NOT LISTED FOR SALE

1616 N Western Ave Unit 4B Chicago, IL 60647

Wicker Park Neighborhood

Estimated Value: $523,000 - $616,000

3 Beds
3 Baths
1,500 Sq Ft
$388/Sq Ft Est. Value

About This Home

As of November 2018

MUST SEE! SUNFILLED, 3 BED/ 3 BATH IN THE HEART OF WICKER PARK! STEPS FROM HANDLEBAR AND HALF A MILE TO PIECE BREWERY, BIG STAR, DOVE'S LUNCHEONETTE, AND MORE! 5 ROOM UNIT FEATURES: HARDWOOD FLOORS THROUGHOUT, OPEN CONCEPT FLOORPLAN, STAINLESS STEEL APPLIANCES (INCLUDING DISHWASHER AND GAS STOVE), LARGE CLOSETS IN EVERY ROOM, FIREPLACE, 2 PRIVATE BALCONIES, IN-UNIT LAUNDRY, AND TONS OF NATURAL LIGHT.

Last Agent to Rent the Property

Ashley Bogert

Westward360 RM License #471021603 Listed on: 10/13/2018

Last Renter's Agent

Ashley Bogert

Westward360 RM License #471021603 Listed on: 10/13/2018

Property Details

Home Type

  • Other

Year Built

  • 2007

Lot Details

  • 8,059

Parking

  • Detached Garage

Home Design

  • Brick Exterior Construction

Bedrooms and Bathrooms

  • Primary Bathroom is a Full Bathroom

Utilities

  • Heating System Uses Gas
  • Lake Michigan Water

Community Details

  • Pets Allowed

Property Details

Home Type

Other

Year Built

2007

Lot Details

0

Parking

1

Rental Info

  • Available: 10/13/2018
  • Monthly Lot Rental Included: Water, Scavenger

Listing Details

  • Property Type: Residential Rental
  • Type Attached: Mid Rise (4-6 Stories)
  • Unit Floor Level: 4
  • Age: 11-15 Years
  • Special Features: None
  • Stories: 4
  • Year Built: 2007

Interior Features

  • Number Of Rooms: 6
  • Bedrooms All Levels: 3
  • Master Bedroom Level: Main Level
  • Master Bedroom Size: 20X20
  • Primary Bedroom Bath: Full
  • Second Bedroom Level: Main Level
  • Second Bedroom Size: 20X18
  • Third Bedroom Level: Main Level
  • Third Bedroom Size: 15X13
  • Living Room Level: Main Level
  • Living Room Size: 30X20
  • Dining Room Level: Main Level
  • Dining Room Size: COMBO
  • Kitchen Level: Main Level
  • Kitchen Size: 15X7
  • Additional Rooms: No additional rooms

Exterior Features

  • Exterior Building Type: Brick

Garage/Parking

  • Number of Cars: 1
  • Parking: Garage
  • Garage Type: Detached
  • Garage On Site: Yes
  • Number Garage Spaces: 1

Utilities

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

Condo/Co-op/Association

  • Max Pet Weight: 50
  • Pets Allowed: Yes
  • Pet Information: Additional Pet Rent, Cats OK, Dogs OK

Schools

  • Junior High Dist: 229

Lot Info

  • Lot Dimensions: COMMON

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 15, 2021
Sold by
Krusi Investments Llc
Bought by
Avenue Management Llc
Current Estimated Value
$582,256

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,310,000
Outstanding Balance
$497,227
Interest Rate
3.75%
Mortgage Type
Commercial
Estimated Equity
$85,029

Purchase Details

Closed on
Sep 15, 2014
Sold by
1616 N Western Avenue Llc
Bought by
Krusi Investments Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Avenue Management Llc $3,300,000 Stewart Title
Krusi Investments Llc $2,526,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Avenue Management Llc $2,310,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/05/2018 11/05/18 Rented $2,500 0.0% --
11/03/2018 11/03/18 Under Contract -- -- --
10/16/2018 10/16/18 Price Changed $2,500 -3.8% $2 / Sq Ft
10/13/2018 10/13/18 For Rent $2,600 -11.9% --
08/31/2017 08/31/17 Rented $2,950 0.0% --
08/21/2017 08/21/17 Under Contract -- -- --
08/02/2017 08/02/17 For Rent $2,950 -7.8% --
08/05/2016 08/05/16 Rented $3,200 0.0% --
07/27/2016 07/27/16 Price Changed $3,200 -3.0% --
07/05/2016 07/05/16 Price Changed $3,300 -2.9% --
06/28/2016 06/28/16 For Rent $3,400 -- --
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 $9,728 $40,039 $6,970 $33,069
2023 $5,699 $44,720 $3,112 $41,608
2022 $5,699 $26,950 $3,112 $23,838
2021 $10,441 $50,510 $3,111 $47,399
2020 $4,570 $19,897 $3,111 $16,786
2019 $4,122 $19,897 $3,111 $16,786
2018 $4,054 $19,897 $3,111 $16,786
2017 $4,553 $20,468 $2,800 $17,668
2016 $4,253 $20,468 $2,800 $17,668
2015 $9,760 $51,238 $2,800 $48,438
2014 $5,868 $30,373 $2,520 $27,853
2013 $4,003 $21,070 $2,520 $18,550
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10111709

Midwest Real Estate Data (MRED)

APN: 13-36-432-049-1008