NOT LISTED FOR SALE

406 S Lombard Ave Unit 2 Oak Park, IL 60302

Estimated Value: $170,000 - $185,000

2 Beds
1 Bath
950 Sq Ft
$438/mo HOA Fee

Last Sold January 12, 2024

Last sale price $158,000 $166 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $1,712/month

23 Days on Market

Highlights

  • Fitness Center
  • Heating System Uses Steam
  • Coin Laundry
  • Longfellow Elementary School Rated A-
  • Bike Trail
  • Dogs and Cats Allowed

About This Home

As of January 2024

Charming 2-bedroom condo in the heart of beautiful and historic Oak Park! This fabulous, sun-filled home boasts a spacious layout with a separate dining room, perfect for entertaining. The full kitchen and butler's pantry offer plenty of counter space and storage. The brick fireplace, hardwood floors and ample closet space complete this vintage gem. Enjoy some fresh air on the back porch or shared courtyard. Laundry facility and workout room located on site as well as additional storage space. Conveniently located near the Blue or Green Line, expressways, nightlife, dining, schools and parks. Welcome home!

Last Agent to Sell the Property

Bob Kourelis

Baird & Warner License #475167829 Listed on: 12/06/2023

Baird & Warner

Last Buyer's Agent

Christopher Dewilde

Real Broker LLC License #475188549

Real Broker LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,092

Year Built

  • Built in 1928

Lot Details

  • 0.37

HOA Fees

  • $438 Monthly HOA Fees

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 950 Sq Ft Home
  • 3-Story Property
  • Living Room with Fireplace
  • Range<<rangeHoodToken>>

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms
  • 1 Full Bathroom

Utilities

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

Listing and Financial Details

  • Homeowner Tax Exemptions

Community Details

Overview

  • Association fees include heat, water, insurance, exercise facilities, exterior maintenance, scavenger, snow removal
  • 25 Units
  • Chris Thompson Association, Phone Number (708) 386-7355
  • Property managed by M & M Property Management

Amenities

  • Coin Laundry
  • Community Storage Space

Recreation

  • Fitness Center
  • Bike Trail

Pet Policy

  • Limit on the number of pets
  • Dogs and Cats Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,092

Year Built

Built in 1928

Lot Details

0

HOA Fees

$438 per month

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: Condo
  • Ownership: Condo
  • New Construction: No
  • Property Sub-Type: Condo
  • Year Built: 1928
  • Age: 91-100 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: 2
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 3

Interior Features

  • Appliances: Range, Refrigerator
  • Basement: None
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplaces: 1
  • LivingArea: 950
  • Room Type: No additional rooms
  • Stories Total: 3
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: None
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 0
  • Fireplace Location: Living Room
  • Total Sq Ft: 0
  • ResoLivingAreaSource: Estimated

Exterior Features

  • List Price: 165000
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Parking: None

Utilities

  • Sewer: Public Sewer
  • Cooling: Window/Wall Units - 2
  • Heating: Natural Gas, Steam, Radiator(s)
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK, Number Limit
  • Association Fee: 438
  • Association Amenities: Bike Room/Bike Trails, Coin Laundry, Exercise Room, Storage
  • Association Fee Frequency: Monthly
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: M & M Property Management
  • Management Contact Name: Chris Thompson
  • Management Phone: 708-386-7355
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Heat, Water, Insurance, Exercise Facilities, Exterior Maintenance, Scavenger, Snow Removal

Schools

  • Middle/Junior School District: 97

Lot Info

  • Lot Dimensions: COMMON
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Pets Allowed (Y/N): Yes
  • Is Parking Included in Price: No
  • Max Pet Weight: 999

Tax Info

  • Tax Annual Amount: 3092.27
  • Tax Year: 2022
  • Tax Exemptions: Homeowner

Multi Family

  • Units in Building: 25

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 6, 2023
Closed on
Jan 10, 2024
Sold by
Karim Olivia and Karim Eugene
Bought by
Reyes Marco Antonio
Seller's Agent
Bob Kourelis
Baird & Warner
Buyer's Agent
Christopher Dewilde
Real Broker LLC
List Price
$165,000
Sold Price
$158,000
Premium/Discount to List
-$7,000
-4.24%
Views
100
Current Estimated Value
$178,266

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$20,266
Avg. Annual Appreciation
8.26%
Original Mortgage
$155,138
Outstanding Balance
$153,064
Interest Rate
7.13%
Mortgage Type
FHA
Estimated Equity
$25,202

Purchase Details

Closed on
Oct 8, 2014
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Emperado Eugene and Karim Olivia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$76,000
Interest Rate
4.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 15, 2014
Sold by
Croyle Angela R and Jpmorgan Chase Bank National A
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
Apr 28, 2006
Sold by
Orticelli Samuel J and Orticelli Candice
Bought by
Hicks Robert K and Croyle Angela

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$162,450
Interest Rate
6.37%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Sep 23, 2004
Sold by
Jacob Kathleen R and Jacob Kathleen
Bought by
Orticelli Samuel J and Orticelli Candice

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,000
Interest Rate
6.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 30, 2001
Sold by
Jackson Nancy
Bought by
Jacob Kathleen R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$102,000
Interest Rate
7.13%

Purchase Details

Closed on
Sep 16, 1998
Sold by
Fox Krause Partnership
Bought by
Jackson Nancy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$143,000
Interest Rate
7.5%
Source: Public Records

Range of Values:

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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
Reyes Marco Antonio $158,000 Old Republic National Title
Emperado Eugene $95,000 Attorneys Title Guaranty Fun
Federal Home Loan Mortgage Corporation -- None Available
Hicks Robert K $171,000 Cti
Orticelli Samuel J $165,000 Prairie Title
Jacob Kathleen R $117,000 Chicago Title Insurance Co
Jackson Nancy $84,000 Prairie Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Reyes Marco Antonio $155,138
Previous Owner Emperado Eugene $76,000
Previous Owner Hicks Robert K $162,450
Previous Owner Orticelli Samuel J $132,000
Previous Owner Jacob Kathleen R $99,800
Previous Owner Jacob Kathleen R $102,000
Previous Owner Jackson Nancy $143,000
Closed Orticelli Samuel J $33,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/12/2024 01/12/24 Sold $158,000 -4.2% $166 / Sq Ft
12/30/2023 12/30/23 Pending -- -- --
12/06/2023 12/06/23 For Sale $165,000 -- $174 / 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 $3,448 $13,893 $931 $12,962
2023 $3,092 $13,893 $931 $12,962
2022 $3,092 $11,473 $565 $10,908
2021 $3,047 $11,473 $565 $10,908
2020 $3,056 $11,473 $565 $10,908
2019 $3,772 $9,831 $515 $9,316
2018 $3,630 $9,831 $515 $9,316
2017 $3,551 $9,831 $515 $9,316
2016 $3,341 $8,302 $432 $7,870
2015 $2,994 $8,302 $432 $7,870
2014 $1,921 $8,302 $432 $7,870
2013 $3,485 $13,338 $432 $12,906
Source: Public Records

Agents Affiliated with this Home

  • Bob Kourelis

    Seller's Agent in 2024

    Bob Kourelis

    Baird & Warner

    (773) 213-4073

    2 in this area

    11 Total Sales

    Bob Kourelis
    Section Image

  • C

    Buyer's Agent in 2024

    Christopher Dewilde

    Real Broker LLC

    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11940478

Midwest Real Estate Data (MRED)

APN: 16-08-321-034-1021

Illinois Cook County Oak Park 60302

406 S Lombard Ave Unit 2, Oak Park, IL

This home is located at 406 S Lombard Ave Unit 2, Oak Park, IL 60302 since 06 December 2023 and is currently estimated at $178,266, approximately $187 per square foot. This property was built in 1928. 406 S Lombard Ave Unit 2 is a home located in Cook County with nearby schools including Longfellow Elementary School, Percy Julian Middle School, and Oak Park and River Forest High School.

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