$470,000
SOLD MAY 6, 2025
2 Beds
2 Baths
1,460 Sq Ft
$834/mo HOA Fee

Recently Sold

$322 Per Sq Ft

7 Days on Market

Highlights

  • Doorman
  • Beach Access
  • In Ground Pool
  • Lake Front
  • Fitness Center
  • 2-minute walk to Park 517

About This Home

As of May 2025

Stunning Lakefront Condo with Unmatched Views! Experience luxury living in this highly sought-after C-tier condo in the prestigious Malibu building on the Chicago lakefront. This exquisite condominium provides breathtaking views of Lake Michigan, the Chicago skyline, and nearby beaches, providing a serene and picturesque backdrop to your everyday life. The open-concept kitchen is a chef's dream. It showcases high-end appliances and sophisticated finishes, making it perfect for everyday living and entertaining. The kitchen's color palette beautifully reflects its lakefront location, seamlessly blending with the serene hues of Lake Michigan. Redesigned for both style and functionality, the property features two spacious walk-in closets and additional storage spaces. It boasts floor-to-ceiling windows and expensive floors throughout the entire unit. The bathrooms exude chic elegance, featuring luxurious, high-end finishes that create a sense of indulgence in your daily routine The showers in both bathrooms are noticeably roomier than those in other units ensuring added comfort. Step onto the building's longest 37-foot balcony to soak in the panoramic views, and enjoy morning coffee, summer grilling, or stunning fireworks while overlooking the lake, yachts, and city lights. The well-managed lakefront building A 24/7 doorman offers around the clock security. There is an outdoor swimming pool, sauna, sun deck, party room, dry cleaners, bike room, exercise room, 24/7 valet parking and Amazon hub.Everything is 2 steps away: Mariano's, Whole Foods, bus, train, Lake Michigan beaches, running path, and numerous restaurants. This is a rare opportunity to own a piece of paradise in highly desirable Malibu building!

Last Agent to Sell the Property

Ada Belson

@properties Christie's International Real Estate License #475171290 Listed on: 02/20/2025

@properties Christie's International Real Estate

Last Buyer's Agent

Michael Michalak

RE/MAX 10 Lincoln Park License #475114641

RE/MAX 10 Lincoln Park

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,605

Year Built

  • Built in 1969

Lot Details

  • Lake Front

HOA Fees

  • $834 Monthly HOA Fees

Parking

  • 2 Car Garage

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 1,460 Sq Ft Home
  • Entrance Foyer
  • Family Room
  • Combination Dining and Living Room
  • Wood Flooring
  • Laundry Room

Kitchen

  • Cooktop with Range Hood
  • High End Refrigerator
  • Dishwasher
  • Stainless Steel Appliances
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Outdoor Features

  • In Ground Pool
  • Beach Access

Utilities

  • Forced Air Heating and Cooling System
  • Baseboard Heating
  • Lake Michigan Water

Listing and Financial Details

  • Senior Tax Exemptions
  • Homeowner Tax Exemptions

Community Details

Overview

  • Association fees include water, insurance, doorman, tv/cable, clubhouse, exercise facilities, pool, exterior maintenance, lawn care, scavenger, snow removal, internet
  • 356 Units
  • Atica Kalamperovic Association, Phone Number (773) 334-3313
  • High-Rise Condominium
  • Property managed by Chicagoland
  • 39-Story Property

Amenities

  • Doorman
  • Coin Laundry
  • Elevator
  • Service Elevator
  • Package Room
  • Community Storage Space

Recreation

  • Bike Trail

Pet Policy

  • Dogs and Cats Allowed

Security

  • Resident Manager or Management On Site

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,605

Year Built

Built in 1969

Lot Details

0

HOA Fees

$834 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: Condo,High Rise (7+ Stories)
  • Ownership: Condo
  • EntryLevel: 18
  • New Construction: No
  • Property Sub-Type: Condo,High Rise (7+ Stories)
  • Year Built: 1969
  • Age: 51-60 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: Flood Zone
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: Residential
  • MRD_WaterViewYN: Yes
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 39

Interior Features

  • Appliances: Range, Dishwasher, High End Refrigerator, Disposal, Stainless Steel Appliance(s), Cooktop, Range Hood
  • Basement: None
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 2
  • LivingArea: 1460
  • Room Type: Balcony/Porch/Lanai, Foyer, Walk In Closet
  • Stories Total: 39
  • Estimated Total Finished Sq Ft: 0
  • Below Grade Bedrooms: 0
  • Dining Room: Combined w/ LivRm
  • Total Sq Ft: 0
  • Total Sq Ft: 0
  • Flooring: Hardwood
  • ResoLivingAreaSource: Estimated

Exterior Features

  • Construction Materials: Brick
  • ExteriorFeatures: Balcony
  • List Price: 470000
  • Pool Features: In Ground
  • View: Water
  • Waterfront Features: Beach Access, Lake Front
  • Waterfront: Yes

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Heated Garage, On Site, Attached, Garage
  • ParkingTotal: 2

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Electric, Forced Air, Baseboard
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK
  • Association Fee: 834
  • Association Amenities: Bike Room/Bike Trails, Door Person, Coin Laundry, Elevator(s), Exercise Room, Storage, On Site Manager/Engineer, Pool, Receiving Room, Service Elevator(s)
  • Association Fee Frequency: Monthly
  • Management: Manager On-site,Monday through Friday
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: Chicagoland
  • Management Contact Name: Atica Kalamperovic
  • Management Phone: 773-334-3313X10
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Water, Insurance, Doorman, TV/Cable, Clubhouse, Exercise Facilities, Pool, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal, Internet

Schools

  • 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: No
  • Max Pet Weight: 999

Tax Info

  • Tax Annual Amount: 3604.87
  • Tax Year: 2023
  • Tax Exemptions: Homeowner,Senior

Multi Family

  • Units in Building: 356

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 20, 2025
Closed on
May 1, 2025
Sold by
Belson Gary and Belson Ada
Bought by
Rackow Julie and Rackow Ken
Seller's Agent
Ada Belson
@properties Christie's International Real Estate
Buyer's Agent
Michael Michalak
RE/MAX 10 Lincoln Park
List Price
$470,000
Sold Price
$470,000
Views
37
Current Estimated Value
$461,356

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$8,644
Avg. Annual Appreciation
-7.74%

Purchase Details

Closed on
Jul 25, 2024
Sold by
Beauty And The Bricks Llc
Bought by
Belson Gary and Belson Ada

Purchase Details

Closed on
May 17, 1996
Sold by
Nygaard Douglas L and Schmidt Charles J
Bought by
Hefter Terese R
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 Type Sale Price Title Company
Warranty Deed $470,000 First American Title Insurance
Quit Claim Deed -- First American Title
Warranty Deed $135,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $100,000 Credit Line Revolving
Previous Owner $150,000 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/06/2025 05/06/25 Sold $470,000 0.0% $322 / Sq Ft
02/27/2025 02/27/25 Pending -- -- --
02/20/2025 02/20/25 For Sale $470,000 +64.9% $322 / Sq Ft
11/22/2023 11/22/23 Sold $285,000 -3.4% $193 / Sq Ft
10/30/2023 10/30/23 Pending -- -- --
10/24/2023 10/24/23 For Sale $295,000 -- $199 / 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 $3,605 $27,859 $1,391 $26,468
2023 $3,475 $23,054 $760 $22,294
2022 $3,475 $23,054 $760 $22,294
2021 $4,636 $23,053 $760 $22,293
2020 $3,862 $17,338 $642 $16,696
2019 $3,854 $19,184 $642 $18,542
2018 $3,790 $19,184 $642 $18,542
2017 $3,530 $16,400 $558 $15,842
2016 $3,285 $16,400 $558 $15,842
2015 $3,005 $16,400 $558 $15,842
2014 $2,787 $15,019 $425 $14,594
2013 $2,732 $15,019 $425 $14,594
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12291851

Midwest Real Estate Data (MRED)

APN: 14-05-215-015-1139