NOT LISTED FOR SALE

40 N Menard Ave Unit B-2 Chicago, IL 60644

Austin Neighborhood

Estimated Value: $99,000 - $133,000

2 Beds
1 Bath
900 Sq Ft
$186/mo HOA Fee

Last Sold August 01, 2024

Last sale price $105,000 $117 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $897/month

65 Days on Market

Highlights

  • Wood Flooring
  • Forced Air Heating and Cooling System
  • Cats Allowed
  • Resident Manager or Management On Site
  • Family or Dining Combination
  • Gas Log Fireplace

About This Home

As of August 2024

Professionally managed and maintained unit, secure, gated courtyard property with intercom. 2 bed, 1 full bath. Stainless appliances, granite counters, 42" cabinets, dishwasher, garbage disposal, central air, central heat, large marble gas fireplace, in-unit washer/dryer, with great layout. Off-street parking available through HOA, ample street parking building located on cul-de-sac street. *ATTENTION INVESTORS - This unit is available to be purchased with 5 additional units in the building at a bulk-rate discount. All 6 units exceptionally maintained, occupied by great market-rate tenants. Turn-key gross income just under $100k/year at current rental rates. Being sold "as is".

Last Agent to Sell the Property

Christopher Adrian

BS Realty Services LLC License #475156700 Listed on: 04/10/2024

Last Buyer's Agent

Carl Cho

Fathom Realty IL LLC License #475139019

Fathom Realty IL LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $927

Year Built

  • Built in 1930 | Remodeled in 2006

Lot Details

  • 0.6

HOA Fees

  • $186 Monthly HOA Fees

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 900 Sq Ft Home
  • 3-Story Property
  • Gas Log Fireplace
  • Window Treatments
  • Living Room with Fireplace
  • Family or Dining Combination
  • Wood Flooring
  • Laundry in unit

Kitchen

  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms
  • 1 Full Bathroom

Parking

  • 1 Open Parking Space
  • 1 Parking Space
  • Additional Parking
  • Parking Lot
  • Off Alley Parking

Utilities

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

Community Details

Overview

  • Association fees include water, insurance, security, exterior maintenance, lawn care, scavenger, snow removal
  • 51 Units
  • Adian Gherman Association, Phone Number (874) 864-2929
  • Austin Village Subdivision
  • Property managed by Breakaway

Pet Policy

  • Cats Allowed

Security

  • Resident Manager or Management On Site

Property Details

Home Type

Condominium

Est. Annual Taxes

$927

Year Built

Built in 1930 | Remodeled in 2006

Lot Details

0

HOA Fees

$186 per month

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: Condo
  • Ownership: Condo
  • New Construction: No
  • Property Sub-Type: Condo
  • Subdivision Name: Austin Village
  • Year Built: 1930
  • Age: 91-100 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: Commuter Bus,Non-Smoking Building
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Unit Floor Level: 2
  • Rehab Year: 2006
  • Actual Status: Closed
  • ResoPropertyType: Residential
  • SomePhotosVirtuallyStaged: No
  • MonthToMonthYN: No
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 3
  • Year Renovated: 2006

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator
  • Basement: None
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace Features: Gas Log, Gas Starter
  • Fireplaces: 1
  • Interior Amenities: Hardwood Floors, Some Window Treatment, Some Wood Floors, Dining Combo
  • LivingArea: 900
  • Room Type: No additional rooms
  • Stories Total: 3
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: None
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Fireplace Location: Living Room
  • Total Sq Ft: 0
  • ResoLivingAreaSource: Estimated

Exterior Features

  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • OpenParkingSpaces: 1
  • Parking Features: Off Alley, Additional Parking, Parking Lot
  • ParkingTotal: 1
  • Parking: Space/s
  • Parking On-Site: No

Utilities

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

Condo/Co-op/Association

  • Pets Allowed: Cats OK
  • Association Fee: 186
  • Association Fee Frequency: Monthly
  • Management: Manager Off-site
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: Breakaway
  • Management Contact Name: Adian Gherman
  • Management Phone: 874-864-2929
  • ResoAssociationFeeFrequency: Monthly

Fee Information

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

Lot Info

  • Lot Dimensions: COMMON
  • Special Assessments: N

Rental Info

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

Tax Info

  • Tax Annual Amount: 927.42
  • Tax Year: 2022
  • Tax Exemptions: None

Multi Family

  • Units in Building: 51

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 10, 2024
Closed on
Jul 29, 2024
Sold by
Plackmann Properties Llc
Bought by
Roberts Ian and Roberts Lindsay M
Seller's Agent
Christopher Adrian
BS Realty Services LLC
Buyer's Agent
Carl Cho
Fathom Realty IL LLC
List Price
$120,000
Sold Price
$105,000
Premium/Discount to List
-$15,000
-12.5%
Views
78
Current Estimated Value
$120,135

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$15,135
Avg. Annual Appreciation
10.49%
Original Mortgage
$78,750
Outstanding Balance
$78,035
Interest Rate
8%
Mortgage Type
New Conventional
Estimated Equity
$42,100

Purchase Details

Closed on
Jul 6, 2018
Sold by
Plackmann George
Bought by
Plackmann Properties Llc

Purchase Details

Closed on
Aug 10, 2011
Sold by
Thomas Damion and Thomas Damion L
Bought by
Plackmann George

Purchase Details

Closed on
Jun 30, 2006
Sold by
36 N Menard Llc
Bought by
Thomas Damion

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$129,800
Interest Rate
6.72%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Roberts Ian $105,000 Stewart Title
Plackmann Properties Llc -- Attorney
Plackmann George $25,000 Baird & Warner Title Service
Thomas Damion $130,000 Ctic
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Roberts Ian $78,750
Previous Owner Thomas Damion $129,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/01/2024 08/01/24 Sold $105,000 -12.5% $117 / Sq Ft
06/15/2024 06/15/24 Pending -- -- --
04/10/2024 04/10/24 For Sale $120,000 -- $133 / 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 $951 $5,827 $499 $5,328
2023 $927 $4,511 $354 $4,157
2022 $927 $4,511 $354 $4,157
2021 $907 $4,509 $353 $4,156
2020 $432 $1,938 $353 $1,585
2019 $433 $2,156 $353 $1,803
2018 $426 $2,156 $353 $1,803
2017 $566 $2,630 $312 $2,318
2016 $584 $2,916 $312 $2,604
2015 $699 $3,817 $312 $3,505
2014 $621 $3,348 $156 $3,192
2013 $1,857 $10,211 $156 $10,055
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12025922

Midwest Real Estate Data (MRED)

APN: 16-08-420-057-1027