2051 E 72nd St Unit 1B Chicago, IL 60649
South Shore NeighborhoodEstimated payment $764/month
Highlights
- Formal Dining Room
- Laundry Room
- Dogs and Cats Allowed
- Living Room
- Family Room
About This Home
Affordable 2 bedroom condo in South Shore: Opportunity knocks in the historic South Shore neighborhood! This 2 bed/1 bath condo is perfect for conservative buyers or savvy investors looking to add value with a little TLC. This unit offers solid bones and tons of potential to make it your own. The living room is bright and open, with new flooring. A separate dining area leads into a functional kitchen that could shine with a few modern updates. Both bedrooms are good-sized with adequate closet space, and new carpeting. Located in a well-maintained building just minutes from the lakefront, South Shore Cultural Center, University of Chicago, the Obama Presidential Library, Lake Shore Drive, Metra, and public transportation. Low taxes make this an ideal option for first-time buyers, DIY enthusiasts, or investors looking for rental income potential. Sold "as-is." Bring your vision and build equity!
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $423
Year Renovated
- 2025
HOA Fees
- $479 Monthly HOA Fees
Home Design
- Entry on the 1st floor
- Brick Exterior Construction
Interior Spaces
- 3-Story Property
- Family Room
- Living Room
- Formal Dining Room
- Laundry Room
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Potential Bedrooms
- 1 Full Bathroom
Utilities
- No Cooling
- Heating System Uses Natural Gas
- Lake Michigan Water
Community Details
Overview
- Association fees include heat, water, exterior maintenance
- 18 Units
- Manager Association
- Low-Rise Condominium
- Property managed by 2051-61 72nd Street Condo Assoc
Amenities
- Laundry Facilities
Pet Policy
- Pets up to 60 lbs
- Limit on the number of pets
- Pet Size Limit
- Dogs and Cats Allowed
Map
Home Values in the Area
Average Home Value in this Area
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 | $423 | $5,640 | $1,044 | $4,596 |
| 2023 | $411 | $2,000 | $1,000 | $1,000 |
| 2022 | $411 | $2,000 | $1,000 | $1,000 |
| 2021 | $455 | $1,998 | $999 | $999 |
| 2020 | $455 | $5,144 | $1,449 | $3,695 |
| 2019 | $449 | $5,664 | $1,449 | $4,215 |
| 2018 | $440 | $5,664 | $1,449 | $4,215 |
| 2017 | $308 | $4,804 | $1,275 | $3,529 |
| 2016 | $462 | $4,804 | $1,275 | $3,529 |
| 2015 | $400 | $4,804 | $1,275 | $3,529 |
| 2014 | $280 | $4,075 | $1,043 | $3,032 |
| 2013 | $263 | $4,075 | $1,043 | $3,032 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/03/2025 09/03/25 | Pending | -- | -- | -- |
| 08/29/2025 08/29/25 | Price Changed | $47,000 | -5.1% | -- |
| 08/06/2025 08/06/25 | For Sale | $49,500 | 0.0% | -- |
| 07/12/2025 07/12/25 | Pending | -- | -- | -- |
| 06/30/2025 06/30/25 | Price Changed | $49,500 | -10.0% | -- |
| 05/16/2025 05/16/25 | Price Changed | $55,000 | -8.3% | -- |
| 05/06/2025 05/06/25 | Price Changed | $60,000 | -7.7% | -- |
| 04/18/2025 04/18/25 | For Sale | $65,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Special Warranty Deed | $40,000 | Title 365 | |
| Warranty Deed | $40,000 | -- | |
| Quit Claim Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $74,420 | New Conventional | |
| Previous Owner | $77,000 | Unknown | |
| Previous Owner | $12,000 | Unknown | |
| Previous Owner | $34,000 | Purchase Money Mortgage |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12333937
APN: 20-25-207-047-1001
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