Seller's Agent in 2018
Elizabeth Lothamer
Compass
(773) 655-5344
6 in this area
294 Total Sales
850 N Milwaukee Ave Unit 102 Chicago, IL 60642
West Town NeighborhoodEstimated Value: $687,317 - $773,000
2
Beds
2
Baths
3,400
Sq Ft
$321/mo
HOA Fee
Highlights
- Rooftop Deck
- 2-minute walk to Chicago Avenue Station (Blue Line)
- Storage
- Wood Flooring
- Corner Lot
- 5-minute walk to Eckhart Park
About This Home
As of February 2018Incredible opportunity to renovate and design a 3400 square foot loft in River West/West Town. This space is unbelievably unique with numerous possibilities to configure an ideal layout. Currently set up as a live-work space with 14' original tin ceilings, large windows facing Milwaukee and a private entrance off of Racine. 1st floor is nearly 1300 sq. feet with hardwood floors, kitchen and full bath. Mezzanine level currently used as bedroom with full bath and a 2nd kitchen. Lower level is 1300 sq. feet of raw basement space, waiting to be finished out. The property will require a gut rehab and is being sold as-is. Great opportunity to create a custom 2 bed/2 bath, live-work space, or commercial condo. Zoned B2-3. Parking is separately deeded at an additional $25,000 and must be purchased with unit.
Property Details
Home Type
- Condominium
Year Built
- 1908
Lot Details
- Southern Exposure
- East or West Exposure
HOA Fees
- $321 per month
Home Design
- Brick Exterior Construction
- Slab Foundation
- Rubber Roof
Interior Spaces
- Primary Bathroom is a Full Bathroom
- Workroom
- Storage
- Washer and Dryer Hookup
- Wood Flooring
- Unfinished Basement
- Basement Fills Entire Space Under The House
Parking
- Parking Available
- Driveway
- Parking Included in Price
- Assigned Parking
Utilities
- Central Air
- Heating System Uses Gas
Additional Features
- Rooftop Deck
- Property is near a bus stop
Community Details
- Pets Allowed
Listing and Financial Details
- Senior Tax Exemptions
- Homeowner Tax Exemptions
- Senior Freeze Tax Exemptions
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 6, 2017
Closed on
Feb 2, 2018
Sold by
Declar Blackburn Gerald J
Bought by
Ortiz Laura and Ortiz Ricardo
Seller's Agent
Elizabeth Lothamer
Compass
Buyer's Agent
Beth Gomez
Jameson Sotheby's Intl Realty
List Price
$525,000
Sold Price
$475,000
Premium/Discount to List
-$50,000
-9.52%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$259,038
Avg. Annual Appreciation
5.36%
Original Mortgage
$451,250
Outstanding Balance
$256,275
Interest Rate
3.95%
Mortgage Type
New Conventional
Estimated Equity
$460,554
Purchase Details
Closed on
Dec 20, 2010
Sold by
Chicago Title Land Trust Company
Bought by
Blackburn Gerald J and The Gerald J Blackburn Self Declaration
Purchase Details
Closed on
Dec 23, 1997
Sold by
Standard Bank & Trust Company
Bought by
The Chicago Trust Company and Trust #1105191
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$119,200
Interest Rate
7.37%
Purchase Details
Closed on
Mar 10, 1997
Sold by
Ojeda Virginia F
Bought by
Ojeda Ernest J
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Ortiz Laura | $475,000 | Attorneys Title Guaranty Fun | |
| Blackburn Gerald J | -- | Chicago Title Land Trust Co | |
| The Chicago Trust Company | $155,000 | -- | |
| Ojeda Ernest J | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Ortiz Laura | $451,250 | |
| Previous Owner | The Chicago Trust Company | $119,200 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/05/2018 02/05/18 | Sold | $475,000 | -5.0% | $140 / Sq Ft |
| 01/04/2018 01/04/18 | Pending | -- | -- | -- |
| 10/19/2017 10/19/17 | Price Changed | $500,000 | -4.8% | $147 / Sq Ft |
| 09/06/2017 09/06/17 | For Sale | $525,000 | -- | $154 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
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 | $8,476 | $59,831 | $7,281 | $52,550 |
| 2023 | $8,236 | $38,459 | $3,323 | $35,136 |
| 2022 | $8,236 | $38,459 | $3,323 | $35,136 |
| 2021 | $8,050 | $38,458 | $3,322 | $35,136 |
| 2020 | $9,224 | $39,485 | $3,322 | $36,163 |
| 2019 | $9,235 | $43,845 | $3,322 | $40,523 |
| 2018 | $9,095 | $43,845 | $3,322 | $40,523 |
| 2017 | $5,190 | $46,930 | $2,931 | $43,999 |
| 2016 | $5,559 | $46,930 | $2,931 | $43,999 |
| 2015 | $5,382 | $46,930 | $2,931 | $43,999 |
| 2014 | $5,350 | $33,872 | $2,492 | $31,380 |
| 2013 | $5,388 | $33,872 | $2,492 | $31,380 |
Source: Public Records
Agents Affiliated with this Home
-
Elizabeth Lothamer
-
Beth Gomez
Buyer's Agent in 2018
Beth Gomez
Jameson Sotheby's Intl Realty
(773) 727-1707
9 in this area
85 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: MRD09733853
APN: 17-05-415-026-1002
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