NOT LISTED FOR SALE

531 W Addison St Unit 3N Chicago, IL 60613

Lakeview East Neighborhood

Estimated Value: $313,000 - $355,000

2 Beds
1 Bath
1,035 Sq Ft
$583/mo HOA Fee

Last Sold February 27, 2023

Last sale price $260,000 $251 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $2,873/month

Highlights

  • Lock-and-Leave Community
  • Wood Flooring
  • Formal Dining Room
  • Nettelhorst Elementary School Rated A-
  • End Unit
  • Intercom

About This Home

As of February 2023

Vintage walk up 2 bed 1 bath. Steps from the lake and a few blocks from Wrigley Field! Top floor end unit with a balcony creates the feel of a private penthouse. As you make your way through the foyer, you will notice the hardwood floors and natural light from the north facing bay windows. Massive living room perfect for large gatherings for game day! Make your way through the large dining room into the kitchen. Granite counters white shaker cabinets and breakfast bar make for the perfect layout for a dream kitchen remodel. Both bedrooms have space for a queen bed and furniture and substantial closet space. Window air conditioners and radiant heat keep you comfortable while the seasons change. Quick access to Lakeshore Drive, bus access outside the door and steps away from Waveland Park, Broadway, Halsted and Wrigleyville all have to offer. Bring your ideas and put this unit to work with massive potential for value add after minor renovations. No Rental cap and Investor friendly!

Last Agent to Sell the Property

Danny Lewis

Baird & Warner License #475126641 Listed on: 12/21/2022

Baird & Warner

Last Buyer's Agent

Nathan Elliott

Baird & Warner License #475169589

Baird & Warner

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,498

Lot Details

  • 0.36

HOA Fees

  • $583 Monthly HOA Fees

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 1,035 Sq Ft Home
  • 3-Story Property
  • Ceiling Fan
  • Entrance Foyer
  • Living Room
  • Formal Dining Room
  • Wood Flooring
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Intercom

Kitchen

  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms
  • 1 Full Bathroom

Utilities

  • One Cooling System Mounted To A Wall/Window
  • Radiator
  • Heating System Uses Steam

Additional Features

  • Courtyard
  • End Unit

Community Details

Overview

  • Association fees include heat, water, insurance, exterior maintenance, lawn care, scavenger, snow removal
  • 28 Units
  • Shawn Howard Association, Phone Number (773) 666-0149
  • Vintage Courtyard
  • Property managed by HALES Property Management
  • Lock-and-Leave Community

Amenities

  • Coin Laundry
  • Community Storage Space

Pet Policy

  • Cats Allowed

Security

  • Resident Manager or Management On Site
  • Storm Screens

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,498

Lot Details

0

HOA Fees

$583 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
  • Age: 51-60 Years
  • 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: 3
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 3

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator
  • Basement: Full
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 2
  • Interior Amenities: Hardwood Floors
  • LivingArea: 1035
  • Other Equipment: Intercom, Ceiling Fan(s)
  • Room Type: Foyer
  • Stories Total: 3
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: Unfinished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Separate
  • Total Sq Ft: 0
  • Total Sq Ft: 0
  • ResoLivingAreaSource: Estimated

Exterior Features

  • ExteriorFeatures: Storms/Screens, End Unit
  • List Price: 260000
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Number of Cars: 0
  • Parking: None

Utilities

  • Sewer: Public Sewer
  • Cooling: Window/Wall Unit - 1
  • Electric: Circuit Breakers
  • Heating: Steam, Radiator(s)
  • Water Source: Public

Condo/Co-op/Association

  • Pets Allowed: Cats OK
  • Association Fee: 583
  • Association Amenities: Coin Laundry, Storage, Security Door Lock(s)
  • Association Fee Frequency: Monthly
  • Management: Manager Off-site
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: HALES Property Management
  • Management Contact Name: Shawn Howard
  • Management Phone: 773-666-0149
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Heat, 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: 999

Tax Info

  • Tax Annual Amount: 5498.39
  • Tax Year: 2021
  • Tax Exemptions: None

Multi Family

  • Units in Building: 28

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 21, 2022
Closed on
Feb 15, 2023
Sold by
Harper Joseph Cole
Bought by
Elliott Nathan
Seller's Agent
Danny Lewis
Baird & Warner
Buyer's Agent
Nathan Elliott
Baird & Warner
List Price
$260,000
Sold Price
$260,000
Current Estimated Value
$328,307

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$68,307
Avg. Annual Appreciation
8.23%
Original Mortgage
$195,000
Outstanding Balance
$190,010
Interest Rate
6.63%
Mortgage Type
New Conventional
Estimated Equity
$125,562

Purchase Details

Closed on
Apr 24, 2007
Sold by
Carroll Sean M
Bought by
Harper Joseph Cole

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$27,000
Interest Rate
6.2%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Jun 14, 2004
Sold by
Chicago Title Land Trust Co
Bought by
Carroll Sean M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$206,400
Interest Rate
5.37%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Elliott Nathan $260,000 None Listed On Document
Harper Joseph Cole $270,000 First American Title
Carroll Sean M $258,000 Professional National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Elliott Nathan $195,000
Previous Owner Harper Joseph Cole $238,500
Previous Owner Harper Joseph Cole $244,100
Previous Owner Harper Joseph Cole $27,000
Previous Owner Harper Joseph Cole $216,000
Previous Owner Carroll Sean M $206,400
Closed Carroll Sean M $38,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/27/2023 02/27/23 Sold $260,000 0.0% $251 / Sq Ft
02/27/2023 02/27/23 For Sale $260,000 0.0% $251 / Sq Ft
12/07/2021 12/07/21 Rented -- -- --
10/11/2021 10/11/21 For Rent $1,850 +2.8% --
10/15/2016 10/15/16 Rented $1,800 0.0% --
09/30/2016 09/30/16 Under Contract -- -- --
09/13/2016 09/13/16 Price Changed $1,800 -2.7% $2 / Sq Ft
08/31/2016 08/31/16 Price Changed $1,850 -2.6% $2 / Sq Ft
08/16/2016 08/16/16 Price Changed $1,900 -5.0% $2 / Sq Ft
08/03/2016 08/03/16 For Rent $2,000 -- --
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 $5,907 $32,132 $9,516 $22,616
2023 $5,759 $28,000 $7,674 $20,326
2022 $5,759 $28,000 $7,674 $20,326
2021 $5,630 $27,999 $7,673 $20,326
2020 $5,498 $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 $5,201 $24,160 $4,450 $19,710
2016 $4,839 $24,160 $4,450 $19,710
2015 $4,427 $24,160 $4,450 $19,710
2014 $4,856 $26,173 $5,218 $20,955
2013 $4,760 $26,173 $5,218 $20,955
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11726758

Midwest Real Estate Data (MRED)

APN: 14-21-111-009-1003