NOT LISTED FOR SALE

401 W Webster Ave Unit 402 Chicago, IL 60614

Lincoln Park Neighborhood

Estimated Value: $409,000 - $444,000

2 Beds
1 Bath
-- Sq Ft
$405/mo HOA Fee

Last Sold May 14, 2021

Last sale price $345,000

Est. 23% increase in value since last sale

Current estimated payment $3,210/month

1 Day on Market

Highlights

  • Updated Kitchen
  • Open Floorplan
  • Stainless Steel Appliances
  • Abraham Lincoln Elementary School Rated A-
  • Wood Flooring
  • 2-minute walk to Mid-North Park

About This Home

As of May 2021

Newly remodeled, corner unit, 2 bedroom in East Lincoln Park with private outdoor space, covered parking spot and incredible natural light. Ideal open layout with large living/dining room, new hardwood floors, beautiful exposed brick surrounding wood burning fireplace. New quartz counters with breakfast bar and private balcony overlooking Sedgwick, an adorable residential tree-lined street. Two large bedrooms allows for fantastic work from home set up. Steps from the Lake, Park, Zoo, public transportation and Divvy bike station. Boutique, well-cared, for elevator condo building!

Last Agent to Sell the Property

Joanne Nemerovski

Compass License #471006456 Listed on: 03/29/2021

Compass

Last Buyer's Agent

Andrew Howley

Berkshire Hathaway HomeServices Chicago License #475172102

Berkshire Hathaway HomeServices Chicago

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,940

Year Built | Renovated

  • 1971 | 2020

Lot Details

  • Southern Exposure
  • East or West Exposure

HOA Fees

  • $405 per month

Home Design

  • Brick Exterior Construction

Interior Spaces

  • Soaking Tub
  • Open Floorplan
  • Wood Burning Fireplace

Kitchen

  • Updated Kitchen
  • Breakfast Bar
  • Gas Oven
  • Gas Cooktop
  • Freezer
  • Dishwasher
  • Stainless Steel Appliances
  • Kitchen Island

Flooring

  • Wood
  • Partially Carpeted

Parking

  • Parking Available
  • Off-Street Parking
  • Parking Included in Price
  • Assigned Parking

Utilities

  • Two Cooling Systems Mounted To A Wall/Window
  • Heating System Uses Gas
  • Lake Michigan Water

Additional Features

  • Balcony
  • Property is near a bus stop

Community Details

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,940

Year Built | Renovated

1971 | 2020

Lot Details

0

HOA Fees

$405 per month

Listing Details

  • Property Type: Attached Single
  • Built Before 1978 (Y/N): Yes
  • General Information: Commuter Bus
  • Recent Rehab: Yes
  • Unit Floor Level: 4
  • Age: 41-50 Years
  • Full Bathrooms: 1
  • Number Interior Fireplaces: 1
  • Ownership: Condo
  • Rehab Year: 2020
  • Total Full or Half Bathrooms: 1
  • Estimated Year Built: 1971
  • Type Attached: Condo, Mid Rise (4-6 Stories)
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 5
  • Year Built: 1971
  • Year Renovated: 2020

Interior Features

  • Interior Property Features: Hardwood Floors, Open Floorplan, Some Carpeting
  • Number Of Rooms: 5
  • Living Room: Dimensions: 23X14, On Level: Main Level
  • Appliances: Oven/Range, Dishwasher, Refrigerator, Freezer, All Stainless Steel Kitchen Appliances, Gas Cooktop, Gas Oven
  • Fireplace Details: Wood Burning
  • Fireplace Location: Living Room
  • Bedrooms All Levels: 2
  • Bathroom Amenities: Soaking Tub
  • Above Grade Bedrooms: 2
  • Dining Room: Dimensions: COMBO, On Level: Main Level
  • Kitchen Type: Dimensions: 10X9, On Level: Main Level
  • Kitchen Type: Eating Area-Table Space, Island, Updated Kitchen
  • Additional Rooms: Balcony
  • Master Bedroom: Dimensions: 14X12, On Level: Main Level
  • Additional Room 1 Name: Balcony, Dimensions: 5X5, On Level: Main Level
  • Bedroom 2: Dimensions: 12X11, On Level: Main Level
  • Dining Room Type: Combined w/ LivRm

Exterior Features

  • Exterior Building Type: Brick
  • Exterior Property Features: Balcony
  • Exposure: S (South), E (East)

Garage/Parking

  • Number of Cars: 1
  • Parking: Space/s
  • Parking Details: Assigned Spaces, Off Street
  • Number Parking Spaces: 1
  • Parking On Site: Yes
  • Parking Included In Price: Yes
  • Parking Ownership: Owned

Utilities

  • Air Conditioner: 2 (Window/Wall Unit)
  • Water: Lake Michigan, Public
  • Sewer: Sewer-Public
  • Heating Fuel: Gas

Condo/Co-op/Association

  • Max Pet Weight: 35
  • Pets Allowed: Yes
  • Fee Frequency: Monthly
  • Management: Manager Off-site
  • Pet Information: Cats OK, Dogs OK, Pet Weight Limitation
  • Common Area Amenities: Bike Room/Bike Trails, Coin Laundry, Elevator, Storage, Receiving Room, Intercom
  • Assessment Includes: Heat, Water, Gas, Parking, Common Insurance, TV/Cable, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal, Internet Access
  • Assessment Association Fees: 405
  • Management Contact Name: Denise Roma
  • Management Phone: 773-545-6160

Fee Information

  • Management Company: Hallmark & Johnson

Schools

  • School District: 299
  • Elementary School: Lincoln Elementary School
  • Junior High Dist: 299

Lot Info

  • Lot Dimensions: COMMON
  • Parcel Identification Number: 14331240501020

Multi Family

  • Total Number Unitsin Building: 36
  • Number Stories: 5

Tax Info

  • Taxes: 5266.72

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 29, 2021
Closed on
May 12, 2021
Sold by
Cullen James R and Ncihols Lauren
Bought by
Trach Stephen R
Seller's Agent
Joanne Nemerovski
Compass
Buyer's Agent
Andrew Howley
Berkshire Hathaway HomeServices Chicago
List Price
$345,000
Sold Price
$345,000
Current Estimated Value
$424,005

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$79,005
Avg. Annual Appreciation
4.59%
Original Mortgage
$276,000
Outstanding Balance
$252,410
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$165,840

Purchase Details

Closed on
May 29, 2018
Sold by
Schaffer David M
Bought by
Cullen James R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$223,250
Interest Rate
4.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 12, 2016
Sold by
Schaffer Mary Frances
Bought by
Schaffer Mary Frances and The Revocable Trust Agreement Of May Fra

Purchase Details

Closed on
Nov 1, 1996
Sold by
Blouin William P
Bought by
Mccellan Joseph

Purchase Details

Closed on
Sep 30, 1994
Sold by
Johnson Robert B
Bought by
Blouin William P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
7.62%
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
Trach Stephen R $345,000 Attorneys Ttl Guaranty Fund
Cullen James R $235,000 Attorney
Schaffer Mary Frances -- Attorney
Mccellan Joseph $133,000 --
Blouin William P $130,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Trach Stephen R $276,000
Previous Owner Cullen James R $221,000
Previous Owner Cullen James R $223,250
Previous Owner Blouin William P $90,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/14/2021 05/14/21 Sold $345,000 0.0% --
03/30/2021 03/30/21 Pending -- -- --
03/30/2021 03/30/21 Off Market $345,000 -- --
03/29/2021 03/29/21 For Sale $345,000 -- --
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 $5,940 $29,448 $7,398 $22,050
2023 $5,790 $28,152 $5,966 $22,186
2022 $5,790 $28,152 $5,966 $22,186
2021 $5,661 $28,152 $5,966 $22,186
2020 $5,377 $24,135 $5,250 $18,885
2019 $5,267 $26,214 $5,250 $20,964
2018 $4,500 $26,214 $5,250 $20,964
2017 $4,588 $24,687 $4,295 $20,392
2016 $4,444 $24,687 $4,295 $20,392
2015 $4,043 $24,687 $4,295 $20,392
2014 $4,027 $24,272 $3,221 $21,051
2013 $3,936 $24,272 $3,221 $21,051
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD11020648

Midwest Real Estate Data (MRED)

APN: 14-33-124-050-1020