NOT LISTED FOR SALE

University Park 1401 E 55th St Unit 416N Chicago, IL 60615

Hyde Park Neighborhood

Estimated Value: $166,000 - $231,907

2 Beds
2 Baths
980 Sq Ft
$875/ mo HOA Fee

Last Sold April 26, 2023

Last sale price $125,000 $128 Per Sq Ft

Est. 62% increase in value since last sale

Current estimated payment $2,138/month

Highlights

  • 1 Car Attached Garage
  • Living Room
  • Heating System Uses Steam
  • Kenwood Academy High School Rated A-
  • Dining Room
  • 4-minute walk to Spruce Park

About This Home

As of April 2023

Rare opportunity! Turn this UPC 2 bedrooms and two bathrooms with 1 garage space into your dream house! Sale AS-IS. UPC features a fitness room, an outdoor pool, roof top, 24/7 door staff, on-site management, and shared laundry room in basement. There is a car wash and a package receiving room in the garage. Monthly assessment includes Heat, Water, Gas, Parking, Common Insurance, Security, Exterior Maintenance, Lawn Care, Snow Removal. Owners pay electric and internet only. Investor friendly building.

Last Agent to Sell the Property

Jinhong Wang

Concentric Realty Inc. License #471019579 Listed on: 03/07/2023

Concentric Realty Inc.

Last Buyer's Agent

Jinhong Wang

Concentric Realty Inc. License #471019579 Listed on: 03/07/2023

Concentric Realty Inc.

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,413

Year Built

  • Built in 1961

Lot Details

  • 5.61

HOA Fees

  • $875 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Parking Included in Price

Home Design

  • Concrete Block And Stucco Construction

Interior Spaces

  • 980 Sq Ft Home
  • Living Room
  • Dining Room

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms
  • 2 Full Bathrooms

Utilities

  • Two Cooling Systems Mounted To A Wall/Window
  • Heating System Uses Steam
  • Lake Michigan Water

Community Details

Overview

  • Association fees include heat, water, gas, parking, insurance, security, doorman, exterior maintenance, lawn care, scavenger, snow removal
  • 540 Units
  • Megan Association, Phone Number (773) 324-1414
  • Property managed by First Service residential
  • 10-Story Property

Pet Policy

  • Dogs and Cats Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,413

Year Built

Built in 1961

Lot Details

5.61 Acres

HOA Fees

$875 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: Condo
  • Ownership: Condo
  • New Construction: No
  • Property Sub-Type: Condo
  • Year Built: 1961
  • Age: 61-70 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: School Bus Service,Commuter Bus
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Unit Floor Level: 4
  • Actual Status: Closed
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 10

Interior Features

  • Basement: None
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 2
  • LivingArea: 980
  • 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
  • ResoLivingAreaSource: Estimated

Exterior Features

  • Waterfront: No
  • Exterior Building Type: Concrete

Garage/Parking

  • Garage Spaces: 1
  • Number of Cars: 1
  • Garage On-Site: Yes
  • Garage Type: Attached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Cooling: Window/Wall Units - 2
  • Heating: Steam
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK
  • Association Fee: 875
  • Association Fee Frequency: Monthly
  • Management: Manager On-site,Monday through Friday
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: First Service residential
  • Management Contact Name: Megan
  • Management Phone: 773-324-1414
  • ResoAssociationFeeFrequency: Monthly

Fee Information

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

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
  • Max Pet Weight: 999

Tax Info

  • Tax Annual Amount: 2412.86
  • Tax Year: 2021
  • Tax Exemptions: None

Multi Family

  • Units in Building: 540

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 7, 2023
Closed on
Mar 14, 2023
Sold by
Chu Samuel Sheung-Tak and Chu Lily Li-Min
Bought by
Wang Haiming
Seller's Agent
Jinhong Wang
Concentric Realty Inc.
Buyer's Agent
Jinhong Wang
Concentric Realty Inc.
List Price
$119,000
Sold Price
$125,000
Premium/Discount to List
$6,000
5.04%
Views
23
Current Estimated Value
$202,002

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$77,002
Avg. Annual Appreciation
15.58%
Original Mortgage
$93,700
Interest Rate
6.7%
Mortgage Type
New Conventional
Source: Public Records
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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
Wang Haiming $125,000 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Wang Haiming $93,700
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/26/2023 04/26/23 Sold $125,000 +5.0% $128 / Sq Ft
03/08/2023 03/08/23 Pending -- -- --
03/08/2023 03/08/23 For Sale $119,000 -- $121 / 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 $2,541 $16,334 $3,536 $12,798
2024 $2,541 $16,334 $3,536 $12,798
2023 $2,468 $12,000 $2,851 $9,149
2022 $2,468 $12,000 $2,851 $9,149
2021 $2,413 $11,999 $2,851 $9,148
2020 $2,053 $9,215 $2,281 $6,934
2019 $2,016 $10,035 $2,281 $7,754
2018 $1,982 $10,035 $2,281 $7,754
2017 $1,954 $9,078 $1,881 $7,197
2016 $1,818 $9,078 $1,881 $7,197
2015 $1,664 $9,078 $1,881 $7,197
2014 $2,062 $11,111 $1,539 $9,572
2013 $2,021 $11,111 $1,539 $9,572
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2023

    Jinhong Wang

    Concentric Realty Inc.

    (773) 653-1228

    71 in this area

    72 Total Sales

    Jinhong Wang
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About University Park

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11732772

Midwest Real Estate Data (MRED)

APN: 20-14-202-076-1138

Illinois Cook County Chicago 60615 Hyde Park

1401 E 55th St Unit 416N, Chicago, IL

Not Listed for Sale

Condos

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Midwest Real Estate Data (MRED) Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Based on information submitted to the MLS GRID

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