NOT LISTED FOR SALE

5227 S Drexel Ave Unit 2 Chicago, IL 60615

Hyde Park Neighborhood

Estimated Value: $242,000 - $279,000

2 Beds
2 Baths
1,300 Sq Ft
0.28 Acres

Highlights

  • Courtyard
  • Resident Manager or Management On Site
  • 4-minute walk to Coleman (Bessie) Park
  • Kenwood Academy High School Rated A-
  • Combination Dining and Living Room

About This Home

As of November 2021

FURNISHED! This gorgeous 100+ year-old building was renovated in 2007. The wall-to-wall bay windows at tree-level provide TONS of natural light in all the rooms. The building is situated on a tranquil street with respectful neighbors. There is a gated courtyard. In the summers, opening the windows provides ample cross breezes and fresh air, but each bedroom is also fitted with a ceiling fan. There are both street views as well as views into a professionally landscaped courtyard.

Last Agent to Rent the Property

Chris Smith

Coldwell Banker Realty License #473013935 Listed on: 09/04/2021

Coldwell Banker Realty

Last Renter's Agent

Chris Smith

Coldwell Banker Realty License #473013935 Listed on: 09/04/2021

Coldwell Banker Realty

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,023

Year Built | Renovated

  • 1916 | 2014

Lot Details

  • 0.28

Home Design

  • Brick Exterior Construction

Interior Spaces

  • Dual Sinks
  • Combination Dining and Living Room

Outdoor Features

  • Courtyard

Listing and Financial Details

  • Security Deposit $1,950

Community Details

Pet Policy

  • No Pets Allowed

Additional Features

  • 20 Units
  • Resident Manager or Management On Site

Condo Details

Home Type

Condominium

Est. Annual Taxes

$4,023

Year Built | Renovated

1916 | 2014

Lot Details

0

Rental Info

  • Board Number: 8
  • Pets Allowed (Y/N): No
  • Type of Rental Property: Attached
  • Rental Price: 1950
  • Security Deposit: 1950
  • Fees/Approvals: Credit Report,Refundable Damage Deposit
  • Furnished Rent Rate: 1950
  • Available Date: 2021-09-15
  • Lease Term: Rent w/ Option

Listing Details

  • Property Type: Residential Lease
  • Property Type: Residential Lease
  • Type Attached: Condo,Courtyard
  • Property Sub Type: Attached
  • Age: Unknown
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: Commuter Bus,Non-Smoking Building,Non-Smoking Unit
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Unit Floor Level: 2
  • Rehab Year: 2014
  • Directions: 51ST EAST OR WEST TO DREXEL, SOUTH TO PROPERTY
  • Lot Size: 115X105
  • Special Features: None
  • Year Built (Public Record): 1916
  • Year Renovated: 2014

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator
  • Has Basement: None
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: None
  • Bathroom Amenities: Double Sink
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Combined w/ LivRm
  • Total Sq Ft: 0
  • Full Bathrooms: 2
  • Possible Bedrooms: 2
  • Total Bedrooms: 2
  • Furnished: Yes
  • Interior Amenities: Hardwood Floors, Laundry Hook-Up in Unit, Storage
  • Dining Room Type: No additional rooms
  • Stories: 3

Exterior Features

  • Exterior Features: Storms/Screens
  • Exterior Building Type: Brick
  • Lot Features: Fenced Yard
  • Waterfront: No

Garage/Parking

  • Number of Cars: 0
  • Parking: None

Utilities

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

Condo/Co-op/Association

  • Management: Manager Off-site
  • Amenities: Bike Room/Bike Trails, Storage
  • Pets Allowed: No
  • HOA Rent Includes: Water, Scavenger, Exterior Maintenance, Lawn Care, Storage Lockers, Snow Removal

Schools

  • Junior High Dist: 299

Lot Info

  • Rural (Y/N): N

Multi Family

  • Units in Building: 20

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 10, 2014
Sold by
Ayres Jennifer Ryan
Bought by
Nwabara Chisara
Current Estimated Value
$251,626

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$118,750
Outstanding Balance
$92,056
Interest Rate
4.25%
Mortgage Type
New Conventional
Estimated Equity
$159,570

Purchase Details

Closed on
Aug 13, 2007
Sold by
Drexel Properties Llc
Bought by
Ayres Jennifer Ryan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
6.69%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

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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
Nwabara Chisara $125,000 Proper Title Llc
Ayres Jennifer Ryan $250,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nwabara Chisara $118,750
Previous Owner Ayres Jennifer Ryan $250,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/03/2021 11/03/21 Rented -- -- --
10/29/2021 10/29/21 Under Contract -- -- --
09/04/2021 09/04/21 For Rent $1,950 -- --
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 $4,023 $22,499 $4,039 $18,460
2023 $3,908 $19,000 $3,257 $15,743
2022 $3,908 $19,000 $3,257 $15,743
2021 $3,820 $18,998 $3,256 $15,742
2020 $2,925 $13,131 $2,605 $10,526
2019 $2,873 $14,299 $2,605 $11,694
2018 $2,825 $14,299 $2,605 $11,694
2017 $2,678 $12,441 $2,149 $10,292
2016 $2,492 $12,441 $2,149 $10,292
2015 $2,280 $12,441 $2,149 $10,292
2014 $2,377 $12,811 $1,758 $11,053
2013 $2,330 $12,811 $1,758 $11,053
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11209501

Midwest Real Estate Data (MRED)

APN: 20-11-307-022-1019