$59,500
SOLD JAN 31, 2025
2 Beds
1 Bath
900 Sq Ft
$292/mo HOA Fee

Recently Sold

$66 Per Sq Ft

12% Below List Price

61 Days on Market

Highlights

  • Property is near park
  • Resident Manager or Management On Site
  • Dining Room
  • Living Room
  • Laundry Room
  • Family Room

About This Home

As of January 2025

CORPORATE OWNED Condominium unit in the Washington Park neighborhood Sold AS-IS WITH A MOTIVATED SELLER. GREAT OPPORTUNITY FOR RESTORATION AT THIS PRICE. WE ARE SELLING "AS-IS". Proof of funds required for offers to be considered. PLEASE NOTE: THE SELLER WILL TAKE CARE OF CURRENT AND ALL PRIOR TAX BUT 0 CREDIT FOR FUTURE BILLS. NO SURVEY. EXPERIENCED & QUALIFIED DEVELOPERS ONLY. NO wholesale or reselling before rehab is complete. Seller does not collect earnest money, but prefers accelerated closing dates. Property will be transferred via Quit Claim Deed and owners' policy will be provided to insure the transaction. Buyer responsible for title escrow fees at pre-negotiated amount.

Last Agent to Sell the Property

Andre Collins

Andre Collins License #471017754 Listed on: 10/10/2024

Last Buyer's Agent

Stephanie Mitchell

eXp Realty License #475211507

eXp Realty

Property Details

Home Type

  • Condominium

HOA Fees

  • $292 Monthly HOA Fees

Parking

  • Parking Included in Price

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 900 Sq Ft Home
  • 1-Story Property
  • Family Room
  • Living Room
  • Dining Room
  • Laundry Room

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms
  • 1 Full Bathroom

Location

  • Property is near park

Utilities

  • 3+ Cooling Systems Mounted To A Wall/Window
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Community Details

Overview

  • 36 Units
  • Owner Of Record Association, Phone Number (312) 900-1016
  • Property managed by Owner of Record

Pet Policy

  • Dogs and Cats Allowed
  • Breed Restrictions

Security

  • Resident Manager or Management On Site

Property Details

Home Type

Condominium

Lot Details

0

HOA Fees

$292 per month

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: Condo
  • Ownership: Condo
  • New Construction: No
  • Property Sub-Type: Condo
  • Age: Unknown
  • Built Before 1978 (Y/N): No
  • Disability Access and/or Equipped: No
  • General Information: Commuter Bus,Commuter Train,Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Unit Floor Level: 2
  • Actual Status: Closed
  • ResoPropertyType: Residential
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Basement: None
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 2
  • LivingArea: 900
  • Room Type: No additional rooms
  • Stories Total: 1
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: None
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 0
  • ResoLivingAreaSource: Estimated

Exterior Features

  • Lot Features: Park Adjacent
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Parking: None

Utilities

  • Cooling: Window/Wall Units - 3+
  • Heating: Natural Gas
  • Water Source: Lake Michigan, Other

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK, Neutered and/or Declawed Only
  • Association Fee: 292
  • Association Fee Frequency: Monthly
  • Management: Manager Off-site
  • Master Association Fee Frequency: Not Required
  • Management Company: Owner of Record
  • Management Contact Name: Owner of Record
  • Management Phone: 312-900-1016
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Other

Lot Info

  • Lot Dimensions: CONDO
  • Special Assessments: Y

Rental Info

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

Tax Info

  • Tax Year: 2023

Multi Family

  • Units in Building: 36

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 10, 2024
Closed on
Jan 29, 2025
Sold by
Community Initiatives Inc
Bought by
Ur3 Management Llc
Seller's Agent
Andre Collins
Andre Collins
Buyer's Agent
Stephanie Mitchell
eXp Realty
List Price
$68,000
Sold Price
$59,500
Premium/Discount to List
-$8,500
-12.5%
Views
187
Current Estimated Value
$132,599

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$73,099
Avg. Annual Appreciation
126.53%
Original Mortgage
$85,740
Outstanding Balance
$7,366
Interest Rate
6.72%
Mortgage Type
Construction
Estimated Equity
$125,233

Purchase Details

Closed on
Aug 7, 2024
Sold by
Federal National Mortgage Association and Fannie Mae
Bought by
Community Initiatives Inc

Purchase Details

Closed on
Jun 18, 2024
Sold by
Judicial Sales Corporation
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Oct 4, 2018
Sold by
Scott Harris Frances
Bought by
Harris Frances Scott and Scott Anton M

Purchase Details

Closed on
Mar 1, 2000
Sold by
S W F & Company Llc
Bought by
Harris Frances Scott

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,500
Interest Rate
8.27%
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 Type Sale Price Title Company
Quit Claim Deed $59,500 First American Title
Special Warranty Deed $63,659 First American Title
Trustee Deed -- None Listed On Document
Quit Claim Deed -- Chicago Title Insurance Comp
Corporate Deed $90,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $85,740 Construction
Previous Owner $85,500 No Value Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/31/2025 01/31/25 Sold $59,500 -12.5% $66 / Sq Ft
12/10/2024 12/10/24 Pending -- -- --
10/10/2024 10/10/24 For Sale $68,000 -- $76 / 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
2025 -- $10,325 $4,310 $6,015
2024 -- $10,325 $4,310 $6,015
2023 -- $3,000 $1,500 $1,500
2022 $0 $3,000 $1,500 $1,500
2021 $1,185 $2,998 $1,499 $1,499
2020 $1,185 $8,422 $2,093 $6,329
2019 $1,426 $10,528 $2,093 $8,435
2018 $1,401 $10,528 $2,093 $8,435
2017 $725 $6,742 $1,724 $5,018
2016 $850 $6,742 $1,724 $5,018
2015 $755 $6,742 $1,724 $5,018
2014 $1,491 $10,604 $1,477 $9,127
2013 $1,450 $10,604 $1,477 $9,127
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12182719

Midwest Real Estate Data (MRED)

APN: 20-15-118-022-1022