$400,000
SOLD SEP 23, 2024

407 N Elizabeth St Unit 209 Chicago, IL 60642

West Town Neighborhood
1 Bed
1 Bath
1,641 Sq Ft
$372/mo HOA Fee

Recently Sold

$244 Per Sq Ft

6% Below List Price

5 Days on Market

Highlights

  • Balcony
  • Entrance Foyer
  • Combination Dining and Living Room
  • Resident Manager or Management On Site
  • Forced Air Heating and Cooling System
  • 2-minute walk to Mineral Wells City Park

About This Home

As of September 2024

Step into one of Fulton Market's most remarkable properties! First time on the market in 30 years. This expansive, unique southwest corner true working studio timber loft unit offers over 1600 square feet of open space, providing a canvas for your customizations. Presently configured with one bedroom and an open-concept layout, the unit boasts an in-unit washer/dryer and the potential for an additional bathroom. Hardwood maple floors throughout the living areas. Its charm is accentuated by exposed brick walls, oversized windows, and a New York-style fire escape balcony. Included is one secured exterior parking spot, with the option to purchase or rent additional spaces. Endless protected Southern views! Situated just a brief stroll from The West Loop and Restaurant Row, this residence combines world-class aesthetics with an unbeatable location!

Last Agent to Sell the Property

J Maggio

Americorp, Ltd License #475128409 Listed on: 07/22/2024

Co-Listed By

Hilary Kaden

@properties

Last Buyer's Agent

Matt Laricy

Americorp, Ltd License #471003711

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $9,475

Year Built

  • Built in 1995

HOA Fees

  • $372 Monthly HOA Fees

Home Design

  • Brick Exterior Construction
  • Rubber Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,641 Sq Ft Home
  • 3-Story Property
  • Entrance Foyer
  • Living Room with Fireplace
  • Combination Dining and Living Room

Kitchen

  • Range
  • Freezer
  • Dishwasher

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Potential Bedroom
  • 1 Full Bathroom

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Parking

  • 1 Parking Space
  • Automatic Gate
  • Uncovered Parking
  • Parking Included in Price

Schools

  • Otis Elementary School
  • Wells Community Academy Senior H High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Additional Features

  • Balcony
  • Additional Parcels

Listing and Financial Details

  • Homeowner Tax Exemptions

Community Details

Overview

  • Association fees include parking, exterior maintenance, scavenger, snow removal, internet
  • 18 Units
  • Hanna Association, Phone Number (312) 666-0149
  • Property managed by Hales

Pet Policy

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

Security

  • Resident Manager or Management On Site

Property Details

Home Type

Condominium

Est. Annual Taxes

$9,475

Year Built

Built in 1995

Lot Details

0

HOA Fees

$372 per month

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: Condo-Loft
  • Ownership: Condo
  • New Construction: No
  • Property Sub-Type: Condo-Loft
  • Year Built: 1995
  • Age: 26-30 Years
  • Built Before 1978 (Y/N): No
  • Disability Access and/or Equipped: No
  • General Information: Commuter Bus,Commuter Train
  • 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, Dishwasher, Refrigerator, Freezer, Washer, Dryer
  • Basement: None
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 1
  • Fireplaces: 1
  • LivingArea: 1641
  • Room Type: Foyer
  • Stories Total: 3
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: None
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Combined w/ LivRm
  • Total Sq Ft: 0
  • Fireplace Location: Living Room
  • Total Sq Ft: 0

Exterior Features

  • ExteriorFeatures: Balcony
  • Foundation Details: Concrete Perimeter
  • List Price: 425000
  • Roof: Rubber
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

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

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Natural Gas, Forced Air
  • Laundry Features: In Unit
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK, Number Limit
  • Association Fee: 372
  • Association Fee Frequency: Monthly
  • Management: Manager Off-site
  • Master Association Fee Frequency: Not Required
  • Management Company: Hales
  • Management Contact Name: Hanna
  • Management Phone: 312-666-0149
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Parking, Exterior Maintenance, Scavenger, Snow Removal, Internet

Schools

  • Elementary School: Otis Elementary School
  • High School: Wells Community Academy Senior H
  • Middle/Junior School: Otis Elementary School
  • Middle/Junior School District: 299

Lot Info

  • Additional Parcels Description: 17081410231033
  • Additional Parcels: Yes
  • Lot Dimensions: COMMON
  • Rural (Y/N): N
  • Special Assessments: Y

Rental Info

  • Board Number: 8
  • Pets Allowed (Y/N): Yes
  • Is Parking Included in Price: Yes
  • Max Pet Weight: 999

Tax Info

  • Tax Annual Amount: 9474.6
  • Tax Year: 2023
  • Tax Exemptions: Homeowner

Multi Family

  • Units in Building: 18

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 22, 2024
Closed on
Aug 19, 2024
Sold by
Ferguson Richard D and Ferguson Richard Dalton
Bought by
Lee Andrew Grier
Seller's Agent
J Maggio
Americorp, Ltd
Buyer's Agent
Matt Laricy
Americorp, Ltd
List Price
$425,000
Sold Price
$400,000
Premium/Discount to List
-$25,000
-5.88%
Views
11

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.97%

Purchase Details

Closed on
Sep 16, 2019
Sold by
Ferguson Richard Dalton and Ferguson Richard D
Bought by
Ferguson Richard Dalton and Ferguson John T

Purchase Details

Closed on
Feb 1, 2002
Sold by
Ferguson Richard Dalton and Ferguson Richard J
Bought by
Ferguson Richard Dalton

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$115,000
Interest Rate
6.92%
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 $400,000 Proper Title
Interfamily Deed Transfer -- Attorney
Interfamily Deed Transfer -- Stewart Title Guaranty Compa
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $213,000 No Value Available
Previous Owner $92,334 New Conventional
Previous Owner $219,700 Credit Line Revolving
Previous Owner $107,000 Unknown
Previous Owner $100,000 Credit Line Revolving
Previous Owner $115,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/23/2025 07/23/25 For Sale $499,995 +25.0% $305 / Sq Ft
09/23/2024 09/23/24 Sold $400,000 -5.9% $244 / Sq Ft
07/28/2024 07/28/24 Pending -- -- --
07/22/2024 07/22/24 For Sale $425,000 -- $259 / 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 $9,323 $48,852 $8,918 $39,934
2023 $11,758 $47,351 $4,070 $43,281
2022 $11,758 $60,396 $4,070 $56,326
2021 $11,513 $60,394 $4,069 $56,325
2020 $8,910 $42,965 $4,069 $38,896
2019 $8,847 $47,316 $4,069 $43,247
2018 $8,696 $47,316 $4,069 $43,247
2017 $8,305 $41,824 $3,590 $38,234
2016 $7,877 $41,824 $3,590 $38,234
2015 $7,183 $41,824 $3,590 $38,234
2014 $5,906 $34,399 $3,052 $31,347
2013 $5,778 $34,399 $3,052 $31,347
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12117557

Midwest Real Estate Data (MRED)

APN: 17-08-141-023-1013