NOT LISTED FOR SALE

5117 S University Ave Unit 2B Chicago, IL 60615

Hyde Park Neighborhood

Estimated Value: $225,930 - $263,000

3 Beds
2 Baths
-- Sq Ft
$725/mo HOA Fee

Last Sold May 06, 2022

Last sale price $188,000

Est. 28% increase in value since last sale

Current estimated payment $2,212/month

7 Days on Market

Highlights

  • Formal Dining Room
  • Double Oven
  • Intercom
  • Kenwood Academy High School Rated A-
  • Balcony
  • 2-minute walk to Sycamore Playlot Park

About This Home

As of May 2022

Great investment property for a savvy investor. Association allows rentals. Current tenants are paying $1500 for rent. The location is KING. Walking distance to 51st Street bus lines and lakefront, Metro train, UChicago Bus, Divvy bikes, The University of Chicago School and Hospital. Plenty of restaurants. Hyde Park is a southside gem that continues to grow. Your clients do not want to miss out on the OPPORTUNITY to OWN a CASH COW! Or simply enjoy the beauty of Hyde Park.

Last Agent to Sell the Property

Diamond Parsons

Baird & Warner License #475182184 Listed on: 04/02/2022

Baird & Warner

Last Buyer's Agent

DeVon Chandler

Real Broker LLC License #475177000

Real Broker LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,241

Lot Details

  • 8,189

HOA Fees

  • $725 Monthly HOA Fees

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 3-Story Property
  • Entrance Foyer
  • Family Room
  • Living Room
  • Formal Dining Room
  • Storage Room
  • Intercom

Kitchen

  • Double Oven
  • Electric Cooktop
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Balcony

Schools

  • Kenwood Academy High School

Utilities

  • No Cooling
  • Radiator
  • Heating System Uses Natural Gas
  • Radiant Heating System
  • Lake Michigan Water

Community Details

Overview

  • Association fees include heat, water, insurance, lawn care, scavenger, snow removal
  • 6 Units
  • Madelaine Gerbaulet Vanasse Association, Phone Number (773) 818-6318
  • Property managed by Meliora Management

Pet Policy

  • Dogs and Cats Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,241

Lot Details

0

HOA Fees

$725 per month

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: Condo
  • Ownership: Condo
  • New Construction: No
  • Property Sub-Type: Condo
  • Age: 51-60 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: Commuter Train,Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Unit Floor Level: 2
  • New Construction Y/N: No
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 3

Interior Features

  • Appliances: Double Oven, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Electric Cooktop, Intercom
  • Basement: None
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 3
  • Room Type: Balcony/Porch/Lanai, Foyer, Storage
  • Stories Total: 3
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: None
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Separate
  • Total Sq Ft: 0
  • Square Footage Comments: Unknown
  • Total Sq Ft: 0

Exterior Features

  • ExteriorFeatures: Balcony
  • List Price: 188000
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Number of Cars: 0
  • Parking: None

Utilities

  • Sewer: Other
  • Cooling: None
  • Heating: Natural Gas, Radiant, Radiator(s)
  • Laundry Features: In Unit
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK
  • Association Fee: 725
  • Association Fee Frequency: Monthly
  • Master Association Fee Frequency: Not Required
  • Management Company: Meliora Management
  • Management Contact Name: Madelaine Gerbaulet- Vanasse
  • Management Phone: 773-818-6318
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Heat, Water, Insurance, Lawn Care, Scavenger, Snow Removal

Schools

  • High School: Kenwood Academy High School
  • Middle/Junior School District: 299

Lot Info

  • Lot Dimensions: PER SURVEY
  • Special Assessments: Y

Rental Info

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

Tax Info

  • Tax Annual Amount: 3241.12
  • Tax Year: 2020
  • Tax Exemptions: None

Multi Family

  • Units in Building: 6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 2, 2022
Closed on
Apr 27, 2022
Sold by
Tu Wenchen
Bought by
Forest Tony L and Forest Alice Y
Seller's Agent
Diamond Parsons
Baird & Warner
Buyer's Agent
DeVon Chandler
Real Broker LLC
List Price
$188,000
Sold Price
$188,000
Current Estimated Value
$240,483

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$52,483
Avg. Annual Appreciation
7.49%
Original Mortgage
$141,000
Outstanding Balance
$134,671
Interest Rate
5.88%
Mortgage Type
New Conventional
Estimated Equity
$105,812

Purchase Details

Listed on
Sep 13, 2013
Closed on
May 8, 2014
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Tu Wenchen and Lin Yarong
Seller's Agent
LaShandria Sanderson
Redfin Corporation
Buyer's Agent
LaShandria Sanderson
Redfin Corporation
List Price
$119,900
Sold Price
$95,000
Premium/Discount to List
-$24,900
-20.77%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.94%

Purchase Details

Closed on
Nov 27, 2012
Sold by
Hansen Eric
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
Jul 28, 2005
Sold by
Bowles Destin H and Drye Bowles Thelma
Bought by
Hansen Eric and Hansen Sarah

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$181,600
Interest Rate
4.5%
Mortgage Type
Unknown

Purchase Details

Closed on
Jun 21, 2005
Sold by
Destin H Bowles Living Trust
Bought by
Drye Bowles Destin H and Drye Bowles Thelma B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$181,600
Interest Rate
4.5%
Mortgage Type
Unknown

Purchase Details

Closed on
Mar 9, 2000
Sold by
Bowles Destin H and Drye Bowles Thelma B
Bought by
Bowles Destin H and Drye Bowles Thelma B

Purchase Details

Closed on
Jan 19, 1999
Sold by
Drye Bowles Destin H and Drye Bowles Thelma B
Bought by
Bowles Destin H and Bowles Thelma B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$98,350
Interest Rate
6.81%

Purchase Details

Closed on
Oct 23, 1996
Sold by
Bowles Destin and Bowles Desin H
Bought by
Bowles Destin H and Drye Bowles Thelma B
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Forest Tony L $188,000 Citywide Title
Tu Wenchen $95,000 Attorneys Title Guaranty Fun
Federal Home Loan Mortgage Corporation -- None Available
Hansen Eric $227,000 --
Drye Bowles Destin H -- Stewart Title Of Illinois
Bowles Destin H -- --
Bowles Destin H -- --
Bowles Destin H -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Forest Tony L $141,000
Previous Owner Hansen Eric $181,600
Previous Owner Drye Bowles Destin H $167,500
Previous Owner Bowles Destin H $98,350
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/06/2022 05/06/22 Sold $188,000 0.0% --
04/10/2022 04/10/22 Pending -- -- --
04/02/2022 04/02/22 For Sale $188,000 +97.9% --
05/20/2014 05/20/14 Sold $95,000 -4.9% -- View Prior Sale
04/18/2014 04/18/14 Pending -- -- --
04/04/2014 04/04/14 Price Changed $99,900 -16.7% --
04/02/2014 04/02/14 For Sale $119,900 0.0% --
02/27/2014 02/27/14 Pending -- -- --
01/29/2014 01/29/14 Price Changed $119,900 -14.3% --
01/28/2014 01/28/14 For Sale $139,900 0.0% --
11/23/2013 11/23/13 Pending -- -- --
11/21/2013 11/21/13 For Sale $139,900 0.0% --
10/17/2013 10/17/13 Pending -- -- --
10/17/2013 10/17/13 For Sale $139,900 0.0% --
09/19/2013 09/19/13 Pending -- -- --
09/13/2013 09/13/13 For Sale $139,900 -- --
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 $2,541 $18,800 $7,626 $11,174
2023 $2,468 $12,000 $6,000 $6,000
2022 $2,468 $12,000 $6,000 $6,000
2021 $2,413 $11,999 $5,999 $6,000
2020 $3,300 $14,813 $4,920 $9,893
2019 $3,241 $16,132 $4,920 $11,212
2018 $3,187 $16,132 $4,920 $11,212
2017 $3,265 $15,166 $4,059 $11,107
2016 $3,038 $15,166 $4,059 $11,107
2015 $2,779 $15,166 $4,059 $11,107
2014 $1,946 $10,488 $3,321 $7,167
2013 $1,907 $10,488 $3,321 $7,167
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11357684

Midwest Real Estate Data (MRED)

APN: 20-11-305-017-1006