NOT LISTED FOR SALE

514 W Elm St Unit 13101 Chicago, IL 60610

River North Neighborhood

Estimated Value: $597,000 - $759,000

3 Beds
3 Baths
-- Sq Ft
$318/mo HOA Fee

Last Sold November 03, 2021

Last sale price $615,000

Est. 5% increase in value since last sale

Current estimated payment $4,603/month

21 Days on Market

Highlights

  • Attached Garage
  • Family or Dining Combination
  • 4-minute walk to Seward Park
  • Lincoln Park High School Rated A

About This Home

As of November 2021

Welcome home to this modern, freshly rehabbed and stunning three level, corner townhome in the heart of Old Town/River North! Situated in an all brick building with oversized windows, this townhome is flooded with natural light. The highly desired floor plan offers one bedroom / bathroom on the first floor with a full laundry room, plenty of storage space and direct access from the 1.5 car garage. The second story is an entertainers dream, offering a gorgeously renovated chef's kitchen with custom cabinetry, clean backsplash, quartz countertops, premium stainless steel appliances, shiny hardwood flooring and the main living / dining room directly off the kitchen. Two spacious bedrooms and two full bathrooms are tucked away on the third floor with more huge windows, offering a serene feeling from your private bedroom space. Take advantage of the breathtaking city views on your private, rooftop with custom Trex wood decking. No detail was spared in this townhome! Just blocks from Old Town, River North, Gold Coast and Lincoln Park, this is one of the best locations on the near north side!

Last Agent to Sell the Property

Tim Lorimer

Compass Listed on: 08/11/2021

Compass

Co-Listed By

Michael Mandile

Compass License #475174712

Last Buyer's Agent

Kara Moll

Keller Williams ONEChicago License #471002752

Keller Williams ONEChicago

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $10,312

Year Built | Renovated

  • 2007 | 2020

Lot Details

  • 1.28

HOA Fees

  • $318 per month

Parking

  • Attached Garage
  • Parking Included in Price

Home Design

  • Brick Exterior Construction

Interior Spaces

  • Separate Shower
  • Family or Dining Combination

Listing and Financial Details

  • Homeowner Tax Exemptions

Community Details

Overview

  • 8 Units
  • Michael Hargrove Association, Phone Number (312) 475-0556
  • Property managed by Parkside Of Old Town

Pet Policy

  • Pets Allowed

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$10,312

Year Built | Renovated

2007 | 2020

Lot Details

0

HOA Fees

$318 per month

Parking

1

Listing Details

  • Property Type: Attached Single
  • Property Type: Residential
  • Type Attached: T3-Townhouse 3+ Stories
  • Property Sub Type: T3-Townhouse 3+ Stories
  • Age: 11-15 Years
  • Built Before 1978 (Y/N): No
  • Disability Access and/or Equipped: No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Unit Floor Level: 1
  • Rehab Year: 2020
  • Co List Office Mls Id: MRD87120
  • Co List Office Phone: (773) 482-1917
  • Directions: Division West to Cleveland, Cleveland South to Elm, Elm West to 514.
  • Lot Size: COMMON
  • Master Model: MAGNOLIA
  • New Construction: No
  • Ownership: Condo
  • Subdivision Name: The Parkside
  • Special Features: None
  • Year Built: 2007
  • Year Renovated: 2020

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Disposal
  • Has Basement: None
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: None
  • Bathroom Amenities: Separate Shower
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Combined w/ FamRm
  • Total Sq Ft: 0
  • Total Sq Ft: 0
  • Full Bathrooms: 3
  • Possible Bedrooms: 3
  • Total Bedrooms: 3
  • Other Equipment: Humidifier, CO Detectors
  • Dining Room Type: Den
  • Stories: 3

Exterior Features

  • Roof: Asphalt
  • Exterior Features: Porch, Roof Deck, End Unit
  • Foundation Details: Concrete Perimeter
  • Exterior Building Type: Brick
  • Lot Features: Common Grounds
  • Waterfront: No

Garage/Parking

  • Number of Cars: 1.5
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage
  • Garage Spaces: 1.5

Utilities

  • Cooling: Central Air
  • Heating: Natural Gas
  • Electric: Circuit Breakers, Fuses
  • Sewer: Public Sewer
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: Parkside Of Old Town
  • Management Contact Name: Michael Hargrove
  • Management Phone: 312-475-0556
  • Association Fee: 318
  • Association Fee Frequency: Monthly
  • Pets Allowed: Cats OK, Dogs OK

Fee Information

  • Association Fee Includes: Water, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal, Other

Schools

  • Elementary School: Ogden Elementary
  • High School: Lincoln Park High School
  • Junior High Dist: 299

Lot Info

  • Special Assessments: N
  • Additional Parcels: No

Rental Info

  • Board Number: 8
  • Pets Allowed (Y/N): Yes
  • Is Parking Included in Price: Yes
  • Max Pet Weight: 999

Multi Family

  • Units in Building: 8

Tax Info

  • Tax Exemptions: Homeowner
  • Tax Annual Amount: 6902.22
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 12, 2022
Sold by
Kralovec Lynne and Glozman Vadim
Bought by
Prechtel Madison and Pendleton James
Total Days on Market
21
Current Estimated Value
$645,571

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$492,000
Outstanding Balance
$457,406
Interest Rate
2.99%
Estimated Equity
$188,165

Purchase Details

Listed on
Nov 7, 2016
Closed on
Feb 21, 2017
Sold by
Chung Thomas J and Song Janet J
Bought by
Kralovec Lynne
Seller's Agent
Tim Salm
Jameson Sotheby's Intl Realty
Buyer's Agent
Emily Moore
Compass
List Price
$549,000
Sold Price
$537,100
Premium/Discount to List
-$11,900
-2.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.25%
Original Mortgage
$414,000
Interest Rate
4.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 9, 2007
Sold by
Parkside Old Town I Llc
Bought by
Song Janet J and Chung Thomas J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
6.45%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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Range of Values:

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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
Prechtel Madison $615,000 --
Prechtel Madison $615,000 --
Kralovec Lynne $537,500 Chicago Title
Song Janet J $561,500 Git
Prechtel Madison $615,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Prechtel Madison $492,000
Closed Prechtel Madison $492,000
Previous Owner Prechtel Madison $492,000
Previous Owner Kralovec Lynne $401,200
Previous Owner Kralovec Lynne $414,000
Previous Owner Chung Thomas J $325,000
Previous Owner Song Janet J $350,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/03/2021 11/03/21 Sold $615,000 -3.9% --
09/02/2021 09/02/21 Pending -- -- --
08/11/2021 08/11/21 For Sale $639,900 +19.1% --
02/23/2017 02/23/17 Sold $537,100 -2.2% $298 / Sq Ft
01/10/2017 01/10/17 Pending -- -- --
11/07/2016 11/07/16 For Sale $549,000 -- $305 / 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 $10,312 $49,985 $14,640 $35,345
2023 $10,312 $50,135 $11,807 $38,328
2022 $10,312 $50,135 $11,807 $38,328
2021 $9,412 $50,134 $11,806 $38,328
2020 $6,902 $34,086 $11,334 $22,752
2019 $6,159 $34,086 $11,334 $22,752
2018 $6,055 $34,086 $11,334 $22,752
2017 $6,829 $31,724 $8,972 $22,752
2016 $6,354 $31,724 $8,972 $22,752
2015 $5,813 $31,724 $8,972 $22,752
2014 $5,483 $29,552 $6,800 $22,752
2013 $5,375 $29,552 $6,800 $22,752
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11186060

Midwest Real Estate Data (MRED)

APN: 17-04-305-058-4016