$700,000
SOLD JAN 31, 2025

3042 N Racine Ave Unit 1 Chicago, IL 60657

Lakeview Neighborhood
3 Beds
2.5 Baths
2,200 Sq Ft
$218/mo HOA Fee

Recently Sold

$318 Per Sq Ft

4% Above List Price

32 Days on Market

Highlights

  • Open Floorplan
  • Deck
  • Wood Flooring
  • Lincoln Park High School Rated A
  • Family Room with Fireplace
  • Main Floor Bedroom

About This Home

As of January 2025

Super spacious 2200 + sq ft, 3-bedroom, 2.5 bath duplex down in the heart of Lakeview with not one, but TWO outdoor spaces! This open floorplan features updated finishes, not one, but TWO fireplaces, hardwood floors throughout, wainscoting & crown molding throughout, extra-wide custom kitchen features commercial grade appliances, 42" white shaker cabinets & under cabinet lighting. The oversized primary suite features a walk-in closet & an enormous ensuite bathroom with a separate whirlpool tub and an extra-large walk in STEAM shower and a double vanity. The lower level is sprawling with more space that is so light-filled, it doesn't feel like a basement. Fully equipped with a wet bar, fireplace, & private walkout patio, two additional bedrooms, full bath, side-by-side laundry & large storage closets. One garage parking space included. Easy street parking all around. Well managed building with low monthly assessment ($218). Recently replaced A/C (2021), water heater (2021), dishwasher (2022), stove (2019), washer (2017) & dryer (2017). Prime location! Steps to Belmont & Wellington CTA lines, Sheffield shops & restaurants, Southport Corridor, Margaret Donahue Park, Wrigleyville, Lake Michigan & more.

Last Agent to Sell the Property

jacqueline elmorsy

Jameson Sotheby's Intl Realty License #475160854 Listed on: 12/10/2024

Jameson Sotheby's Intl Realty

Last Buyer's Agent

Jordan Chalmers

Baird & Warner License #475144769

Baird & Warner

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $12,049

Year Built

  • Built in 2001

HOA Fees

  • $218 Monthly HOA Fees

Parking

  • 1 Car Detached Garage
  • Parking Included in Price

Home Design

  • Half Duplex

Interior Spaces

  • 2,200 Sq Ft Home
  • 3-Story Property
  • Open Floorplan
  • Wet Bar
  • Gas Log Fireplace
  • Blinds
  • Family Room with Fireplace
  • 2 Fireplaces
  • Living Room with Fireplace
  • Formal Dining Room
  • Storage

Kitchen

  • Range
  • Microwave
  • Freezer
  • Dishwasher
  • Stainless Steel Appliances
  • Disposal

Flooring

  • Wood
  • Partially Carpeted

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms
  • Main Floor Bedroom
  • Walk-In Closet
  • Dual Sinks
  • Whirlpool Bathtub
  • Steam Shower
  • Separate Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Finished Basement

  • Basement Fills Entire Space Under The House
  • Finished Basement Bathroom

Home Security

Outdoor Features

  • Deck
  • Patio

Schools

  • Agassiz Elementary School
  • Lincoln Park High School

Utilities

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

Community Details

Overview

  • Association fees include water, parking, insurance, exterior maintenance, scavenger, snow removal
  • 3 Units

Pet Policy

  • Dogs and Cats Allowed

Security

  • Storm Screens

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$12,049

Year Built

Built in 2001

Lot Details

0

HOA Fees

$218 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: 1/2 Duplex,Condo,Condo-Duplex
  • Ownership: Condo
  • New Construction: No
  • Property Sub-Type: 1/2 Duplex,Condo,Condo-Duplex
  • Year Built: 2001
  • Age: 21-25 Years
  • Built Before 1978 (Y/N): No
  • Disability Access and/or Equipped: No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Unit Floor Level: 1
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Townhouses
  • Stories: 3

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Freezer, Washer, Dryer, Disposal, Stainless Steel Appliance(s)
  • Basement: Full
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3
  • Total Bedrooms: 3
  • Fireplace Features: Gas Log
  • Fireplaces: 2
  • Interior Amenities: Bar-Wet, Hardwood Floors, First Floor Bedroom, Laundry Hook-Up in Unit, Storage, Walk-In Closet(s), Open Floorplan, Some Carpeting, Drapes/Blinds, Separate Dining Room
  • LivingArea: 2200
  • Room Type: No additional rooms
  • Stories Total: 3
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: Finished,None
  • Bathroom Amenities: Whirlpool,Separate Shower,Steam Shower,Double Sink
  • Basement Bathrooms: Yes
  • Below Grade Bedrooms: 0
  • Dining Room: Combined w/ LivRm
  • Total Sq Ft: 0
  • Fireplace Location: Family Room,Living Room
  • Total Sq Ft: 0
  • Flooring: Hardwood
  • ResoLivingAreaSource: Estimated

Exterior Features

  • ExteriorFeatures: Patio, Storms/Screens
  • List Price: 669900
  • Patio And Porch Features: Deck, Patio
  • Waterfront: No
  • Exterior Building Type: Brick,Block

Garage/Parking

  • Garage Spaces: 1
  • ParkingTotal: 1
  • Garage On-Site: Yes
  • Garage Ownership: N/A
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Natural Gas
  • Laundry Features: In Unit
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK
  • Association Fee: 218
  • Association Fee Frequency: Monthly
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: SELF MANAGED
  • Management Contact Name: N/A
  • Management Phone: 000-000-0000
  • ResoAssociationFeeFrequency: Monthly

Fee Information

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

Schools

  • Elementary School: Agassiz Elementary School
  • High School: Lincoln Park High School
  • Middle/Junior School: Agassiz Elementary School
  • Middle/Junior School District: 299

Lot Info

  • Lot Dimensions: COMMON
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Pets Allowed (Y/N): Yes
  • Is Parking Included in Price: Yes
  • Max Pet Weight: 999

Tax Info

  • Tax Annual Amount: 12049
  • Tax Year: 2022

Multi Family

  • Units in Building: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 10, 2024
Closed on
Jan 27, 2025
Sold by
Gauen Katherine and Zuba William David
Bought by
Rogers Zachary Z and Rogers Kelsey
Seller's Agent
jacqueline elmorsy
Jameson Sotheby's Intl Realty
Buyer's Agent
Jordan Chalmers
Baird & Warner
List Price
$669,900
Sold Price
$700,000
Premium/Discount to List
$30,100
4.49%
Views
387
Current Estimated Value
$740,327

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$40,327
Avg. Annual Appreciation
10.33%
Original Mortgage
$560,000
Outstanding Balance
$557,381
Interest Rate
7.33%
Mortgage Type
New Conventional
Estimated Equity
$182,946

Purchase Details

Closed on
Jun 11, 2017
Sold by
Sklar Ron and Sklar Morgan E
Bought by
Ward Austin and Ward Brooke

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$587,100
Interest Rate
4.02%
Mortgage Type
Unknown

Purchase Details

Closed on
Feb 11, 2011
Sold by
Touloupakis Michael
Bought by
Sklar Ron and Sklar Morgan E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$386,250
Interest Rate
4.85%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 17, 2006
Sold by
Jordan Bryan B and Jordan Shannon M
Bought by
Toulouakis Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$73,250
Interest Rate
6.2%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Mar 30, 2002
Sold by
Jordan Bryan B and Jordan Shannon M
Bought by
Jordan Bryan B and Jordan Shannon M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$412,500
Interest Rate
5.87%

Purchase Details

Closed on
Aug 9, 2001
Sold by
Boyle Dominick and Boyle Kathleen
Bought by
Jordan Bryan B and Jordan Shannon M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$388,000
Interest Rate
6.87%
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $700,000 Proper Title
Warranty Deed $618,000 North American Title
Warranty Deed $515,000 Baird & Warner Title Service
Warranty Deed $555,000 Ctic
Interfamily Deed Transfer -- Chicago Title
Warranty Deed $485,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $560,000 New Conventional
Previous Owner $587,100 Unknown
Previous Owner $347,000 Adjustable Rate Mortgage/ARM
Previous Owner $360,000 New Conventional
Previous Owner $383,000 New Conventional
Previous Owner $386,250 New Conventional
Previous Owner $73,250 Fannie Mae Freddie Mac
Previous Owner $417,000 Fannie Mae Freddie Mac
Previous Owner $492,000 Unknown
Previous Owner $1,000,000 Stand Alone Second
Previous Owner $1,000,000 Unknown
Previous Owner $413,400 Unknown
Previous Owner $412,500 No Value Available
Previous Owner $388,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/31/2025 01/31/25 Sold $700,000 +4.5% $318 / Sq Ft
01/11/2025 01/11/25 Pending -- -- --
12/10/2024 12/10/24 For Sale $669,900 +4.3% $305 / Sq Ft
05/13/2022 05/13/22 Sold $642,000 +1.1% $292 / Sq Ft
03/31/2022 03/31/22 Pending -- -- --
03/30/2022 03/30/22 For Sale $635,000 0.0% $289 / Sq Ft
09/15/2020 09/15/20 Rented $3,800 0.0% --
08/14/2020 08/14/20 For Rent $3,800 -- --
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 $13,081 $66,752 $20,880 $45,872
2023 $12,049 $62,000 $21,000 $41,000
2022 $12,049 $62,000 $21,000 $41,000
2021 $11,798 $62,000 $21,000 $41,000
2020 $12,980 $61,369 $8,160 $53,209
2019 $12,706 $66,670 $8,160 $58,510
2018 $13,170 $66,670 $8,160 $58,510
2017 $9,757 $48,701 $7,200 $41,501
2016 $9,254 $48,701 $7,200 $41,501
2015 $8,444 $48,701 $7,200 $41,501
2014 $8,063 $46,028 $5,910 $40,118
2013 $7,893 $46,028 $5,910 $40,118
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12254070

Midwest Real Estate Data (MRED)

APN: 14-29-111-056-1001