NOT LISTED FOR SALE

561 W Stratford Place Unit 2F Chicago, IL 60657

Lakeview East Neighborhood

Estimated Value: $189,000 - $201,130

1 Bed
1 Bath
700 Sq Ft
$272/mo HOA Fee

Last Sold May 06, 2024

Last sale price $182,000 $260 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $1,538/month

1 Day on Market

Highlights

  • Laundry Room
  • Entrance Foyer
  • Baseboard Heating
  • Nettelhorst Elementary School Rated A-
  • Combination Dining and Living Room
  • Heating System Uses Steam

About This Home

As of May 2024

Prime Lakeview location on a serene one-way street, close to the lakefront, restaurants, shopping and transportation. Large 1 bed/1 bath home is located in the rear of the building with views of mature trees. Located on the second floor the unit offers a large, combined family room and dining area, open kitchen with full size appliances and newer windows providing ample sunlight and views. The primary bedroom boasts 165 sqft of private space, with large closet featuring a California Closet built-in system. The building offers a large foyer with elevator access, laundry facility, bike room and storage unit. Along with low HOA fees that include HEAT, this well-run building offers assigned covered/uncovered parking for an additional low fee. Investor friendly with no rental cap.

Last Agent to Sell the Property

Kathryn Brom

john greene, Realtor License #475180044 Listed on: 04/05/2024

john greene, Realtor

Last Buyer's Agent

Kathryn Brom

john greene, Realtor License #475180044 Listed on: 04/05/2024

john greene, Realtor

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,970

Year Built

  • Built in 1965

Lot Details

  • 7,013

HOA Fees

  • $272 Monthly HOA Fees

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 700 Sq Ft Home
  • 4-Story Property
  • Entrance Foyer
  • Family Room
  • Combination Dining and Living Room
  • Carpet
  • Range
  • Laundry Room

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Potential Bedroom
  • 1 Full Bathroom

Parking

  • 1 Parking Space
  • Assigned Parking

Schools

  • Nettelhorst Elementary School
  • Lake View High School

Utilities

  • Baseboard Heating
  • 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, lawn care, scavenger, snow removal
  • 23 Units
  • Mike Association, Phone Number (773) 878-3300
  • Property managed by Prairie Shores Property Management

Amenities

  • Coin Laundry
  • Community Storage Space

Recreation

  • Bike Trail

Pet Policy

  • Pets up to 20 lbs
  • Dogs and Cats Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,970

Year Built

Built in 1965

Lot Details

0

HOA Fees

$272 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: 1965
  • Age: 51-60 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 4

Interior Features

  • Appliances: Range, Refrigerator
  • Basement: None
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 1
  • LivingArea: 700
  • Room Type: Foyer
  • Stories Total: 4
  • Estimated Total Finished Sq Ft: 0
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Combined w/ LivRm
  • Total Sq Ft: 0
  • Total Sq Ft: 0
  • Flooring: Carpet
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • List Price: 180000
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Parking Features: Assigned
  • ParkingTotal: 1
  • Highest Parking Fee: 135
  • Lowest Parking Fee: 125
  • Parking Fee/Lease $: 125

Utilities

  • Sewer: Public Sewer
  • Cooling: Wall Unit(s)
  • Heating: Steam, Baseboard
  • Laundry Features: Common Area
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK
  • Association Fee: 272
  • Association Amenities: Bike Room/Bike Trails, Coin Laundry, Storage
  • Association Fee Frequency: Monthly
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: Prairie Shores Property Management
  • Management Contact Name: Mike
  • Management Phone: 773-878-3300
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Heat, Water, Gas, Insurance, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal

Schools

  • Elementary School: Nettelhorst Elementary School
  • High School: Lake View High School
  • Middle/Junior School: Nettelhorst 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: No
  • Max Pet Weight: 20

Tax Info

  • Tax Annual Amount: 1970.15
  • Tax Year: 2022
  • Tax Exemptions: Homeowner

Multi Family

  • Units in Building: 23

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 5, 2024
Closed on
Apr 25, 2024
Sold by
Fazio Brian P and Fazio Loni M
Bought by
Chang Henry
Seller's Agent
Kathryn Brom
john greene, Realtor
Buyer's Agent
Kathryn Brom
john greene, Realtor
List Price
$180,000
Sold Price
$182,000
Premium/Discount to List
$2,000
1.11%
Total Days on Market
1
Views
33
Current Estimated Value
$196,283

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$14,283
Avg. Annual Appreciation
7.25%

Purchase Details

Closed on
Dec 30, 2011
Sold by
Fazio Brian P
Bought by
Fazio Brian P and Fazio Loni M

Purchase Details

Closed on
Jan 13, 2004
Sold by
Hetzler Meryde J
Bought by
Fazio Brian P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,275
Interest Rate
4.25%
Mortgage Type
Unknown

Purchase Details

Closed on
Aug 8, 2001
Sold by
Hetzler Scott T and Hetzler Tina L
Bought by
Hetzler Meryde J and Mark W Hetzler Trust #200

Purchase Details

Closed on
Nov 18, 1996
Sold by
Dorin Raquel N
Bought by
Hetzler Scott T and Carr Tina L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,400
Interest Rate
7.37%

Purchase Details

Closed on
Oct 29, 1993
Sold by
Ropka Sheryl L
Bought by
Dorin Raquel N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$42,400
Interest Rate
7%
Source: Public Records

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Range of Values:

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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
Chang Henry $182,000 Citywide Title
Fazio Brian P -- None Available
Fazio Brian P $164,500 Multiple
Hetzler Meryde J $130,000 --
Hetzler Scott T $63,000 Attorneys Natl Title Network
Dorin Raquel N $35,333 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Fazio Brian P $127,500
Previous Owner Fazio Brian P $30,000
Previous Owner Fazio Brian P $156,275
Previous Owner Hetzler Meryde J $130,000
Previous Owner Hetzler Scott T $50,400
Previous Owner Dorin Raquel N $42,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/06/2024 05/06/24 Sold $182,000 +1.1% $260 / Sq Ft
04/07/2024 04/07/24 Pending -- -- --
04/05/2024 04/05/24 For Sale $180,000 -- $257 / 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 $1,970 $17,911 $3,811 $14,100
2023 $1,970 $13,000 $3,074 $9,926
2022 $1,970 $13,000 $3,074 $9,926
2021 $1,944 $12,999 $3,073 $9,926
2020 $2,033 $12,227 $2,028 $10,199
2019 $2,002 $13,392 $2,028 $11,364
2018 $1,967 $13,392 $2,028 $11,364
2017 $1,259 $9,224 $1,782 $7,442
2016 $1,488 $9,925 $1,782 $8,143
2015 $1,338 $9,925 $1,782 $8,143
2014 $1,443 $10,344 $1,460 $8,884
2013 $2,116 $14,262 $1,460 $12,802
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11995849

Midwest Real Estate Data (MRED)

APN: 14-21-306-043-1005