NOT LISTED FOR SALE

4640 N Racine Ave Unit 46401 Chicago, IL 60640

Sheridan Park Neighborhood

Estimated Value: $345,000 - $396,000

2 Beds
2 Baths
1,000 Sq Ft
$349/mo HOA Fee

Last Sold October 31, 2023

Last sale price $342,000 $342 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $2,704/month

4 Days on Market

Highlights

  • Lock-and-Leave Community
  • Wood Flooring
  • Corner Lot
  • Deck
  • End Unit
  • 3-minute walk to Gooseberry Park

About This Home

As of October 2023

A corner, move-in ready, modern 2 bedrooms/2 baths with east and south exposure in Sheridan Park that is nestled in a beautifully landscaped shared courtyard. Home features an open floor plan with newly (2021) stained hardwood floors throughout. Enjoy the gorgeous upgraded (2021) kitchen that opens up to the living room for a great space to entertain guests. The living room features an updated (2021) fireplace surrounded by glass tiles for those chilly winter nights and windows that provide plenty of natural light from those bright sunny days. In the kitchen you'll be greeted with beautiful blue ash, extra tall and soft close cabinets, newer stainless steel appliances, vent hood, quartz countertops and backsplash. To the left of the kitchen, there's plenty of space to either use as an office area or for dining. The large primary bedroom with en-suite is equipped with a walk-in shower and newer vanity, shower head, and toilet. An individual porch located in the back has plenty of room for table, chairs and grill. In addition, the unit comes with full size side by side washer/dryer, large storage with shelving in the basement, and one detached garage parking space. Newer furnace and AC (2022). Located conveniently near the newly renovated Wilson Station, restaurants and stores.

Last Agent to Sell the Property

Dee Thompson

Berkshire Hathaway HomeServices Chicago License #475133731 Listed on: 09/25/2023

Berkshire Hathaway HomeServices Chicago

Co-Listed By

Dione Balingit

Berkshire Hathaway HomeServices Chicago License #475168639

Last Buyer's Agent

Tawnya McVicker

Keller Williams ONEChicago License #475119548

Keller Williams ONEChicago

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,622

Year Built

  • Built in 1910

Lot Details

  • End Unit
  • Fenced Yard
  • Additional Parcels

HOA Fees

  • $349 Monthly HOA Fees

Parking

  • 1 Car Detached Garage
  • Garage Door Opener
  • Parking Included in Price

Home Design

  • Slab Foundation

Interior Spaces

  • 1,000 Sq Ft Home
  • 3-Story Property
  • Fireplace With Gas Starter
  • Living Room with Fireplace
  • Combination Dining and Living Room
  • Storage Room
  • Wood Flooring

Kitchen

  • Range
  • Dishwasher
  • Stainless Steel Appliances

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Outdoor Features

  • Deck

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Listing and Financial Details

  • Homeowner Tax Exemptions

Community Details

Overview

  • Association fees include water, parking, insurance, exterior maintenance, lawn care, scavenger
  • 18 Units
  • Erica Mitchell Association, Phone Number (773) 572-0880
  • Property managed by Westward 360
  • Lock-and-Leave Community

Amenities

  • Community Storage Space

Recreation

  • Bike Trail

Pet Policy

  • Dogs and Cats Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,622

Year Built

Built in 1910

Lot Details

0

HOA Fees

$349 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: Condo
  • Ownership: Condo
  • New Construction: No
  • Property Sub-Type: Condo
  • Year Built: 1910
  • Age: 100+ Years
  • 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: 1
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 3

Interior Features

  • Appliances: Range, Dishwasher, Refrigerator, Washer, Dryer, Stainless Steel Appliance(s)
  • Basement: None
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplace Features: Gas Starter
  • Fireplaces: 1
  • Interior Amenities: Hardwood Floors, Laundry Hook-Up in Unit
  • LivingArea: 1000
  • Room Type: Deck, Storage
  • Stories Total: 3
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: Slab
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Combined w/ LivRm
  • Total Sq Ft: 0
  • Fireplace Location: Living Room
  • Total Sq Ft: 0
  • ResoLivingAreaSource: Estimated

Exterior Features

  • ExteriorFeatures: Deck, End Unit
  • List Price: 340000
  • Lot Features: Corner Lot, Fenced Yard
  • Waterfront: No
  • Exterior Building Type: Brick,Glass

Garage/Parking

  • Garage Spaces: 1
  • Number of Cars: 1
  • Garage Details: Garage Door Opener(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

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

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK
  • Association Fee: 349
  • Association Amenities: Bike Room/Bike Trails, Storage, Security Door Lock(s)
  • Association Fee Frequency: Monthly
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: Westward 360
  • Management Contact Name: Erica Mitchell
  • Management Phone: 773-572-0880
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Water, Parking, Insurance, Exterior Maintenance, Lawn Care, Scavenger

Schools

  • Middle/Junior School District: 299

Lot Info

  • Additional Parcels: Yes
  • Lot Dimensions: COMMON
  • 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: 4622
  • Tax Year: 2021
  • Tax Exemptions: Homeowner

Multi Family

  • Units in Building: 18

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 25, 2023
Closed on
Oct 23, 2023
Sold by
Alyssa F Rust Trust
Bought by
Faletti John and Shields Renee
Seller's Agent
Dee Thompson
Berkshire Hathaway HomeServices Chicago
Buyer's Agent
Tawnya McVicker
Keller Williams ONEChicago
List Price
$340,000
Sold Price
$342,000
Premium/Discount to List
$2,000
0.59%
Views
110
Current Estimated Value
$368,445

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$26,445
Avg. Annual Appreciation
5.02%
Original Mortgage
$324,900
Interest Rate
7.38%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 12, 2020
Sold by
Rust Alyssa F
Bought by
Rust Alyssa F and Alyssa F Rust Trust

Purchase Details

Listed on
May 4, 2020
Closed on
Jun 23, 2020
Sold by
Palmer Kelly
Bought by
Rust Alyssa
Seller's Agent
Dave Auffarth
Keller Williams ONEChicago
Buyer's Agent
Jennifer Hosey
@properties Christie's International Real Estate
List Price
$240,000
Sold Price
$240,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.93%
Original Mortgage
$110,000
Interest Rate
3.25%

Purchase Details

Closed on
May 13, 2009
Sold by
Cole Jason E and Cole Cynthia
Bought by
Palmer Kelly

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$215,277
Interest Rate
4.84%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 11, 2005
Sold by
Fulton Benjamin and Fulton Jill
Bought by
Cole Jason E and Cole Cynthia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$214,000
Interest Rate
5.25%
Mortgage Type
Unknown

Purchase Details

Closed on
Dec 24, 2001
Sold by
Wright William A and Tubbs Aaron R
Bought by
Fulton Benjamin and Noel Jill

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$162,000
Interest Rate
7.26%
Mortgage Type
Balloon
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
Faletti John $342,000 Proper Title
Rust Alyssa F -- None Available
Rust Alyssa $240,000 Chicago Title
Palmer Kelly $232,500 None Available
Cole Jason E $267,500 Multiple
Fulton Benjamin $202,500 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Faletti John $322,358
Closed Faletti John $324,900
Previous Owner Rust Alyssa $110,000
Previous Owner Palmer Kelly $216,875
Previous Owner Palmer Kelly $215,277
Previous Owner Cole Jason E $214,000
Previous Owner Fulton Benjamin $193,400
Previous Owner Fulton Benjamin $162,000
Previous Owner Rubbs Aaron $122,900
Previous Owner Rubbs Arron R $122,900
Closed Fulton Benjamin $30,375
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/31/2023 10/31/23 Sold $342,000 +0.6% $342 / Sq Ft
09/30/2023 09/30/23 Pending -- -- --
09/25/2023 09/25/23 For Sale $340,000 +41.7% $340 / Sq Ft
07/01/2020 07/01/20 Sold $240,000 0.0% $240 / Sq Ft
05/06/2020 05/06/20 Pending -- -- --
05/04/2020 05/04/20 For Sale $240,000 -- $240 / 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 $4,698 $29,930 $7,469 $22,461
2023 $4,559 $25,585 $6,016 $19,569
2022 $4,559 $25,585 $6,016 $19,569
2021 $4,475 $25,584 $6,015 $19,569
2020 $3,644 $19,461 $4,611 $14,850
2019 $3,662 $21,655 $4,611 $17,044
2018 $3,599 $21,655 $4,611 $17,044
2017 $2,540 $15,173 $4,010 $11,163
2016 $2,539 $15,173 $4,010 $11,163
2015 $2,300 $15,173 $4,010 $11,163
2014 $3,172 $19,662 $3,057 $16,605
2013 $3,098 $19,662 $3,057 $16,605
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11889480

Midwest Real Estate Data (MRED)

APN: 14-17-111-028-1016