5056 N Marine Dr Unit 1C Chicago, IL 60640
Margate Park Neighborhood
1
Bed
1
Bath
550
Sq Ft
$534/mo
HOA Fee
Highlights
- Doorman
- Lock-and-Leave Community
- Park
- Fitness Center
- Elevator
- 2-minute walk to Bill Hersh Playground
About This Home
As of August 2025Unlock the potential of this spacious 1-bedroom, 1-bath condo located in one of Chicago's most iconic Art Deco buildings, The MDA. Recognized on architecture tours, this landmark property blends timeless elegance with an unbeatable location. Set on the serene, tree-lined Winona Street and tucked right between Lincoln Park and Margate Park, you're just steps from Lake Michigan and the beach, making it easy to enjoy morning jogs or evening strolls by the water. The lush courtyard, complete with a classic fountain, sets the tone for a community-oriented lifestyle, whether you're attending live jazz performances from local musicians or simply unwinding with neighbors over a glass of wine. Perfect for buyers looking to customize their space, this condo is ready for your renovation vision. With Mariano's, express bus routes (147 & 146), the Argyle Red Line, and Lake Shore Drive all nearby, convenience meets culture in vibrant Uptown. Bring your creativity and make this historic gem your own! Monthly assessment: $710.06 ($533.94 base, $122 Reserve Assessment ends 4/30/29, $54.12 Cable & Internet) * Electric is charged back based on usage * 2023 taxes $690.27 with homeowner exemption.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $690
Year Built
- Built in 1939
HOA Fees
- $534 Monthly HOA Fees
Home Design
- Brick Exterior Construction
Interior Spaces
- 550 Sq Ft Home
- Entrance Foyer
- Family Room
- Combination Dining and Living Room
- Laundry Room
Bedrooms and Bathrooms
- 1 Bedroom
- 1 Potential Bedroom
- 1 Full Bathroom
Utilities
- No Cooling
- Baseboard Heating
- Heating System Uses Steam
- Heating System Uses Natural Gas
- Lake Michigan Water
Listing and Financial Details
- Senior Tax Exemptions
- Homeowner Tax Exemptions
Community Details
Overview
- Association fees include heat, water, insurance, security, doorman, tv/cable, exercise facilities, exterior maintenance, lawn care, scavenger, snow removal, internet
- 203 Units
- Darci Kavanagh Association, Phone Number (773) 561-5975
- Property managed by Sudler
- Lock-and-Leave Community
- 8-Story Property
Amenities
- Doorman
- Coin Laundry
- Elevator
- Community Storage Space
Recreation
- Fitness Center
- Park
- Bike Trail
Pet Policy
- Dogs and Cats Allowed
Security
- Resident Manager or Management On Site
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Mar 28, 2006
Sold by
Neil Wallace R
Bought by
Hawks Wendy C
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$101,600
Outstanding Balance
$58,640
Interest Rate
6.34%
Mortgage Type
Fannie Mae Freddie Mac
Estimated Equity
$41,342
Purchase Details
Closed on
May 8, 2003
Sold by
Owolabi Rosemary
Bought by
Neil Wallace R
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$79,300
Interest Rate
5.87%
Mortgage Type
Unknown
Purchase Details
Closed on
Mar 11, 1994
Sold by
Slingo Jim
Bought by
Owolabi Rosemary
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 | $127,000 | First American Title Ins Co | |
| Warranty Deed | $83,500 | Rtc | |
| Warranty Deed | $83,500 | Rtc | |
| Warranty Deed | $7,500 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $101,600 | Fannie Mae Freddie Mac | |
| Closed | $12,650 | Stand Alone Second | |
| Previous Owner | $79,300 | Unknown |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/26/2025 08/26/25 | Sold | $99,000 | 0.0% | $180 / Sq Ft |
| 07/28/2025 07/28/25 | Pending | -- | -- | -- |
| 07/15/2025 07/15/25 | Price Changed | $99,000 | -17.5% | $180 / Sq Ft |
| 05/29/2025 05/29/25 | For Sale | $120,000 | -- | $218 / 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 | $690 | $10,010 | $2,854 | $7,156 |
| 2023 | $291 | $9,240 | $2,550 | $6,690 |
| 2022 | $291 | $9,240 | $2,550 | $6,690 |
| 2021 | $277 | $9,239 | $2,549 | $6,690 |
| 2020 | $286 | $8,436 | $1,594 | $6,842 |
| 2019 | $285 | $9,295 | $1,594 | $7,701 |
| 2018 | $281 | $9,295 | $1,594 | $7,701 |
| 2017 | $155 | $7,472 | $1,403 | $6,069 |
| 2016 | $639 | $7,472 | $1,403 | $6,069 |
| 2015 | $642 | $7,999 | $1,403 | $6,596 |
| 2014 | $673 | $8,221 | $1,084 | $7,137 |
| 2013 | $675 | $8,221 | $1,084 | $7,137 |
Source: Public Records
Agents Affiliated with this Home
-
Brad Zibung
Seller's Agent in 2025
Brad Zibung
Compass
(773) 269-7609
1 in this area
228 Total Sales
-
Melissa Kusack
M
Seller Co-Listing Agent in 2025
Melissa Kusack
Compass
(312) 497-6636
1 in this area
1 Total Sale
-
John Zimmers
Buyer's Agent in 2025
John Zimmers
EXIT Strategy Realty
(773) 617-4734
1 in this area
46 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 12373989
APN: 14-08-407-022-1138
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