NOT LISTED FOR SALE

742 W Melrose St Unit 2 Chicago, IL 60657

Lakeview East Neighborhood

Estimated Value: $399,640 - $453,000

2 Beds
1 Bath
1,200 Sq Ft
$292/mo HOA Fee

Last Sold April 01, 2022

Last sale price $344,000 $287 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $2,949/month

8 Days on Market

Highlights

  • Rooftop Deck
  • Wood Flooring
  • Covered Patio or Porch
  • Nettelhorst Elementary School Rated A-
  • End Unit
  • Sundeck

About This Home

As of April 2022

A spacious 2-bedroom in the heart of Boystown/ East Lakeview.

Welcome to your new apartment in East Lakeview, housed in a charming vintage building that captures the essence of the neighborhood. This 2-bedroom, 1-bathroom space offers plenty of room to unwind or entertain. The large living room, complete with a gas fireplace, is inviting for cozy nights in or hosting friends. The primary bedroom is spacious enough for a king bed, while the second bedroom is versatile and ideal for a home office, guests, or a co-living situation.

You'll enjoy a dining room that's perfect for dinner parties, and an updated kitchen featuring white cabinets and black granite countertops, plus a pantry to store all your favorite snacks. Convenience is key here, with a new stackable Samsung washer and dryer and a sleek black marble bathroom equipped with a large linen closet.

Step outside to a shared porch or the recently remodeled rooftop deck that is perfect for the Pride Parade and Market Days. With plenty of natural light from the north and south-facing windows, refinished hardwood floors, and a storage unit in the basement, this apartment checks all the boxes.

Available for move-in on October 1st with showings starting after September 16th after the floors are refinished and the apartment painted, this is your opportunity to be in the thick of the action while enjoying all the comforts of home.

Tenants pay for: Electricity, gas, and internet
Utilities included: Water
Move-in Fee or Security Deposit: Move-in fee $500
Lease Term: 12 MONTHS
Application Fee: $75 application fee per adult applicant (18 years of age and older). Must have 650 or above credit with no bankruptcies or evictions.

Last Agent to Sell the Property

Jennifer Mills

Jameson Sotheby's Intl Realty License #471015050 Listed on: 02/17/2022

Jameson Sotheby's Intl Realty

Co-Listed By

Mary Egebrecht

Jameson Sotheby's Intl Realty License #475162278

Last Buyer's Agent

Elias Masud

Compass License #475163294

Compass

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,621

Year Built

  • Built in 1920

Lot Details

  • End Unit

HOA Fees

  • $292 Monthly HOA Fees

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 3-Story Property
  • Gas Log Fireplace
  • Living Room with Fireplace
  • Formal Dining Room
  • Storage
  • Wood Flooring

Kitchen

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

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Home Security

Parking

  • 1 Parking Space
  • Off Alley Driveway
  • Uncovered Parking
  • Off Alley Parking
  • Parking Space Is On A Transferrable Lease
  • Transferrable Lease on Garage
  • Assigned Parking

Outdoor Features

  • Rooftop Deck
  • Covered Patio or Porch

Schools

  • Nettelhorst Elementary School
  • Lake View High School

Utilities

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

Listing and Financial Details

  • Homeowner Tax Exemptions

Community Details

Overview

  • Association fees include water, insurance, exterior maintenance, lawn care, scavenger, snow removal
  • 13 Units
  • Minnie Porter Association, Phone Number (847) 998-0404
  • Property managed by NS Management Co

Amenities

  • Sundeck
  • Community Storage Space

Recreation

  • Bike Trail

Pet Policy

  • Limit on the number of pets
  • Dogs and Cats Allowed

Security

  • Resident Manager or Management On Site
  • Storm Screens

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,621

Year Built

Built in 1920

Lot Details

0

HOA Fees

$292 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: 1920
  • Age: 100+ 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: 2
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 3

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Disposal, Stainless Steel Appliance(s)
  • Basement: None
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace Features: Gas Log, Gas Starter
  • Fireplaces: 1
  • Interior Amenities: Hardwood Floors, Laundry Hook-Up in Unit, Storage
  • Room Type: No additional rooms
  • Stories Total: 3
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: None
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Separate
  • Total Sq Ft: 0
  • Fireplace Location: Living Room
  • Total Sq Ft: 0

Exterior Features

  • ExteriorFeatures: Deck, Roof Deck, Storms/Screens, End Unit, Cable Access
  • List Price: 358000
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Parking Features: Assigned, Off Alley
  • ParkingTotal: 1
  • Number of Cars: 1
  • Driveway: Off Alley
  • Parking: Space/s
  • Parking On-Site: No
  • Parking Ownership: Transferrable Lease
  • Lowest Parking Fee: 160

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, Number Limit
  • Association Fee: 292
  • Association Amenities: Bike Room/Bike Trails, Storage, Sundeck, Covered Porch
  • Association Fee Frequency: Monthly
  • Management: Manager Off-site
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: NS Management Co
  • Management Contact Name: Minnie Porter
  • Management Phone: 847-998-0404
  • ResoAssociationFeeFrequency: Monthly

Fee Information

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

Schools

  • Elementary School: Nettelhorst Elementary School
  • High School: Lake View High School
  • Middle/Junior School: Nettelhorst Elementary School
  • 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: 5621.06
  • Tax Year: 2020
  • Tax Exemptions: Homeowner

Multi Family

  • Units in Building: 13

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 17, 2022
Closed on
Apr 1, 2022
Sold by
Keller Julie C
Bought by
Llewellyn Sean
Seller's Agent
Jennifer Mills
Jameson Sotheby's Intl Realty
Buyer's Agent
Elias Masud
Compass
List Price
$358,000
Sold Price
$344,000
Premium/Discount to List
-$14,000
-3.91%
Current Estimated Value
$430,410

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$86,410
Avg. Annual Appreciation
6.48%
Original Mortgage
$326,800
Outstanding Balance
$306,117
Interest Rate
3.99%
Mortgage Type
New Conventional
Estimated Equity
$124,293

Purchase Details

Closed on
Jan 23, 2006
Sold by
Bobroff Gretchen L and Sigler Gretchen L
Bought by
Keller Julie C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$259,200
Interest Rate
5.55%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Aug 28, 2002
Sold by
Shearon Sheila H
Bought by
Sigler Gretchen L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$224,800
Interest Rate
5.37%

Purchase Details

Closed on
Mar 4, 1996
Sold by
742 West Melrose Llc
Bought by
Shearon Sheila H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,100
Interest Rate
7.06%
Mortgage Type
Balloon
Source: Public Records

Range of Values:

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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
Llewellyn Sean $344,000 None Listed On Document
Keller Julie C $324,000 Rtc
Sigler Gretchen L -- --
Shearon Sheila H $139,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Llewellyn Sean $326,800
Previous Owner Keller Julie C $259,200
Previous Owner Sigler Gretchen L $224,800
Previous Owner Shearon Sheila H $110,100
Closed Sigler Gretchen L $28,100
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/19/2024 10/19/24 Off Market $2,950 -- --
09/22/2024 09/22/24 For Rent $2,950 0.0% --
04/01/2022 04/01/22 Sold $344,000 -3.9% $287 / Sq Ft
02/26/2022 02/26/22 Pending -- -- --
02/17/2022 02/17/22 For Sale $358,000 -- $298 / 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 $4,786 $31,447 $9,116 $22,331
2023 $4,644 $26,001 $7,352 $18,649
2022 $4,644 $26,001 $7,352 $18,649
2021 $4,558 $25,999 $7,351 $18,648
2020 $5,621 $28,335 $3,234 $25,101
2019 $5,536 $30,983 $3,234 $27,749
2018 $5,442 $30,983 $3,234 $27,749
2017 $4,983 $26,522 $2,842 $23,680
2016 $4,812 $26,522 $2,842 $23,680
2015 $4,379 $26,522 $2,842 $23,680
2014 $4,214 $25,283 $2,327 $22,956
2013 $4,120 $25,283 $2,327 $22,956
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11326687

Midwest Real Estate Data (MRED)

APN: 14-21-311-063-1002