NOT LISTED FOR SALE

5227 S Dorchester Ave Unit 1N Chicago, IL 60615

Hyde Park Neighborhood

Estimated Value: $277,000 - $356,621

3 Beds
2 Baths
2,100 Sq Ft
$500/mo HOA Fee

Last Sold December 04, 2020

Last sale price $187,000 $89 Per Sq Ft

Est. 77% increase in value since last sale

Current estimated payment $2,901/month

46 Days on Market

Highlights

  • Property is near a bus stop
  • 5-minute walk to 53Rd Street Hyde Park Station
  • 3-minute walk to Spruce Park
  • Kenwood Academy High School Rated A-
  • Hot Water Heating System

About This Home

As of December 2020

Opportunity to Rehab a large 3 Bedroom, 2 Bath Condo Unit in smaller beautiful Vintage Building in Hyde Park. Hot Hot neighborhood! Unit has great space and potential. Rehab and live in the unit or rehab to sell. Features a formal Dining Room, some original Built-in Cabinetry and the rear porch overlooks the yard. Close to Shopping, Dining, Schools, Transportation and Parks.

Last Agent to Sell the Property

Arthur Cirignani

Chicago Realty Partners, Ltd License #471005369 Listed on: 09/03/2020

Last Buyer's Agent

Candace Montgomery

Keller Williams ONEChicago License #475186901

Keller Williams ONEChicago

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $7,199

Year Built

  • 1924

Lot Details

  • 7,492

HOA Fees

  • $500 per month

Home Design

  • Brick Exterior Construction

Utilities

  • Hot Water Heating System
  • Heating System Uses Gas
  • Lake Michigan Water

Additional Features

  • Primary Bathroom is a Full Bathroom
  • Property is near a bus stop

Community Details

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$7,199

Year Built

1924

Lot Details

0

HOA Fees

$500 per month

Listing Details

  • Property Type: Attached Single
  • Built Before 1978 (Y/N): Yes
  • General Information: Commuter Bus
  • Unit Floor Level: 1
  • Age: 91-100 Years
  • Full Bathrooms: 2
  • Number Interior Fireplaces: 1
  • Ownership: Condo
  • Total Full or Half Bathrooms: 2
  • Estimated Year Built: 1924
  • Type Attached: Condo
  • Special Features: 20
  • Property Sub Type: Condos
  • Stories: 3
  • Year Built: 1924

Interior Features

  • Number Of Rooms: 7
  • Living Room: Dimensions: 14X17, On Level: Main Level
  • Fireplace Location: Living Room
  • Bedrooms All Levels: 3
  • Primary Bedroom Bath: Full
  • Above Grade Bedrooms: 3
  • Dining Room: Dimensions: 14X17, On Level: Main Level
  • Kitchen Type: Dimensions: 11X13, On Level: Main Level
  • Additional Rooms: No additional rooms
  • Master Bedroom: Dimensions: 13X14, On Level: Main Level
  • Bedroom 2: Dimensions: 12X13, On Level: Main Level
  • Bedroom 3: Dimensions: 8X10, On Level: Main Level
  • Dining Room Type: Separate
  • Family Room: Dimensions: 10X14, On Level: Main Level

Exterior Features

  • Exterior Building Type: Brick

Utilities

  • Water: Lake Michigan, Public
  • Sewer: Sewer-Public
  • Heating Fuel: Gas, Hot Water/Steam

Condo/Co-op/Association

  • Max Pet Weight: 50
  • Pets Allowed: Yes
  • Fee Frequency: Monthly
  • Pet Information: Cats OK, Dogs OK
  • Assessment Includes: Heat, Water, Common Insurance, Exterior Maintenance, Lawn Care, Scavenger
  • Special Assessments: U
  • Assessment Association Fees: 500
  • Management Contact Name: Wally
  • Management Phone: 773-363-6200

Fee Information

  • Management Company: McKey & Poague

Schools

  • School District: 299
  • Junior High Dist: 299

Lot Info

  • Lot Dimensions: COMMON
  • Parcel Identification Number: 20114100261001

Multi Family

  • Total Number Unitsin Building: 6
  • Number Stories: 3

Tax Info

  • Taxes: 5989.41

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 3, 2020
Closed on
Nov 12, 2020
Sold by
U S Bank National Association
Bought by
Doi Xella
Seller's Agent
Arthur Cirignani
Chicago Realty Partners, Ltd
Buyer's Agent
Candace Montgomery
Keller Williams ONEChicago
List Price
$175,000
Sold Price
$187,000
Premium/Discount to List
$12,000
6.86%
Current Estimated Value
$330,405

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$143,405
Avg. Annual Appreciation
12.84%

Purchase Details

Closed on
Jan 29, 2020
Sold by
Aragon Anais
Bought by
U S Bank Naional Association and Angel Oak Mortgage Trust 1 Llc 2018 Pb1

Purchase Details

Closed on
Jul 3, 2017
Sold by
Investquest Partners Holdings Inc
Bought by
24 Hour Title Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$253,549
Interest Rate
18%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Mar 17, 2017
Sold by
Magrathea World Holdings Llc Series 3
Bought by
Invesquest Partners Holdings Inc

Purchase Details

Closed on
Feb 27, 2017
Sold by
Sherpa Capital Group Llc
Bought by
Magrathea World Holdings Llc

Purchase Details

Closed on
Sep 26, 2016
Sold by
Perfect Day Inc
Bought by
Sherpa Capital Group Llc

Purchase Details

Closed on
Jan 20, 2011
Sold by
Buntic Victor E
Bought by
The Chicago Trust Company Na and Trust #Bev-3392

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$79,000
Interest Rate
3.9%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 22, 2007
Sold by
Moton Steven T
Bought by
Buntic Victor E

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
6.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 30, 2006
Sold by
Davis Shirley M
Bought by
Moton Steve T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$64,000
Interest Rate
6.72%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Dec 15, 2000
Sold by
Lasalle Bank National Assn
Bought by
Davis Shirley

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
7.22%
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
Doi Xella $187,000 Attorney
U S Bank Naional Association -- None Available
24 Hour Title Inc -- National Title Solutions Inc
Invesquest Partners Holdings Inc -- Attorney
Magrathea World Holdings Llc $150,000 Chicago Title
Sherpa Capital Group Llc -- None Available
The Chicago Trust Company Na $135,000 Premier Title
Buntic Victor E $350,000 First American Title Ins Co
Moton Steve T $320,000 Chicago Title Insurance Co
Davis Shirley $110,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 24 Hour Title Inc $253,549
Previous Owner The Chicago Trust Company Na $79,000
Previous Owner Buntic Victor E $350,000
Previous Owner Moton Steve T $64,000
Previous Owner Moton Steve T $256,000
Previous Owner Davis Shirley $208,000
Previous Owner Davis Shirley $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/04/2020 12/04/20 Sold $187,000 +16.9% $89 / Sq Ft
10/19/2020 10/19/20 Pending -- -- --
10/02/2020 10/02/20 Price Changed $159,900 -8.6% $76 / Sq Ft
09/03/2020 09/03/20 For Sale $175,000 -- $83 / 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 $7,199 $23,230 $7,750 $15,480
2023 $6,993 $34,000 $6,250 $27,750
2022 $6,993 $34,000 $6,250 $27,750
2021 $6,837 $33,998 $6,249 $27,749
2020 $6,099 $27,376 $4,999 $22,377
2019 $5,989 $29,811 $4,999 $24,812
2018 $5,889 $29,811 $4,999 $24,812
2017 $3,150 $18,007 $4,124 $13,883
2016 $3,106 $18,007 $4,124 $13,883
2015 $3,644 $22,509 $4,124 $18,385
2014 $4,135 $24,853 $3,374 $21,479
2013 $4,520 $24,853 $3,374 $21,479
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10845964

Midwest Real Estate Data (MRED)

APN: 20-11-410-026-1001