NOT LISTED FOR SALE

4550 N Merrimac Ave Unit 1 Chicago, IL 60630

Jefferson Park Neighborhood

Estimated Value: $419,000 - $548,000

3 Beds
1 Bath
1,150 Sq Ft
$408/Sq Ft Est. Value

Highlights

  • 2 Car Detached Garage
  • Living Room
  • Dining Room
  • Taft High School Rated A-
  • Laundry Room
  • 5-minute walk to Dunham Park

About This Home

As of December 2022

Bright, open, and newly renovated 3 bedroom 1 bath unit located in a quiet neighborhood of Portage Park now available for rent! Walk just minutes to Dunham Park, Butera grocery store, restaurants, and bus stations nearby. Minutes drive to highways, CTA & Metra stations, college, shopping malls, airport and more! Extra storage in the unfinished basement, free street parking w/ Chicago City Sticker, two car garage can be available with extra fee, lovely backyard for entertainment. Pets allowed, tenant pays all utilities and maintain the yard. Short term rental allowed with higher rent. Schedule a showing today!

Last Agent to Rent the Property

Amily Yi-Chieh Tseng

HomeSmart Connect LLC License #475183573 Listed on: 11/07/2022

HomeSmart Connect LLC

Last Renter's Agent

Dessi Yordanova

Berkshire Hathaway HomeServices Starck Real Estate License #475164011

Berkshire Hathaway HomeServices Starck Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,575

Year Built

  • Built in 1929 | Remodeled in 2022

Lot Details

  • Lot Dimensions are 30 x 125

Parking

  • 2 Car Detached Garage
  • Garage Door Opener
  • Parking Space is Owned
  • Unassigned Parking

Home Design

  • Property Attached
  • Vinyl Siding

Interior Spaces

  • 1,150 Sq Ft Home
  • Living Room
  • Dining Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Sink Near Laundry
  • Gas Dryer Hookup

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry
  • Basement Cellar
  • Crawl Space
  • Basement Storage
  • Basement Window Egress

Utilities

  • 3+ Cooling Systems Mounted To A Wall/Window
  • Radiator
  • Baseboard Heating
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Listing and Financial Details

  • Property Available on 11/6/22
  • Rent includes air conditioning

Community Details

Overview

  • 2 Units

Amenities

  • Laundry Facilities
  • Community Storage Space

Pet Policy

  • Pets up to 50 lbs
  • Limit on the number of pets
  • Pet Size Limit
  • Pet Deposit Required
  • Dogs and Cats Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,575

Year Built

Built in 1929 | Remodeled in 2022

Lot Details

0

Parking

2

Rental Info

  • Available Date: 2022-11-06
  • Board Number: 10
  • Pets Allowed (Y/N): Yes
  • Type of Rental Property: Attached
  • Rental Price: 1700
  • Security Deposit: 1 MO
  • Is Parking Included in Price: No
  • Max Pet Weight: 50

Listing Details

  • Property Type: Residential Lease
  • Property Type: Residential Lease
  • Type Attached: Other
  • Property Sub-Type: Attached
  • Year Built: 1929
  • Age: 91-100 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: School Bus Service,Commuter Bus
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2022
  • ResoPropertyType: ResidentialLease
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2022

Interior Features

  • Basement: Full
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 3
  • Furnished: No
  • LivingArea: 1150
  • Room Type: No additional rooms
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: Unfinished,Crawl,Cellar,Exterior Access,Egress Window,Concrete (Basement),Storage Space
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 0
  • Total Sq Ft: 0
  • ResoLivingAreaSource: Estimated

Exterior Features

  • List Price: 1700
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Unassigned
  • ParkingTotal: 2
  • Number of Cars: 4
  • Garage Details: Garage Door Opener(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage,Space/s
  • Parking On-Site: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Window/Wall Units - 3+
  • Heating: Natural Gas, Baseboard, Radiator(s)
  • Laundry Features: Gas Dryer Hookup, In Unit, Common Area, Sink
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Pets Allowed: Additional Pet Rent, Cats OK, Deposit Required, Dogs OK, Number Limit, Size Limit
  • Association Amenities: Storage, Laundry
  • Rent Includes: Air Conditioning

Schools

  • Middle/Junior School District: 299

Lot Info

  • Lot Dimensions: 30 X 125

Multi Family

  • Units in Building: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 22, 2011
Sold by
Olinger Donald D and Olinger Haydee
Bought by
Naelgas John
Current Estimated Value
$469,352

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
4.14%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 6, 1999
Sold by
Minasian Michael E and Minasian Jean M
Bought by
Olinger Donald D and Olinger Haydee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
7.43%

Purchase Details

Closed on
Apr 25, 1994
Sold by
Rybinski Florence
Bought by
Minasian Michael E and Lebrecht Jean M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$127,800
Interest Rate
6.37%
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
Naelgas John $175,000 Cti
Olinger Donald D $177,000 --
Minasian Michael E $142,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Naelgas John $140,000
Previous Owner Olinger Donald D $100,000
Previous Owner Minasian Michael E $127,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/01/2022 12/01/22 Rented $1,700 0.0% --
11/07/2022 11/07/22 For Rent $1,700 -- --
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 $4,575 $37,000 $13,230 $23,770
2023 $4,439 $25,000 $10,584 $14,416
2022 $4,439 $25,000 $10,584 $14,416
2021 $4,358 $25,000 $10,584 $14,416
2020 $6,534 $32,435 $4,725 $27,710
2019 $6,633 $36,444 $4,725 $31,719
2018 $7,199 $36,444 $4,725 $31,719
2017 $5,775 $26,827 $4,158 $22,669
2016 $5,373 $26,827 $4,158 $22,669
2015 $4,916 $26,827 $4,158 $22,669
2014 $4,730 $25,494 $3,780 $21,714
2013 $4,637 $25,494 $3,780 $21,714
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11668897

Midwest Real Estate Data (MRED)

APN: 13-17-110-064-0000