NOT LISTED FOR SALE

1400 E 55th Place Unit 503S Chicago, IL 60637

Hyde Park Neighborhood

Estimated Value: $135,203 - $146,000

1 Bed
1 Bath
700 Sq Ft
$684/mo HOA Fee

Last Sold February 21, 2024

Last sale price $117,000 $167 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $1,582/month

27 Days on Market

Highlights

  • Fitness Center
  • Pool House
  • Lock-and-Leave Community
  • Kenwood Academy High School Rated A-
  • Rooftop Deck
  • Party Room

About This Home

As of February 2024

1br 1 bath RENTABLE condo. Private seller - fast closing. Regular closing no short sale or foreclosure. Property will sell with clean title, no back taxes. Broker owned property. No survey. Hard money loan OK if you can provide several examples of properties you bought using hard money. Property comes with a heated garage space #28DE that can be rented out separately from the unit. Pets allowed. Assessment include: on-site management office, 24 hrs security, water, heat, TV cable, lawn care, scavenger and snow removal. Coin laundry and Storage Locker on premises. Swimming pool, sundeck, party room, exercise room, bike storage, and receiving room. Close to University of Chicago and Hospital. It is located on UChicago shuttle route, walking distance to the beach, Museum of Science and Industry, restaurants, hospital, public transportation.

Last Agent to Sell the Property

Marcin Grzesiak

Magiera City LLC License #471022841 Listed on: 01/06/2024

Last Buyer's Agent

Ali Gursoy

DeGras Hill Properties, Inc. License #471018823

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,851

Year Built

  • Built in 1963

Lot Details

  • 5.61

HOA Fees

  • $684 Monthly HOA Fees

Parking

  • 1 Car Detached Garage
  • Heated Garage
  • Parking Included in Price

Home Design

  • 700 Sq Ft Home
  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Potential Bedroom
  • 1 Full Bathroom

Accessible Home Design

  • Accessibility Features
  • Doors are 32 inches wide or more

Pool

  • Pool House
  • In Ground Pool

Outdoor Features

  • Rooftop Deck
  • Outdoor Storage

Utilities

  • Two Cooling Systems Mounted To A Wall/Window
  • Baseboard Heating
  • Lake Michigan Water
  • Cable TV Available

Community Details

Overview

  • Association fees include heat, water, gas, security, doorman, exterior maintenance, lawn care, scavenger, snow removal, internet
  • 500 Units
  • Richard Association, Phone Number (773) 324-1414
  • High-Rise Condominium
  • Property managed by University Park
  • Lock-and-Leave Community
  • 10-Story Property

Amenities

  • Party Room
  • Coin Laundry
  • Package Room
  • Community Storage Space
  • Elevator

Recreation

  • Fitness Center
  • Community Pool
  • Bike Trail

Pet Policy

  • Limit on the number of pets
  • Dogs and Cats Allowed

Security

  • Security Service
  • Resident Manager or Management On Site

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,851

Year Built

Built in 1963

Lot Details

0

HOA Fees

$684 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: Condo,High Rise (7+ Stories)
  • Ownership: Condo
  • New Construction: No
  • Property Sub-Type: Condo,High Rise (7+ Stories)
  • Year Built: 1963
  • Age: 61-70 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: Yes
  • General Information: School Bus Service,Commuter Bus,Commuter Train,Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Unit Floor Level: 5
  • Actual Status: Closed
  • ResoPropertyType: Residential
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 10

Interior Features

  • Basement: None
  • Accessibility Features: Door Width 32 Inches or More
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 1
  • Interior Amenities: Elevator
  • LivingArea: 700
  • Room Type: No additional rooms
  • Stories Total: 10
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: None
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 0

Exterior Features

  • ExteriorFeatures: Roof Deck, In Ground Pool, Cable Access
  • OtherStructures: Pool House, Garage(s), Storage
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 1
  • ParkingTotal: 1
  • Garage Details: Heated
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Cooling: Window/Wall Units - 2
  • Heating: Baseboard
  • Laundry Features: Common Area
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK, Number Limit
  • Association Fee: 684
  • Association Amenities: Bike Room/Bike Trails, Coin Laundry, Elevator(s), Exercise Room, Storage, Health Club, On Site Manager/Engineer, Party Room, Pool, Receiving Room, Security Door Lock(s), In Ground Pool, Security
  • Association Fee Frequency: Monthly
  • Management: Manager On-site,Monday through Sunday
  • Master Association Fee Frequency: Not Required
  • Management Company: University Park
  • Management Contact Name: Richard
  • Management Phone: 773-324-1414
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Heat, Water, Gas, Security, Doorman, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal, Internet

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: COMMON
  • Rural (Y/N): N
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Pets Allowed (Y/N): Yes
  • Is Parking Included in Price: Yes
  • Max Pet Weight: 999

Tax Info

  • Tax Annual Amount: 1850.91
  • Tax Year: 2022
  • Tax Exemptions: None

Multi Family

  • Units in Building: 500

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 6, 2024
Closed on
Feb 22, 2024
Sold by
Sylva Llc
Bought by
Long Yanan
Seller's Agent
Marcin Grzesiak
Magiera City LLC
Buyer's Agent
Ali Gursoy
DeGras Hill Properties, Inc.
List Price
$119,000
Sold Price
$117,000
Premium/Discount to List
-$2,000
-1.68%
Views
63
Current Estimated Value
$141,051

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$24,051
Avg. Annual Appreciation
10.63%

Purchase Details

Closed on
Oct 17, 2023
Sold by
Intercounty Judicial Sales Cor
Bought by
Sylva Llc

Purchase Details

Closed on
Oct 25, 1999
Sold by
Kowalczewski Doreen M
Bought by
Mcmullan Lisa V

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$44,000
Interest Rate
7.72%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Long Yanan $117,000 None Listed On Document
Sylva Llc $29,000 None Listed On Document
Mcmullan Lisa V $55,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mcmullan Lisa V $44,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/21/2024 02/21/24 Sold $117,000 -1.7% $167 / Sq Ft
02/03/2024 02/03/24 Pending -- -- --
02/01/2024 02/01/24 For Sale $119,000 0.0% $170 / Sq Ft
01/17/2024 01/17/24 Pending -- -- --
01/06/2024 01/06/24 For Sale $119,000 -- $170 / 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 $1,906 $11,893 $2,575 $9,318
2023 $1,851 $9,000 $2,076 $6,924
2022 $1,851 $9,000 $2,076 $6,924
2021 $1,810 $8,999 $2,076 $6,923
2020 $1,495 $6,709 $1,660 $5,049
2019 $1,468 $7,306 $1,660 $5,646
2018 $1,443 $7,306 $1,660 $5,646
2017 $1,423 $6,610 $1,370 $5,240
2016 $1,324 $6,610 $1,370 $5,240
2015 $1,211 $6,610 $1,370 $5,240
2014 $1,501 $8,091 $1,121 $6,970
2013 $1,472 $8,091 $1,121 $6,970
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11957114

Midwest Real Estate Data (MRED)

APN: 20-14-202-076-1292