$450,000
SOLD JUL 25, 2025

531 N Racine Ave Unit 3 Chicago, IL 60642

West Town Neighborhood
2 Beds
2 Baths
1,560 Sq Ft
$100/mo HOA Fee

Recently Sold

$288 Per Sq Ft

2% Below List Price

18 Days on Market

Highlights

  • Wood Flooring
  • Balcony
  • Forced Air Heating and Cooling System
  • Stainless Steel Appliances
  • Laundry Room
  • 3-minute walk to Mineral Wells City Park

About This Home

As of July 2025

River West Living at Its Best - Bright 2BR Condo with Chef's Kitchen, Balconies & Parking- A Solid Opportunity!. The functional chef's kitchen offers 42" cabinets for great storage, stainless steel appliances, and an oversized granite peninsula that opens to a comfortable living/dining area with a cozy gas fireplace. Large west-facing windows provide beautiful sunset views. Both bedrooms feature east-facing balconies - perfect for enjoying your morning coffee. The primary bath includes a double vanity, soaking tub, and separate shower. In-unit washer/dryer and ample closet space throughout. Assigned parking with easy walk-up access included. Ideal location - steps to public transit, and minutes to Fulton Market, Randolph Street dining, farmers markets, and festivals. A well-maintained condo offering a great opportunity to add your personal updates. Don't miss this solid River West value!

Last Agent to Sell the Property

Cathrine Scratch

HomeSmart Connect LLC License #471022050 Listed on: 05/16/2025

HomeSmart Connect LLC

Last Buyer's Agent

Charles Arnold

Keller Williams ONEChicago License #475189470

Keller Williams ONEChicago

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $8,478

Year Built

  • Built in 2005

HOA Fees

  • $100 Monthly HOA Fees

Home Design

  • Brick Exterior Construction
  • Rubber Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,560 Sq Ft Home
  • 4-Story Property
  • Ceiling Fan
  • Fireplace With Gas Starter
  • Family Room
  • Living Room with Fireplace
  • Combination Dining and Living Room
  • Wood Flooring

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms
  • 2 Full Bathrooms
  • Dual Sinks
  • Separate Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

Parking

  • 1 Parking Space
  • Parking Included in Price
  • Assigned Parking

Outdoor Features

  • Balcony

Schools

  • Otis Elementary School
  • Wells Community Academy Senior H High School

Utilities

  • Forced Air Heating and Cooling System
  • Lake Michigan Water

Community Details

Overview

  • Association fees include insurance, exterior maintenance, lawn care, scavenger
  • 4 Units
  • Low-Rise Condominium

Pet Policy

  • Dogs and Cats Allowed

Security

  • Carbon Monoxide Detectors
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$8,478

Year Built

Built in 2005

Lot Details

0

HOA Fees

$100 per month

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: Condo,Low Rise (1-3 Stories)
  • Ownership: Condo
  • EntryLevel: 3
  • New Construction: No
  • Property Sub-Type: Condo,Low Rise (1-3 Stories)
  • Year Built: 2005
  • 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
  • New Construction Y/N: No
  • MRD_WaterViewYN: No
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 4

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Stainless Steel Appliance(s)
  • Basement: None
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplace Features: Gas Starter
  • Fireplaces: 1
  • Flooring: Hardwood
  • LivingArea: 1560
  • Other Equipment: Fire Sprinklers, CO Detectors, Ceiling Fan(s)
  • Room Type: No additional rooms
  • Stories Total: 4
  • Estimated Total Finished Sq Ft: 1560
  • Bathroom Amenities: Separate Shower,Double Sink
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Combined w/ LivRm
  • Total Sq Ft: 1560
  • Fireplace Location: Living Room
  • Total Sq Ft: 1560
  • Main Level Sq Ft: 1560
  • Flooring: Hardwood

Exterior Features

  • Construction Materials: Brick
  • ExteriorFeatures: Balcony
  • Foundation Details: Concrete Perimeter
  • List Price: 458000
  • Roof: Rubber
  • Waterfront: No

Garage/Parking

  • Parking Features: Assigned, On Site, Owned
  • ParkingTotal: 1

Utilities

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

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK
  • Association Fee: 100
  • Association Fee Frequency: Monthly
  • Management: Self-Management
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: SELF MANAGED
  • Management Contact Name: XXXXXXX
  • Management Phone: 000-000-0000

Fee Information

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

Schools

  • Elementary School: Otis Elementary School
  • High School: Wells Community Academy Senior H
  • Middle/Junior School: Otis Elementary School
  • Middle/Junior School District: 299

Lot Info

  • Lot Dimensions: COMMON
  • 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: 8478
  • Tax Year: 2023
  • Tax Exemptions: None

Multi Family

  • Units in Building: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 17, 2012
Closed on
Dec 7, 2012
Sold by
Atiyeh Shadia and Coram Jeremy
Bought by
Kalra Tara
Seller's Agent
Leigh Marcus
@properties Christie's International Real Estate
Buyer's Agent
Cathrine Scratch
HomeSmart Connect LLC
List Price
$313,000
Sold Price
$303,000
Premium/Discount to List
-$10,000
-3.19%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.39%
Original Mortgage
$287,850
Interest Rate
3.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 12, 2005
Sold by
Northside Community Bank
Bought by
Atiyeh Shadia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$297,600
Interest Rate
4.87%
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 Type Sale Price Title Company
Warranty Deed $303,000 North American Title
Deed $372,000 Gnt
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $287,850 New Conventional
Previous Owner $299,000 New Conventional
Previous Owner $297,600 Fannie Mae Freddie Mac
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/25/2025 07/25/25 Sold $450,000 -1.7% $288 / Sq Ft
06/03/2025 06/03/25 Pending -- -- --
05/16/2025 05/16/25 Price Changed $458,000 0.0% $294 / Sq Ft
05/16/2025 05/16/25 For Sale $458,000 0.0% $294 / Sq Ft
08/09/2024 08/09/24 Rented $3,000 0.0% --
08/06/2024 08/06/24 Under Contract -- -- --
07/25/2024 07/25/24 For Rent $3,000 +11.1% --
12/18/2022 12/18/22 Rented $2,700 -3.6% --
11/21/2022 11/21/22 Under Contract -- -- --
09/30/2022 09/30/22 For Rent $2,800 0.0% --
10/17/2021 10/17/21 Rented -- -- --
09/07/2021 09/07/21 For Rent $2,800 +7.7% --
04/24/2017 04/24/17 Under Contract -- -- --
04/24/2017 04/24/17 Rented $2,600 -3.7% --
03/06/2017 03/06/17 For Rent $2,700 0.0% --
05/15/2016 05/15/16 Rented $2,700 0.0% --
05/07/2016 05/07/16 For Rent $2,700 0.0% --
12/11/2012 12/11/12 Sold $303,000 -3.2% $194 / Sq Ft
10/29/2012 10/29/12 Pending -- -- --
09/24/2012 09/24/12 For Sale $313,000 +3.3% $201 / Sq Ft
08/25/2012 08/25/12 Off Market $303,000 -- --
07/27/2012 07/27/12 Price Changed $313,000 -3.7% $201 / Sq Ft
07/17/2012 07/17/12 For Sale $325,000 -- $208 / 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 $8,478 $41,725 $6,459 $35,266
2023 $8,240 $40,065 $2,948 $37,117
2022 $8,240 $40,065 $2,948 $37,117
2021 $8,056 $40,064 $2,947 $37,117
2020 $8,630 $38,738 $2,947 $35,791
2019 $8,571 $42,660 $2,947 $39,713
2018 $8,427 $42,660 $2,947 $39,713
2017 $6,964 $32,350 $2,600 $29,750
2016 $6,479 $32,350 $2,600 $29,750
2015 $5,928 $32,350 $2,600 $29,750
2014 $4,219 $22,741 $2,210 $20,531
2013 $4,136 $22,741 $2,210 $20,531
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12349437

Midwest Real Estate Data (MRED)

APN: 17-08-237-043-1003