NOT LISTED FOR SALE

331 S Peoria St Unit 505 Chicago, IL 60607

Greektown Neighborhood

Estimated Value: $470,000 - $590,922

2 Beds
2.5 Baths
1,600 Sq Ft
$607/mo HOA Fee

Last Sold April 26, 2022

Last sale price $490,000 $306 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $4,584/month

3 Days on Market

Highlights

  • Penthouse
  • 2-minute walk to Uic-Halsted Station
  • Deck
  • Skinner Elementary School Rated A-
  • Lock-and-Leave Community
  • 5-minute walk to Mary Bartelme Park

About This Home

As of April 2022

Come see this duplex penthouse in the heart of West Loop. 1st floor features open floor plan with 14' foot ceilings, large windows and timber beams. Living and dining room combo connected to a chef's kitchen with lots of storage and a massive counter top. Off the main living area is the primary bedroom with ensuite full bath. 2nd floor open loft bedroom / office. Private roof top deck boasts amazing view of the city and plenty of space for entertaining guests.

Last Agent to Sell the Property

Ben Lalez

Compass License #475124644 Listed on: 03/17/2022

Compass

Co-Listed By

Jean-Paul Maund

Keller Williams ONEChicago License #475191228

Last Buyer's Agent

Jon Dimetros

Main Street Real Estate Group License #475166142

Main Street Real Estate Group

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $7,305

Year Built

  • Built in 1911

Lot Details

  • 0.26

HOA Fees

  • $607 Monthly HOA Fees

Home Design

  • Penthouse
  • Brick Exterior Construction

Interior Spaces

  • 1,600 Sq Ft Home
  • Ceiling Fan
  • Wood Burning Fireplace
  • Entrance Foyer
  • Living Room with Fireplace
  • Combination Dining and Living Room
  • Storage
  • Wood Flooring

Kitchen

  • Range
  • Dishwasher
  • Stainless Steel Appliances
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms
  • Main Floor Bedroom
  • Bathroom on Main Level
  • Whirlpool Bathtub

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Home Security

Parking

  • 1 Parking Space
  • Uncovered Parking
  • Deeded Parking Sold Separately
  • Assigned Parking

Outdoor Features

  • Deck

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Lake Michigan Water
  • Cable TV Available

Listing and Financial Details

  • Homeowner Tax Exemptions

Community Details

Overview

  • Association fees include water, insurance, tv/cable, exterior maintenance, scavenger, snow removal, internet
  • 32 Units
  • Westward360 Association, Phone Number (773) 572-0880
  • Property managed by Westward360
  • Lock-and-Leave Community
  • 6-Story Property

Amenities

  • Elevator
  • Community Storage Space

Pet Policy

  • 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

$7,305

Year Built

Built in 1911

Lot Details

0

HOA Fees

$607 per month

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: Condo-Duplex,Condo-Loft,Penthouse
  • Ownership: Condo
  • New Construction: No
  • Property Sub-Type: Condo-Duplex,Condo-Loft,Penthouse
  • Year Built: 1911
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: None
  • 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, Dishwasher, Refrigerator, Washer, Dryer, Disposal, Stainless Steel Appliance(s)
  • Basement: None
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3
  • Total Bedrooms: 2
  • Fireplace Features: Wood Burning
  • Fireplaces: 1
  • Interior Amenities: Hardwood Floors, First Floor Bedroom, First Floor Laundry, First Floor Full Bath, Laundry Hook-Up in Unit, Storage
  • LivingArea: 1600
  • Other Equipment: TV-Cable, Fire Sprinklers, CO Detectors, Ceiling Fan(s)
  • Room Type: Deck, Foyer
  • Stories Total: 6
  • Estimated Total Finished Sq Ft: 0
  • Assessed Sq Ft: 0
  • Basement Description: None
  • Bathroom Amenities: Whirlpool
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Combined w/ LivRm
  • Total Sq Ft: 0
  • Fireplace Location: Living Room
  • Total Sq Ft: 0

Exterior Features

  • List Price: 499000
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Parking Features: Assigned
  • ParkingTotal: 1
  • Number of Cars: 1
  • Parking: Space/s
  • Parking On-Site: No
  • Parking Ownership: Deeded Sold Separately
  • Deeded Parking Cost: 35000

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Electric: Circuit Breakers
  • Heating: Natural Gas, Forced Air
  • Water Source: Lake Michigan, Public

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK
  • Association Fee: 607
  • Association Amenities: Elevator(s), Storage, Security Door Lock(s)
  • Association Fee Frequency: Monthly
  • Management: Manager Off-site
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: Westward360
  • Management Contact Name: Westward360
  • Management Phone: 773-572-0880
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Water, Insurance, TV/Cable, Exterior Maintenance, Scavenger, Snow Removal, Internet

Schools

  • Middle/Junior School District: 299

Lot Info

  • Lot Dimensions: COMMON
  • Special Assessments: Y

Rental Info

  • Board Number: 8
  • Pets Allowed (Y/N): Yes
  • Is Parking Included in Price: No
  • Max Pet Weight: 999

Tax Info

  • Tax Annual Amount: 7305.39
  • Tax Year: 2020
  • Tax Exemptions: Homeowner

Multi Family

  • Units in Building: 32

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 17, 2022
Closed on
May 2, 2022
Sold by
Huelskamp Tim
Bought by
Ryan Fallon
Seller's Agent
Ben Lalez
Compass
Buyer's Agent
Jon Dimetros
Main Street Real Estate Group
List Price
$499,000
Sold Price
$490,000
Premium/Discount to List
-$9,000
-1.8%
Current Estimated Value
$562,335

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$72,335
Avg. Annual Appreciation
5.45%
Original Mortgage
$367,500
Outstanding Balance
$348,742
Interest Rate
4.63%
Mortgage Type
New Conventional
Estimated Equity
$234,506

Purchase Details

Listed on
Mar 17, 2022
Closed on
Apr 15, 2022
Sold by
Huelskamp Tim
Bought by
Ryan Fallon
Seller's Agent
Ben Lalez
Compass
Buyer's Agent
Jon Dimetros
Main Street Real Estate Group
List Price
$499,000
Sold Price
$490,000
Premium/Discount to List
-$9,000
-1.8%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$367,500
Outstanding Balance
$348,742
Interest Rate
4.63%
Mortgage Type
New Conventional
Estimated Equity
$234,506

Purchase Details

Listed on
May 29, 2013
Closed on
Dec 5, 2013
Sold by
Skiba Leonard J
Bought by
Huelskamp Tim
Seller's Agent
Ray Miller
@properties Christie's International Real Estate
Buyer's Agent
Justin Francek
Dream Town Real Estate
List Price
$450,000
Sold Price
$407,000
Premium/Discount to List
-$43,000
-9.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.24%
Original Mortgage
$323,100
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 10, 2006
Sold by
Losch Michael and Geiger Aimee
Bought by
Skiba Leonard J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
6.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 28, 2005
Sold by
Newman Gregory F and Newman Nicola
Bought by
Losch Michael and Geiger Aimee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$294,400
Interest Rate
4.75%
Mortgage Type
Unknown

Purchase Details

Closed on
Sep 12, 2001
Sold by
Newman Gregory E
Bought by
Newman Gregory E and Newman Nicola

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$206,000
Interest Rate
7.06%

Purchase Details

Closed on
Dec 11, 2000
Sold by
Ruswick Kevin J and Specketer Rodd
Bought by
Newman Gregory E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,500
Interest Rate
7.83%

Purchase Details

Closed on
Jul 30, 1998
Sold by
Standard Bank & Trust Company
Bought by
Ruswick Kevin and Specketer Rodd

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$151,500
Interest Rate
6.75%

Purchase Details

Closed on
Aug 15, 1995
Sold by
Rooney Kevin
Bought by
Standard Bank & Trust Company
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
Ryan Fallon $490,000 --
Ryan Fallon $490,000 Old Republic Title
Huelskamp Tim $407,000 Cti
Skiba Leonard J $415,000 Cst
Losch Michael $348,000 Atgf Inc
Newman Gregory E -- --
Newman Gregory E -- --
Ruswick Kevin $159,500 --
Standard Bank & Trust Company -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ryan Fallon $367,500
Previous Owner Huelskamp Timothy $318,750
Previous Owner Huelskamp Tim $323,100
Previous Owner Skiba Leonard J $250,000
Previous Owner Skiba Leonard J $250,200
Previous Owner Skiba Leonard J $250,000
Previous Owner Losch Michael $294,400
Previous Owner Losch Michael $36,800
Previous Owner Newman Gregory $205,500
Previous Owner Newman Gregory E $206,000
Previous Owner Newman Gregory E $195,500
Previous Owner Ruswick Kevin $151,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/26/2022 04/26/22 Sold $490,000 -1.8% $306 / Sq Ft
03/21/2022 03/21/22 Pending -- -- --
03/17/2022 03/17/22 For Sale $499,000 0.0% $312 / Sq Ft
11/01/2020 11/01/20 Rented $2,700 0.0% --
10/22/2020 10/22/20 Price Changed $2,700 -9.8% $2 / Sq Ft
10/05/2020 10/05/20 For Rent $2,995 0.0% --
12/05/2013 12/05/13 Sold $407,000 -7.5% --
07/17/2013 07/17/13 Pending -- -- --
07/08/2013 07/08/13 Price Changed $439,900 -2.2% --
05/29/2013 05/29/13 For Sale $450,000 -- --
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 $10,451 $50,584 $2,459 $48,125
2023 $9,482 $49,366 $1,349 $48,017
2022 $9,482 $49,366 $1,349 $48,017
2021 $9,287 $49,364 $1,348 $48,016
2020 $7,305 $35,787 $1,348 $34,439
2019 $7,204 $39,167 $1,348 $37,819
2018 $7,081 $39,167 $1,348 $37,819
2017 $6,897 $35,303 $1,189 $34,114
2016 $7,071 $35,303 $1,189 $34,114
2015 $6,469 $35,303 $1,189 $34,114
2014 $5,950 $32,069 $1,011 $31,058
2013 $5,354 $32,069 $1,011 $31,058
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11326059

Midwest Real Estate Data (MRED)

APN: 17-17-227-015-1033