NOT LISTED FOR SALE

531 W Addison St Unit 2N Chicago, IL 60613

Lakeview East Neighborhood

Estimated Value: $298,000 - $356,119

2 Beds
1 Bath
1,100 Sq Ft
$568/mo HOA Fee

Last Sold March 22, 2019

Last sale price $225,000 $205 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $2,874/month

100 Days on Market

Highlights

  • Landscaped Professionally
  • Deck
  • Walk-In Pantry
  • Nettelhorst Elementary School Rated A-
  • Wood Flooring
  • Entrance Foyer

About This Home

As of March 2019

One of the largest floor plans in the building! This second floor north facing condo is incredibly quiet, sunny, spacious and investor friendly! Located in highly desirable and vibrant East Lakeview. Dark hardwood Floors throughout welcome you to this urban yet vintage condo. Kitchen features tons of stunning 42" maple cabinets and gorgeous granite. Extra large living room & hard to come by generously sized separate dining room! Easy access to laundry/storage in lower level. Steps away from the lakefront bike path, tennis courts, golf course, dining, shopping & nightlife on Halsted & Clark St. Walk to Wrigley Field, Whole Foods, LSD buses & the Red Line. Garage rental parking options at 3550 LSD. Incredible space for the price point! Don't miss this fabulous home!

Last Agent to Sell the Property

Vincenza Moreci

RE/MAX Suburban License #475176683 Listed on: 10/26/2018

RE/MAX Suburban

Last Buyer's Agent

Jeffrey Kropp

HBA Realty License #471004271

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,208

Year Built

  • 1920

Lot Details

  • East or West Exposure
  • Landscaped Professionally

HOA Fees

  • $568 per month

Home Design

  • Brick Exterior Construction
  • Brick Foundation
  • Tar and Gravel Roof
  • Stone Siding

Interior Spaces

  • Entrance Foyer
  • Storage
  • Wood Flooring

Kitchen

  • Walk-In Pantry
  • Oven or Range
  • Microwave
  • Dishwasher

Home Security

Eco-Friendly Details

  • North or South Exposure

Outdoor Features

  • Deck
  • Outdoor Grill

Utilities

  • Two Cooling Systems Mounted To A Wall/Window
  • Radiator
  • Hot Water Heating System
  • Lake Michigan Water

Listing and Financial Details

  • Senior Tax Exemptions
  • Homeowner Tax Exemptions
  • Senior Freeze Tax Exemptions
  • $3,000 Seller Concession

Community Details

Pet Policy

  • Pets Allowed

Additional Features

  • Common Area
  • Storm Screens

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,208

Year Built

1920

Lot Details

0

HOA Fees

$568 per month

Listing Details

  • Property Type: Attached Single
  • Built Before 1978 (Y/N): Yes
  • Unit Floor Level: 2
  • Age: 91-100 Years
  • Full Bathrooms: 1
  • Ownership: Condo
  • Total Full or Half Bathrooms: 1
  • Estimated Year Built: 1920
  • Tax Exemptions: Homeowner, Senior, Senior Freeze
  • Type Attached: Condo, Courtyard, Low Rise (1-3 Stories), Vintage
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 3
  • Year Built: 1920

Interior Features

  • Interior Property Features: Hardwood Floors, Storage
  • Number Of Rooms: 5
  • Living Room: Dimensions: 25X14, On Level: Main Level, Flooring: Hardwood, Windows: Blinds
  • Appliances: Oven/Range, Microwave, Dishwasher, Refrigerator
  • Bedrooms All Levels: 2
  • Above Grade Bedrooms: 2
  • Dining Room: Dimensions: 18X10, On Level: Main Level, Flooring: Hardwood, Windows: Shades
  • Kitchen Type: Dimensions: 10X9, On Level: Main Level, Flooring: Hardwood, Windows: Blinds
  • Kitchen Type: Pantry-Closet
  • Additional Rooms: Foyer
  • Master Bedroom: Dimensions: 15X12, On Level: Main Level, Flooring: Hardwood
  • Additional Room 1 Name: Foyer, Dimensions: 8X5, On Level: Main Level, Flooring: Hardwood
  • Bedroom 2: Dimensions: 10X13, On Level: Main Level, Flooring: Hardwood
  • Estimated Sq Ft: 1100
  • Dining Room Type: Separate

Exterior Features

  • Foundation: Brick
  • Exterior Building Type: Brick, Stone
  • Roof Type: Tar and Gravel
  • Exterior Property Features: Deck, Storms/Screens, Outdoor Grill
  • Exposure: N (North), E (East)

Utilities

  • Air Conditioner: 2 (Window/Wall Unit)
  • Water: Lake Michigan, Public
  • Sewer: Sewer-Public
  • Heating Fuel: Hot Water/Steam, Radiators

Condo/Co-op/Association

  • Pets Allowed: Yes
  • Fee Frequency: Monthly
  • Management: Manager Off-site
  • Pet Information: Cats OK
  • Common Area Amenities: Bike Room/Bike Trails, Coin Laundry, Storage, Security Door Locks
  • Assessment Includes: Heat, Water, Common Insurance, Security, Security System, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal
  • Assessment Association Fees: 568
  • Management Contact Name: Steve
  • Management Phone: 312-666-0149

Fee Information

  • Management Company: Hales Property Management

Schools

  • School District: 299
  • Elementary School: Nettelhorst Elementary School
  • High School: Lake View High School
  • Junior High Dist: 299

Lot Info

  • Lot Dimensions: COMMON
  • Lot Description: Common Grounds, Landscaped Professionally
  • Parcel Identification Number: 14211110091002

Multi Family

  • Total Number Unitsin Building: 28
  • Number Stories: 3

Tax Info

  • Taxes: 3749.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 26, 2018
Closed on
Mar 14, 2019
Sold by
Backlund Patricia A
Bought by
Vargas Iliana Mariela
Seller's Agent
Vincenza Moreci
RE/MAX Suburban
Buyer's Agent
Jeffrey Kropp
HBA Realty
List Price
$234,900
Sold Price
$225,000
Premium/Discount to List
-$9,900
-4.21%
Current Estimated Value
$341,865

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$116,865
Avg. Annual Appreciation
6.57%
Original Mortgage
$202,500
Interest Rate
4.5%
Mortgage Type
New Conventional
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
Vargas Iliana Mariela $225,000 Precision Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vargas Iliana Mariela $190,295
Closed Vargas Iliana Mariela $190,295
Closed Vargas Iliana Mariela $202,500
Previous Owner Backlund Patricia A $30,200
Previous Owner Backlund Patricia A $65,600
Previous Owner Backlund Patricia A $26,000
Previous Owner Backlund Patricia A $70,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/22/2019 03/22/19 Sold $225,000 -4.2% $205 / Sq Ft
02/03/2019 02/03/19 Pending -- -- --
10/26/2018 10/26/18 For Sale $234,900 -- $214 / 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 $5,208 $32,132 $9,516 $22,616
2023 $5,055 $28,000 $7,674 $20,326
2022 $5,055 $28,000 $7,674 $20,326
2021 $4,961 $27,999 $7,673 $20,326
2020 $4,807 $24,682 $5,064 $19,618
2019 $5,432 $27,035 $5,064 $21,971
2018 $5,340 $27,035 $5,064 $21,971
2017 $3,377 $24,160 $4,450 $19,710
2016 $3,749 $24,160 $4,450 $19,710
2015 $3,603 $24,160 $4,450 $19,710
2014 $4,380 $26,173 $5,218 $20,955
2013 $4,282 $26,173 $5,218 $20,955
Source: Public Records

Agents Affiliated with this Home

  • Vincenza Moreci

    Seller's Agent in 2019

    Vincenza Moreci

    RE/MAX Suburban

    (847) 767-3443

    89 Total Sales

    Section Image
  • Jeffrey Kropp

    Buyer's Agent in 2019

    Jeffrey Kropp

    HBA Realty

    (773) 805-9305

    1 in this area

    78 Total Sales

    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10123330

Midwest Real Estate Data (MRED)

APN: 14-21-111-009-1002

Illinois Cook County Chicago 60613 Lakeview East

531 W Addison St Unit 2N, Chicago, IL

This home is located at 531 W Addison St Unit 2N, Chicago, IL 60613 since 26 October 2018 and is currently estimated at $332,530, approximately $302 per square foot. This property was built in 1920. 531 W Addison St Unit 2N is a home located in Cook County with nearby schools including Nettelhorst Elementary School, Lake View High School, and Bernard Zell Anshe Emet Day School.

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