NOT LISTED FOR SALE

1516 W Grand Ave Unit 1W Chicago, IL 60642

West Town Neighborhood

Estimated Value: $574,000 - $753,000

3 Beds
3 Baths
2,200 Sq Ft
$260/mo HOA Fee

Last Sold February 22, 2021

Last sale price $490,000 $223 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $4,760/month

Highlights

  • Deck
  • Whirlpool Bathtub
  • Patio
  • Wood Flooring
  • Detached Garage
  • 2-minute walk to Bickerdike (George) Square Park

About This Home

As of February 2021

Southern exposure sunlight welcomes you into this 3 bedroom 3 full bathroom duplex condo! With a fully renovated kitchen, attached garage parking, and the ideal floor plan (2 beds above grade, extra bed below), This home's new owners can jump on the grand bus and head downtown, walk 15 minutes to Fulton Market, or enjoy the neighborhoods new breweries. Lower level boasts huge south facing windows and a front patio (1 of 3 exterior spaces). 3 beds and 3 full baths - Fully Renovated Kitchen - Attached garage parking - Freshly painted - 3 outdoor spaces including a shared garage rooftop

Last Agent to Sell the Property

Ben Lalez

Compass License #475124644 Listed on: 01/03/2021

Compass

Co-Listed By

Joel Halperin

Dream Town Real Estate License #475184015

Last Buyer's Agent

Ben Lalez

Compass License #475124644 Listed on: 01/03/2021

Compass

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $10,545

Year Built

  • 2003

Lot Details

  • Southern Exposure
  • East or West Exposure

HOA Fees

  • $260 per month

Parking

  • Detached Garage
  • Driveway
  • Parking Included in Price

Home Design

  • Brick Exterior Construction
  • Brick Foundation
  • Block Foundation

Interior Spaces

  • Wood Burning Fireplace
  • Storage
  • Washer and Dryer Hookup
  • Wood Flooring

Bedrooms and Bathrooms

  • Primary Bathroom is a Full Bathroom
  • Whirlpool Bathtub
  • Separate Shower

Outdoor Features

  • Deck
  • Patio

Utilities

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

Community Details

  • Pets Allowed

Listing and Financial Details

  • Homeowner Tax Exemptions
  • $3,000 Seller Concession

Property Details

Home Type

Condominium

Est. Annual Taxes

$10,545

Year Built

2003

Lot Details

0

HOA Fees

$260 per month

Parking

2

Listing Details

  • Property Type: Attached Single
  • Unit Floor Level: 1
  • Age: 16-20 Years
  • Full Bathrooms: 3
  • Number Interior Fireplaces: 1
  • Ownership: Condo
  • Total Full or Half Bathrooms: 3
  • Estimated Year Built: 2003
  • Tax Exemptions: Homeowner
  • Type Attached: 1/2 Duplex, Condo
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 4
  • Year Built: 2003

Interior Features

  • Interior Property Features: Hardwood Floors, Laundry Hook-Up in Unit, Storage
  • Number Of Rooms: 7
  • Living Room: Dimensions: 16X18, On Level: Main Level, Flooring: Hardwood
  • Equipment: TV-Cable, Security System, Ceiling Fan, Sump Pump
  • Fireplace Details: Wood Burning
  • Fireplace Location: Living Room
  • Bedrooms All Levels: 3
  • Primary Bedroom Bath: Full
  • Bathroom Amenities: Whirlpool, Separate Shower
  • Above Grade Bedrooms: 3
  • Dining Room: Dimensions: COMBO, On Level: Main Level, Flooring: Hardwood
  • Kitchen Type: Dimensions: 11X10, On Level: Main Level, Flooring: Hardwood
  • Additional Rooms: No additional rooms
  • Master Bedroom: Dimensions: 13X16, On Level: Main Level, Flooring: Carpet
  • Bedroom 2: Dimensions: 11X13, On Level: Main Level, Flooring: Carpet
  • Bedroom 3: Dimensions: 10X10, On Level: Lower, Flooring: Carpet
  • Estimated Sq Ft: 2200
  • Dining Room Type: Combined w/ LivRm
  • Family Room: Dimensions: 13X18, On Level: Lower

Exterior Features

  • Foundation: Block, Brick
  • Exterior Building Type: Brick
  • Exterior Property Features: Deck, Patio
  • Exposure: S (South), W (West)

Garage/Parking

  • Number of Cars: 2
  • Parking: Garage
  • Garage Type: Detached
  • Garage On Site: Yes
  • Number Garage Spaces: 2
  • Driveway: Concrete
  • Parking Included In Price: Yes

Utilities

  • Electricity: 200+ Amp Service
  • Air Conditioner: Central Air
  • Water: Lake Michigan
  • Sewer: Sewer-Storm
  • Heating Fuel: Gas, Forced Air

Condo/Co-op/Association

  • Max Pet Weight: 999
  • Pets Allowed: Yes
  • Fee Frequency: Monthly
  • Pet Information: Cats OK, Dogs OK
  • Assessment Includes: Common Insurance, Exterior Maintenance, Lawn Care
  • Special Assessments: U
  • Assessment Association Fees: 260
  • Management Phone: 000-000-0000

Schools

  • School District: 299
  • Junior High Dist: 299

Lot Info

  • Lot Dimensions: COMMON
  • Parcel Identification Number: 17081210431001

Multi Family

  • Total Number Unitsin Building: 8
  • Number Stories: 4

Tax Info

  • Taxes: 10444.81

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 3, 2021
Closed on
Feb 4, 2021
Sold by
Fine Alexander and Fine Simone
Bought by
Irawo Olanrewaju and Bol Stephanie
Seller's Agent
Ben Lalez
Compass
Buyer's Agent
Ben Lalez
Compass
List Price
$500,000
Sold Price
$490,000
Premium/Discount to List
-$10,000
-2%
Total Days on Market
0
Current Estimated Value
$682,247

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$192,247
Avg. Annual Appreciation
6.95%
Original Mortgage
$465,500
Interest Rate
2.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 30, 2017
Sold by
Szurgot Thomas and Szurgot Karyn
Bought by
Fine Alexander and Fine Simone

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
3.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 7, 2007
Sold by
Arzberger Petra
Bought by
Szurgot Thomas and Szurgot Karyn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$384,750
Interest Rate
6.21%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 9, 2004
Sold by
T & B Ventures Llc
Bought by
Arzberger Petra
Source: Public Records

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Range of Values:

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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
Irawo Olanrewaju $490,000 Chicago Title
Fine Alexander $525,000 Chicago Title
Szurgot Thomas $513,000 Multiple
Arzberger Petra $445,000 Chicago Title Insurance Comp
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Irawo Olanrewaju $465,500
Previous Owner Fine Alexander $262,500
Previous Owner Szurgot Thomas $364,150
Previous Owner Szurgot Thomas $384,750
Previous Owner Szurgot Thomas $128,375
Previous Owner Yaemniyom Charawee $373,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/22/2021 02/22/21 Sold $490,000 -2.0% $223 / Sq Ft
01/03/2021 01/03/21 Pending -- -- --
01/03/2021 01/03/21 For Sale $500,000 0.0% $227 / Sq Ft
09/30/2016 09/30/16 Rented $3,000 0.0% --
09/03/2016 09/03/16 Price Changed $3,000 -11.8% $1 / Sq Ft
08/24/2016 08/24/16 Price Changed $3,400 -2.9% $2 / Sq Ft
08/04/2016 08/04/16 For Rent $3,500 -- --
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 $10,545 $62,928 $7,825 $55,103
2023 $10,545 $51,269 $3,571 $47,698
2022 $10,545 $51,269 $3,571 $47,698
2021 $10,310 $51,268 $3,571 $47,697
2020 $10,696 $48,013 $3,571 $44,442
2019 $10,623 $52,876 $3,571 $49,305
2018 $10,445 $52,876 $3,571 $49,305
2017 $10,492 $52,115 $3,151 $48,964
2016 $9,938 $52,115 $3,151 $48,964
2015 $9,069 $52,115 $3,151 $48,964
2014 $7,688 $44,003 $2,678 $41,325
2013 $7,525 $44,003 $2,678 $41,325
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10961915

Midwest Real Estate Data (MRED)

APN: 17-08-121-043-1002