NOT LISTED FOR SALE

1501 W Cornelia Ave Unit 3 Chicago, IL 60657

Southport Corridor Neighborhood

Estimated Value: $373,000 - $466,000

2 Beds
1 Bath
1,100 Sq Ft
6,142 Sq Ft Lot Lot

Sale Details

Date Sold: November 29, 2023

Last sale price $295,000 $268 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $3,050 / mo

5 Days on Market

Highlights

  • Wood Flooring
  • 4-minute walk to Southport Station
  • Heated Enclosed Porch
  • Hamilton Elementary School Rated A-
  • Corner Lot
  • 3-minute walk to Sheil Park

About This Home

As of November 2023

Welcome to a blank canvas of possibilities! Nestled in a premier location, this home offers a unique investment opportunity. This spacious seven room, yes, seven room home, in the "01" tier is the largest layout in the building. This tier also has two exposures, both north and east, for superior natural light. For those with the desire and expertise to renovate, this condo presents a golden opportunity for substantial growth and a customized living space. This top floor home is conveniently located in the heart of the highly sought after Southport Corridor. You'll be a short walk to grocery, public transportation, trendy restaurants, boutique shops, and Wrigley Field. This home is priced to reflect its current condition and presents excellent value for investors or those looking to create their dream home. Bring your contractors, interior designers, and creative vision to unlock this property's full potential. Don't miss this opportunity to turn a diamond in the rough into the gem you've always dreamed of. While this home is currently functional, it is being sold as-is.

Last Agent to Sell the Property

Mathew Boemmel

Compass License #475149277 Listed on: 10/25/2023

Compass

Last Buyer's Agent

Jeffrey Lowe

Compass License #475154506

Compass

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,987

Year Built

  • Built in 1911

Lot Details

  • 6,142

HOA Fees

  • $378 Monthly HOA Fees

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 1,100 Sq Ft Home
  • 3-Story Property
  • Decorative Fireplace
  • Living Room with Fireplace
  • Formal Dining Room
  • Heated Enclosed Porch
  • Wood Flooring
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms
  • 1 Full Bathroom

Schools

  • Blaine Elementary School
  • Lake View High School

Utilities

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

Community Details

Overview

  • Association fees include heat, water, insurance, exterior maintenance, scavenger
  • 12 Units
  • Southport Corridor Subdivision

Pet Policy

  • Pets up to 50 lbs
  • Limit on the number of pets
  • Pet Size Limit
  • Dogs and Cats Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,987

Year Built

Built in 1911

Lot Details

6,142 Sq Ft Lot

HOA Fees

$378 per month

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: Flat,Vintage
  • Ownership: Condo
  • New Construction: No
  • Property Sub-Type: Flat,Vintage
  • Subdivision Name: Southport Corridor
  • Year Built: 1911
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Unit Floor Level: 3
  • New Construction Y/N: No
  • Actual Status: Closed
  • ResoPropertyType: Residential
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 3

Interior Features

  • Basement: Full
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace Features: Decorative
  • Fireplaces: 1
  • Interior Amenities: Hardwood Floors
  • LivingArea: 1100
  • Room Type: Enclosed Porch Heated, Enclosed Porch
  • Stories Total: 3
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: Unfinished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Separate
  • Fireplace Location: Living Room
  • Total Sq Ft: 0
  • ResoLivingAreaSource: Estimated

Exterior Features

  • Lot Features: Corner Lot
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Number of Cars: 0
  • Driveway: Other
  • Parking: None

Utilities

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

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK, Number Limit, Size Limit
  • Association Fee: 378
  • Association Fee Frequency: Monthly
  • Master Association Fee Frequency: Not Required
  • Management Company: None
  • Management Contact Name: None
  • Management Phone: 000-000-0000X0000
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Heat, Water, Insurance, Exterior Maintenance, Scavenger

Schools

  • Elementary School: Blaine Elementary School
  • High School: Lake View High School
  • Middle/Junior School: Blaine Elementary School

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: PER SURVEY
  • Rural (Y/N): N
  • Special Assessments: N
  • Zero Lot Line: No

Rental Info

  • Board Number: 8
  • Pets Allowed (Y/N): Yes
  • Max Pet Weight: 50

Tax Info

  • Tax Annual Amount: 2986.68
  • Tax Year: 2022

Multi Family

  • Units in Building: 12

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 25, 2023
Closed on
Nov 22, 2023
Sold by
Geoghegan Thomas H and Geoghegan Susan G
Bought by
Sarah A Heise Trust and Heise
Seller's Agent
Mathew Boemmel
Compass
Buyer's Agent
Jeffrey Lowe
Compass
List Price
$299,990
Sold Price
$295,000
Premium/Discount to List
-$4,990
-1.66%
Views
4
Current Estimated Value
$405,162

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$110,162
Avg. Annual Appreciation
14.22%
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
Sarah A Heise Trust $295,000 None Listed On Document
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/29/2023 11/29/23 Sold $295,000 -1.7% $268 / Sq Ft
10/30/2023 10/30/23 Pending -- -- --
10/25/2023 10/25/23 For Sale $299,990 -- $273 / 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 $5,703 $38,649 $11,563 $27,086
2024 $5,703 $38,649 $11,563 $27,086
2023 $5,521 $33,000 $9,325 $23,675
2022 $5,521 $33,000 $9,325 $23,675
2021 $5,430 $32,999 $9,325 $23,674
2020 $5,435 $29,981 $3,978 $26,003
2019 $5,321 $32,658 $3,978 $28,680
2018 $5,230 $32,658 $3,978 $28,680
2017 $4,085 $22,352 $3,481 $18,871
2016 $4,477 $22,352 $3,481 $18,871
2015 $3,272 $22,352 $3,481 $18,871
2014 $3,556 $21,734 $2,844 $18,890
2013 $3,475 $21,734 $2,844 $18,890
Source: Public Records

Agents Affiliated with this Home

  • Mathew Boemmel

    Seller's Agent in 2023

    Mathew Boemmel

    Compass

    (773) 719-0990

    2 in this area

    38 Total Sales

    Mathew Boemmel
    Section Image
  • Jeffrey Lowe

    Buyer's Agent in 2023

    Jeffrey Lowe

    Compass

    (312) 883-3030

    70 in this area

    1,001 Total Sales

    Jeffrey Lowe
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11877773

Midwest Real Estate Data (MRED)

APN: 14-20-309-034-1003

Illinois Cook County Chicago 60657 Southport Corridor

1501 W Cornelia Ave Unit 3, Chicago, IL

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) 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.
Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID

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