Seller's Agent in 2023
Douglas Smith
@ Properties
(773) 531-0794
4 in this area
52 Total Sales
54 E Elm St Chicago, IL 60611
Gold Coast NeighborhoodEstimated Value: $2,290,793 - $2,825,000
4
Beds
3.5
Baths
4,650
Sq Ft
$556/Sq Ft
Est. Value
Highlights
- Rooftop Deck
- 5-minute walk to Clark/Division Station
- Community Lake
- Lincoln Park High School Rated A
- Landscaped Professionally
- 4-minute walk to Mariano (Louis) Park
About This Home
As of February 2023HISTORICAL ELM STREET IS A NEIGHBORHOOD IN AND OF ITSELF. QUIETLY TUCKED AWAY AND HIDDEN AMONG MATURE TREES YET STEPS FROM MICHIGAN AVENUE, RUSH ST AND THE BEACH/LAKE. THIS BEAUTIFULLY RENOVATED HOME CUSTOM DESIGNED BY MICHAEL ABRAMS INTERIORS IS FILLED WITH SUMPTUOUS FABRICS AND FINISHES. THE HOME FEATURES 11FT CEILINGS, A 1.5 CAR ATTACHED, HEATED GARAGE, INVITING FOYER LEADING TO AN OPEN LIVING ROOM & DINING WITH DETAILED MOLDINGS AND FIREPLACES. AMAZING EAT-IN CHEF'S KITCHEN WITH COMMERCIAL GRADE APPLIANCES LEADING TO A LIGHT-FILLED GREAT ROOM WITH MASSIVE SKYLIGHT. 2ND FLOOR FEATURES A LUXURIOUS MASTER SUITE AND LIBRARY THAT WALKS OUT TO A LUSHLY LANDSCAPED DECK. THE TOP FLOOR SHOWCASES TWO ADDITIONAL LARGE BEDROOMS WITH NEW STUNNING BATHROOM. LOWER LEVEL INCLUDES A 4TH BEDROOM, FULL BATHROOM, LAUNDRY/CRAFT ROOM, FAMILY/ REC ROOM PLUS MUDROOM. EVERY INCH OF THIS HOME IS DESIGNED WITH BEST MATERIALS AND FINISHES. A TRUE GEM!
Last Agent to Sell the Property
@properties Christie's International Real Estate License #475122275 Listed on: 08/05/2022
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $40,124
Year Built
- Built in 1888 | Remodeled in 2019
Lot Details
- 1,734 Sq Ft Lot
- Lot Dimensions are 17x104
- Landscaped Professionally
Parking
- 1.5 Car Attached Garage
- Garage Door Opener
- Shared Driveway
- Parking Included in Price
Home Design
- Greystone Architecture
- Stone Foundation
- Rubber Roof
- Concrete Perimeter Foundation
Interior Spaces
- 4,650 Sq Ft Home
- 3-Story Property
- Skylights
- Decorative Fireplace
- Gas Log Fireplace
- Plantation Shutters
- Blinds
- Drapes & Rods
- Mud Room
- Great Room
- Family Room
- Living Room with Fireplace
- 5 Fireplaces
- Combination Dining and Living Room
- Den
- Recreation Room
- Wood Flooring
- Home Security System
Kitchen
- Double Oven
- Range
- Microwave
- High End Refrigerator
- Dishwasher
- Stainless Steel Appliances
- Disposal
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Potential Bedrooms
- Fireplace in Primary Bedroom
- Walk-In Closet
- Dual Sinks
- Whirlpool Bathtub
- Steam Shower
- Separate Shower
Laundry
- Laundry Room
- Dryer
- Washer
- Sink Near Laundry
Finished Basement
- English Basement
- Basement Fills Entire Space Under The House
- Exterior Basement Entry
- Finished Basement Bathroom
Outdoor Features
- Rooftop Deck
- Terrace
Location
- Property is near park
Schools
- Ogden Elementary
- Lincoln Park High School
Utilities
- Forced Air Zoned Heating and Cooling System
- Humidifier
- Heating System Uses Natural Gas
- Individual Controls for Heating
- Lake Michigan Water
- Cable TV Available
Listing and Financial Details
- Homeowner Tax Exemptions
Community Details
Overview
- Community Lake
Recreation
- Tennis Courts
- Community Pool
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 5, 2022
Closed on
Feb 8, 2023
Sold by
Shery L Cotton Revocable Trust
Bought by
54 East Elm Street Llc
Seller's Agent
Douglas Smith
@properties Christie's International Real Estate
Buyer's Agent
Eugene Fu
@properties Christie's International Real Estate
List Price
$3,150,000
Sold Price
$2,650,000
Premium/Discount to List
-$500,000
-15.87%
Views
26
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$63,802
Avg. Annual Appreciation
-0.79%
Purchase Details
Listed on
Nov 11, 2019
Closed on
Feb 4, 2020
Sold by
Chicago Title Land Trust Company
Bought by
Cotton Sherry L and The Sherry L Cotton Revocable Trust
Seller's Agent
Jeffrey Lowe
Compass
Buyer's Agent
Douglas Smith
@properties Christie's International Real Estate
List Price
$2,650,000
Sold Price
$2,500,000
Premium/Discount to List
-$150,000
-5.66%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.95%
Purchase Details
Closed on
Jul 13, 2015
Sold by
Richards Geoffrey A
Bought by
Chicago Title Land Trust Company and Trust #8002368484
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,900,000
Interest Rate
4.12%
Mortgage Type
New Conventional
Purchase Details
Closed on
Nov 10, 2008
Sold by
Taetle Adam and Taetle Andrea West
Bought by
Richards Geoffrey A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Interest Rate
5.11%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Mar 26, 2002
Sold by
Hammerman Alan H and Long John S
Bought by
Taetle Adam and Taetle Andrea West
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
6.12%
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| 54 East Elm Street Llc | $2,650,000 | Chicago Title | |
| Cotton Sherry L | $2,500,000 | Near North National Title | |
| Chicago Title Land Trust Company | $2,375,000 | First American Title Ins Co | |
| Richards Geoffrey A | $2,000,000 | Ticor Title | |
| Taetle Adam | $1,750,000 | First American Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Chicago Title Land Trust Company | $1,900,000 | |
| Previous Owner | Richards Geoffrey A | $1,500,000 | |
| Previous Owner | Taetle Adam | $1,000,000 | |
| Closed | Taetle Adam | $400,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 02/14/2023 02/14/23 | Sold | $2,650,000 | -11.5% | $570 / Sq Ft | |
| 01/16/2023 01/16/23 | Pending | -- | -- | -- | |
| 09/09/2022 09/09/22 | Price Changed | $2,995,000 | -4.9% | $644 / Sq Ft | |
| 08/05/2022 08/05/22 | For Sale | $3,150,000 | +26.0% | $677 / Sq Ft | |
| 02/10/2020 02/10/20 | Sold | $2,500,000 | -5.7% | $538 / Sq Ft | View Prior Sale |
| 01/05/2020 01/05/20 | Pending | -- | -- | -- | |
| 11/11/2019 11/11/19 | For Sale | $2,650,000 | -- | $570 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
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 |
|---|---|---|---|---|
| 2025 | $40,510 | $263,000 | $53,810 | $209,190 |
| 2024 | $40,510 | $263,000 | $53,810 | $209,190 |
| 2023 | $39,491 | $192,000 | $43,325 | $148,675 |
| 2022 | $39,491 | $192,000 | $43,325 | $148,675 |
| 2021 | $38,609 | $192,000 | $43,325 | $148,675 |
| 2020 | $40,127 | $183,230 | $30,327 | $152,903 |
| 2019 | $39,326 | $199,164 | $30,327 | $168,837 |
| 2018 | $38,663 | $199,164 | $30,327 | $168,837 |
| 2017 | $34,442 | $163,370 | $24,262 | $139,108 |
| 2016 | $33,563 | $170,070 | $24,262 | $145,808 |
| 2015 | $30,684 | $170,070 | $24,262 | $145,808 |
| 2014 | $29,673 | $162,500 | $20,796 | $141,704 |
| 2013 | $29,076 | $162,500 | $20,796 | $141,704 |
Source: Public Records
Agents Affiliated with this Home
-
Douglas Smith
-
Eugene Fu
Buyer's Agent in 2023
Eugene Fu
@ Properties
(312) 804-3738
15 in this area
402 Total Sales
-
Max Austin-Williams
Buyer Co-Listing Agent in 2023
Max Austin-Williams
@ Properties
(312) 385-9252
1 in this area
15 Total Sales
-
Jeffrey Lowe
Seller's Agent in 2020
Jeffrey Lowe
Compass
(312) 883-3030
67 in this area
1,046 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11484301
APN: 17-03-200-047-0000
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Based on information submitted to the MLS GRID
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