NOT LISTED FOR SALE

5588 N Lincoln Ave Unit 501 Chicago, IL 60625

Lincoln Square Neighborhood

Estimated Value: $286,000 - $330,000

1 Bed
1 Bath
-- Sq Ft
$244/mo HOA Fee

Last Sold June 01, 2021

Last sale price $225,000

Est. 34% increase in value since last sale

Current estimated payment $2,191/month

26 Days on Market

Highlights

  • Lock-and-Leave Community
  • 1 Car Attached Garage
  • Dogs and Cats Allowed
  • Elevator
  • Central Air
  • Community Storage Space

About This Home

As of June 2021

TOP FLOOR! Well maintained 1 bed 1 bath with living room and dining room (or den!) in Lincoln Square. South east facing with private balcony. Unit has in unit washer and dryer and radiant heated floors throughout the entire unit! Large bedroom with walk in closet and en suite bathroom. Tons of natural light. Attached heated garage is included in the price (P12) with storage locker in front (S12). Assessments include heat, gas, water and trash. Close to restaurants (San Soo Gab San, The Angry Crab, Shwarma Inn, Hubs), breweries (Half Acre, Spiteful), grocery stores (Tony's), transportation and parks (Legion Park, River Park - with dog park, and Mather Park). Easy access to the highway as well!

Last Agent to Sell the Property

Erin Feinerman

@properties Christie's International Real Estate License #475167266 Listed on: 03/25/2021

@properties Christie's International Real Estate

Last Buyer's Agent

Ali Gursoy

DeGras Hill Properties, Inc. License #471018823

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,717

Year Built

  • Built in 2005

Lot Details

  • 0.59

HOA Fees

  • $244 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Parking Included in Price

Home Design

  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Potential Bedroom
  • 1 Full Bathroom

Schools

  • Jamieson Elementary School
  • Mather High School

Utilities

  • Central Air
  • Heating Available
  • 100 Amp Service

Community Details

Overview

  • Association fees include water, gas, parking, insurance, scavenger
  • 35 Units
  • Scott Association
  • Property managed by Robie Mgmt
  • Lock-and-Leave Community
  • 5-Story Property

Amenities

  • Elevator
  • Community Storage Space

Pet Policy

  • Dogs and Cats Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,717

Year Built

Built in 2005

Lot Details

0

HOA Fees

$244 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: Condo
  • Ownership: Condo
  • New Construction: No
  • Property Sub-Type: Condo
  • Year Built: 2005
  • Age: 16-20 Years
  • Built Before 1978 (Y/N): No
  • Disability Access and/or Equipped: No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Unit Floor Level: 5
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 5

Interior Features

  • Basement: None
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 1
  • Room Type: No additional rooms
  • Stories Total: 5
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: None
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 0
  • Total Sq Ft: 0

Exterior Features

  • List Price: 230000
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 1
  • Number of Cars: 1
  • Garage On-Site: Yes
  • Garage Type: Attached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Electric: Circuit Breakers, 100 Amp Service
  • Heating: Electric
  • Water Source: Public

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK
  • Association Fee: 244
  • Association Amenities: Elevator(s), Storage, Security Door Lock(s)
  • Association Fee Frequency: Monthly
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: Robie Mgmt
  • Management Contact Name: Scott
  • Management Phone: 999-999-9999

Fee Information

  • Association Fee Includes: Water, Gas, Parking, Insurance, Scavenger

Schools

  • Elementary School: Jamieson Elementary School
  • High School: Mather High School
  • Middle/Junior School District: 299

Lot Info

  • Lot Dimensions: COMMON
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Pets Allowed (Y/N): Yes
  • Is Parking Included in Price: Yes
  • Max Pet Weight: 999

Tax Info

  • Tax Annual Amount: 3717
  • Tax Year: 2019
  • Tax Exemptions: None

Multi Family

  • Units in Building: 35

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 25, 2021
Closed on
May 28, 2021
Sold by
Lentz Kevin and Lentz Jordan
Bought by
Loughlin Tuba Yalcin
Seller's Agent
Erin Feinerman
@properties Christie's International Real Estate
Buyer's Agent
Ali Gursoy
DeGras Hill Properties, Inc.
List Price
$240,000
Sold Price
$225,000
Premium/Discount to List
-$15,000
-6.25%
Current Estimated Value
$302,100

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$77,100
Avg. Annual Appreciation
5.98%
Original Mortgage
$180,000
Outstanding Balance
$139,605
Interest Rate
2.25%
Mortgage Type
New Conventional
Estimated Equity
$149,278

Purchase Details

Listed on
Aug 31, 2017
Closed on
Jan 23, 2018
Sold by
Lake Hora Investments Llc
Bought by
Lentz Kevin and Lentz Jordan
Seller's Agent
Matthew Liss
Mark Allen Realty ERA Powered
Buyer's Agent
Jarrod Enright
Redfin Corporation
List Price
$250,000
Sold Price
$239,000
Premium/Discount to List
-$11,000
-4.4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.79%

Purchase Details

Closed on
Nov 3, 2014
Sold by
Tilahun Ermias
Bought by
Lake Hora Investments Llc

Purchase Details

Closed on
Nov 29, 2007
Sold by
Ldc/Bryn Mawr Lincoln Llc
Bought by
Tilahun Md Ermias

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,000
Interest Rate
6.31%
Mortgage Type
Purchase Money Mortgage
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
Loughlin Tuba Yalcin $225,000 Stewart Title Company
Lentz Kevin $239,000 None Available
Lake Hora Investments Llc -- None Available
Tilahun Md Ermias $260,000 Cti
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Loughlin Tuba Yalcin $180,000
Previous Owner Tilahun Ermias $173,000
Previous Owner Tilahun Md Ermias $208,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/01/2021 06/01/21 Sold $225,000 -2.2% --
04/20/2021 04/20/21 Pending -- -- --
04/14/2021 04/14/21 Price Changed $230,000 -4.2% --
03/25/2021 03/25/21 For Sale $240,000 +0.4% --
01/24/2018 01/24/18 Sold $239,000 -4.4% --
12/21/2017 12/21/17 Pending -- -- --
08/31/2017 08/31/17 For Sale $250,000 -- --
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 $4,047 $22,979 $2,022 $20,957
2023 $4,627 $22,500 $1,794 $20,706
2022 $4,627 $22,500 $1,794 $20,706
2021 $4,524 $22,498 $1,793 $20,705
2020 $3,703 $16,623 $972 $15,651
2019 $3,717 $18,501 $972 $17,529
2018 $3,655 $18,501 $972 $17,529
2017 $2,818 $13,091 $870 $12,221
2016 $2,622 $13,091 $870 $12,221
2015 $2,399 $13,091 $870 $12,221
2014 $1,952 $10,523 $767 $9,756
2013 $1,914 $10,523 $767 $9,756
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD11032265

Midwest Real Estate Data (MRED)

APN: 13-12-201-056-1031