NOT LISTED FOR SALE

501 N Wells St Unit 1E Chicago, IL 60654

River North Neighborhood

Estimated Value: $464,000 - $640,000

2 Beds
2 Baths
1,500 Sq Ft
9,148 Sq Ft Lot Lot

Sale Details

Date Sold: June 22, 2018

Last sale price $400,000 $267 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $3,623 / mo

Highlights

  • Wood Flooring
  • 3-minute walk to Merchandise Mart Station
  • Patio
  • Corner Lot
  • Intercom
  • Resident Manager or Management On Site

About This Home

As of July 2024

Come check out this two bed/ two bath condo in River North! This updated unit features quartz kitchen countertops, a dishwasher, + a stainless steel double sink. The living/Dining room includes a fireplace that opens to a rooftop patio. The front bedroom has an ensuite bathroom with a walk-in shower. The back bedroom has additional storage above the closet. The second bathroom features dual sinks and a tub shower combo. This unit also boasts in-unit laundry and central air. This home boasts a walk score of 97 and is just blocks from the Merchandise Mart CTA EL Stop for quick access to the Brown & Purple lines and stops for the 37 & 125, and 65 bus lines are just outside your door! Enjoy quick access to numerous grocery stores, pharmacies, and dry cleaners to make daily errands a breeze. This location is also near some of River North's best restaurants and entertainment, including Bavette's, Kinzie ChopHouse, and Chicago Cut.

Last Agent to Rent the Property

Andrew Conklin

Fulton Grace Realty License #475187041 Listed on: 07/03/2024

Fulton Grace Realty

Last Renter's Agent

Jamie Klein

@properties Christie's International Real Estate License #475194561

@properties Christie's International Real Estate

Condo Details

Home Type

  • Condominium

Year Built | Renovated

  • 1907 | 2019

Lot Details

  • 9,148

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 1,500 Sq Ft Home
  • 3-Story Property
  • Ceiling Fan
  • Wood Burning Fireplace
  • Gas Log Fireplace
  • Entrance Foyer
  • Living Room with Fireplace
  • Combination Dining and Living Room
  • Wood Flooring

Kitchen

  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms
  • 2 Full Bathrooms
  • Dual Sinks

Laundry

  • Laundry in unit
  • Washer and Dryer Hookup

Home Security

  • Home Security System
  • Intercom

Outdoor Features

  • Patio

Utilities

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

Listing and Financial Details

  • Property Available on 8/1/24
  • Rent includes water, scavenger, exterior maintenance, lawn care

Community Details

Overview

  • 12 Units
  • Low-Rise Community

Amenities

  • Community Storage Space

Pet Policy

  • No Pets Allowed

Security

  • Resident Manager or Management On Site
  • Carbon Monoxide Detectors

Condo Details

Home Type

Condominium

Year Built | Renovated

1907 | 2019

Lot Details

9,148 Sq Ft Lot

Rental Info

  • Available Date: 2024-08-01
  • Board Approval: No
  • Board Number: 8
  • Pets Allowed (Y/N): No
  • Type of Rental Property: Attached
  • Rental Price: 3200
  • Fees/Approvals: Credit Report,Move-in Fee

Listing Details

  • Property Type: Residential Lease
  • Property Type: Residential Lease
  • Type Attached: Condo,Low Rise (1-3 Stories)
  • Property Sub-Type: Attached
  • Age: 81-90 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: Commuter Bus,Commuter Train,Non-Smoking Unit
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Unit Floor Level: 1
  • Rehab Year: 2019
  • Actual Status: Rented
  • ResoPropertyType: ResidentialLease
  • SomePhotosVirtuallyStaged: No
  • MonthToMonthYN: No
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 3
  • Year Built: 1907
  • Year Renovated: 2019

Interior Features

  • Appliances: Range, Dishwasher, Refrigerator, Microwave
  • Basement: None
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplace Features: Wood Burning, Gas Log
  • Fireplaces: 1
  • Furnished: No
  • Interior Amenities: Hardwood Floors, Laundry Hook-Up in Unit
  • LivingArea: 1500
  • Other Equipment: Security System, Intercom, CO Detectors, Ceiling Fan(s)
  • Room Type: Foyer
  • Stories Total: 3
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: None
  • Bathroom Amenities: Double Sink
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Combined w/ LivRm
  • Fireplace Location: Living Room
  • Total Sq Ft: 0

Exterior Features

  • ExteriorFeatures: Patio
  • Lot Features: Corner Lot
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Parking: None

Utilities

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

Condo/Co-op/Association

  • Pets Allowed: No
  • Association Amenities: Storage
  • Rent Includes: Water, Scavenger, Exterior Maintenance, Lawn Care
  • Management: Manager Off-site

Lot Info

  • Lot Dimensions: COMMON GROUNDS

Multi Family

  • Units in Building: 12

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 26, 2018
Closed on
Jun 22, 2018
Sold by
Bought by
Seller's Agent
Nancie Johnson
@properties Christie's International Real Estate
Buyer's Agent
Juliana Yeager
@properties Christie's International Real Estate
List Price
$440,000
Sold Price
$400,000
Premium/Discount to List
-$40,000
-9.09%
Current Estimated Value
$528,458

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$128,458
Avg. Annual Appreciation
3.57%
Original Mortgage
$360,000
Outstanding Balance
$311,145
Interest Rate
4.75%
Mortgage Type
New Conventional
Estimated Equity
$217,313
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$400,000 None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $360,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/19/2024 07/19/24 Rented $3,200 0.0% --
07/09/2024 07/09/24 Under Contract -- -- --
07/03/2024 07/03/24 For Rent $3,200 +30.6% --
02/18/2021 02/18/21 Rented $2,450 +6.5% --
02/18/2021 02/18/21 For Rent $2,300 0.0% --
02/15/2021 02/15/21 Off Market $2,300 -- --
01/28/2021 01/28/21 For Rent $2,300 0.0% --
06/22/2018 06/22/18 Sold $400,000 -4.8% $266 / Sq Ft View Prior Sale
04/27/2018 04/27/18 Pending -- -- --
04/12/2018 04/12/18 Price Changed $420,000 -4.5% $280 / Sq Ft
03/26/2018 03/26/18 For Sale $440,000 0.0% $293 / Sq Ft
06/01/2016 06/01/16 Rented $2,300 0.0% --
04/11/2016 04/11/16 For Rent $2,300 -- --
Source: Midwest Real Estate Data (MRED)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $9,283 $36,823 $10,118 $26,705
2024 $9,283 $42,228 $10,118 $32,110
2023 $9,050 $44,000 $11,241 $32,759
2022 $9,050 $44,000 $11,241 $32,759
2021 $8,848 $43,999 $11,241 $32,758
2020 $8,270 $37,122 $6,294 $30,828
2019 $8,097 $40,302 $6,294 $34,008
2018 $7,282 $40,302 $6,294 $34,008
2017 $8,236 $41,635 $5,362 $36,273
2016 $7,839 $41,635 $5,362 $36,273
2015 $7,149 $41,635 $5,362 $36,273
2014 $6,393 $37,024 $4,196 $32,828
2013 $6,256 $37,024 $4,196 $32,828
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12100774

Midwest Real Estate Data (MRED)

APN: 17-09-245-016-1006

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