NOT LISTED FOR SALE

746 W Melrose St Unit 1 Chicago, IL 60657

Lakeview East Neighborhood

Estimated Value: $436,000 - $484,000

2 Beds
2 Baths
1,240 Sq Ft
$409/mo HOA Fee

Last Sold August 05, 2022

Last sale price $355,000 $286 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $3,513/month

18 Days on Market

Highlights

  • Rooftop Deck
  • Wood Burning Stove
  • End Unit
  • Nettelhorst Elementary School Rated A-
  • Wood Flooring
  • Sundeck

About This Home

As of August 2022

This gorgeous open-plan and light-filled condo on a quiet tree-lined street in the heart of East Lakeview is sure to impress. The spacious home is set across two levels and also has access to the common rooftop deck that enjoys spectacular views of the city skyline and sunsets. Timber floors flow underfoot and there are freshly painted walls with neutral color tones throughout. The kitchen has ample cabinetry and counter-space and opens to the dining room, while the separate living room enjoys an abundance of soft natural light and a cozy fireplace. There is a primary bedroom as well as a second generously sized bedroom in the lower level with its own bathroom. The ideal location places you within easy reach of great cafes, bars, restaurants and shops.

Last Agent to Sell the Property

Deb Baker

Compass License #475168459 Listed on: 06/10/2022

Compass

Co-Listed By

Carole Cousin

@properties Christie's International Real Estate License #475164902

Last Buyer's Agent

Tawny Ring

@properties Christie's International Real Estate License #475198668

@properties Christie's International Real Estate

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $7,613

Year Built

  • Built in 1920

Lot Details

  • End Unit

HOA Fees

  • $409 Monthly HOA Fees

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 1,240 Sq Ft Home
  • 3-Story Property
  • Wood Burning Stove
  • Wood Burning Fireplace
  • Fireplace With Gas Starter
  • Family Room
  • Living Room with Fireplace
  • Formal Dining Room
  • Storage
  • Wood Flooring
  • Intercom

Kitchen

  • Gas Oven
  • Gas Cooktop
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Rooftop Deck
  • Outdoor Grill

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

  • Senior Tax Exemptions
  • Homeowner Tax Exemptions

Community Details

Overview

  • Association fees include water, insurance, lawn care, scavenger, snow removal
  • 13 Units
  • Minnie@Nsmanagement.Net Association, Phone Number (847) 998-0404
  • Property managed by NS Managment

Amenities

  • Sundeck
  • Community Storage Space

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

$7,613

Year Built

Built in 1920

Lot Details

0

HOA Fees

$409 per month

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: Condo,Vintage
  • Ownership: Condo
  • New Construction: No
  • Property Sub-Type: Condo,Vintage
  • Year Built: 1920
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: Commuter Bus,Commuter Train,Interstate Access
  • 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

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Disposal, Stainless Steel Appliance(s), Gas Cooktop, Gas Oven
  • Basement: None
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplace Features: Wood Burning, Wood Burning Stove, Gas Starter
  • Fireplaces: 1
  • Interior Amenities: Hardwood Floors, Laundry Hook-Up in Unit, Storage
  • LivingArea: 1240
  • Other Equipment: TV-Cable, Intercom
  • 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
  • Square Footage Comments: 442 Sq Ft floor 1, 798 Sq Ft floor 2 Total 1240
  • Total Sq Ft: 0

Exterior Features

  • ExteriorFeatures: Roof Deck, Storms/Screens, Outdoor Grill, End Unit
  • List Price: 360000
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Number of Cars: 0
  • Parking: None

Utilities

  • Sewer: Public Sewer, Sewer-Storm
  • Cooling: Central Air
  • Electric: Circuit Breakers
  • Heating: Natural Gas, Forced Air
  • Water Source: Lake Michigan, Public

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK, Number Limit
  • Association Fee: 409
  • Association Amenities: Storage, Sundeck
  • Association Fee Frequency: Monthly
  • Management: Manager Off-site
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: NS Managment
  • Management Contact Name: minnie@nsmanagement.net
  • Management Phone: 847-998-0404X118
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Water, Insurance, 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

  • Additional Parcels: No
  • Lot Dimensions: COMMON
  • Rural (Y/N): N
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • Pets Allowed (Y/N): Yes
  • Is Parking Included in Price: No
  • Max Pet Weight: 999

Tax Info

  • Tax Annual Amount: 7613
  • Tax Year: 2020
  • Tax Exemptions: Homeowner,Senior

Multi Family

  • Units in Building: 13

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 10, 2022
Closed on
Aug 3, 2022
Sold by
Gary And Linda Hamburg Family Trust
Bought by
Strauss Stefan and Silva Esmeralda
Seller's Agent
Deb Baker
Compass
Buyer's Agent
Tawny Ring
@properties Christie's International Real Estate
List Price
$399,000
Sold Price
$355,000
Premium/Discount to List
-$44,000
-11.03%
Current Estimated Value
$467,665

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$112,665
Avg. Annual Appreciation
8.91%
Original Mortgage
$310,000
Outstanding Balance
$296,656
Interest Rate
5.63%
Mortgage Type
New Conventional
Estimated Equity
$171,009

Purchase Details

Closed on
Feb 14, 2022
Sold by
Hamburg Gary J and Hamburg Linda L
Bought by
Hamburg Gary J and Hamburg Linda L

Purchase Details

Closed on
Feb 11, 2022
Sold by
Hamburg Gary J and Hamburg Linda L
Bought by
Hamburg Gary J and Hamburg Linda L

Purchase Details

Closed on
Jul 19, 2001
Sold by
Drumm Michael and Drumm Catherine
Bought by
Hamburg Gary J and Hamburg Linda L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$258,800
Interest Rate
7.16%

Purchase Details

Closed on
Jul 11, 1996
Sold by
742 West Melrose Llc
Bought by
Drumm Michael and Drumm Catherine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,300
Interest Rate
8.12%
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
Strauss Stefan $355,000 None Listed On Document
Hamburg Gary J -- --
Hamburg Gary J -- --
Hamburg Gary J $323,500 Chicago Title Insurance Co
Drumm Michael $180,500 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Strauss Stefan $310,000
Previous Owner Hamburg Gary J $258,800
Previous Owner Drumm Michael $144,300
Closed Hamburg Gary J $39,700
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/05/2022 08/05/22 Sold $355,000 -1.4% $286 / Sq Ft
06/29/2022 06/29/22 Pending -- -- --
06/25/2022 06/25/22 Price Changed $360,000 -5.3% $290 / Sq Ft
06/20/2022 06/20/22 Price Changed $380,000 -4.8% $306 / Sq Ft
06/10/2022 06/10/22 For Sale $399,000 -- $322 / 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 $7,806 $44,126 $12,791 $31,335
2023 $6,344 $37,001 $10,316 $26,685
2022 $6,344 $37,001 $10,316 $26,685
2021 $6,235 $36,999 $10,315 $26,684
2020 $7,613 $39,760 $4,538 $35,222
2019 $7,494 $43,474 $4,538 $38,936
2018 $7,366 $43,474 $4,538 $38,936
2017 $6,703 $37,215 $3,988 $33,227
2016 $6,596 $37,215 $3,988 $33,227
2015 $5,995 $37,215 $3,988 $33,227
2014 $5,766 $35,478 $3,266 $32,212
2013 $5,633 $35,478 $3,266 $32,212
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11431157

Midwest Real Estate Data (MRED)

APN: 14-21-311-063-1015