71 E 16th St Unit 3 Chicago, IL 60616
South Loop Neighborhood
2
Beds
2
Baths
1,600
Sq Ft
$190/mo
HOA Fee
Highlights
- Wood Flooring
- Granite Countertops
- Laundry Room
- Whirlpool Bathtub
- Walk-In Closet
- 1-minute walk to Fred Anderson Park
About This Home
As of July 2024Priced to sell, don't miss this opportunity! Beautiful and spacious, recently painted 2 bed/2 bath plus bonus room in an amazing location in the city of Chicago. One covered parking spot, secured and gated included in price, with interior stairs to the spot. A second spot can be available for an extra fee, plenty of street parking. Low HOA fees. 10ft ceiling, large windows that allow abundance of natural light. Generous size master bedroom with walk-in closet, dual vanity, jacuzzi tub and separate shower. Coat closet at the entrance, balcony off master bedroom, gas fireplace, beautiful recently refinished Brazilian cherry hardwood flooring. A bonus room that can be used as an office or storage space. Central A/C and heat, as well as washer/dryer in unit! The kitchen has beautiful granite counter tops with a breakfast bar, matching granite backsplash, and newer stainless steel appliances. Tons of storage! Great location. Proximity to Lake Shore Drive, Highway 90 / 94 Kennedy Expressway, & CTA Red & Orange Line EL trains. 4 blocks to Roosevelt Red Line. Half block to CTA bus stop. Within 2 miles from Millennium Park and Grant Park. Amazing access to green & natural spaces. Lake Front biking & running trail. Walking distance to Michigan Ave, Lake Michigan, Soldier Field, McCormick Place, Wintrust Arena, Burnham Harbor, Fred Anderson Dog Park, Mark Twain Park, Coliseum Park, Cotton Tail Park & Play Lot & Northerly Island, Museum Campus. Mariano's, South Loop Market, Trader Joe's, & Target are just few of the stores available. Enjoy neighborhood favorites: Chicago Oyster House, Pizza @ Flo & Santos, Kai Sushi, The Burger Point, & Coffee at Tea Pot Brew Bakery. Pet friendly and move-in ready! Investors are welcome! Long and short term rentals allowed. This place has so much to offer!
Last Agent to Sell the Property
Real People Realty License #475173867 Listed on: 09/30/2022
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $6,962
Year Built
- Built in 2002
HOA Fees
- $190 Monthly HOA Fees
Home Design
- Brick Exterior Construction
Interior Spaces
- 1,600 Sq Ft Home
- 4-Story Property
- Living Room with Fireplace
- Combination Dining and Living Room
- Wood Flooring
Kitchen
- Range
- Microwave
- Dishwasher
- Granite Countertops
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Potential Bedrooms
- Walk-In Closet
- 2 Full Bathrooms
- Dual Sinks
- Whirlpool Bathtub
- Separate Shower
Laundry
- Laundry Room
- Dryer
- Washer
Home Security
Parking
- 1 Parking Space
- Uncovered Parking
- Parking Included in Price
- Assigned Parking
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
- Lake Michigan Water
- Mechanical Septic System
Community Details
Overview
- Association fees include water, insurance, exterior maintenance, scavenger, snow removal
- 4 Units
- John Hall Association, Phone Number (312) 618-1865
- Property managed by 71E 16th Street Condo Association
Pet Policy
- Dogs and Cats Allowed
Security
- Carbon Monoxide Detectors
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 27, 2024
Closed on
Jul 18, 2024
Sold by
Cody Ross and Kane Rachel
Bought by
Carmichael Joshua
Seller's Agent
Rachel Kane
@properties Christie's International Real Estate
Buyer's Agent
Hilary Kaden
@properties
List Price
$415,000
Sold Price
$397,000
Premium/Discount to List
-$18,000
-4.34%
Views
17
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$25,238
Avg. Annual Appreciation
6.29%
Original Mortgage
$377,150
Outstanding Balance
$374,566
Interest Rate
6.88%
Mortgage Type
New Conventional
Estimated Equity
$47,672
Purchase Details
Listed on
Sep 30, 2022
Closed on
Nov 21, 2022
Sold by
Mcphearson Anthony L
Bought by
Cody Ross and Kane Rachel
Seller's Agent
Aliona Holtz
Real People Realty
Buyer's Agent
Klopas Stratton Team
Jameson Sotheby's Int'l Realty
List Price
$374,999
Sold Price
$370,000
Premium/Discount to List
-$4,999
-1.33%
Views
38
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.26%
Original Mortgage
$277,500
Interest Rate
7.63%
Mortgage Type
Construction
Purchase Details
Closed on
May 18, 2013
Sold by
Mcphearson Cheryl R
Bought by
Mcphearson Anthony L
Purchase Details
Closed on
Jun 1, 2007
Sold by
Newsome James
Bought by
Mcphearson Anthony and Mcphearson Cheryl
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$359,000
Interest Rate
6.22%
Mortgage Type
Unknown
Purchase Details
Closed on
Dec 11, 2006
Sold by
Hsbc Bank Usa Na
Bought by
Newsome James
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$310,000
Interest Rate
6.27%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
May 12, 2006
Sold by
Ramos Noe
Bought by
Hsbc Bank Usa Na and The Registered Holders Of Ace Securities
Purchase Details
Closed on
Jun 13, 2005
Sold by
Ramos Noe
Bought by
A T Sterling Properties
Purchase Details
Closed on
Sep 15, 2004
Sold by
Rhymes Doris
Bought by
Ramos Noe
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$336,000
Interest Rate
7.7%
Mortgage Type
Unknown
Purchase Details
Closed on
Jan 9, 2004
Sold by
Northside Community Bank
Bought by
Rhymes Doris
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$380,000
Interest Rate
5.91%
Mortgage Type
Unknown
Similar Homes in Chicago, IL
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $397,000 | Chicago Title | |
| Warranty Deed | $370,000 | Citywide Title | |
| Warranty Deed | $370,000 | Citywide Title | |
| Interfamily Deed Transfer | -- | None Available | |
| Warranty Deed | $359,000 | Ctic | |
| Special Warranty Deed | -- | None Available | |
| Legal Action Court Order | -- | None Available | |
| Quit Claim Deed | -- | -- | |
| Warranty Deed | $420,000 | Exeter Title Company | |
| Deed | $400,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $377,150 | New Conventional | |
| Previous Owner | $277,500 | Construction | |
| Previous Owner | $15,000 | Credit Line Revolving | |
| Previous Owner | $309,647 | New Conventional | |
| Previous Owner | $359,000 | Unknown | |
| Previous Owner | $310,000 | Purchase Money Mortgage | |
| Previous Owner | $336,000 | Unknown | |
| Previous Owner | $380,000 | Unknown | |
| Closed | $84,000 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/31/2024 07/31/24 | Sold | $397,000 | -2.0% | $248 / Sq Ft |
| 06/11/2024 06/11/24 | Pending | -- | -- | -- |
| 06/09/2024 06/09/24 | Price Changed | $405,000 | -2.4% | $253 / Sq Ft |
| 05/27/2024 05/27/24 | For Sale | $415,000 | +12.2% | $259 / Sq Ft |
| 11/21/2022 11/21/22 | Sold | $370,000 | -1.3% | $231 / Sq Ft |
| 10/16/2022 10/16/22 | Pending | -- | -- | -- |
| 09/30/2022 09/30/22 | For Sale | $374,999 | -- | $234 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
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 | $6,985 | $38,149 | $12,393 | $25,756 |
| 2023 | $6,809 | $33,000 | $11,731 | $21,269 |
| 2022 | $6,809 | $33,000 | $11,731 | $21,269 |
| 2021 | $6,656 | $32,999 | $11,731 | $21,268 |
| 2020 | $6,962 | $31,250 | $8,190 | $23,060 |
| 2019 | $6,836 | $34,026 | $8,190 | $25,836 |
| 2018 | $6,721 | $34,026 | $8,190 | $25,836 |
| 2017 | $6,666 | $30,964 | $6,766 | $24,198 |
| 2016 | $6,202 | $30,964 | $6,766 | $24,198 |
| 2015 | $5,674 | $30,964 | $6,766 | $24,198 |
| 2014 | $5,445 | $29,347 | $6,054 | $23,293 |
| 2013 | $5,338 | $29,347 | $6,054 | $23,293 |
Source: Public Records
Agents Affiliated with this Home
-
Seller's Agent in 2024
Rachel Kane
@ Properties
(708) 359-1630
4 in this area
29 Total Sales
-
Buyer's Agent in 2024
Hilary Kaden
@properties
(773) 822-4032
3 in this area
69 Total Sales
-
Seller's Agent in 2022
Aliona Holtz
Real People Realty
(773) 273-0280
1 in this area
48 Total Sales
-
Buyer's Agent in 2022
Klopas Stratton Team
Jameson Sotheby's Int'l Realty
(312) 927-0334
5 in this area
623 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11641820
APN: 17-22-301-059-1003
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