$287,000
SOLD JAN 24, 2025

842 E 40th St Unit 2W Chicago, IL 60653

Oakland Neighborhood
3 Beds
2 Baths
-- Sq Ft
$362/mo HOA Fee

Recently Sold

13% Below List Price

122 Days on Market

Highlights

  • Open Floorplan
  • Whirlpool Bathtub
  • Stainless Steel Appliances
  • Wood Flooring
  • Granite Countertops
  • 1 Car Detached Garage

About This Home

As of January 2025

Discover this stunning 3-bedroom, 2-bathroom condo in the heart of Bronzeville. This luxurious unit boasts exposed brick, a cozy gas fireplace, and gleaming hardwood floors in the living areas, with brand-new carpeting in the bedrooms. Freshly painted throughout, the condo features a modern kitchen with stainless steel appliances, including a new stove and microwave, complemented by elegant granite countertops. Enjoy the comfort of central heating and air conditioning, along with the convenience of an in-unit washer and dryer. The property includes a large size porch, a garage space and is ideally situated just steps from 39th Street Beach, with easy access to Lake Shore Drive.

Last Agent to Sell the Property

Markell Bridges

Compass License #475177381 Listed on: 08/23/2024

Compass

Last Buyer's Agent

Jacob Reiner

Redfin Corporation License #475191364

Redfin Corporation

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,943

Year Renovated

  • 2003

Lot Details

  • Additional Parcels

HOA Fees

  • $362 Monthly HOA Fees

Parking

  • 1 Car Detached Garage
  • Garage Door Opener
  • Parking Included in Price

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 3-Story Property
  • Open Floorplan
  • Ceiling Fan
  • Gas Log Fireplace
  • Living Room with Fireplace
  • Family or Dining Combination

Kitchen

  • Gas Oven
  • Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Granite Countertops

Flooring

  • Wood
  • Partially Carpeted

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms
  • Whirlpool Bathtub

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

Utilities

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

Community Details

Overview

  • Association fees include water, insurance, exterior maintenance, lawn care, scavenger, snow removal
  • 8 Units
  • Low-Rise Condominium

Pet Policy

  • Dogs and Cats Allowed

Security

  • Storm Doors
  • Carbon Monoxide Detectors

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,943

Year Renovated

2003

Lot Details

0

HOA Fees

$362 per month

Parking

1

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)
  • 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: 2003
  • Actual Status: Closed
  • ResoPropertyType: Residential
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 3
  • Year Renovated: 2003

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Stainless Steel Appliance(s), Gas Oven
  • Basement: None
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace Features: Gas Log, Gas Starter
  • Fireplaces: 1
  • Interior Amenities: Hardwood Floors, Laundry Hook-Up in Unit, Walk-In Closet(s), Open Floorplan, Some Carpeting, Some Wood Floors, Dining Combo, Granite Counters, Some Storm Doors, Some Wall-To-Wall Cp
  • Other Equipment: CO Detectors, Ceiling Fan(s), Water Heater-Gas
  • Room Type: No additional rooms
  • Stories Total: 3
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: None
  • Bathroom Amenities: Whirlpool
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Fireplace Location: Living Room
  • Total Sq Ft: 0
  • Flooring: Carpet

Exterior Features

  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 1
  • ParkingTotal: 1
  • Garage Details: Garage Door Opener(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

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

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK
  • Association Fee: 362
  • Association Fee Frequency: Monthly
  • Management: Self-Management
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: Self Managed
  • Management Contact Name: TBD
  • Management Phone: 000-000-0000
  • ResoAssociationFeeFrequency: Monthly

Fee Information

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

Lot Info

  • Additional Parcels: Yes
  • Lot Dimensions: CONDO
  • Rural (Y/N): N
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Pets Allowed (Y/N): Yes
  • Is Parking Included in Price: Yes
  • Max Pet Weight: 999

Tax Info

  • Tax Annual Amount: 4943.48
  • Tax Year: 2023
  • Tax Exemptions: None

Multi Family

  • Units in Building: 8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 23, 2024
Closed on
Jan 21, 2025
Sold by
Desponts Llc
Bought by
Richards Brandis Denise
Seller's Agent
Markell Bridges
Compass
Buyer's Agent
Jacob Reiner
Redfin Corporation
List Price
$329,000
Sold Price
$287,000
Premium/Discount to List
-$42,000
-12.77%
Views
104
Current Estimated Value
$251,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$36,000
Avg. Annual Appreciation
-13.42%
Original Mortgage
$281,801
Outstanding Balance
$279,724
Interest Rate
6.5%
Mortgage Type
FHA
Estimated Equity
-$28,724

Purchase Details

Closed on
Dec 20, 2012
Sold by
Hicks Jodina and Hicks Hoobler Jodina
Bought by
Federal Home Loan Mortgage Corporation
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $287,000 First American Title
Sheriffs Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $281,801 FHA
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/24/2025 01/24/25 Sold $287,000 -0.2% --
12/23/2024 12/23/24 Pending -- -- --
12/02/2024 12/02/24 Price Changed $287,500 -3.5% --
10/29/2024 10/29/24 Price Changed $298,000 -3.9% --
09/10/2024 09/10/24 Price Changed $310,000 -5.8% --
08/23/2024 08/23/24 For Sale $329,000 0.0% --
03/16/2020 03/16/20 Rented $1,900 0.0% --
02/29/2020 02/29/20 For Rent $1,900 -- --
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 $89 $596 $64 $532
2023 $86 $419 $64 $355
2022 $86 $419 $64 $355
2021 $118 $587 $64 $523
2020 $95 $425 $31 $394
2019 $94 $468 $31 $437
2018 $92 $468 $31 $437
2017 $73 $339 $25 $314
2016 $77 $384 $25 $359
2015 $70 $384 $25 $359
2014 $54 $290 $22 $268
2013 $79 $433 $22 $411
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12143212

Midwest Real Estate Data (MRED)

APN: 20-02-102-037-1013