NOT LISTED FOR SALE

831 W Gunnison St Unit 1W Chicago, IL 60640

Margate Park Neighborhood

Estimated Value: $371,000 - $395,000

2 Beds
1 Bath
1,275 Sq Ft
$400/mo HOA Fee

Last Sold October 29, 2024

Last sale price $360,000 $282 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $2,858/month

3 Days on Market

Highlights

  • Landscaped Professionally
  • Wood Flooring
  • Sun or Florida Room
  • Deck
  • Bonus Room
  • 3-minute walk to Puptown Dog Park

About This Home

As of October 2024

Sprawling move-in ready 2-bed plus sunroom, with separate dining room and bonus room, all nestled within an intimate 6-unit building. Step inside this open, light filled home, where all there is left to do is unpack! The spacious living area opens to the beautiful sun room boasting 3 exposures and lush green views. Newer engineered hardwood floors lead you into the formal dining room, where you can't miss the incredible full-wall vintage solid wood built-in with plentiful storage space. Adjacent to the dining room is the south-facing kitchen, boasting ceiling-height solid wood cabinetry, an island, granite countertops, stainless steel appliances, under cabinet lighting and direct access to the generous-sized back deck. Enjoy grilling and relaxing with views overlooking the tranquil landscaped, shared backyard. Find plentiful storage throughout, plus additional designated basement storage space and bike storage. The bonus room is currently used for storage, but could easily be converted into a home office, nursery - or add an in-unit washer/dryer! HOA recently replaced the roof, repaired masonry, replaced the boiler and power washed, stained and sealed all decks. Prime Uptown/Margate Park location close to Montrose Beach and Harbor, Margate Park, Puptown Dog Park, Red Line, bus routes and easy access to Lake Shore Drive. Plus coffee shops, restaurants and grocery stores all in the neighborhood. Laundry in the building, but could be installed in the unit. 24-hour permit street parking on Gunnison.

Last Agent to Sell the Property

Julie Busby

Compass License #475153702 Listed on: 09/25/2024

Compass

Co-Listed By

Pamela Moran

Compass License #475157415

Last Buyer's Agent

Jill Schauwecker

Berkshire Hathaway HomeServices Chicago License #475124611

Berkshire Hathaway HomeServices Chicago

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,853

Year Built

  • Built in 1911

Lot Details

  • 6,534

HOA Fees

  • $400 Monthly HOA Fees

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 1,275 Sq Ft Home
  • 3-Story Property
  • Wood Burning Fireplace
  • Family Room
  • Living Room with Fireplace
  • Formal Dining Room
  • Bonus Room
  • Sun or Florida Room
  • Storage
  • Laundry Room

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms
  • 1 Full Bathroom

Schools

  • Mccutcheon Elementary School
  • Senn Achievement Academy High Sc

Utilities

  • 3+ Cooling Systems Mounted To A Wall/Window
  • Radiator
  • Lake Michigan Water

Additional Features

  • Deck
  • Landscaped Professionally

Community Details

Overview

  • Association fees include heat, water, insurance, scavenger
  • 6 Units
  • Low-Rise Condominium

Amenities

  • Common Area
  • Laundry Facilities
  • Community Storage Space

Recreation

  • Bike Trail

Pet Policy

  • Pets up to 30 lbs
  • Pet Size Limit
  • Dogs and Cats Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,853

Year Built

Built in 1911

Lot Details

0

HOA Fees

$400 per month

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: Condo,Low Rise (1-3 Stories)
  • Ownership: Condo
  • New Construction: No
  • Property Sub-Type: Condo,Low Rise (1-3 Stories)
  • Year Built: 1911
  • 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: 1
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 3

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Stainless Steel Appliance(s)
  • Basement: None
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace Features: Wood Burning
  • Fireplaces: 1
  • Interior Amenities: Hardwood Floors, Storage
  • LivingArea: 1275
  • Room Type: Sun Room, Deck, Bonus Room
  • 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: Square footage is an estimate and not to be deemed reliable, buyer to verify
  • Total Sq Ft: 0
  • Flooring: Carpet
  • ResoLivingAreaSource: Estimated

Exterior Features

  • ExteriorFeatures: Deck
  • List Price: 335000
  • Lot Features: Common Grounds, Landscaped
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Parking: None

Utilities

  • Sewer: Public Sewer
  • Cooling: Window/Wall Units - 3+
  • Heating: Radiator(s)
  • Laundry Features: Common Area
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK, Size Limit
  • Association Fee: 400
  • Association Amenities: Bike Room/Bike Trails, Storage
  • Association Fee Frequency: Monthly
  • Management: Self-Management
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: Self Managed
  • Management Contact Name: N/A
  • Management Phone: 000-000-0000
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Heat, Water, Insurance, Scavenger

Schools

  • Elementary School: Mccutcheon Elementary School
  • High School: Senn Achievement Academy High Sc
  • Middle/Junior School: Mccutcheon 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: 30

Tax Info

  • Tax Annual Amount: 4852.57
  • Tax Year: 2023
  • Tax Exemptions: None

Multi Family

  • Units in Building: 6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 25, 2024
Closed on
Oct 22, 2024
Sold by
Vasquez Jason L and Vasquez Alyssa Kay
Bought by
Louis L Schorsch 2002 Declaration Of Trust and Schorsch
Seller's Agent
Julie Busby
Compass
Buyer's Agent
Jill Schauwecker
Berkshire Hathaway HomeServices Chicago
List Price
$335,000
Sold Price
$360,000
Premium/Discount to List
$25,000
7.46%
Views
28
Current Estimated Value
$379,944

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$19,944
Avg. Annual Appreciation
6.39%

Purchase Details

Closed on
Apr 21, 2021
Sold by
Zebell Alyssa K and Vasquez Jason L
Bought by
Vasquez Jason L and Vasquez Alyssa Kay

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$219,756
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 31, 2017
Sold by
Dawson Robert C
Bought by
Vasquez Jason L and Zebell Alyssa K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$236,550
Interest Rate
3.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 19, 2000
Sold by
Dawson Robert C
Bought by
Dawson Robert C and Robert C Dawson Trust
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
Louis L Schorsch 2002 Declaration Of Trust $360,000 Proper Title
Vasquez Jason L -- Citywide Title Corporation
Vasquez Jason L $249,000 Chicago Title
Dawson Robert C -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Vasquez Jason L $219,756
Previous Owner Vasquez Jason L $236,550
Previous Owner Cole Taylor Bank $192,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/29/2024 10/29/24 Sold $360,000 +7.5% $282 / Sq Ft
09/29/2024 09/29/24 Pending -- -- --
09/25/2024 09/25/24 For Sale $335,000 -- $263 / 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 $27,752 $8,207 $19,545
2023 $4,730 $23,000 $7,336 $15,664
2022 $4,730 $23,000 $7,336 $15,664
2021 $4,625 $22,999 $7,336 $15,663
2020 $5,170 $23,208 $4,585 $18,623
2019 $5,139 $25,578 $4,585 $20,993
2018 $5,053 $25,578 $4,585 $20,993
2017 $5,013 $23,285 $4,034 $19,251
2016 $4,664 $23,285 $4,034 $19,251
2015 $4,267 $23,285 $4,034 $19,251
2014 $3,561 $19,193 $3,117 $16,076
2013 $3,491 $19,193 $3,117 $16,076
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12170835

Midwest Real Estate Data (MRED)

APN: 14-08-419-042-1001