NOT LISTED FOR SALE

3041 S Shields Ave Unit 503 Chicago, IL 60616

Armour Square Neighborhood

Estimated Value: $330,000 - $344,000

2 Beds
2 Baths
1,295 Sq Ft
$241/mo HOA Fee

Last Sold October 18, 2022

Last sale price $329,000 $254 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $2,591/month

23 Days on Market

Highlights

  • Open Floorplan
  • Whirlpool Bathtub
  • Elevator
  • Lock-and-Leave Community
  • Granite Countertops
  • Stainless Steel Appliances

About This Home

As of October 2022

Penthouse unit in the Bridgeport/Armour Square neighborhood. Spacious bright, open floor plan with 9 ft. ceiling. Master suite with two closets including a walk-in closet, double vanity, separate walk-in shower and jacuzzi tub. Split floor plan. Kitchen with granite countertops, 42 inches cherry cabinets, SS appliances and breakfast bar. Elevator building with indoor heated garage with assigned parking space. Parking space conveniently located just inside a double electric garage door. Private balcony with view of city skyline and Chicago White Sox Park. Close to restaurants, expressways and public transportation. Agent owned.

Last Agent to Sell the Property

Ruth Bonnette

Ruth Bonnette License #471018285 Listed on: 08/09/2022

Last Buyer's Agent

Wesley Ng

Atvantage Realty and Management License #471021252

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,594

Year Built

  • Built in 2004

Lot Details

  • 10,716

HOA Fees

  • $241 Monthly HOA Fees

Parking

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

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 1,295 Sq Ft Home
  • Open Floorplan
  • Ceiling height of 9 feet or more
  • Ceiling Fan
  • Fireplace With Gas Starter
  • Living Room with Fireplace
  • Dining Room
  • Laminate Flooring
  • Laundry Room

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Granite Countertops
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms
  • Dual Sinks
  • Whirlpool Bathtub
  • Separate Shower

Home Security

Schools

  • James Ward Elementary School
  • Phillips Academy High School

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • 100 Amp Service
  • Lake Michigan Water

Community Details

Overview

  • Association fees include water, parking, insurance, security, exterior maintenance, scavenger, snow removal
  • 18 Units
  • Chuck Krummick Association, Phone Number (312) 515-0169
  • Property managed by 3041 S. Shields Association
  • Lock-and-Leave Community
  • 6-Story Property

Amenities

  • Elevator

Pet Policy

  • Pets up to 50 lbs
  • Dogs and Cats Allowed

Security

  • Resident Manager or Management On Site
  • Carbon Monoxide Detectors
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,594

Year Built

Built in 2004

Lot Details

0

HOA Fees

$241 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: Condo
  • Ownership: Condo
  • New Construction: No
  • Property Sub-Type: Condo
  • Year Built: 2004
  • Age: 16-20 Years
  • Built Before 1978 (Y/N): No
  • Disability Access and/or Equipped: No
  • General Information: School Bus Service,Commuter Bus,Commuter Train,Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Unit Floor Level: 5
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 6

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Disposal, Stainless Steel Appliance(s)
  • Basement: None
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplace Features: Gas Starter
  • Fireplaces: 1
  • Interior Amenities: Wood Laminate Floors, Walk-In Closet(s), Ceiling - 9 Foot, Open Floorplan, Granite Counters
  • LivingArea: 1295
  • Other Equipment: Fire Sprinklers, CO Detectors, Ceiling Fan(s)
  • Room Type: No additional rooms
  • Stories Total: 6
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: None
  • Bathroom Amenities: Whirlpool,Separate Shower,Double Sink
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 0
  • Fireplace Location: Living Room
  • Total Sq Ft: 0
  • ResoLivingAreaSource: Estimated

Exterior Features

  • List Price: 329000
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 1
  • Number of Cars: 1
  • Garage Details: Garage Door Opener(s),Heated
  • Garage On-Site: Yes
  • Garage Type: Attached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Electric: Circuit Breakers, 100 Amp Service
  • Heating: Natural Gas
  • Laundry Features: In Unit
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK
  • Association Fee: 241
  • Association Amenities: Elevator(s), On Site Manager/Engineer, Security Door Lock(s), School Bus
  • Association Fee Frequency: Monthly
  • Management: Manager On-site
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: 3041 S. Shields Association
  • Management Contact Name: Chuck Krummick
  • Management Phone: 312-515-0169
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Water, Parking, Insurance, Security, Exterior Maintenance, Scavenger, Snow Removal

Schools

  • Elementary School: James Ward Elementary School
  • High School: Phillips Academy High School
  • Middle/Junior School: James Ward Elementary School
  • Middle/Junior School District: 299

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: COMMON
  • Rural (Y/N): N
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • Pets Allowed (Y/N): Yes
  • Is Parking Included in Price: Yes
  • Max Pet Weight: 50

Tax Info

  • Tax Annual Amount: 4594.07
  • Tax Year: 2020
  • Tax Exemptions: None

Multi Family

  • Units in Building: 18

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 9, 2022
Closed on
Oct 11, 2022
Sold by
Bonnette L Steve L and Bonnette Ruth
Bought by
Kirwan Sean Thomas
Seller's Agent
Ruth Bonnette
Ruth Bonnette
Buyer's Agent
Wesley Ng
Atvantage Realty and Management
List Price
$329,000
Sold Price
$329,000
Current Estimated Value
$338,520

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$9,520
Avg. Annual Appreciation
1.22%
Original Mortgage
$263,200
Outstanding Balance
$230,096
Interest Rate
4.25%
Mortgage Type
New Conventional
Estimated Equity
$110,562

Purchase Details

Listed on
Sep 5, 2020
Closed on
Nov 12, 2020
Sold by
Tromp Mia F and Vitullo Anthony
Bought by
Bonnette L Steve L and Bonnette Ruth
Seller's Agent
Jo Marie Ferro Barbara-Ferro
@properties Christie's International Real Estate
Buyer's Agent
Ruth Bonnette
Ruth Bonnette
List Price
$315,000
Sold Price
$280,000
Premium/Discount to List
-$35,000
-11.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.81%
Original Mortgage
$218,660
Interest Rate
2.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 12, 2015
Sold by
Tromp Paul A
Bought by
Tromp Mia F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$31,500
Interest Rate
3.94%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jul 12, 2006
Sold by
31St & Shields Inc
Bought by
Tromp Paul A and Tromp Mia F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$236,100
Interest Rate
6.12%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Kirwan Sean Thomas $329,000 None Listed On Document
Bonnette L Steve L $280,000 Proper Title Llc
Tromp Mia F -- Cti
Tromp Paul A $295,000 Multiple
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kirwan Sean Thomas $263,200
Previous Owner Bonnette L Steve L $218,660
Previous Owner Tromp Mia F $31,500
Previous Owner Tromp Paul A $236,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/18/2022 10/18/22 Sold $329,000 0.0% $254 / Sq Ft
09/07/2022 09/07/22 For Sale $329,000 0.0% $254 / Sq Ft
09/02/2022 09/02/22 Pending -- -- --
08/22/2022 08/22/22 Pending -- -- --
08/17/2022 08/17/22 Price Changed $329,000 -5.7% $254 / Sq Ft
08/12/2022 08/12/22 Price Changed $349,000 -2.8% $269 / Sq Ft
08/09/2022 08/09/22 For Sale $359,000 +28.2% $277 / Sq Ft
11/20/2020 11/20/20 Sold $280,000 -11.1% $216 / Sq Ft
10/11/2020 10/11/20 Pending -- -- --
09/05/2020 09/05/20 For Sale $315,000 -- $243 / 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 $6,119 $32,639 $3,024 $29,615
2023 $5,965 $29,000 $2,620 $26,380
2022 $5,965 $29,000 $2,620 $26,380
2021 $5,831 $28,999 $2,619 $26,380
2020 $4,584 $23,680 $2,441 $21,239
2019 $4,937 $28,000 $2,441 $25,559
2018 $4,852 $28,000 $2,441 $25,559
2017 $4,978 $26,500 $1,942 $24,558
2016 $4,808 $26,500 $1,942 $24,558
2015 $4,375 $26,500 $1,942 $24,558
2014 $4,032 $24,299 $2,358 $21,941
2013 $3,941 $24,299 $2,358 $21,941
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11487716

Midwest Real Estate Data (MRED)

APN: 17-28-434-043-1017