551 W Melrose St Unit 3 Chicago, IL 60657
Lakeview East Neighborhood
2
Beds
1
Bath
1,350
Sq Ft
$433/mo
HOA Fee
Highlights
- Wood Flooring
- Formal Dining Room
- Built-In Features
- Nettelhorst Elementary School Rated A-
- Double Pane Windows
- Paneling
About This Home
As of September 2023Tremendous opportunity here. Beautiful East Lakeview top floor condo Priced to Sell. Oversized Vintage rehab with all the modern updates you can ask for. This 2 bedroom 1 bath home is sure to impress. Gorgeous woodwork and hardwood floors throughout. this home is spacious and inviting. It also offers Central Air, Newer wood window, In-Unit Laundry and Parking included. There is also a huge storage room 20'x12' and additional free laundry in building. Upon walking into the foyer The Living Room is massive and could easily be two rooms at 27'x12'. It features gorgeous original wood detailing, and exposed brick wall and both North and South Exposures. The split floor plan offers tremendous privacy and the Primary bedroom is huge at 20'x10' and has 3 closets. The second bedroom is ample easily fits a queen size bed or makes a great office with tree lined view of street. 11'x10'. The bathroom is nice sized and has an updated walk-in shower. the Dining room is great for entertaining at 14'x10' and is flooded with unbelievable natural light and great detailing including a hutch. The kitchen also offers amazing light. The kitchen at 14'x9' has 42" uppers and great storage and even has a laundry closet. The association is very well run and the building is in great shape. Just steps from Lakeview booming Broadway shopping strip and 1 block to the lake. Access to great dining, shopping, gyms, and outdoor recreation. This cannot be beat. Check out 553 Melrose #3. It sold without parking and laundry for $415,000. Opportunity knocks!!
Last Agent to Sell the Property
@properties Christie's International Real Estate License #475166223 Listed on: 08/14/2023
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $2,769
Year Built
- Built in 1909 | Remodeled in 1978
HOA Fees
- $433 Monthly HOA Fees
Home Design
- Brick Exterior Construction
- Asphalt Roof
Interior Spaces
- 1,350 Sq Ft Home
- 3-Story Property
- Built-In Features
- Paneling
- Ceiling height of 9 feet or more
- Ceiling Fan
- Double Pane Windows
- Entrance Foyer
- Family Room
- Living Room
- Formal Dining Room
- Storage Room
- Wood Flooring
Kitchen
- Range
- Microwave
- Dishwasher
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Potential Bedrooms
- 1 Full Bathroom
Laundry
- Laundry Room
- Laundry in Kitchen
- Washer and Dryer Hookup
Parking
- 1 Parking Space
- Alley Access
- Driveway
- Uncovered Parking
- Off-Street Parking
- Off Alley Parking
- Parking Included in Price
- Assigned Parking
Schools
- Nettelhorst Elementary School
Utilities
- Central Air
- Radiator
- Lake Michigan Water
Listing and Financial Details
- Senior Tax Exemptions
- Homeowner Tax Exemptions
- Senior Freeze Tax Exemptions
Community Details
Overview
- Association fees include heat, water, parking, insurance, security, lawn care, scavenger, snow removal
- 12 Units
- Ben Marsden Association
Amenities
- Laundry Facilities
- Community Storage Space
Recreation
- Bike Trail
Pet Policy
- Dogs and Cats Allowed
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Apr 7, 2011
Sold by
Armstrong Susan H
Bought by
Armstrong Susan H and The Susan H Armstrong Trust
Current Estimated Value
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | None Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/18/2023 09/18/23 | Sold | $375,000 | 0.0% | $278 / Sq Ft |
| 08/15/2023 08/15/23 | Pending | -- | -- | -- |
| 08/14/2023 08/14/23 | For Sale | $375,000 | -- | $278 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
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 | $2,893 | $41,386 | $9,017 | $32,369 |
| 2023 | $2,909 | $36,000 | $7,272 | $28,728 |
| 2022 | $2,909 | $36,000 | $7,272 | $28,728 |
| 2021 | $2,769 | $35,999 | $7,272 | $28,727 |
| 2020 | $2,858 | $28,927 | $4,799 | $24,128 |
| 2019 | $2,849 | $31,683 | $4,799 | $26,884 |
| 2018 | $2,806 | $31,683 | $4,799 | $26,884 |
| 2017 | $3,005 | $25,222 | $4,217 | $21,005 |
| 2016 | $3,383 | $25,222 | $4,217 | $21,005 |
| 2015 | $3,798 | $25,222 | $4,217 | $21,005 |
| 2014 | $3,224 | $22,296 | $3,454 | $18,842 |
| 2013 | $3,235 | $22,296 | $3,454 | $18,842 |
Source: Public Records
Agents Affiliated with this Home
-
John Charmelo
Seller's Agent in 2023
John Charmelo
@ Properties
(312) 560-7689
9 in this area
89 Total Sales
-
David Jablonowski
Buyer's Agent in 2023
David Jablonowski
@properties
(773) 852-3283
21 in this area
117 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11854050
APN: 14-21-314-050-1009
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