NOT LISTED FOR SALE

5842 N Wayne Ave Unit 2 Chicago, IL 60660

Edgewater Neighborhood

Estimated Value: $322,000 - $398,000

2 Beds
1 Bath
-- Sq Ft
$350/mo HOA Fee

Last Sold March 04, 2022

Last sale price $272,000

Est. 29% increase in value since last sale

Current estimated payment $2,569/month

99 Days on Market

Highlights

  • Intercom
  • Living Room
  • Dining Room
  • Building Patio
  • Property is near bus stop
  • 5-minute walk to Broadway Armory Park

About This Home

As of March 2022

Spacious and sunny home in an extremely well-cared-for building in Edgewater. Walking distance to Andersonville's shops. This condo has kept its vintage charm and has a completely updated kitchen with new cabinets, lovely backsplash, a new refrigerator, dishwasher, and microwave. Updates in the bathroom include a beautiful new vanity and lighting. Freshly painted with great storage space available in the building. Excellent floor plan with hardwood floors throughout. Amazing outdoor space! Close to CTA, Grocery, Restaurants, and Lake, and bike path.

Last Agent to Sell the Property

Dan Nelson

Compass License #475189264 Listed on: 10/05/2021

Compass

Last Buyer's Agent

Pam Saul

Realty ONE Group Karmma License #471022176

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,828

Year Built

  • Built in 1925

Lot Details

  • 6,273

HOA Fees

  • $350 Monthly HOA Fees

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 3-Story Property
  • Family Room
  • Living Room
  • Dining Room
  • Intercom

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms
  • 1 Full Bathroom

Location

  • Property is near bus stop

Utilities

  • One Cooling System Mounted To A Wall/Window
  • Two Cooling Systems Mounted To A Wall/Window
  • Radiant Heating System
  • Lake Michigan Water

Community Details

Overview

  • Association fees include water, security, exterior maintenance, lawn care, snow removal
  • 14 Units
  • Katie Miller Association, Phone Number (312) 882-6476
  • Property managed by Self-Managed

Amenities

  • Building Patio
  • Picnic Area
  • Coin Laundry
  • Community Storage Space

Recreation

  • Bike Trail

Pet Policy

  • Dogs and Cats Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,828

Year Built

Built in 1925

Lot Details

0

HOA Fees

$350 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: 1925
  • Age: 91-100 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): No
  • Unit Floor Level: 2
  • New Construction Y/N: No
  • Actual Status: Closed
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 3

Interior Features

  • Basement: None
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 2
  • Room Type: No additional rooms
  • Stories Total: 3
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: None
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 0

Exterior Features

  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Number of Cars: 0
  • Parking: None

Utilities

  • Sewer: Public Sewer
  • Cooling: Window/Wall Unit - 1, Window/Wall Units - 2
  • Heating: Radiant
  • Water Source: Lake Michigan, Public

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK
  • Association Fee: 350
  • Association Amenities: Bike Room/Bike Trails, Coin Laundry, Storage, Intercom, Patio, Public Bus, Picnic Area
  • Association Fee Frequency: Monthly
  • Management: Self-Management
  • Master Association Fee Frequency: Not Required
  • Management Company: Self-Managed
  • Management Contact Name: Katie Miller
  • Management Phone: 312-882-6476
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Water, Security, Exterior Maintenance, Lawn Care, Snow Removal

Lot Info

  • Lot Dimensions: COMMON
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Pets Allowed (Y/N): Yes
  • Is Parking Included in Price: No
  • Max Pet Weight: 999

Tax Info

  • Tax Annual Amount: 3828.21
  • Tax Year: 2020

Multi Family

  • Units in Building: 14

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 5, 2021
Closed on
Mar 16, 2022
Sold by
Lawson David E
Bought by
Manzanares Mariana and Rochester Emily
Seller's Agent
Dan Nelson
Compass
Buyer's Agent
Pam Saul
Realty ONE Group Karmma
List Price
$290,000
Sold Price
$272,000
Premium/Discount to List
-$18,000
-6.21%
Current Estimated Value
$351,583

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$79,583
Avg. Annual Appreciation
6.86%
Original Mortgage
$204,000
Outstanding Balance
$188,295
Interest Rate
3.38%
Estimated Equity
$163,288

Purchase Details

Listed on
Oct 5, 2021
Closed on
Feb 22, 2022
Sold by
Lawson David E
Bought by
Manzanares Mariana and Rochester Emily
Seller's Agent
Dan Nelson
Compass
Buyer's Agent
Pam Saul
Realty ONE Group Karmma
List Price
$290,000
Sold Price
$272,000
Premium/Discount to List
-$18,000
-6.21%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$204,000
Outstanding Balance
$188,295
Interest Rate
3.38%
Estimated Equity
$163,288

Purchase Details

Closed on
Sep 2, 2005
Sold by
Taruc Gregorio A
Bought by
Lawson David E and Gavaghan Bridget A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$188,800
Interest Rate
5.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 15, 1997
Sold by
5840 Wayne Inc
Bought by
Taruc Gregorio A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$98,000
Interest Rate
7.5%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Manzanares Mariana $272,000 --
Manzanares Mariana $272,000 --
Lawson David E $236,000 Cti
Taruc Gregorio A $109,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Manzanares Mariana $204,000
Closed Manzanares Mariana $204,000
Previous Owner Lawson David E $188,800
Previous Owner Taruc Gregorio A $98,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/04/2022 03/04/22 Sold $272,000 -6.2% --
01/13/2022 01/13/22 Pending -- -- --
10/05/2021 10/05/21 For Sale $290,000 -- --
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
2025 $4,575 $27,994 $5,224 $22,770
2024 $4,575 $27,994 $5,224 $22,770
2023 $4,438 $25,000 $4,200 $20,800
2022 $4,438 $25,000 $4,200 $20,800
2021 $4,357 $24,999 $4,200 $20,799
2020 $3,828 $20,287 $2,415 $17,872
2019 $3,821 $22,448 $2,415 $20,033
2018 $3,756 $22,448 $2,415 $20,033
2017 $4,625 $24,861 $2,100 $22,761
2016 $4,479 $24,861 $2,100 $22,761
2015 $4,311 $26,151 $2,100 $24,051
2014 $3,453 $21,179 $1,601 $19,578
2013 $3,374 $21,179 $1,601 $19,578
Source: Public Records

Agents Affiliated with this Home

  • Dan Nelson

    Seller's Agent in 2022

    Dan Nelson

    Compass

    (773) 295-1751

    7 in this area

    182 Total Sales

    Dan Nelson
    Section Image

  • P

    Buyer's Agent in 2022

    Pam Saul

    Realty ONE Group Karmma

    (833) 472-5373

    1 in this area

    66 Total Sales

    Pam Saul
    Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11233789

Midwest Real Estate Data (MRED)

APN: 14-05-313-024-1006

Illinois Cook County Chicago 60660 Edgewater

5842 N Wayne Ave Unit 2, Chicago, IL

Not Listed for Sale

Condos

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