NOT LISTED FOR SALE

557 W Arlington Place Chicago, IL 60614

Lincoln Park Neighborhood

Estimated Value: $3,284,000 - $4,077,000

6 Beds
7 Baths
6,391 Sq Ft
$571/Sq Ft Est. Value

Last Sold May 01, 2023

Last sale price $3,395,000 $531 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $24,796/month

11 Days on Market

Highlights

  • Heated Floors
  • Open Floorplan
  • Deck
  • Abraham Lincoln Elementary School Rated A-
  • Fireplace in Primary Bedroom
  • 4-minute walk to North Pond Nature Sanctuary

About This Home

As of May 2023

550 W. Arlington
Arlington + Clark
Lincoln Park
$1750 per Month
Available: Now

Stunning Lincoln Park studio features brand new kitchen with stainless steel appliances, dishwasher, spacious living area, great closet space, hardwood floors throughout, brand new bathroom, in unit laundry, and pets are welcome! Walking distance to shopping, nightlife, transportation, and more! UA1701

Heat Included: No
Air Conditioning: No
Dishwasher: Yes
Laundry: In Unit
Flooring: Hardwood
Parking: Street
Pets: Cats and Dogs OK
Fireplace: No
Deck: No
Square Feet: 400

Apartment ID: 21998

This rental is located in the heart of Lincoln Park and is within walking distance to everything that is amazing about Lincoln Park: public transportation, great restaurants, bars, clubs, coffee shops, boutiques, fantastic shopping, parks and so much more.

Urban Abodes
Equal Housing Opportunity

Last Agent to Sell the Property

Emily Sachs Wong

@properties Christie's International Real Estate License #475104005 Listed on: 03/03/2023

@properties Christie's International Real Estate

Last Buyer's Agent

Annie Schweitzer

Compass License #475149660

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $62,181

Year Built

  • Built in 1890 | Remodeled in 2016

Lot Details

  • 4,400 Sq Ft Lot
  • Lot Dimensions are 25x175
  • Paved or Partially Paved Lot

Parking

  • 3 Car Detached Garage
  • Parking Included in Price

Home Design

  • Brick Exterior Construction
  • Slate Roof
  • Rubber Roof

Interior Spaces

  • 6,391 Sq Ft Home
  • 3-Story Property
  • Open Floorplan
  • Wet Bar
  • Built-In Features
  • Mud Room
  • Family Room
  • Living Room with Fireplace
  • 2 Fireplaces
  • Formal Dining Room
  • Recreation Room
  • Home Gym

Kitchen

  • <<builtInOvenToken>>
  • Gas Cooktop
  • <<microwave>>
  • High End Refrigerator
  • Freezer
  • Dishwasher
  • Wine Refrigerator
  • Disposal

Flooring

  • Wood
  • Heated Floors

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Potential Bedrooms
  • Fireplace in Primary Bedroom
  • Walk-In Closet
  • Soaking Tub
  • Separate Shower

Laundry

  • Laundry Room
  • Laundry on upper level
  • Dryer
  • Washer

Finished Basement

  • English Basement
  • Basement Fills Entire Space Under The House
  • Finished Basement Bathroom

Outdoor Features

  • Deck
  • Patio

Schools

  • Lincoln Elementary School
  • Lincoln Park High School

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Home Details

Home Type

Single Family

Est. Annual Taxes

$62,181

Year Built

Built in 1890 | Remodeled in 2016

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 3 Stories
  • Ownership: Fee Simple
  • New Construction: No
  • Property Sub-Type: 3 Stories
  • Year Built: 1890
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: Commuter Bus,Commuter Train
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2016
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached
  • Year Renovated: 2016

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, High End Refrigerator, Freezer, Washer, Dryer, Disposal, Wine Refrigerator, Built-In Oven, Gas Cooktop, Wall Oven
  • Basement: Full, English
  • Full Bathrooms: 5
  • Half Bathrooms: 2
  • Total Bathrooms: 7
  • Total Bedrooms: 6
  • Fireplaces: 2
  • Interior Amenities: Bar-Wet, Hardwood Floors, Heated Floors, Second Floor Laundry, Built-in Features, Walk-In Closet(s), Open Floorplan
  • LivingArea: 6391
  • Room Type: Deck, Other Room, Bedroom 5, Recreation Room, Exercise Room, Mud Room, Bedroom 6
  • Estimated Total Finished Sq Ft: 6391
  • Basement Description: Finished
  • Bathroom Amenities: Separate Shower,Soaking Tub
  • Basement Bathrooms: Yes
  • Below Grade Bedrooms: 0
  • Dining Room: Separate
  • Total Sq Ft: 6391
  • Fireplace Location: Living Room,Master Bedroom
  • Total Sq Ft: 6391
  • Upper Level Sq Ft: 2601
  • Main Level Sq Ft: 1895
  • Lower Level Sq Ft: 1895
  • Unfinished Lower Sq Ft: 0
  • Bathroom: Full
  • ResoLivingAreaSource: Other

Exterior Features

  • ExteriorFeatures: Deck, Patio, Other
  • List Price: 3450000
  • Roof: Rubber, Slate
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 3
  • Number of Cars: 3
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage
  • Type: Eating Area-Breakfast Bar,Island,Pantry-Closet,Custom Cabinetry,Updated Kitchen

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Natural Gas
  • Laundry Features: Gas Dryer Hookup, In Unit
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • Community Features: Sidewalks, Street Lights, Street Paved
  • Master Association Fee Frequency: Not Required

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Lincoln Elementary School
  • High School: Lincoln Park High School
  • Middle/Junior School: Lincoln Elementary School
  • Middle/Junior School District: 299

Lot Info

  • Lot Size Acres: 0.101
  • Lot Dimensions: 25X175
  • Rural (Y/N): N
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 62180.71
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 3, 2023
Closed on
Apr 29, 2023
Sold by
Cole Michael P and Cole Elizabeth O
Bought by
Pamela A Kocourek Trust
Seller's Agent
Emily Sachs Wong
@properties Christie's International Real Estate
Buyer's Agent
Annie Schweitzer
Compass
List Price
$3,450,000
Sold Price
$3,395,000
Premium/Discount to List
-$55,000
-1.59%
Views
26
Current Estimated Value
$3,649,879

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$254,879
Avg. Annual Appreciation
3.31%

Purchase Details

Closed on
Sep 2, 2005
Sold by
557 West Arlington Llc
Bought by
Cole Michael P and Cole Elizabeth D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,443,500
Interest Rate
5.87%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Feb 22, 2004
Sold by
Harris Todd A and Harzich Joseph J
Bought by
557 West Arlington Llc

Purchase Details

Closed on
Jul 16, 2003
Sold by
Lang Gordon R
Bought by
Harris Todd A and Harzich Joseph J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Interest Rate
4%
Mortgage Type
Construction

Purchase Details

Closed on
Jul 12, 2002
Sold by
Strom Strandell Julie K
Bought by
Lang Gordon R and Gordon R Lang Revocable Trust

Purchase Details

Closed on
Nov 27, 2001
Sold by
Strandell Donald R and Strandell Julie K Strom
Bought by
Strandell Julie K Strom

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
6.52%
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Pamela A Kocourek Trust $3,395,000 Proper Title
Cole Michael P $2,715,000 Chicago Title Insurance Comp
557 West Arlington Llc -- Chicago Title Insurance Comp
Harris Todd A $1,300,000 Cti
Lang Gordon R $875,000 --
Strandell Julie K Strom -- Lawyers Title Insurance Corp
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cole Michael P $2,000,000
Previous Owner Cole Michael P $2,000,000
Previous Owner Cole Michael P $2,000,000
Previous Owner Cole Michael P $2,000,000
Previous Owner Cole Michael P $2,443,500
Previous Owner Harris Todd A $2,000,000
Previous Owner Lang Gordon R $551,098
Previous Owner Strandell Julie K Strom $500,000
Previous Owner Strandell Donald R $470,000
Previous Owner Strandell Donald R $370,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/10/2025 02/10/25 Off Market $1,495 -- --
02/10/2025 02/10/25 Off Market $1,695 -- --
01/05/2025 01/05/25 For Rent -- -- --
12/30/2024 12/30/24 For Rent -- -- --
10/08/2024 10/08/24 Off Market $1,495 -- --
08/01/2024 08/01/24 For Rent $1,695 +13.4% --
01/13/2024 01/13/24 For Rent $1,495 0.0% --
05/01/2023 05/01/23 Sold $3,395,000 -1.6% $531 / Sq Ft
03/15/2023 03/15/23 Pending -- -- --
03/03/2023 03/03/23 For Sale $3,450,000 -- $540 / 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 $54,969 $330,000 $65,560 $264,440
2023 $56,907 $260,529 $52,800 $207,729
2022 $56,907 $276,677 $52,800 $223,877
2021 $62,181 $309,217 $52,800 $256,417
2020 $45,296 $203,331 $31,680 $171,651
2019 $43,927 $218,636 $31,680 $186,956
2018 $43,188 $218,636 $31,680 $186,956
2017 $33,730 $156,688 $28,160 $128,528
2016 $31,383 $156,688 $28,160 $128,528
2015 $28,712 $156,688 $28,160 $128,528
2014 $32,856 $177,086 $23,760 $153,326
2013 $32,207 $177,086 $23,760 $153,326
Source: Public Records

Agents Affiliated with this Home

  • Emily Sachs Wong

    Seller's Agent in 2023

    Emily Sachs Wong

    @ Properties

    (312) 613-0022

    99 in this area

    771 Total Sales

    Emily Sachs Wong
    Section Image
  • Annie Schweitzer

    Buyer's Agent in 2023

    Annie Schweitzer

    Compass

    (847) 602-3228

    2 in this area

    121 Total Sales

    Annie Schweitzer
    Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11730305

Midwest Real Estate Data (MRED)

APN: 14-28-317-008-0000

Illinois Cook County Chicago 60614 Lincoln Park

557 W Arlington Place, Chicago, IL

This home is located at 557 W Arlington Place, Chicago, IL 60614 since 03 March 2023 and is currently estimated at $3,649,879, approximately $571 per square foot. This property was built in 1890. 557 W Arlington Place is a home located in Cook County with nearby schools including Abraham Lincoln Elementary School, Lincoln Park High School, and Saint Clement School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Midwest Real Estate Data (MRED) Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.

The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked.
Notices must be sent in writing by email to DMCAnotice@MLSGrid.com.
The DMCA requires that your notice of alleged copyright infringement include the following information:
(1) description of the copyrighted work that is the subject of claimed infringement;
(2) description of the alleged infringing content and information sufficient to permit us to locate the content;
(3) contact information for you, including your address, telephone number and email address;
(4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law;
(5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and
(6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.

Nearby Homes