NOT LISTED FOR SALE

925 W Margate Terrace Unit 1E Chicago, IL 60640

Margate Park Neighborhood

Estimated Value: $141,000 - $613,000

3 Beds
2 Baths
2,000 Sq Ft
$287/mo HOA Fee

Last Sold February 04, 2015

Last sale price $345,000 $172 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $3,146/month

70 Days on Market

Highlights

  • Wood Flooring
  • Gallery
  • Porch
  • Heated Sun or Florida Room
  • Fenced Yard
  • 1-minute walk to Buttercup Park

About This Home

As of February 2015

Lovely, bright, 2000SF vintage rehabbed unit. Quiet tree-lined street in Margate Park. Original vintage details intact. In excellent condition including built-in hutch, bookcases flanking the WBFP, mosaic tile floor in sun room. Handsome kitchen & baths. Hardwood floors, W/D in unit. Parking spot incld. Close to shopping, restaurants etc.2 blocks to Red Line, close to express bus & 1 block to lake & LSD. Open H 11/16

Last Agent to Sell the Property

Jane Wenger

Wenger Properties License #471000373 Listed on: 10/17/2014

Last Buyer's Agent

Christopher Sterling

@properties Christie's International Real Estate License #475152882

@properties Christie's International Real Estate

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $7,107

Year Built

  • 1915

Lot Details

  • Southern Exposure
  • East or West Exposure
  • Fenced Yard

HOA Fees

  • $287 per month

Home Design

  • Brick Exterior Construction
  • Slab Foundation

Interior Spaces

  • Primary Bathroom is a Full Bathroom
  • Wood Burning Fireplace
  • Entrance Foyer
  • Heated Sun or Florida Room
  • Storage
  • Gallery
  • Wood Flooring
  • Unfinished Basement
  • Partial Basement

Kitchen

  • Breakfast Bar
  • Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Laundry

  • Dryer
  • Washer

Home Security

Parking

  • Parking Available
  • Off Alley Driveway
  • 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
  • Porch
  • Property is near a bus stop

Listing and Financial Details

  • $5,000 Seller Concession

Community Details

Pet Policy

  • Pets Allowed

Security

  • Storm Screens

Property Details

Home Type

Condominium

Est. Annual Taxes

$7,107

Year Built

1915

Lot Details

0

HOA Fees

$287 per month

Listing Details

  • Property Type: Attached Single
  • Built Before 1978 (Y/N): Yes
  • General Information: Commuter Bus, Commuter Train
  • Recent Rehab: Yes
  • Unit Floor Level: 2
  • Age: 91-100 Years
  • Full Bathrooms: 2
  • Number Interior Fireplaces: 1
  • Ownership: Condo
  • Total Full or Half Bathrooms: 2
  • Estimated Year Built: 1915
  • Type Attached: Condo
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 3
  • Year Built: 1915

Interior Features

  • Interior Property Features: Hardwood Floors, Laundry Hook-Up in Unit, Storage
  • Number Of Rooms: 7
  • Living Room: Dimensions: 20X14, On Level: Main Level, Flooring: Hardwood
  • Appliances: Oven/Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Disposal
  • Fireplace Details: Wood Burning
  • Fireplace Location: Living Room
  • Basement: Partial
  • Basement: Unfinished
  • Bedrooms All Levels: 3
  • Primary Bedroom Bath: Full
  • Above Grade Bedrooms: 3
  • Laundry: Dimensions: 6X2, On Level: Main Level
  • Dining Room: Dimensions: 17X13, On Level: Main Level, Flooring: Hardwood
  • Kitchen Type: Dimensions: 17X10, On Level: Main Level, Flooring: Hardwood
  • Kitchen Type: Eating Area-Breakfast Bar
  • Additional Rooms: Foyer, Gallery, Sun/Florida Room Heated
  • Master Bedroom: Dimensions: 13X14, On Level: Main Level, Flooring: Hardwood
  • Additional Room 1 Name: Foyer, Dimensions: 9X8, On Level: Main Level, Flooring: Hardwood
  • Additional Room 2 Name: Gallery, Dimensions: 4X20, On Level: Main Level, Flooring: Hardwood
  • Bedroom 2: Dimensions: 14X11, On Level: Main Level, Flooring: Hardwood
  • Additional Room 3 Name: Sun/Florida Room Heated, Dimensions: 12X9, On Level: Main Level, Flooring: Ceramic Tile
  • Bedroom 3: Dimensions: 10X9, On Level: Main Level, Flooring: Hardwood
  • Estimated Sq Ft: 2000
  • Dining Room Type: Separate

Exterior Features

  • Foundation: Concrete
  • Exterior Building Type: Brick
  • Exterior Property Features: Porch, Storms/Screens
  • Exposure: N (North), S (South), E (East)

Garage/Parking

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

Utilities

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

Condo/Co-op/Association

  • Max Pet Weight: 999
  • Pets Allowed: Yes
  • Fee Frequency: Monthly
  • Pet Information: Cats OK, Dogs OK
  • Assessment Includes: Water, Parking, Common Insurance, Exterior Maintenance, Scavenger
  • Assessment Association Fees: 287
  • Management Contact Name: Charles Helm
  • Management Phone: 773-516-4307

Schools

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

Lot Info

  • Lot Dimensions: 60 X 118
  • Lot Description: Fenced Yard
  • Parcel Identification Number: 14084130371002

Multi Family

  • Total Number Unitsin Building: 7
  • Number Stories: 3

Tax Info

  • Taxes: 5996.92

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 27, 2025
Sold by
Verma Neil Kanwar Harish and Verma Maureen Esthe
Bought by
Neil Kanwar Harish Verma Revocable Living Tru and Verma
Current Estimated Value
$429,346

Purchase Details

Listed on
Oct 17, 2014
Closed on
Jan 26, 2015
Sold by
Soleymani Arman David and Soleymani Stephanie
Bought by
Verma Neil and Verma Maureen E
Seller's Agent
Jane Wenger
Wenger Properties
Buyer's Agent
Christopher Sterling
@properties Christie's International Real Estate
List Price
$375,000
Sold Price
$345,000
Premium/Discount to List
-$30,000
-8%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.13%
Original Mortgage
$327,750
Interest Rate
4.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 6, 2006
Sold by
Guiden Nancy A
Bought by
Soleymani Arman David and Soleymani Stephanie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$332,000
Interest Rate
6.3%
Mortgage Type
Fannie Mae Freddie Mac
Source: Public Records

Range of Values:

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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
Neil Kanwar Harish Verma Revocable Living Tru -- None Listed On Document
Maureen Esther Verma Revocable Living Trust -- None Listed On Document
Verma Neil $345,000 Cti
Soleymani Arman David $207,500 Multiple
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Verma Neil K H $288,500
Previous Owner Verma Neil $327,750
Previous Owner Soleymani Arman David $332,000
Previous Owner Soleymani Arman David $41,500
Previous Owner Guiden Nancy $59,000
Previous Owner Guiden Nancy A $345,000
Previous Owner Carrington Jerrold B $208,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/04/2015 02/04/15 Sold $345,000 0.0% $173 / Sq Ft
12/20/2014 12/20/14 Off Market $345,000 -- --
11/10/2014 11/10/14 Price Changed $350,000 -6.7% $175 / Sq Ft
10/17/2014 10/17/14 For Sale $375,000 -- $188 / 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 $7,107 $34,939 $8,494 $26,445
2023 $6,907 $37,000 $7,593 $29,407
2022 $6,907 $37,000 $7,593 $29,407
2021 $6,770 $36,999 $7,592 $29,407
2020 $6,614 $32,792 $4,745 $28,047
2019 $6,572 $36,140 $4,745 $31,395
2018 $6,460 $36,140 $4,745 $31,395
2017 $4,478 $20,800 $4,175 $16,625
2016 $4,166 $20,800 $4,175 $16,625
2015 $3,812 $20,800 $4,175 $16,625
2014 $6,118 $32,973 $3,226 $29,747
2013 $5,997 $32,973 $3,226 $29,747
Source: Public Records

Agents Affiliated with this Home

  • Jane Wenger

    Seller's Agent in 2015

    Jane Wenger

    Wenger Properties

    (773) 255-5959

    23 Total Sales

    Jane Wenger
    Section Image
  • Christopher Sterling

    Buyer's Agent in 2015

    Christopher Sterling

    @ Properties

    (773) 669-7514

    1 in this area

    32 Total Sales

    Christopher Sterling
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD08755249

Midwest Real Estate Data (MRED)

APN: 14-08-413-037-1002

Illinois Cook County Chicago 60640 Margate Park

925 W Margate Terrace Unit 1E, Chicago, IL

This home is located at 925 W Margate Terrace Unit 1E, Chicago, IL 60640 since 17 October 2014 and is currently estimated at $429,346, approximately $214 per square foot. This property was built in 1915. 925 W Margate Terrace Unit 1E is a home located in Cook County with nearby schools including Mccutcheon Elementary School, Senn High School, and St Thomas Of Canterbury School.

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