NOT LISTED FOR SALE

6553 S University Ave Unit 102 Chicago, IL 60637

Woodlawn Neighborhood

Estimated Value: $238,000 - $275,000

3 Beds
2 Baths
-- Sq Ft
$321/mo HOA Fee

Last Sold May 11, 2022

Last sale price $205,000

Est. 21% increase in value since last sale

Current estimated payment $1,915/month

26 Days on Market

Highlights

  • Wood Flooring
  • Combination Dining and Living Room
  • Dogs and Cats Allowed
  • Forced Air Heating and Cooling System
  • Family Room
  • 2-minute walk to Boswell (Arnita Young) Park

About This Home

As of May 2022

3 Bedroom, 2 Bath condo located in the booming Woodlawn neighborhood. This 1st floor duplex is perfect for anyone looking for space to spread out and nice size bedrooms. This unit was previously used as a long time rental but has been very well maintained and looking for a new owner to fall in love with it. It is close to the University of Chicago, Lake Michigan, public transportation, 15 mins away from Downtown Chicago, and so much more new construction and development proposed for the emerging neighborhood.

Last Agent to Sell the Property

Jasmine Baynes

EXIT Strategy Realty License #475159710 Listed on: 02/15/2022

EXIT Strategy Realty

Last Buyer's Agent

Brittney Burton

RE/MAX Premier License #475161936

RE/MAX  Premier

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,581

Year Built

  • Built in 1939

Lot Details

  • 0.29

HOA Fees

  • $321 Monthly HOA Fees

Interior Spaces

  • 3-Story Property
  • Family Room
  • Living Room with Fireplace
  • Combination Dining and Living Room
  • Wood Flooring
  • Washer and Dryer Hookup

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms
  • 2 Full Bathrooms

Finished Basement

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

Parking

  • 1 Parking Space
  • Uncovered Parking
  • Parking Included in Price

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Community Details

Overview

  • Association fees include water, insurance, exterior maintenance, lawn care, snow removal
  • 16 Units
  • Association Phone (773) 913-2569
  • Property managed by Connected Management

Pet Policy

  • Dogs and Cats Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,581

Year Built

Built in 1939

Lot Details

0

HOA Fees

$321 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: 1939
  • Age: 81-90 Years
  • 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

Interior Features

  • Basement: Full
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplaces: 1
  • Interior Amenities: Hardwood Floors, Laundry Hook-Up in Unit
  • Room Type: No additional rooms
  • Stories Total: 3
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: Finished
  • Basement Bathrooms: Yes
  • Below Grade Bedrooms: 0
  • Dining Room: Combined w/ LivRm
  • Total Sq Ft: 0
  • Fireplace Location: Living Room
  • Total Sq Ft: 0

Exterior Features

  • List Price: 199000
  • Waterfront: No
  • Exterior Building Type: Brick,Limestone

Garage/Parking

  • ParkingTotal: 1
  • Number of Cars: 1
  • Parking: Space/s
  • Parking On-Site: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Natural Gas, Forced Air
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK
  • Association Fee: 321
  • Association Fee Frequency: Monthly
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: Connected Management
  • Management Contact Name: Unknown
  • Management Phone: 773-913-2569
  • ResoAssociationFeeFrequency: Monthly

Fee Information

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

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: Yes
  • Max Pet Weight: 0

Tax Info

  • Tax Annual Amount: 1581.4
  • Tax Year: 2020

Multi Family

  • Units in Building: 16

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 15, 2022
Closed on
May 11, 2022
Sold by
Icarus Holdings 4 Llc
Bought by
Bell Keyala K
Seller's Agent
Jasmine Baynes
EXIT Strategy Realty
Buyer's Agent
Brittney Burton
RE/MAX Premier
List Price
$203,000
Sold Price
$205,000
Premium/Discount to List
$2,000
0.99%
Current Estimated Value
$248,867

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$43,867
Avg. Annual Appreciation
7.94%
Original Mortgage
$201,286
Outstanding Balance
$190,446
Interest Rate
4.13%
Mortgage Type
FHA
Estimated Equity
$73,527

Purchase Details

Closed on
Dec 30, 2020
Sold by
Icarus Holdings Portfolio Llc
Bought by
Icarus Holdings 4 Llc

Purchase Details

Closed on
Nov 14, 2018
Sold by
Racioppi Frank
Bought by
Icarus Holdings Portfolio Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,732,000
Interest Rate
4.8%
Mortgage Type
Commercial

Purchase Details

Listed on
Sep 16, 2013
Closed on
May 16, 2014
Sold by
Fannie Mae
Bought by
Racioppi Frank
Seller's Agent
Arthur Cirignani
Chicago Realty Partners, Ltd
Buyer's Agent
Lamar Austin
Reserved Realty LLC
List Price
$78,900
Sold Price
$58,500
Premium/Discount to List
-$20,400
-25.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.41%
Original Mortgage
$52,650
Interest Rate
5.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 26, 2013
Sold by
Bank Of America Na
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Jul 16, 2007
Sold by
Lewis James C
Bought by
Leavy Karen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,750
Interest Rate
6.63%
Mortgage Type
Unknown

Purchase Details

Closed on
May 21, 2007
Sold by
Lang Craig A
Bought by
Lewis James C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,750
Interest Rate
6.63%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

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Average Value
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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
Bell Keyala K $205,000 None Listed On Document
Icarus Holdings 4 Llc -- Old Republic Title
Icarus Holdings Portfolio Llc -- Chicago Title Land Trust Com
Racioppi Frank $58,500 Attorneys Title Guaranty Fun
Federal National Mortgage Association -- None Available
Leavy Karen $226,000 Git
Lewis James C -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bell Keyala K $201,286
Previous Owner Icarus Holdings Portfolio Llc $1,732,000
Previous Owner Icarus Holdings Portfolio Llc $1,732,000
Previous Owner Racioppi Frank $52,650
Previous Owner Leavy Karen $225,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/11/2022 05/11/22 Sold $205,000 +3.0% --
03/14/2022 03/14/22 Pending -- -- --
03/08/2022 03/08/22 Price Changed $199,000 -2.0% --
02/15/2022 02/15/22 For Sale $203,000 +247.0% --
06/23/2014 06/23/14 Sold $58,500 -10.0% --
05/05/2014 05/05/14 Pending -- -- --
03/27/2014 03/27/14 Price Changed $64,999 -7.1% --
02/25/2014 02/25/14 Price Changed $69,999 -6.5% --
01/23/2014 01/23/14 Price Changed $74,900 -5.1% --
12/19/2013 12/19/13 For Sale $78,900 0.0% --
12/05/2013 12/05/13 Pending -- -- --
10/21/2013 10/21/13 Price Changed $78,900 -17.8% --
09/16/2013 09/16/13 For Sale $96,000 -- --
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 $2,897 $21,701 $926 $20,775
2023 $3,496 $17,000 $926 $16,074
2022 $3,496 $17,000 $926 $16,074
2021 $3,418 $16,999 $926 $16,073
2020 $1,581 $7,099 $814 $6,285
2019 $1,571 $7,821 $814 $7,007
2018 $1,545 $7,821 $814 $7,007
2017 $1,616 $7,509 $740 $6,769
2016 $1,504 $7,509 $740 $6,769
2015 $2,489 $13,581 $740 $12,841
2014 $2,330 $15,126 $611 $14,515
2013 $2,273 $15,126 $611 $14,515
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11324953

Midwest Real Estate Data (MRED)

APN: 20-23-118-034-1002