The Opera Lofts 2545 S Dearborn St Unit 316 Chicago, IL 60616
Dearborn Neighborhood
2
Beds
2
Baths
1,108
Sq Ft
$322/mo
HOA Fee
Highlights
- Fitness Center
- Vaulted Ceiling
- Granite Countertops
- Lock-and-Leave Community
- Wood Flooring
- 5-minute walk to Williams Park
About This Home
As of December 2022Welcome to the historic Opera Lofts! Originally built in 1909 as the Lyric Opera of Chicago's set and costume design workshop and storage facility. Today it houses architecturally dramatic loft residences, but its hallways and common spaces still display set pieces and relics from the Opera's rich past. #316 features 17ft ceilings, floor to ceiling windows, hardwood floors throughout, exposed brick, concrete, pipes and ductwork making it a very unique space. With just under 1200sf this 2bed/2bath plus office nook offers an updated kitchen with stainless steel appliances, granite countertops and garbage disposal. The oversized 17'x11' primary bedroom has both his/her closets, an ensuite bathroom with double vanity and a remodeled shower/tub combo. A modern second bathroom with a walk in shower, generously sized second bedroom, in unit laundry and tons of additional storage round out the apartment. Building amenities include a fitness center and rooftop deck with unobstructed city views. Deeded garage parking available as well for an additional $25k. Low HOAs, well run management and healthy association make this the complete package!
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $4,192
Year Built
- Built in 1909 | Remodeled in 2016
HOA Fees
- $322 Monthly HOA Fees
Parking
- 1 Car Attached Garage
- Parking Included in Price
- Deeded Parking Sold Separately
Home Design
- Brick Exterior Construction
- Concrete Perimeter Foundation
Interior Spaces
- 1,108 Sq Ft Home
- Vaulted Ceiling
- Combination Dining and Living Room
- Wood Flooring
Kitchen
- Range
- Microwave
- Dishwasher
- Stainless Steel Appliances
- Granite Countertops
- Disposal
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Potential Bedrooms
- 2 Full Bathrooms
- Dual Sinks
- Soaking Tub
- Separate Shower
Laundry
- Laundry Room
- Laundry on main level
- Dryer
- Washer
Utilities
- Central Air
- Heating System Uses Natural Gas
Additional Features
- Balcony
- Additional Parcels
Community Details
Overview
- Association fees include water, insurance, exercise facilities, exterior maintenance, scavenger, snow removal
- 93 Units
- Denise Burns Association, Phone Number (312) 564-5927
- Mid-Rise Condominium
- Opera Lofts Subdivision
- Property managed by The Building Group
- Lock-and-Leave Community
- 7-Story Property
Amenities
- Sundeck
- Elevator
- Service Elevator
Recreation
- Bike Trail
Pet Policy
- Dogs and Cats Allowed
Security
- Resident Manager or Management On Site
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 2, 2022
Closed on
Dec 8, 2022
Sold by
Vanderlinde Grayson L
Bought by
Svalesen Richard and Svalesen Teresita
Seller's Agent
Darrell Scott
Compass
Buyer's Agent
Andrew Svalesen
Real Broker LLC
List Price
$314,900
Sold Price
$325,000
Premium/Discount to List
$10,100
3.21%
Views
19
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$34,524
Avg. Annual Appreciation
5.13%
Purchase Details
Listed on
Sep 17, 2016
Closed on
Dec 14, 2016
Sold by
Hp Ventures Group Llc
Bought by
Vanderlinde Grayson L
Seller's Agent
Carrie McCormick
@properties Christie's International Real Estate
Buyer's Agent
Cora Lat
Century 21 Universal
List Price
$269,900
Sold Price
$288,000
Premium/Discount to List
$18,100
6.71%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.04%
Original Mortgage
$273,600
Interest Rate
5.5%
Mortgage Type
Commercial
Similar Homes in Chicago, IL
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $325,000 | Chicago Title | |
| Special Warranty Deed | $288,000 | Stewart Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $273,600 | Commercial |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/09/2023 12/09/23 | Rented | $2,800 | +12.0% | -- |
| 07/18/2023 07/18/23 | Under Contract | -- | -- | -- |
| 06/27/2023 06/27/23 | For Rent | $2,500 | 0.0% | -- |
| 12/12/2022 12/12/22 | Sold | $325,000 | +3.2% | $293 / Sq Ft |
| 11/28/2022 11/28/22 | Pending | -- | -- | -- |
| 11/02/2022 11/02/22 | For Sale | $314,900 | +9.3% | $284 / Sq Ft |
| 12/16/2016 12/16/16 | Sold | $288,000 | +6.7% | $260 / Sq Ft |
| 10/20/2016 10/20/16 | Pending | -- | -- | -- |
| 09/17/2016 09/17/16 | For Sale | $269,900 | -- | $244 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
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 | $6,536 | $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 | $3,895 | $17,484 | $2,511 | $14,973 |
| 2019 | $3,513 | $17,484 | $2,511 | $14,973 |
| 2018 | $3,454 | $17,484 | $2,511 | $14,973 |
| 2017 | $1,983 | $9,210 | $1,172 | $8,038 |
| 2016 | $1,845 | $9,210 | $1,172 | $8,038 |
| 2015 | $1,688 | $9,210 | $1,172 | $8,038 |
Source: Public Records
Agents Affiliated with this Home
-
Andrew Svalesen
A
Seller's Agent in 2023
Andrew Svalesen
Real Broker LLC
(312) 265-4720
1 in this area
6 Total Sales
-
Darrell Scott
Seller's Agent in 2022
Darrell Scott
Compass
(317) 340-8519
1 in this area
482 Total Sales
-
Carrie McCormick
Seller's Agent in 2016
Carrie McCormick
@ Properties
(312) 961-4612
726 Total Sales
-
C
Seller Co-Listing Agent in 2016
Cathleen Stabb
@ Properties
-
Cora Lat
C
Buyer's Agent in 2016
Cora Lat
Century 21 Universal
12 Total Sales
About The Opera Lofts
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11665382
APN: 17-28-237-039-1073
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