Seller's Agent in 2021
Mira Kovacevic
Coldwell Banker Realty
(773) 771-4411
1 in this area
18 Total Sales
5125 W Melrose St Chicago, IL 60641
Cragin NeighborhoodEstimated Value: $418,000 - $468,000
5
Beds
3
Baths
2,100
Sq Ft
$211/Sq Ft
Est. Value
Highlights
- Farmhouse Style Home
- 2 Car Detached Garage
- Senior Tax Exemptions
- Fenced Yard
- Enclosed Patio or Porch
About This Home
As of September 2021TWO legal units building (brick/frame) specious in Portage Park in need of remodeling. 1st Fl. 8 rooms, is duplex down w 3 beds/2 Baths( unit is Vacant) 2nd Fl. has 1 bed and Den ( large enough for sg bed ) and 1 bath. Great Hardwood Fl. throughout both units including garden part. Both units have large, enclosed porch, perfect for den or for extra bedroom. Laundry hook up in the basement. Tenants are M/M and pay all utilities. Owner pays only: Tax, Insurance and water. Property is on extra-large Chicago city lot 30 x 125. Detached 2 car Garage. Nice, fenced yard. Keep is as 2 flats ( lv in one and renting 2nd unit can help w paying expenses) or convert to a large Sg Fam home. Convenient location for shopping and transportation. No showing Saturday & Sunday after 4:00 pm
Last Agent to Sell the Property
Coldwell Banker Realty License #475131876 Listed on: 05/01/2021
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,945
Year Built
- Built in 1927
Lot Details
- 3,746
Parking
- 2 Car Detached Garage
- Parking Included in Price
Home Design
- Farmhouse Style Home
- Brick Foundation
- Asphalt Roof
Bedrooms and Bathrooms
- 5 Bedrooms
- 5 Potential Bedrooms
- 3 Bathrooms
Utilities
- Heating System Uses Natural Gas
- Lake Michigan Water
Additional Features
- Partial Basement
- Enclosed Patio or Porch
- Fenced Yard
Listing and Financial Details
- Senior Tax Exemptions
- Homeowner Tax Exemptions
Community Details
Overview
- 2 Units
Building Details
- Insurance Expense $900
- Water Sewer Expense $1,296
- Gross Income $25,200
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 1, 2021
Closed on
Sep 19, 2021
Sold by
Christiansen Bernice A and Mecher Lynn
Bought by
Panwanda Jackson Patricio and Panwanda Glenda Gabriela
Seller's Agent
Mira Kovacevic
Coldwell Banker Realty
Buyer's Agent
Martin Rojas
EHomes Realty, Ltd
List Price
$375,000
Sold Price
$340,000
Premium/Discount to List
-$35,000
-9.33%
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
$104,040
Avg. Annual Appreciation
5.83%
Original Mortgage
$333,841
Outstanding Balance
$305,092
Interest Rate
2.8%
Mortgage Type
FHA
Estimated Equity
$120,167
Purchase Details
Closed on
Dec 4, 1996
Sold by
American National Bk & Tr Co Of Chicago
Bought by
Belmont Laramie Venture
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Panwanda Jackson Patricio | $340,000 | Proper Title | |
| Belmont Laramie Venture | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Panwanda Jackson Patricio | $333,841 | |
| Previous Owner | Christiansen Reginald | $50,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/23/2021 09/23/21 | Sold | $340,000 | -9.3% | $162 / Sq Ft |
| 07/09/2021 07/09/21 | Pending | -- | -- | -- |
| 05/01/2021 05/01/21 | For Sale | $375,000 | -- | $179 / 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 | $5,278 | $39,000 | $11,625 | $27,375 |
| 2023 | $5,145 | $25,000 | $9,375 | $15,625 |
| 2022 | $5,145 | $25,000 | $9,375 | $15,625 |
| 2021 | $5,030 | $25,000 | $9,375 | $15,625 |
| 2020 | $6,596 | $29,590 | $5,437 | $24,153 |
| 2019 | $1,945 | $33,248 | $5,437 | $27,811 |
| 2018 | $1,915 | $33,248 | $5,437 | $27,811 |
| 2017 | $5,744 | $32,743 | $4,875 | $27,868 |
| 2016 | $6,562 | $32,743 | $4,875 | $27,868 |
| 2015 | $2,351 | $32,743 | $4,875 | $27,868 |
| 2014 | $2,331 | $33,296 | $4,500 | $28,796 |
| 2013 | $2,339 | $33,296 | $4,500 | $28,796 |
Source: Public Records
Agents Affiliated with this Home
-
Mira Kovacevic
-
Martin Rojas
M
Buyer's Agent in 2021
Martin Rojas
EHomes Realty, Ltd
2 in this area
25 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11073435
APN: 13-21-417-012-0000
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