NOT LISTED FOR SALE

848 W Ainslie St Unit 1E Chicago, IL 60640

Margate Park Neighborhood

Estimated Value: $369,000 - $509,000

2 Beds
2 Baths
1,400 Sq Ft
$157/mo HOA Fee

Last Sold September 28, 2018

Last sale price $315,000 $225 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $2,766/month

35 Days on Market

Highlights

  • Wood Flooring
  • Fenced Yard
  • Patio
  • Stainless Steel Appliances
  • Breakfast Bar
  • 3-minute walk to Bill Hersh Playground

About This Home

As of September 2018

There is so much to love in this updated, perfectly located 2/2 in Margate park! Enjoy the newly gutted, amazing kitchen centered around a huge island/breakfast bar. Gorgeous finishes including dark cherry cabinets & quartz counters, a built-in pantry & dry bar w/ wine fridge, radiant tile floors, all new s/s appliances & a vented range hood. The sunny living room has a gas fireplace, built-in shelves and an attached yet separate dining area which could be used as an office. The spacious master suite has an new, updated bath with white quartz, white cabinets, a double vanity and ceramic tile floors. Hardwood floors throughout, newly sanded & stained in the living areas. Great closet space and wood blinds throughout. Margate Park is steps from the lakefront trail and the beaches of gorgeous Lake Michigan. Awesome location 8 minutes walking to Argyle Red Line and a 10 min walk to Mariano's w/ Lake Shore Dr right out your door. Gated outdoor parking & storage included in price.

Last Agent to Sell the Property

Elizabeth Vadas

@properties Christie's International Real Estate Listed on: 07/19/2018

@properties Christie's International Real Estate

Last Buyer's Agent

Gustavo Martinez

Chicagoland Brokers, Inc.

Chicagoland Brokers, Inc.

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,942

Year Built | Renovated

  • 1920 | 2002

Lot Details

  • Southern Exposure
  • East or West Exposure
  • Fenced Yard

HOA Fees

  • $157 per month

Home Design

  • Brick Exterior Construction
  • Rubber Roof
  • Stone Siding

Interior Spaces

  • Dry Bar
  • Gas Log Fireplace
  • Wood Flooring

Kitchen

  • Breakfast Bar
  • Oven or Range
  • Range Hood
  • Microwave
  • Dishwasher
  • Wine Cooler
  • Stainless Steel Appliances
  • Kitchen Island

Bedrooms and Bathrooms

  • Primary Bathroom is a Full Bathroom
  • Dual Sinks
  • Separate Shower

Laundry

  • Dryer
  • Washer

Home Security

Parking

  • Parking Available
  • Off Alley Driveway
  • Off Alley Parking
  • Parking Included in Price
  • Assigned Parking

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Lake Michigan Water

Additional Features

  • North or South Exposure
  • Patio

Listing and Financial Details

  • Homeowner Tax Exemptions
  • $5,000 Seller Concession

Community Details

Pet Policy

  • Pets Allowed

Additional Features

  • Common Area
  • Storm Screens

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,942

Year Built | Renovated

1920 | 2002

Lot Details

0

HOA Fees

$157 per month

Listing Details

  • Property Type: Attached Single
  • Built Before 1978 (Y/N): Yes
  • Recent Rehab: Yes
  • Unit Floor Level: G
  • Age: 91-100 Years
  • Full Bathrooms: 2
  • Number Interior Fireplaces: 1
  • Ownership: Condo
  • Rehab Year: 2002
  • Total Full or Half Bathrooms: 2
  • Estimated Year Built: 1920
  • Tax Exemptions: Homeowner
  • Type Attached: Condo
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 4
  • Year Built: 1920
  • Year Renovated: 2002

Interior Features

  • Interior Property Features: Bar-Dry, Hardwood Floors, Laundry Hook-Up in Unit
  • Number Of Rooms: 5
  • Living Room: Dimensions: 15X18, On Level: Main Level, Flooring: Hardwood, Windows: Blinds
  • Appliances: Oven/Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, All Stainless Steel Kitchen Appliances, Wine Cooler/Refrigerator, Range Hood
  • Equipment: Humidifier, Intercom, Ceiling Fan
  • Fireplace Details: Gas Logs, Gas Starter
  • Fireplace Location: Living Room
  • Bedrooms All Levels: 2
  • Primary Bedroom Bath: Full
  • Bathroom Amenities: Separate Shower, Double Sink
  • Above Grade Bedrooms: 2
  • Dining Room: Dimensions: 8X10, On Level: Main Level, Flooring: Hardwood, Windows: Blinds
  • Kitchen Type: Dimensions: 13X15, On Level: Main Level, Flooring: Hardwood
  • Kitchen Type: Eating Area-Breakfast Bar, Island
  • Additional Rooms: No additional rooms
  • Master Bedroom: Dimensions: 13X12, On Level: Main Level, Flooring: Hardwood, Windows: Blinds
  • Bedroom 2: Dimensions: 11X11, On Level: Main Level, Flooring: Hardwood, Windows: Blinds
  • Estimated Sq Ft: 1400
  • Dining Room Type: Combined w/ LivRm

Exterior Features

  • Exterior Building Type: Brick, Stone
  • Roof Type: Rubber
  • Exterior Property Features: Patio, Storms/Screens
  • Exposure: N (North), S (South), E (East)

Garage/Parking

  • Number of Cars: 1
  • Parking: Space/s
  • Parking Details: Assigned Spaces, Off Alley
  • Number Parking Spaces: 1
  • Parking On Site: Yes
  • Driveway: Off Alley
  • Parking Included In Price: Yes
  • Parking Ownership: Owned

Utilities

  • Electricity: Circuit Breakers
  • Air Conditioner: Central Air
  • Water: Lake Michigan
  • Sewer: Sewer-Public
  • Heating Fuel: Gas, Forced Air

Condo/Co-op/Association

  • Max Pet Weight: 999
  • Pets Allowed: Yes
  • Fee Frequency: Monthly
  • Management: Self-Management
  • Pet Information: Cats OK, Dogs OK
  • Common Area Amenities: Bike Room/Bike Trails, Storage
  • Assessment Includes: Water, Parking, Common Insurance, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal
  • Assessment Association Fees: 157
  • Management Contact Name: Margate Park Condo Association
  • Management Phone: 111-222-3333

Fee Information

  • Management Company: Margate Park Condo Association

Schools

  • School District: 299
  • Elementary School: MCCUTCHEON ELEMENTARY SCHOOL
  • Middle School: MCCUTCHEON ELEMENTARY SCHOOL
  • High School: SENN HIGH SCHOOL
  • Junior High Dist: 299

Lot Info

  • Lot Dimensions: COMMON
  • Lot Description: Common Grounds, Fenced Yard
  • Parcel Identification Number: 14084130471005

Multi Family

  • Total Number Unitsin Building: 8
  • Number Stories: 4

Tax Info

  • Taxes: 3678

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 19, 2018
Closed on
Sep 28, 2018
Sold by
Lavner Lilly and Pierce Benjamin
Bought by
Morris Jeffrey
Seller's Agent
Elizabeth Vadas
@properties Christie's International Real Estate
Buyer's Agent
Gustavo Martinez
Chicagoland Brokers, Inc.
List Price
$315,000
Sold Price
$315,000
Current Estimated Value
$416,349

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$101,349
Avg. Annual Appreciation
2.30%
Original Mortgage
$305,550
Outstanding Balance
$269,172
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$99,142

Purchase Details

Listed on
May 26, 2015
Closed on
Jul 16, 2015
Sold by
Wood Andrew R and Sikich Kristin R
Bought by
Pierce Benjamin and Lavner Lilly
Seller's Agent
Ryan Gossett
Compass
Buyer's Agent
Elizabeth Vadas
@properties Christie's International Real Estate
List Price
$275,000
Sold Price
$265,000
Premium/Discount to List
-$10,000
-3.64%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.55%
Original Mortgage
$212,000
Interest Rate
3.99%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 27, 2006
Sold by
Chung Daniel Y and Chung Chiara
Bought by
Wood Andrew R and Sikich Kristin R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$54,150
Interest Rate
6.49%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Jun 6, 2002
Sold by
Vukic Sam
Bought by
Fortino Chiara and Chung Daniel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$201,520
Interest Rate
5.87%
Mortgage Type
Unknown
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
Morris Jeffrey $315,000 Prairie Title
Pierce Benjamin $265,000 Attorney
Wood Andrew R $318,500 Lawyers
Fortino Chiara $250,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Morris Jeffrey $305,550
Previous Owner Pierce Benjamin $212,000
Previous Owner Wood Andrew R $251,200
Previous Owner Wood Andrew R $54,150
Previous Owner Wood Andrew R $254,800
Previous Owner Chung Daniel Y $226,000
Previous Owner Chung Daniel T $201,520
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/28/2018 09/28/18 Sold $315,000 0.0% $225 / Sq Ft
08/23/2018 08/23/18 Pending -- -- --
07/19/2018 07/19/18 For Sale $315,000 +18.9% $225 / Sq Ft
07/17/2015 07/17/15 Sold $265,000 -3.6% $189 / Sq Ft
06/16/2015 06/16/15 Pending -- -- --
05/26/2015 05/26/15 For Sale $275,000 -- $196 / 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 $3,942 $31,699 $5,948 $25,751
2023 $3,821 $22,000 $5,317 $16,683
2022 $3,821 $22,000 $5,317 $16,683
2021 $3,754 $21,998 $5,316 $16,682
2020 $4,262 $22,232 $3,323 $18,909
2019 $4,234 $24,503 $3,323 $21,180
2018 $4,162 $24,503 $3,323 $21,180
2017 $3,678 $20,460 $2,924 $17,536
2016 $3,598 $20,460 $2,924 $17,536
2015 $3,269 $20,460 $2,924 $17,536
2014 $3,405 $20,922 $2,259 $18,663
2013 $3,327 $20,922 $2,259 $18,663
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10024169

Midwest Real Estate Data (MRED)

APN: 14-08-413-047-1005