NOT LISTED FOR SALE

2042 W Melrose St Chicago, IL 60618

Roscoe Village Neighborhood

Estimated Value: $1,854,000 - $1,990,000

4 Beds
3 Baths
-- Sq Ft
2,614 Sq Ft Lot

Last Sold March 16, 2016

Last sale price $605,000

Est. 213% increase in value since last sale

Current estimated payment $12,337/month

64 Days on Market

Highlights

  • 2 Car Detached Garage
  • Forced Air Heating System
  • 3-minute walk to Charles Fellger Park
  • John James Audubon Elementary School Rated 9+

About This Home

As of March 2016

Beautiful bright frame 2 flat in the heart of Roscoe Village with wonderful yard. 2nd floor is lofted to the 3rd floor with 2 bedrooms, large open kitchen/dining room. Top floor master suite includes in unit w/d. High, dry basement. Separate utilities, each with central air and gas forced furnaces. 24 x 125 lot zoned RS-3. Audubon school district. Estimated annual gas usage for unit 1 is $1092.24 / monthly $91.02. Estimated annual gas usage for unit 2 is 895.92 / monthly $74.66.

Last Agent to Sell the Property

James Kramer

Berkshire Hathaway HomeServices Chicago License #475127744 Listed on: 11/30/2015

Berkshire Hathaway HomeServices Chicago

Last Buyer's Agent

Anna Coakley

Berkshire Hathaway HomeServices KoenigRubloff

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,343

Year Built

  • Built in 1896

Lot Details

  • 2,614 Sq Ft Lot
  • Lot Dimensions are 24x125

Parking

  • 2 Car Detached Garage
  • Parking Space is Owned

Home Design

  • Frame Construction

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • 3 Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House

Schools

  • Audubon Elementary School

Utilities

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

Community Details

  • 2 Units
  • Roscoe Village Subdivision

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,343

Year Built

Built in 1896

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Subdivision Name: ROSCOE VILLAGE
  • Year Built: 1896
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service,Commuter Bus
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 3
  • Total Bedrooms: 4
  • Basement Description: Unfinished
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 3
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Dishwasher,Central Air Conditioner
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Dishwasher,Central Air Conditioner,Garage/Space

Exterior Features

  • List Price: 639000
  • Waterfront: No
  • Exterior Building Type: Frame

Garage/Parking

  • Garage Spaces: 2
  • ParkingTotal: 2
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Forced Air
  • Water Source: Lake Michigan

Schools

  • Elementary School: AUDUBON ELEMENTARY SCHOOL
  • Middle/Junior School: AUDUBON ELEMENTARY SCHOOL
  • Middle/Junior School District: 299

Lot Info

  • Lot Size Acres: 0.06
  • Lot Dimensions: 24X125
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8

Tax Info

  • Tax Annual Amount: 5343.19
  • Tax Year: 2014

Multi Family

  • Units in Building: 2
  • Three Bedroom Number of Units: No
  • Type-Multi: 2 Flat

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 26, 2017
Sold by
Faha Management Llc
Bought by
Liberman Ron A and Liberman Jacqueline N
Current Estimated Value
$1,894,139

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
2.85%
Mortgage Type
Commercial

Purchase Details

Listed on
Nov 30, 2015
Closed on
Mar 8, 2016
Sold by
Mahoney Patricia
Bought by
Faha Management Llc 2042 W Melrose Serie
Seller's Agent
James Kramer
Berkshire Hathaway HomeServices Chicago
Buyer's Agent
Anna Coakley
Berkshire Hathaway HomeServices KoenigRubloff
List Price
$639,000
Sold Price
$605,000
Premium/Discount to List
-$34,000
-5.32%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.84%
Original Mortgage
$424,250
Interest Rate
6%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 25, 2002
Sold by
Mahoney Patricia
Bought by
Mahoney Patricia and Mahoney Gail Mary

Purchase Details

Closed on
Jul 27, 2002
Sold by
Merlock John J
Bought by
Mahoney Patricia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
6.64%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 1, 1993
Sold by
Marker Thomas D and Moore Deborah L
Bought by
Merlock John J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$184,500
Interest Rate
6.5%
Mortgage Type
Commercial
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
Liberman Ron A $1,475,000 Chicago Title
Faha Management Llc 2042 W Melrose Serie $605,000 Attorney
Mahoney Patricia -- --
Mahoney Patricia $450,000 --
Merlock John J $116,666 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Liberman Ron A $843,300
Closed Liberman Ron A $1,000,000
Previous Owner Faha Management Llc 2042 W Melrose Serie $424,250
Previous Owner Mahoney Patricia $225,000
Previous Owner Merlock John J $184,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/16/2016 03/16/16 Sold $605,000 -5.3% --
02/02/2016 02/02/16 Pending -- -- --
11/30/2015 11/30/15 For Sale $639,000 -- --
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 $24,186 $167,685 $46,500 $121,185
2023 $23,556 $117,945 $37,500 $80,445
2022 $23,556 $117,945 $37,500 $80,445
2021 $23,048 $117,945 $37,500 $80,445
2020 $26,697 $122,943 $15,600 $107,343
2019 $27,853 $142,063 $15,600 $126,463
2018 $27,384 $142,063 $15,600 $126,463
2017 $2,971 $13,800 $13,800 $0
2016 $6,230 $33,600 $13,800 $19,800
2015 $7,568 $43,923 $13,800 $30,123
2014 $5,343 $31,367 $10,800 $20,567
2013 $5,227 $31,367 $10,800 $20,567
Source: Public Records

Agents Affiliated with this Home

  • James Kramer

    Seller's Agent in 2016

    James Kramer

    Berkshire Hathaway HomeServices Chicago

    (312) 953-6394

    101 Total Sales

    James Kramer
    Section Image

  • A

    Buyer's Agent in 2016

    Anna Coakley

    Berkshire Hathaway HomeServices KoenigRubloff

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 09094161

Midwest Real Estate Data (MRED)

APN: 14-19-327-026-0000

Illinois Cook County Chicago 60618 Roscoe Village

2042 W Melrose St, Chicago, IL

This home is located at 2042 W Melrose St, Chicago, IL 60618 since 30 November 2015 and is currently estimated at $1,894,139. This property was built in 1896. 2042 W Melrose St is a home located in Cook County with nearby schools including John James Audubon Elementary School, Lake View High School, and Saint Luke Academy.

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