NOT LISTED FOR SALE

Estimated Value: $9,310,695

2 Beds
1 Bath
5,100 Sq Ft
$1,826/Sq Ft Est. Value

Highlights

  • Forced Air Heating System
  • 1-minute walk to Chicago Avenue Station (Red Line)
  • 2-minute walk to Connors Park

About This Home

As of April 2018

ONE MONTH FREE FOR NEW TENANTS! Stunning 2BD/1BTH with brand new kitchen, bath, and flooring! Entire unit is freshly painted, complete with a very spacious bedroom, large closets and a rooftop deck! Nestled among Chicago's Streeterville and Gold Coast neighborhoods, this beautiful, four story walk-up boasts freshly renovated interiors and easy access to everything Chicago has to offer. Residents will not have to stray far to enjoy, Oak Street Beach, River North restaurants/nightlife or shopping on the Magnificent Mile. Those that wish to wander will find numerous public transit options nearby. Each unit is pet friendly and features high ceilings and modern kitchens. For a change in scenery, residents can admire the city views from the rooftop deck. Unit is vacant and easy to show.

Last Agent to Rent the Property

Alex Fraher

Lofty LLC License #471019550 Listed on: 02/23/2018

Last Renter's Agent

Sabrina Failla

Main Street Real Estate Group License #475168174

Property Details

Home Type

  • Other

Est. Annual Taxes

  • $268,108

Year Built

  • 1891

Lot Details

  • 0.38

Home Design

  • Brick Exterior Construction

Partially Finished Basement

  • Basement Fills Entire Space Under The House

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas

Community Details

  • Pets Allowed

Property Details

Home Type

Other

Est. Annual Taxes

$268,108

Year Built

1891

Lot Details

0

Rental Info

  • Available: 02/23/2018
  • Monthly Lot Rental Included: Water, Scavenger, Exterior Maintenance, Storage Lockers

Listing Details

  • Property Type: Residential Rental
  • Built Before 1978 (Y/N): Yes
  • Type Attached: Mid Rise (4-6 Stories)
  • Unit Floor Level: 4
  • Age: Unknown
  • Special Features: None
  • Stories: 4
  • Year Built: 1891

Interior Features

  • Number Of Rooms: 5
  • Basement: Full
  • Basement: Partially Finished
  • Bedrooms All Levels: 2
  • Master Bedroom Level: Main Level
  • Master Bedroom Size: 12X13
  • Second Bedroom Level: Main Level
  • Second Bedroom Size: 12X13
  • Living Room Level: Main Level
  • Living Room Size: 14X16
  • Dining Room Level: Main Level
  • Dining Room Size: 14X14
  • Kitchen Level: Main Level
  • Kitchen Size: 10X11
  • Additional Rooms: No additional rooms

Exterior Features

  • Exterior Building Type: Brick

Utilities

  • Cooling: Central Air
  • Water: Public
  • Sewer: Sewer-Public
  • Heating Fuel: Gas, Forced Air

Condo/Co-op/Association

  • Max Pet Weight: 50
  • Pets Allowed: Yes
  • Pet Information: Cats OK, Dogs OK

Schools

  • Junior High Dist: 299

Lot Info

  • Lot Dimensions: 5100

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 20, 2021
Sold by
50 East Chicago Avenue Lp
Bought by
Grant Place Fund Ii Llc
Current Estimated Value
$9,310,695

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$7,725,000
Outstanding Balance
$7,024,418
Interest Rate
2.9%
Mortgage Type
Commercial

Purchase Details

Closed on
May 19, 2021
Sold by
Meyers Jerome H and Kaji Pamela L
Bought by
801 N Wabash Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$7,725,000
Outstanding Balance
$7,024,418
Interest Rate
2.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 25, 2005
Sold by
50 East Chicago Avenue Lp
Bought by
50 East Chicago Avenue Llc

Purchase Details

Closed on
Apr 18, 1996
Sold by
Albany Bank & Trust Company Na
Bought by
50 East Chicago Avenue Ltd Partnership

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,200,000
Interest Rate
7.91%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Grant Place Fund Ii Llc -- Attorney
50 East Chicago Avenue Lp -- Attorney
801 N Wabash Llc $8,850,000 None Available
50 East Chicago Avenue Llc -- Near North Natl Title Corp
50 East Chicago Avenue Ltd Partnership -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 801 N Wabash Llc $7,725,000
Previous Owner 50 East Chicago Avenue Llc $6,000,000
Previous Owner 50 East Chicago Avenue Llc $1,500,000
Previous Owner 50 East Chicago Avenue Ltd Partnership $4,200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/01/2018 04/01/18 Rented $2,540 0.0% --
02/23/2018 02/23/18 For Rent $2,540 -- --
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
2023 $268,108 $1,303,507 $455,620 $847,887
2022 $268,108 $1,303,507 $455,620 $847,887
2021 $262,123 $1,303,506 $455,620 $847,886
2020 $213,858 $960,000 $455,620 $504,380
2019 $210,363 $1,047,038 $455,620 $591,418
2018 $206,825 $1,047,038 $455,620 $591,418
2017 $201,313 $935,164 $372,780 $562,384
2016 $187,303 $935,164 $372,780 $562,384
2015 $171,365 $935,164 $372,780 $562,384
2014 $134,646 $725,704 $331,360 $394,344
2013 $131,987 $725,704 $331,360 $394,344
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD09864663

Midwest Real Estate Data (MRED)

APN: 17-03-230-008-0000