NOT LISTED FOR SALE

524 W Cornelia Ave Unit 2S Chicago, IL 60657

Lakeview East Neighborhood

Estimated Value: $350,055

2 Beds
1 Bath
-- Sq Ft
$287/mo HOA Fee

Last Sold June 13, 2024

Last sale price $330,000

Est. 6% increase in value since last sale

Current estimated payment $2,686/month

29 Days on Market

Highlights

  • Wood Flooring
  • Whirlpool Bathtub
  • Courtyard
  • Nettelhorst Elementary School Rated A-
  • Intercom
  • Resident Manager or Management On Site

About This Home

As of June 2024

GREAT E. LAKEVIEW SPLIT 2 BED IN AN IDEAL LOCATION! THIS UNIT FEATURES CHERRY FLOORING THROUGHOUT, GRANITE COUNTERTOPS, 42" INCH CABINETS. LIVING ROOM HAS A GAS FIREPLACE & TRAY CEILINGS. BATHROOM COMPLETE WITH WHIRLPOOL TUB AND MARBLE SURROUND. RECESSED LIGHTING AND IN UNIT W/D. BUILDING HAS XTRA STORAGE AND BIKE ROOM. STEPS TO LAKE, CTA, SHOPS & RESTAURANTS!

Last Agent to Sell the Property

Michael Saladino

Keller Williams ONEChicago License #471019865 Listed on: 04/01/2024

Keller Williams ONEChicago

Co-Listed By

Poppy Akrabawi

Pyne Properties, LLC License #475140265

Last Buyer's Agent

Chad Schayes

@properties Christie's International Real Estate License #475176269

@properties Christie's International Real Estate

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,212

Year Built

  • 1922

Lot Details

  • 0.36

HOA Fees

  • $287 Monthly HOA Fees

Home Design

  • Brick Exterior Construction
  • Rubber Roof

Interior Spaces

  • 3-Story Property
  • Ceiling Fan
  • Gas Log Fireplace
  • Living Room with Fireplace
  • Combination Dining and Living Room
  • Storage
  • Wood Flooring
  • Intercom

Kitchen

  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms
  • 1 Full Bathroom
  • Whirlpool Bathtub

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Courtyard

Utilities

  • Forced Air Heating and Cooling System
  • Humidifier
  • Heating System Uses Natural Gas
  • 100 Amp Service
  • Lake Michigan Water
  • Cable TV Available

Listing and Financial Details

  • Homeowner Tax Exemptions

Community Details

Overview

  • Association fees include water, insurance, exterior maintenance, lawn care, scavenger, snow removal
  • 28 Units
  • Rosen Association, Phone Number (773) 313-0025
  • Cornelia By The Lake Subdivision
  • Property managed by Rosen Management

Amenities

  • Community Storage Space

Pet Policy

  • Pets up to 50 lbs
  • Dogs and Cats Allowed

Security

  • Resident Manager or Management On Site
  • Carbon Monoxide Detectors

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,212

Year Built

1922

Lot Details

0

HOA Fees

$287 per month

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: Condo,Courtyard,Vintage
  • Ownership: Condo
  • New Construction: No
  • Property Sub-Type: Condo,Courtyard,Vintage
  • Subdivision Name: Cornelia by the Lake
  • Age: Unknown
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Unit Floor Level: 2
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 3
  • Year Built (Public Record): 1922

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer
  • Basement: None
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace Features: Gas Log
  • Fireplaces: 1
  • Interior Amenities: Hardwood Floors, Laundry Hook-Up in Unit, Storage
  • Other Equipment: Humidifier, TV-Cable, Intercom, CO Detectors, Ceiling Fan(s)
  • Room Type: No additional rooms
  • Stories Total: 3
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: None
  • Bathroom Amenities: Whirlpool
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Combined w/ LivRm
  • Total Sq Ft: 0
  • Fireplace Location: Living Room
  • Total Sq Ft: 0

Exterior Features

  • List Price: 345000
  • Roof: Rubber
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Parking: None

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Electric: Circuit Breakers, 100 Amp Service
  • Heating: Natural Gas, Forced Air
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK
  • Association Fee: 287
  • Association Amenities: Storage
  • Association Fee Frequency: Monthly
  • Management: Manager On-site
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: Rosen Management
  • Management Contact Name: Rosen
  • Management Phone: 773-313-0025
  • ResoAssociationFeeFrequency: Monthly

Fee Information

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

Schools

  • Middle/Junior School District: 299

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: COMMON
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Pets Allowed (Y/N): Yes
  • Is Parking Included in Price: No
  • Max Pet Weight: 50

Tax Info

  • Tax Annual Amount: 5212
  • Tax Year: 2022
  • Tax Exemptions: Homeowner

Multi Family

  • Units in Building: 28

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 1, 2024
Closed on
Jun 7, 2024
Sold by
Welsh John B and Arredondo Edgar L
Bought by
Helms Ian Matthwe
Seller's Agent
Michael Saladino
Keller Williams ONEChicago
Buyer's Agent
Chad Schayes
@properties Christie's International Real Estate
List Price
$345,000
Sold Price
$330,000
Premium/Discount to List
-$15,000
-4.35%
Total Days on Market
29
Views
57
Current Estimated Value
$350,055

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$20,055
Avg. Annual Appreciation
6.21%
Original Mortgage
$297,000
Outstanding Balance
$294,563
Interest Rate
7.13%
Mortgage Type
New Conventional
Estimated Equity
$55,492

Purchase Details

Closed on
May 24, 2006
Sold by
522 & 30 W Cornelia Llc
Bought by
Welsh John B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$227,900
Interest Rate
6.37%
Mortgage Type
Fannie Mae Freddie Mac
Source: Public Records

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Range of Values:

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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
Helms Ian Matthwe $330,000 None Listed On Document
Welsh John B $285,000 Multiple
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Helms Ian Matthwe $297,000
Previous Owner Welsh John B $252,508
Previous Owner Welsh John B $279,812
Previous Owner Welsh John B $227,900
Previous Owner Welsh John B $42,700
Previous Owner Suffredin Larry $188,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/13/2024 06/13/24 Sold $330,000 -4.3% --
05/01/2024 05/01/24 Pending -- -- --
04/01/2024 04/01/24 For Sale $345,000 -- --
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 $5,212 $31,422 $6,408 $25,014
2023 $5,212 $28,760 $5,167 $23,593
2022 $5,212 $28,760 $5,167 $23,593
2021 $5,113 $28,759 $5,167 $23,592
2020 $4,835 $24,805 $3,410 $21,395
2019 $4,770 $27,169 $3,410 $23,759
2018 $4,688 $27,169 $3,410 $23,759
2017 $3,984 $21,880 $2,997 $18,883
2016 $3,882 $21,880 $2,997 $18,883
2015 $3,529 $21,880 $2,997 $18,883
2014 $3,096 $19,256 $2,454 $16,802
2013 $3,024 $19,256 $2,454 $16,802
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12018189

Midwest Real Estate Data (MRED)

APN: 14-21-112-016-1008