NOT LISTED FOR SALE

502 W Armitage Ave Unit 1 Chicago, IL 60614

Lincoln Park Neighborhood

Estimated Value: $647,000 - $795,000

3 Beds
2 Baths
1,815 Sq Ft
$367/mo HOA Fee

Last Sold August 30, 2021

Last sale price $540,000 $298 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $4,791/month

3 Days on Market

Highlights

  • Deck
  • Wood Flooring
  • Stainless Steel Appliances
  • Abraham Lincoln Elementary School Rated A-
  • Main Floor Bedroom
  • 3-minute walk to Bauler Park

About This Home

As of August 2021

Wonderfully large three bedroom duplex that is walking distance to everything East Lincoln Park has to offer! Flooded with natural light, this total renovation offers nearly 12' ceilings and new south facing large windows. This home truly feels grand. The living and dining rooms offer great space with an open, lofty feel. The all white kitchen has a large butcher block island with bar seating, all newer stainless-steel appliances, ample storage, as well as an atrium window for plants. A spacious primary bedroom can be found on this level with ample closet space and access to a fabulous private deck. An additional bedroom can also be found on this level, as well as a full all white bath with a new marble countertop. The lower level offers amazing space for play, exercise and more, featuring a huge family room, as well as a third bedroom filled with natural light and an updated bathroom. Within walking distance to all that Lincoln Park and Old Town have to offer, within Lincoln Schools and close to Oz Park!

Last Agent to Sell the Property

Emily Sachs Wong

@properties Christie's International Real Estate License #475104005 Listed on: 07/26/2021

@properties Christie's International Real Estate

Last Buyer's Agent

Ryan Blake

Nara Advisors, Inc License #471021920

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $7,456

Year Built

  • Built in 1892

Lot Details

  • 9,714

HOA Fees

  • $367 Monthly HOA Fees

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 1,815 Sq Ft Home
  • 4-Story Property
  • Combination Dining and Living Room
  • Storage
  • Wood Flooring

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms
  • Main Floor Bedroom
  • Bathroom on Main Level
  • 2 Full Bathrooms

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Finished Basement

  • English Basement
  • Basement Fills Entire Space Under The House
  • Finished Basement Bathroom

Outdoor Features

  • Deck

Schools

  • Lincoln Elementary School
  • Lincoln Park High School

Utilities

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

Listing and Financial Details

  • Homeowner Tax Exemptions

Community Details

Overview

  • Association fees include water, insurance, exterior maintenance, scavenger, snow removal
  • 20 Units
  • Property managed by Triview Properties

Amenities

  • Common Area
  • Community Storage Space

Recreation

  • Bike Trail

Pet Policy

  • Dogs and Cats Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$7,456

Year Built

Built in 1892

Lot Details

0

HOA Fees

$367 per month

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: Condo-Duplex
  • Ownership: Condo
  • New Construction: No
  • Property Sub-Type: Condo-Duplex
  • Year Built: 1892
  • 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
  • New Construction Y/N: No
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 4

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Stainless Steel Appliance(s)
  • Basement: Full, English
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 3
  • Interior Amenities: Hardwood Floors, 1st Floor Bedroom, 1st Floor Laundry, 1st Floor Full Bath, Laundry Hook-Up in Unit, Storage
  • LivingArea: 1815
  • Room Type: Deck
  • Stories Total: 4
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: Finished
  • Basement Bathrooms: Yes
  • Below Grade Bedrooms: 0
  • Dining Room: Combined w/ LivRm
  • Total Sq Ft: 0
  • Total Sq Ft: 0
  • Bedroom 2 Flooring: Carpet
  • Dining Room Flooring: Hardwood
  • Kitchen Flooring: Hardwood
  • Kitchen: Eating Area-Breakfast Bar,Island
  • Living Room Flooring: Hardwood
  • MRD_MBB: Full
  • Master Bedroom Flooring: Hardwood
  • Master Bedroom Dimensions: 15X12
  • Bedroom 3 Flooring: Carpet
  • Laundry Flooring: Hardwood
  • Family Room Flooring: Carpet

Exterior Features

  • ExteriorFeatures: Deck
  • List Price: 550000
  • Lot Features: Common Grounds
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Number of Cars: 0
  • Parking: None

Utilities

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

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK
  • Association Fee: 367
  • Association Amenities: Bike Room/Bike Trails, Storage
  • Association Fee Frequency: Monthly
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: Triview Properties
  • Management Contact Name: NONE
  • Management Phone: 999-999-9999

Fee Information

  • Association Fee Includes: Water, Insurance, Exterior Maintenance, Scavenger, Snow Removal

Schools

  • Elementary School: Lincoln Elementary School
  • High School: Lincoln Park High School
  • Middle/Junior School: Lincoln Elementary School
  • Middle/Junior School District: 299

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: COMMON
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Pets Allowed (Y/N): Yes
  • Is Parking Included in Price: No
  • Max Pet Weight: 999

Tax Info

  • Tax Annual Amount: 7456.08
  • Tax Year: 2019
  • Tax Exemptions: Homeowner

Multi Family

  • Units in Building: 20

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 26, 2021
Closed on
Aug 30, 2021
Sold by
Petratos Nickie A
Bought by
Gill Neil F and Gill Susanne N
Seller's Agent
Emily Sachs Wong
@properties Christie's International Real Estate
Buyer's Agent
Ryan Blake
Nara Advisors, Inc
List Price
$550,000
Sold Price
$540,000
Premium/Discount to List
-$10,000
-1.82%
Current Estimated Value
$704,067

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$164,067
Avg. Annual Appreciation
6.60%
Original Mortgage
$486,000
Outstanding Balance
$442,682
Interest Rate
2.87%
Mortgage Type
New Conventional
Estimated Equity
$261,385
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
Gill Neil F $540,000 Stewart Title Guaranty Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gill Neil F $486,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/30/2021 08/30/21 Sold $540,000 -1.8% $298 / Sq Ft
07/30/2021 07/30/21 Pending -- -- --
07/26/2021 07/26/21 For Sale $550,000 -- $303 / 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 $8,439 $47,318 $7,386 $39,932
2023 $8,227 $40,001 $5,957 $34,044
2022 $8,227 $40,001 $5,957 $34,044
2021 $8,043 $39,999 $5,956 $34,043
2020 $7,612 $34,169 $5,241 $28,928
2019 $7,456 $37,111 $5,241 $31,870
2018 $7,331 $37,111 $5,241 $31,870
2017 $7,012 $32,571 $4,288 $28,283
2016 $6,524 $32,571 $4,288 $28,283
2015 $5,969 $32,571 $4,288 $28,283
2014 $5,283 $31,041 $3,216 $27,825
2013 $5,167 $31,041 $3,216 $27,825
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11093233

Midwest Real Estate Data (MRED)

APN: 14-33-130-070-1021