$451,398 - $688,000
RENTED AUG 27, 2024

401 W Webster Ave Unit 501 Chicago, IL 60614

Lincoln Park Neighborhood
2 Beds
2 Baths
-- Sq Ft
0.32 Acres

Last Sold December 14, 2012

Last sale price $342,500

Est. 57% increase in value since last sale

Current estimated payment $3,578/month

Highlights

  • Open Floorplan
  • Wood Flooring
  • Wine Refrigerator
  • Abraham Lincoln Elementary School Rated A-
  • L-Shaped Dining Room
  • 2-minute walk to Mid-North Park

About This Home

As of August 2024

Just remodeled, charming and spacious 2 bed, 2 bath split floorplan in the heart of East Lincoln Park. Brand new in-trend, open kitchen, fully upgraded with beautiful stainless steel appliances. Each bedroom features its own bathroom. Top-floor unit with private balcony and lovely details throughout - hardwood floors, exposed brick wall accents, wood-burning fireplace, and so much more to enjoy. A special boutique elevator building with parking spot included in the price and in-unit laundry. Steps from the zoo, lake, parks, and shopping... move right into this turn-key residence you'll be proud to call home.

Last Agent to Rent the Property

Joanne Nemerovski

Compass License #471006456 Listed on: 08/26/2024

Compass

Last Renter's Agent

Dawn McKenna

Coldwell Banker Realty License #475122904

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,845

Year Built

  • Built in 1971 | Remodeled in 2023

Lot Details

  • 0.32

Home Design

  • Property Attached
  • Brick Exterior Construction

Interior Spaces

  • Open Floorplan
  • Bar Fridge
  • Wood Burning Fireplace
  • Living Room with Fireplace
  • L-Shaped Dining Room
  • Storage
  • Wood Flooring

Kitchen

  • Range
  • Microwave
  • Freezer
  • Dishwasher
  • Wine Refrigerator

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Parking

  • 1 Parking Space
  • Uncovered Parking
  • Parking Included in Price
  • Assigned Parking

Outdoor Features

  • Balcony

Schools

  • Lincoln Elementary School
  • Lincoln Park High School

Utilities

  • Two Cooling Systems Mounted To A Wall/Window
  • Baseboard Heating
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Property Available on 8/26/24
  • Rent includes cable TV, heat, water, parking, exterior maintenance, lawn care, snow removal, internet

Community Details

Overview

  • 36 Units
  • Genevieve Association, Phone Number (773) 545-6160
  • Property managed by Hallmark Johnson
  • 5-Story Property

Amenities

  • Coin Laundry
  • Elevator
  • Package Room
  • Community Storage Space

Recreation

  • Bike Trail

Pet Policy

  • Dogs and Cats Allowed

Security

  • Resident Manager or Management On Site

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,845

Year Built

Built in 1971 | Remodeled in 2023

Lot Details

0

Rental Info

  • Available Date: 2024-08-26
  • Board Number: 8
  • Pets Allowed (Y/N): Yes
  • Type of Rental Property: Attached
  • Rental Price: 2950
  • Is Parking Included in Price: Yes
  • Fees/Approvals: Move-in Fee,Move Out Fee,Refundable Damage Deposit
  • Max Pet Weight: 999

Listing Details

  • Property Type: Residential Lease
  • Property Type: Residential Lease
  • Property Sub-Type: Attached
  • Year Built: 1971
  • Age: 51-60 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Unit Floor Level: 5
  • Rehab Year: 2023
  • ResoPropertyType: ResidentialLease
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 5
  • Year Renovated: 2023

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Bar Fridge, Freezer, Washer, Dryer, Wine Refrigerator
  • Basement: None
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplace Features: Wood Burning
  • Fireplaces: 1
  • Interior Amenities: Hardwood Floors, Laundry Hook-Up in Unit, Storage, Open Floorplan
  • Room Type: No additional rooms
  • Stories Total: 5
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: None
  • Below Grade Bedrooms: 0
  • Dining Room: L-shaped
  • Total Sq Ft: 0
  • Fireplace Location: Living Room
  • Total Sq Ft: 0

Exterior Features

  • ExteriorFeatures: Balcony
  • List Price: 2950
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Parking Features: Assigned
  • ParkingTotal: 1
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Cooling: Window/Wall Units - 2
  • Heating: Natural Gas, Baseboard
  • Laundry Features: In Unit
  • Water Source: Public

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK
  • Association Amenities: Bike Room/Bike Trails, Coin Laundry, Elevator(s), Storage, Receiving Room
  • Rent Includes: Cable TV, Heat, Water, Parking, Exterior Maintenance, Lawn Care, Snow Removal, Internet
  • Management: Manager Off-site
  • Management Company: Hallmark Johnson
  • Management Contact Name: Genevieve
  • Management Phone: 773-545-6160

Schools

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

Lot Info

  • Lot Dimensions: COMMON
  • Rural (Y/N): N

Multi Family

  • Units in Building: 36

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 18, 2012
Closed on
Dec 18, 2012
Sold by
Dobbs Eric and Dobbs Jomana
Bought by
Wippman Tom
Seller's Agent
Joey Gault
@properties Christie's International Real Estate
Buyer's Agent
Joanne Nemerovski
Compass
List Price
$349,900
Sold Price
$342,500
Premium/Discount to List
-$7,400
-2.11%
Current Estimated Value
$536,600

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$194,100
Avg. Annual Appreciation
3.35%

Purchase Details

Closed on
Apr 2, 2009
Sold by
Lux Todd M and Lux Elizabeth J
Bought by
Dobbs Eric C and Dobbs Jomana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$315,000
Interest Rate
5.19%
Mortgage Type
Unknown

Purchase Details

Closed on
May 22, 2007
Sold by
Smith Jereme and Smith Sarah M
Bought by
Lux Todd M and Lux Elizabeth J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$276,000
Interest Rate
6.27%
Mortgage Type
Unknown

Purchase Details

Closed on
Jan 5, 2007
Sold by
Brassaw Lori
Bought by
Smith Jereme and Smith Sarah

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$41,200
Interest Rate
6.16%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Jul 21, 2004
Sold by
The Camille Grejczyk 2003 Trust
Bought by
Brassaw Lori

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$248,000
Interest Rate
5.75%
Mortgage Type
Unknown
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
Wippman Tom $342,500 Fort Dearborn Land Title
Dobbs Eric C $350,000 Attorneys Title Guaranty Fun
Lux Todd M $345,000 Cti
Smith Jereme $275,000 Chicago Title Insurance Co
Brassaw Lori $310,000 Chicago Title Insurance Comp
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Dobbs Eric C $315,000
Previous Owner Lux Todd M $276,000
Previous Owner Lux Todd M $34,500
Previous Owner Smith Jereme $41,200
Previous Owner Smith Jereme $220,000
Previous Owner Brassaw Lori $248,000
Closed Brassaw Lori $62,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/27/2024 08/27/24 Rented $3,100 +5.1% --
08/27/2024 08/27/24 Off Market $2,950 -- --
08/26/2024 08/26/24 For Rent $2,950 +13.5% --
01/31/2022 01/31/22 Rented -- -- --
01/21/2022 01/21/22 Under Contract -- -- --
01/19/2022 01/19/22 For Rent $2,600 +4.0% --
08/06/2020 08/06/20 Rented $2,500 0.0% --
08/03/2020 08/03/20 For Rent $2,500 0.0% --
09/01/2018 09/01/18 Rented $2,500 0.0% --
07/25/2018 07/25/18 For Rent $2,500 +2.0% --
07/25/2018 07/25/18 Under Contract -- -- --
07/01/2017 07/01/17 Rented $2,450 0.0% --
06/19/2017 06/19/17 For Rent $2,450 +4.3% --
06/19/2017 06/19/17 Under Contract -- -- --
11/15/2015 11/15/15 Rented $2,350 -2.1% --
10/23/2015 10/23/15 Under Contract -- -- --
10/15/2015 10/15/15 For Rent $2,400 0.0% --
12/14/2012 12/14/12 Sold $342,500 -2.1% --
09/29/2012 09/29/12 Pending -- -- --
09/18/2012 09/18/12 For Sale $349,900 -- --
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 $7,845 $38,891 $9,770 $29,121
2023 $7,647 $37,181 $7,879 $29,302
2022 $7,647 $37,181 $7,879 $29,302
2021 $7,477 $37,180 $7,879 $29,301
2020 $7,101 $31,875 $6,933 $24,942
2019 $6,956 $34,620 $6,933 $27,687
2018 $6,839 $34,620 $6,933 $27,687
2017 $7,019 $32,604 $5,673 $26,931
2016 $6,530 $32,604 $5,673 $26,931
2015 $5,975 $32,604 $5,673 $26,931
2014 $5,948 $32,056 $4,254 $27,802
2013 $5,830 $32,056 $4,254 $27,802
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12147698

Midwest Real Estate Data (MRED)

APN: 14-33-124-050-1028