NOT LISTED FOR SALE

1516 W Chestnut St Unit 2 Chicago, IL 60642

West Town Neighborhood

Estimated Value: $590,000 - $676,000

2 Beds
2 Baths
1,400 Sq Ft
3,223 Sq Ft Lot

Sale Details

Date Sold: June 26, 2024

Last sale price $612,500 $438 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $4,367 / mo

36 Days on Market

Highlights

  • Rooftop Deck
  • Wood Flooring
  • Granite Countertops
  • Open Floorplan
  • Whirlpool Bathtub
  • Home Office

About This Home

As of June 2024

This highly upgraded 2 bed/2 bath condo is situated on a beautiful tree-lined street in the heart of Noble Square. Gorgeous chef's kitchen equipped with granite countertops, subway tile backsplash and stainless steel appliances. Spacious, open floor plan provides great living/dining space plus a nice office nook with custom built bookshelves. Amazing natural light pours in from your large, south facing windows. Incredible outdoor space including a huge private rooftop deck with breathtaking city views plus an additional deck off the rear of the unit. The primary bedroom offers a large, custom built-out, walk-in closet and a luxurious en-suite bathroom with dual vanities, jacuzzi tub and a spa-like shower. Additional features include: high-end Grohe fixtures, custom window treatments, hardwood floors throughout, wood burning fireplace with gas starter, in unit washer/dryer and 1 car garage parking. Located conveniently with quick access to the highway, steps from Eckhart Park, an easy walk to the Blue Line, and close to some of the best bars and restaurants in the city!

Last Agent to Sell the Property

Michael Kelly

Compass License #471019617 Listed on: 06/06/2024

Compass

Co-Listed By

Jenny Derrickson

Compass License #475173881

Last Buyer's Agent

Sam Shaffer

Chicago Properties Firm License #471017780

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $8,483

Year Built

  • Built in 2009

Lot Details

  • 3,223

HOA Fees

  • $155 Monthly HOA Fees

Parking

  • 1 Car Detached Garage
  • Garage Door Opener
  • Parking Included in Price

Home Design

  • Brick Exterior Construction
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,400 Sq Ft Home
  • Open Floorplan
  • Ceiling Fan
  • Wood Burning Fireplace
  • Fireplace With Gas Starter
  • Living Room with Fireplace
  • Combination Dining and Living Room
  • Home Office
  • Wood Flooring
  • Sump Pump

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Granite Countertops
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms
  • Dual Sinks
  • Whirlpool Bathtub
  • Separate Shower

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Home Security

  • Home Security System
  • Intercom

Outdoor Features

  • Rooftop Deck

Schools

  • Otis Elementary School
  • Wells Community Academy Senior H High School

Utilities

  • Forced Air Heating and Cooling System
  • Humidifier
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Community Details

Overview

  • Association fees include water, insurance, scavenger
  • 3 Units
  • Blake Saunders Association, Phone Number (630) 532-4055
  • Property managed by 1516 W Chestnut Condominium
  • 5-Story Property

Pet Policy

  • Dogs and Cats Allowed

Security

  • Carbon Monoxide Detectors

Property Details

Home Type

Condominium

Est. Annual Taxes

$8,483

Year Built

Built in 2009

Lot Details

3,223 Sq Ft Lot

HOA Fees

$155 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: Condo
  • Ownership: Condo
  • New Construction: No
  • Property Sub-Type: Condo
  • Year Built: 2009
  • Age: 11-15 Years
  • Built Before 1978 (Y/N): No
  • Disability Access and/or Equipped: No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Unit Floor Level: 2
  • Actual Status: Closed
  • ResoPropertyType: Residential
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 5

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Disposal, Stainless Steel Appliance(s)
  • Basement: None
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplace Features: Wood Burning, Gas Starter
  • Fireplaces: 1
  • Interior Amenities: Hardwood Floors, Laundry Hook-Up in Unit, Walk-In Closet(s), Open Floorplan, Granite Counters
  • LivingArea: 1400
  • Other Equipment: Humidifier, Security System, Intercom, CO Detectors, Ceiling Fan(s), Sump Pump, Backup Sump Pump;
  • Room Type: Office, Deck
  • Stories Total: 5
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: None
  • Bathroom Amenities: Whirlpool,Separate Shower,Double Sink
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Combined w/ LivRm
  • Fireplace Location: Living Room
  • Total Sq Ft: 0
  • ResoLivingAreaSource: Estimated

Exterior Features

  • ExteriorFeatures: Deck, Roof Deck
  • Foundation Details: Concrete Perimeter
  • Roof: Other
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 1
  • ParkingTotal: 1
  • Garage Details: Garage Door Opener(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Electric: Circuit Breakers
  • Heating: Natural Gas, Forced Air
  • Laundry Features: In Unit
  • Water Source: Lake Michigan, Public

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK
  • Association Fee: 155
  • Association Fee Frequency: Monthly
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: 1516 W Chestnut Condominium
  • Management Contact Name: Blake Saunders
  • Management Phone: 630-532-4055
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Water, Insurance, Scavenger

Schools

  • Elementary School: Otis Elementary School
  • High School: Wells Community Academy Senior H
  • Middle/Junior School: Otis Elementary School

Lot Info

  • Lot Dimensions: COMMON
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Pets Allowed (Y/N): Yes
  • Is Parking Included in Price: Yes
  • Max Pet Weight: 999

Tax Info

  • Tax Annual Amount: 8483
  • Tax Year: 2022
  • Tax Exemptions: None

Multi Family

  • Units in Building: 3

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
Jun 6, 2024
Closed on
Jun 24, 2024
Sold by
Bought by
Seller's Agent
Michael Kelly
Compass
Buyer's Agent
Sam Shaffer
Chicago Properties Firm
List Price
$599,000
Sold Price
$612,500
Premium/Discount to List
$13,500
2.25%
Views
18
Current Estimated Value
$634,313

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$21,813
Avg. Annual Appreciation
1.68%
Original Mortgage
$459,375
Interest Rate
0.0687%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 24, 2017
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$424,100
Interest Rate
0.0375%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Apr 30, 2014
Closed on
Jul 31, 2014
Sold by
Bought by
Seller's Agent
Maggie Ahern
@properties Christie's International Real Estate
Buyer's Agent
Nicole Haisma
Compass
List Price
$399,000
Sold Price
$404,010
Premium/Discount to List
$5,010
1.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.81%
Original Mortgage
$323,200
Interest Rate
0.0415%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 31, 2009
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$311,850
Interest Rate
0.0511%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

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
$612,500 None Listed On Document
$490,000 Chicago Title
$404,500 --
$346,500 Chicago Title Insurance Co
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 $459,375
Previous Owner $385,450
Closed $424,100
Previous Owner $323,200
Previous Owner $307,000
Previous Owner $311,850
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 Prior Sale
06/26/2024 06/26/24 Sold $612,500 +2.3% $438 / Sq Ft
06/07/2024 06/07/24 Pending -- -- --
05/01/2024 05/01/24 For Sale $599,000 +48.3% $428 / Sq Ft
07/17/2014 07/17/14 Sold $404,010 +1.3% $337 / Sq Ft View Prior Sale
05/06/2014 05/06/14 Pending -- -- --
04/30/2014 04/30/14 For Sale $399,000 -- $333 / Sq Ft
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 $8,750 $53,068 $6,698 $46,370
2024 $8,750 $53,068 $6,698 $46,370
2023 $8,482 $44,663 $3,057 $41,606
2022 $8,482 $44,663 $3,057 $41,606
2021 $8,311 $44,661 $3,056 $41,605
2020 $8,789 $42,556 $3,056 $39,500
2019 $8,727 $46,865 $3,056 $43,809
2018 $8,579 $46,865 $3,056 $43,809
2017 $8,899 $41,338 $2,697 $38,641
2016 $8,280 $41,338 $2,697 $38,641
2015 $7,575 $41,338 $2,697 $38,641
2014 $5,999 $34,900 $2,292 $32,608
2013 $5,869 $34,900 $2,292 $32,608
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12044401

Midwest Real Estate Data (MRED)

APN: 17-05-319-133-1002

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