NOT LISTED FOR SALE

5541 W Barry Ave Unit 1 Chicago, IL 60641

Cragin Neighborhood

Estimated Value: $149,000 - $243,000

1 Bed
1 Bath
1,200 Sq Ft
$159/mo HOA Fee

Last Sold October 06, 2022

Last sale price $130,000 $108 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $1,349/month

46 Days on Market

Highlights

  • Wood Flooring
  • Bonus Room
  • Porch
  • Main Floor Bedroom
  • End Unit
  • Intercom

About This Home

As of October 2022

Spacious 1200 sq. ft. one bedroom one bath condo with hardwood floors in Belmont Central area. This property comes with an additional 600 sq. ft that can be connected to the central part of the unit with the ability to add an in-unit washer and dryer along with a bedroom and bathroom and convert it to a two bedroom two bath unit. New white appliances and a fresh coat of paint. Copper plumbing throughout. in the additional 600 sq ft space. Plenty of parking is available as the street has zoned parking. Close to public transportation, shops, and restaurants. Short distance to the 90/94 expressway.

Last Agent to Sell the Property

Todd Fike

Baird & Warner License #475152591 Listed on: 08/04/2022

Baird & Warner

Last Buyer's Agent

Non Member

NON MEMBER

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,493

Year Built

  • Built in 1928

Lot Details

  • 7,405

HOA Fees

  • $159 Monthly HOA Fees

Parking

  • Driveway

Home Design

  • Brick Exterior Construction
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,200 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Living Room
  • Bonus Room
  • Storage Room
  • Wood Flooring
  • Intercom
  • Range

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Potential Bedroom
  • Main Floor Bedroom
  • 1 Full Bathroom

Unfinished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Utilities

  • No Cooling
  • Heating System Uses Steam
  • Heating System Uses Natural Gas
  • 100 Amp Service
  • Lake Michigan Water

Additional Features

  • Porch
  • End Unit

Community Details

Overview

  • 10 Units
  • Guillermo Correa Association, Phone Number (847) 863-6674
  • Property managed by 5531 Barry Condo Association

Pet Policy

  • Limit on the number of pets
  • Dogs and Cats Allowed

Additional Features

  • Coin Laundry
  • Carbon Monoxide Detectors

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,493

Year Built

Built in 1928

Lot Details

0

HOA Fees

$159 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: 1928
  • Age: 91-100 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: Commuter Bus
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Unit Floor Level: 1
  • Actual Status: Closed
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 2

Interior Features

  • Appliances: Range, Refrigerator
  • Basement: Full, Walkout
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 1
  • Interior Amenities: Hardwood Floors, First Floor Bedroom, Storage
  • LivingArea: 1200
  • Other Equipment: Intercom, CO Detectors, Ceiling Fan(s)
  • Room Type: Bonus Room, Storage
  • Stories Total: 2
  • Estimated Total Finished Sq Ft: 600
  • Basement Description: Unfinished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Square Footage Comments: 600 sq. ft. on the main floor, and 600 sq. ft. lower level
  • Total Sq Ft: 1200
  • ResoLivingAreaSource: Builder

Exterior Features

  • ExteriorFeatures: Porch, End Unit
  • Foundation Details: Concrete Perimeter
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Number of Cars: 0
  • Driveway: Concrete
  • Parking: None

Utilities

  • Sewer: Public Sewer
  • Cooling: None
  • Electric: Circuit Breakers, 100 Amp Service
  • Heating: Natural Gas, Steam
  • Water Source: Lake Michigan, Public

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK, Number Limit
  • Association Fee: 159
  • Association Amenities: Coin Laundry
  • Association Fee Frequency: Monthly
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: 5531 Barry Condo Association
  • Management Contact Name: Guillermo Correa
  • Management Phone: 847-863-6674
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Other

Lot Info

  • Lot Dimensions: COMMON
  • Rural (Y/N): N
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Pets Allowed (Y/N): Yes
  • Is Parking Included in Price: No
  • Max Pet Weight: 999

Tax Info

  • Tax Annual Amount: 1492.57
  • Tax Year: 2020
  • Tax Exemptions: None

Multi Family

  • Units in Building: 10

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 4, 2022
Closed on
Oct 5, 2022
Sold by
Jorgensen Richard J and Jorgensen Nery E
Bought by
Correa Lisa and Correa Guillermo
Seller's Agent
Todd Fike
Baird & Warner
Buyer's Agent
Non Member
NON MEMBER
List Price
$135,000
Sold Price
$130,000
Premium/Discount to List
-$5,000
-3.7%
Current Estimated Value
$185,862

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$55,862
Avg. Annual Appreciation
12.10%

Purchase Details

Closed on
Apr 10, 2007
Sold by
5531 Barry Llc
Bought by
Jorgensen Richard J and Martinez Nery E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$19,650
Interest Rate
6.2%
Mortgage Type
Credit Line Revolving
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Correa Lisa $130,000 None Listed On Document
Jorgensen Richard J $131,000 Pntn
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Jorgensen Richard J $19,650
Previous Owner Jorgensen Richard J $104,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/06/2022 10/06/22 Sold $130,000 -3.7% $108 / Sq Ft
09/20/2022 09/20/22 Pending -- -- --
09/08/2022 09/08/22 For Sale $135,000 0.0% $113 / Sq Ft
08/10/2022 08/10/22 Pending -- -- --
08/04/2022 08/04/22 For Sale $135,000 -- $113 / 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 $2,516 $12,628 $1,455 $11,173
2023 $2,453 $11,925 $1,180 $10,745
2022 $2,453 $11,925 $1,180 $10,745
2021 $2,398 $11,924 $1,179 $10,745
2020 $1,493 $6,700 $983 $5,717
2019 $1,518 $7,556 $983 $6,573
2018 $1,789 $9,058 $983 $8,075
2017 $1,853 $8,606 $865 $7,741
2016 $1,724 $8,606 $865 $7,741
2015 $1,577 $8,606 $865 $7,741
2014 $2,516 $13,563 $825 $12,738
2013 $2,467 $13,563 $825 $12,738
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11482916

Midwest Real Estate Data (MRED)

APN: 13-28-108-047-1004