NOT LISTED FOR SALE

87 E Elm St Unit 2 Chicago, IL 60611

Gold Coast Neighborhood

Estimated Value: $588,000 - $742,000

2 Beds
2 Baths
1,625 Sq Ft
2,222 Sq Ft Lot

Sale Details

Date Sold: October 11, 2022

Last sale price $535,000 $329 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $4,865 / mo

30 Days on Market

Highlights

  • Deck
  • Wood Flooring
  • Formal Dining Room
  • Lincoln Park High School Rated A
  • Granite Countertops
  • 4-minute walk to Lakefront Park

About This Home

As of October 2022

Rarely available Gold Coast Condo quiet and beautiful tree lined street. Unit features an oversize living room living room with hardwood floors, gas fireplace, and an abundant amount of natural sunlight. Marble foyer, separate formal dining room, 10' ceilings, master bedroom master bath and huge walk-in closet. Additional features an outdoor deck, and in unit washer/dryer. Permit street parking and many other parking options in the area. Low assessments Great location walking distance to Michigan Avenue" Magnificent Mile", Northwestern, Loyola, Oak Street Beach, restaurants, entertainment, transportation and all that the Chicago's Gold Coast has to offer.

Last Agent to Sell the Property

Florence Molinelli

RE/MAX Premier License #471022905 Listed on: 08/12/2022

Last Buyer's Agent

Ashlea Holland

@properties Christie's International Real Estate License #475157129

@properties Christie's International Real Estate

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $10,432

Lot Details

  • 2,222

HOA Fees

  • $602 Monthly HOA Fees

Home Design

  • Brick Exterior Construction
  • Brick Foundation
  • Block Foundation
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,625 Sq Ft Home
  • 3-Story Property
  • Ceiling height of 10 feet or more
  • Fireplace With Gas Starter
  • Living Room with Fireplace
  • Formal Dining Room
  • Wood Flooring

Kitchen

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

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms
  • Soaking Tub

Laundry

  • Laundry Room
  • Laundry on main level
  • Dryer
  • Washer

Outdoor Features

  • Deck
  • Porch

Utilities

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

Community Details

Overview

  • Association fees include water, insurance, exterior maintenance, lawn care, scavenger, snow removal
  • 4 Units
  • Steven Mach Association, Phone Number (312) 000-0000
  • Condo
  • Property managed by 87 E. Elm Condominium Association

Pet Policy

  • No Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$10,432

Lot Details

2,222 Sq Ft Lot

HOA Fees

$602 per month

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: Condo,Flat
  • Ownership: Condo
  • New Construction: No
  • Property Sub-Type: Condo,Flat
  • Age: 71-80 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: 2
  • Actual Status: Closed
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 3

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Stainless Steel Appliance(s), Front Controls on Range/Cooktop, Gas Oven
  • Basement: None
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplace Features: Gas Starter
  • Fireplaces: 1
  • Interior Amenities: Hardwood Floors, First Floor Laundry, Laundry Hook-Up in Unit, Walk-In Closet(s), Ceiling - 10 Foot, Some Wood Floors, Granite Counters, Separate Dining Room
  • LivingArea: 1625
  • Room Type: Walk In Closet, Deck
  • Stories Total: 3
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: None
  • Bathroom Amenities: Soaking Tub
  • Below Grade Bedrooms: 0
  • Dining Room: Separate
  • Fireplace Location: Living Room
  • Total Sq Ft: 0

Exterior Features

  • ExteriorFeatures: Deck, Porch
  • Foundation Details: Block, Brick/Mortar, Concrete Perimeter
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Number of Cars: 0
  • Parking: None

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Natural Gas, Forced Air
  • Laundry Features: Gas Dryer Hookup, In Unit, Laundry Closet
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Pets Allowed: No
  • Association Fee: 602
  • Association Amenities: None
  • Association Fee Frequency: Monthly
  • Management: Manager On-site,Monday through Friday
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: 87 E. Elm Condominium Association
  • Management Contact Name: Steven Mach
  • Management Phone: 312-000-0000
  • ResoAssociationFeeFrequency: Monthly

Fee Information

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

Lot Info

  • Lot Dimensions: COMMON
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Pets Allowed (Y/N): No
  • Is Parking Included in Price: No

Tax Info

  • Tax Annual Amount: 10432
  • Tax Year: 2020

Multi Family

  • Units in Building: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 12, 2022
Closed on
Oct 6, 2022
Sold by
Serrat Angel
Bought by
Hall Matthew
Seller's Agent
Florence Molinelli
RE/MAX Premier
Buyer's Agent
Ashlea Holland
@properties Christie's International Real Estate
List Price
$550,000
Sold Price
$535,000
Premium/Discount to List
-$15,000
-2.73%
Views
4
Current Estimated Value
$643,552

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$108,552
Avg. Annual Appreciation
5.44%
Original Mortgage
$401,250
Outstanding Balance
$384,579
Interest Rate
6%
Mortgage Type
New Conventional
Estimated Equity
$258,973

Purchase Details

Closed on
Jul 29, 2004
Sold by
Konen Joseph A and Konen Judith H
Bought by
Burke Mary L and 2004 Mary L Burke Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Interest Rate
5.75%
Mortgage Type
Unknown

Purchase Details

Closed on
May 4, 1998
Sold by
Kostrzewa Reck Elaine M
Bought by
Serrat Angel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$227,150
Interest Rate
7.25%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Hall Matthew $535,000 None Listed On Document
Burke Mary L -- Stewart Title Guaranty Compa
Serrat Angel $316,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hall Matthew $401,250
Previous Owner Burke Mary L $1,500,000
Previous Owner Serrat Angel $227,150
Closed Burke Mary L $444,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/11/2022 10/11/22 Sold $535,000 -2.7% $329 / Sq Ft
09/12/2022 09/12/22 Pending -- -- --
08/12/2022 08/12/22 For Sale $550,000 -- $338 / Sq Ft
Source: Midwest Real Estate Data (MRED)

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
2025 $9,568 $49,174 $17,250 $31,924
2024 $9,568 $49,174 $17,250 $31,924
2023 $10,009 $48,664 $13,889 $34,775
2022 $10,009 $48,664 $13,889 $34,775
2021 $9,786 $48,663 $13,889 $34,774
2020 $10,433 $46,834 $9,722 $37,112
2019 $10,211 $50,822 $9,722 $41,100
2018 $10,039 $50,822 $9,722 $41,100
2017 $4,844 $22,500 $7,777 $14,723
2016 $4,506 $22,500 $7,777 $14,723
2015 $4,123 $22,500 $7,777 $14,723
2014 $4,507 $24,292 $6,250 $18,042
2013 $4,418 $24,292 $6,250 $18,042
Source: Public Records

Agents Affiliated with this Home

  • Florence Molinelli

    Seller's Agent in 2022

    Florence Molinelli

    RE/MAX

    (312) 404-7231

    8 in this area

    32 Total Sales

    Florence Molinelli
    Section Image
  • Ashlea Holland

    Buyer's Agent in 2022

    Ashlea Holland

    @ Properties

    (312) 682-8500

    2 in this area

    37 Total Sales

    Ashlea Holland
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11489867

Midwest Real Estate Data (MRED)

APN: 17-03-201-077-1003

Illinois Cook County Chicago 60611 Gold Coast

87 E Elm St Unit 2, Chicago, IL

Not Listed for Sale

Condos

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Midwest Real Estate Data (MRED) Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Based on information submitted to the MLS GRID

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