NOT LISTED FOR SALE

5224 S Michigan Ave Unit 3 Chicago, IL 60615

Washington Park Neighborhood

Estimated Value: $244,000 - $291,000

3 Beds
2 Baths
1,200 Sq Ft
$225/mo HOA Fee

Last Sold October 03, 2024

Last sale price $265,000 $221 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $1,840/month

6 Days on Market

Highlights

  • Laundry Room
  • Dining Room
  • Dogs and Cats Allowed
  • Central Air
  • Family Room

About This Home

As of October 2024

Step into this stunning penthouse condo, a spacious 3-bedroom, 2-bathroom unit designed for luxury living. The updated kitchen is a chef's dream, featuring sleek Bosch stainless steel appliances, ample counter space, and modern cabinetry. The living room boasts high ceilings with elegant architectural accents, creating a sense of grandeur and openness. Natural light floods the unit through expansive windows and multiple skylights, enhancing the warm ambiance of the beautiful hardwood floors that run throughout the home. The bedrooms come equipped with custom California closets, offering stylish and efficient storage solutions. The third bedroom has been thoughtfully transformed into a sophisticated home office, complete with custom cabinetry to cater to all your work-from-home needs. This penthouse is the perfect blend of contemporary elegance and comfort, providing an exceptional living experience. You must see this unit in person to truly appreciate its beauty. Schedule your showing today before it is gone.

Last Agent to Sell the Property

Gia Davis

Full Circle Real Estate Consulting LTD License #471014990 Listed on: 08/29/2024

Last Buyer's Agent

Jeff Arnold

Serene Realty, Inc. License #475195890

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,183

Year Built

  • Built in 2006

Lot Details

  • 3,920

HOA Fees

  • $225 Monthly HOA Fees

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 1,200 Sq Ft Home
  • 3-Story Property
  • Family Room
  • Living Room with Fireplace
  • Dining Room
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms
  • 2 Full Bathrooms

Parking

  • 2 Parking Spaces
  • Driveway
  • Uncovered Parking
  • Parking Included in Price

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Community Details

Overview

  • Association fees include water, scavenger
  • 3 Units
  • Patti Association

Pet Policy

  • Dogs and Cats Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,183

Year Built

Built in 2006

Lot Details

0

HOA Fees

$225 per month

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: Condo
  • Ownership: Condo
  • New Construction: No
  • Property Sub-Type: Condo
  • Year Built: 2006
  • Age: 16-20 Years
  • Built Before 1978 (Y/N): No
  • Disability Access and/or Equipped: No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Unit Floor Level: 3
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 3

Interior Features

  • Basement: None
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplaces: 1
  • LivingArea: 1200
  • Room Type: No additional rooms
  • Stories Total: 3
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: None
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Fireplace Location: Living Room
  • Total Sq Ft: 0

Exterior Features

  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • ParkingTotal: 2
  • Driveway: Asphalt
  • Parking: Space/s
  • Parking On-Site: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Natural Gas
  • Laundry Features: In Unit
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK
  • Association Fee: 225
  • Association Fee Frequency: Monthly
  • Master Association Fee Frequency: Not Required
  • Management Company: Self Managed
  • Management Contact Name: Patti
  • Management Phone: 999-999-9999
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Water, Scavenger

Lot Info

  • Lot Dimensions: CONDO
  • Rural (Y/N): N
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • Pets Allowed (Y/N): Yes
  • Is Parking Included in Price: Yes
  • Max Pet Weight: 999

Tax Info

  • Tax Annual Amount: 2183
  • Tax Year: 2022

Multi Family

  • Units in Building: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 29, 2024
Closed on
Sep 30, 2024
Sold by
Dougherty Patricia E
Bought by
Bennett Dia
Seller's Agent
Gia Davis
Full Circle Real Estate Consulting LTD
Buyer's Agent
Jeff Arnold
Serene Realty, Inc.
List Price
$260,000
Sold Price
$265,000
Premium/Discount to List
$5,000
1.92%
Views
15
Current Estimated Value
$271,894

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$6,894
Avg. Annual Appreciation
2.50%
Original Mortgage
$238,500
Outstanding Balance
$235,694
Interest Rate
5.75%
Mortgage Type
New Conventional
Estimated Equity
$36,200

Purchase Details

Closed on
Feb 1, 2001
Sold by
Berry Hill Construction Inc
Bought by
Dougherty Patricia E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,800
Interest Rate
6.27%
Mortgage Type
Construction
Source: Public Records

Range of Values:

Collateral Analytics

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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
Bennett Dia $265,000 First American Title
Bennett Dia $265,000 First American Title
Dougherty Patricia E $232,500 Pntn
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bennett Dia $238,500
Closed Bennett Dia $238,500
Previous Owner Dougherty Patricia E $220,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/03/2024 10/03/24 Sold $265,000 +1.9% $221 / Sq Ft
09/04/2024 09/04/24 Pending -- -- --
08/29/2024 08/29/24 For Sale $260,000 -- $217 / 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 $2,262 $17,891 $3,717 $14,174
2023 $2,183 $14,000 $3,717 $10,283
2022 $2,183 $14,000 $3,717 $10,283
2021 $2,152 $13,999 $3,716 $10,283
2020 $2,757 $15,477 $1,805 $13,672
2019 $2,740 $17,065 $1,805 $15,260
2018 $2,692 $17,065 $1,805 $15,260
2017 $2,467 $14,833 $1,486 $13,347
2016 $2,471 $14,833 $1,486 $13,347
2015 $2,237 $14,833 $1,486 $13,347
2014 $2,283 $14,871 $1,274 $13,597
2013 $2,226 $14,871 $1,274 $13,597
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2024

    Gia Davis

    Full Circle Real Estate Consulting LTD

    (800) 398-6552

    2 in this area

    27 Total Sales

    Gia Davis
    Section Image

  • J

    Buyer's Agent in 2024

    Jeff Arnold

    Serene Realty, Inc.

    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12150947

Midwest Real Estate Data (MRED)

APN: 20-10-301-078-1003

Illinois Cook County Chicago 60615 Washington Park

5224 S Michigan Ave Unit 3, Chicago, IL

This home is located at 5224 S Michigan Ave Unit 3, Chicago, IL 60615 since 29 August 2024 and is currently estimated at $271,894, approximately $226 per square foot. This property was built in 2006. 5224 S Michigan Ave Unit 3 is a home located in Cook County with nearby schools including Beethoven Elementary School, Wendell Phillips Academy High School, and Ace Amandla Charter High School.

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