NOT LISTED FOR SALE

1620 S Michigan Ave, Unit 321 Chicago, IL 60616

South Loop Neighborhood

Estimated Value: $248,645 - $268,000

1 Bed
1 Bath
-- Sq Ft
$291/mo HOA Fee

Last Sold June 20, 2023

Last sale price $260,000

Est. 1% decrease in value since last sale

Current estimated payment $1,971/month

12 Days on Market

Highlights

  • Lock-and-Leave Community
  • Deck
  • Terrace
  • South Loop Elementary School Rated 9+
  • Wood Flooring
  • 1-minute walk to Fred Anderson Park

About This Home

As of June 2023

Lovely, west facing one bedroom located in the South Loop boasts a 275 square foot private terrace perfect for outdoor relaxation. The concrete loft features an updated kitchen with stainless steel appliances, granite countertops, and an in-unit washer/dryer. The spacious bedroom includes a walk-in closet for ample storage. Gated parking is available for an additional $15k. The location is unbeatable, situated right on Michigan Ave and in close proximity to a dog park, Lake Michigan, Soldier Field, public transportation, and shopping. Investors welcome!

Last Agent to Sell the Property

Caitlyn McCrerey

Compass License #475165527 Listed on: 05/09/2023

Compass

Last Buyer's Agent

samar nubani

Fulton Grace Realty License #475199043

Fulton Grace Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,309

Year Built

  • Built in 2006

Lot Details

  • Additional Parcels

HOA Fees

  • $291 Monthly HOA Fees

Home Design

  • Rubber Roof

Interior Spaces

  • Family Room
  • Combination Dining and Living Room
  • Wood Flooring

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Potential Bedroom
  • Walk-In Closet
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 1 Parking Space
  • Uncovered Parking
  • Parking Included in Price
  • Deeded Parking Sold Separately

Outdoor Features

  • Deck
  • Patio
  • Terrace

Utilities

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

Listing and Financial Details

  • Homeowner Tax Exemptions

Community Details

Overview

  • Association fees include heat, water, gas, parking, insurance, security, tv/cable, exterior maintenance, lawn care, scavenger, snow removal, internet
  • 249 Units
  • Jack Beebe Association, Phone Number (312) 379-0400
  • Property managed by Forth Group
  • Lock-and-Leave Community
  • 10-Story Property

Amenities

  • Elevator

Pet Policy

  • Limit on the number of pets
  • Dogs and Cats Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,309

Year Built

Built in 2006

Lot Details

0

HOA Fees

$291 per month

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: Condo,Condo-Loft
  • Ownership: Condo
  • New Construction: No
  • Property Sub-Type: Condo,Condo-Loft
  • Year Built: 2006
  • Age: 16-20 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: 3
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 10

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Disposal
  • Basement: None
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 1
  • Interior Amenities: Hardwood Floors, Laundry Hook-Up in Unit, Walk-In Closet(s)
  • Room Type: Terrace, Walk In Closet
  • Stories Total: 10
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: None
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Combined w/ LivRm
  • Total Sq Ft: 0
  • Flooring: Hardwood

Exterior Features

  • ExteriorFeatures: Deck, Patio
  • Roof: Rubber
  • Waterfront: No
  • Exterior Building Type: Glass,Concrete

Garage/Parking

  • ParkingTotal: 1
  • Number of Cars: 1
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Deeded Sold Separately
  • Deeded Parking Cost: 15000

Utilities

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

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK, Number Limit
  • Association Fee: 291
  • Association Amenities: Elevator(s), Security Door Lock(s)
  • Association Fee Frequency: Monthly
  • Management: Manager On-site,Monday through Friday
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: Forth Group
  • Management Contact Name: Jack Beebe
  • Management Phone: 312-379-0400X104
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Heat, Water, Gas, Parking, Insurance, Security, TV/Cable, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal, Internet

Lot Info

  • Additional Parcels: Yes
  • 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: 4309.11
  • Tax Year: 2021
  • Tax Exemptions: Homeowner

Multi Family

  • Units in Building: 249

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 9, 2023
Closed on
Jun 16, 2023
Sold by
Augustus Jamel M
Bought by
Watson Kimberly
Seller's Agent
Caitlyn McCrerey
Compass
Buyer's Agent
samar nubani
Fulton Grace Realty
List Price
$245,000
Sold Price
$260,000
Premium/Discount to List
$15,000
6.12%
Views
39
Current Estimated Value
$258,161

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,839
Avg. Annual Appreciation
-0.30%
Original Mortgage
$247,000
Outstanding Balance
$240,645
Interest Rate
6.6%
Mortgage Type
New Conventional
Estimated Equity
$17,516

Purchase Details

Listed on
Mar 1, 2021
Closed on
May 12, 2021
Sold by
Serritella Christine J
Bought by
Augustus Jamel M
Seller's Agent
Chuck Gullett
Best Chicago Properties, LLC
Buyer's Agent
Nadine Ferrata
Compass
List Price
$224,900
Sold Price
$226,600
Premium/Discount to List
$1,700
0.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.80%
Original Mortgage
$219,802
Interest Rate
3.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 30, 2006
Sold by
Mccrary Regina S
Bought by
Serritella Christine J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$184,000
Interest Rate
6.25%
Mortgage Type
Unknown

Purchase Details

Closed on
Aug 10, 2006
Sold by
1612 S Michigan Development Corp
Bought by
Mccrary Regina S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$188,860
Interest Rate
6.85%
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
Watson Kimberly $260,000 Old Republic Title
Augustus Jamel M $227,000 Attorney
Serritella Christine J $230,000 Multiple
Serritella Christine J $230,000 Multiple
Mccrary Regina S $199,000 Multiple
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Watson Kimberly $247,000
Previous Owner Augustus Jamel M $219,802
Previous Owner Serritella Christine J $184,000
Previous Owner Mccrary Regina S $188,860
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/20/2023 06/20/23 Sold $260,000 +6.1% --
05/22/2023 05/22/23 Pending -- -- --
05/09/2023 05/09/23 For Sale $245,000 +8.1% --
05/18/2021 05/18/21 Sold $226,600 +0.8% -- View Prior Sale
03/26/2021 03/26/21 Pending -- -- --
03/01/2021 03/01/21 For Sale $224,900 0.0% --
02/08/2020 02/08/20 Rented $1,600 0.0% --
01/05/2020 01/05/20 Off Market $1,600 -- --
01/04/2020 01/04/20 Under Contract -- -- --
12/03/2019 12/03/19 For Rent $1,600 -3.0% --
01/20/2016 01/20/16 Rented $1,650 -8.3% --
12/24/2015 12/24/15 Under Contract -- -- --
10/20/2015 10/20/15 For Rent $1,800 -- --
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 $3,953 $18,356 $2,035 $16,321
2023 $3,853 $18,678 $1,638 $17,040
2022 $3,853 $18,678 $1,638 $17,040
2021 $3,095 $18,676 $1,637 $17,039
2020 $2,677 $15,121 $1,345 $13,776
2019 $2,619 $16,464 $1,345 $15,119
2018 $2,574 $16,464 $1,345 $15,119
2017 $1,718 $11,356 $1,111 $10,245
2016 $1,774 $11,356 $1,111 $10,245
2015 $1,600 $11,356 $1,111 $10,245
2014 $1,437 $10,313 $994 $9,319
2013 $1,397 $10,313 $994 $9,319
Source: Public Records

Agents Affiliated with this Home

  • Caitlyn McCrerey

    Seller's Agent in 2023

    Caitlyn McCrerey

    Compass

    (312) 315-1020

    7 in this area

    55 Total Sales

    Caitlyn McCrerey
    Section Image

  • s

    Buyer's Agent in 2023

    samar nubani

    Fulton Grace

    (847) 800-9043

    1 in this area

    4 Total Sales

    samar nubani
    Section Image
  • Chuck Gullett

    Seller's Agent in 2021

    Chuck Gullett

    Best Chicago Properties, LLC

    (312) 563-5300

    2 in this area

    143 Total Sales

    Chuck Gullett
    Section Image
  • Nadine Ferrata

    Buyer's Agent in 2021

    Nadine Ferrata

    Compass

    (312) 915-4713

    42 in this area

    250 Total Sales

    Nadine Ferrata
    Section Image

  • K

    Buyer's Agent in 2020

    Kittrell Hickman

    Keller Williams Preferred Realty

  • L

    Buyer's Agent in 2016

    Lauren Rosen

    Compass

    (773) 482-1917

    10 Total Sales

    Lauren Rosen
    Section Image
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About This Building

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11778940

Midwest Real Estate Data (MRED)

APN: 17-22-301-065-1021

Illinois Cook County Chicago 60616 South Loop

1620 S Michigan Ave Unit 321, Chicago, IL

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