NOT LISTED FOR SALE

4840 S Dorchester Ave Unit 2 Chicago, IL 60615

Kenwood Neighborhood

Estimated Value: $842,000 - $926,000

4 Beds
3.5 Baths
-- Sq Ft
$250/mo HOA Fee

Last Sold December 11, 2023

Last sale price $999,999

Est. 12% decrease in value since last sale

Current estimated payment $5,950/month

2 Days on Market

Highlights

  • Open Floorplan
  • Deck
  • 4 Car Attached Garage
  • Kenwood Academy High School Rated A-
  • Wood Flooring
  • 3-minute walk to Kenwood Community Park

About This Home

As of December 2023

The Dorchester Collection is a newly-constructed elegant gated townhome development located in the prestigious Hyde Park/Kenwood neighborhood. A courtyard, a communal garden, and a landscape front yard support a total of 13 townhouses. This 5 bedroom, 3.5 bath townhome is a dream for anyone looking for something a little extra from their home. The one-of-the-kind 3-story luxury residence offers exceptional character and gorgeous architectural details with multiple components repurposed from the historic space. This stunning facade is restored, a 1904 church designed by nationally famed architect Solo Spencer Beman. The main level is an open-concept chef's kitchen featuring custom two-tone cabinetry, a quartz countertop/backsplash, and a Bosch appliance package. There is still an opportunity for the buyer to select finishes. The primary suite, located on the top floor, includes 2 walk-in closets and an en-suite bathroom highlighting a stunning white marble shower and a separate soaking tub. The second floor features 3 spacious bedrooms and two full bathrooms. All bathrooms feature porcelain tiles, custom cabinetry, quartz countertops, and Hans Grohe plumbing fixtures. The unit has an attached, heated, above-ground, oversized garage that fits 2 cars. This University of Chicago community is ideally located just 10 minutes from downtown and a short distance to grocery stores, nightlife, distinctive restaurants, and cafes on 53rd street. Access to the lake and museums, and immediately next to the tennis court, Kenwood Park, and Kenwood public library, make this townhouse development a must-see. *Photos may be of a similar unit*

Last Agent to Sell the Property

Ben Lalez

Compass License #475124644 Listed on: 11/03/2023

Compass

Last Buyer's Agent

Ben Lalez

Compass License #475124644 Listed on: 11/03/2023

Compass

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $64,696

Year Built

  • Built in 2022

Lot Details

  • Lot Dimensions are 121 x201

HOA Fees

  • $250 Monthly HOA Fees

Parking

  • 4 Car Attached Garage
  • Garage Door Opener
  • Driveway
  • Parking Included in Price

Home Design

  • Rubber Roof
  • Concrete Perimeter Foundation
  • Limestone

Interior Spaces

  • 3-Story Property
  • Open Floorplan
  • Built-In Features
  • Ceiling height of 10 feet or more
  • Combination Dining and Living Room
  • Storage
  • Wood Flooring

Kitchen

  • Built-In Oven
  • Cooktop with Range Hood
  • Microwave
  • High End Refrigerator
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • Walk-In Closet
  • No Tub in Bathroom
  • Separate Shower

Laundry

  • Laundry on upper level
  • Dryer
  • Washer

Outdoor Features

  • Deck
  • Patio

Schools

  • Shoesmith Elementary School
  • Ray Elementary Middle School
  • Kenwood Academy High School

Utilities

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

Community Details

Overview

  • Association fees include water, insurance, lawn care, scavenger, snow removal
  • 13 Units
  • Developer Association
  • Property managed by Developer

Amenities

  • Community Storage Space

Recreation

  • Park

Pet Policy

  • Dogs and Cats Allowed

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$64,696

Year Built

Built in 2022

Lot Details

0

HOA Fees

$250 per month

Parking

4

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: T3-Townhouse 3+ Stories
  • Ownership: Fee Simple w/ HO Assn.
  • New Construction: No
  • Property Sub-Type: T3-Townhouse 3+ Stories
  • Year Built: 2022
  • Age: 1-5 Years
  • Built Before 1978 (Y/N): No
  • Disability Access and/or Equipped: No
  • General Information: School Bus Service,Commuter Bus,Commuter Train,Historical District
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Unit Floor Level: 1
  • ResoPropertyType: Residential
  • Special Features: NewHome
  • Property Sub Type: Townhouses
  • Stories: 3

Interior Features

  • Appliances: Range, Microwave, Dishwasher, High End Refrigerator, Washer, Dryer, Disposal, Cooktop, Built-In Oven, Range Hood
  • Basement: None
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bathrooms: 4
  • Total Bedrooms: 4
  • Interior Amenities: Hardwood Floors, Second Floor Laundry, Storage, Built-in Features, Walk-In Closet(s), Ceiling - 10 Foot, Open Floorplan, Pantry
  • Room Type: Walk In Closet
  • Stories Total: 3
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: None
  • Bathroom Amenities: Separate Shower,No Tub
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Combined w/ LivRm
  • Total Sq Ft: 0
  • Total Sq Ft: 0

Exterior Features

  • ExteriorFeatures: Deck, Patio
  • Foundation Details: Concrete Perimeter
  • List Price: 999999
  • Roof: Rubber
  • Waterfront: No
  • Exterior Building Type: Limestone

Garage/Parking

  • Garage Spaces: 4
  • Number of Cars: 4
  • Driveway: Asphalt
  • Garage Details: Garage Door Opener(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Electric: Circuit Breakers
  • Heating: Natural Gas, Forced Air
  • Laundry Features: In Unit, Laundry Closet
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK
  • Association Fee: 250
  • Association Amenities: Storage, Park
  • Association Fee Frequency: Monthly
  • Management: Developer Controls
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: Developer
  • Management Contact Name: Developer
  • Management Phone: 999-999-9999
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Water, Insurance, Lawn Care, Scavenger, Snow Removal

Schools

  • Elementary School: Shoesmith Elementary School
  • High School: Kenwood Academy High School
  • Middle/Junior School: Ray Elementary School
  • Middle/Junior School District: 299

Lot Info

  • Lot Dimensions: 121 X201
  • Rural (Y/N): N
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Pets Allowed (Y/N): Yes
  • Is Parking Included in Price: Yes
  • Max Pet Weight: 999

Tax Info

  • Tax Year: 2021
  • Tax Exemptions: None

Multi Family

  • Units in Building: 13

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 3, 2023
Closed on
Dec 5, 2023
Sold by
4840 South Dorchester Llc
Bought by
Zhendong Liu Family Trust and Liu
Seller's Agent
Ben Lalez
Compass
Buyer's Agent
Ben Lalez
Compass
List Price
$999,999
Sold Price
$999,999
Views
12
Current Estimated Value
$884,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$115,999
Avg. Annual Appreciation
-7.10%
Original Mortgage
$700,000
Interest Rate
6.13%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 3, 2023
Closed on
Oct 20, 2023
Sold by
4840 South Dorchester Llc
Bought by
Venugopal Living Trust and Venugopal
Seller's Agent
Ben Lalez
Compass
Buyer's Agent
Ben Lalez
Compass
List Price
$999,999
Sold Price
$999,999
Views
12

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$699,999
Interest Rate
6.88%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 28, 2023
Sold by
4840 S Dorchester Llc
Bought by
Dowzicky Phillip M and Stubbs Vanessa C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$874,000
Interest Rate
6.71%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 20, 2023
Sold by
4840 South Dorchester Llc
Bought by
Kim David and Zyung Hannah

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
5.38%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 7, 2014
Sold by
Hp Dorchester Llc
Bought by
4840 South Dorchester Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$487,500
Interest Rate
4.29%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
May 5, 2007
Sold by
4840 S Dorchester Llc
Bought by
Hp Dorchester Llc

Purchase Details

Closed on
Jun 2, 2005
Sold by
Smith Charles A
Bought by
4840 S Dorchester Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
6%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 3, 2002
Sold by
Shiloh Missionary Baptist Church
Bought by
Smith Charles A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$328,000
Interest Rate
4.25%
Mortgage Type
Commercial
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
Zhendong Liu Family Trust $1,000,000 Chicago Title
Venugopal Living Trust $920,000 Chicago Title
Dowzicky Phillip M $920,000 Chicago Title
Kim David $865,000 Chicago Title
4840 South Dorchester Llc $650,000 Ctcc
Hp Dorchester Llc $1,050,000 First American Title
4840 S Dorchester Llc $400,000 Chicago Title Insurance Comp
Smith Charles A -- 1St American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dowzicky Phillip M $540,000
Closed Zhendong Liu Family Trust $80,000
Closed Zhendong Liu Family Trust $700,000
Closed Zhendong Liu Family Trust $699,999
Previous Owner Venugopal Living Trust $827,908
Previous Owner Dowzicky Phillip M $874,000
Previous Owner Kim David $320,000
Previous Owner 4840 South Dorchester Llc $1,295,000
Previous Owner 4840 South Dorchester Llc $487,500
Previous Owner Hp Dorchester Llc $829,000
Previous Owner 4840 S Dorchester Llc $500,000
Previous Owner 4840 S Dorchester Llc $400,000
Previous Owner Smith Charles A $30,000
Previous Owner Smith Charles A $328,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/11/2023 12/11/23 Sold $999,999 0.0% --
11/06/2023 11/06/23 Pending -- -- --
11/05/2023 11/05/23 For Sale $999,999 0.0% --
11/05/2023 11/05/23 Off Market $999,999 -- --
11/03/2023 11/03/23 For Sale $999,999 -- --
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 $64,696 $95,000 $5,499 $89,501
2023 $64,696 $339,788 $120,990 $218,798
2022 $64,696 $314,542 $120,990 $193,552
2021 $29,778 $148,082 $120,990 $27,092
2020 $24,799 $111,323 $54,445 $56,878
2019 $16,652 $82,884 $54,445 $28,439
2018 $16,372 $82,884 $54,445 $28,439
2017 $15,817 $73,476 $45,371 $28,105
2016 $14,716 $73,476 $45,371 $28,105
2015 $13,464 $73,476 $45,371 $28,105
2014 $13,633 $73,476 $45,371 $28,105
2013 $11,094 $61,000 $45,371 $15,629
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11921646

Midwest Real Estate Data (MRED)

APN: 20-11-205-021-0000