NOT LISTED FOR SALE

5221 S Drexel Ave Unit 2 Chicago, IL 60615

Hyde Park Neighborhood

Estimated Value: $217,619 - $248,000

2 Beds
1 Bath
1,027 Sq Ft
$245/mo HOA Fee

Last Sold January 19, 2021

Last sale price $196,000 $191 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $1,665/month

14 Days on Market

Highlights

  • Wood Flooring
  • Granite Countertops
  • Galley Kitchen
  • Kenwood Academy High School Rated A-
  • Fenced Yard
  • 4-minute walk to Coleman (Bessie) Park

About This Home

As of January 2021

Heritage on Drexel Condominium Association is a place you'll be proud to call home! Seller has taken care of this property for the past 12 years, and if you are looking for a perfect home that's priced just right for 1st time home buyers, down-sizers or anyone looking for a great value with quality construction, you won't be disappointed. Beautiful 2 Bedroom, 1 Bath Hyde Park Condo with Hardwood Floors throughout. Plenty of natural light in the large living room with combined dining space area. The galley style kitchen offers spacious granite countertops, stainless steel appliances, and ample upper and lower cabinets for storage. Individual HVAC in-unit and hot water heater. In-Unit stackable washer and dryer. This is an excellent location for it's walking distance to University of Chicago, or hop on the shuttle bus right at corner half a block away. Nearby CTA bus lines, coffee, restaurants, parks, and shops should make this property at the top of your list!

Last Agent to Sell the Property

Biserka Ferenac

Marian Realty, Inc. License #475120979 Listed on: 12/02/2020

Marian Realty, Inc.

Last Buyer's Agent

Leyla Jimenez

RE/MAX LOYALTY License #475168004

RE/MAX LOYALTY

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,474

Year Built | Renovated

  • 1918 | 2010

Lot Details

  • Southern Exposure
  • Fenced Yard

HOA Fees

  • $245 per month

Home Design

  • Brick Exterior Construction

Interior Spaces

  • Family or Dining Combination
  • Storage
  • Wood Flooring
  • Intercom

Kitchen

  • Galley Kitchen
  • Oven or Range
  • Microwave
  • Dishwasher
  • Granite Countertops
  • Disposal

Laundry

  • Dryer
  • Washer

Eco-Friendly Details

  • North or South Exposure

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Lake Michigan Water

Listing and Financial Details

  • $4,000 Seller Concession

Community Details

Pet Policy

  • Pets Allowed

Security

  • Storm Screens

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,474

Year Built | Renovated

1918 | 2010

Lot Details

0

HOA Fees

$245 per month

Listing Details

  • Property Type: Attached Single
  • Built Before 1978 (Y/N): Yes
  • Recent Rehab: Yes
  • Unit Floor Level: 2
  • Age: 100+ Years
  • Full Bathrooms: 1
  • Ownership: Condo
  • Rehab Year: 2010
  • Total Full or Half Bathrooms: 1
  • Estimated Year Built: 1918
  • Type Attached: Condo, Courtyard
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 3
  • Year Built: 1918
  • Year Renovated: 2010

Interior Features

  • Interior Property Features: Hardwood Floors, Laundry Hook-Up in Unit, Storage, Dining Combo, Granite Counters
  • Number Of Rooms: 5
  • Living Room: Dimensions: 19X16, On Level: Main Level, Flooring: Hardwood, Windows: Blinds
  • Appliances: Oven/Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Disposal, Intercom
  • Equipment: Intercom, Ceiling Fan
  • Bedrooms All Levels: 2
  • Above Grade Bedrooms: 2
  • Dining Room: Dimensions: COMBO, On Level: Main Level, Flooring: Hardwood, Windows: None
  • Kitchen Type: Dimensions: 13X11, On Level: Main Level, Flooring: Hardwood, Windows: None
  • Kitchen Type: Galley
  • Additional Rooms: No additional rooms
  • Master Bedroom: Dimensions: 13X12, On Level: Main Level, Flooring: Hardwood, Windows: Blinds
  • Bedroom 2: Dimensions: 12X10, On Level: Main Level, Flooring: Hardwood, Windows: Blinds
  • Estimated Sq Ft: 1027
  • Dining Room Type: Combined w/ LivRm

Exterior Features

  • Exterior Building Type: Brick
  • Exterior Property Features: Storms/Screens
  • Exposure: N (North), S (South)

Utilities

  • Electricity: Circuit Breakers
  • Air Conditioner: Central Air
  • Water: Lake Michigan
  • Sewer: Sewer-Public
  • Heating Fuel: Gas, Forced Air

Condo/Co-op/Association

  • Max Pet Weight: 999
  • Pets Allowed: Yes
  • Fee Frequency: Monthly
  • Management: Manager Off-site, Monday through Friday
  • Pet Information: Cats OK, Dogs OK
  • Common Area Amenities: Bike Room/Bike Trails, Storage
  • Assessment Includes: Water, Common Insurance, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal
  • Assessment Association Fees: 245
  • Management Contact Name: Bebe Fereanc
  • Management Phone: 773-684-5400

Fee Information

  • Management Company: Marian Realty

Schools

  • Junior High Dist: 299

Lot Info

  • Lot Dimensions: COMMON
  • Lot Description: Fenced Yard
  • Parcel Identification Number: 20113070221006

Multi Family

  • Total Number Unitsin Building: 20
  • Number Stories: 3

Tax Info

  • Taxes: 2216.44

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 2, 2020
Closed on
Jan 11, 2021
Sold by
Leung Edward Ki Yun and Leung Leny
Bought by
Ayala Michelle
Seller's Agent
Biserka Ferenac
Marian Realty, Inc.
Buyer's Agent
Leyla Jimenez
RE/MAX LOYALTY
List Price
$192,000
Sold Price
$196,000
Premium/Discount to List
$4,000
2.08%
Current Estimated Value
$230,655

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$34,655
Avg. Annual Appreciation
3.47%
Original Mortgage
$190,120
Interest Rate
2.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 16, 2008
Sold by
Drexel Properties Llc
Bought by
Leung Edward Ki Yun

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$134,400
Interest Rate
5.62%
Mortgage Type
Unknown
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
Ayala Michelle $196,000 Chicago Title
Leung Edward Ki Yun $168,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ayala Michelle $190,120
Previous Owner Leung Edward Ki Yun $134,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/19/2021 01/19/21 Sold $196,000 +2.1% $191 / Sq Ft
12/16/2020 12/16/20 Pending -- -- --
12/02/2020 12/02/20 For Sale $192,000 0.0% $187 / Sq Ft
05/01/2019 05/01/19 Rented $1,375 -1.8% --
03/29/2019 03/29/19 Under Contract -- -- --
02/01/2019 02/01/19 For Rent $1,400 0.0% --
06/01/2016 06/01/16 Rented $1,400 0.0% --
05/02/2016 05/02/16 For Rent $1,400 -- --
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 $2,474 $17,358 $3,116 $14,242
2023 $2,382 $15,000 $2,513 $12,487
2022 $2,382 $15,000 $2,513 $12,487
2021 $3,016 $14,999 $2,512 $12,487
2020 $2,257 $10,131 $2,010 $8,121
2019 $2,216 $11,032 $2,010 $9,022
2018 $2,179 $11,032 $2,010 $9,022
2017 $2,066 $9,598 $1,658 $7,940
2016 $1,922 $9,598 $1,658 $7,940
2015 $1,759 $9,598 $1,658 $7,940
2014 $1,834 $9,884 $1,356 $8,528
2013 $1,798 $9,884 $1,356 $8,528
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10945673

Midwest Real Estate Data (MRED)

APN: 20-11-307-022-1006