NOT LISTED FOR SALE

5525 S Cornell Ave Unit 4 Chicago, IL 60637

Hyde Park Neighborhood

Estimated Value: $338,000 - $442,000

3 Beds
2 Baths
1,800 Sq Ft
$483/mo HOA Fee

Last Sold August 31, 2022

Last sale price $377,000 $209 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $3,119/month

8 Days on Market

Highlights

  • Wood Flooring
  • Formal Dining Room
  • Living Room
  • Kenwood Academy High School Rated A-
  • Stainless Steel Appliances
  • 2-minute walk to Cornell Park

About This Home

As of August 2022

Incredible opportunity to own this beautiful first floor vintage 3 bedroom, 2 bath Hyde Park condo complete with private off street parking! Step into the spacious foyer and natural light-filled living room with long window seat, original rich mahogany pillars and coffered ceilings! Primary bedroom boasts ample space to accommodate a king sized bed and plenty of room for dressers and nightstands! Relax in the primary ensuite recently renovated in 2020! Forget cold feet in the winter on the new tile flooring with radiant heat, custom glass shower enclosure, custom wainscotting, double vanity with granite countertops and smart switches with motion sensor for vanity and cove lighting! Dinner parties of any size are no problem in the generous sized dining room with mahogany coffered ceiling, updated light fixture and storage galore! Maple cabinets in kitchen with updated backsplash, silestone countertops and brand new stainless steel appliances! Second bathroom completely renovated 5/2022 with all new vanity, paint and tile in shower and floor! Crown molding for additional character, custom closets and ceiling fans in all bedrooms! Enjoy a cool drink or grill on the inviting private porch off the kitchen. Need extra storage? This condo is the only unit in the building that comes with 2 additional locked storage units located in basement! Just minutes away from Metra train, lakefront, Promontory Point, museum, U of C campus, schools, restaurants, coffee shops, 61st St. Farmers Market, revitalized Jackson Park and coming soon, the Obama Presidential Center! Easy and fast commute to Chicago Loop.

Last Agent to Sell the Property

Laurie Rago

HomeSmart Realty Group License #475180051 Listed on: 06/27/2022

HomeSmart Realty Group

Last Buyer's Agent

Laurie Rago

HomeSmart Realty Group License #475180051 Listed on: 06/27/2022

HomeSmart Realty Group

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,944

Year Built

  • Built in 1903 | Remodeled in 2020

Lot Details

  • 7,492

HOA Fees

  • $483 Monthly HOA Fees

Home Design

  • Brick Exterior Construction
  • Asphalt Roof

Interior Spaces

  • 1,800 Sq Ft Home
  • 3-Story Property
  • Entrance Foyer
  • Living Room
  • Formal Dining Room
  • Storage
  • Wood Flooring

Kitchen

  • Range Hood
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Basement

  • Basement Fills Entire Space Under The House
  • Basement Cellar

Parking

  • 1 Parking Space
  • Uncovered Parking
  • Parking Included in Price
  • Assigned Parking

Schools

  • Bret Harte Elementary School

Utilities

  • 3+ Cooling Systems Mounted To A Wall/Window
  • Radiator
  • Heating System Uses Steam
  • Lake Michigan Water

Listing and Financial Details

  • Homeowner Tax Exemptions

Community Details

Overview

  • Association fees include heat, water, gas, insurance, exterior maintenance, scavenger
  • 6 Units
  • Christopher Weber Association, Phone Number (773) 746-5223
  • Property managed by 5521-25 Cornell Condo Associtation

Pet Policy

  • Dogs and Cats Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,944

Year Built

Built in 1903 | Remodeled in 2020

Lot Details

0

HOA Fees

$483 per month

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: Condo
  • Ownership: Condo
  • New Construction: No
  • Property Sub-Type: Condo
  • Year Built: 1903
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: School Bus Service,Commuter Train,Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Unit Floor Level: 1
  • Rehab Year: 2020
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 3
  • Year Renovated: 2020

Interior Features

  • Appliances: Microwave, Dishwasher, Refrigerator, Washer, Dryer, Disposal, Stainless Steel Appliance(s), Range Hood
  • Basement: Full
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 3
  • Interior Amenities: Hardwood Floors, Laundry Hook-Up in Unit, Storage
  • LivingArea: 1800
  • Room Type: Foyer
  • Stories Total: 3
  • Estimated Total Finished Sq Ft: 1800
  • Basement Description: Cellar
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Separate
  • Total Sq Ft: 1800
  • Total Sq Ft: 1800
  • Upper Level Sq Ft: 1800
  • ResoLivingAreaSource: Estimated

Exterior Features

  • List Price: 379900
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Parking Features: Assigned
  • ParkingTotal: 1
  • Number of Cars: 1
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Cooling: Window/Wall Units - 3+
  • Heating: Steam, Radiator(s)
  • Laundry Features: In Unit
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK
  • Association Fee: 483
  • Association Fee Frequency: Monthly
  • Management: Self-Management
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: 5521-25 Cornell Condo Associtation
  • Management Contact Name: Christopher Weber
  • Management Phone: 773-746-5223
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Heat, Water, Gas, Insurance, Exterior Maintenance, Scavenger

Schools

  • Elementary School: Bret Harte Elementary School
  • Middle/Junior School District: 299

Lot Info

  • Lot Dimensions: COMMON
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • Pets Allowed (Y/N): Yes
  • Is Parking Included in Price: Yes
  • Max Pet Weight: 999

Tax Info

  • Tax Annual Amount: 4943.66
  • Tax Year: 2020
  • Tax Exemptions: Homeowner

Multi Family

  • Units in Building: 6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 27, 2022
Closed on
Jul 28, 2022
Sold by
Wick Kevin M and Wick Sherri S
Bought by
Mitchell Travis Mckay and Mitchell Desiree
Seller's Agent
Laurie Rago
HomeSmart Realty Group
Buyer's Agent
Laurie Rago
HomeSmart Realty Group
List Price
$379,900
Sold Price
$377,000
Premium/Discount to List
-$2,900
-0.76%
Current Estimated Value
$403,787

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$26,787
Avg. Annual Appreciation
2.56%
Original Mortgage
$320,450
Outstanding Balance
$307,167
Interest Rate
5.5%
Mortgage Type
New Conventional
Estimated Equity
$99,383

Purchase Details

Listed on
Apr 20, 2018
Closed on
Jun 29, 2018
Sold by
Lewis Jared C and Anderson Brooke R
Bought by
Wick Kevin M and Wick Sherri S
Seller's Agent
Stephen Parker
MetroPro Realty LLC
Buyer's Agent
Brittany Wrenn
Dream Town Real Estate
List Price
$310,000
Sold Price
$305,000
Premium/Discount to List
-$5,000
-1.61%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.20%
Original Mortgage
$300,700
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 20, 2014
Closed on
Jul 16, 2014
Sold by
Morrissey Sandra C and Morrissey John P
Bought by
Lewis Jared C and Anderson Brooke R
Seller's Agent
Sheila Dantzler
Jameson Sotheby's Intl Realty
Buyer's Agent
Stephen Parker
MetroPro Realty LLC
List Price
$285,000
Sold Price
$277,500
Premium/Discount to List
-$7,500
-2.63%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.39%
Original Mortgage
$41,625
Interest Rate
4.2%

Purchase Details

Listed on
Mar 27, 2012
Closed on
Jul 18, 2013
Sold by
Chicago Title Land Trust Co
Bought by
Morrissey John P and Morrissey Sanda C
Seller's Agent
Miriam Zeltzerman
Berkshire Hathaway HomeServices KoenigRubloff
Buyer's Agent
Anne Loncar
Coldwell Banker Realty
List Price
$279,000
Sold Price
$259,000
Premium/Discount to List
-$20,000
-7.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.53%
Original Mortgage
$246,050
Interest Rate
4.49%
Mortgage Type
New Conventional
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
Mitchell Travis Mckay $377,000 None Listed On Document
Wick Kevin M $311,500 Greater Metropolitan Title L
Lewis Jared C $277,500 --
Anderson Brooke R $277,500 --
Lewis Jared C $277,500 --
Morrissey John P $259,000 Attorneys Title Guaranty Fun
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mitchell Travis Mckay $320,450
Previous Owner Mitchell Travis Mckay $320,450
Previous Owner Wick Kevin M $300,700
Previous Owner Lewis Jared C $41,625
Previous Owner Lewis Jared C $208,125
Previous Owner Morrissey John P $246,050
Previous Owner La Salle Bank Na $20,000
Previous Owner Lasalle Bank Na $75,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/31/2022 08/31/22 Sold $377,000 -0.8% $209 / Sq Ft
08/27/2022 08/27/22 For Sale $379,900 +0.8% $211 / Sq Ft
08/23/2022 08/23/22 Off Market $377,000 -- --
07/06/2022 07/06/22 Pending -- -- --
07/02/2022 07/02/22 Pending -- -- --
06/27/2022 06/27/22 For Sale $379,900 +24.6% $211 / Sq Ft
06/29/2018 06/29/18 Sold $305,000 -1.6% $169 / Sq Ft
04/24/2018 04/24/18 Pending -- -- --
04/19/2018 04/19/18 For Sale $310,000 +11.7% $172 / Sq Ft
06/30/2014 06/30/14 Sold $277,500 -2.6% $154 / Sq Ft
05/20/2014 05/20/14 Pending -- -- --
05/20/2014 05/20/14 For Sale $285,000 +10.0% $158 / Sq Ft
07/19/2013 07/19/13 Sold $259,000 -7.2% $144 / Sq Ft
06/18/2013 06/18/13 Pending -- -- --
05/24/2013 05/24/13 For Sale $279,000 0.0% $155 / Sq Ft
05/14/2013 05/14/13 Pending -- -- --
03/29/2013 03/29/13 Price Changed $279,000 -2.1% $155 / Sq Ft
03/27/2012 03/27/12 For Sale $285,000 -- $158 / 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 $5,227 $37,350 $7,538 $29,812
2023 $5,055 $28,000 $6,079 $21,921
2022 $5,055 $28,000 $6,079 $21,921
2021 $4,961 $27,999 $6,078 $21,921
2020 $4,944 $25,294 $4,863 $20,431
2019 $4,845 $27,545 $4,863 $22,682
2018 $4,762 $27,545 $4,863 $22,682
2017 $5,230 $27,672 $4,011 $23,661
2016 $5,042 $27,672 $4,011 $23,661
2015 $4,590 $27,672 $4,011 $23,661
2014 $5,272 $28,414 $3,282 $25,132
2013 $4,690 $28,414 $3,282 $25,132
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11447498

Midwest Real Estate Data (MRED)

APN: 20-13-101-021-1004