NOT LISTED FOR SALE

525 E Chicago St Unit 503 Milwaukee, WI 53202

Historic Third Ward Neighborhood

Estimated Value: $259,000 - $319,000

1 Bed
1 Bath
813 Sq Ft
-- Built

Sale Details

Date Sold: May 14, 2020

Last sale price $210,000 $258 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $1,949 / mo

Highlights

  • 24-Hour Security
  • Open Floorplan
  • 1 Car Attached Garage
  • Golda Meir School Rated A-
  • Property is near public transit
  • 5-minute walk to Catalano Square

About This Home

As of May 2020

Presenting Historic Third Ward living at its Finest! This Exquisite 1-Bedroom Condo boasts a stunning north-eastern view of lake Michigan and the heart of Milwaukee skyline & calatrava. Oversized industrial windows and soaring concrete ceilings give this open-concept loft the feel of contemporary sophistication that will impress even your most refined buyers. Additional Features Include : Hardwood Floors throughout, Granite Counters & SS Appliances, In-unit laundry, private storage, underground parking & so much more. Enjoy all of the shopping, dining & nightlife that living in the Third Ward has to Offer. This is the first unit in coveted 'Warehouse 525' to turn over in more than 2 years. Don't miss your chance! One underground parking space rented for $160/month

Last Buyer's Agent

Jenna Johanning

Compass RE WI-Tosa License #77041-94

Compass RE WI-Tosa

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,575

Parking

  • 1 Car Attached Garage

Home Design

  • Brick Exterior Construction
  • Poured Concrete

Interior Spaces

  • 813 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Stone Flooring

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Basement Ceilings are 8 Feet High

Accessible Home Design

  • Level Entry For Accessibility
  • Ramp on the garage level
  • Accessible Ramps

Location

  • Property is near public transit

Listing and Financial Details

  • Exclusions: Sellers' personal property
  • Assessor Parcel Number 3960380000

Community Details

Overview

  • Property has a Home Owners Association
  • Association fees include snow removal, common area maintenance, replacement reserve, common area insur

Security

  • 24-Hour Security

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,575

Lot Details

0 Sq Ft Lot

Parking

1

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Condominium
  • Inclusions: Oven/Range, Refrigerator, Dishwasher, microwave, Washer/Dryer, Window Treatments
  • Directions: Take Milwaukee Street & go East onto Chicago ST To Condo Building. Kiddie Corner from Italian Community Center.
  • Unit Levels: One
  • General Property Information:Condominium Name: Warehouse 525
  • Property Information:Est Total Sq Ft: 813
  • Special Features: None

Interior Features

  • Appliances: Oven/Range, Refrigerator, Disposal, Dishwasher, Microwave
  • Accessibility Features: Level Drive, Ramped or Level from Garage, Ramped or Level Entrance, Open Floor Plan, Full Bath on Main Level, Bedroom on Main Level, Laundry on Main Level
  • Has Basement: None, 8+ Ceiling, Poured Concrete, Walk Out/Outer Door, Full
  • Full Bathrooms: 1
  • Total Bedrooms: 1

Exterior Features

  • Exclusions: Sellers' personal property
  • Construction Type: Brick, Stone

Garage/Parking

  • Garage Spaces: 1
  • Garage Type: Attached

Utilities

  • Sewer: Municipal Sewer

Condo/Co-op/Association

  • Amenities: Elevator(s), Security, Near Public Transit
  • Association Fee: 233
  • Association: Yes

Fee Information

  • Association Fee Includes: Snow Removal, Common Area Maint, Replacement Reserve, Common Area Insur

Schools

  • Junior High Dist: Milwaukee

Lot Info

  • Parcel #: 3960380000

Tax Info

  • Tax Annual Amount: 4574.64
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 7, 2023
Sold by
Behling Alexander
Bought by
Friesch David
Current Estimated Value
$281,818

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$244,800
Outstanding Balance
$237,520
Interest Rate
6.43%
Mortgage Type
New Conventional
Estimated Equity
$44,298

Purchase Details

Listed on
Mar 27, 2020
Closed on
May 12, 2020
Sold by
Weber Kristen A
Bought by
Behling Alexander
Buyer's Agent
Jenna Johanning
Compass RE WI-Tosa
List Price
$209,900
Sold Price
$210,000
Premium/Discount to List
$100
0.05%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.09%
Original Mortgage
$172,200
Interest Rate
3.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 11, 2017
Sold by
Weber Kristen A
Bought by
Weber Kari

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,000
Interest Rate
4.02%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 27, 2017
Sold by
Michaels Group Holding
Bought by
Weber Kristen A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,000
Interest Rate
4.02%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 16, 2014
Sold by
Wilbraham Thomas F and Kocsovsky Frank Wade
Bought by
Michaels Group Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,000
Interest Rate
4.28%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jul 28, 2008
Sold by
525 Chicago Llc
Bought by
Wilbraham Thomas F and Koesovsky Frank Wade

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$119,900
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Friesch David $272,000 None Listed On Document
Behling Alexander $210,000 None Available
Weber Kari -- None Available
Weber Kristen A $180,000 None Available
Michaels Group Holdings Llc $154,500 None Available
Wilbraham Thomas F $199,900 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Friesch David $244,800
Previous Owner Behling Alexander $172,200
Previous Owner Weber Kristen A $144,000
Previous Owner Michaels Group Holdings Llc $116,000
Previous Owner Wilbraham Thomas F $119,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/14/2020 05/14/20 Sold $210,000 0.0% $258 / Sq Ft
03/27/2020 03/27/20 Pending -- -- --
03/27/2020 03/27/20 For Sale $209,900 -- $258 / Sq Ft
Source: Metro MLS

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 $5,333 $236,400 $9,700 $226,700
2023 $4,960 $209,900 $6,500 $203,400
2022 $4,925 $209,900 $6,500 $203,400
2021 $4,699 $181,500 $6,500 $175,000
2020 $4,674 $181,500 $6,500 $175,000
2019 $4,575 $174,800 $6,500 $168,300
2018 $4,456 $174,800 $6,500 $168,300
2017 $4,699 $174,800 $6,500 $168,300
2016 $4,534 $160,600 $6,500 $154,100
2015 -- $154,500 $6,500 $148,000
2014 -- $160,600 $6,500 $154,100
2013 -- $179,500 $6,500 $173,000
Source: Public Records

Agents Affiliated with this Home

  • Jenna Johanning

    Buyer's Agent in 2020

    Jenna Johanning

    Compass RE WI-Tosa

    (608) 212-5010

    3 in this area

    148 Total Sales

    Jenna Johanning
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Map

Source: Metro MLS

MLS Number: 1682904

Metro MLS

APN: 396-0380-000-5

Wisconsin Milwaukee County Milwaukee 53202 Historic Third Ward

525 E Chicago St Unit 503, Milwaukee, WI

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