Park 1500 1500 W Monroe St Unit 523 Chicago, IL 60607
West Loop NeighborhoodEstimated payment $2,910/month
Total Views
391
2
Beds
2
Baths
--
Sq Ft
--
Price per Sq Ft
Highlights
- Lock-and-Leave Community
- Wood Flooring
- Resident Manager or Management On Site
- Skinner Elementary School Rated A-
- Balcony
- 5-minute walk to Skinner Park
About This Home
Don't miss an opportunity to purchase a potential huge investment in the West Loop! This 2-bedroom, 2-bathroom condo is located in the tier that is currently receiving structural repairs, which means it can't be occupied until all work is completed, with an expected completion date as early as the 2nd quarter of 2026. Along with the structural repairs, the unit will also be receiving new flooring and paint throughout. As an investment, similar units have been renting in the $3500-$4000 range, offering an almost guaranteed return on your money. For the patient owner/occupant, this is a unique situation in that you'll be avoiding the highly competitive Spring market next year and will be acquiring a very spacious home with a deeded garage parking space in one of Chicago's trendiest neighborhoods. The value is there, all you need is the patience!
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $7,146
Year Built
- Built in 2001
HOA Fees
- $680 Monthly HOA Fees
Parking
- 1 Car Garage
- Parking Included in Price
Home Design
- Brick Exterior Construction
- Stone Siding
Interior Spaces
- Window Screens
- Entrance Foyer
- Family Room
- Living Room with Fireplace
- Dining Room
Kitchen
- Range
- Microwave
- Freezer
- Dishwasher
Flooring
- Wood
- Carpet
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Potential Bedrooms
- 2 Full Bathrooms
Laundry
- Laundry Room
- Dryer
- Washer
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
- Lake Michigan Water
Additional Features
- Additional Parcels
Listing and Financial Details
- Homeowner Tax Exemptions
Community Details
Overview
- Association fees include water, insurance, doorman, exterior maintenance, scavenger
- 179 Units
- Manager Association, Phone Number (312) 666-5209
- Property managed by First Residential
- Lock-and-Leave Community
- 7-Story Property
Pet Policy
- Dogs and Cats Allowed
Additional Features
- Package Room
- Resident Manager or Management On Site
Map
About Park 1500
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Home Values in the Area
Average Home Value in this Area
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 | $6,624 | $12,963 | $1,494 | $11,469 |
| 2023 | $6,436 | $34,604 | $820 | $33,784 |
| 2022 | $6,436 | $34,604 | $820 | $33,784 |
| 2021 | $6,309 | $34,603 | $819 | $33,784 |
| 2020 | $5,886 | $29,435 | $819 | $28,616 |
| 2019 | $5,803 | $32,215 | $819 | $31,396 |
| 2018 | $5,703 | $32,215 | $819 | $31,396 |
| 2017 | $4,121 | $22,453 | $723 | $21,730 |
| 2016 | $3,997 | $22,453 | $723 | $21,730 |
| 2015 | $3,634 | $22,453 | $723 | $21,730 |
| 2014 | $3,279 | $20,242 | $296 | $19,946 |
| 2013 | $3,203 | $20,242 | $301 | $19,941 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/11/2025 08/11/25 | For Sale | $300,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | None Available | |
| Warranty Deed | $315,000 | Stewart Title Of Illinois | |
| Legal Action Court Order | $292,500 | -- | |
| Warranty Deed | -- | -- | |
| Special Warranty Deed | $273,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $253,647 | New Conventional | |
| Closed | $262,000 | Unknown | |
| Closed | $44,000 | Credit Line Revolving | |
| Closed | $264,700 | Unknown | |
| Closed | $252,000 | Purchase Money Mortgage | |
| Previous Owner | $297,500 | Purchase Money Mortgage | |
| Previous Owner | $248,000 | No Value Available | |
| Closed | $52,500 | No Value Available | |
| Closed | $31,500 | No Value Available |
Source: Public Records
Similar Homes in Chicago, IL
Source: Midwest Real Estate Data (MRED)
MLS Number: 12442545
APN: 17-17-101-045-1148
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