NOT LISTED FOR SALE

550 W Harrison St Unit 353 Chicago, IL 60607

Little Italy Neighborhood

Estimated Value: $216,000 - $298,000

1 Bed
1 Bath
885 Sq Ft
$463/mo HOA Fee

Last Sold September 29, 2023

Last sale price $260,000 $294 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $2,013/month

8 Days on Market

Highlights

  • Doorman
  • 3-minute walk to Clinton Station (Blue Line)
  • Lock-and-Leave Community
  • Fitness Center
  • Open Floorplan
  • Wood Flooring

About This Home

As of September 2023

Step into this amazing 1 bedroom, 1 bath West Loop Timber Loft featuring exposed brick throughout the home and soaring 13' timber ceilings. Great open layout with lots of windows for natural sunlight. A beautiful thought out kitchen with a plethora of custom cabinets for storage, a built-in pot rack system, granite countertops, and Kohler finishes. Refinished hardwood floors, in-unit washer and dryer, and a gas fireplace to cozy up to on those chilly Chicago nights. Generous size, East facing, private balcony with a brand new door & transom with sidelites scheduled to be installed! Enter your master suite to find a spacious walk-in closet with custom-built shelving. Complex offers 24 hour door staff, fitness center, TIDE dry cleaners on site, bike storage, and full-sized designated storage cage which is included. Situated around many great restaurants, shops and grocery stores. Walking distance to Loop, Union & Ogilvie Station, steps to Blue Line (Clinton Stop), & easy access to all expressways (90/94/290) and Lakeshore drive. Deeded garage parking is an additional $25,000 and preferred to be sold with the unit. A secondary garage space in a heated, double-wide spot can also be purchased for an additional $30,000.

Last Agent to Sell the Property

Elaine Ramirez

Pearson Realty Group License #475197241 Listed on: 08/15/2023

Pearson Realty Group

Last Buyer's Agent

Ashley Allen

Better Homes & Gardens Real Estate License #475205496

Better Homes & Gardens Real Estate

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,483

Lot Details

  • End Unit
  • Additional Parcels

HOA Fees

  • $463 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Garage Transmitter
  • Garage Door Opener
  • Parking Included in Price
  • Deeded Parking Sold Separately

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 885 Sq Ft Home
  • Open Floorplan
  • Gas Log Fireplace
  • Living Room with Fireplace
  • Dining Room
  • Storage

Kitchen

  • Gas Oven
  • Gas Cooktop
  • Microwave
  • Freezer
  • Dishwasher
  • Stainless Steel Appliances
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Partially Carpeted

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Potential Bedroom
  • Walk-In Closet
  • 1 Full Bathroom
  • Soaking Tub

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

Outdoor Features

  • Balcony

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Community Details

Overview

  • Association fees include water, insurance, doorman, tv/cable, exercise facilities, exterior maintenance, lawn care, scavenger, snow removal, internet
  • 267 Units
  • Gerald Fitzpatrick Association, Phone Number (312) 922-8977
  • Mid-Rise Condominium
  • Property managed by First Service Residential
  • Lock-and-Leave Community
  • 6-Story Property

Amenities

  • Doorman
  • Common Area
  • Elevator
  • Service Elevator
  • Package Room
  • Community Storage Space

Recreation

  • Fitness Center
  • Bike Trail

Pet Policy

  • Dogs and Cats Allowed

Security

  • Resident Manager or Management On Site
  • Storm Screens

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,483

Lot Details

0

HOA Fees

$463 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: Condo,Mid Rise (4-6 Stories)
  • Ownership: Condo
  • New Construction: No
  • Property Sub-Type: Condo,Mid Rise (4-6 Stories)
  • Age: Unknown
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: Commuter Bus,Commuter Train,Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Unit Floor Level: 3
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 6

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Freezer, Washer, Dryer, Disposal, Stainless Steel Appliance(s), Gas Cooktop, Gas Oven
  • Basement: None
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 1
  • Fireplace Features: Gas Log, Gas Starter
  • Fireplaces: 1
  • Interior Amenities: Hardwood Floors, Laundry Hook-Up in Unit, Storage, Walk-In Closet(s), Open Floorplan, Some Carpeting, Dining Combo, Granite Counters
  • LivingArea: 885
  • Room Type: Balcony/Porch/Lanai
  • Stories Total: 6
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: None
  • Bathroom Amenities: Soaking Tub
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Combined w/ LivRm
  • Total Sq Ft: 0
  • Fireplace Location: Living Room
  • Total Sq Ft: 0
  • Flooring: Carpet
  • ResoLivingAreaSource: Builder

Exterior Features

  • ExteriorFeatures: Balcony, Storms/Screens, End Unit
  • List Price: 255000
  • Lot Features: Common Grounds
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 1
  • Number of Cars: 1
  • Garage Details: Garage Door Opener(s),Transmitter(s)
  • Garage On-Site: Yes
  • Garage Ownership: Deeded Sold Separately
  • Garage Type: Attached
  • Parking: Garage
  • Deeded Garage Cost: 25000

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Electric: Circuit Breakers
  • Heating: Natural Gas, Forced Air
  • Laundry Features: In Unit, Laundry Closet
  • Water Source: Lake Michigan, Public

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK
  • Association Fee: 463
  • Association Amenities: Bike Room/Bike Trails, Door Person, Elevator(s), Exercise Room, Storage, On Site Manager/Engineer, Receiving Room, Security Door Lock(s), Service Elevator(s)
  • Association Fee Frequency: Monthly
  • Management: Manager On-site,Monday through Saturday
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: First Service Residential
  • Management Contact Name: Gerald Fitzpatrick
  • Management Phone: 312-922-8977
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Water, Insurance, Doorman, TV/Cable, Exercise Facilities, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal, Internet

Schools

  • Middle/Junior School District: 299

Lot Info

  • Additional Parcels: Yes
  • 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: 3482.94
  • Tax Year: 2021
  • Tax Exemptions: None

Multi Family

  • Units in Building: 267

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 15, 2023
Closed on
Sep 20, 2023
Sold by
Ramirez Vincent J
Bought by
Jackson Mckinley
Seller's Agent
Elaine Ramirez
Pearson Realty Group
Buyer's Agent
Ashley Allen
Better Homes & Gardens Real Estate
List Price
$255,000
Sold Price
$260,000
Premium/Discount to List
$5,000
1.96%
Views
70
Current Estimated Value
$245,125

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$14,875
Avg. Annual Appreciation
-2.81%
Original Mortgage
$265,590
Outstanding Balance
$257,539
Interest Rate
4.99%
Mortgage Type
VA
Estimated Equity
-$12,414

Purchase Details

Closed on
Aug 26, 2004
Sold by
Mcclelland William J
Bought by
Ramirez Vincent J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$232,000
Interest Rate
5.25%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

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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
Jackson Mckinley $260,000 None Listed On Document
Ramirez Vincent J $232,000 Multiple
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jackson Mckinley $265,590
Previous Owner Ramirez Vincent J $232,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/29/2023 09/29/23 Sold $260,000 +2.0% $294 / Sq Ft
08/24/2023 08/24/23 Pending -- -- --
08/15/2023 08/15/23 For Sale $255,000 0.0% $288 / Sq Ft
09/10/2022 09/10/22 Rented $2,100 0.0% --
09/08/2022 09/08/22 Under Contract -- -- --
08/31/2022 08/31/22 For Rent $2,100 -- --
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 $3,043 $18,661 $1,667 $16,994
2023 $2,944 $17,690 $914 $16,776
2022 $2,944 $17,690 $914 $16,776
2021 $2,896 $17,689 $914 $16,775
2020 $3,024 $16,676 $914 $15,762
2019 $2,978 $18,251 $914 $17,337
2018 $2,927 $18,251 $914 $17,337
2017 $2,116 $13,203 $806 $12,397
2016 $2,144 $13,203 $806 $12,397
2015 $1,939 $13,203 $806 $12,397
2014 $1,844 $12,508 $685 $11,823
2013 $1,797 $12,508 $685 $11,823
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11861113

Midwest Real Estate Data (MRED)

APN: 17-16-128-007-1255