NOT LISTED FOR SALE

The Opera Lofts 2545 S Dearborn St Unit 302 Chicago, IL 60616

Dearborn Neighborhood

Estimated Value: $344,000 - $410,000

2 Beds
2 Baths
1,377 Sq Ft
0.89 Acres Lot

Sale Details

Date Sold: October 2, 2020

Last sale price $357,000 $259 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $2,808 / mo

4 Days on Market

Highlights

  • Vaulted Ceiling
  • Main Floor Bedroom
  • Home Office
  • Wood Flooring
  • Whirlpool Bathtub
  • 5-minute walk to Williams Park

About This Home

As of October 2020

Experience the ultimate in loft living with this one of a kind two-story 2BR/2BA condo featuring an additional 10 x 14 2nd-floor loft/den and 10 x 7 walk-in closet in the historic Opera Lofts building. Once the design workshop for the world-famous Lyric Opera, this building features classic architectural detail mixed with modern amenities. This home has incredible attributes such as the concrete ceilings, exposed brick walls, newly refinished hardwood flooring, open concept living area, and spa-inspired bathrooms. Freshly painted in a soft gray tone this condo is flooded with light from the sunny eastern exposure. There is a large balcony to enjoy the beautiful skyline and sunrises. Entertaining is easy with the open floorplan highlighted by dramatic 18 ft ceilings and the large kitchen featuring granite countertops, Espresso finished 42 inch Maple cabinetry, large center island, and stainless steel appliances. The master bedroom is enclosed and has a spacious ensuite bathroom, featuring a large whirlpool soaking tub, separate shower, and double sink vanity. The second floor is accessed by a spiral staircase and has a 14 x 10 office/study and thoughtfully designed walk-in closet (10 x 7) and an additional 7 x 7 storage closet brand new neutral carpet just installed. Both bathrooms are appointed with stone flooring and countertops. The second bedroom can easily fit a queen-sized bed and has plenty of closet space and is close to the second full bathroom. This elevator loft building is professionally managed. It has an oversized common roof-deck area for lounging. There is also a Pet walk area, bike storage, and a fitness facility. Indoor attached heated garage parking space #36 (additional $30,000) can easily accommodate extra storage and is located on the first floor. This home is conveniently located by the South Loop, US cellular Field, McCormick Place, and Soldier Field. Easy access to the Loop, lakefront, expressways, China Town, and many restaurants.

Last Agent to Sell the Property

Carin Powell

HomeSmart Connect LLC License #475132967 Listed on: 08/12/2020

Last Buyer's Agent

Mark Michalek

@properties Christie's International Real Estate License #475121231

@properties Christie's International Real Estate

Property Details

Home Type

  • Condominium

Year Built | Renovated

  • 1909 | 2006

Lot Details

  • 0.89

HOA Fees

  • $334 per month

Parking

  • Attached Garage
  • Heated Garage
  • Garage Door Opener
  • Parking Included in Price

Home Design

  • Brick Exterior Construction

Interior Spaces

  • Vaulted Ceiling
  • Gas Log Fireplace
  • Home Office
  • Storage Room
  • Wood Flooring

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Kitchen Island
  • Disposal

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • Walk-In Closet
  • Primary Bathroom is a Full Bathroom
  • Bathroom on Main Level
  • Dual Sinks
  • Whirlpool Bathtub
  • Separate Shower

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Utilities

  • Central Air
  • Heating System Uses Gas
  • Lake Michigan Water

Additional Features

  • Balcony
  • East or West Exposure
  • Property is near bus stop

Community Details

  • Pets Allowed

Property Details

Home Type

Condominium

Year Built | Renovated

1909 | 2006

Lot Details

0.89 Acres

HOA Fees

$334 per month

Parking

1

Listing Details

  • Property Type: Attached Single
  • Built Before 1978 (Y/N): Yes
  • General Information: Commuter Bus, Commuter Train, Interstate Access
  • Recent Rehab: Yes
  • Unit Floor Level: 3
  • Age: 100+ Years
  • Full Bathrooms: 2
  • Number Interior Fireplaces: 1
  • Ownership: Condo
  • Rehab Year: 2006
  • Total Full or Half Bathrooms: 2
  • Estimated Year Built: 1909
  • Type Attached: Condo, Condo-Loft
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 7
  • Year Built: 1909
  • Year Renovated: 2006

Interior Features

  • Interior Property Features: Vaulted/Cathedral Ceilings, Elevator, Hardwood Floors, 1st Floor Bedroom, 1st Floor Laundry, 1st Floor Full Bath, Laundry Hook-Up in Unit, Walk-In Closet(s)
  • Number Of Rooms: 6
  • Living Room: Dimensions: 14X20, On Level: Main Level, Flooring: Hardwood
  • Appliances: Oven/Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Disposal, All Stainless Steel Kitchen Appliances
  • Fireplace Details: Gas Logs, Gas Starter
  • Fireplace Location: Living Room
  • Bedrooms All Levels: 2
  • Primary Bedroom Bath: Full
  • Bathroom Amenities: Whirlpool, Separate Shower, Double Sink, Soaking Tub
  • Above Grade Bedrooms: 2
  • Laundry: Dimensions: 3X4, On Level: Main Level, Flooring: Other
  • Dining Room: Dimensions: COMBO, On Level: Main Level
  • Kitchen Type: Dimensions: 14X10, On Level: Main Level, Flooring: Hardwood
  • Kitchen Type: Island
  • Additional Rooms: Balcony, Walk In Closet, Office, Storage
  • Master Bedroom: Dimensions: 11X22, On Level: Main Level, Flooring: Hardwood
  • Additional Room 1 Name: Balcony, Dimensions: 6X10, On Level: Main Level
  • Additional Room 2 Name: Walk in Closet, Dimensions: 14X7, On Level: 2nd Level, Flooring: Carpet
  • Bedroom 2: Dimensions: 11X11, On Level: Main Level, Flooring: Hardwood
  • Additional Room 3 Name: Office, Dimensions: 14X10, On Level: 2nd Level, Flooring: Carpet
  • Additional Room 4 Name: Storage, Dimensions: 7X7, On Level: 2nd Level, Flooring: Carpet
  • Estimated Sq Ft: 1377
  • Dining Room Type: Combined w/ LivRm

Exterior Features

  • Exterior Building Type: Brick
  • Exposure: E (East)

Garage/Parking

  • Number of Cars: 1
  • Parking: Garage
  • Garage Type: Attached
  • Garage Details: Garage Door Opener(s), Heated
  • Garage On Site: Yes
  • Number Garage Spaces: 1
  • Parking Included In Price: Yes
  • Deeded Garage Cost: 30000
  • Garage Ownership: Deeded Sold Separately

Utilities

  • Electricity: Circuit Breakers
  • Air Conditioner: Central Air
  • Water: Lake Michigan, Public
  • Sewer: Sewer-Public
  • Heating Fuel: Gas

Condo/Co-op/Association

  • Max Pet Weight: 999
  • Pets Allowed: Yes
  • Fee Frequency: Monthly
  • Management: Manager Off-site, Monday through Friday
  • Pet Information: Cats OK, Dogs OK
  • Assessment Includes: Water, Parking, Common Insurance, Exercise Facilities, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal
  • Assessment Association Fees: 334
  • Management Contact Name: Julie Bellis
  • Management Phone: 877-999-6491

Fee Information

  • Management Company: First Service Residential

Schools

  • Junior High Dist: 299

Lot Info

  • Lot Dimensions: COMMON
  • Parcel Identification Number: 17282370391059

Multi Family

  • Total Number Unitsin Building: 93
  • Number Stories: 7

Tax Info

  • Taxes: 5922.71

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 12, 2020
Closed on
Oct 2, 2020
Sold by
Mcclain James and Mcclain Sonia
Bought by
Smith Richard
Seller's Agent
Carin Powell
HomeSmart Connect LLC
Buyer's Agent
Mark Michalek
@properties Christie's International Real Estate
List Price
$335,000
Sold Price
$357,000
Premium/Discount to List
$22,000
6.57%
Current Estimated Value
$377,606

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$20,606
Avg. Annual Appreciation
1.02%
Original Mortgage
$365,211
Interest Rate
2.75%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Smith Richard $357,000 Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Smith Richard $365,211
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/02/2020 10/02/20 Sold $357,000 +6.6% $259 / Sq Ft
08/16/2020 08/16/20 Pending -- -- --
08/12/2020 08/12/20 For Sale $335,000 0.0% $243 / Sq Ft
11/14/2017 11/14/17 Rented $2,250 -2.2% --
10/18/2017 10/18/17 For Rent $2,300 -- --
Source: Midwest Real Estate Data (MRED)

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
2025 $5,834 $30,219 $1,825 $28,394
2024 $5,834 $30,219 $1,825 $28,394
2023 $5,665 $30,877 $1,477 $29,400
2022 $5,665 $30,877 $1,477 $29,400
2021 $5,556 $30,875 $1,476 $29,399
2020 $5,449 $24,461 $1,473 $22,988
2019 $5,503 $27,391 $1,473 $25,918
2018 $5,411 $27,391 $1,473 $25,918
2017 $3,328 $15,461 $1,172 $14,289
2016 $3,097 $15,461 $1,172 $14,289
2015 $2,833 $15,461 $1,172 $14,289
Source: Public Records

Agents Affiliated with this Home

  • Carin Powell

    Seller's Agent in 2020

    Carin Powell

    HomeSmart Connect LLC

    (630) 973-7369

    69 Total Sales

    Carin Powell
    Section Image
  • Mark Michalek

    Buyer's Agent in 2020

    Mark Michalek

    @ Properties

    (312) 927-6996

    42 Total Sales

    Mark Michalek
    Section Image

  • C

    Seller's Agent in 2017

    Cathleen Stabb

    @ Properties

    Section Image
  • Suzette Penn

    Buyer's Agent in 2017

    Suzette Penn

    Fathom Realty IL

    11 Total Sales

    Suzette Penn
    Section Image
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About The Opera Lofts

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10815533

Midwest Real Estate Data (MRED)

APN: 17-28-237-039-1059

Illinois Cook County Chicago 60616 Dearborn

2545 S Dearborn St Unit 302, Chicago, IL

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Midwest Real Estate Data (MRED) All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID

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