NOT LISTED FOR SALE

1408 E 56th St Unit 2 Chicago, IL 60637

Hyde Park Neighborhood

Estimated Value: $307,000 - $352,000

3 Beds
1 Bath
-- Sq Ft
$516/mo HOA Fee

Last Sold July 20, 2018

Last sale price $255,000

Est. 30% increase in value since last sale

Current estimated payment $2,704/month

20 Days on Market

Highlights

  • Landscaped Professionally
  • Deck
  • Main Floor Bedroom
  • Kenwood Academy High School Rated A-
  • Wood Flooring
  • 4-minute walk to Bixler Park

About This Home

As of July 2018

Walk to everything in Hyde Park - campus, Metra, lakefront - from this delightful 3 bedroom, 1 bath condo. Nicely updated kitchen with in unit laundry that opens to a wonderful eating area/family space. The private back deck overlooks large grassy, gated back yard perfect for socializing, grilling, play and relaxation.Hassle free on street parking is complemneted by a courtesy drive for loading and temporary overflow parking. Very solid condo association, strong reserves, professionally managed. Assigned storage unit and bike room in basement. Welcome home!

Last Agent to Sell the Property

Madelaine Gerbaulet-Vanasse

Meliora Real Estate Group LLC License #471018872 Listed on: 06/01/2018

Last Buyer's Agent

Hui Li

Charles Rutenberg Realty of IL License #475170817

Charles Rutenberg Realty of IL

Property Details

Home Type

  • Condominium

Year Built

  • 1915

Lot Details

  • Southern Exposure
  • East or West Exposure
  • Fenced Yard
  • Landscaped Professionally

HOA Fees

  • $516 per month

Home Design

  • Brick Exterior Construction
  • Brick Foundation
  • Stone Foundation
  • Rubber Roof

Interior Spaces

  • Entrance Foyer
  • Dining Area
  • Storage
  • Wood Flooring
  • Unfinished Basement
  • Exterior Basement Entry

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • Bathroom on Main Level

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Home Security

Utilities

  • One Cooling System Mounted To A Wall/Window
  • Radiator
  • Lake Michigan Water
  • Cable TV Available

Additional Features

  • North or South Exposure
  • Deck
  • Property is near bus stop

Listing and Financial Details

  • Homeowner Tax Exemptions

Community Details

Pet Policy

  • Pets Allowed

Additional Features

  • Common Area
  • Storm Screens

Property Details

Home Type

Condominium

Year Built

1915

Lot Details

0

HOA Fees

$516 per month

Listing Details

  • Property Type: Attached Single
  • Built Before 1978 (Y/N): Yes
  • General Information: Commuter Bus, Commuter Train
  • Unit Floor Level: 2
  • Age: 100+ Years
  • Full Bathrooms: 1
  • Ownership: Condo
  • Total Full or Half Bathrooms: 1
  • Estimated Year Built: 1915
  • Tax Exemptions: Homeowner
  • Type Attached: Condo
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 3
  • Year Built: 1915

Interior Features

  • Interior Property Features: Hardwood Floors, 1st Floor Bedroom, 1st Floor Laundry, 1st Floor Full Bath, Laundry Hook-Up in Unit, Storage
  • Number Of Rooms: 6
  • Living Room: Dimensions: 16X13, On Level: Main Level, Flooring: Hardwood
  • Appliances: Oven/Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Disposal
  • Basement: Unfinished, Exterior Access
  • Bedrooms All Levels: 3
  • Above Grade Bedrooms: 3
  • Kitchen Type: Dimensions: 15X8, On Level: Main Level, Flooring: Ceramic Tile, Windows: None
  • Additional Rooms: Eating Area, Foyer, Deck
  • Master Bedroom: Dimensions: 16X11, On Level: Main Level, Flooring: Hardwood, Windows: Blinds
  • Additional Room 1 Name: Eating Area, Dimensions: 10X8, On Level: Main Level
  • Additional Room 2 Name: Foyer, Dimensions: 6X9, On Level: Main Level, Flooring: Hardwood, Windows: None
  • Bedroom 2: Dimensions: 16X10, On Level: Main Level, Flooring: Hardwood, Windows: Curtains/Drapes
  • Additional Room 3 Name: Deck, Dimensions: 11X6, On Level: Main Level, Flooring: Hardwood, Windows: None
  • Bedroom 3: Dimensions: 12X11, On Level: Main Level, Flooring: Hardwood, Windows: Blinds

Exterior Features

  • Foundation: Brick, Stone
  • Exterior Building Type: Brick
  • Roof Type: Rubber
  • Exterior Property Features: Deck, Storms/Screens, Cable Access
  • Exposure: N (North), S (South), E (East)

Utilities

  • Electricity: Circuit Breakers
  • Air Conditioner: 1 (Window/Wall Unit)
  • Water: Lake Michigan, Public
  • Sewer: Sewer-Public
  • Heating Fuel: Radiators

Condo/Co-op/Association

  • Max Pet Weight: 999
  • Pets Allowed: Yes
  • Fee Frequency: Monthly
  • Management: Manager Off-site
  • Pet Information: Cats OK, Dogs OK
  • Common Area Amenities: Bike Room/Bike Trails, Coin Laundry, Storage, Security Door Locks
  • Assessment Includes: Heat, Water, Gas, Common Insurance, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal
  • Assessment Association Fees: 516
  • Management Contact Name: Joan
  • Management Phone: 773-684-5400

Fee Information

  • Management Company: Marian realty

Schools

  • Junior High Dist: 299

Lot Info

  • Lot Dimensions: COMMON
  • Lot Description: Common Grounds, Fenced Yard, Landscaped Professionally
  • Parcel Identification Number: 20142030441011

Multi Family

  • Total Number Unitsin Building: 18
  • Number Stories: 3

Tax Info

  • Taxes: 3448

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 1, 2018
Closed on
Jul 13, 2018
Sold by
Lummen Patrick and Lummen Stefani
Bought by
Liu Ping
Seller's Agent
Madelaine Gerbaulet-Vanasse
Meliora Real Estate Group LLC
Buyer's Agent
Hui Li
Charles Rutenberg Realty of IL
List Price
$269,000
Sold Price
$255,000
Premium/Discount to List
-$14,000
-5.2%
Current Estimated Value
$332,590

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$77,590
Avg. Annual Appreciation
3.63%

Purchase Details

Listed on
Jul 8, 2013
Closed on
Mar 10, 2014
Sold by
Zhang Zhang and Han Yu
Bought by
Lummen Patrick and Lummen Stefani
Seller's Agent
Linda Ross
Baird & Warner
Buyer's Agent
Madelaine Gerbaulet-Vanasse
Meliora Real Estate Group LLC
List Price
$259,000
Sold Price
$223,000
Premium/Discount to List
-$36,000
-13.9%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.13%
Original Mortgage
$200,700
Interest Rate
4.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 13, 2008
Sold by
Paik Mary
Bought by
Zhang

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
6.42%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 17, 1999
Sold by
Chwe Michael Suk Young and Lee Nahmee
Bought by
Paik Mary

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
7.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 14, 1993
Sold by
Lee Hae Kyung and Lee Jung Sook
Bought by
Chwe Michael Suk Young and Lee Nahmee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$76,800
Interest Rate
7.15%
Mortgage Type
Purchase Money Mortgage
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
Liu Ping $255,000 Old Republic Title
Lummen Patrick $223,000 Stewart Title Company
Zhang $200,000 Chicago Title Insurance Co
Paik Mary $125,000 Chicago Title Insurance Co
Chwe Michael Suk Young $64,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lummen Patrick $200,700
Previous Owner Zhang $150,000
Previous Owner Paik Mary $125,000
Previous Owner Chwe Michael Suk Young $76,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/20/2018 07/20/18 Sold $255,000 -5.2% --
06/21/2018 06/21/18 Pending -- -- --
06/15/2018 06/15/18 For Sale $269,000 0.0% --
06/12/2018 06/12/18 Pending -- -- --
06/01/2018 06/01/18 For Sale $269,000 +20.6% --
03/14/2014 03/14/14 Sold $223,000 -6.7% -- View Prior Sale
02/04/2014 02/04/14 Pending -- -- --
01/09/2014 01/09/14 Price Changed $239,000 -4.0% --
08/06/2013 08/06/13 Price Changed $249,000 -3.9% --
07/08/2013 07/08/13 For Sale $259,000 -- --
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
2025 $5,355 $27,320 $5,295 $22,025
2024 $5,355 $27,320 $5,295 $22,025
2023 $5,202 $25,293 $4,270 $21,023
2022 $5,202 $25,293 $4,270 $21,023
2021 $5,086 $25,291 $4,269 $21,022
2020 $4,452 $19,983 $3,415 $16,568
2019 $4,372 $21,762 $3,415 $18,347
2018 $3,620 $21,762 $3,415 $18,347
2017 $3,516 $19,710 $2,818 $16,892
2016 $3,448 $19,710 $2,818 $16,892
2015 $3,612 $19,710 $2,818 $16,892
2014 $2,387 $15,434 $2,305 $13,129
2013 $2,329 $15,434 $2,305 $13,129
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD09970318

Midwest Real Estate Data (MRED)

APN: 20-14-203-044-1011