NOT LISTED FOR SALE

2723 N Lakewood Ave Chicago, IL 60614

West DePaul Neighborhood

Estimated Value: $2,621,000 - $4,927,000

5 Beds
6 Baths
6,365 Sq Ft
$606/Sq Ft Est. Value

Last Sold October 01, 2020

Last sale price $3,125,000 $491 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $26,455/month

351 Days on Market

Highlights

  • Great Room
  • Mud Room
  • Den
  • Lincoln Park High School Rated A
  • Play Room
  • 3-minute walk to South Lakeview Park

About This Home

As of October 2020

Incredible custom home built on an extraordinary 40' parcel. Stunning exterior leads to architecturally distinctive & gorgeous interior spaces. The residence features soaring ceilings with wonderful natural light, and spacious rooms throughout. Spectacular kitchen with highest end appliances overlooks amazing back yard with fireplace. Property includes 4 large bedroom suites with 4 full bathrooms, 2 powder rooms, 2 laundry rooms. 5th bedroom currently exercise room w/ full-size steam room & sauna. Bonus room off yard/garage perfect for entertaining or an "in-house" getaway! Main level office. Wonderful master suite with sitting area, dual closet, and dream bathroom. Huge lower level recreation room with great natural light and adjacent den/play room. No expense spared inside and out--geothermal system, backup generator, radiant heat on all levels, and a exterior snow melt system on all sidewalks. Three car garage. Extremely functional yet innovative and noticeably distinctive home.

Last Agent to Sell the Property

Tim Salm

Jameson Sotheby's Intl Realty License #475133721 Listed on: 06/18/2019

Jameson Sotheby's Intl Realty

Co-Listed By

Steven Golovan

Jameson Sotheby's Intl Realty License #471010799

Last Buyer's Agent

Debi Weinberg

@properties Christie's International Real Estate License #475126112

@properties Christie's International Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $65,235

Year Built

  • 2014

Lot Details

  • Southern Exposure
  • East or West Exposure

Parking

  • Detached Garage
  • Parking Included in Price
  • Garage Is Owned

Home Design

  • Stone Siding
  • Limestone

Interior Spaces

  • Primary Bathroom is a Full Bathroom
  • Mud Room
  • Great Room
  • Sitting Room
  • Den
  • Library
  • Play Room

Kitchen

  • Breakfast Bar
  • Walk-In Pantry
  • Butlers Pantry
  • Oven or Range
  • Microwave
  • High End Refrigerator
  • Freezer
  • Dishwasher
  • Disposal

Laundry

  • Dryer
  • Washer

Finished Basement

  • English Basement
  • Finished Basement Bathroom

Eco-Friendly Details

  • North or South Exposure

Utilities

  • Forced Air Zoned Cooling and Heating System
  • Heating System Uses Gas
  • Radiant Heating System

Listing and Financial Details

  • Homeowner Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$65,235

Year Built

2014

Lot Details

0

Parking

3

Listing Details

  • Property Type: Detached Single
  • Age: 6-10 Years
  • Full Bathrooms: 4
  • Half Bathrooms: 2
  • Number Interior Fireplaces: 2
  • Ownership: Fee Simple
  • Total Full or Half Bathrooms: 4.2
  • Type Detached: 2 Stories
  • Estimated Year Built: 2014
  • Tax Exemptions: Homeowner
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 2014

Interior Features

  • Number Of Rooms: 14
  • Living Room: Dimensions: 25X14, On Level: Main Level
  • Appliances: Oven/Range, Microwave, Dishwasher, High End Refrigerator, Freezer, Washer, Dryer, Disposal
  • Fireplace Location: Family Room, Living Room
  • Basement: English
  • Basement: Finished
  • Basement Bathrooms: Yes
  • Bedrooms All Levels: 5
  • Primary Bedroom Bath: Full
  • Above Grade Bedrooms: 5
  • Laundry: Dimensions: 10X6, On Level: 2nd Level
  • Dining Room: Dimensions: 22X14, On Level: Main Level
  • Kitchen Type: Dimensions: 11X23, On Level: Main Level
  • Kitchen Type: Eating Area-Table Space, Pantry-Butler, Pantry-Closet
  • Additional Rooms: 5th Bedroom, Den, Great Room, Library, Mud Room, Play Room, Sitting Room
  • Master Bedroom: Dimensions: 18X16, On Level: 2nd Level
  • Additional Room 1 Name: Library, Dimensions: 9X13, On Level: Main Level
  • Additional Room 2 Name: Great Rm, Dimensions: 19X26, On Level: Main Level
  • Bedroom 2: Dimensions: 15X15, On Level: 2nd Level
  • Additional Room 3 Name: Mud, Dimensions: 9X5, On Level: Main Level
  • Bedroom 3: Dimensions: 15X14, On Level: 2nd Level
  • Additional Room 4 Name: 5th Bdrm, Dimensions: 16X11, On Level: Lower
  • Bedroom 4: Dimensions: 15X14, On Level: Lower
  • Additional Room 5 Name: Playroom, Dimensions: 10X9, On Level: Lower
  • Additional Room 6 Name: Den, Dimensions: 14X13, On Level: 2nd Level
  • Additional Room 7 Name: Sitting, Dimensions: 9X11, On Level: 2nd Level
  • Estimated Sq Ft: 6365
  • Dining Room Type: Separate
  • Family Room: Dimensions: 29X20, On Level: Lower

Exterior Features

  • Lot Size: Oversized Chicago Lot
  • Exterior Building Type: Stone, Limestone
  • Exposure: N (North), S (South), E (East), W (West)
  • Acreage: 0.1162

Garage/Parking

  • Number of Cars: 3
  • Parking: Garage
  • Garage Type: Detached
  • Garage On Site: Yes
  • Number Garage Spaces: 3
  • Parking Included In Price: Yes
  • Garage Ownership: Owned

Utilities

  • Air Conditioner: Central Air, Zoned
  • Water: Public
  • Sewer: Sewer-Public
  • Heating Fuel: Gas, Forced Air, Radiant

Schools

  • School District: 299
  • Elementary School: Agassiz Elementary School
  • High School: Lincoln Park High School
  • Junior High Dist: 299

Lot Info

  • Lot Dimensions: 40X124
  • Parcel Identification Number: 14293050460000

Green Features

  • Green Features: Geothermal Heating/Cooling System

Tax Info

  • Taxes: 39627.02

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 18, 2019
Closed on
Sep 22, 2020
Sold by
Rasmussen David J and Musgrave Alison J
Bought by
Chicago Title Land Trust Company
Seller's Agent
Tim Salm
Jameson Sotheby's Intl Realty
Buyer's Agent
Debi Weinberg
@properties Christie's International Real Estate
List Price
$3,500,000
Sold Price
$3,125,000
Premium/Discount to List
-$375,000
-10.71%
Current Estimated Value
$3,857,635

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$732,635
Avg. Annual Appreciation
3.79%
Original Mortgage
$343,750
Outstanding Balance
$308,667
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$3,442,999
Source: Public Records

Range of Values:

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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
Chicago Title Land Trust Company $3,125,000 Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chicago Title Land Trust Company $343,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/01/2020 10/01/20 Sold $3,125,000 -10.7% $491 / Sq Ft
06/03/2020 06/03/20 Pending -- -- --
06/18/2019 06/18/19 For Sale $3,500,000 -- $550 / 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 $65,235 $349,000 $94,116 $254,884
2023 $63,572 $312,500 $75,900 $236,600
2022 $63,572 $312,500 $75,900 $236,600
2021 $63,679 $320,000 $75,900 $244,100
2020 $45,909 $209,185 $36,432 $172,753
2019 $44,993 $227,375 $36,432 $190,943
2018 $51,883 $266,088 $36,432 $229,656
2017 $39,627 $187,456 $32,384 $155,072
2016 $37,045 $187,456 $32,384 $155,072
2015 $40,072 $221,303 $32,384 $188,919
2014 $24,041 $129,575 $27,324 $102,251
2013 $4,970 $27,324 $27,324 $0
Source: Public Records

Agents Affiliated with this Home

  • Tim Salm

    Seller's Agent in 2020

    Tim Salm

    Jameson Sotheby's Intl Realty

    (312) 751-0300

    4 in this area

    180 Total Sales

    Tim Salm
    Section Image

  • S

    Seller Co-Listing Agent in 2020

    Steven Golovan

    Jameson Sotheby's Intl Realty

    Section Image
  • Debi Weinberg

    Buyer's Agent in 2020

    Debi Weinberg

    @ Properties

    (847) 997-9934

    3 in this area

    38 Total Sales

    Debi Weinberg
    Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10421562

Midwest Real Estate Data (MRED)

APN: 14-29-305-046-0000

Illinois Cook County Chicago 60614 West DePaul

2723 N Lakewood Ave, Chicago, IL

This home is located at 2723 N Lakewood Ave, Chicago, IL 60614 since 18 June 2019 and is currently estimated at $3,857,635, approximately $606 per square foot. This property was built in 2014. 2723 N Lakewood Ave is a home located in Cook County with nearby schools including Harriet Tubman Elementary School, Lincoln Park High School, and Alphonsus Academy & Center For The Arts.

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