NOT LISTED FOR SALE

744 W Melrose St Unit 2 Chicago, IL 60657

Lakeview East Neighborhood

Estimated Value: $340,000 - $371,000

1 Bed
1 Bath
1,000 Sq Ft
$260/mo HOA Fee

Last Sold March 24, 2022

Last sale price $282,500 $282 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $2,510/month

2 Days on Market

Highlights

  • Rooftop Deck
  • Wood Flooring
  • Formal Dining Room
  • Nettelhorst Elementary School Rated A-
  • Granite Countertops
  • Intercom

About This Home

As of March 2022

Positioned on a beautifully tree-lined street just blocks from Lincoln Park and the Lake, this classic brick building with impeccable landscaping welcomes residents and visitors alike. This updated home is filled with charm from the moment you step inside the front entry. The spacious living room features a wood burning fireplace and east-facing bay window, flooding the entire space with natural light. The open dining room with large west-facing window flows graciously into the updated kitchen, featuring granite countertops and expansive island, making the ideal space for entertaining friends or an intimate night in. From the kitchen, step onto a generously sized deck, perfect for a morning cup of coffee or an evening night cap. Retreat to the spacious master bedroom with ceiling fan and large closet plus adjoining updated bath. The recently remodeled walk-in laundry room features new washer/dryer and ample storage for extra curriculars and other needs. Additionally, this unit comes with a large storage unit located in the basement. Finally, wander to the shared, oversized roof deck for beautiful views of the city skyline and Wrigley stadium. Located in the heart of Lakeview, this captivating one-bedroom condo exudes character and appeal, just around the corner from great restaurants, bars, coffee shops and grocery stores, making ease of living unmatched

Last Agent to Sell the Property

Kara Couzens

Jameson Sotheby's Int'l Realty License #475191536 Listed on: 01/20/2022

Last Buyer's Agent

Chris Vernald

Corcoran Urban Real Estate License #475140372

Corcoran Urban Real Estate

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,625

Year Built

  • Built in 1920 | Remodeled in 1995

Lot Details

  • 6,490

HOA Fees

  • $260 Monthly HOA Fees

Parking

  • Driveway

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 1,000 Sq Ft Home
  • 3-Story Property
  • Ceiling Fan
  • Wood Burning Fireplace
  • Fireplace With Gas Starter
  • Attached Fireplace Door
  • Family Room with Fireplace
  • Living Room
  • Formal Dining Room
  • Storage
  • Wood Flooring
  • Intercom

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Granite Countertops
  • Disposal

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Potential Bedroom
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Rooftop Deck

Utilities

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

Community Details

Overview

  • Association fees include water, insurance, security, exterior maintenance, lawn care, scavenger, snow removal
  • 13 Units
  • Association Phone (847) 328-5444
  • Low-Rise Condominium
  • Vintage
  • Property managed by Wesley Realty

Amenities

  • Common Area
  • Community Storage Space

Pet Policy

  • Dogs and Cats Allowed

Security

  • Resident Manager or Management On Site
  • Storm Screens

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,625

Year Built

Built in 1920 | Remodeled in 1995

Lot Details

0

HOA Fees

$260 per month

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: Condo,Low Rise (1-3 Stories),Vintage
  • Ownership: Condo
  • New Construction: No
  • Property Sub-Type: Condo,Low Rise (1-3 Stories),Vintage
  • 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): Yes
  • Unit Floor Level: 2
  • Rehab Year: 1995
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 3
  • Year Renovated: 1995

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Disposal
  • Basement: None
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 1
  • Fireplace Features: Wood Burning, Attached Fireplace Doors/Screen, Gas Starter
  • Fireplaces: 1
  • Interior Amenities: Hardwood Floors, Laundry Hook-Up in Unit, Storage, Granite Counters
  • LivingArea: 1000
  • Other Equipment: Intercom, Ceiling Fan(s)
  • Room Type: Deck
  • 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: Family Room
  • Total Sq Ft: 0

Exterior Features

  • ExteriorFeatures: Deck, Roof Deck, Storms/Screens
  • List Price: 295000
  • Lot Features: Common Grounds
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Number of Cars: 0
  • Driveway: Concrete
  • Parking: None

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Natural Gas
  • Laundry Features: In Unit
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK
  • Association Fee: 260
  • Association Amenities: Storage
  • Association Fee Frequency: Monthly
  • Management: Manager Off-site
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: Wesley Realty
  • Management Contact Name: N/A
  • Management Phone: 847-328-5444
  • ResoAssociationFeeFrequency: Monthly

Fee Information

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

Schools

  • Middle/Junior School District: 299

Lot Info

  • Additional Parcels: No
  • 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: 5625
  • Tax Year: 2020

Multi Family

  • Units in Building: 13

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 20, 2022
Closed on
Mar 25, 2022
Sold by
Nardone Christopher A and Grimes Erin L
Bought by
Stephan Kyle D
Seller's Agent
Kara Couzens
Jameson Sotheby's Int'l Realty
Buyer's Agent
Chris Vernald
Corcoran Urban Real Estate
List Price
$295,000
Sold Price
$282,500
Premium/Discount to List
-$12,500
-4.24%
Current Estimated Value
$352,061

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$69,561
Avg. Annual Appreciation
6.31%
Original Mortgage
$268,375
Outstanding Balance
$252,120
Interest Rate
4.42%
Estimated Equity
$99,941

Purchase Details

Listed on
Jan 20, 2022
Closed on
Mar 22, 2022
Sold by
Nardone Christopher A and Grimes Erin L
Bought by
Stephan Kyle D
Seller's Agent
Kara Couzens
Jameson Sotheby's Int'l Realty
Buyer's Agent
Chris Vernald
Corcoran Urban Real Estate
List Price
$295,000
Sold Price
$282,500
Premium/Discount to List
-$12,500
-4.24%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$268,375
Outstanding Balance
$252,120
Interest Rate
4.42%
Estimated Equity
$99,941

Purchase Details

Listed on
Mar 1, 2018
Closed on
Mar 15, 2018
Sold by
Lalmalani Sapna G and Segal Andrew
Bought by
Grimes Erin L and Nardone Christopher A
Seller's Agent
Puja Mohindra
@properties Christie's International Real Estate
Buyer's Agent
Coleen Karpf
Keller Williams ONEChicago
List Price
$305,000
Sold Price
$289,000
Premium/Discount to List
-$16,000
-5.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.58%
Original Mortgage
$260,100
Interest Rate
4.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Mar 16, 2007
Sold by
Alsman Grant and Alsman Jennifer
Bought by
Lalmalani Sapna G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$233,200
Interest Rate
6.31%
Mortgage Type
Unknown

Purchase Details

Closed on
Apr 30, 2004
Sold by
Gangi Joseph R
Bought by
Alsman Grant and Dalton Jennifer

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$209,600
Interest Rate
3.87%
Mortgage Type
Unknown

Purchase Details

Closed on
Feb 20, 1998
Sold by
Kobayashi Kenneth M
Bought by
Gangi Joseph R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$121,000
Interest Rate
6.87%

Purchase Details

Closed on
Feb 27, 1996
Sold by
742 West Melrose Llc
Bought by
Kobayashi Kenneth M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$114,000
Interest Rate
6.62%
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
Stephan Kyle D $282,500 --
Stephan Kyle D $282,500 --
Grimes Erin L $289,000 Chicago Title
Lalmalani Sapna G $291,500 Ticor Title Insurance
Alsman Grant $262,000 Ct
Gangi Joseph R $141,000 --
Kobayashi Kenneth M $120,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Stephan Kyle D $268,375
Closed Stephan Kyle D $268,375
Previous Owner Grimes Erin L $260,100
Previous Owner Lalmalani Sapna G $233,200
Previous Owner Alsman Grant $209,600
Previous Owner Gangi Joseph R $121,000
Previous Owner Kobayashi Kenneth M $114,000
Closed Alsman Grant $39,300
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/24/2022 03/24/22 Sold $282,500 -4.2% $283 / Sq Ft
01/23/2022 01/23/22 Pending -- -- --
01/20/2022 01/20/22 For Sale $295,000 +2.1% $295 / Sq Ft
04/23/2018 04/23/18 Sold $289,000 -5.2% $289 / Sq Ft View Prior Sale
03/06/2018 03/06/18 Pending -- -- --
02/28/2018 02/28/18 For Sale $305,000 -- $305 / 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 $4,853 $28,027 $8,125 $19,902
2023 $4,730 $23,000 $6,552 $16,448
2022 $4,730 $23,000 $6,552 $16,448
2021 $4,625 $22,999 $6,552 $16,447
2020 $5,626 $25,253 $2,882 $22,371
2019 $5,548 $27,612 $2,882 $24,730
2018 $4,776 $27,612 $2,882 $24,730
2017 $4,362 $23,637 $2,533 $21,104
2016 $4,234 $23,637 $2,533 $21,104
2015 $3,851 $23,637 $2,533 $21,104
2014 $3,704 $22,534 $2,074 $20,460
2013 $3,620 $22,534 $2,074 $20,460
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11307649

Midwest Real Estate Data (MRED)

APN: 14-21-311-063-1006