NOT LISTED FOR SALE

1516 S Wabash Ave Unit 305 Chicago, IL 60605

South Loop Neighborhood

Estimated Value: $354,000 - $437,000

2 Beds
2 Baths
1,250 Sq Ft
$626/mo HOA Fee

Last Sold June 28, 2019

Last sale price $360,000 $288 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $3,403/month

27 Days on Market

Highlights

  • Stainless Steel Appliances
  • Balcony
  • Kitchen Island
  • South Loop Elementary School Rated 9+
  • Storage
  • 1-minute walk to Coliseum Park

About This Home

As of June 2019

Are you ready for your new home? This sun-filled unit has been completed updated, brand new kitchen w/ a great center island for entertaining or a casual dinner. You'll love the fresh white 42" cabinetry and contemporary backsplash along w/all new countertops, & all new flooring throughout the entire unit. Split 2 bedroom/2 bath with a large open living/dining area. Enjoy a glass of wine on your huge outdoor balcony, located right off of the dining area, with an unobstructed view of downtown skyscrapers. Or sit and relax in front of the fireplace on a cold winter's night. You'll love the location in the heart of the beautiful, green south loop. Walk to shops, restaurants, several parks and playgrounds, the Field Museum campus, Millennium Park, and public transportation. Two blocks away from South Loop Elementary, one of Chicago's top K-8 public schools, and in the center of the very active South Loop Moms-and-Tots group. One parking space included in the price!

Last Agent to Sell the Property

Gary Lucido

Lucid Realty, Inc. License #471004524 Listed on: 05/02/2019

Co-Listed By

Denise Mitchell

Lucid Realty, Inc. License #475122169

Last Buyer's Agent

Gia Devenyi

Jameson Sotheby's Intl Realty License #475146289

Jameson Sotheby's Intl Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $7,676

Year Built | Renovated

  • 1920 | 2019

Lot Details

  • 0.39

HOA Fees

  • $626 per month

Home Design

  • Brick Exterior Construction

Interior Spaces

  • Primary Bathroom is a Full Bathroom
  • Gas Log Fireplace
  • Storage

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Kitchen Island

Laundry

  • Dryer
  • Washer

Home Security

Parking

  • Parking Available
  • Parking Included in Price

Utilities

  • Central Air
  • Heating System Uses Gas
  • Lake Michigan Water

Additional Features

  • Balcony
  • Property is near a bus stop

Community Details

Pet Policy

  • Pets Allowed

Security

  • Storm Screens

Property Details

Home Type

Condominium

Est. Annual Taxes

$7,676

Year Built | Renovated

1920 | 2019

Lot Details

0

HOA Fees

$626 per month

Listing Details

  • Property Type: Attached Single
  • Built Before 1978 (Y/N): Yes
  • General Information: Commuter Bus, Commuter Train
  • Recent Rehab: Yes
  • Unit Floor Level: 3
  • Age: 91-100 Years
  • Full Bathrooms: 2
  • Number Interior Fireplaces: 1
  • Ownership: Condo
  • Rehab Year: 2019
  • Total Full or Half Bathrooms: 2
  • Estimated Year Built: 1920
  • Type Attached: Condo, Condo-Loft
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 11
  • Year Built: 1920
  • Year Renovated: 2019

Interior Features

  • Interior Property Features: Elevator, Laundry Hook-Up in Unit, Storage
  • Number Of Rooms: 5
  • Living Room: Dimensions: 22X16, On Level: Main Level, Flooring: Other
  • Appliances: Oven/Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, All Stainless Steel Kitchen Appliances
  • Fireplace Details: Gas Logs, Gas Starter
  • Fireplace Location: Living Room
  • Bedrooms All Levels: 2
  • Primary Bedroom Bath: Full
  • Above Grade Bedrooms: 2
  • Dining Room: Dimensions: COMBO, On Level: Main Level
  • Kitchen Type: Dimensions: 12X6, On Level: Main Level, Flooring: Other
  • Kitchen Type: Island
  • Additional Rooms: Balcony
  • Master Bedroom: Dimensions: 11X15, On Level: Main Level
  • Additional Room 1 Name: Balcony, Dimensions: 5X12, On Level: Main Level
  • Bedroom 2: Dimensions: 11X13, On Level: Main Level
  • Estimated Sq Ft: 1250
  • Dining Room Type: Combined w/ LivRm

Exterior Features

  • Exterior Building Type: Brick
  • Exterior Property Features: Balcony, Storms/Screens

Garage/Parking

  • Number of Cars: 1
  • Parking: Space/s
  • Number Parking Spaces: 1
  • Parking On Site: Yes
  • Parking Included In Price: Yes

Utilities

  • Air Conditioner: Central Air
  • Water: Lake Michigan
  • Sewer: Sewer-Public
  • Heating Fuel: Gas

Condo/Co-op/Association

  • Max Pet Weight: 999
  • Pets Allowed: Yes
  • Fee Frequency: Monthly
  • Pet Information: Cats OK, Dogs OK
  • Common Area Amenities: Elevator, Exercise Room, Storage
  • Assessment Includes: Water, Parking, Common Insurance, Security, TV/Cable, Exterior Maintenance, Scavenger, Snow Removal, Internet Access
  • Assessed Sq Ft: 1250
  • Assessment Association Fees: 626
  • Management Contact Name: Oscar Hernandez
  • Management Phone: 312-850-3251X4003

Fee Information

  • Management Company: Phoenix Rising

Schools

  • School District: 299
  • Elementary School: South Loop Elementary School
  • Middle School: South Loop Elementary School
  • Junior High Dist: 299

Lot Info

  • Lot Dimensions: COMMON
  • Parcel Identification Number: 17221060741026

Multi Family

  • Total Number Unitsin Building: 78
  • Number Stories: 11

Tax Info

  • Taxes: 5088.45

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 2, 2019
Closed on
Jun 20, 2019
Sold by
Day Billie Jo and Ablaev Arsen
Bought by
Logan Katherine
Seller's Agent
Gary Lucido
Lucid Realty, Inc.
Buyer's Agent
Gia Devenyi
Jameson Sotheby's Intl Realty
List Price
$374,888
Sold Price
$360,000
Premium/Discount to List
-$14,888
-3.97%
Current Estimated Value
$395,234

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$35,234
Avg. Annual Appreciation
1.51%
Original Mortgage
$324,000
Interest Rate
5.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 7, 2011
Sold by
Cartus Financial Corporation
Bought by
Arsen Day Billie Jo and Arsen Ablaw

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,250
Interest Rate
2.75%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Oct 31, 2011
Sold by
Jorgensen Bush Angela R
Bought by
Cartus Financial Corporation

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,250
Interest Rate
2.75%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Nov 27, 2006
Sold by
Ignasak Robert L and Ignasak Krista M
Bought by
Jorgensen Bush Angela R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$47,700
Interest Rate
6.33%
Mortgage Type
Unknown

Purchase Details

Closed on
Nov 17, 2003
Sold by
Drake Guy H and Drake Mischelle C
Bought by
Ignasak Robert L and Ignasak Krista M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$246,000
Interest Rate
6.08%
Mortgage Type
Unknown

Purchase Details

Closed on
Apr 9, 1999
Sold by
1516 Wabash Associates Inc
Bought by
Drake Guy H and Drake Mischelle C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$173,900
Interest Rate
6.94%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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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
Logan Katherine $360,000 Landtrust National Title
Arsen Day Billie Jo $227,000 Mutliple
Cartus Financial Corporation $227,000 None Available
Jorgensen Bush Angela R $318,000 Ticor
Ignasak Robert L $273,500 Multiple
Drake Guy H $179,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Logan Katherin $324,000
Closed Logan Katherine $324,000
Previous Owner Arsen Day Billie Jo $170,250
Previous Owner Bush Angela R Jorgensen $47,700
Previous Owner Jorgensen Bush Angela R $254,400
Previous Owner Ignasak Robert L $246,000
Previous Owner Drake Guy H $216,000
Previous Owner Drake Guy H $173,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/28/2019 06/28/19 Sold $360,000 -4.0% $288 / Sq Ft
05/29/2019 05/29/19 Pending -- -- --
05/02/2019 05/02/19 For Sale $374,888 +65.1% $300 / Sq Ft
07/13/2012 07/13/12 Sold $227,000 -3.3% --
05/29/2012 05/29/12 Pending -- -- --
05/10/2012 05/10/12 Price Changed $234,731 -1.7% --
04/12/2012 04/12/12 Price Changed $238,731 -2.5% --
03/20/2012 03/20/12 Price Changed $244,731 -1.6% --
02/15/2012 02/15/12 Price Changed $248,731 -2.4% --
01/31/2012 01/31/12 For Sale $254,731 -- --
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 $7,676 $35,451 $4,462 $30,989
2023 $7,482 $36,264 $3,590 $32,674
2022 $7,482 $36,264 $3,590 $32,674
2021 $7,314 $36,263 $3,590 $32,673
2020 $6,636 $29,790 $2,949 $26,841
2019 $5,828 $32,435 $2,949 $29,486
2018 $5,728 $32,435 $2,949 $29,486
2017 $5,088 $27,013 $2,436 $24,577
2016 $4,910 $27,013 $2,436 $24,577
2015 $4,950 $27,013 $2,436 $24,577
2014 $4,336 $23,371 $2,179 $21,192
2013 $4,251 $23,371 $2,179 $21,192
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10364868

Midwest Real Estate Data (MRED)

APN: 17-22-106-074-1026