$182,000
SOLD JUN 30, 2022 RENTED OCT 28, 2024

405 N Wabash Ave Unit 405 Chicago, IL 60611

River North Neighborhood
1 Bed
1 Bath
550 Sq Ft
$360/mo HOA Fee

Recently Sold

$331 Per Sq Ft

9% Below List Price

36 Days on Market

Highlights

  • Doorman
  • 4-minute walk to Grand Avenue Station (Red Line)
  • Open Floorplan
  • Fitness Center
  • In Ground Pool
  • Wood Flooring

About This Home

As of June 2022

This freshly updated Jr. 1 Bedroom in River North is west-facing and sun-drenched with floor to ceiling windows. The cohesive floor plan boast a contemporary feel with new hardwood floors throughout. The remodeled kitchen with granite countertops offers great counter space & cabinetry storage along with stainless steel appliances. This unit offers a large walk in closet and a spacious hall closet for clothing. The bathroom has a large vanity and ample counter space. This unit is located in the River Plaza building and it's a full amenity building. This building offers 24 hour door staff, on-site management & maintenance, evening security, 24 hour fitness room, year round indoor pool & hot tub, sundeck, package room, party room dry cleaner on premise, and on-site laundry with app feature. Walking distance to Michigan Ave, the Magnificent Mile, great dining, shopping, entertainment and so much more! Make this your home today! *Pictures are of the unit before tenant moved in.

Last Agent to Sell the Property

Catherine Nearpass

John Berdan License #475171509 Listed on: 04/21/2022

Last Buyer's Agent

Catherine Nearpass

John Berdan License #475171509 Listed on: 04/21/2022

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,550

Year Built

  • Built in 1977

HOA Fees

  • $360 Monthly HOA Fees

Home Design

  • Concrete Block And Stucco Construction

Interior Spaces

  • 550 Sq Ft Home
  • Open Floorplan
  • Combination Dining and Living Room
  • Wood Flooring

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Potential Bedroom
  • Walk-In Closet
  • 1 Full Bathroom
  • Soaking Tub

Pool

  • In Ground Pool
  • Spa

Utilities

  • Central Air
  • Heating Available
  • Lake Michigan Water

Community Details

Overview

  • Association fees include heat, water, insurance, doorman, tv/cable, exercise facilities, pool, exterior maintenance, scavenger, snow removal, internet
  • 697 Units
  • High-Rise Condominium
  • 51-Story Property

Amenities

  • Doorman
  • Valet Parking
  • Sundeck
  • Coin Laundry
  • Elevator
  • Package Room
  • Convenience Store
  • Community Storage Space

Recreation

  • Fitness Center
  • Community Indoor Pool

Pet Policy

  • Cats Allowed

Security

  • Resident Manager or Management On Site

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,550

Year Built

Built in 1977

Lot Details

0

HOA Fees

$360 per month

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: Condo,High Rise (7+ Stories)
  • Ownership: Condo
  • New Construction: No
  • Property Sub-Type: Condo,High Rise (7+ Stories)
  • Year Built: 1977
  • Age: 41-50 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: 4
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 51

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Stainless Steel Appliance(s)
  • Basement: None
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 1
  • Interior Amenities: Hardwood Floors, Walk-In Closet(s), Open Floorplan
  • LivingArea: 550
  • Room Type: No additional rooms
  • Stories Total: 51
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: None
  • Bathroom Amenities: Soaking Tub
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Combined w/ LivRm
  • Total Sq Ft: 0
  • Total Sq Ft: 0

Exterior Features

  • ExteriorFeatures: Hot Tub, In Ground Pool
  • List Price: 199900
  • Waterfront: No
  • Exterior Building Type: Concrete

Garage/Parking

  • Number of Cars: 0
  • Parking: None

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Electric
  • Laundry Features: Common Area
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Pets Allowed: Cats OK
  • Association Fee: 360
  • Association Amenities: Door Person, Coin Laundry, Commissary, Elevator(s), Exercise Room, Storage, On Site Manager/Engineer, Sundeck, Indoor Pool, Receiving Room, Valet/Cleaner
  • Association Fee Frequency: Monthly
  • Management: Manager On-site
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: n/a
  • Management Contact Name: n/a
  • Management Phone: 000-000-0000
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Heat, Water, Insurance, Doorman, TV/Cable, Exercise Facilities, Pool, Exterior Maintenance, Scavenger, Snow Removal, Internet

Schools

  • 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: No

Tax Info

  • Tax Annual Amount: 2549.61
  • Tax Year: 2020
  • Tax Exemptions: None

Multi Family

  • Units in Building: 697

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 21, 2022
Closed on
Jun 27, 2022
Sold by
Lu Jia
Bought by
Dev Chandne
Seller's Agent
Catherine Nearpass
John Berdan
Buyer's Agent
Catherine Nearpass
John Berdan
List Price
$199,900
Sold Price
$182,000
Premium/Discount to List
-$17,900
-8.95%
Current Estimated Value
$222,116

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$40,116
Avg. Annual Appreciation
6.66%
Original Mortgage
$145,600
Outstanding Balance
$140,302
Interest Rate
5.88%
Mortgage Type
Balloon
Estimated Equity
$82,224

Purchase Details

Listed on
Sep 1, 2015
Closed on
Oct 9, 2015
Sold by
Vanderlake Rebecca and Converse Bradley
Bought by
Lu Jia
Seller's Agent
Ted Guarnero
Fulton Grace Realty
Buyer's Agent
Jack Berdan
John Berdan
List Price
$194,900
Sold Price
$186,000
Premium/Discount to List
-$8,900
-4.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.32%

Purchase Details

Listed on
Sep 13, 2012
Closed on
Nov 14, 2012
Sold by
Cummings Michael A and Cummings Angela Ann
Bought by
Converse Bradley and Vanderlake Rebecca
Seller's Agent
Ted Guarnero
Fulton Grace Realty
Buyer's Agent
Nancy Gaspadarek
@properties Christie's International Real Estate
List Price
$168,999
Sold Price
$158,500
Premium/Discount to List
-$10,499
-6.21%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.65%
Original Mortgage
$126,800
Interest Rate
2.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 20, 2003
Sold by
Derama Sonny E
Bought by
Cummings Michael A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,000
Interest Rate
5.91%
Mortgage Type
Unknown

Purchase Details

Closed on
Aug 16, 1999
Sold by
Damianick George F and Damianick Hilda
Bought by
Derama Sonny E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$57,000
Interest Rate
7.25%

Purchase Details

Closed on
Aug 26, 1994
Sold by
Lasalle National Trust Na
Bought by
Damianick George F and Damianick Hilda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,200
Interest Rate
8.62%
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 $182,000 Citywide Title
Warranty Deed $186,000 Proper Title Llc
Warranty Deed $158,500 None Available
Warranty Deed $140,000 Lawyers Title Insurance Corp
Warranty Deed $112,000 Chicago Title Insurance Co
Joint Tenancy Deed $50,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $145,600 Balloon
Previous Owner $126,800 New Conventional
Previous Owner $70,000 Credit Line Revolving
Previous Owner $112,000 Unknown
Previous Owner $57,000 No Value Available
Previous Owner $40,200 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/28/2024 10/28/24 Rented $2,000 0.0% --
10/21/2024 10/21/24 Off Market $2,000 -- --
10/08/2024 10/08/24 For Rent $2,000 +17.6% --
09/12/2022 09/12/22 Rented $1,700 0.0% --
08/15/2022 08/15/22 Under Contract -- -- --
08/13/2022 08/13/22 Off Market $1,700 -- --
08/12/2022 08/12/22 For Rent $1,700 0.0% --
06/30/2022 06/30/22 Sold $182,000 -9.0% $331 / Sq Ft
05/28/2022 05/28/22 Pending -- -- --
04/21/2022 04/21/22 For Sale $199,900 0.0% $363 / Sq Ft
12/19/2018 12/19/18 Rented $1,650 0.0% --
12/10/2018 12/10/18 Under Contract -- -- --
11/28/2018 11/28/18 For Rent $1,650 -2.7% --
09/01/2017 09/01/17 Rented $1,695 0.0% --
08/10/2017 08/10/17 For Rent $1,695 0.0% --
10/13/2015 10/13/15 Sold $186,000 0.0% $338 / Sq Ft
09/10/2015 09/10/15 Pending -- -- --
09/10/2015 09/10/15 Off Market $186,000 -- --
09/01/2015 09/01/15 For Sale $194,900 +23.0% $354 / Sq Ft
11/15/2012 11/15/12 Sold $158,500 -6.2% $288 / Sq Ft
09/28/2012 09/28/12 Pending -- -- --
09/13/2012 09/13/12 For Sale $168,999 -- $307 / 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 $2,801 $13,039 $770 $12,269
2023 $2,730 $13,275 $621 $12,654
2022 $2,730 $13,275 $621 $12,654
2021 $2,669 $13,274 $620 $12,654
2020 $2,550 $11,445 $478 $10,967
2019 $2,497 $12,426 $478 $11,948
2018 $2,455 $12,426 $478 $11,948
2017 $2,432 $11,298 $407 $10,891
2016 $2,263 $11,298 $407 $10,891
2015 $2,070 $11,298 $407 $10,891
2014 $1,780 $9,596 $319 $9,277
2013 $1,745 $9,596 $319 $9,277
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11380785

Midwest Real Estate Data (MRED)

APN: 17-10-132-037-1050