NOT LISTED FOR SALE

505 W Melrose St Unit 503 Chicago, IL 60657

Lakeview East Neighborhood

Estimated Value: $191,000 - $235,000

1 Bed
1 Bath
-- Sq Ft
10,542 Sq Ft Lot

Highlights

  • L-Shaped Dining Room
  • Galley Kitchen
  • Property is near a bus stop
  • Nettelhorst Elementary School Rated A-
  • Attached Garage
  • Baseboard Heating

About This Home

As of April 2021

Spacious and nice one bedroom in the heart of Lakeview. Close to restaurants, shops, grocery stores and transportation. Plenty of closet space, heat- water- sewage & trash all included In the rent. Great deal! TOP FLOOR WITH A TON OF SUN

Last Agent to Rent the Property

Mitch Oppenheim

Coldwell Banker License #475136415 Listed on: 10/23/2020

Coldwell Banker

Last Renter's Agent

Mitch Oppenheim

Coldwell Banker License #475136415 Listed on: 10/23/2020

Coldwell Banker

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,291

Year Built

  • 1973

Lot Details

  • 10,542

Parking

  • Attached Garage
  • Garage Door Opener
  • Driveway
  • Parking Included in Price
  • Garage Is Owned

Home Design

  • Brick Exterior Construction

Interior Spaces

  • L-Shaped Dining Room
  • Galley Kitchen

Utilities

  • Two Cooling Systems Mounted To A Wall/Window
  • Baseboard Heating
  • Hot Water Heating System
  • Lake Michigan Water

Additional Features

  • Southern Exposure
  • Property is near a bus stop

Community Details

  • Pets Allowed

Condo Details

Home Type

Condominium

Est. Annual Taxes

$3,291

Year Built

1973

Lot Details

0

Parking

1

Rental Info

  • Available: 02/04/2021
  • Lease Terms: 1 Year Lease
  • Monthly Lot Rental Included: Cooking Gas, Heat, Scavenger, Storage Lockers, Air Conditioning
  • Security Deposit: 1350

Listing Details

  • Property Type: Residential Rental
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service, Commuter Bus, Commuter Train, Non-Smoking Unit
  • Unit Floor Level: 2
  • Age: 41-50 Years
  • Full Bathrooms: 1
  • Total Full or Half Bathrooms: 1
  • Estimated Year Built: 1973
  • Type Attached: Condo
  • Type Of Rental Property: Attached
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 2
  • Year Built: 1973

Interior Features

  • Interior Property Features: Elevator
  • Number Of Rooms: 4
  • Bedrooms All Levels: 1
  • Master Bedroom Level: Main Level
  • Master Bedroom Size: 12X12
  • Above Grade Bedrooms: 1
  • Living Room Level: Main Level
  • Living Room Size: 18X10
  • Living Room Flooring: Carpet
  • Dining Room: L-shaped
  • Dining Room Level: Main Level
  • Dining Room Size: 08X07
  • Dining Room Flooring: Carpet
  • Kitchen Type: Galley
  • Kitchen Level: Main Level
  • Kitchen Size: 06X10
  • Additional Rooms: No additional rooms

Exterior Features

  • Exterior Building Type: Brick
  • Exposure: S (South)

Garage/Parking

  • Number of Cars: 1
  • Parking: Garage
  • Garage Type: Attached
  • Garage Details: Garage Door Opener(s)
  • Garage On Site: Yes
  • Number Garage Spaces: 1
  • Driveway: Asphalt
  • Parking Included In Price: Yes
  • Garage Ownership: Owned

Utilities

  • Air Conditioner: 2 (Window/Wall Unit)
  • Water: Lake Michigan
  • Sewer: Sewer-Public
  • Heating Fuel: Hot Water/Steam, Baseboard

Condo/Co-op/Association

  • Pets Allowed: Yes
  • Management: Manager Off-site
  • Pet Information: Cats OK, Deposit Required
  • Common Area Amenities: Bike Room/Bike Trails

Schools

  • Junior High Dist: 299

Lot Info

  • Lot Dimensions: COMMON

Multi Family

  • Total Number Unitsin Building: 41
  • Number Stories: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 2, 2023
Sold by
Hosu Tiberiu and Hosu Convalaria
Bought by
Langdon Melrose Llc
Current Estimated Value
$221,805

Purchase Details

Closed on
Oct 27, 1997
Sold by
Proctor Clyde E G
Bought by
Hosu Convalaria and Hosu Tiberiu

Purchase Details

Closed on
Dec 15, 1995
Sold by
Proctor Clyde E G
Bought by
Proctor Clyde E G and Clyde E G Proctor Trust
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
Langdon Melrose Llc $212,500 None Listed On Document
Hosu Convalaria $37,333 --
Proctor Clyde E G -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/10/2021 04/10/21 Rented $1,200 -2.0% --
01/22/2021 01/22/21 Price Changed $1,225 -2.0% --
11/20/2020 11/20/20 Price Changed $1,250 -7.4% --
10/23/2020 10/23/20 For Rent $1,350 -- --
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 $3,291 $21,492 $3,765 $17,727
2023 $3,208 $15,600 $3,036 $12,564
2022 $3,208 $15,600 $3,036 $12,564
2021 $3,137 $15,599 $3,036 $12,563
2020 $2,233 $10,023 $2,003 $8,020
2019 $2,206 $10,978 $2,003 $8,975
2018 $2,169 $10,978 $2,003 $8,975
2017 $2,056 $9,550 $1,760 $7,790
2016 $1,913 $9,550 $1,760 $7,790
2015 $1,750 $9,550 $1,760 $7,790
2014 $2,121 $11,432 $1,442 $9,990
2013 $2,079 $11,432 $1,442 $9,990
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10915350

Midwest Real Estate Data (MRED)

APN: 14-21-314-055-1034