NOT LISTED FOR SALE

1516 S Wabash Ave Unit 701 Chicago, IL 60605

South Loop Neighborhood

Estimated Value: $376,209

2 Beds
2 Baths
-- Sq Ft
0.39 Acre Lot

Sale Details

Date Sold: May 17, 2019

Last sale price $380,000

Est. 1% decrease in value since last sale

Current estimated payment $3,228 / mo

13 Days on Market

Highlights

  • Lake Front
  • End Unit
  • Balcony
  • Wood Flooring
  • Stainless Steel Appliances
  • 1-minute walk to Coliseum Park

About This Home

As of May 2019

Stunning open plan loft in best South Loop location! Huge windows with amazing views provide unbelievable sunlight to extra wide living space. Located on the top floor of original structure, this home features tremendous ceiling heights, gorgeous exposed brick and many true concrete loft features. Large balcony with exceptional views. Well-appointed master suite with large closet. New HVAC, updated kitchen appliances, and custom solar shades on all windows. Excellent storage and in-unit washer/dryer. Unit is located on the front of building. Two garage parking spots available, one included. A must see!

Last Agent to Sell the Property

Tim Salm

Jameson Sotheby's Intl Realty License #475133721 Listed on: 03/26/2019

Jameson Sotheby's Intl Realty

Co-Listed By

Donald Benson

Jameson Sotheby's Intl Realty License #475167460

Last Buyer's Agent

Brendan Murphy

Coldwell Banker Realty License #471016628

Coldwell Banker Realty

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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Property Details

Home Type

  • Condominium

Year Built

  • 1998

Lot Details

  • Lake Front
  • End Unit
  • East or West Exposure

HOA Fees

  • $547 per month

Parking

  • Attached Garage
  • Heated Garage
  • Garage Door Opener
  • Parking Included in Price
  • Garage Is Owned

Home Design

  • Brick Exterior Construction

Kitchen

  • Breakfast Bar
  • Oven or Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Kitchen Island
  • Disposal

Bedrooms and Bathrooms

  • Walk-In Closet
  • Primary Bathroom is a Full Bathroom

Laundry

  • Dryer
  • Washer

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas

Additional Features

  • Wood Flooring
  • Balcony
  • City Lot

Listing and Financial Details

  • Homeowner Tax Exemptions
  • $2,000 Seller Concession

Community Details

Amenities

  • Common Area

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Year Built

1998

Lot Details

0.39 Acres

HOA Fees

$547 per month

Parking

1

Listing Details

  • Property Type: Attached Single
  • Unit Floor Level: 7
  • Age: 21-25 Years
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Ownership: Condo
  • Total Full or Half Bathrooms: 1.1
  • Estimated Year Built: 1998
  • Tax Exemptions: Homeowner
  • Type Attached: Condo-Loft, High Rise (7+ Stories)
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 11
  • Year Built: 1998

Interior Features

  • Interior Property Features: Elevator, Hardwood Floors, Laundry Hook-Up in Unit, Walk-In Closet(s)
  • Number Of Rooms: 5
  • Living Room: Dimensions: 26X15, On Level: Main Level, Flooring: Hardwood
  • Appliances: Oven/Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Disposal, All Stainless Steel Kitchen Appliances
  • Bedrooms All Levels: 2
  • Primary Bedroom Bath: Full
  • Above Grade Bedrooms: 2
  • Laundry: Dimensions: 3X3, On Level: Main Level
  • Dining Room: Dimensions: COMBO, On Level: Main Level, Flooring: Hardwood
  • Kitchen Type: Dimensions: 14X8, On Level: Main Level, Flooring: Hardwood
  • Kitchen Type: Eating Area-Breakfast Bar, Island
  • Additional Rooms: Balcony
  • Master Bedroom: Dimensions: 15X11, On Level: Main Level, Flooring: Hardwood
  • Additional Room 1 Name: Balcony, Dimensions: 15X05, On Level: Main Level
  • Bedroom 2: Dimensions: 12X10, On Level: Main Level, Flooring: Hardwood
  • Dining Room Type: Combined w/ LivRm

Exterior Features

  • Exterior Building Type: Brick
  • Exterior Property Features: Balcony, End Unit
  • Exposure: E (East), City, Lake/Water

Garage/Parking

  • Number of Cars: 1
  • Parking: Garage
  • Garage Type: Attached
  • Garage Details: Garage Door Opener(s), Heated
  • Garage On Site: Yes
  • Number Garage Spaces: 1
  • Parking Included In Price: Yes
  • Garage Ownership: Owned

Utilities

  • Air Conditioner: Central Air
  • Water: Public
  • Sewer: Sewer-Public
  • Heating Fuel: Gas, Forced Air

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: Elevator, Exercise Room, Storage, Security Door Locks, Service Elevator
  • Assessment Includes: Water, Common Insurance, TV/Cable, Exercise Facilities, Exterior Maintenance, Scavenger, Snow Removal, Internet Access
  • Assessment Association Fees: 547
  • Management Contact Name: Carolina Canchola
  • Management Phone: 312-850-3251X1002

Fee Information

  • Management Company: Phoenix Rising Management Group, Ltd.

Schools

  • Junior High Dist: 299

Lot Info

  • Lot Dimensions: COMMON
  • Lot Description: Common Grounds
  • Parcel Identification Number: 17221060741006

Multi Family

  • Total Number Unitsin Building: 76
  • Number Stories: 11

Tax Info

  • Taxes: 4864.80

Ownership 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 Name Owned For Owner Type

Purchase Details

Listed on
Mar 26, 2019
Closed on
May 10, 2019
Sold by
Glaser Jeremy W and Lloyd David H
Bought by
Seller's Agent
Tim Salm
Jameson Sotheby's Intl Realty
Buyer's Agent
Brendan Murphy
Coldwell Banker Realty
List Price
$375,000
Sold Price
$380,000
Premium/Discount to List
$5,000
1.33%
Current Estimated Value
$376,209

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$3,791
Avg. Annual Appreciation
-0.14%
Original Mortgage
$304,000
Outstanding Balance
$260,495
Interest Rate
4.1%
Mortgage Type
New Conventional
Estimated Equity
$115,714

Purchase Details

Listed on
Feb 7, 2014
Closed on
Apr 16, 2014
Sold by
Sperlin Joseph M and Milos Nicole
Bought by
Glaser Jeremy W and Lloyd David H
Seller's Agent
Ray Mandel
Compass
Buyer's Agent
Jeffery Atkinson
@properties Christie's International Real Estate
List Price
$340,000
Sold Price
$348,000
Premium/Discount to List
$8,000
2.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.74%
Original Mortgage
$278,400
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 22, 2003
Sold by
Peterson Shereen F and Boury Shereen F
Bought by
Sperlin Joseph M and Milos Nicole D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$269,660
Interest Rate
5.71%
Mortgage Type
Unknown

Purchase Details

Closed on
Apr 12, 1999
Sold by
1516 Wabash Associates Inc
Bought by
Boury Shereen F
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in South Loop, IL

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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
$380,000 Chicago Title
Glaser Jeremy W $348,000 Chicago Title Insurance Co
Sperlin Joseph M $278,000 Multiple
Boury Shereen F $229,500 --
Source: Public Records

Mortgage 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 Status Borrower Loan Amount
Open $304,000
Previous Owner Glaser Jeremy W $276,460
Previous Owner Glaser Jeremy W $278,400
Previous Owner Sperlin Joseph M $30,343
Previous Owner Sperlin Joseph $252,000
Previous Owner Sperlin Joseph M $22,576
Previous Owner Sperlin Joseph M $269,660
Source: Public Records

Property 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 Event Price List to Sale Price per Sq Ft
05/17/2019 05/17/19 Sold $380,000 +1.3% --
04/08/2019 04/08/19 Pending -- -- --
03/26/2019 03/26/19 For Sale $375,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax 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.

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 $6,680 $34,090 $4,291 $29,799
2024 $6,680 $34,090 $4,291 $29,799
2023 $6,489 $34,871 $3,452 $31,419
2022 $6,489 $34,871 $3,452 $31,419
2021 $6,361 $34,870 $3,452 $31,418
2020 $5,690 $28,645 $2,835 $25,810
2019 $5,577 $31,189 $2,835 $28,354
2018 $5,482 $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 $4,170 $22,474 $2,096 $20,378
2013 $4,087 $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: MRD10322458

Midwest Real Estate Data (MRED)

APN: 17-22-106-074-1006

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