$413,000
SOLD OCT 11, 2024

653 W Melrose St Unit 1S Chicago, IL 60657

Lakeview East Neighborhood
3 Beds
2 Baths
-- Sq Ft
$649/mo HOA Fee

Recently Sold

17% Below List Price

81 Days on Market

Highlights

  • Wood Flooring
  • Formal Dining Room
  • Balcony
  • Nettelhorst Elementary School Rated A-
  • Stainless Steel Appliances
  • Intercom

About This Home

As of October 2024

Charming East Lakeview duplex. 3 bedroom, 2 bath with 3 outdoor spaces, sunny east and west exposures. This practical and well-located home features hardwood floors on main foor, a cozy foyer, nicely updated kitchen cabinets, stainless appliances and wood-burning fireplace. Extra storage and bike storage are available in common. Vintage-style, professionally managed, intimate 18-unit walk-up with reasonable HOA expenses. Located near East Lakeview's shopping, dining and public transit. A short distance to Lake Michigan or Wrigley Field and close to Nettelhorst, this home is a rare find in a prime location.

Last Agent to Sell the Property

Michael Ritchie

@properties Christie's International Real Estate License #475155175 Listed on: 06/14/2024

@properties Christie's International Real Estate

Last Buyer's Agent

Matt Laricy

Americorp, Ltd License #471003711

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $8,168

Year Built

  • 1917

HOA Fees

  • $649 Monthly HOA Fees

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 3-Story Property
  • Wood Burning Fireplace
  • Entrance Foyer
  • Family Room
  • Living Room with Fireplace
  • Formal Dining Room
  • Storage

Kitchen

  • Range
  • Microwave
  • Freezer
  • Dishwasher
  • Stainless Steel Appliances
  • Disposal

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

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

Laundry

  • Laundry Room
  • Dryer
  • Washer

Finished Basement

  • Basement Fills Entire Space Under The House
  • Finished Basement Bathroom

Home Security

  • Home Security System
  • Intercom

Outdoor Features

  • Balcony

Schools

  • Nettelhorst Elementary School

Utilities

  • Forced Air Heating and Cooling System
  • Humidifier
  • Heating System Uses Natural Gas
  • Lake Michigan Water
  • Cable TV Available

Community Details

Overview

  • Association fees include water, insurance, exterior maintenance, scavenger, snow removal
  • 18 Units
  • Association Phone (773) 477-9141
  • Property managed by Cagan Management

Amenities

  • Community Storage Space

Recreation

  • Bike Trail

Pet Policy

  • Dogs and Cats Allowed

Security

  • Resident Manager or Management On Site
  • Storm Screens
  • Carbon Monoxide Detectors

Property Details

Home Type

Condominium

Est. Annual Taxes

$8,168

Year Built

1917

Lot Details

0

HOA Fees

$649 per month

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: Condo-Duplex
  • Ownership: Condo
  • New Construction: No
  • Property Sub-Type: Condo-Duplex
  • Age: Unknown
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Unit Floor Level: 1
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 3
  • Year Built (Public Record): 1917

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Freezer, Washer, Dryer, Disposal, Stainless Steel Appliance(s)
  • Basement: Full
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace Features: Wood Burning
  • Fireplaces: 1
  • Interior Amenities: Hardwood Floors, Laundry Hook-Up in Unit, Storage
  • Other Equipment: Humidifier, Security System, Intercom, CO Detectors
  • Room Type: Foyer, Walk In Closet
  • Stories Total: 3
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: Finished
  • Basement Bathrooms: Yes
  • Below Grade Bedrooms: 0
  • Dining Room: Separate
  • Total Sq Ft: 0
  • Fireplace Location: Living Room
  • Total Sq Ft: 0
  • Flooring: Carpet

Exterior Features

  • ExteriorFeatures: Balcony, Storms/Screens, Cable Access
  • List Price: 429000
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Parking: None

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Electric: Circuit Breakers
  • Heating: Natural Gas, Forced Air
  • Laundry Features: In Unit
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK
  • Association Fee: 649
  • Association Amenities: Bike Room/Bike Trails, Storage
  • Association Fee Frequency: Monthly
  • Management: Manager Off-site
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: Cagan Management
  • Management Contact Name: NA
  • Management Phone: 773-477-9141X00000
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Water, Insurance, Exterior Maintenance, Scavenger, Snow Removal

Schools

  • Elementary School: Nettelhorst Elementary School
  • Middle/Junior School District: 299

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: CONDO
  • 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: 8168
  • Tax Year: 2022
  • Tax Exemptions: None

Multi Family

  • Units in Building: 18

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 14, 2024
Closed on
Oct 11, 2024
Sold by
Jones Kim A and Renton Peter
Bought by
Hirjak Jacob and Flood Madison Marie
Seller's Agent
Michael Ritchie
@properties Christie's International Real Estate
Buyer's Agent
Matt Laricy
Americorp, Ltd
List Price
$499,000
Sold Price
$413,000
Premium/Discount to List
-$86,000
-17.23%
Total Days on Market
81
Views
161
Current Estimated Value
$442,862

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$29,862
Avg. Annual Appreciation
11.34%
Original Mortgage
$400,610
Outstanding Balance
$398,132
Interest Rate
5.88%
Mortgage Type
New Conventional
Estimated Equity
$44,730

Purchase Details

Closed on
Oct 30, 2017
Sold by
Rossi Elizabeth and Koontz Matthew
Bought by
Jones Kim A and Renton Peter

Purchase Details

Listed on
May 16, 2015
Closed on
Jul 10, 2015
Sold by
Langerman Charlotte F and Langerman Alex
Bought by
Rossi Elizabeth
Seller's Agent
Mark Baetzel
@properties Christie's International Real Estate
Buyer's Agent
Mark Baetzel
@properties Christie's International Real Estate
List Price
$399,000
Sold Price
$406,000
Premium/Discount to List
$7,000
1.75%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.88%
Original Mortgage
$284,200
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 24, 2006
Sold by
Brinker Brett T and Slay Heather A
Bought by
Walker Charlotte F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$242,000
Interest Rate
6.37%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jul 1, 2004
Sold by
Clarkin William and Clarkin Suzanne
Bought by
Brinker Brett T and Slay Heather A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
6.37%
Mortgage Type
Unknown

Purchase Details

Closed on
Nov 15, 1995
Sold by
Mid Town Bank & Trust Company Of Chicago
Bought by
Sipllers Ronald K and Corwin Kelly K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$155,750
Interest Rate
7.52%
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
Warranty Deed $413,000 None Listed On Document
Warranty Deed $390,000 Jp Title Guaranty Inc
Warranty Deed $406,000 Ct
Warranty Deed $392,000 Chicago Title Insurance Co
Warranty Deed $360,000 Stewart Title Of Illinois
Trustee Deed $195,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $400,610 New Conventional
Previous Owner $284,200 New Conventional
Previous Owner $216,550 New Conventional
Previous Owner $236,330 Unknown
Previous Owner $242,000 Fannie Mae Freddie Mac
Previous Owner $320,000 Unknown
Previous Owner $203,850 No Value Available
Previous Owner $155,750 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/11/2024 10/11/24 Sold $413,000 -3.7% --
09/04/2024 09/04/24 Pending -- -- --
07/26/2024 07/26/24 Price Changed $429,000 -4.5% --
07/11/2024 07/11/24 Price Changed $449,000 -2.2% --
06/20/2024 06/20/24 Price Changed $459,000 -8.0% --
06/14/2024 06/14/24 For Sale $499,000 0.0% --
06/26/2023 06/26/23 Rented $3,300 0.0% --
06/01/2023 06/01/23 Under Contract -- -- --
05/26/2023 05/26/23 For Rent $3,300 +15.8% --
05/27/2021 05/27/21 Rented $2,850 -1.7% --
05/04/2021 05/04/21 Under Contract -- -- --
04/16/2021 04/16/21 For Rent $2,900 0.0% --
07/24/2015 07/24/15 Sold $406,000 +1.8% --
05/28/2015 05/28/15 Pending -- -- --
05/16/2015 05/16/15 For Sale $399,000 -- --
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
2024 $8,168 $39,777 $13,506 $26,271
2023 $8,168 $39,715 $10,892 $28,823
2022 $8,168 $39,715 $10,892 $28,823
2021 $7,986 $39,714 $10,891 $28,823
2020 $7,336 $32,929 $4,792 $28,137
2019 $7,233 $36,003 $4,792 $31,211
2018 $7,112 $36,003 $4,792 $31,211
2017 $6,736 $34,666 $4,211 $30,455
2016 $6,443 $34,666 $4,211 $30,455
2015 $5,872 $34,666 $4,211 $30,455
2014 $4,963 $29,319 $3,449 $25,870
2013 $5,332 $29,319 $3,449 $25,870
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12079493

Midwest Real Estate Data (MRED)

APN: 14-21-313-064-1006