$440,000
SOLD SEP 13, 2022

420 W Ontario St Unit 301 Chicago, IL 60654

River North Neighborhood
2 Beds
2 Baths
1,300 Sq Ft
$563/mo HOA Fee

Recently Sold

$338 Per Sq Ft

4% Above List Price

24 Days on Market

Highlights

  • Rooftop Deck
  • Vaulted Ceiling
  • End Unit
  • Lock-and-Leave Community
  • Wood Flooring
  • 3-minute walk to Ward A Montgomery Park Chicago

About This Home

As of September 2022

Stunning brick and timber loft in the very best part of River north! Soaring 13' ceilings with expansive south facing windows allow tons of natural light. Wide open floor plan offers a retreat to relax or the space to entertain. Newly refinished white kitchen with tons of countertop and cabinet space. Stone countertops, marble backsplash and stainless appliances! Custom light fixtures! Hardwood flooring throughout! Split bedroom floor plan is perfect for a guest room, roommate, office or fitness room. Both bathrooms are beautifully modern! Unit is nicely private as it only shares one common wall with another unit. Enjoy summer nights either on the private balcony off the living room, or the fully furnished common roof deck with skyline views! Boutique building with 29 total units. In unit laundry. Additional storage unit included. Optional deeded garage parking is $25K additional, located right next door at 400 W Ontario. Can also use the fitness room at 400 W Ontario. Investor friendly! Walk to the city's best restaurants, nightlife and grocery stores. Easy CTA brown line access, and seconds from the highway! Monthly assessment includes everything (gas, internet, cable, etc.) except electric!

Last Agent to Sell the Property

Aaron Greenberg

Kale Realty License #475155485 Listed on: 07/25/2022

Kale Realty

Last Buyer's Agent

Robert Medinger

Keller Williams Preferred Rlty License #475173007

Keller Williams Preferred Rlty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $7,823

Lot Details

  • End Unit

HOA Fees

  • $563 Monthly HOA Fees

Parking

  • 1 Car Detached Garage
  • Heated Garage
  • Garage Door Opener
  • Deeded Parking Sold Separately

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 1,300 Sq Ft Home
  • 4-Story Property
  • Vaulted Ceiling
  • Family Room
  • Combination Dining and Living Room
  • Storage
  • Wood Flooring

Kitchen

  • Range
  • Microwave
  • Freezer
  • Dishwasher
  • Stainless Steel Appliances
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms
  • 2 Full Bathrooms
  • Soaking Tub

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

Outdoor Features

  • Balcony
  • Rooftop Deck

Utilities

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

Community Details

Overview

  • Association fees include heat, water, gas, parking, insurance, tv/cable, exterior maintenance, lawn care, scavenger, snow removal, internet
  • 29 Units
  • Hope Chavez Association, Phone Number (312) 475-9400
  • Timber Gallery Lofts Subdivision
  • Property managed by Advantage Management
  • Lock-and-Leave Community

Amenities

  • Sundeck
  • Community Storage Space
  • Elevator

Recreation

  • Bike Trail

Pet Policy

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

Security

  • Resident Manager or Management On Site
  • Storm Screens

Property Details

Home Type

Condominium

Est. Annual Taxes

$7,823

Lot Details

0

HOA Fees

$563 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: Condo,Condo-Loft
  • Ownership: Condo
  • New Construction: No
  • Property Sub-Type: Condo,Condo-Loft
  • Subdivision Name: Timber Gallery Lofts
  • Age: Unknown
  • 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: 3
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 4

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Freezer, Washer, Dryer, Disposal, Stainless Steel Appliance(s)
  • Basement: None
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 2
  • Interior Amenities: Vaulted/Cathedral Ceilings, Elevator, Hardwood Floors, Laundry Hook-Up in Unit, Storage
  • LivingArea: 1300
  • Room Type: No additional rooms
  • Stories Total: 4
  • 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
  • ResoLivingAreaSource: Estimated

Exterior Features

  • ExteriorFeatures: Balcony, Roof Deck, Storms/Screens, End Unit
  • List Price: 415000
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 1
  • Number of Cars: 1
  • Garage Details: Garage Door Opener(s),Heated
  • Garage On-Site: No
  • Garage Ownership: Deeded Sold Separately
  • Garage Type: Detached
  • Parking: Garage
  • Deeded Garage Cost: 25000

Utilities

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

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK, Number Limit, Size Limit
  • Association Fee: 563
  • Association Amenities: Bike Room/Bike Trails, Elevator(s), Storage, On Site Manager/Engineer, Sundeck, Security Door Lock(s)
  • Association Fee Frequency: Monthly
  • Management: Manager On-site
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: Advantage Management
  • Management Contact Name: Hope Chavez
  • Management Phone: 312-475-9400X1008
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Heat, Water, Gas, Parking, Insurance, TV/Cable, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal, Internet

Schools

  • Middle/Junior School District: 299

Lot Info

  • Additional Parcels: No
  • 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: 7823
  • Tax Year: 2020
  • Tax Exemptions: None

Multi Family

  • Units in Building: 29

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 25, 2022
Closed on
Sep 9, 2022
Sold by
Tremblay Andrew Laurent and Tremblay Jessica
Bought by
Mitchell Christian and Price Lauren
Seller's Agent
Aaron Greenberg
Kale Realty
Buyer's Agent
Robert Medinger
Keller Williams Preferred Rlty
List Price
$425,000
Sold Price
$440,000
Premium/Discount to List
$15,000
3.53%
Current Estimated Value
$466,564

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$26,564
Avg. Annual Appreciation
3.20%
Original Mortgage
$396,000
Outstanding Balance
$381,848
Interest Rate
5.6%
Mortgage Type
New Conventional
Estimated Equity
$100,243

Purchase Details

Listed on
May 1, 2018
Closed on
Jun 7, 2018
Sold by
Big Badger Properties Llc
Bought by
Tremblay Andrew Lauren T
Seller's Agent
Joshua Lipton
Compass
Buyer's Agent
Keith Tarasiewicz
Gutman Real Estate
List Price
$425,000
Sold Price
$470,000
Premium/Discount to List
$45,000
10.59%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.53%
Original Mortgage
$376,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 15, 2016
Sold by
Kirby Wickliffe B
Bought by
Big Badger Properties Llc

Purchase Details

Closed on
Apr 12, 2010
Sold by
Cheshire Jeanne and Jenkins Jeanne
Bought by
Kirby Wickliffe B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$319,783
Interest Rate
3.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 10, 2008
Sold by
Deutsche Bank National Trust Co
Bought by
Cheshire Jeanne A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$276,925
Interest Rate
6.05%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 31, 2007
Sold by
Mattia David
Bought by
Deutsche Bank National Trust Co and Carrington Home Equity Loan Trust Series

Purchase Details

Closed on
May 20, 2005
Sold by
Helmer Nicholas J
Bought by
Mattia David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$69,780
Interest Rate
5.91%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Aug 6, 2004
Sold by
420 Lofts Llc
Bought by
Helmer Nicholas J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$323,900
Interest Rate
8.99%
Mortgage Type
Unknown
Source: Public Records

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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 $440,000 None Listed On Document
Warranty Deed $470,000 Attorney S Title Guaranty Fu
Quit Claim Deed -- None Available
Warranty Deed $355,500 Chicago Title Insurance Co
Corporate Deed $291,500 Premier Title
Legal Action Court Order -- None Available
Warranty Deed $349,000 Lawyers
Special Warranty Deed $360,000 Lawyers
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $396,000 New Conventional
Closed $396,000 New Conventional
Previous Owner $376,000 New Conventional
Previous Owner $376,000 New Conventional
Previous Owner $278,400 New Conventional
Previous Owner $319,783 New Conventional
Previous Owner $275,000 New Conventional
Previous Owner $276,925 Purchase Money Mortgage
Previous Owner $69,780 Stand Alone Second
Previous Owner $279,120 Unknown
Previous Owner $323,900 Unknown
Previous Owner $269,925 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/13/2022 09/13/22 Sold $440,000 +6.0% $338 / Sq Ft
08/19/2022 08/19/22 Pending -- -- --
08/18/2022 08/18/22 Price Changed $415,000 -2.4% $319 / Sq Ft
07/25/2022 07/25/22 For Sale $425,000 -9.6% $327 / Sq Ft
06/07/2018 06/07/18 Sold $470,000 0.0% $362 / Sq Ft
05/07/2018 05/07/18 Pending -- -- --
05/07/2018 05/07/18 Off Market $470,000 -- --
05/01/2018 05/01/18 For Sale $425,000 -- $327 / 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 $8,210 $40,075 $10,611 $29,464
2023 $8,004 $38,913 $8,557 $30,356
2022 $8,004 $38,913 $8,557 $30,356
2021 $7,825 $38,913 $8,557 $30,356
2020 $7,101 $31,876 $6,601 $25,275
2019 $6,953 $34,607 $6,601 $28,006
2018 $6,836 $34,607 $6,601 $28,006
2017 $6,189 $28,751 $5,623 $23,128
2016 $5,759 $28,751 $5,623 $23,128
2015 $5,269 $28,751 $5,623 $23,128
2014 $5,243 $28,256 $3,520 $24,736
2013 $5,139 $28,256 $3,520 $24,736
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11460069

Midwest Real Estate Data (MRED)

APN: 17-09-127-040-1011