NOT LISTED FOR SALE

711 W Melrose St Unit D1 Chicago, IL 60657

Lakeview East Neighborhood

Estimated Value: $256,000 - $283,000

1 Bed
1 Bath
700 Sq Ft
$305/mo HOA Fee

Last Sold October 01, 2024

Last sale price $270,000 $386 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $2,126/month

2 Days on Market

Highlights

  • Granite Countertops
  • Walk-In Closet
  • Dogs and Cats Allowed
  • Nettelhorst Elementary School Rated A-
  • Central Air
  • Wood Burning Fireplace

About This Home

As of October 2024

Exquisite stylish rehab with enormous private patio and dedicated parking in Lake View East! Boutique property with only 18 units on a gorgeous tree lined street within a block of Belmont, Broadway and Halsted. Lovingly cared for by original owner. Upgrades include white-washed exposed brick, new bathroom and California Closets. In-unit washer/dryer. Beautiful hardwood floors throughout. Large master bedroom leads to a perfect private patio for relaxing and entertaining. ONE DEDICATED PARKING SPOT INCLUDED IN THE PRICE! Well-funded condo association is currently completing several beautification projects around the property. Very low assessments! Enjoy the best of Lake View, walk to the lake, the El and Wrigley Field.

Last Agent to Sell the Property

Howard Arbetman

Chicago Condo Rentals, Inc. License #471011813 Listed on: 08/28/2024

Last Buyer's Agent

Edward Grochowiak

@properties Christie's International Real Estate License #475165116

@properties Christie's International Real Estate

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,469

Year Built

  • Built in 1975 | Remodeled in 2004

Lot Details

  • Additional Parcels

HOA Fees

  • $305 Monthly HOA Fees

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 700 Sq Ft Home
  • 3-Story Property
  • Wood Burning Fireplace
  • Includes Fireplace Accessories
  • Granite Countertops
  • Washer and Dryer Hookup

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Potential Bedroom
  • Walk-In Closet
  • 1 Full Bathroom

Parking

  • 1 Parking Space
  • Alley Access
  • Uncovered Parking
  • Parking Included in Price
  • Assigned Parking

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Community Details

Overview

  • Association fees include water, parking, insurance, exterior maintenance, lawn care, scavenger, snow removal
  • 18 Units
  • Rafiq Abdullah Association, Phone Number (773) 975-7234
  • Property managed by Kass

Pet Policy

  • Pets up to 100 lbs
  • Dogs and Cats Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,469

Year Built

Built in 1975 | Remodeled in 2004

Lot Details

0

HOA Fees

$305 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: 1975
  • Age: 41-50 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Unit Floor Level: 1
  • Rehab Year: 2004
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 3
  • Year Renovated: 2004

Interior Features

  • Basement: None
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 1
  • Fireplace Features: Wood Burning, Includes Accessories
  • Fireplaces: 1
  • Interior Amenities: Laundry Hook-Up in Unit, Walk-In Closet(s), Granite Counters
  • LivingArea: 700
  • 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
  • Total Sq Ft: 0
  • ResoLivingAreaSource: Estimated

Exterior Features

  • List Price: 260000
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Parking Features: Assigned, Alley Access
  • ParkingTotal: 1
  • Parking: Space/s
  • Parking On-Site: Yes

Utilities

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

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK
  • Association Fee: 305
  • Association Amenities: None
  • Association Fee Frequency: Monthly
  • Master Association Fee Frequency: Not Required
  • Management Company: Kass
  • Management Contact Name: Rafiq Abdullah
  • Management Phone: 773-975-7234
  • ResoAssociationFeeFrequency: Monthly

Fee Information

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

Schools

  • Middle/Junior School District: 299

Lot Info

  • Additional Parcels Description: 14213130711025
  • Additional Parcels: Yes
  • 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: 100

Tax Info

  • Tax Annual Amount: 4469.31
  • Tax Year: 2023
  • Tax Exemptions: None

Multi Family

  • Units in Building: 18

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 28, 2024
Closed on
Sep 26, 2024
Sold by
Rupert Aleta M
Bought by
Pinto Marissa
Seller's Agent
Howard Arbetman
Chicago Condo Rentals, Inc.
Buyer's Agent
Edward Grochowiak
@properties Christie's International Real Estate
List Price
$260,000
Sold Price
$270,000
Premium/Discount to List
$10,000
3.85%
Total Days on Market
2
Views
10
Current Estimated Value
$265,463

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$4,537
Avg. Annual Appreciation
-2.46%
Original Mortgage
$261,900
Outstanding Balance
$260,449
Interest Rate
6.46%
Mortgage Type
New Conventional
Estimated Equity
$5,014

Purchase Details

Closed on
Aug 18, 2005
Sold by
711 Melrose Llc
Bought by
Rupert Aleta M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$207,920
Interest Rate
6.45%
Mortgage Type
Fannie Mae Freddie Mac
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 Buyer Sale Price Title Company
Pinto Marissa $270,000 Fidelity National Title
Rupert Aleta M $260,000 Ctic
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pinto Marissa $261,900
Previous Owner Rupert Aleta M $249,200
Previous Owner Rupert Aleta M $262,500
Previous Owner Rupert Aleta M $207,920
Previous Owner Rupert Aleta M $51,980
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/01/2024 10/01/24 Sold $270,000 +3.8% $386 / Sq Ft
08/30/2024 08/30/24 Pending -- -- --
08/28/2024 08/28/24 For Sale $260,000 -- $371 / 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 $4,027 $23,577 $8,888 $14,689
2023 $4,027 $23,000 $7,168 $15,832
2022 $4,027 $23,000 $7,168 $15,832
2021 $4,625 $22,999 $7,167 $15,832
2020 $4,002 $17,966 $3,153 $14,813
2019 $3,948 $19,650 $3,153 $16,497
2018 $3,882 $19,650 $3,153 $16,497
2017 $4,190 $19,463 $2,771 $16,692
2016 $3,898 $19,463 $2,771 $16,692
2015 $3,567 $19,463 $2,771 $16,692
2014 $3,514 $18,937 $2,269 $16,668
2013 $3,444 $18,937 $2,269 $16,668
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12149793

Midwest Real Estate Data (MRED)

APN: 14-21-313-071-1010