NOT LISTED FOR SALE

1942 W Albion Ave Unit 1N Chicago, IL 60626

West Ridge Neighborhood

Estimated Value: $174,000 - $222,000

2 Beds
1 Bath
850 Sq Ft
$320/mo HOA Fee

Last Sold March 27, 2023

Last sale price $167,000 $196 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $1,471/month

17 Days on Market

Highlights

  • Community Pool
  • Living Room
  • Forced Air Heating and Cooling System
  • Double Pane Windows
  • Resident Manager or Management On Site
  • Dining Room

About This Home

As of March 2023

Rare opportunity to own at peaceful Ridgewood Estates. There is no road through the complex which has, at the center, an outdoor pool area with a dedicated, fenced, kiddie pool! At the quiet middle of the complex, this bright east and west facing 1st floor unit has been totally rehabbed in the past 10 years. There are new kitchen high end SS Appliances, including a microwave, multi-door refrigerator, and electric glass-top double oven, bathroom tile and fixtures, windows, floors, oak doors with lever handles, plumbing, electric, furnace, central A/C, and HWH. One flight down there is a large semi-private basement with plenty of room for laundry, small projects, open storage, and a sizable private storage locker. Xfinity internet and TV access, pool care and one exterior assigned parking spot are all included in the assessment. Directly south of the Cermak Grocery store and just 2 blocks to Marvelous Warren Park with nearly 90 acres of land a 9 hole golf course in the center. What a great place for a stroll on a spring evening!

Last Agent to Sell the Property

Deb Russcol

RE/MAX Premier License #475140630 Listed on: 02/16/2023

RE/MAX Premier

Last Buyer's Agent

Leon Wambo

Wambo Realty Group License #471021184

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,542

Year Built

  • Built in 1946

Lot Details

  • 3.6

HOA Fees

  • $320 Monthly HOA Fees

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 850 Sq Ft Home
  • 2-Story Property
  • Double Pane Windows
  • Blinds
  • Living Room
  • Dining Room
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Range
  • Microwave
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer
  • Sink Near Laundry

Parking

  • 1 Parking Space
  • Uncovered Parking
  • Parking Included in Price
  • Assigned Parking

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 water, parking, insurance, tv/cable, pool, exterior maintenance, lawn care, scavenger, snow removal, internet
  • 90 Units
  • Larry Association, Phone Number (773) 313-0025
  • Ridgewood Estates Subdivision
  • Property managed by Rosen Management

Amenities

  • Laundry Facilities
  • Community Storage Space

Recreation

  • Community Pool

Pet Policy

  • Dogs and Cats Allowed

Security

  • Resident Manager or Management On Site

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,542

Year Built

Built in 1946

Lot Details

0

HOA Fees

$320 per month

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: Condo
  • Ownership: Condo
  • New Construction: No
  • Property Sub-Type: Condo
  • Subdivision Name: Ridgewood Estates
  • Year Built: 1946
  • Age: 71-80 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Unit Floor Level: 1
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 2

Interior Features

  • Appliances: Range, Microwave, Refrigerator, Washer, Dryer, Disposal
  • Basement: Full
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 2
  • LivingArea: 850
  • Room Type: No additional rooms
  • Stories Total: 2
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: Unfinished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 0
  • Window Features: Blinds,Double Pane Windows

Exterior Features

  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Parking Features: Assigned
  • ParkingTotal: 1
  • Number of Cars: 1
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

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

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK
  • Association Fee: 320
  • Association Amenities: Storage, Pool
  • Association Fee Frequency: Monthly
  • Management: Manager Off-site
  • Master Association Fee Frequency: Not Required
  • Management Company: Rosen Management
  • Management Contact Name: Larry
  • Management Phone: 773-313-0025
  • ResoAssociationFeeFrequency: Monthly

Fee Information

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

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: COMMON
  • Special Assessments: Y

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: 1542.12
  • Tax Year: 2021
  • Tax Exemptions: Homeowner

Multi Family

  • Units in Building: 90

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 16, 2023
Closed on
Mar 21, 2023
Sold by
Radzko John R
Bought by
Tipe Jeanne Ngagon
Seller's Agent
Deb Russcol
RE/MAX Premier
Buyer's Agent
Leon Wambo
Wambo Realty Group
List Price
$168,000
Sold Price
$167,000
Premium/Discount to List
-$1,000
-0.6%
Views
77
Current Estimated Value
$193,050

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$26,050
Avg. Annual Appreciation
5.76%

Purchase Details

Listed on
Sep 13, 2012
Closed on
Oct 2, 2012
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Radzko John R
Seller's Agent
Richard Thomas
Realty Plus Chicago Inc.
Buyer's Agent
Deb Russcol
RE/MAX Premier
List Price
$43,900
Sold Price
$45,000
Premium/Discount to List
$1,100
2.51%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.52%
Original Mortgage
$36,000
Interest Rate
3.38%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 15, 2011
Sold by
Gayton Peter
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
Oct 2, 2007
Sold by
Zobia Chaudhry Zobia and Zobia Ambereen
Bought by
Gayton Peter

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$145,000
Interest Rate
6.49%
Mortgage Type
Unknown

Purchase Details

Closed on
Jul 21, 2005
Sold by
Singh Geeta and Singh Ricky
Bought by
Chaudhry Zobia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$35,200
Interest Rate
5.71%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Jan 23, 2002
Sold by
Patel Salim M and Patel Ilyas M
Bought by
Singh Geeta and Singh Ricky

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$93,600
Interest Rate
7.03%

Purchase Details

Closed on
Oct 10, 2000
Sold by
Herzog David R
Bought by
Patel Zaitun and Patel Salim M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$54,000
Interest Rate
7.96%
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
Tipe Jeanne Ngagon $167,000 Attorneys Title
Tipe Jeanne Ngagon $167,000 Attorneys Title
Radzko John R $45,000 Attorneys Title Guaranty Fun
Federal Home Loan Mortgage Corporation -- None Available
Gayton Peter $145,000 Multiple
Chaudhry Zobia $176,000 Git
Singh Geeta $117,000 --
Patel Zaitun $93,750 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Radzko John R $36,000
Previous Owner Gayton Peter $145,000
Previous Owner Chaudhry Zobia $35,200
Previous Owner Chaudhry Zobia $140,800
Previous Owner Singh Geeta $93,600
Previous Owner Patel Zaitun $54,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/27/2023 03/27/23 Sold $167,000 -0.6% $196 / Sq Ft
03/06/2023 03/06/23 Pending -- -- --
02/16/2023 02/16/23 For Sale $168,000 +273.3% $198 / Sq Ft
11/26/2012 11/26/12 Sold $45,000 +2.5% $45 / Sq Ft View Prior Sale
09/28/2012 09/28/12 Pending -- -- --
09/13/2012 09/13/12 For Sale $43,900 -- $44 / 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 $1,621 $14,654 $3,654 $11,000
2023 $1,559 $11,001 $2,924 $8,077
2022 $1,559 $11,001 $2,924 $8,077
2021 $1,542 $10,999 $2,923 $8,076
2020 $796 $6,674 $2,761 $3,913
2019 $799 $7,405 $2,761 $4,644
2018 $784 $7,405 $2,761 $4,644
2017 $353 $5,014 $2,436 $2,578
2016 $504 $5,014 $2,436 $2,578
2015 $438 $5,014 $2,436 $2,578
2014 $1,197 $9,020 $2,192 $6,828
2013 $1,162 $9,020 $2,192 $6,828
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11720554

Midwest Real Estate Data (MRED)

APN: 11-31-400-051-1037