NOT LISTED FOR SALE

2050 N Racine Ave Unit 1 Chicago, IL 60614

West DePaul Neighborhood

Estimated Value: $815,000 - $964,000

3 Beds
3 Baths
2,200 Sq Ft
$150/mo HOA Fee

Last Sold February 11, 2022

Last sale price $675,000 $307 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $5,721/month

78 Days on Market

Highlights

  • Living Room with Fireplace
  • Formal Dining Room
  • Detached Garage
  • Mayer Elementary School Rated A-

About This Home

As of February 2022

Welcome to this sprawling 3-bedroom, 3 bathroom duplex-down located in the heart of Lincoln Park! Upon entering the home you will be greeted with an abundance of natural light from your east-facing windows (replaced in 2015), high ceilings, crown molding throughout, a cozy fireplace with built-in storage and an open concept layout. Recently updated kitchen offers 42" white shaker cabinets, 2021 tile backsplash, stainless steel appliances, and a large breakfast bar. Adjacent space for a dining room table makes entertaining a breeze. Large primary bedroom suite easily fits a king-sized bed and offers a walk-in closet with Elfa system, an en-suite bathroom that has been recently updated with new tile and features a walk-in shower! Large rear deck for enjoying the summer months! Large secondary bedroom and full hallway bathroom with tub/shower combo complete this level. Massive lower-level recreation room offers the perfect amount of space for a comfy sectional, pool table and Peloton. Lower level also features a third full bedroom and bathroom. Brand new Trex common garage rooftop deck and external storage area. Garage parking space and in-unit laundry complete this home! Oscar Mayer School! Excellent location minutes from Sweet Mandy B's, Old Pueblo, Tarantino's, Floriole, Trader Joe's, Armitage Brown & Purple Line CTA. This is a must-see!

Last Agent to Sell the Property

D. Waveland Kendt

@properties Christie's International Real Estate License #475128005 Listed on: 10/04/2021

@properties Christie's International Real Estate

Last Buyer's Agent

Kelly Parker

Compass License #475125501

Compass

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $10,726

Year Built

  • 1994

Lot Details

  • 3,136

HOA Fees

  • $150 per month

Parking

  • Detached Garage
  • Garage Door Opener
  • Parking Included in Price

Home Design

  • Brick Exterior Construction

Interior Spaces

  • Living Room with Fireplace
  • Formal Dining Room
  • Finished Basement
  • Finished Basement Bathroom

Listing and Financial Details

  • Homeowner Tax Exemptions

Community Details

Overview

  • 3 Units

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$10,726

Year Built

1994

Lot Details

0

HOA Fees

$150 per month

Parking

1

Listing Details

  • Property Type: Attached Single
  • Property Type: Residential
  • Type Attached: Condo
  • Property Sub Type: Condo
  • Age: 26-30 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: 1
  • Directions: North of Armitage on West side of street
  • Lot Size: COMMON
  • New Construction: No
  • Ownership: Condo
  • Special Features: None
  • Year Built: 1994

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer
  • Has Basement: Full
  • Fireplace Features: Gas Log
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: Finished
  • Basement Bathrooms: Yes
  • Below Grade Bedrooms: 0
  • Dining Room: Separate
  • Total Sq Ft: 0
  • Fireplace Location: Living Room
  • Total Sq Ft: 0
  • Full Bathrooms: 3
  • Possible Bedrooms: 3
  • Total Bedrooms: 3
  • Fireplaces: 1
  • Interior Amenities: Skylight(s)
  • Dining Room Type: Recreation Room, Balcony/Porch/Lanai
  • Stories: 3

Exterior Features

  • Roof: Asphalt
  • Exterior Features: Balcony, Deck, Storms/Screens
  • Foundation Details: Concrete Perimeter
  • Exterior Building Type: Brick
  • Waterfront: No

Garage/Parking

  • Number of Cars: 1
  • Garage Details: Garage Door Opener(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage
  • Garage Spaces: 1

Utilities

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

Condo/Co-op/Association

  • Management: Self-Management
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: N/A
  • Management Contact Name: N/A
  • Management Phone: 999-999-9999
  • Amenities: Storage, Sundeck
  • Association Fee: 150
  • Association Fee Frequency: Monthly
  • Pets Allowed: Cats OK, Dogs OK

Fee Information

  • Association Fee Includes: Water, Insurance, Exterior Maintenance, Scavenger

Schools

  • Elementary School: Oscar Mayer Elementary School
  • High School: Lincoln Park High School
  • Junior High Dist: 299
  • Middle Or Junior School: Oscar Mayer Elementary School

Lot Info

  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Pets Allowed (Y/N): Yes
  • Is Parking Included in Price: Yes
  • Max Pet Weight: 999

Multi Family

  • Units in Building: 3

Tax Info

  • Tax Exemptions: Homeowner
  • Tax Annual Amount: 10421
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 4, 2021
Closed on
Feb 18, 2022
Sold by
Sharpe Joseph M
Bought by
Ritts Timothy B and Ritts Kaitlyn E
Seller's Agent
D. Waveland Kendt
@properties Christie's International Real Estate
Buyer's Agent
Kelly Parker
Compass
List Price
$699,900
Sold Price
$675,000
Premium/Discount to List
-$24,900
-3.56%
Current Estimated Value
$884,683

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$209,683
Avg. Annual Appreciation
7.59%
Original Mortgage
$540,000
Outstanding Balance
$499,579
Interest Rate
3.25%
Estimated Equity
$385,104

Purchase Details

Listed on
Oct 4, 2021
Closed on
Feb 9, 2022
Sold by
Sharpe Joseph M
Bought by
Ritts Timothy B and Ritts Kaitlyn E
Seller's Agent
D. Waveland Kendt
@properties Christie's International Real Estate
Buyer's Agent
Kelly Parker
Compass
List Price
$699,900
Sold Price
$675,000
Premium/Discount to List
-$24,900
-3.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$540,000
Outstanding Balance
$499,579
Interest Rate
3.25%
Estimated Equity
$385,104

Purchase Details

Closed on
Oct 6, 2006
Sold by
Garcea Brian and Garcea Marcy
Bought by
Sharpe Joseph M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
6.5%
Mortgage Type
Unknown

Purchase Details

Closed on
Mar 23, 1999
Sold by
Garber John R
Bought by
Heider C Mark

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
7.04%
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
Ritts Timothy B $675,000 --
Ritts Timothy B $675,000 --
Sharpe Joseph M $560,000 Cti
Heider C Mark $375,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ritts Timothy B $540,000
Closed Ritts Timothy B $540,000
Previous Owner Sharpe Joseph M $260,000
Previous Owner Heider C Mark $300,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/11/2022 02/11/22 Sold $675,000 -3.6% $307 / Sq Ft
12/22/2021 12/22/21 Pending -- -- --
10/04/2021 10/04/21 For Sale $699,900 -- $318 / 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 $10,726 $63,908 $17,680 $46,228
2023 $10,403 $54,000 $14,258 $39,742
2022 $10,403 $54,000 $14,258 $39,742
2021 $10,189 $53,998 $14,257 $39,741
2020 $10,422 $49,885 $12,546 $37,339
2019 $10,196 $54,180 $12,546 $41,634
2018 $10,024 $54,180 $12,546 $41,634
2017 $9,058 $45,453 $10,265 $35,188
2016 $8,604 $45,453 $10,265 $35,188
2015 $7,848 $45,453 $10,265 $35,188
2014 $9,106 $51,647 $7,699 $43,948
2013 $8,915 $51,647 $7,699 $43,948
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11237200

Midwest Real Estate Data (MRED)

APN: 14-32-134-056-1001