NOT LISTED FOR SALE

1516 S Wabash Ave Unit 501 Chicago, IL 60605

South Loop Neighborhood

Estimated Value: $355,000 - $464,000

2 Beds
2 Baths
-- Sq Ft
0.39 Acres

Highlights

  • Wood Flooring
  • Balcony
  • Storage
  • South Loop Elementary School Rated 9+
  • Attached Garage
  • 1-minute walk to Coliseum Park

About This Home

As of June 2016

Beautiful and bright south loop condo in the historic Landmark Lofts. This 2 bedroom, 1 1/2 bath unit offers an open floor plan flanked by a wall of windows with unobstructed, east facing views. Exposed brick and hardwood floors are complimented by Restoration Hardware paint, a gas fireplace, 20+ ft ceilings and a large balcony where you can enjoy those warm summer nights. Conveniences like custom closets and in-unit laundry round out this great place to live. Rent includes one heated garage space. A 2nd outdoor space is available for $150/month. Available July 8. No pets, non-smoking unit.

Last Agent to Rent the Property

Courtney Ramirez

Baird & Warner License #475161569 Listed on: 05/20/2016

Co-Listed By

Margarita Lopez

Baird & Warner, Inc. License #475156324

Last Renter's Agent

Wendy Dockter

@properties Christie's International Real Estate License #471011162

@properties Christie's International Real Estate

Property Details

Home Type

  • Other

Est. Annual Taxes

  • $7,381

Year Built

  • 1999

Lot Details

  • 0.39

Parking

  • Attached Garage
  • Heated Garage
  • Parking Available
  • Off-Street Parking
  • Parking Included in Price

Home Design

  • Brick Exterior Construction

Interior Spaces

  • Primary Bathroom is a Full Bathroom
  • Elevator
  • Fireplace With Gas Starter
  • Combination Dining and Living Room
  • Storage
  • Washer and Dryer Hookup
  • Wood Flooring
  • Kitchen Island

Home Security

  • Door Monitored By TV
  • Storm Screens

Additional Features

  • Balcony
  • East or West Exposure
  • Property is near a bus stop
  • Heating System Uses Gas

Property Details

Home Type

Other

Est. Annual Taxes

$7,381

Year Built

1999

Lot Details

0

Parking

1

Rental Info

  • Available: 07/08/2016
  • Lease Terms: 1 Year Lease
  • Monthly Lot Rental Included: Parking
  • Security Deposit: 2250

Listing Details

  • Property Type: Residential Rental
  • General Information: Commuter Bus, Commuter Train, Interstate Access, Non-Smoking Unit
  • Type Attached: Condo
  • Unit Floor Level: 5
  • Age: 16-20 Years
  • Special Features: None
  • Stories: 11
  • Year Built: 1999

Interior Features

  • Appliances: Oven/Range, Microwave, Dishwasher, Refrigerator
  • Fireplaces: 1
  • Interior Property Features: Elevator, Hardwood Floors, Laundry Hook-Up in Unit, Storage
  • Number Of Rooms: 5
  • Fireplace Details: Gas Starter
  • Fireplace Location: Living Room
  • Bedrooms All Levels: 2
  • Master Bedroom Level: Main Level
  • Master Bedroom Size: 16X16
  • Master Bedroom Flooring: Carpet
  • Primary Bedroom Bath: Full
  • Second Bedroom Level: Main Level
  • Second Bedroom Size: 12X10
  • Second Bedroom Flooring: Carpet
  • Living Room Level: Main Level
  • Living Room Size: 24X16
  • Living Room Flooring: Hardwood
  • Dining Room: Combined w/ LivRm
  • Dining Room Level: Main Level
  • Dining Room Size: COMBO
  • Dining Room Flooring: Hardwood
  • Kitchen Type: Island
  • Kitchen Level: Main Level
  • Kitchen Size: 16X14
  • Kitchen Flooring: Hardwood
  • Additional Rooms: No additional rooms

Exterior Features

  • Exterior Building Type: Brick
  • Exterior Property Features: Balcony, Storms/Screens, Door Monitored By TV
  • Exposure: E (East)

Garage/Parking

  • Number of Cars: 2
  • Parking: Garage, Space/s
  • Parking Details: Off Street
  • Number Parking Spaces: 1
  • Parking On Site: Yes
  • Garage Type: Attached
  • Garage Details: Heated
  • Garage On Site: Yes
  • Number Garage Spaces: 1
  • Parking Included In Price: Yes
  • Parking Ownership: Owned

Utilities

  • Cooling: Central Air
  • Water: Public
  • Sewer: Sewer-Public
  • Heating Fuel: Gas

Condo/Co-op/Association

  • Management: Manager Off-site
  • Pet Information: No Pets
  • Common Area Amenities: Elevator, Exercise Room, Storage, Party Room, Security Door Locks

Fee Information

  • Management Company: Phoenix Rising

Schools

  • Junior High Dist: 299

Lot Info

  • Lot Dimensions: COMMON

Multi Family

  • Total Number Unitsin Building: 76

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 11, 2017
Sold by
Ephraim Yerachmiel and Ephraim Sonya N
Bought by
Desser Stefanie
Current Estimated Value
$398,777

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$262,500
Interest Rate
3.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 23, 2013
Sold by
Ephraim Yerachmiel and Ephraim Sonya
Bought by
Gemini Trust

Purchase Details

Closed on
May 25, 2006
Sold by
Grapenthin Lawrence M and Grapenthin Carrie L
Bought by
Ephraim Yerachmiel and Ephraim Sonya

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$281,600
Interest Rate
5.87%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Mar 31, 2003
Sold by
Mcclellan Benjamin and Mayer Madeleine
Bought by
Grapenthin Lawrence M and Fischer Carrie L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$256,500
Interest Rate
5.59%

Purchase Details

Closed on
Feb 14, 2000
Sold by
1516 Wabash Associates Inc
Bought by
Mcclellan Benjamin and Mayer Madeleine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$206,126
Interest Rate
8.16%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Desser Stefanie $350,000 Barrister Title
Gemini Trust -- None Available
Ephraim Yerachmiel $352,000 Atgf Inc
Grapenthin Lawrence M $270,000 --
Mcclellan Benjamin $229,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Desser Stefanie $251,000
Closed Desser Stefanie $262,500
Previous Owner Ephraim Yerachmiel $20,000
Previous Owner Ephraim Yerachmiel $281,600
Previous Owner Ephraim Sonya $281,600
Previous Owner Ephraim Yerachmiel $52,800
Previous Owner Grapenthin Lawrence M $256,500
Previous Owner Mcclellan Benjamin $204,000
Previous Owner Mayer Madeleine $206,126
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/09/2016 06/09/16 Rented $2,250 0.0% --
06/05/2016 06/05/16 Under Contract -- -- --
05/20/2016 05/20/16 For Rent $2,250 -- --
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 $7,381 $34,090 $4,291 $29,799
2023 $7,195 $34,871 $3,452 $31,419
2022 $7,195 $34,871 $3,452 $31,419
2021 $7,033 $34,870 $3,452 $31,418
2020 $6,381 $28,645 $2,835 $25,810
2019 $6,266 $31,189 $2,835 $28,354
2018 $6,161 $31,189 $2,835 $28,354
2017 $4,865 $25,974 $2,342 $23,632
2016 $4,702 $25,974 $2,342 $23,632
2015 $4,279 $25,974 $2,342 $23,632
2014 $3,693 $22,474 $2,096 $20,378
2013 $3,609 $22,474 $2,096 $20,378
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD09232876

Midwest Real Estate Data (MRED)

APN: 17-22-106-074-1004