NOT LISTED FOR SALE

4545 S Drexel Blvd Unit 1C Chicago, IL 60653

Kenwood Neighborhood

Estimated Value: $327,000 - $386,000

2 Beds
2 Baths
2,300 Sq Ft
$159/Sq Ft Est. Value

Last Sold October 30, 2015

Last sale price $122,000 $53 Per Sq Ft

Est. 199% increase in value since last sale

Current estimated payment $2,282/month

Highlights

  • Landscaped Professionally
  • Wood Flooring
  • Whirlpool Bathtub
  • Vaulted Ceiling
  • Main Floor Bedroom
  • 4-minute walk to Gwendolyn Brooks Park

About This Home

As of May 2016

This most distinctive greystone mansion was designed by Daniel Burnham and built in 1916. It was converted in the mid-2000s into 20 condo units. This unit has been recently redecorated and polished up for the next owner. It has truly unique space, with antique casement windows gracing the entire south walls of the both the upstairs and downstairs. Upstairs is the huge living room with an electric fireplace and tall windows flooding the unit with sun. It opens both to the windowed room that could be used as a dining room/study/bedroom and to the updated kitchen with granite countertops and new stainless steel appliances. Off the main space is the master bedroom and bath. All of the upstairs rooms have very high ceilings and gleaming hardwood floors. The bath has a granite topped double vanity and whirlpool tub with marble surround. The lower level has a large family room with a big walk-in closet, a laundry room with brand new front loader machines and a 2nd bedroom and bath.

Last Agent to Rent the Property

Margie Smigel

The Margie Smigel Group, LLC License #471000008 Listed on: 05/02/2016

Last Renter's Agent

Margie Smigel

The Margie Smigel Group, LLC License #471000008 Listed on: 05/02/2016

Property Details

Home Type

  • Other

Est. Annual Taxes

  • $4,242

Year Built

  • 1916

Lot Details

  • Southern Exposure
  • Fenced Yard
  • Landscaped Professionally
  • Corner Lot

Home Design

  • Brick Exterior Construction
  • Brick Foundation
  • Stone Foundation
  • Stone Siding

Interior Spaces

  • Elevator
  • Vaulted Ceiling
  • Attached Fireplace Door
  • Electric Fireplace
  • Formal Dining Room
  • Wood Flooring
  • Storm Screens
  • Washer and Dryer Hookup

Kitchen

  • Breakfast Bar
  • Kitchen Island

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • Primary Bathroom is a Full Bathroom
  • Bathroom on Main Level
  • Dual Sinks
  • Whirlpool Bathtub

Parking

  • Parking Available
  • Driveway
  • Off Alley Parking
  • Parking Included in Price
  • Assigned Parking

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Lake Michigan Water
  • Cable TV Available

Additional Features

  • North or South Exposure
  • Property is near a bus stop

Community Details

Amenities

  • Common Area

Pet Policy

  • Pets Allowed

Property Details

Home Type

Other

Est. Annual Taxes

$4,242

Year Built

1916

Lot Details

0

Rental Info

  • Available: 05/04/2016
  • Fees Approvals: Move-in Fee, Move-in Mon-Fri, Move-in Saturday, Refundable Damage Deposit
  • Lease Terms: 1 Year Lease, Available for Sale
  • Monthly Lot Rental Included: Water, Parking, Scavenger, Exterior Maintenance, Lawn Care, Snow Removal

Listing Details

  • Property Type: Residential Rental
  • Built Before 1978 (Y/N): Yes
  • General Information: Commuter Bus, Commuter Train
  • Type Attached: Condo-Duplex
  • Unit Floor Level: 1
  • Age: 91-100 Years
  • Special Features: None
  • Stories: 4
  • Year Built: 1916

Interior Features

  • Appliances: Oven/Range, Microwave, Dishwasher, High End Refrigerator, Washer, Dryer, All Stainless Steel Kitchen Appliances
  • Fireplaces: 1
  • Interior Property Features: Vaulted/Cathedral Ceilings, Elevator, Hardwood Floors, 1st Floor Bedroom, 1st Floor Full Bath, Laundry Hook-Up in Unit
  • Number Of Rooms: 6
  • Equipment: TV-Cable, Intercom, CO Detectors, Ceiling Fan
  • Fireplace Details: Attached Fireplace Doors/Screen, Electric
  • Fireplace Location: Living Room
  • Bedrooms All Levels: 2
  • Master Bedroom Level: Main Level
  • Master Bedroom Size: 14X13
  • Master Bedroom Flooring: Hardwood
  • Primary Bedroom Bath: Full
  • Second Bedroom Level: Lower
  • Second Bedroom Size: 13X10
  • Second Bedroom Flooring: Carpet
  • Bathroom Amenities: Whirlpool, Double Sink
  • Living Room Level: Main Level
  • Living Room Size: 21X18
  • Living Room Flooring: Hardwood
  • Dining Room: Separate
  • Dining Room Level: Main Level
  • Dining Room Size: 22X10
  • Dining Room Flooring: Hardwood
  • Family Room Level: Lower
  • Family Room Size: 19X17
  • Family Room Flooring: Carpet
  • Kitchen Type: Eating Area-Breakfast Bar, Island
  • Kitchen Level: Main Level
  • Kitchen Size: 11X10
  • Kitchen Flooring: Hardwood
  • Laundry Level: Lower
  • Laundry Size: 5X6
  • Laundry Flooring: Ceramic Tile
  • Additional Rooms: No additional rooms

Exterior Features

  • Foundation: Brick, Stone
  • Exterior Building Type: Brick, Stone
  • Exterior Property Features: Storms/Screens, Cable Access
  • Exposure: N (North), S (South)

Garage/Parking

  • Number of Cars: 1
  • Parking: Space/s
  • Parking Details: Assigned Spaces, Off Alley, Side Apron
  • Number Parking Spaces: 1
  • Parking On Site: Yes
  • Driveway: Asphalt
  • Parking Included In Price: Yes
  • Parking Ownership: Owned

Utilities

  • Cooling: Central Air
  • Electricity: Circuit Breakers, 100 Amp Service
  • Water: Lake Michigan, Public
  • Sewer: Sewer-Public, Sewer-Storm
  • Heating Fuel: Gas, Forced Air

Condo/Co-op/Association

  • Max Pet Weight: 999
  • Pets Allowed: Yes
  • Management: Manager Off-site, Monday through Friday
  • Pet Information: Cats OK, Dogs OK
  • Common Area Amenities: Elevator, Security Door Locks

Fee Information

  • Management Company: Advantage MGT

Schools

  • Junior High Dist: 299

Lot Info

  • Lot Dimensions: COMMON
  • Lot Description: Common Grounds, Corner, Fenced Yard, Landscaped Professionally

Multi Family

  • Total Number Unitsin Building: 20

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 7, 2017
Sold by
Cathey Eric and Cathey Benita M
Bought by
Munro Byron L and Munro Gemma A
Current Estimated Value
$364,627

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$199,500
Outstanding Balance
$168,523
Interest Rate
4.25%
Mortgage Type
New Conventional
Estimated Equity
$196,104

Purchase Details

Listed on
Jul 10, 2014
Closed on
Sep 15, 2015
Sold by
Fannie Mae
Bought by
Cathey Benita M and Cathey Eric
Seller's Agent
Scott Newman
Keller Williams ONEChicago
Buyer's Agent
Margie Smigel
The Margie Smigel Group, LLC
List Price
$139,900
Sold Price
$122,000
Premium/Discount to List
-$17,900
-12.79%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.59%

Purchase Details

Closed on
Oct 21, 2013
Sold by
Davis Reginald M
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Jun 29, 2006
Sold by
Drexel Mansion Lp
Bought by
Davis Reginald M and Carter Enid Charlaine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$227,752
Interest Rate
5.4%
Mortgage Type
Purchase Money Mortgage
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
Munro Byron L $210,000 Attorney
Cathey Benita M $122,000 Attorneys Title Guaranty Fun
Federal National Mortgage Association -- None Available
Davis Reginald M $285,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Munro Byron L $199,500
Previous Owner Davis Reginald M $227,752
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/23/2016 05/23/16 Rented $2,100 0.0% --
05/17/2016 05/17/16 For Rent $2,100 0.0% --
05/14/2016 05/14/16 Under Contract -- -- --
05/02/2016 05/02/16 For Rent $2,100 0.0% --
10/30/2015 10/30/15 Sold $122,000 -12.8% $53 / Sq Ft View Prior Sale
09/03/2015 09/03/15 Pending -- -- --
08/05/2015 08/05/15 For Sale $139,900 +14.7% $61 / Sq Ft
08/04/2015 08/04/15 Off Market $122,000 -- --
07/17/2015 07/17/15 Price Changed $139,900 -9.7% $61 / Sq Ft
07/14/2015 07/14/15 For Sale $155,000 0.0% $67 / Sq Ft
05/28/2015 05/28/15 Pending -- -- --
05/11/2015 05/11/15 Price Changed $155,000 -11.4% $67 / Sq Ft
05/04/2015 05/04/15 For Sale $174,900 0.0% $76 / Sq Ft
01/07/2015 01/07/15 Pending -- -- --
12/12/2014 12/12/14 Price Changed $174,900 -2.8% $76 / Sq Ft
12/05/2014 12/05/14 For Sale $179,900 0.0% $78 / Sq Ft
11/12/2014 11/12/14 Pending -- -- --
10/20/2014 10/20/14 Price Changed $179,900 -5.3% $78 / Sq Ft
09/16/2014 09/16/14 Price Changed $189,900 -5.0% $83 / Sq Ft
08/15/2014 08/15/14 Price Changed $199,900 -2.4% $87 / Sq Ft
07/10/2014 07/10/14 For Sale $204,900 -- $89 / 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 $4,242 $34,540 $7,471 $27,069
2023 $4,081 $26,000 $7,471 $18,529
2022 $4,081 $26,000 $7,471 $18,529
2021 $4,023 $25,999 $7,471 $18,528
2020 $3,352 $20,630 $3,628 $17,002
2019 $3,882 $22,751 $3,628 $19,123
2018 $3,816 $22,751 $3,628 $19,123
2017 $2,591 $15,412 $2,988 $12,424
2016 $2,587 $15,412 $2,988 $12,424
2015 $2,344 $15,412 $2,988 $12,424
2014 $4,196 $25,181 $2,561 $22,620
2013 $4,102 $25,181 $2,561 $22,620
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD09213347

Midwest Real Estate Data (MRED)

APN: 20-02-312-051-1003