NOT LISTED FOR SALE

523 N Racine Ave Unit 4 Chicago, IL 60642

West Town Neighborhood

Estimated Value: $482,000 - $541,000

2 Beds
2 Baths
1,500 Sq Ft
$197/mo HOA Fee

Last Sold May 30, 2023

Last sale price $472,500 $315 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $3,430/month

3 Days on Market

Highlights

  • Open Floorplan
  • Whirlpool Bathtub
  • Stainless Steel Appliances
  • Wood Flooring
  • Granite Countertops
  • 3-minute walk to Mineral Wells City Park

About This Home

As of May 2023

This stunning oversized penthouse condo with unobstructed skyline views from the generously sized back deck is ready for its new owners! With over 1500 sq. feet of living space, this is not your typical 2 bedroom Chicago condo. Extra-wide and with two exposures, the open layout is bathed in light by elegant arched windows in the front and two large sets of sliding doors in the back at all times of the day. Gaze at the sunset out your architectural arched windows from your kitchen, living room, and dining room while curled up in front of the fire, host your friends and family for dinner in your large dining area, and grill out on your extra long back deck with stunning views of the Willis (Sears) Tower. The updated kitchen with beautiful white cabinets (complete with new LED above cabinet lighting), granite counters, and an extra large kitchen island with seating for 6+ is the perfect place to entertain. Two large bedrooms with skyline views and sliding doors lead to the back deck are located in the rear of the condo. Enjoy an enormous primary suite with double sinks, a jetted soaking tub (hello bubble baths!), and a walk in shower. An exterior parking space and a side-by-side washer and dryer complete this magnificent home. Walk down the block to restaurants, shops, and everything the city has to offer.

Last Agent to Sell the Property

Jacqueline Patton

Baird & Warner License #475175723 Listed on: 04/27/2023

Baird & Warner

Last Buyer's Agent

David DuFault

Chicago Properties Firm License #475157182

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,744

Year Built

  • Built in 2004

Lot Details

  • 3,223

HOA Fees

  • $197 Monthly HOA Fees

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 1,500 Sq Ft Home
  • 4-Story Property
  • Open Floorplan
  • Ceiling height of 9 feet or more
  • Gas Log Fireplace
  • Window Treatments
  • Living Room with Fireplace
  • Dining Room
  • Wood Flooring

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Granite Countertops
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms
  • Dual Sinks
  • Whirlpool Bathtub
  • Separate Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 1 Parking Space
  • Uncovered Parking
  • Parking Included in Price

Outdoor Features

  • Balcony

Utilities

  • Forced Air Heating and Cooling System
  • Lake Michigan Water

Community Details

Overview

  • Association fees include water, parking, insurance, exterior maintenance, lawn care, scavenger, snow removal
  • 4 Units
  • Property managed by Self-Managed

Pet Policy

  • Dogs and Cats Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,744

Year Built

Built in 2004

Lot Details

0

HOA Fees

$197 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: 2004
  • 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: 4
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 4

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Disposal, Stainless Steel Appliance(s)
  • Basement: None
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplace Features: Gas Log, Gas Starter
  • Fireplaces: 1
  • Interior Amenities: Hardwood Floors, Laundry Hook-Up in Unit, Walk-In Closet(s), Ceiling - 9 Foot, Open Floorplan, Some Window Treatmnt, Dining Combo, Granite Counters
  • LivingArea: 1500
  • Room Type: Balcony/Porch/Lanai, Walk In Closet
  • Stories Total: 4
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: None
  • Bathroom Amenities: Whirlpool,Separate Shower,Double Sink,Soaking Tub
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Combined w/ LivRm
  • Total Sq Ft: 0
  • Fireplace Location: Living Room
  • Total Sq Ft: 0
  • Window Features: Window Treatments
  • Flooring: Hardwood
  • ResoLivingAreaSource: Estimated

Exterior Features

  • List Price: 474900
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • ParkingTotal: 1
  • Number of Cars: 1
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Forced Air
  • Laundry Features: In Unit, Laundry Closet
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK
  • Association Fee: 197
  • Association Fee Frequency: Monthly
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: Self-Managed
  • Management Contact Name: Self
  • Management Phone: 999-999-9999
  • ResoAssociationFeeFrequency: Monthly

Fee Information

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

Schools

  • Middle/Junior School District: 299

Lot Info

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

Rental Info

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

Tax Info

  • Tax Annual Amount: 5744.28
  • Tax Year: 2021
  • Tax Exemptions: None

Multi Family

  • Units in Building: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 27, 2023
Closed on
May 26, 2023
Sold by
Sayer William Michael
Bought by
Halliday Ryan and Leopold Allison
Seller's Agent
Jacqueline Patton
Baird & Warner
Buyer's Agent
David DuFault
Chicago Properties Firm
List Price
$474,900
Sold Price
$472,500
Premium/Discount to List
-$2,400
-0.51%
Views
13
Current Estimated Value
$509,069

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$36,569
Avg. Annual Appreciation
3.13%

Purchase Details

Listed on
Oct 5, 2022
Closed on
Nov 4, 2022
Sold by
Deegan Matthew T
Bought by
Sayer William Michael
Seller's Agent
Gerardo Garcia
@properties Christie's International Real Estate
Buyer's Agent
Jacqueline Patton
Baird & Warner
List Price
$425,000
Sold Price
$423,000
Premium/Discount to List
-$2,000
-0.47%
Views
61

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.29%
Original Mortgage
$338,400
Interest Rate
6.95%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 10, 2016
Closed on
Jul 13, 2016
Sold by
Bartlow Andrew
Bought by
Deegan Matthew T
Seller's Agent
Bonnie Tripton
@properties Christie's International Real Estate
Buyer's Agent
Saumya Gumidyala
Urban Living Properties, LLC
List Price
$399,000
Sold Price
$405,000
Premium/Discount to List
$6,000
1.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.70%
Original Mortgage
$303,750
Interest Rate
3.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 16, 2007
Sold by
Lewis Omar
Bought by
Bartlow Andrew

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$277,500
Interest Rate
6.23%
Mortgage Type
Unknown

Purchase Details

Closed on
Aug 19, 2005
Sold by
Tek Deborah
Bought by
Lewis Omar

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$311,200
Interest Rate
6.75%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Dec 13, 2004
Sold by
Prairie Bank & Trust Co
Bought by
Tek Deborah

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$314,000
Interest Rate
7.5%
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
Halliday Ryan $472,500 Attorneys Title Guaranty Fund
Sayer William Michael $423,000 Proper Title
Deegan Matthew T $405,000 Proper Title Llc
Bartlow Andrew $370,000 Multiple
Lewis Omar $389,000 First American Title Ins Co
Tek Deborah $349,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sayer William Michael $338,400
Previous Owner Deegan Matthew T $303,750
Previous Owner Bartlow Andrew $277,500
Previous Owner Lewis Omar $311,200
Previous Owner Tek Deborah $314,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/30/2023 05/30/23 Sold $472,500 -0.5% $315 / Sq Ft
05/01/2023 05/01/23 Pending -- -- --
04/27/2023 04/27/23 For Sale $474,900 +12.3% $317 / Sq Ft
11/09/2022 11/09/22 Sold $423,000 -0.5% $282 / Sq Ft View Prior Sale
10/11/2022 10/11/22 Pending -- -- --
10/05/2022 10/05/22 For Sale $425,000 +4.9% $283 / Sq Ft
08/02/2016 08/02/16 Sold $405,000 +1.5% $270 / Sq Ft View Prior Sale
06/14/2016 06/14/16 Pending -- -- --
06/10/2016 06/10/16 For Sale $399,000 -- $266 / 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 $6,750 $41,083 $6,027 $35,056
2023 $5,857 $31,897 $2,751 $29,146
2022 $5,857 $31,897 $2,751 $29,146
2021 $5,744 $31,896 $2,750 $29,146
2020 $6,858 $30,783 $2,750 $28,033
2019 $6,811 $33,900 $2,750 $31,150
2018 $6,696 $33,900 $2,750 $31,150
2017 $6,381 $29,640 $2,427 $27,213
2016 $5,937 $29,640 $2,427 $27,213
2015 $5,849 $31,920 $2,427 $29,493
2014 $4,859 $26,186 $2,062 $24,124
2013 $4,763 $26,186 $2,062 $24,124
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11769397

Midwest Real Estate Data (MRED)

APN: 17-08-237-040-1004