NOT LISTED FOR SALE

5701 N Meade Ave Chicago, IL 60646

Norwood Park Neighborhood

Estimated Value: $409,000 - $485,000

5 Beds
3 Baths
1,298 Sq Ft
$354/Sq Ft Est. Value

Last Sold December 27, 2021

Last sale price $395,000 $304 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $3,036/month

68 Days on Market

Highlights

  • Corner Lot
  • Fenced Yard
  • Bungalow
  • Lower Floor Utility Room
  • 2 Car Detached Garage
  • Ceiling Fan

About This Home

As of December 2021

TREMENDOUS UPSIDE ON THIS 2 UNIT IN NORWOOD PARK! HIGHLY SOUGHT OUT OCTAGON 2 UNIT IN ONE OF THE MOST DESIRABLE NEIGHBORHOODS IN ALL OF CHICAGO! 1ST FLOOR (OWNERS APT) IS ENORMOUS AND HAS 3 BEDROOMS. EXPANSIVE ROOMS SIZES, HIGH CEILINGS AND HAS DIRECT ACCESS TO BASEMENT WITH FUTURE POTENTIAL GROWTH (DUPLEX POTENTIAL)! UPPER LEVEL UNIT (CURRENTLY RENTED AND ON A MTM BASIS), HAS 2 BEDROOMS AND IS MAINTAINED QUITE NICELY. FULL BASEMENT W/EXTERIOR ACCESS TO YARD & GARAGE. LARGE/OVERSIZED CHICAGO CORNER LOT W/BEAUTIFUL WROUGHT IRON GATE/FENCE. DETACHED GARAGE IS DEEP & ALLOWS FOR LARGER CARS & NO DEALING W/ DIBS PARKING! LOCATED JUST MINUTES TO EXPRESSWAY, ALL MAJOR SHOPPING, JEFFERSON PARK & ALL PUBLIC TRANSPORTATION! RECENT UPDATES INCLUDE WINDOWS, ELECTRICAL, SUMP PUMP W/DRAIN TILES! NOT A FORECLOSURE OR SHORT SALE JUST APPROPRIATELY PRICED! AS-IS CONDITION!

Last Agent to Sell the Property

Omar Azam

Berkshire Hathaway HomeServices Starck Real Estate License #475144182 Listed on: 08/27/2021

Berkshire Hathaway HomeServices Starck Real Estate

Last Buyer's Agent

Jaime Ashley Campos

RE/MAX LOYALTY License #475157922

RE/MAX LOYALTY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,848

Year Built

  • Built in 1930

Lot Details

  • Lot Dimensions are 36x124
  • Fenced Yard
  • Corner Lot
  • Paved or Partially Paved Lot

Parking

  • 2 Car Detached Garage
  • Garage Transmitter
  • Garage Door Opener
  • Parking Space is Owned

Home Design

  • Bungalow
  • Brick Exterior Construction
  • Asphalt Roof

Interior Spaces

  • Ceiling Fan
  • Lower Floor Utility Room

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Potential Bedrooms
  • 3 Bathrooms

Partially Finished Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry
  • Sump Pump
  • Basement Storage

Utilities

  • Radiator
  • Heating System Uses Steam
  • Lake Michigan Water

Community Details

  • 2 Units

Listing and Financial Details

  • Homeowner Tax Exemptions

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,848

Year Built

Built in 1930

Lot Details

4,269 Sq Ft Lot

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Bungalow
  • New Construction: No
  • Year Built: 1930
  • Age: 91-100 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 3
  • Total Bedrooms: 5
  • Other Equipment: Ceiling Fan(s), Sump Pump
  • Room Type: Utility Room-Lower Level
  • Basement Description: Partially Finished,Exterior Access,Storage Space
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Garage/Space,Hardwood Floors,Walk-In Closet
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Window Air Conditioner

Exterior Features

  • Lot Features: Corner Lot, Fenced Yard
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 2
  • ParkingTotal: 2
  • Garage Details: Garage Door Opener(s),Transmitter(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Heating: Steam, Radiator(s)
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks, Street Lights, Street Paved

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 36X124
  • Zoning: MULTI
  • Lot Size: Oversized Chicago Lot
  • Special Assessments: N

Rental Info

  • Board Number: 10

Tax Info

  • Tax Annual Amount: 5848.09
  • Tax Year: 2020
  • Tax Exemptions: Homeowner

Multi Family

  • Units in Building: 2
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 2 Flat

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 27, 2021
Closed on
Dec 27, 2021
Sold by
Masood Azam and Estate Of Mohammed Ather Masoo
Bought by
Muneton Erik
Seller's Agent
Omar Azam
Berkshire Hathaway HomeServices Starck Real Estate
Buyer's Agent
Jaime Ashley Campos
RE/MAX LOYALTY
List Price
$409,000
Sold Price
$395,000
Premium/Discount to List
-$14,000
-3.42%
Current Estimated Value
$460,067

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$65,067
Avg. Annual Appreciation
3.67%
Original Mortgage
$316,000
Outstanding Balance
$290,417
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$169,650

Purchase Details

Closed on
Mar 25, 2009
Sold by
Beasley Kathleen
Bought by
Masood Mohammed Ather

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$264,000
Interest Rate
5.11%
Mortgage Type
Unknown
Source: Public Records
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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
Muneton Erik $395,000 First American Title
Masood Mohammed Ather $330,000 Heritage Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Muneton Erik $316,000
Previous Owner Masood Mohammed Ather $264,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/27/2021 12/27/21 Sold $395,000 -3.4% $304 / Sq Ft
11/05/2021 11/05/21 Pending -- -- --
08/28/2021 08/28/21 For Sale $409,000 -- $315 / Sq Ft
Source: Midwest Real Estate Data (MRED)

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
2025 $7,386 $38,000 $13,249 $24,751
2024 $7,386 $38,000 $13,249 $24,751
2023 $7,200 $35,000 $10,685 $24,315
2022 $7,200 $35,000 $10,685 $24,315
2021 $6,369 $35,004 $10,689 $24,315
2020 $5,848 $29,354 $6,838 $22,516
2019 $5,864 $32,616 $6,838 $25,778
2018 $6,244 $35,044 $6,838 $28,206
2017 $5,347 $28,212 $5,983 $22,229
2016 $5,150 $28,212 $5,983 $22,229
2015 $4,961 $29,697 $5,983 $23,714
2014 $4,184 $25,117 $5,128 $19,989
2013 $4,090 $25,117 $5,128 $19,989
Source: Public Records

Agents Affiliated with this Home

  • Omar Azam

    Seller's Agent in 2021

    Omar Azam

    Berkshire Hathaway HomeServices Starck Real Estate

    (630) 440-5261

    1 in this area

    99 Total Sales

    Omar Azam
    Section Image
  • Jaime Ashley Campos

    Buyer's Agent in 2021

    Jaime Ashley Campos

    RE/MAX

    (708) 715-7258

    5 in this area

    370 Total Sales

    Jaime Ashley Campos
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11202978

Midwest Real Estate Data (MRED)

APN: 13-05-323-023-0000

Illinois Cook County Chicago 60646 Norwood Park

5701 N Meade Ave, Chicago, IL

Not Listed for Sale

MultiFamily

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.
Based on information submitted to the MLS GRID

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