NOT LISTED FOR SALE

1364 E Madison Park Unit 1 Chicago, IL 60615

Kenwood Neighborhood

Estimated Value: $511,000 - $685,560

5 Beds
4.5 Baths
3,357 Sq Ft
$653/mo HOA Fee

Last Sold August 26, 2021

Last sale price $535,000 $159 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $4,570/month

43 Days on Market

Highlights

  • Recreation Room
  • Wood Flooring
  • Stainless Steel Appliances
  • Kenwood Academy High School Rated A-
  • Formal Dining Room
  • 4-minute walk to Kenwood Community Park

About This Home

As of August 2021

Luminous and beautifully updated condo in lush Madison Park, the largest of three private parks in Chicago. Unique duplex layout featuring a private three bedroom, three bathroom condo spanning about 1,938 feet that overlooks the park with separate living room/dining room and remodeled open concept kitchen on the main level. The lower level, approximately 1,419 square feet, has a separate entrance, two bedrooms, one and half bathrooms, large recreation room and laundry room. Currently used as a rental apartment, the space on this level can be configured as additional living space, an in-law suite or guest quarters. Income from the rental, which is sanctioned in the HOA's bylaws, has covered part of seller's mortgage. The secluded yet accessible location within walking distance of Whole Foods, Metra, buses and shops of 53rd St. reflects "Urbs in Horto" at its best. Annual permit parking for one car is $400 and $600 for second car, if space is available. Sorry, no dogs. See floor plans under "Additional Information".

Last Agent to Sell the Property

Marie Levesque

Compass License #475134883 Listed on: 04/29/2021

Compass

Last Buyer's Agent

Steve Dombar

Redfin Corporation License #475186487

Redfin Corporation

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,667

Year Built

  • Built in 1929 | Remodeled in 2016

Lot Details

  • 0.52

HOA Fees

  • $653 Monthly HOA Fees

Home Design

  • Brick Exterior Construction
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,357 Sq Ft Home
  • 3-Story Property
  • Built-In Features
  • Window Treatments
  • Window Screens
  • Entrance Foyer
  • Formal Dining Room
  • Recreation Room
  • Storage
  • Wood Flooring
  • Intercom

Kitchen

  • Electric Oven
  • Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Potential Bedrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer
  • Sink Near Laundry

Finished Basement

  • Basement Fills Entire Space Under The House
  • Recreation or Family Area in Basement
  • Finished Basement Bathroom

Parking

  • 1 Parking Space
  • Uncovered Parking
  • Off-Street Parking
  • Parking Included in Price
  • Zoned Parking Permit

Schools

  • Shoesmith Elementary School
  • Ray Elementary Middle School
  • Kenwood Academy High School

Utilities

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

Additional Features

  • Outdoor Storage
  • Property is near bus stop

Listing and Financial Details

  • Homeowner Tax Exemptions

Community Details

Overview

  • Association fees include heat, water, insurance, exterior maintenance, lawn care, scavenger, snow removal
  • 24 Units
  • Bebe Ferenac Association, Phone Number (312) 462-3554
  • Low-Rise Condominium
  • Property managed by Marian Realty

Recreation

  • Park
  • Bike Trail

Pet Policy

  • Cats Allowed

Additional Features

  • Community Storage Space
  • Storm Windows

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,667

Year Built

Built in 1929 | Remodeled in 2016

Lot Details

0

HOA Fees

$653 per month

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: Condo-Duplex,Low Rise (1-3 Stories)
  • Ownership: Condo
  • New Construction: No
  • Property Sub-Type: Condo-Duplex,Low Rise (1-3 Stories)
  • Year Built: 1929
  • Age: 91-100 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: School Bus Service,Commuter Bus,Commuter Train
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Unit Floor Level: 1
  • Rehab Year: 2016
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 3
  • Year Renovated: 2016

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Stainless Steel Appliance(s), Intercom, Electric Oven
  • Basement: Full
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bathrooms: 5
  • Total Bedrooms: 5
  • Interior Amenities: Hardwood Floors, Laundry Hook-Up in Unit, Storage, Built-in Features, Some Window Treatmnt
  • LivingArea: 3357
  • Other Equipment: Intercom
  • Room Type: Recreation Room, Bedroom 5, Foyer, Kitchen
  • Stories Total: 3
  • Estimated Total Finished Sq Ft: 3357
  • Basement Description: Finished,Rec/Family Area
  • Basement Bathrooms: Yes
  • Below Grade Bedrooms: 0
  • Dining Room: Separate
  • Total Sq Ft: 3357
  • Window Features: Screens,Storm Window(s)

Exterior Features

  • Foundation Details: Concrete Perimeter
  • OtherStructures: Storage
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Parking Features: Off Street, Zoned Permit
  • ParkingTotal: 1
  • Number of Cars: 1
  • Driveway: Asphalt,Circular
  • Parking: Space/s
  • Parking On-Site: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: None
  • Electric: Circuit Breakers
  • Heating: Natural Gas, Radiator(s)
  • Laundry Features: In Unit, Sink
  • Water Source: Lake Michigan, Public

Condo/Co-op/Association

  • Pets Allowed: Cats OK
  • Association Fee: 653
  • Association Amenities: Bike Room/Bike Trails, Storage, Park, Intercom, Public Bus, School Bus
  • Association Fee Frequency: Monthly
  • Management: Manager Off-site,Monday through Friday
  • Master Association Fee Frequency: Not Required
  • Management Company: Marian Realty
  • Management Contact Name: Bebe Ferenac
  • Management Phone: 312-462-3554

Fee Information

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

Schools

  • Elementary School: Shoesmith Elementary School
  • High School: Kenwood Academy High School
  • Middle/Junior School: Ray Elementary School

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: COMMON
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Pets Allowed (Y/N): Yes
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 5667.44
  • Tax Year: 2019
  • Tax Exemptions: Homeowner

Multi Family

  • Units in Building: 24

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 29, 2021
Closed on
Oct 5, 2021
Sold by
Kolata Alan L and Kolata Anna P
Bought by
Kolata Alan and Alan Kolata Living Trust
Seller's Agent
Marie Levesque
Compass
Buyer's Agent
Steve Dombar
Redfin Corporation
List Price
$574,900
Sold Price
$535,000
Premium/Discount to List
-$39,900
-6.94%
Current Estimated Value
$635,390

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$100,390
Avg. Annual Appreciation
3.91%
Original Mortgage
$401,250
Outstanding Balance
$357,806
Interest Rate
2.12%
Mortgage Type
New Conventional
Estimated Equity
$277,584

Purchase Details

Listed on
Apr 29, 2021
Closed on
Aug 12, 2021
Sold by
Talbott Adrian N and Talbott Sandra
Bought by
Kolata Alan L and Kolata Anna P
Seller's Agent
Marie Levesque
Compass
Buyer's Agent
Steve Dombar
Redfin Corporation
List Price
$574,900
Sold Price
$535,000
Premium/Discount to List
-$39,900
-6.94%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$401,250
Outstanding Balance
$357,806
Interest Rate
2.12%
Mortgage Type
New Conventional
Estimated Equity
$277,584

Purchase Details

Listed on
Mar 25, 2016
Closed on
Aug 1, 2016
Sold by
Schweickart Karen
Bought by
Talbott Adrian N
Seller's Agent
Stephen Parker
MetroPro Realty LLC
Buyer's Agent
Marie Levesque
Compass
List Price
$480,000
Sold Price
$480,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.16%
Original Mortgage
$240,000
Interest Rate
3.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 19, 2016
Sold by
David E Wellberry
Bought by
Sidky Emily and Reiser Ingrid

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$262,500
Interest Rate
3.58%

Purchase Details

Closed on
Aug 10, 2006
Sold by
Keller Thomas E and Field Shelly D
Bought by
Schweickart Karen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$441,600
Interest Rate
6.37%
Mortgage Type
Unknown

Purchase Details

Closed on
Oct 23, 2001
Sold by
American National Bk & Tr Co Of Chicago
Bought by
Aprker Stephen T and Parker Melinda W

Purchase Details

Closed on
Jul 31, 2000
Sold by
Parker Stephen T and Parker Melinda W
Bought by
Keller Thomas E and Field Shelly D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$252,700
Interest Rate
8.19%

Purchase Details

Closed on
Nov 24, 1997
Sold by
American National Bk & Tr Co Of Chicago
Bought by
Parker Stephen and Parker Melinda W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,000
Interest Rate
7.37%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Kolata Alan -- Chicago Title
Kolata Alan L $535,000 Chicago Title
Talbott Adrian N $480,000 Chicago Title Insurance Comp
Sidky Emily -- --
Schweickart Karen $552,000 Ticor Title Insurance
Aprker Stephen T -- --
Keller Thomas E $325,000 Chicago Title Insurance Co
Parker Stephen $170,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kolata Alan L $401,250
Previous Owner Talbott Adrian N $240,000
Previous Owner Sidky Emily $262,500
Previous Owner Sidky Emily --
Previous Owner Schweickart Karen $441,600
Previous Owner Keller Thomas E $252,700
Previous Owner Parker Stephen $136,000
Closed Keller Thomas E $16,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/26/2021 08/26/21 Sold $535,000 -6.9% $159 / Sq Ft
06/10/2021 06/10/21 Pending -- -- --
04/28/2021 04/28/21 For Sale $574,900 +19.8% $171 / Sq Ft
08/01/2016 08/01/16 Sold $480,000 0.0% $145 / Sq Ft View Prior Sale
05/13/2016 05/13/16 Pending -- -- --
03/25/2016 03/25/16 For Sale $480,000 -- $145 / Sq Ft
Source: Midwest Real Estate Data (MRED)

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 $7,418 $40,195 $6,350 $33,845
2024 $7,418 $40,195 $6,350 $33,845
2023 $7,166 $41,000 $5,121 $35,879
2022 $7,166 $41,000 $5,121 $35,879
2021 $7,575 $40,999 $5,120 $35,879
2020 $5,781 $29,052 $4,096 $24,956
2019 $5,667 $31,638 $4,096 $27,542
2018 $5,571 $31,638 $4,096 $27,542
2017 $6,241 $28,991 $3,379 $25,612
2016 $5,306 $28,991 $3,379 $25,612
2015 $4,832 $28,991 $3,379 $25,612
2014 $4,990 $29,465 $2,765 $26,700
2013 $4,881 $29,465 $2,765 $26,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11069414

Midwest Real Estate Data (MRED)

APN: 20-11-212-138-1023

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