NOT LISTED FOR SALE

505 W Melrose St Unit 207 Chicago, IL 60657

Lakeview East Neighborhood

Estimated Value: $209,661 - $230,000

1 Bed
1 Bath
-- Sq Ft
$202/mo HOA Fee

Last Sold July 28, 2021

Last sale price $174,999

Est. 28% increase in value since last sale

Current estimated payment $1,623/month

Highlights

  • Lock-and-Leave Community
  • Elevator
  • Resident Manager or Management On Site
  • Nettelhorst Elementary School Rated A-
  • 1 Car Attached Garage
  • Heating System Uses Steam

About This Home

As of July 2021

LOCATION! LAYOUT! OWNER OCCUPANT OR INVESTOR/AIRBNB FRIENDLY! Swoop up this centrally located one bed / one bath condo in the heart of Lakeview. Move right in or rent quickly with a charming residence with hardwood floors and fresh paint. Low monthly assessments and no rental cap. Easy access to garage parking (included in price). Building amenities include bike room, card operated laundry on-site, and storage. Steps from grocery stores, public transit / express buses, entertainment, shopping, and nightlife. Some photos virtually staged by Roomhance. Schedule a showing now.

Last Agent to Sell the Property

An-An Ku

Urban Living Properties, LLC License #475161826 Listed on: 06/24/2021

Last Buyer's Agent

Mark Watkins

Baird & Warner License #475138958

Baird & Warner

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,051

Year Built

  • Built in 1964

Lot Details

  • 10,542

HOA Fees

  • $202 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Parking Included in Price

Home Design

  • Brick Exterior Construction

Kitchen

  • Gas Cooktop
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Potential Bedroom
  • 1 Full Bathroom

Utilities

  • Two Cooling Systems Mounted To A Wall/Window
  • Heating System Uses Steam
  • Heating System Uses Natural Gas
  • Radiant Heating System
  • Lake Michigan Water

Community Details

Overview

  • Association fees include heat, water, gas, parking, insurance, exterior maintenance, lawn care, scavenger, snow removal
  • 41 Units
  • Lidia Schahczinski Association, Phone Number (847) 324-8986
  • Mid-Rise Condominium
  • Property managed by Cagan Management Group, Inc
  • Lock-and-Leave Community
  • 5-Story Property

Amenities

  • Coin Laundry
  • Elevator
  • Community Storage Space

Recreation

  • Bike Trail

Pet Policy

  • No Pets Allowed

Security

  • Resident Manager or Management On Site

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,051

Year Built

Built in 1964

Lot Details

0

HOA Fees

$202 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: Condo,Mid Rise (4-6 Stories)
  • Ownership: Condo
  • New Construction: No
  • Property Sub-Type: Condo,Mid Rise (4-6 Stories)
  • Year Built: 1964
  • Age: 51-60 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: 2
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 5

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Gas Cooktop
  • Basement: None
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 1
  • Room Type: No additional rooms
  • Stories Total: 5
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: None
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 0

Exterior Features

  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 1
  • Number of Cars: 1
  • Garage On-Site: Yes
  • Garage Type: Attached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Cooling: 2 (Window/Wall Unit)
  • Electric: Circuit Breakers
  • Heating: Natural Gas, Steam, Radiant
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Pets Allowed: No
  • Association Fee: 202
  • Association Amenities: Bike Room/Bike Trails, Coin Laundry, Elevator(s), Storage, Security Door Lock(s)
  • Association Fee Frequency: Monthly
  • Management: Manager Off-site
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: Cagan Management Group, Inc
  • Management Contact Name: Lidia Schahczinski
  • Management Phone: 847-324-8986

Fee Information

  • Association Fee Includes: Heat, Water, Gas, Parking, Insurance, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: COMMON
  • Rural (Y/N): N
  • Special Assessments: N

Rental Info

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

Tax Info

  • Tax Annual Amount: 2051.29
  • Tax Year: 2019
  • Tax Exemptions: None

Multi Family

  • Units in Building: 41

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 27, 2023
Sold by
Chew Kean
Bought by
Langdon Melrose Llc
Current Estimated Value
$223,165

Purchase Details

Listed on
Jun 24, 2021
Closed on
Jul 22, 2021
Sold by
Duboux Dennis V and Wisconsin Hartland
Bought by
Chew Kean
Seller's Agent
An-An Ku
Urban Living Properties, LLC
Buyer's Agent
Mark Watkins
Baird & Warner
List Price
$174,999
Sold Price
$174,999

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.89%

Purchase Details

Closed on
Aug 27, 2002
Sold by
Duboux Dennis V and Duboux Patricia J
Bought by
Duboux Dennis V and Duboux Patricia J
Source: Public Records

Range of Values:

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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

Date Buyer Sale Price Title Company
Langdon Melrose Llc $197,500 None Listed On Document
Chew Kean $175,000 Stewart Title
Duboux Dennis V -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/28/2021 07/28/21 Sold $174,999 0.0% --
06/25/2021 06/25/21 Pending -- -- --
06/24/2021 06/24/21 For Sale $174,999 0.0% --
01/06/2020 01/06/20 Rented $1,400 0.0% --
01/03/2020 01/03/20 Under Contract -- -- --
12/19/2019 12/19/19 For Rent $1,400 0.0% --
12/17/2017 12/17/17 Rented $1,400 0.0% --
10/30/2017 10/30/17 For Rent $1,400 +12.0% --
12/01/2016 12/01/16 Rented $1,250 0.0% --
11/10/2016 11/10/16 Rented $1,250 0.0% --
10/27/2016 10/27/16 Price Changed $1,250 -13.8% --
10/08/2016 10/08/16 For Rent $1,450 -- --
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 $3,017 $19,988 $3,501 $16,487
2023 $2,941 $14,300 $2,824 $11,476
2022 $2,941 $14,300 $2,824 $11,476
2021 $2,875 $14,299 $2,823 $11,476
2020 $2,077 $9,322 $1,863 $7,459
2019 $2,051 $10,210 $1,863 $8,347
2018 $2,017 $10,210 $1,863 $8,347
2017 $1,912 $8,882 $1,637 $7,245
2016 $1,779 $8,882 $1,637 $7,245
2015 $1,628 $8,882 $1,637 $7,245
2014 $1,972 $10,631 $1,341 $9,290
2013 $1,934 $10,631 $1,341 $9,290
Source: Public Records

Agents Affiliated with this Home

  • An-An Ku

    Seller's Agent in 2021

    An-An Ku

    Urban Living Properties, LLC

    (630) 715-7392

    3 in this area

    113 Total Sales

    An-An Ku
    Section Image
  • Mark Watkins

    Buyer's Agent in 2021

    Mark Watkins

    Baird & Warner

    (773) 419-4182

    2 in this area

    49 Total Sales

    Mark Watkins
    Section Image
  • Karen Schmidt

    Seller's Agent in 2020

    Karen Schmidt

    Coldwell Banker Realty

    (815) 735-0586

    2 Total Sales

    Karen Schmidt
    Section Image

  • P

    Buyer's Agent in 2020

    Paulius Smulkys

    Coldwell Banker Realty

    (773) 435-5605

    Paulius Smulkys
    Section Image
  • Karla Ball

    Buyer's Agent in 2017

    Karla Ball

    RE/MAX

    (312) 498-6067

    10 Total Sales

    Karla Ball
    Section Image
  • John Scarpa

    Buyer's Agent in 2016

    John Scarpa

    RE/MAX

    (312) 685-2354

    1 in this area

    35 Total Sales

    John Scarpa
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11133996

Midwest Real Estate Data (MRED)

APN: 14-21-314-055-1008

Illinois Cook County Chicago 60657 Lakeview East

505 W Melrose St Unit 207, Chicago, IL

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