$380,000 - $1,074,000
RENTED MAY 30, 2025

433 N Wells St Unit 502 Chicago, IL 60654

River North Neighborhood
3 Beds
2.5 Baths
2,400 Sq Ft
2002 Built

Last Sold May 27, 2016

Last sale price $1,095,000 $456 Per Sq Ft

Est. 28% decrease in value since last sale

Current estimated payment $5,592/month

Highlights

  • Lock-and-Leave Community
  • 2-minute walk to Merchandise Mart Station
  • Whirlpool Bathtub
  • Deck
  • Wood Flooring
  • Sundeck

About This Home

As of May 2025

Coveted, renovated 2,400 sq ft luxury condo in boutique elevator building located in the heart of River North. Beautiful half floor 3 bed/2.5bath condo has bright & open floor plan with floor to ceiling windows and 9 ft ceilings. Living room features marble fireplace, stunning metal built-in bar & shelving, motorized shades, wide plank flooring, balcony with city views & surround sound. Perfect for entertains with plenty of room for 10 person dining table. Unique, designer kitchen finished with two-tone custom cabinetry, high-end stainless steel appliances, marble countertops & peninsula with seating. Gorgeous power room located off of the kitchen. Generous size bedrooms with organized California Closets. Primary suite completed with professionally organized walk-in closet, incredible spa-like bathroom with dual vanity, steam shower and separate soaking tub. Building roof deck has breathtaking city views! 2 Prime 1st floor parking spaces available for additional. The best River North has to offer at your doorstep! Easily walk to dining and nightlife, public transportation, Merchandise Mart, East Bank Club, parks and to work in the Loop! A must see!

Last Agent to Rent the Property

Casey DeClerk

Compass License #475155935 Listed on: 05/18/2025

Compass

Last Renter's Agent

Laura England

Compass License #475165762

Compass

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $16,500

Year Built

  • Built in 2002 | Remodeled in 2016

Parking

  • 2 Car Garage

Home Design

  • Entry on the 5th floor
  • Brick Exterior Construction

Interior Spaces

  • 2,400 Sq Ft Home
  • Gas Log Fireplace
  • Window Screens
  • Family Room
  • Living Room with Fireplace
  • Combination Dining and Living Room
  • Wood Flooring
  • Door Monitored By TV

Kitchen

  • Range
  • Microwave
  • Freezer
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms
  • Dual Sinks
  • Whirlpool Bathtub
  • Separate Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Balcony
  • Deck

Utilities

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

Listing and Financial Details

  • Security Deposit $6,000
  • Property Available on 7/1/25
  • Rent includes water, scavenger
  • 12 Month Lease Term

Community Details

Overview

  • 10 Units
  • Lock-and-Leave Community
  • 7-Story Property

Amenities

  • Sundeck
  • Elevator

Pet Policy

  • Dogs and Cats Allowed

Security

  • Resident Manager or Management On Site

Condo Details

Home Type

Condominium

Est. Annual Taxes

$16,500

Year Built

Built in 2002 | Remodeled in 2016

Lot Details

0

Parking

2

Rental Info

  • Available Date: 2025-07-01
  • Lease Amount: 225
  • Lease Term: 12 Months
  • Board Approval: No
  • Board Number: 8
  • Pets Allowed (Y/N): Yes
  • Rental Price: 5995
  • Security Deposit: 6000
  • Is Parking Included in Price: No
  • Fees/Approvals: Credit Report,Move-in Fee
  • Max Pet Weight: N/A

Listing Details

  • Property Type: Residential Lease
  • Property Type: Residential Lease
  • Type Attached: Condo
  • EntryLevel: 5
  • Property Attached: Yes
  • Property Sub-Type: Condo
  • Year Built: 2002
  • Age: 21-25 Years
  • Built Before 1978 (Y/N): No
  • Disability Access and/or Equipped: No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2016
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 7
  • Year Renovated: 2016

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Freezer, Washer, Dryer, Disposal
  • Basement: None
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3
  • Total Bedrooms: 3
  • Fireplace Features: Gas Log, Gas Starter
  • Fireplaces: 1
  • Flooring: Hardwood
  • Furnished: No
  • Interior Amenities: Elevator
  • LivingArea: 2400
  • Room Type: Balcony/Porch/Lanai, Deck
  • Stories Total: 7
  • Window Features: Screens
  • Estimated Total Finished Sq Ft: 0
  • Bathroom Amenities: Whirlpool,Separate Shower,Double Sink
  • Below Grade Bedrooms: 0
  • Dining Room: Combined w/ LivRm
  • Total Sq Ft: 0
  • Fireplace Location: Living Room
  • Total Sq Ft: 0
  • Flooring: Hardwood

Exterior Features

  • Construction Materials: Brick
  • ExteriorFeatures: Balcony, Door Monitored By TV
  • List Price: 5995
  • Patio And Porch Features: Deck
  • Waterfront: No

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: On Site, Leased, Attached, Garage
  • ParkingTotal: 2

Utilities

  • Sewer: Other
  • Cooling: Central Air
  • Heating: Natural Gas, Forced Air
  • Laundry Features: Washer Hookup
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK
  • Association Amenities: Elevator(s), Sundeck, Security Door Lock(s)
  • Rent Includes: Water, Scavenger
  • Management: Manager Off-site
  • Management Company: n/a
  • Management Contact Name: n/a
  • Management Phone: 000-000-0000

Schools

  • Middle/Junior School District: 299

Lot Info

  • Lot Dimensions: COMMON

Multi Family

  • Units in Building: 10

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 24, 2016
Closed on
May 27, 2016
Sold by
Najem Alexander M
Bought by
Knopp Robert
Seller's Agent
Ryan Preuett
Jameson Sotheby's Intl Realty
Buyer's Agent
Casey DeClerk
Compass
List Price
$1,149,900
Sold Price
$1,095,000
Premium/Discount to List
-$54,900
-4.77%
Current Estimated Value
$791,509

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$303,491
Avg. Annual Appreciation
-2.50%
Original Mortgage
$766,500
Interest Rate
2.17%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Nov 24, 2015
Sold by
Corvo Debbie
Bought by
Nejerm Alexander M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$625,000
Interest Rate
14%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 5, 2012
Sold by
Ahmad Amer
Bought by
Corvo Debbie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$660,000
Interest Rate
8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 25, 2005
Sold by
North Star Trust Co
Bought by
Ahmad Amer

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$152,000
Interest Rate
5.7%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Sep 30, 2004
Sold by
Wood Kerry L and Wood Sarah G
Bought by
North Star Trust Co and Trust #04-7310

Purchase Details

Closed on
May 29, 2003
Sold by
Tivin Erik M
Bought by
Wood Kerry L and Wood Sarah G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$569,600
Interest Rate
4.75%
Mortgage Type
Unknown

Purchase Details

Closed on
Apr 1, 2002
Sold by
Tr Wells Partners Lp
Bought by
Tivin Erik M

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
6.75%
Source: Public Records

Range of Values:

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Average Value
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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
Knopp Robert $1,095,000 Acquest Title Services Llc
Nejerm Alexander M $775,000 Proper Title Llc
Corvo Debbie $710,000 None Available
Ahmad Amer $760,000 Cti
North Star Trust Co -- --
Wood Kerry L $712,000 Multiple
Tivin Erik M $645,000 Ticor Title Insurance
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Knopp Robert $780,500
Closed Knopp Robert $766,500
Previous Owner Nejerm Alexander M $625,000
Previous Owner Corvo Debbie $660,000
Previous Owner Ahmad Amer $182,686
Previous Owner Ahmad Amer $617,500
Previous Owner Ahmad Amer $152,000
Previous Owner Ahmad Amer $608,000
Previous Owner Wood Kerry L $569,600
Previous Owner Tivin Erik M $800,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/30/2025 05/30/25 Rented $6,220 +3.8% --
05/27/2025 05/27/25 Under Contract -- -- --
05/18/2025 05/18/25 For Rent $5,995 -0.1% --
04/13/2024 04/13/24 Rented $6,000 +7.1% --
03/18/2024 03/18/24 For Rent $5,600 -6.7% --
11/18/2021 11/18/21 Rented -- -- --
11/16/2021 11/16/21 Under Contract -- -- --
10/28/2021 10/28/21 For Rent $6,000 0.0% --
05/27/2016 05/27/16 Sold $1,095,000 -4.8% $456 / Sq Ft
04/08/2016 04/08/16 Pending -- -- --
03/24/2016 03/24/16 For Sale $1,149,900 -- $479 / 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 $16,500 $71,785 $9,063 $62,722
2023 $16,085 $78,203 $7,593 $70,610
2022 $16,085 $78,203 $7,593 $70,610
2021 $15,725 $78,201 $7,592 $70,609
2020 $15,315 $68,750 $5,638 $63,112
2019 $15,000 $74,657 $5,638 $69,019
2018 $14,747 $74,657 $5,638 $69,019
2017 $11,902 $55,288 $4,802 $50,486
2016 $11,074 $55,288 $4,802 $50,486
2015 $10,131 $55,288 $4,802 $50,486
2014 $11,009 $59,337 $3,758 $55,579
2013 $10,792 $59,337 $3,758 $55,579
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12368658

Midwest Real Estate Data (MRED)

APN: 17-09-252-019-1008