NOT LISTED FOR SALE

5510 N Sheridan Rd Unit 18B Chicago, IL 60640

Edgewater Neighborhood

Estimated Value: $421,000 - $487,960

2 Beds
2 Baths
2,000 Sq Ft
$1,174/mo HOA Fee

Last Sold March 01, 2018

Last sale price $300,000 $150 Per Sq Ft

Est. 54% increase in value since last sale

Current estimated payment $4,135/month

91 Days on Market

Highlights

  • Lake Front
  • The property is located in a historic district
  • End Unit
  • Rooftop Deck
  • Wood Flooring
  • 5-minute walk to AIDS Memorial Mediation Point

About This Home

As of March 2018

THE RENAISSANCE PENTHOUSE! LARGE LIVING ROOM WITH HARDWOOD FLOORS, LAKE & PARK VIEWS. LARGE MASTER WITH BATH ENSUITE, 2ND BEDROOM W/BATH ENSUITE. GALLERY/FOYER ENTRANCE. GRAND SPACES FOR ENTERTAINING & COMFORTABLE LIVING. BUILDING HAS GRILLING & PATIO AREAS, PARTY ROOM, AND STORAGE. WALK TO BEACH, EL, PARK, BYRN MAWR HISTORIC DISTRICT AND ANDERSONVILLE. AS-IS" SELLER DOES NOT PROVIDE SURVEY, TAXES PRORATED AT 100%. Buyer's Closing Cost Credit neg for up to 3% (On Owner-Occ/Financed Deals Only). HomeSteps offers up to $500 towards purchase of warranty. Eligible under the Freddie Mac First Look Initiative thru 11/17/17. Seller's payment of IL Condo Act 94-1049 dues is negotiable.

Last Agent to Sell the Property

Robert Padron

Re/Max Cityview License #471012333 Listed on: 10/18/2017

Re/Max Cityview

Last Buyer's Agent

Beth Ryan

Coldwell Banker License #471008635

Coldwell Banker

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,056

Year Built

  • 1927

Lot Details

  • Lake Front
  • End Unit
  • East or West Exposure

HOA Fees

  • $1,174 per month

Parking

  • Driveway

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Slate Roof

Interior Spaces

  • Wood Burning Fireplace
  • Entrance Foyer
  • Storage
  • Wood Flooring

Kitchen

  • Dishwasher
  • Stainless Steel Appliances

Outdoor Features

  • Rooftop Deck
  • Outdoor Grill

Location

  • Property is near a bus stop
  • The property is located in a historic district

Utilities

  • Hot Water Heating System
  • Lake Michigan Water

Community Details

  • Pets Allowed

Listing and Financial Details

  • Homeowner Tax Exemptions

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,056

Year Built

1927

Lot Details

0

HOA Fees

$1,174 per month

Listing Details

  • Property Type: Attached Single
  • Built Before 1978 (Y/N): Yes
  • General Information: Commuter Bus, Commuter Train, Historical District
  • Unit Floor Level: 18
  • Age: 81-90 Years
  • Full Bathrooms: 2
  • Number Interior Fireplaces: 1
  • Ownership: Condo
  • Total Full or Half Bathrooms: 2
  • Estimated Year Built: 1927
  • Tax Exemptions: Homeowner
  • Type Attached: Condo, High Rise (7+ Stories), Penthouse
  • Special Features: 20
  • Property Sub Type: Condos
  • Stories: 18
  • Year Built: 1927

Interior Features

  • Interior Property Features: Elevator, Hardwood Floors, Storage
  • Number Of Rooms: 5
  • Living Room: Dimensions: 14X31, On Level: Main Level, Flooring: Hardwood
  • Appliances: Dishwasher, All Stainless Steel Kitchen Appliances
  • Equipment: TV-Cable, Security System
  • Fireplace Details: Wood Burning
  • Fireplace Location: Living Room
  • Bedrooms All Levels: 2
  • Above Grade Bedrooms: 2
  • Dining Room: Dimensions: 13X20, On Level: Main Level, Flooring: Carpet
  • Kitchen Type: Dimensions: 10X17, On Level: Main Level, Flooring: Ceramic Tile
  • Additional Rooms: Foyer
  • Master Bedroom: Dimensions: 16X20, On Level: Main Level, Flooring: Carpet
  • Additional Room 1 Name: Foyer, Dimensions: 7X25, On Level: Main Level, Flooring: Ceramic Tile
  • Bedroom 2: Dimensions: 12X16, On Level: Main Level, Flooring: Carpet
  • Estimated Sq Ft: 2000
  • Dining Room Type: Separate

Exterior Features

  • Foundation: Concrete
  • Exterior Building Type: Brick
  • Roof Type: Slate
  • Waterfront: Yes
  • Exterior Property Features: Roof Deck, Outdoor Grill, End Unit
  • Exposure: E (East), Lake/Water

Garage/Parking

  • Driveway: Asphalt

Utilities

  • Water: Lake Michigan
  • Sewer: Sewer-Public
  • Heating Fuel: Hot Water/Steam

Condo/Co-op/Association

  • Max Pet Weight: 999
  • Pets Allowed: Yes
  • Fee Frequency: Monthly
  • Management: Manager Off-site
  • Pet Information: Cats OK, Dogs OK
  • Common Area Amenities: Door Person, Coin Laundry, Elevator, Storage, Party Room, Sundeck, Service Elevator
  • Assessment Includes: Heat, Water, Common Insurance, Security, Doorman, Clubhouse, Lawn Care, Scavenger, Snow Removal
  • Special Assessments: Y
  • Assessment Association Fees: 1174
  • Management Contact Name: Joseph
  • Management Phone: 312-944-2611

Fee Information

  • Management Company: Legum and Norman

Schools

  • School District: 299
  • Junior High Dist: 299

Lot Info

  • Lot Dimensions: COMMON
  • Parcel Identification Number: 14082020171032

Multi Family

  • Total Number Unitsin Building: 32
  • Number Stories: 18

Tax Info

  • Taxes: 7264.53

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 18, 2017
Closed on
Jan 25, 2018
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Abramson Rachel L and Dolnick William P
Seller's Agent
Robert Padron
Re/Max Cityview
Buyer's Agent
Beth Ryan
Coldwell Banker
List Price
$359,900
Sold Price
$300,000
Premium/Discount to List
-$59,900
-16.64%
Current Estimated Value
$462,740

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$162,740
Avg. Annual Appreciation
5.84%
Original Mortgage
$240,000
Outstanding Balance
$205,163
Interest Rate
4.37%
Mortgage Type
New Conventional
Estimated Equity
$257,577

Purchase Details

Closed on
Jan 10, 2017
Sold by
Gapshis Darr
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
Dec 5, 2012
Sold by
Gapshis Darr and Jokubaitis Zydrunas
Bought by
Atg Trust Co

Purchase Details

Closed on
Jun 27, 2006
Sold by
Gapshis Martin D
Bought by
Gapshis Darr

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$290,000
Interest Rate
6.72%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Jul 19, 1995
Sold by
Fry Joyce L and Fry Robert
Bought by
Fusco John M and Hill Ernie J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,000
Interest Rate
7.59%
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
Abramson Rachel L $300,000 Attorneys Title Guaranty Fun
Federal Home Loan Mortgage Corporation -- Attorney
Atg Trust Co -- None Available
Gapshis Darr $420,000 Git
Fusco John M $145,000 Intercounty Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Abramson Rachel L $240,000
Previous Owner Gapshis Darr $290,000
Previous Owner Fusco John M $130,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/01/2018 03/01/18 Sold $300,000 -3.2% $150 / Sq Ft
01/17/2018 01/17/18 Pending -- -- --
12/31/2017 12/31/17 Price Changed $309,900 -2.5% $155 / Sq Ft
12/16/2017 12/16/17 Price Changed $317,900 -3.6% $159 / Sq Ft
12/01/2017 12/01/17 Price Changed $329,900 -2.9% $165 / Sq Ft
11/20/2017 11/20/17 Price Changed $339,900 -5.6% $170 / Sq Ft
10/18/2017 10/18/17 For Sale $359,900 -- $180 / 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 $6,056 $39,005 $2,866 $36,139
2023 $5,865 $34,671 $2,351 $32,320
2022 $5,865 $34,671 $2,351 $32,320
2021 $5,766 $34,669 $2,350 $32,319
2020 $5,491 $30,234 $1,324 $28,910
2019 $5,481 $33,452 $1,324 $32,128
2018 $6,641 $37,055 $1,324 $35,731
2017 $8,372 $42,267 $1,152 $41,115
2016 $7,965 $42,267 $1,152 $41,115
2015 $7,265 $42,267 $1,152 $41,115
2014 $6,801 $39,223 $878 $38,345
2013 $6,655 $39,223 $878 $38,345
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD09780905

Midwest Real Estate Data (MRED)

APN: 14-08-202-017-1032