NOT LISTED FOR SALE

1702 W Erie St Unit 1 Chicago, IL 60622

West Town Neighborhood

Estimated Value: $583,873 - $851,000

3 Beds
3 Baths
-- Sq Ft
$265/mo HOA Fee

Last Sold December 14, 2018

Last sale price $485,000

Est. 39% increase in value since last sale

Current estimated payment $4,498/month

29 Days on Market

Highlights

  • Vaulted Ceiling
  • Main Floor Bedroom
  • Breakfast Bar
  • Wood Flooring
  • Balcony
  • 5-minute walk to Snowberry Park

About This Home

As of December 2018

Incredible one-of-a-kind West Town exposed brick duplex with modern finishes. Completely renovated in 2016 including gorgeous dark wood floors, stainless steel appliances, exposed duct work and a beautiful kitchen. Kitchen features custom white cabinets with a large island great for meals and entertaining. Enjoy it all while overlooking a massive lower level with floor to ceiling windows spanning over 20 feet and filling the space with natural light. Master bedroom features a walk-in closet and spacious en-suite with double vanity, walk in shower and beautiful tile work. Additional bedroom, laundry and full bathroom with tub upstairs. Downstairs find a large bedroom, bathroom, plenty of storage and a massive living space with great versatility. This home is a unique blend of modern living with loft character charm in the booming West Town. Private balcony and parking provide the finishing touches. Grand, Chicago and Ashland transportation and entertainment all around.

Last Agent to Sell the Property

Oren Amzaleg

Compass License #475173869 Listed on: 09/24/2018

Compass

Last Buyer's Agent

James Sheehan

Sheehan Real Estate License #471021532

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $8,306

Year Renovated

  • 2016

Lot Details

  • Southern Exposure
  • East or West Exposure

HOA Fees

  • $265 per month

Home Design

  • Brick Exterior Construction

Interior Spaces

  • Vaulted Ceiling
  • Wood Flooring
  • Laundry on main level

Kitchen

  • Breakfast Bar
  • Kitchen Island

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • Primary Bathroom is a Full Bathroom
  • Bathroom on Main Level

Finished Basement

  • Basement Fills Entire Space Under The House
  • Finished Basement Bathroom

Parking

  • Parking Available
  • Parking Included in Price

Utilities

  • Central Air
  • Heating System Uses Gas

Additional Features

  • North or South Exposure
  • Balcony
  • Property is near a bus stop

Community Details

  • Pets Allowed

Listing and Financial Details

  • Homeowner Tax Exemptions

Property Details

Home Type

Condominium

Est. Annual Taxes

$8,306

Year Renovated

2016

Lot Details

0

HOA Fees

$265 per month

Listing Details

  • Property Type: Attached Single
  • Built Before 1978 (Y/N): Yes
  • General Information: Commuter Bus
  • Recent Rehab: Yes
  • Unit Floor Level: 1
  • Age: 91-100 Years
  • Full Bathrooms: 3
  • Ownership: Condo
  • Rehab Year: 2016
  • Total Full or Half Bathrooms: 3
  • Estimated Year Built: U
  • Tax Exemptions: Homeowner
  • Type Attached: Condo-Duplex
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 2
  • Year Renovated: 2016

Interior Features

  • Interior Property Features: Vaulted/Cathedral Ceilings, Hardwood Floors, 1st Floor Bedroom, 1st Floor Laundry, 1st Floor Full Bath
  • Number Of Rooms: 7
  • Living Room: Dimensions: 22X10, On Level: Main Level
  • Basement: Full
  • Basement: Finished
  • Basement Bathrooms: Yes
  • Bedrooms All Levels: 3
  • Primary Bedroom Bath: Full
  • Above Grade Bedrooms: 3
  • Dining Room: Dimensions: COMBO, On Level: Main Level
  • Kitchen Type: Dimensions: 15X10, On Level: Main Level
  • Kitchen Type: Eating Area-Breakfast Bar, Island
  • Additional Rooms: Balcony
  • Master Bedroom: Dimensions: 15X14, On Level: Main Level
  • Additional Room 1 Name: Balcony, Dimensions: 8X4, On Level: Main Level
  • Bedroom 2: Dimensions: 15X10, On Level: Main Level
  • Bedroom 3: Dimensions: 15X10, On Level: Lower
  • Family Room: Dimensions: 30X22, On Level: Lower

Exterior Features

  • Exterior Building Type: Brick
  • Exposure: N (North), S (South), E (East), W (West)

Garage/Parking

  • Number of Cars: 1
  • Parking: Space/s
  • Number Parking Spaces: 1
  • Parking On Site: Yes
  • Parking Included In Price: Yes

Utilities

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

Condo/Co-op/Association

  • Max Pet Weight: 00
  • Pets Allowed: Yes
  • Fee Frequency: Monthly
  • Pet Information: Cats OK, Dogs OK
  • Assessment Includes: Water, Parking, Common Insurance, Security System, Exterior Maintenance, Lawn Care
  • Assessment Association Fees: 265
  • Management Contact Name: Matt Carson
  • Management Phone: 555-555-5555

Fee Information

  • Management Company: 1702 W Erie Condo Association

Schools

  • School District: 299
  • Junior High Dist: 299

Lot Info

  • Lot Dimensions: 25X125
  • Parcel Identification Number: 17072100501001

Multi Family

  • Total Number Unitsin Building: 4
  • Number Stories: 2

Tax Info

  • Taxes: 9828.79

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 21, 2024
Sold by
Pederson Bradley and Pederson Lindsey
Bought by
Pederson Family Revocable Trust and Pederson
Current Estimated Value
$675,218

Purchase Details

Listed on
Sep 24, 2018
Closed on
Dec 10, 2018
Sold by
Chaimovitz David and Klein Rachel
Bought by
Pederson Bradley and Pederson Lindsey
Seller's Agent
Oren Amzaleg
Compass
Buyer's Agent
James Sheehan
Sheehan Real Estate
List Price
$509,544
Sold Price
$485,000
Premium/Discount to List
-$24,544
-4.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.93%
Original Mortgage
$363,750
Interest Rate
4.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 30, 2016
Sold by
Lpp Mortgage Ltd
Bought by
Chaimovitz David and Klein Rachel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$376,543
Interest Rate
4.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 12, 2014
Sold by
Schulz Ryan S
Bought by
Lpp Mortgage Ltd

Purchase Details

Closed on
Mar 2, 2012
Sold by
Schultz Ryan S
Bought by
Lpp Mortgage Ltd

Purchase Details

Closed on
Nov 15, 2005
Sold by
Duellman Kevin and Conrad Renee S
Bought by
Schultz Ryan S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$312,000
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 15, 2003
Sold by
Funk Joseph
Bought by
Duellman Kevin and Conrad Renee S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$298,000
Interest Rate
6.15%
Mortgage Type
Unknown

Purchase Details

Closed on
Dec 22, 2000
Sold by
Hershoff Andrew
Bought by
Funk Joseph

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
7.69%
Source: Public Records

Range of Values:

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Average Value
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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

Date Buyer Sale Price Title Company
Pederson Family Revocable Trust -- None Listed On Document
Pederson Bradley $485,000 Chicago Title
Chaimovitz David $341,000 Chicago Title
Lpp Mortgage Ltd -- Premier Title
Lpp Mortgage Ltd -- Premier Title
Schultz Ryan S $390,000 Pntn
Duellman Kevin $326,000 Multiple
Funk Joseph -- Ticor Title Insurance
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Pederson Bradley $363,750
Previous Owner Chaimovitz David $376,543
Previous Owner Schultz Ryan S $312,000
Previous Owner Duellman Kevin $298,000
Previous Owner Funk Joseph $250,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/14/2018 12/14/18 Sold $485,000 -4.8% --
11/04/2018 11/04/18 For Sale $509,544 +5.1% --
10/31/2018 10/31/18 Off Market $485,000 -- --
10/23/2018 10/23/18 Pending -- -- --
10/22/2018 10/22/18 Pending -- -- --
09/24/2018 09/24/18 For Sale $509,544 +49.4% --
06/08/2016 06/08/16 Sold $341,000 +3.4% $189 / Sq Ft View Prior Sale
03/23/2016 03/23/16 Pending -- -- --
03/16/2016 03/16/16 Price Changed $329,900 -2.9% $183 / Sq Ft
02/18/2016 02/18/16 Price Changed $339,900 -2.9% $189 / Sq Ft
01/21/2016 01/21/16 Price Changed $349,900 -2.8% $194 / Sq Ft
10/16/2015 10/16/15 Price Changed $359,900 -2.7% $200 / Sq Ft
09/01/2015 09/01/15 Price Changed $369,900 -5.1% $206 / Sq Ft
08/07/2015 08/07/15 For Sale $389,900 -- $217 / Sq Ft
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 $8,306 $52,910 $6,983 $45,927
2023 $8,051 $42,563 $3,187 $39,376
2022 $8,051 $42,563 $3,187 $39,376
2021 $7,889 $42,562 $3,186 $39,376
2020 $8,287 $37,202 $3,186 $34,016
2019 $8,231 $40,969 $3,186 $37,783
2018 $8,093 $40,969 $3,186 $37,783
2017 $9,829 $45,658 $2,811 $42,847
2016 $8,645 $45,658 $2,811 $42,847
2015 $7,886 $45,658 $2,811 $42,847
2014 $4,638 $27,567 $2,390 $25,177
2013 $4,535 $27,567 $2,390 $25,177
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10070007

Midwest Real Estate Data (MRED)

APN: 17-07-210-050-1001