NOT LISTED FOR SALE

Estimated Value: $257,000 - $287,000

1 Bed
1 Bath
725 Sq Ft
3.47 Acres

Last Sold February 12, 2013

Last sale price $222,000 $306 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $1,887/month

Highlights

  • Doorman
  • 4-minute walk to State/Lake Station (Downtown Loop)
  • Rooftop Deck
  • Boat Dock
  • Fitness Center
  • Waterfront

About This Home

As of June 2024

Bright & spacious Northeast facing remodeled Marina City 1 bedroom with two private balconies! Stunning city views! Floor to ceiling windows, kitchen features SS appliances, granite counter tops, cherry cabinets, breakfast bar. Historic landmark building features 24-hour door person, grocery store, dry cleaners, exercise room, party room, rooftop sundeck & storage. Steps to Red Line, buses, dining, theaters and Michigan Ave. Rental parking available. Cats OK, No dogs. Minimum 12 month lease. Available July 1st!

Last Agent to Rent the Property

Mike Frank

Keller Williams Preferred Realty License #475129769 Listed on: 05/27/2024

Keller Williams Preferred Realty

Co-Listed By

James Frank

Keller Williams Preferred Realty License #475160546

Last Renter's Agent

Mike Frank

Keller Williams Preferred Realty License #475129769 Listed on: 05/27/2024

Keller Williams Preferred Realty

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,064

Year Built

  • Built in 1961 | Remodeled in 2018

Lot Details

  • Waterfront

Parking

  • 800 Car Attached Garage
  • Leased Parking

Home Design

  • Concrete Block And Stucco Construction

Interior Spaces

  • 725 Sq Ft Home
  • Ceiling Fan
  • Combination Dining and Living Room
  • Storage
  • Laundry in multiple locations

Kitchen

  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Potential Bedroom
  • Walk-In Closet
  • 1 Full Bathroom

Outdoor Features

  • Rooftop Deck

Utilities

  • Two Cooling Systems Mounted To A Wall/Window
  • Two Heating Systems
  • Baseboard Heating
  • Lake Michigan Water

Listing and Financial Details

  • Security Deposit $2,200
  • Property Available on 7/1/24
  • Rent includes cable TV, water, scavenger, doorman, exterior maintenance, lawn care, snow removal
  • 12 Month Lease Term

Community Details

Overview

  • 895 Units
  • Association Phone (312) 644-1187
  • High-Rise Condominium
  • Marina Towers Subdivision
  • 61-Story Property

Amenities

  • Doorman
  • Valet Parking
  • Sundeck
  • Party Room
  • Coin Laundry
  • Elevator
  • Service Elevator
  • Package Room
  • Convenience Store

Recreation

  • Boat Dock

Pet Policy

  • Cats Allowed

Security

  • Resident Manager or Management On Site

Condo Details

Home Type

Condominium

Est. Annual Taxes

$5,064

Year Built

Built in 1961 | Remodeled in 2018

Lot Details

0

Parking

800

Rental Info

  • Available Date: 2024-07-01
  • Lease Amount: 255
  • Lease Term: 12 Months
  • Board Number: 8
  • Pets Allowed (Y/N): Yes
  • Type of Rental Property: Attached
  • Rental Price: 2100
  • Security Deposit: 2200
  • Is Parking Included in Price: No
  • Fees/Approvals: Credit Report,Move-in Fee,Move-in Mon-Fri,Move Out Fee,Refundable Damage Deposit

Listing Details

  • Property Type: Residential Lease
  • Property Type: Residential Lease
  • Type Attached: Condo,High Rise (7+ Stories)
  • Property Sub-Type: Attached
  • Subdivision Name: Marina Towers
  • Year Built: 1961
  • Age: 61-70 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: Commuter Bus,Commuter Train
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Unit Floor Level: 28
  • Rehab Year: 2018
  • ResoPropertyType: ResidentialLease
  • MonthToMonthYN: No
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 61
  • Year Renovated: 2018

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator
  • Basement: None
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 1
  • Furnished: No
  • Interior Amenities: Storage
  • LivingArea: 725
  • Other Equipment: Ceiling Fan(s)
  • Room Type: Balcony/Porch/Lanai, Walk In Closet
  • Stories Total: 61
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: None
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Combined w/ LivRm
  • Total Sq Ft: 0
  • Total Sq Ft: 0
  • ResoLivingAreaSource: Estimated

Exterior Features

  • ExteriorFeatures: Balcony, Roof Deck
  • List Price: 2100
  • Waterfront: Yes
  • Exterior Building Type: Concrete

Garage/Parking

  • Garage Spaces: 800
  • ParkingTotal: 800
  • Garage On-Site: Yes
  • Garage Ownership: Fee/Leased
  • Garage Type: Attached
  • Parking: Garage
  • Lowest Parking Fee: 285

Utilities

  • Sewer: Public Sewer
  • Cooling: Window/Wall Units - 2
  • Electric: Circuit Breakers
  • Heating: Electric, Baseboard, Sep Heating Systems - 2+
  • Laundry Features: Common Area, Multiple Locations
  • Water Source: Lake Michigan, Public

Condo/Co-op/Association

  • Pets Allowed: Cats OK
  • Association Amenities: Boat Dock, Door Person, Coin Laundry, Commissary, Elevator(s), Exercise Room, Storage, On Site Manager/Engineer, Party Room, Sundeck, Receiving Room, Service Elevator(s), Valet/Cleaner
  • Rent Includes: Cable TV, Water, Scavenger, Doorman, Exterior Maintenance, Lawn Care, Snow Removal
  • Management: Manager On-site,Monday through Friday
  • Management Phone: 312-644-1187X8

Schools

  • Middle/Junior School District: 299

Lot Info

  • Lot Dimensions: COMMON
  • Rural (Y/N): N

Multi Family

  • Units in Building: 895

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 4, 2019
Closed on
Jun 11, 2019
Sold by
Gakhal Nick
Bought by
Otkina Olga
Seller's Agent
Mike Frank
Keller Williams Preferred Realty
Buyer's Agent
Abby Kelley
@properties Christie's International Real Estate
Sold Price
$1,900
Current Estimated Value
$275,055

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$273,155

Purchase Details

Closed on
Sep 18, 2017
Sold by
Schwartz Marty and The Marina Tower Trust
Bought by
Gakhal Nick

Purchase Details

Closed on
May 20, 2016
Sold by
Gakhal Nick
Bought by
Polaczek Renee and The Marina Tower Trust

Purchase Details

Listed on
Oct 24, 2012
Closed on
Feb 6, 2013
Sold by
Cleary Sean Arthur
Bought by
Gakhal Nick
Seller's Agent
Brian Muir
Alto Realty
Buyer's Agent
Barbara Voogt
Real People Realty
List Price
$252,000
Sold Price
$222,000
Premium/Discount to List
-$30,000
-11.9%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.71%
Original Mortgage
$177,600
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 3, 2011
Sold by
Sara Lynn Cleary Revocable Trust
Bought by
Cleary Sean Arthur

Purchase Details

Closed on
Jan 12, 2008
Sold by
Kim Sun Young
Bought by
Sara Lynn Cleary Revocable Trust

Purchase Details

Closed on
Jul 5, 2006
Sold by
Chaudhuri Milan K and Chaudhuri Krishna
Bought by
Kim Sun Young

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$13,700
Interest Rate
6.73%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Nov 26, 2001
Sold by
Great Lakes Trust Company Na
Bought by
Chaudhuri Milan K and Chaudhuri Krishna

Purchase Details

Closed on
Jun 25, 2001
Sold by
Pearson
Bought by
Great Lakes Trust Company and Trust #85001

Purchase Details

Closed on
Oct 12, 1999
Sold by
Taylor John
Bought by
Pearson Debra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,500
Interest Rate
12.7%

Purchase Details

Closed on
Oct 1, 1999
Sold by
Va
Bought by
Taylor John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,500
Interest Rate
12.7%

Purchase Details

Closed on
Apr 4, 1994
Sold by
Baker William S
Bought by
Va
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
Otkina Olga -- None Available
Gakhal Nick -- Attorney
Polaczek Renee -- None Available
Gakhal Nick $222,000 Attorneys Title Guaranty Fun
Cleary Sean Arthur -- None Available
Sara Lynn Cleary Revocable Trust $254,000 Republic Title Co
Kim Sun Young $274,000 Chicago Title Insurance Co
Chaudhuri Milan K $170,000 --
Great Lakes Trust Company -- --
Pearson Debra $150,000 --
Taylor John -- --
Va -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gakhal Nick S $87,500
Previous Owner Gakhal Nick $177,600
Previous Owner Kim Sun Young $13,700
Previous Owner Kim Sun Young $219,200
Previous Owner Pearson Debra $112,500
Closed Pearson Debra $30,000
Closed Chaudhuri Milan K $0
Closed Chaudhuri Milan K $16,990
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/25/2024 06/25/24 Rented $2,100 0.0% --
06/14/2024 06/14/24 Price Changed $2,100 -4.5% $3 / Sq Ft
05/27/2024 05/27/24 For Rent $2,200 +10.0% --
02/01/2023 02/01/23 Rented $2,000 0.0% --
01/14/2023 01/14/23 For Rent $2,000 +2.6% --
05/06/2022 05/06/22 Rented $1,950 0.0% --
03/31/2022 03/31/22 For Rent $1,950 +2.6% --
06/01/2019 06/01/19 Rented $1,900 -2.6% --
04/04/2019 04/04/19 For Rent $1,950 +5.4% --
02/01/2017 02/01/17 Rented $1,850 0.0% --
12/29/2016 12/29/16 Under Contract -- -- --
10/19/2016 10/19/16 For Rent $1,850 0.0% --
02/12/2013 02/12/13 Sold $222,000 -11.9% $306 / Sq Ft
12/07/2012 12/07/12 Pending -- -- --
10/24/2012 10/24/12 For Sale $252,000 -- $348 / 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 $5,064 $24,507 $3,512 $20,995
2023 $4,936 $24,000 $2,836 $21,164
2022 $4,936 $24,000 $2,836 $21,164
2021 $4,826 $23,999 $2,835 $21,164
2020 $4,238 $19,024 $2,184 $16,840
2019 $4,150 $20,654 $2,184 $18,470
2018 $4,080 $20,654 $2,184 $18,470
2017 $4,265 $19,813 $1,861 $17,952
2016 $3,968 $19,813 $1,861 $17,952
2015 $3,631 $19,813 $1,861 $17,952
2014 $3,263 $17,587 $1,208 $16,379
2013 $3,199 $17,587 $1,208 $16,379
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12065850

Midwest Real Estate Data (MRED)

APN: 17-09-410-014-1635