NOT LISTED FOR SALE

949 W Madison St Unit B503 Chicago, IL 60607

West Loop Neighborhood

Estimated Value: $514,000 - $719,893

-- Bed
-- Bath
-- Sq Ft
0.86 Acres

About This Home

This home is located at 949 W Madison St Unit B503, Chicago, IL 60607 and is currently estimated at $655,473. 949 W Madison St Unit B503 is a home located in Cook County with nearby schools including Skinner Elementary School, Wells Community Academy High School, and Frances Xavier Warde School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 17, 2023
Sold by
Boettcher Cherie
Bought by
Saleem Mohammad and Clark Megan
Current Estimated Value
$655,473

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$619,000
Outstanding Balance
$601,153
Interest Rate
6.6%
Estimated Equity
$54,320

Purchase Details

Closed on
Nov 8, 2018
Sold by
Depalma Nicholas F
Bought by
Boettcher Cherie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$428,000
Interest Rate
4.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Feb 10, 2005
Sold by
Depalma Nicholas F
Bought by
Depalma Nicholas F and Declaration Of Trust Nicholas

Purchase Details

Closed on
Oct 3, 2003
Sold by
Sutherland Harold W and Sutherland Barbara J
Bought by
Depalma Nicholas F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$322,700
Interest Rate
5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 26, 2002
Sold by
Ogden Partners Madison Llc
Bought by
Sutherland Harold W and Sutherland Barbara J
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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Average Value
Not Available
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
Saleem Mohammad $669,000 Chicago Title
Saleem Mohammad $669,000 Chicago Title
Boettcher Cherie $535,000 Fidelity National Title
Depalma Nicholas F -- --
Depalma Nicholas F $404,000 Premier Title
Sutherland Harold W $367,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Saleem Mohammad $619,000
Closed Saleem Mohammad $619,000
Previous Owner Boettcher Cherie $428,000
Previous Owner Depalma Nicholas F $322,700
Source: Public Records

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 $12,403 $57,681 $3,355 $54,326
2023 $12,091 $58,586 $1,840 $56,746
2022 $12,091 $58,586 $1,840 $56,746
2021 $11,820 $58,585 $1,839 $56,746
2020 $11,106 $49,691 $1,839 $47,852
2019 $10,963 $54,384 $1,839 $52,545
2018 $10,777 $54,384 $1,839 $52,545
2017 $10,430 $48,285 $1,623 $46,662
2016 $9,671 $48,285 $1,623 $46,662
2015 $8,848 $48,285 $1,623 $46,662
2014 $6,847 $36,903 $1,379 $35,524
2013 $6,712 $36,903 $1,379 $35,524
Source: Public Records

Map

Illinois Cook County Chicago 60607 West Loop

949 W Madison St Unit B503, Chicago, IL

This home is located at 949 W Madison St Unit B503, Chicago, IL 60607 and is currently estimated at $655,473. 949 W Madison St Unit B503 is a home located in Cook County with nearby schools including Skinner Elementary School, Wells Community Academy High School, and Frances Xavier Warde School.

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.

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