NOT LISTED FOR SALE

5060 N Marine Dr Unit A6 Chicago, IL 60640

Margate Park Neighborhood

Estimated Value: $139,552 - $163,000

1 Bed
1 Bath
800 Sq Ft
$783/mo HOA Fee

Last Sold June 04, 2024

Last sale price $155,000 $194 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $1,800/month

20 Days on Market

Highlights

  • Lake Front
  • Landscaped Professionally
  • Wood Flooring
  • Fitness Center
  • Property is near a park
  • 3-minute walk to Bill Hersh Playground

About This Home

As of June 2024

Spacious and bright apartment with a sweeping view of Margate Park and the lake! This corner unit is located on Marine Drive in a building known for its unique Art Deco design. Beautifully updated kitchen and bathroom. Enjoy the open concept living room to kitchen with an island for cooking or entertaining. Kitchen features granite counter tops and stainless-steel appliances. The spacious bedroom can fit a king-sized bed and a home office. Ample storage throughout the unit. The building has a fitness center, conference room, bike room, on site management, parking and a private courtyard for residents to enjoy. The assessment covers heat and cable/internet. Electric varies from $35-$45/Month. Enjoy residing steps away from beaches, parks and wake up looking at a gorgeous lake view. Pets and investment friendly building! Extra storage unit included! Convenient location close to busses, Argyle Redline and Lake Shore Drive.

Last Agent to Sell the Property

Sara McCarthy

Keller Williams ONEChicago License #475135882 Listed on: 04/03/2024

Keller Williams ONEChicago

Co-Listed By

Lena Quist

Keller Williams ONEChicago License #475186857

Last Buyer's Agent

Soukbangone Supantavong

Coldwell Banker Realty License #475176805

Coldwell Banker Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,246

Year Built

  • Built in 1939

Lot Details

  • Lake Front
  • Landscaped Professionally

HOA Fees

  • $783 Monthly HOA Fees

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 800 Sq Ft Home
  • Entrance Foyer
  • Wood Flooring
  • Water Views

Kitchen

  • Range
  • Freezer
  • Dishwasher
  • Granite Countertops

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Potential Bedroom
  • 1 Full Bathroom
  • Soaking Tub

Parking

  • Leased Parking
  • Uncovered Parking
  • On-Site Parking
  • Assigned Parking

Location

  • Property is near a park

Utilities

  • Two Cooling Systems Mounted To A Wall/Window
  • Heating System Uses Steam
  • Lake Michigan Water
  • Cable TV Available

Community Details

Overview

  • Association fees include heat, water, insurance, doorman, tv/cable, exterior maintenance, lawn care, scavenger, snow removal, internet
  • 203 Units
  • Darci Kavanagh Association, Phone Number (773) 561-5975
  • High-Rise Condominium
  • Property managed by 5040-5060 Marine Dr Condo Association
  • 8-Story Property

Amenities

  • Common Area
  • Party Room
  • Coin Laundry
  • Elevator
  • Service Elevator
  • Community Storage Space

Recreation

  • Fitness Center
  • Bike Trail

Pet Policy

  • Dogs and Cats Allowed

Security

  • Resident Manager or Management On Site

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,246

Year Built

Built in 1939

Lot Details

0

HOA Fees

$783 per month

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: Condo,High Rise (7+ Stories)
  • Ownership: Condo
  • New Construction: No
  • Property Sub-Type: Condo,High Rise (7+ Stories)
  • Year Built: 1939
  • Age: 81-90 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: Commuter Bus,Commuter Train
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Unit Floor Level: 6
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 8

Interior Features

  • Appliances: Range, Dishwasher, Refrigerator, Freezer
  • Basement: None
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 1
  • Interior Amenities: Hardwood Floors, Granite Counters
  • LivingArea: 800
  • Room Type: Foyer
  • Stories Total: 8
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: None
  • Bathroom Amenities: Soaking Tub
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 0
  • Total Sq Ft: 0
  • ResoLivingAreaSource: Estimated

Exterior Features

  • ExteriorFeatures: Cable Access
  • List Price: 159000
  • Lot Features: Common Grounds, Lake Front, Landscaped, Park Adjacent, Water View
  • Waterfront: Yes
  • Exterior Building Type: Brick

Garage/Parking

  • Parking Features: Assigned
  • Driveway: Concrete,Circular
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Fee/Leased
  • Parking Fee/Lease $: 175

Utilities

  • Sewer: Public Sewer
  • Cooling: Window/Wall Units - 2
  • Heating: Steam
  • Water Source: Lake Michigan, Public

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK
  • Association Fee: 783
  • Association Amenities: Bike Room/Bike Trails, Coin Laundry, Elevator(s), Exercise Room, Storage, On Site Manager/Engineer, Party Room, Service Elevator(s), Laundry, Water View
  • Association Fee Frequency: Monthly
  • Management: Manager On-site,Monday through Friday
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: 5040-5060 Marine Dr Condo Association
  • Management Contact Name: Darci Kavanagh
  • Management Phone: 773-561-5975
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Heat, Water, Insurance, Doorman, TV/Cable, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal, Internet

Schools

  • Middle/Junior School District: 299

Lot Info

  • Lot Dimensions: COMMON
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Pets Allowed (Y/N): Yes
  • Is Parking Included in Price: No
  • Max Pet Weight: 999

Tax Info

  • Tax Annual Amount: 2245.85
  • Tax Year: 2022
  • Tax Exemptions: None

Multi Family

  • Units in Building: 203

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 3, 2024
Closed on
Jun 3, 2024
Sold by
Andrew J Sklansky Trust and Sklansky Andrew J
Bought by
Simon Judith and Heyman Joseph
Seller's Agent
Sara McCarthy
Keller Williams ONEChicago
Buyer's Agent
Soukbangone Supantavong
Coldwell Banker Realty
List Price
$159,000
Sold Price
$155,000
Premium/Discount to List
-$4,000
-2.52%
Views
48
Current Estimated Value
$151,388

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$3,612
Avg. Annual Appreciation
-1.88%

Purchase Details

Closed on
Apr 21, 2017
Sold by
Hoang Bieu Trong and Duong Mongoanh Thi
Bought by
Andrew J Sklansky Trust

Purchase Details

Closed on
Nov 27, 2000
Sold by
Mcgann Frank
Bought by
Hoang Bieu Trong and Duong Mongoanh Thi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,500
Interest Rate
7.7%

Purchase Details

Closed on
Apr 13, 1995
Sold by
Clarke Mcgann Shari
Bought by
Mcgann Frank
Source: Public Records

Range of Values:

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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
Simon Judith $155,000 Chicago Title
Andrew J Sklansky Trust $110,000 Baird & Warner Title Service
Hoang Bieu Trong $112,500 --
Mcgann Frank -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hoang Bieu Trong $140,000
Previous Owner Hoang Bieu Trong $49,590
Previous Owner Duong Mongoanh Thi $80,000
Previous Owner Hoang Bieu Trong $72,500
Closed Hoang Bieu Trong $15,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/04/2024 06/04/24 Sold $155,000 -2.5% $194 / Sq Ft
04/24/2024 04/24/24 Pending -- -- --
04/09/2024 04/09/24 For Sale $159,000 0.0% $199 / Sq Ft
04/09/2024 04/09/24 Pending -- -- --
04/03/2024 04/03/24 For Sale $159,000 0.0% $199 / Sq Ft
05/24/2022 05/24/22 Rented $1,500 0.0% --
05/06/2022 05/06/22 For Rent $1,500 0.0% --
05/05/2022 05/05/22 Off Market $1,500 -- --
05/05/2022 05/05/22 Under Contract -- -- --
05/02/2022 05/02/22 Price Changed $1,500 -9.1% $2 / Sq Ft
04/26/2022 04/26/22 For Rent $1,650 -- --
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 $11,687 $3,332 $8,355
2023 $2,246 $10,920 $2,977 $7,943
2022 $2,246 $10,920 $2,977 $7,943
2021 $2,196 $10,919 $2,976 $7,943
2020 $2,194 $9,850 $1,861 $7,989
2019 $2,180 $10,852 $1,861 $8,991
2018 $2,144 $10,852 $1,861 $8,991
2017 $1,878 $8,724 $1,638 $7,086
2016 $1,747 $8,724 $1,638 $7,086
2015 $1,712 $9,340 $1,638 $7,702
2014 $1,781 $9,598 $1,265 $8,333
2013 $926 $9,598 $1,265 $8,333
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12012638

Midwest Real Estate Data (MRED)

APN: 14-08-407-022-1189