NOT LISTED FOR SALE

5056 N Marine Dr Unit B2 Chicago, IL 60640

Margate Park Neighborhood

Estimated Value: $129,000 - $144,824

1 Bed
1 Bath
850 Sq Ft
$477/mo HOA Fee

Last Sold January 29, 2019

Last sale price $83,000 $98 Per Sq Ft

Est. 64% increase in value since last sale

Current estimated payment $1,411/month

126 Days on Market

Highlights

  • Den
  • Southern Exposure
  • 2-minute walk to Bill Hersh Playground
  • Hot Water Heating System

About This Home

As of January 2019

Welcome to the MDA! Spacious 1bed+Den in Art Deco building. Located in Uptowns' Margate Park, across the street from the Lincoln Park. This spacious unit features generous galley kitchen, combo living/dining room, a den suitable for office or guests, king sized bedroom and ample closet space. Windows look out onto treelined street and the afternoon sunlight reflects off beautiful original parquet floors. Building includes on-site management, doorman, fitness center, card system laundry, storage, bicycle storage, package pick-up, and party room. The building sits on beautifully landscaped grounds and interior courtyard features unique art-deco style water fountain with seating areas. Close proximity to Andersonville, Argyle St. Asian District, Bryn Mar corridor, and Foster & Hollywood Beach. Easy access to redline and LSD express bus routes. Pets welcome and parking is available through the building. Inspiration required as unit needs some TLC.

Last Agent to Sell the Property

Timothy Foley

Fulton Grace Realty License #475163962 Listed on: 06/06/2018

Last Buyer's Agent

Stephanie Malmquist

Cross Street Real Estate License #475168889

Cross Street Real Estate

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,304

Year Built

  • 1940

Lot Details

  • Southern Exposure
  • East or West Exposure

HOA Fees

  • $477 per month

Home Design

  • Brick Exterior Construction

Interior Spaces

  • Den

Parking

  • Parking Available
  • Assigned Parking

Utilities

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

Community Details

  • Pets Allowed

Listing and Financial Details

  • Homeowner Tax Exemptions

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,304

Year Built

1940

Lot Details

0

HOA Fees

$477 per month

Listing Details

  • Property Type: Attached Single
  • Built Before 1978 (Y/N): Yes
  • Unit Floor Level: 2
  • Age: 71-80 Years
  • Full Bathrooms: 1
  • Ownership: Condo
  • Total Full or Half Bathrooms: 1
  • Estimated Year Built: 1940
  • Tax Exemptions: Homeowner
  • Type Attached: Condo
  • Special Features: 12
  • Property Sub Type: Condos
  • Stories: 8
  • Year Built: 1940

Interior Features

  • Number Of Rooms: 5
  • Living Room: Dimensions: 12X14, On Level: Main Level, Flooring: Parquet
  • Bedrooms All Levels: 1
  • Above Grade Bedrooms: 1
  • Dining Room: Dimensions: COMBO, On Level: Main Level
  • Kitchen Type: Dimensions: 6X16, On Level: Main Level, Flooring: Hardwood
  • Additional Rooms: Den
  • Master Bedroom: Dimensions: 15X13, On Level: Main Level
  • Additional Room 1 Name: Den, Dimensions: 8X9, On Level: Main Level
  • Estimated Sq Ft: 850

Exterior Features

  • Exterior Building Type: Brick
  • Exposure: S (South), W (West)

Garage/Parking

  • Number of Cars: 1
  • Parking: Space/s
  • Parking Details: Assigned Spaces
  • Number Parking Spaces: 1
  • Parking On Site: Yes
  • Parking Fee Lease: 155
  • Parking Ownership: Fee/Leased

Utilities

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

Condo/Co-op/Association

  • Max Pet Weight: 999
  • Pets Allowed: Yes
  • Fee Frequency: Monthly
  • Management: Manager On-site
  • Pet Information: Cats OK, Dogs OK
  • Common Area Amenities: Bike Room/Bike Trails, Coin Laundry, Elevator, Exercise Room
  • Assessment Includes: Heat, Water, Common Insurance, Security, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal
  • Assessment Association Fees: 477
  • Management Contact Name: Amy Statton
  • Management Phone: 773-551-5975

Fee Information

  • Management Company: Sudler

Schools

  • School District: 299
  • Junior High Dist: 299

Lot Info

  • Lot Dimensions: 25X125
  • Parcel Identification Number: 14084070221141

Multi Family

  • Total Number Unitsin Building: 203
  • Number Stories: 8

Tax Info

  • Taxes: 1175.28

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 29, 2021
Sold by
Rolison David W and Rolison Susan M
Bought by
Rolison Brian D
Current Estimated Value
$136,456

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$77,500
Outstanding Balance
$70,236
Interest Rate
3.37%
Mortgage Type
New Conventional
Estimated Equity
$64,643

Purchase Details

Listed on
Jun 6, 2018
Closed on
Jan 25, 2019
Sold by
Kerouac Joseph W
Bought by
Rolison David W and Rolison Susan M
Seller's Agent
Timothy Foley
Fulton Grace Realty
Buyer's Agent
Stephanie Malmquist
Cross Street Real Estate
List Price
$91,000
Sold Price
$83,000
Premium/Discount to List
-$8,000
-8.79%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.65%

Purchase Details

Closed on
Jun 7, 1996
Sold by
American National Bk & Tr Co Of Chicago
Bought by
Kerouac Joseph W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$30,400
Interest Rate
8.27%
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
Rolison Brian D -- Accommodation
Rolison David W $83,000 Fidelity National Title
Kerouac Joseph W $38,000 Attorneys Natl Title Network
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rolison Brian D $77,500
Previous Owner Kerouac Joseph W $134,900
Previous Owner Kerouac Joseph W $132,000
Previous Owner Kerouak Joseph W $119,000
Previous Owner Kerouac Joseph W $119,000
Previous Owner Kerouac Joseph W $104,000
Previous Owner Kerouac Joseph W $88,000
Previous Owner Kerouac Joseph W $30,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/29/2019 01/29/19 Sold $83,000 -8.8% $98 / Sq Ft
01/26/2019 01/26/19 For Sale $91,000 +9.6% $107 / Sq Ft
01/23/2019 01/23/19 Off Market $83,000 -- --
10/10/2018 10/10/18 Pending -- -- --
10/08/2018 10/08/18 Pending -- -- --
10/01/2018 10/01/18 For Sale $91,000 0.0% $107 / Sq Ft
08/02/2018 08/02/18 Pending -- -- --
08/01/2018 08/01/18 For Sale $91,000 0.0% $107 / Sq Ft
07/20/2018 07/20/18 Pending -- -- --
07/10/2018 07/10/18 Price Changed $91,000 -6.2% $107 / Sq Ft
06/27/2018 06/27/18 Price Changed $97,000 -9.3% $114 / Sq Ft
06/06/2018 06/06/18 For Sale $107,000 -- $126 / 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 $2,304 $11,207 $3,195 $8,012
2023 $2,246 $10,920 $2,854 $8,066
2022 $2,246 $10,920 $2,854 $8,066
2021 $2,196 $10,919 $2,854 $8,065
2020 $2,104 $9,444 $1,784 $7,660
2019 $1,401 $10,405 $1,784 $8,621
2018 $1,377 $10,405 $1,784 $8,621
2017 $1,074 $8,365 $1,570 $6,795
2016 $1,175 $8,365 $1,570 $6,795
2015 $1,160 $8,955 $1,570 $7,385
2014 $1,231 $9,203 $1,213 $7,990
2013 $1,196 $9,203 $1,213 $7,990
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD09978829

Midwest Real Estate Data (MRED)

APN: 14-08-407-022-1141