$777,000
SOLD MAY 26, 2016

405 N Wabash Ave Unit 4308 Chicago, IL 60611

River North Neighborhood
3 Beds
3 Baths
3,100 Sq Ft
$3,001/mo HOA Fee

Recently Sold

$251 Per Sq Ft

11% Below List Price

136 Days on Market

Highlights

  • Lake Front
  • 4-minute walk to Grand Avenue Station (Red Line)
  • Soaking Tub
  • Home Office
  • Attached Garage
  • Wet Bar

About This Home

As of May 2016

Perfect for entertaining/best location in Chicago/close to everything! Spectacular 270 degree views, 3100 sf, open floor plan overlooking Chicago skyline/river. Living areas & bedrooms have east views. Granite floors w/herringbone pattern. XL master BR w/XL bath. Custom doors/wet bar/XL dining rm; large kitchen w/granite counters, brkfst area. office & laundry rm. 2 car pkg. 7x7 storage rm on same floor. No dogs. Monthly HOA includes heat, AC, TV Cable, pool, gym, internet access and parking.

Last Agent to Sell the Property

Nick Kluding

Baird & Warner Listed on: 11/23/2015

Baird & Warner

Last Buyer's Agent

Haroon Khan

Streeterville Realty, LLC License #475152943

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $29,643

Year Built

  • 1977

Lot Details

  • Lake Front
  • Southern Exposure
  • East or West Exposure

HOA Fees

  • $3,001 per month

Parking

  • Attached Garage
  • Heated Garage
  • Tandem Garage
  • Driveway
  • Parking Included in Price
  • Garage Is Owned

Home Design

  • Concrete Siding

Interior Spaces

  • Wet Bar
  • Entrance Foyer
  • Home Office
  • Storage
  • Washer and Dryer Hookup

Bedrooms and Bathrooms

  • Primary Bathroom is a Full Bathroom
  • Dual Sinks
  • Soaking Tub
  • Separate Shower

Utilities

  • Central Air
  • Heating Available
  • Lake Michigan Water

Additional Features

  • North or South Exposure
  • City Lot

Community Details

  • Pets Allowed

Listing and Financial Details

  • Homeowner Tax Exemptions

Property Details

Home Type

Condominium

Est. Annual Taxes

$29,643

Year Built

1977

Lot Details

0

HOA Fees

$3,001 per month

Parking

2

Listing Details

  • Property Type: Attached Single
  • Built Before 1978 (Y/N): Yes
  • Unit Floor Level: 43
  • Age: 31-40 Years
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Ownership: Condo
  • Total Full or Half Bathrooms: 2.1
  • Estimated Year Built: 1977
  • Tax Exemptions: Homeowner
  • Type Attached: Condo
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 51
  • Year Built: 1977

Interior Features

  • Interior Property Features: Bar-Wet, Laundry Hook-Up in Unit, Storage
  • Number Of Rooms: 8
  • Living Room: Dimensions: 23X15, On Level: Main Level, Flooring: Carpet
  • Bedrooms All Levels: 3
  • Primary Bedroom Bath: Full
  • Bathroom Amenities: Separate Shower, Double Sink, Soaking Tub
  • Above Grade Bedrooms: 3
  • Laundry: Dimensions: 8X8, On Level: Main Level, Flooring: Ceramic Tile, Windows: None
  • Dining Room: Dimensions: 19X15, On Level: Main Level, Flooring: Marble
  • Kitchen Type: Dimensions: 23X13, On Level: Main Level, Flooring: Ceramic Tile
  • Additional Rooms: Foyer, Office
  • Master Bedroom: Dimensions: 17X16, On Level: Main Level, Flooring: Carpet
  • Additional Room 1 Name: Office, Dimensions: 14X9, On Level: Main Level, Flooring: Ceramic Tile, Windows: None
  • Additional Room 2 Name: Foyer, Dimensions: 12X8, On Level: Main Level, Flooring: Marble, Windows: None
  • Bedroom 2: Dimensions: 17X11, On Level: Main Level, Flooring: Carpet
  • Bedroom 3: Dimensions: 14X13, On Level: Main Level, Flooring: Carpet
  • Additional Room 4 Name: Bar, Dimensions: 11X6, On Level: Main Level, Flooring: Marble, Windows: None
  • Estimated Sq Ft: 3100
  • Family Room: Dimensions: 17X15, On Level: Main Level, Flooring: Carpet

Exterior Features

  • Exterior Building Type: Concrete
  • Exposure: N (North), S (South), E (East), City, Lake/Water

Garage/Parking

  • Number of Cars: 2
  • Parking: Garage
  • Garage Type: Attached
  • Garage Details: Heated, Tandem
  • Garage On Site: Yes
  • Number Garage Spaces: 2
  • Driveway: Concrete
  • Parking Included In Price: Yes
  • Garage Ownership: Owned

Utilities

  • Air Conditioner: Central Air
  • Water: Lake Michigan, Public
  • Sewer: Sewer-Public
  • Heating Fuel: Electric

Condo/Co-op/Association

  • Max Pet Weight: 999
  • Pets Allowed: Yes
  • Fee Frequency: Monthly
  • Management: Manager On-site
  • Pet Information: Cats OK
  • Common Area Amenities: Bike Room/Bike Trails, Door Person, Elevator, Exercise Room, Storage, Health Club, On Site Manager/Engineer, Receiving Room, Service Elevator, Valet/Cleaner, Business Center
  • Assessment Includes: Heat, Air Conditioning, Water, Common Insurance, Security, Doorman, TV/Cable, Exercise Facilities, Pool, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal
  • Assessment Association Fees: 3001
  • Management Contact Name: Andrew Andersen
  • Management Phone: 312-644-3300

Fee Information

  • Management Company: Community Specialists

Schools

  • School District: 299
  • Junior High Dist: 299

Lot Info

  • Lot Dimensions: COMMON
  • Parcel Identification Number: 17101320371585

Multi Family

  • Total Number Unitsin Building: 679
  • Number Stories: 51

Tax Info

  • Taxes: 19271.41

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 7, 2015
Sold by
Ferraro Pietrangelo and Ferraro Adriana M
Bought by
Chicago Title Land Trust and Trust Number 8002357797

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$613,900
Interest Rate
3.66%
Mortgage Type
Construction

Purchase Details

Listed on
Feb 14, 2012
Closed on
May 30, 2012
Sold by
Kolb Robert W and Kolb Lori S
Bought by
Ferraro Pietrangelo and Ferraro Adriana M
Seller's Agent
Candace Kuzmarski
Coldwell Banker Realty
Buyer's Agent
Peter Constance
@properties Christie's International Real Estate
List Price
$899,000
Sold Price
$895,750
Premium/Discount to List
-$3,250
-0.36%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.79%
Original Mortgage
$417,000
Interest Rate
3.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 25, 2008
Sold by
Lofgren Lewis Carpenter and Lofgren Mary Lehwald
Bought by
Kolb Robert W and Kolb Lori S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$800,000
Interest Rate
5.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 13, 2000
Sold by
Waterton River Plaza Llc
Bought by
Lofgren Mary L and Lofgren Lewis C

Purchase Details

Closed on
Aug 26, 1994
Sold by
Lasalle National Trust Na
Bought by
Lofgren Lewis Carpenter and Lofgren Mary Lehwald
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 $777,000 Stewart Title
Warranty Deed $896,000 Attorneys Title Guaranty Fun
Warranty Deed $1,000,000 Multiple
Warranty Deed $54,500 --
Trustee Deed $522,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,500,000 Credit Line Revolving
Previous Owner $613,900 Construction
Previous Owner $370,000 New Conventional
Previous Owner $417,000 New Conventional
Previous Owner $417,000 New Conventional
Previous Owner $800,000 Purchase Money Mortgage
Previous Owner $250,000 Credit Line Revolving
Previous Owner $250,000 Credit Line Revolving
Previous Owner $250,000 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/21/2025 05/21/25 For Sale $1,295,000 +66.7% $418 / Sq Ft
05/26/2016 05/26/16 Sold $777,000 0.0% $251 / Sq Ft
03/29/2016 03/29/16 Off Market $777,000 -- --
02/20/2016 02/20/16 Price Changed $839,000 -1.3% $271 / Sq Ft
01/14/2016 01/14/16 Price Changed $849,900 -2.3% $274 / Sq Ft
11/23/2015 11/23/15 For Sale $869,900 -2.9% $281 / Sq Ft
06/04/2012 06/04/12 Sold $895,750 -0.4% $263 / Sq Ft
04/18/2012 04/18/12 Pending -- -- --
02/14/2012 02/14/12 For Sale $899,000 -- $264 / 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 $29,643 $146,357 $8,286 $138,071
2023 $28,875 $143,809 $6,682 $137,127
2022 $28,875 $143,809 $6,682 $137,127
2021 $28,918 $143,808 $6,682 $137,126
2020 $27,452 $123,230 $5,155 $118,075
2019 $26,879 $133,787 $5,155 $128,632
2018 $26,427 $133,787 $5,155 $128,632
2017 $26,187 $121,646 $4,391 $117,255
2016 $23,864 $121,646 $4,391 $117,255
2015 $21,810 $121,646 $4,391 $117,255
2014 $18,692 $103,313 $3,436 $99,877
2013 $18,790 $103,313 $3,436 $99,877
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD09091529

Midwest Real Estate Data (MRED)

APN: 17-10-132-037-1585