$288,000 - $328,000
RENTED SEP 23, 2024

Michigan 1400 1400 S Michigan Ave Unit 1805 Chicago, IL 60605

South Loop Neighborhood
1 Bed
1 Bath
-- Sq Ft
0.68 Acres

Last Sold March 21, 2022

Last sale price $330,000

Est. 5% decrease in value since last sale

Current estimated payment $2,208/month

Highlights

  • Doorman
  • Wood Flooring
  • Community Pool
  • Fitness Center
  • Corner Lot
  • 3-minute walk to Daniel Webster Park

About This Home

As of September 2024

Very well maintained high floor 1 bed + Den, 1 bath luxury high-rise condo unit. Private balcony, hardwood floors, granite countertops, floor to ceiling windows, beautifully updated finishes, amazing North City Skyline views. Stainless steel appliances, in-unit brand new washer/dryer. Lots of closet space, including the den that has been converted to another large walk-in closet. Full-amenity building includes 24-hour door person, large beautiful outdoor pool, fitness room, dog run, party room, onsite management and more. Utilities including basic cable, but not electricity are included. Centrally located and walking distance to Soldier Field and museum campus, lake, public transit, parks, and all the restaurants and retail that the South Loop has to offer. INDOOR HEATED PARKING spot 248 and storage locker 124 included in the lease. $1000 non-refundable move-in fee in lieu of security deposit to the landlord + building's non-refundable move-in fees of $400 and $300 refundable move-in/damage deposit.

Last Agent to Rent the Property

Sharon Rizzo

Compass License #471014385 Listed on: 03/21/2024

Compass

Co-Listed By

Rick Panlilio

Compass License #475151273

Last Renter's Agent

Asiye Bakirman

Compass License #473018179

Compass

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,705

Year Built

  • Built in 2008

Lot Details

  • 0.68

Parking

  • 1 Car Attached Garage
  • Heated Garage
  • Garage Door Opener
  • Parking Included in Price

Home Design

  • Concrete Block And Stucco Construction
  • Concrete Perimeter Foundation

Interior Spaces

  • Combination Dining and Living Room
  • Den
  • Wood Flooring

Kitchen

  • Range<<rangeHoodToken>>
  • <<microwave>>
  • Dishwasher

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Potential Bedroom
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Home Security

Outdoor Features

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • 200+ Amp Service
  • Lake Michigan Water
  • Cable TV Available

Listing and Financial Details

  • Property Available on 4/15/24
  • Rent includes cable TV, gas, heat, water, parking, pool, scavenger, doorman, exterior maintenance, lawn care, storage lockers, snow removal
  • 12 Month Lease Term

Community Details

Overview

  • 260 Units
  • High-Rise Condominium
  • 28-Story Property

Amenities

  • Doorman
  • Sundeck
  • Party Room
  • Elevator
  • Service Elevator
  • Package Room

Recreation

  • Bike Trail

Pet Policy

  • Limit on the number of pets
  • Pet Size Limit
  • Pet Deposit Required
  • Dogs and Cats Allowed

Security

  • Resident Manager or Management On Site
  • Storm Screens
  • Carbon Monoxide Detectors
  • Fire Sprinkler System

Condo Details

Home Type

Condominium

Est. Annual Taxes

$5,705

Year Built

Built in 2008

Lot Details

0

Parking

1

Rental Info

  • Available Date: 2024-04-15
  • Lease Term: 12 Months
  • Board Approval: No
  • Board Number: 8
  • Pets Allowed (Y/N): Yes
  • Type of Rental Property: Attached
  • Rental Price: 2500
  • Security Deposit: 0
  • Is Parking Included in Price: Yes
  • Fees/Approvals: Credit Report,Move-in Fee,Move Out Fee,Refundable Damage Deposit
  • Max Pet Weight: 999

Listing Details

  • Property Type: Residential Lease
  • Property Type: Residential Lease
  • Type Attached: Condo,High Rise (7+ Stories)
  • Property Sub-Type: Attached
  • Year Built: 2008
  • Age: 16-20 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: 18
  • ResoPropertyType: ResidentialLease
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 28

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer
  • Basement: None
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 1
  • Furnished: No
  • Interior Amenities: Hardwood Floors, Laundry Hook-Up in Unit
  • Other Equipment: TV-Cable, Fire Sprinklers, CO Detectors
  • Room Type: Den, Balcony/Porch/Lanai
  • Stories Total: 28
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: None
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Combined w/ LivRm
  • Total Sq Ft: 0
  • Total Sq Ft: 0

Exterior Features

  • ExteriorFeatures: Balcony, Storms/Screens
  • Foundation Details: Concrete Perimeter
  • List Price: 2500
  • Lot Features: Corner Lot
  • Waterfront: No
  • Exterior Building Type: Concrete

Garage/Parking

  • Garage Spaces: 1
  • ParkingTotal: 1
  • Garage Details: Garage Door Opener(s),Heated
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer, Sewer-Storm
  • Cooling: Central Air
  • Electric: 200+ Amp Service
  • Heating: Natural Gas
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Deposit Required, Dogs OK, Number Limit, Size Limit
  • Association Amenities: Bike Room/Bike Trails, Door Person, Elevator(s), Exercise Room, Storage, On Site Manager/Engineer, Party Room, Sundeck, Pool, Receiving Room, Service Elevator(s)
  • Rent Includes: Cable TV, Gas, Heat, Water, Parking, Pool, Scavenger, Doorman, Exterior Maintenance, Lawn Care, Storage Lockers, Snow Removal
  • Management: Manager On-site,Monday through Friday

Schools

  • Middle/Junior School District: 299

Lot Info

  • Lot Dimensions: COMMON

Multi Family

  • Units in Building: 260

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 7, 2022
Closed on
Mar 29, 2022
Sold by
Lyman Stefan and Hernandez Katherine Lyman
Bought by
Gomez Yamileth Rangel
Seller's Agent
Arkadiusz Szejgiec
Coldwell Banker Real Estate Group
Buyer's Agent
Elizabeth Rios Martinez
Berkshire Hathaway HomeServices Chicago
List Price
$300,000
Sold Price
$330,000
Premium/Discount to List
$30,000
10%
Current Estimated Value
$312,868

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$17,132
Avg. Annual Appreciation
-2.04%
Original Mortgage
$320,100
Outstanding Balance
$303,668
Interest Rate
4.42%
Estimated Equity
$4,477

Purchase Details

Listed on
Feb 7, 2022
Closed on
Mar 19, 2022
Sold by
Lyman Stefan and Hernandez Katherine Lyman
Bought by
Gomez Yamileth Rangel
Seller's Agent
Arkadiusz Szejgiec
Coldwell Banker Real Estate Group
Buyer's Agent
Elizabeth Rios Martinez
Berkshire Hathaway HomeServices Chicago
List Price
$300,000
Sold Price
$330,000
Premium/Discount to List
$30,000
10%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,100
Outstanding Balance
$303,668
Interest Rate
4.42%
Estimated Equity
$4,477

Purchase Details

Closed on
Dec 31, 2017
Sold by
Lyman Maria C
Bought by
Lyman Stefan and Hernandez Katherine Lyman
Source: Public Records

Range of Values:

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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
Gomez Yamileth Rangel $330,000 --
Gomez Yamileth Rangel $330,000 --
Lyman Stefan -- Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gomez Yamileth Rangel $320,100
Closed Gomez Yamileth Rangel $320,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/23/2024 09/23/24 Rented $2,550 +2.0% --
04/12/2024 04/12/24 Under Contract -- -- --
03/21/2024 03/21/24 For Rent $2,500 0.0% --
03/21/2022 03/21/22 Sold $330,000 +10.0% $400 / Sq Ft
02/10/2022 02/10/22 Pending -- -- --
02/07/2022 02/07/22 For Sale $300,000 -- $363 / 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 $5,705 $26,469 $1,535 $24,934
2023 $5,561 $26,952 $1,240 $25,712
2022 $5,561 $26,952 $1,240 $25,712
2021 $5,436 $26,951 $1,240 $25,711
2020 $5,795 $26,014 $1,014 $25,000
2019 $5,691 $28,325 $1,014 $27,311
2018 $5,595 $28,325 $1,014 $27,311
2017 $3,919 $18,205 $799 $17,406
2016 $3,646 $18,205 $799 $17,406
2015 $3,336 $18,205 $799 $17,406
2014 $3,278 $17,669 $302 $17,367
Source: Public Records

Agents Affiliated with this Home

  • Sharon Rizzo

    Landlord's Agent in 2024

    Sharon Rizzo

    Compass

    (312) 953-4086

    1 in this area

    263 Total Sales

    Sharon Rizzo
    Section Image
  • Rick Panlilio

    Landlord's Co-Listing Agent in 2024

    Rick Panlilio

    Compass

    40 Total Sales

    Rick Panlilio
    Section Image
  • Arkadiusz Szejgiec

    Seller's Agent in 2022

    Arkadiusz Szejgiec

    Coldwell Banker Real Estate Group

    (773) 701-3046

    1 in this area

    27 Total Sales

    Arkadiusz Szejgiec
    Section Image
  • Elizabeth Rios Martinez

    Buyer's Agent in 2022

    Elizabeth Rios Martinez

    Berkshire Hathaway HomeServices Chicago

    (310) 497-9160

    1 in this area

    86 Total Sales

    Elizabeth Rios Martinez
    Section Image
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About Michigan 1400

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12010012

Midwest Real Estate Data (MRED)

APN: 17-22-107-080-1144

Illinois Cook County Chicago 60605 South Loop

1400 S Michigan Ave Unit 1805, Chicago, IL

This home is located at 1400 S Michigan Ave Unit 1805, Chicago, IL 60605 since 21 March 2024 and is currently priced at $312,868. This property was built in 2008. 1400 S Michigan Ave Unit 1805 is a home located in Cook County with nearby schools including South Loop Elementary School, Wendell Phillips Academy High School, and Old St. Marys School.

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