Seller's Agent in 2023
Michael Gentile
@ Properties
(312) 929-2282
9 in this area
111 Total Sales
Michigan 1400 1400 S Michigan Ave Unit 2304 Chicago, IL 60605
South Loop NeighborhoodEstimated Value: $427,000 - $504,000
2
Beds
2
Baths
1,260
Sq Ft
$664/mo
HOA Fee
Highlights
- Doorman
- Open Floorplan
- Corner Lot
- Fitness Center
- Wood Flooring
- 3-minute walk to Daniel Webster Park
About This Home
As of November 2023MUST SEE! Luxury, well maintained 2 bed/2 bath southeast corner unit with hardwood floors, stainless steel appliances, granite countertops w/breakfast bar, oversized cabinets and in-unit washer/dryer. Full amenity building includes outdoor pool, sundeck, dog run, 24hr doorstaff, exercise room, party/community room and bike storage. The South Loop location is great for walking to Grant and Millennium Parks, museums, Soldier Field, Northerly Island, Burnham Harbor, Downtown Chicago and a host of fabulous restaurants. If walking doesn't appeal to you, no problem, CTA bus lines are right on Michigan Avenue and the Redline Train is only 3 blocks away. One garage space is available for a fee Investors can rent immediately, there is no rental cap and the unit is already tenant occupied! Make an appointment to see the unit today!
Last Listed By
@properties Christie's International Real Estate License #475152967 Listed on: 08/19/2023
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $10,868
Year Built
- Built in 2008
Lot Details
- Additional Parcels
HOA Fees
- $664 Monthly HOA Fees
Parking
- 1 Car Attached Garage
- Garage Door Opener
- Side Driveway
- Parking Included in Price
Home Design
- Concrete Block And Stucco Construction
Interior Spaces
- 1,260 Sq Ft Home
- Open Floorplan
Kitchen
- Range
- Microwave
- Dishwasher
- Granite Countertops
- Disposal
Flooring
- Wood
- Partially Carpeted
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Potential Bedrooms
- Walk-In Closet
- 2 Full Bathrooms
- Soaking Tub
Laundry
- Laundry in unit
- Washer and Dryer Hookup
Utilities
- Cooling Available
- Heating System Uses Steam
- Lake Michigan Water
Community Details
Overview
- Association fees include heat, air conditioning, water, gas, parking, insurance, doorman, tv/cable, exercise facilities, pool, exterior maintenance, lawn care, scavenger, snow removal
- 257 Units
- Deanna Hicks Association, Phone Number (312) 663-1167
- High-Rise Condominium
- Property managed by GNP Management Group
- 28-Story Property
Amenities
- Doorman
- Sundeck
- Business Center
- Party Room
- Elevator
- Service Elevator
Recreation
- Bike Trail
Pet Policy
- Dogs and Cats Allowed
Security
- Resident Manager or Management On Site
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 19, 2023
Closed on
Oct 31, 2023
Sold by
Bedi Justin
Bought by
Ramsey Zayek Revocable Living Trust and Zayek
Seller's Agent
Michael Gentile
@properties Christie's International Real Estate
Buyer's Agent
Edward Jelinek
@properties Christie's International Real Estate
List Price
$415,000
Sold Price
$410,000
Premium/Discount to List
-$5,000
-1.2%
Total Days on Market
32
Views
550
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
$45,024
Avg. Annual Appreciation
8.13%
Original Mortgage
$328,000
Outstanding Balance
$324,184
Interest Rate
7.5%
Mortgage Type
New Conventional
Estimated Equity
$136,489
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 |
|---|---|---|---|
| Ramsey Zayek Revocable Living Trust | $410,000 | Proper Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Ramsey Zayek Revocable Living Trust | $328,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/03/2023 11/03/23 | Sold | $410,000 | -1.2% | $325 / Sq Ft |
| 09/21/2023 09/21/23 | Pending | -- | -- | -- |
| 08/19/2023 08/19/23 | For Sale | $415,000 | 0.0% | $329 / Sq Ft |
| 09/23/2022 09/23/22 | Rented | $3,150 | +6.8% | -- |
| 09/02/2022 09/02/22 | For Rent | $2,950 | +12.4% | -- |
| 08/26/2020 08/26/20 | Rented | $2,625 | +5.0% | -- |
| 08/15/2020 08/15/20 | For Rent | $2,500 | -13.8% | -- |
| 07/26/2018 07/26/18 | Rented | $2,900 | +7.4% | -- |
| 06/27/2018 06/27/18 | For Rent | $2,700 | -- | -- |
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 | $9,267 | $44,005 | $2,552 | $41,453 |
| 2023 | $9,267 | $44,918 | $2,062 | $42,856 |
| 2022 | $9,267 | $44,918 | $2,062 | $42,856 |
| 2021 | $9,059 | $44,916 | $2,061 | $42,855 |
| 2020 | $9,635 | $43,249 | $1,686 | $41,563 |
| 2019 | $9,461 | $47,091 | $1,686 | $45,405 |
| 2018 | $9,302 | $47,091 | $1,686 | $45,405 |
| 2017 | $6,515 | $30,265 | $1,328 | $28,937 |
| 2016 | $6,062 | $30,265 | $1,328 | $28,937 |
| 2015 | $5,546 | $30,265 | $1,328 | $28,937 |
| 2014 | $5,450 | $29,375 | $502 | $28,873 |
Source: Public Records
Agents Affiliated with this Home
-
Michael Gentile
-
Edward Jelinek
Buyer's Agent in 2023
Edward Jelinek
@ Properties
(773) 230-0083
1 in this area
187 Total Sales
-
Ife Ekwunife
Buyer's Agent in 2022
Ife Ekwunife
Real 1 Realty
(312) 799-9563
11 Total Sales
-
Buyer's Agent in 2020
Arielle Scott
EXIT Strategy Realty
7 Total Sales
-
Alex Menoni
Buyer's Agent in 2018
Alex Menoni
@ Properties
(708) 790-8521
1 in this area
71 Total Sales
About Michigan 1400
Map
Similar Homes in Chicago, IL
Source: Midwest Real Estate Data (MRED)
MLS Number: 11864628
APN: 17-22-107-080-1188
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