NOT LISTED FOR SALE

Park Tower Market 5415 N Sheridan Rd Unit 5502 Chicago, IL 60640

Edgewater Neighborhood

Estimated Value: $189,000 - $243,000

1 Bed
1 Bath
820 Sq Ft
$720/mo HOA Fee

Last Sold March 22, 2021

Last sale price $162,500 $198 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $2,131/month

97 Days on Market

Highlights

  • Lake Front
  • Main Floor Bedroom
  • Attached Garage
  • In Ground Pool
  • Galley Kitchen
  • Breakfast Bar

About This Home

As of March 2021

TOP FLOOR EAST FACING LAKE VIEW CONDO. BREATHTAKING VIEWS HIGH ABOVE OVERLOOKING LAKE MICHIGAN, OSTERMAN BEACH, FOSTER BEACH AND MONTROSE BEACH. SOUTHERNLY VIEWS OF NAVY PIER, HANCOCK BUILDING AND WILLIS TOWER FROM THE PENTHOUSE SUITE. THIS 1 BEDROOM IS ACCOMPANIED WITH A DOUBLE CLOSET AND HIGH CEILINGS. GALLEY KITCHEN JUST UPDATED WITH SS LG APPLIANCES ALSO FEATURES A BREAKFAST BAR, BRUSHED NICKEL HANDLES, CABINET AND CLOSET PANTRY. MARBLE FLOORING IS A GREAT WELCOMING IN THE FOYER. STORAGE UNIT IS ON THE SAME 55TH FLOOR AS THE CONDO. WONDERFUL EDGEWATER LOCATION IN THE TALLEST BUILDING WITH UNOBSTRUCTED VIEWS. FIBER OPTIC READY WITH AT&T AS INTERNET AND CABLE IS INCLUDED. WELL MANAGED BUILDING HAS NEVER IMPOSED A SPECIAL ASSESSMENT. AMENITIES INCLUDE INDOOR POOL, OUTDOOR KIDS POOL, SAUNA, RACQUETBALL COURT, EXERCISE ROOM, PATIO, DOORMAN, 24 HR SECURITY, PACKAGE ROOM WITH 24HR ACCESS, LAUNDRY, DRY CLEANING AND THE EDGEWATER SHOPPING CENTER WITH GROCERY STORE. AFFORDABLE VALET PARKING AVAILABLE IN THE LOWER LEVEL GARAGE. WALKWAY FROM BBQ AREA DIRECTLY UNDER LAKESHORE DRIVE TO BEACHES.

Last Agent to Sell the Property

Kevin Burke

RE/MAX 10 License #475137180 Listed on: 11/19/2020

RE/MAX 10

Last Buyer's Agent

Sergiu Luca

USA Realty Group Inc License #475150460

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,281

Year Built

  • 1974

Lot Details

  • Lake Front
  • East or West Exposure

HOA Fees

  • $720 per month

Parking

  • Attached Garage

Home Design

  • Slab Foundation

Interior Spaces

  • Entrance Foyer
  • Storage

Kitchen

  • Galley Kitchen
  • Breakfast Bar
  • Oven or Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • Bathroom on Main Level

Utilities

  • Forced Air Heating and Cooling System
  • Lake Michigan Water
  • Cable TV Available

Additional Features

  • In Ground Pool
  • Property is near a bus stop

Listing and Financial Details

  • Homeowner Tax Exemptions

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,281

Year Built

1974

Lot Details

0

HOA Fees

$720 per month

Parking

1

Listing Details

  • Property Type: Attached Single
  • Built Before 1978 (Y/N): Yes
  • General Information: Commuter Bus, Commuter Train
  • Unit Floor Level: 55
  • Age: 41-50 Years
  • Full Bathrooms: 1
  • Ownership: Condo
  • Total Full or Half Bathrooms: 1
  • Total Sq Ft: 820
  • Estimated Year Built: 1974
  • Tax Exemptions: Homeowner
  • Type Attached: Condo
  • Total Sq Ft: 820
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 55
  • Year Built: 1974

Interior Features

  • Interior Property Features: 1st Floor Bedroom, 1st Floor Full Bath, Storage
  • Number Of Rooms: 4
  • Living Room: Dimensions: 15X15, On Level: Main Level, Flooring: Carpet, Windows: All
  • Appliances: Oven/Range, Microwave, Dishwasher, Refrigerator
  • Bedrooms All Levels: 1
  • Above Grade Bedrooms: 1
  • Dining Room: Dimensions: 8X12, On Level: Main Level, Flooring: Carpet
  • Kitchen Type: Dimensions: 8X12, On Level: Main Level, Flooring: Ceramic Tile
  • Kitchen Type: Eating Area-Breakfast Bar, Galley
  • Additional Rooms: Foyer
  • Master Bedroom: Dimensions: 13X15, On Level: Main Level, Flooring: Carpet, Windows: All
  • Additional Room 1 Name: Foyer, Dimensions: 9X12, On Level: Main Level, Flooring: Marble
  • Estimated Sq Ft: 820
  • Estimated Total Finished Sq Ft: 820
  • Main Level Sq Ft: 820
  • Dining Room Type: Combined w/ LivRm

Exterior Features

  • Foundation: Concrete
  • Exterior Building Type: Glass
  • Waterfront: Yes
  • Exterior Property Features: Pool In-Ground, Cable Access
  • Exposure: E (East), Lake/Water

Garage/Parking

  • Number of Cars: 1
  • Parking: Garage
  • Garage Type: Attached
  • Garage On Site: Yes
  • Number Garage Spaces: 1
  • Garage Ownership: Fee/Leased

Utilities

  • Electricity: Circuit Breakers
  • Air Conditioner: Central Air
  • Water: Lake Michigan, Public
  • Sewer: Sewer-Public
  • Heating Fuel: Forced Air

Condo/Co-op/Association

  • Fee Frequency: Monthly
  • Management: Manager On-site
  • Pet Information: No Pets
  • Common Area Amenities: Bike Room/Bike Trails, Door Person, Coin Laundry, Commissary, Elevator, Exercise Room, Storage, Health Club, On Site Manager/Engineer, Party Room, Sundeck, Pool-Indoors, Service Elevator, Valet/Cleaner, Whirlpool
  • Assessment Includes: Heat, Air Conditioning, Water, Gas, Common Insurance, Security, Doorman, TV/Cable, Exercise Facilities, Pool, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal, Internet Access
  • Assessment Association Fees: 720
  • Management Contact Name: JACQUELINE SMITH
  • Management Phone: 773-769-3250

Fee Information

  • Management Company: HABITAT COMPANY
  • Lease Amount: 135

Schools

  • School District: 299
  • Junior High Dist: 299

Lot Info

  • Lot Dimensions: COMMON
  • Parcel Identification Number: 14082030171716

Multi Family

  • Total Number Unitsin Building: 725
  • Number Stories: 55

Tax Info

  • Taxes: 3217.22

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 19, 2020
Closed on
Feb 1, 2021
Sold by
Lazuer Daniel J
Bought by
Luca Sergiu
Seller's Agent
Kevin Burke
RE/MAX 10
Buyer's Agent
Sergiu Luca
USA Realty Group Inc
List Price
$172,500
Sold Price
$162,500
Premium/Discount to List
-$10,000
-5.8%
Current Estimated Value
$215,592

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$53,092
Avg. Annual Appreciation
6.48%
Original Mortgage
$130,000
Interest Rate
2.37%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 14, 2016
Closed on
Jun 7, 2016
Sold by
Johnston James
Bought by
Lazur Daniel J
Seller's Agent
Nicole Milford
Compass
Buyer's Agent
Kevin Burke
RE/MAX 10
List Price
$155,000
Sold Price
$155,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.99%
Original Mortgage
$124,000
Interest Rate
3.99%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 5, 2012
Closed on
Jul 1, 2013
Sold by
Gottschlk Angela
Bought by
Johnston James
Seller's Agent
Margaret Dralyuk
Dralyuk Real Estate Inc.
Buyer's Agent
Maureen Murnane
@properties Christie's International Real Estate
List Price
$154,900
Sold Price
$150,000
Premium/Discount to List
-$4,900
-3.16%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.12%

Purchase Details

Closed on
Dec 29, 1997
Sold by
Hammad Yasser
Bought by
Gottschalk Angela

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$77,800
Interest Rate
7.26%

Purchase Details

Closed on
Apr 6, 1995
Sold by
Dejean William P
Bought by
Hammad Yasser

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$61,600
Interest Rate
8.55%
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
Luca Sergiu $162,500 Chicago Title
Lazur Daniel J $155,000 Chicago Title Insurance
Johnston James $150,000 Chicago Title Insurance Comp
Gottschalk Angela $86,500 --
Hammad Yasser $79,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Luca Sergiu $130,000
Previous Owner Lazur Daniel J $124,000
Previous Owner Johnston James $112,500
Previous Owner Gottschalk Angela $128,225
Previous Owner Gottschalk Angela $54,800
Previous Owner Gottschalk Angela $77,800
Previous Owner Hammad Yasser $61,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/22/2021 03/22/21 Sold $162,500 -5.8% $198 / Sq Ft
02/24/2021 02/24/21 Pending -- -- --
02/20/2021 02/20/21 For Sale $172,500 0.0% $210 / Sq Ft
01/11/2021 01/11/21 Pending -- -- --
12/13/2020 12/13/20 Price Changed $172,500 -9.2% $210 / Sq Ft
11/21/2020 11/21/20 Price Changed $190,000 -5.0% $232 / Sq Ft
11/19/2020 11/19/20 For Sale $200,000 +29.0% $244 / Sq Ft
06/08/2016 06/08/16 Sold $155,000 0.0% $189 / Sq Ft
04/19/2016 04/19/16 Pending -- -- --
04/14/2016 04/14/16 For Sale $155,000 +3.3% $189 / Sq Ft
07/01/2013 07/01/13 Sold $150,000 -3.2% $183 / Sq Ft
05/04/2013 05/04/13 Pending -- -- --
12/05/2012 12/05/12 For Sale $154,900 -- $189 / 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 $3,281 $19,750 $1,256 $18,494
2023 $3,199 $15,552 $1,063 $14,489
2022 $3,199 $15,552 $1,063 $14,489
2021 $3,127 $15,551 $1,063 $14,488
2020 $3,224 $14,472 $580 $13,892
2019 $3,217 $16,013 $580 $15,433
2018 $3,163 $16,013 $580 $15,433
2017 $3,045 $14,143 $504 $13,639
2016 $2,833 $14,143 $504 $13,639
2015 $2,592 $14,143 $504 $13,639
2014 $2,168 $11,686 $384 $11,302
2013 $1,647 $11,686 $384 $11,302
Source: Public Records

Agents Affiliated with this Home

  • Kevin Burke

    Seller's Agent in 2021

    Kevin Burke

    RE/MAX 10

    (708) 805-1754

    1 in this area

    372 Total Sales

    Kevin Burke
    Section Image

  • S

    Buyer's Agent in 2021

    Sergiu Luca

    USA Realty Group Inc

    Section Image
  • Nicole Milford

    Seller's Agent in 2016

    Nicole Milford

    Compass

    (630) 251-0382

    463 Total Sales

    Nicole Milford
    Section Image
  • Margaret Dralyuk

    Seller's Agent in 2013

    Margaret Dralyuk

    Dralyuk Real Estate Inc.

    (847) 602-7870

    105 in this area

    129 Total Sales

    Margaret Dralyuk
    Section Image
  • Maureen Murnane

    Buyer's Agent in 2013

    Maureen Murnane

    @ Properties

    (312) 927-1661

    14 in this area

    74 Total Sales

    Maureen Murnane
    Section Image
See All Agents

About Park Tower Market

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10936959

Midwest Real Estate Data (MRED)

APN: 14-08-203-017-1716

Illinois Cook County Chicago 60640 Edgewater

5415 N Sheridan Rd Unit 5502, Chicago, IL

This home is located at 5415 N Sheridan Rd Unit 5502, Chicago, IL 60640 since 19 November 2020 and is currently estimated at $215,592, approximately $262 per square foot. This property was built in 1974. 5415 N Sheridan Rd Unit 5502 is a home located in Cook County with nearby schools including William C. Goudy Technology Academy, Senn High School, and St Thomas Of Canterbury School.

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