5053 N Sheridan Rd Unit 1S Chicago, IL 60640
Margate Park Neighborhood
2
Beds
2
Baths
2,000
Sq Ft
$300/mo
HOA Fee
Highlights
- Whirlpool Bathtub
- Secured Garage or Parking
- Forced Air Heating and Cooling System
- Sun or Florida Room
- Laundry Room
- 4-minute walk to Buttercup Park
About This Home
As of March 2025This is your new home! Located just steps from the scenic shores of Foster Beach, this spacious 2,000 sq ft vintage home offers the perfect blend of classic charm and modern convenience. Featuring two generous bedrooms and two full bathrooms, this residence is ideal for those seeking both space and character. The third bedroom has the walls removed but they can be easily put back in. The inviting living room boasts original hardwood floors, a cozy working fireplace, and an abundance of natural light. Adjacent to the living room, the sun-soaked den offers a perfect space for a home office, reading nook, or creative retreat. The large eat-in kitchen is a chef's dream, with ample granite countertop space, stainless steel appliances, and an oversized pantry for all your storage needs. Step outside to the expansive deck, ideal for outdoor dining or relaxing in the breeze. Through charming French doors, you'll find the dining room, complete with a built-in hutch and a cozy window seat-a wonderful space for hosting dinner parties or simply unwinding. This versatile room can also be easily transformed into a family room, home office, or even a third bedroom to suit your needs. The oversized primary bedroom comes with its own en-suite bathroom, offering both privacy and comfort. Additional highlights include in-unit laundry and a secured parking space, ensuring convenience and peace of mind. Situated in the highly sought-after Margate Park neighborhood, you'll enjoy a prime location just steps from the beach, as well as easy access to local favorites like Jewel, Mariano's, and the Argyle Red Line stop. The 147 Express bus offers quick, direct access to downtown, making this the perfect location for both relaxation and urban convenience. Don't miss your chance to own this beautiful home in one of Chicago's most desirable neighborhoods!
Last Agent to Sell the Property
RE/MAX PREMIER License #475110336 Listed on: 01/14/2025
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $6,487
Year Built
- Built in 1920
HOA Fees
- $300 Monthly HOA Fees
Home Design
- Brick Exterior Construction
Interior Spaces
- 2,000 Sq Ft Home
- 3-Story Property
- Wood Burning Fireplace
- Fireplace With Gas Starter
- Family Room
- Living Room with Fireplace
- Dining Room
- Sun or Florida Room
- Carpet
Kitchen
- Range
- Microwave
- Dishwasher
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Potential Bedrooms
- 2 Full Bathrooms
- Whirlpool Bathtub
Laundry
- Laundry Room
- Dryer
- Washer
Parking
- 1 Parking Space
- Secured Garage or Parking
- Off Alley Parking
- Parking Included in Price
- Assigned Parking
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
Listing and Financial Details
- Homeowner Tax Exemptions
Community Details
Overview
- Association fees include water, parking, insurance, exterior maintenance, scavenger, snow removal
- 8 Units
- Margate Park Subdivision
Recreation
- Bike Trail
Pet Policy
- Pets up to 35 lbs
- Dogs and Cats Allowed
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 14, 2025
Closed on
Mar 21, 2025
Sold by
Howe Dionne Lynn
Bought by
Collins Rachel Michelle and Barber Matthew Evans
Seller's Agent
Michael Gerhardt
RE/MAX PREMIER
Buyer's Agent
Dave Johnson
City and Field Real Estate
List Price
$499,999
Sold Price
$500,000
Premium/Discount to List
$1
0.0%
Views
170
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$5,781
Avg. Annual Appreciation
2.65%
Original Mortgage
$420,000
Outstanding Balance
$418,258
Interest Rate
7%
Mortgage Type
New Conventional
Estimated Equity
$87,523
Purchase Details
Listed on
Oct 1, 2021
Closed on
Nov 19, 2021
Sold by
Abraham James and John M Abraham Trust
Bought by
Howe Dionne Lynn
Seller's Agent
Kimberly Egly
Baird & Warner
Buyer's Agent
Scott Fishman
Worth Clark Realty
List Price
$398,000
Sold Price
$365,000
Premium/Discount to List
-$33,000
-8.29%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.85%
Original Mortgage
$328,500
Interest Rate
3.12%
Mortgage Type
New Conventional
Purchase Details
Closed on
Mar 22, 2017
Sold by
Abraham John M
Bought by
Abraham John M and The John M Abraham Trust
Purchase Details
Closed on
Oct 4, 2016
Sold by
Abraham James Edward
Bought by
Abraham John
Purchase Details
Closed on
Sep 14, 2016
Sold by
Downs Ana Maria
Bought by
Abraham James
Purchase Details
Closed on
Jan 21, 2005
Sold by
Belorusskiy Gene and Poznyakovsky Julia
Bought by
Downs Ana Maria L and Abraham James Edward
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$145,000
Interest Rate
5.83%
Mortgage Type
Unknown
Purchase Details
Closed on
May 10, 2001
Sold by
Dionisio Milagros C
Bought by
Belorusskiy Yevgeniy and Poznyakovsky Julia
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$213,600
Interest Rate
7.07%
Purchase Details
Closed on
Oct 20, 1998
Sold by
Meyer Michael and Meyer Jeannette
Bought by
Dionisio Milagros C
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,750
Interest Rate
6.79%
Purchase Details
Closed on
Feb 9, 1995
Sold by
Brenne Mary Jane
Bought by
Meyer Michael and Meyer Jeanette
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
9.21%
Similar Homes in Chicago, IL
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $500,000 | Chicago Title | |
| Deed | $365,000 | Fidelity National Title | |
| Interfamily Deed Transfer | -- | Attorney | |
| Warranty Deed | $305,000 | Fidelity National Title | |
| Quit Claim Deed | -- | Fidelity National Title | |
| Warranty Deed | $290,000 | Multiple | |
| Warranty Deed | $267,000 | First American Title | |
| Warranty Deed | $185,000 | Chicago Title Insurance Co | |
| Warranty Deed | $150,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $420,000 | New Conventional | |
| Previous Owner | $328,500 | New Conventional | |
| Previous Owner | $145,000 | Unknown | |
| Previous Owner | $230,000 | Unknown | |
| Previous Owner | $232,000 | Unknown | |
| Previous Owner | $233,000 | Unknown | |
| Previous Owner | $235,000 | Unknown | |
| Previous Owner | $236,000 | Unknown | |
| Previous Owner | $239,600 | Unknown | |
| Previous Owner | $213,600 | No Value Available | |
| Previous Owner | $50,000 | Unknown | |
| Previous Owner | $175,750 | No Value Available | |
| Previous Owner | $120,000 | No Value Available | |
| Closed | $26,700 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/25/2025 03/25/25 | Sold | $500,000 | 0.0% | $250 / Sq Ft |
| 02/27/2025 02/27/25 | Pending | -- | -- | -- |
| 02/21/2025 02/21/25 | For Sale | $499,999 | 0.0% | $250 / Sq Ft |
| 02/12/2025 02/12/25 | Pending | -- | -- | -- |
| 02/04/2025 02/04/25 | Price Changed | $499,999 | -4.8% | $250 / Sq Ft |
| 01/14/2025 01/14/25 | For Sale | $525,000 | +43.8% | $263 / Sq Ft |
| 11/19/2021 11/19/21 | Sold | $365,000 | -8.3% | $183 / Sq Ft |
| 10/21/2021 10/21/21 | Pending | -- | -- | -- |
| 10/01/2021 10/01/21 | For Sale | $398,000 | -- | $199 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
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 | $6,487 | $43,004 | $8,799 | $34,205 |
| 2023 | $6,300 | $33,000 | $7,865 | $25,135 |
| 2022 | $6,300 | $33,000 | $7,865 | $25,135 |
| 2021 | $6,187 | $33,000 | $7,865 | $25,135 |
| 2020 | $5,670 | $27,674 | $4,915 | $22,759 |
| 2019 | $5,635 | $30,500 | $4,915 | $25,585 |
| 2018 | $5,538 | $30,500 | $4,915 | $25,585 |
| 2017 | $4,655 | $24,279 | $4,325 | $19,954 |
| 2016 | $4,502 | $24,279 | $4,325 | $19,954 |
| 2015 | $4,104 | $24,279 | $4,325 | $19,954 |
| 2014 | $4,347 | $25,304 | $3,342 | $21,962 |
| 2013 | $4,275 | $25,304 | $3,342 | $21,962 |
Source: Public Records
Agents Affiliated with this Home
-
Michael Gerhardt
Seller's Agent in 2025
Michael Gerhardt
RE/MAX PREMIER
(773) 551-1586
2 in this area
147 Total Sales
-
Dave Johnson
Buyer's Agent in 2025
Dave Johnson
City and Field Real Estate
(872) 800-0811
1 in this area
89 Total Sales
-
Kimberly Egly
K
Seller's Agent in 2021
Kimberly Egly
Baird Warner
1 in this area
6 Total Sales
-
Scott Fishman
Buyer's Agent in 2021
Scott Fishman
Worth Clark Realty
(773) 316-5409
1 in this area
186 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 12271063
APN: 14-08-407-029-1003
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