft
$580/mo HOA Fee

Last Sold July 19, 2021

Last sale price $393,500 $219 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $3,643/month

2 Days on Market

Highlights

  • Property is near a park
  • Wood Flooring
  • Walk-In Closet
  • Kenwood Academy High School Rated A-
  • Formal Dining Room
  • Resident Manager or Management On Site

About This Home

As of July 2021

Live on this park oasis, among the beauty of the greenery and trees. Hyde Park's premiere Madison Park enclave offers a sense of beauty and serenity.This special three bedroom, two bath condominium, in a wonderful building, overlooks a private courtyard garden of it's own. This home offers a circular floorplan, the most beautiful original woodwork and hardwood floors throughout, lovely original windows, decorative fireplace, built-in bookcase, copious closet space-some are beautiful built-in floor-to-ceiling cabinetry, and in-unit laundry. There is interesting lighting and the most spacious of rooms. There is a bonus area that can be an office, a reading nook or even an eating area for informal dining. The side-by-side living room and dining room, separated by french doors, are perfect for entertaining the largest of gatherings. The bright kitchen has loads of cabinet space and Samsung appliances. All three bedrooms are oversized, the primary bedroom has an en-suite bath. Well located within walking distance of shopping, dining, transportation and the University of Chicago. Parking in the park is $400 a year for one car, when available a second spot is $600 a year.

Last Agent to Sell the Property

Deborah Lewis

Berkshire Hathaway HomeServices Chicago License #475135973 Listed on: 06/05/2021

Berkshire Hathaway HomeServices Chicago

Last Buyer's Agent

Sherri Hoke

Jameson Sotheby's Intl Realty License #475144400

Jameson Sotheby's Intl Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,651

Year Built

  • Built in 1920

Lot Details

  • 0.52

HOA Fees

  • $580 Monthly HOA Fees

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 1,800 Sq Ft Home
  • 3-Story Property
  • Bookcases
  • Decorative Fireplace
  • French Doors
  • Entrance Foyer
  • Living Room with Fireplace
  • Formal Dining Room
  • Wood Flooring

Kitchen

  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Laundry closet
  • Washer and Dryer Hookup

Parking

  • 1 Parking Space
  • Uncovered Parking
  • Zoned Parking Permit
  • Unassigned Parking

Location

  • Property is near a park

Utilities

  • No Cooling
  • Radiator
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Community Details

Overview

  • Association fees include heat, water, insurance, exterior maintenance, lawn care, scavenger, snow removal
  • 24 Units
  • Bebe Ferenac Association, Phone Number (773) 684-5400
  • Property managed by Marian Realty

Recreation

  • Bike Trail

Pet Policy

  • Cats Allowed

Additional Features

  • Community Storage Space
  • Resident Manager or Management On Site

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,651

Year Built

Built in 1920

Lot Details

0

HOA Fees

$580 per month

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: Condo
  • Ownership: Condo
  • New Construction: No
  • Property Sub-Type: Condo
  • Year Built: 1920
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Unit Floor Level: 2
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 3

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator
  • Basement: None
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace Features: Decorative
  • Fireplaces: 1
  • Interior Amenities: Hardwood Floors, Laundry Hook-Up in Unit, Walk-In Closet(s), Bookcases
  • LivingArea: 1800
  • Room Type: Foyer, Other Room
  • Stories Total: 3
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: None
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Separate
  • Total Sq Ft: 0
  • Fireplace Location: Living Room
  • Total Sq Ft: 0
  • Door Features: French Doors

Exterior Features

  • List Price: 407000
  • Lot Features: Park Adjacent
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Parking Features: Unassigned, Zoned Permit
  • ParkingTotal: 1
  • Number of Cars: 1
  • Parking: Space/s
  • Parking On-Site: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: None
  • Heating: Natural Gas, Radiators
  • Laundry Features: In Unit, Laundry Closet
  • Water Source: Lake Michigan, Public

Condo/Co-op/Association

  • Pets Allowed: Cats OK
  • Association Fee: 580
  • Association Amenities: Bike Room/Bike Trails, Storage
  • Association Fee Frequency: Monthly
  • Management: Manager Off-site
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: Marian Realty
  • Management Contact Name: Bebe Ferenac
  • Management Phone: 773-684-5400

Fee Information

  • Association Fee Includes: Heat, Water, Insurance, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal

Schools

  • Middle/Junior School District: 299

Lot Info

  • Lot Dimensions: COMMON
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Pets Allowed (Y/N): Yes
  • Is Parking Included in Price: No

Tax Info

  • Tax Annual Amount: 5650.7
  • Tax Year: 2019
  • Tax Exemptions: None

Multi Family

  • Units in Building: 24

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 5, 2021
Closed on
Jul 8, 2021
Sold by
Garza Joshua
Bought by
Chicago Title Land Trust Company and Trust Number 8002386532
Seller's Agent
Deborah Lewis
Berkshire Hathaway HomeServices Chicago
Buyer's Agent
Sherri Hoke
Jameson Sotheby's Intl Realty
List Price
$407,000
Sold Price
$393,500
Premium/Discount to List
-$13,500
-3.32%
Current Estimated Value
$443,121

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$49,621
Avg. Annual Appreciation
2.77%

Purchase Details

Listed on
Jun 7, 2019
Closed on
Aug 14, 2019
Sold by
Maclean Jason N and Saleh Maryam
Bought by
Garza Joshua
Seller's Agent
Marie Levesque
Compass
Buyer's Agent
Stuart Blaylock
Compass
List Price
$359,000
Sold Price
$345,000
Premium/Discount to List
-$14,000
-3.9%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.05%
Original Mortgage
$293,250
Interest Rate
2.75%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 6, 2013
Closed on
May 24, 2013
Sold by
Roane Michael W and Roane Kari J
Bought by
Maclean Jason N and Saleh Maryam
Seller's Agent
Jeanne Spurlock
Compass
Buyer's Agent
Gregory Kohlhagen
Dream Town Real Estate
List Price
$315,000
Sold Price
$286,500
Premium/Discount to List
-$28,500
-9.05%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.03%
Original Mortgage
$229,000
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 20, 2006
Sold by
Frantz Carolyn J
Bought by
Roane Michael W and Roane Kari J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
6.38%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jul 15, 2003
Sold by
Drazenovic Steven and Drazenovic Pepica
Bought by
Frantz Carolyn J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,500
Interest Rate
5.97%
Mortgage Type
Balloon

Purchase Details

Closed on
Oct 23, 2001
Sold by
American National Bk & Tr Co Of Chicago
Bought by
Drazenovic Steven and Drazenovic Pepica

Purchase Details

Closed on
Mar 19, 1999
Sold by
American National Bk & Tr Co Of Chicago
Bought by
Drazenovic Steven and Drazenovic Pepica
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
Chicago Title Land Trust Company $393,500 Chicago Title
Garza Joshua $345,000 Chicago Title
Maclean Jason N $286,500 None Available
Roane Michael W $325,000 Chicago Title Insurance Co
Frantz Carolyn J $278,000 Ctic
Drazenovic Steven -- --
Drazenovic Steven -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Garza Joshua $292,000
Previous Owner Garza Joshua $293,250
Previous Owner Maclean Jason N $229,000
Previous Owner Roane Michael W $282,000
Previous Owner Roane Michael W $260,000
Previous Owner Roane Michael W $32,500
Previous Owner Frantz Carolyn J $208,500
Closed Frantz Carolyn J $41,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/19/2021 07/19/21 Sold $393,500 -3.3% $219 / Sq Ft
06/08/2021 06/08/21 Pending -- -- --
06/05/2021 06/05/21 For Sale $407,000 +18.0% $226 / Sq Ft
08/14/2019 08/14/19 Sold $345,000 -3.9% $196 / Sq Ft
06/26/2019 06/26/19 Pending -- -- --
06/07/2019 06/07/19 For Sale $359,000 +25.3% $204 / Sq Ft
05/24/2013 05/24/13 Sold $286,500 -9.0% $159 / Sq Ft
04/17/2013 04/17/13 Pending -- -- --
02/06/2013 02/06/13 For Sale $315,000 -- $175 / 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 $7,834 $35,732 $5,645 $30,087
2023 $7,610 $37,000 $4,552 $32,448
2022 $7,610 $37,000 $4,552 $32,448
2021 $7,440 $36,999 $4,552 $32,447
2020 $5,753 $25,826 $3,641 $22,185
2019 $5,651 $28,125 $3,641 $24,484
2018 $5,556 $28,125 $3,641 $24,484
2017 $5,548 $25,772 $3,004 $22,768
2016 $5,162 $25,772 $3,004 $22,768
2015 $4,723 $25,772 $3,004 $22,768
2014 $4,860 $26,193 $2,458 $23,735
2013 $4,286 $26,193 $2,458 $23,735
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11112421

Midwest Real Estate Data (MRED)

APN: 20-11-212-138-1021