NOT LISTED FOR SALE

1550 N State Pkwy Unit 501-504 Chicago, IL 60610

Gold Coast Neighborhood

Estimated Value: $678,000 - $1,483,222

3 Beds
3 Baths
3,200 Sq Ft
$5,462/mo HOA Fee

Last Sold October 05, 2023

Last sale price $717,500 $224 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $12,574/month

5 Days on Market

Highlights

  • Doorman
  • Water Views
  • Landscaped Professionally
  • Lincoln Park High School Rated A
  • Fitness Center
  • Mature Trees

About This Home

As of October 2023

Incredible opportunity! Estate sale offers buyers a rare chance to get into this exclusive, intimate Benjamin Marshall building, and make the space their own! Full service includes the best doormen in the city and fantastic hands-on management. This particular home has stunning park views, beautiful light, and exceptional vintage charm and detail. Come see this incredible 3,200 square foot home with amazing potential. Two units combined for a half floor of elegance, with only one other unit on this floor, the building boasts a gorgeous lobby. This 5th-floor home showcases spectacular views of the lake, beach, and park, completely unobstructed. Bring your favorite architect or designer to re-imagine what this space could be. In addition, we can provide amazing ideas compliments of fantastic architect Joe Pinto. Enjoy this fantastic location with Lincoln Park and the Gold Coast steps from your door. The building also has a lovely exercise room, private wine room storage, and a building guest suite. 24/7 door staff and valet parking 10 steps from the front door.

Last Listed By

Joanne Nemerovski

Compass License #471006456 Listed on: 08/22/2023

Compass

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1912

Lot Details

  • End Unit
  • Partially Fenced Property
  • Landscaped Professionally
  • Mature Trees
  • Garden
  • Additional Parcels

HOA Fees

  • $5,462 Monthly HOA Fees

Parking

  • 2 Car Detached Garage
  • Leased Parking
  • Heated Garage

Interior Spaces

  • 3,200 Sq Ft Home
  • Wood Burning Fireplace
  • Entrance Foyer
  • Family Room with Fireplace
  • 2 Fireplaces
  • Living Room with Fireplace
  • Dining Room
  • Wood Flooring
  • Water Views
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms
  • 3 Full Bathrooms

Utilities

  • Partial Air Conditioning Available
  • Heating System Uses Steam
  • Lake Michigan Water
  • Cable TV Available

Additional Features

  • Exterior Lighting
  • Property is near a park

Community Details

Overview

  • Association fees include heat, air conditioning, water, insurance, doorman, tv/cable, exercise facilities, exterior maintenance, lawn care, scavenger, snow removal
  • 24 Units
  • Sudler Property Management Association, Phone Number (312) 706-2480
  • High-Rise Condominium
  • Property managed by OOR
  • 10-Story Property

Amenities

  • Doorman
  • Elevator
  • Service Elevator
  • Community Storage Space

Recreation

  • Fitness Center
  • Bike Trail

Pet Policy

  • Pets up to 25 lbs
  • Limit on the number of pets
  • Pet Size Limit
  • Dogs and Cats Allowed

Security

  • Resident Manager or Management On Site

Property Details

Home Type

Condominium

Year Built

Built in 1912

Lot Details

0

HOA Fees

$5,462 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: Condo,High Rise (7+ Stories),Vintage
  • Ownership: Condo
  • New Construction: No
  • Property Sub-Type: Condo,High Rise (7+ Stories),Vintage
  • Year Built: 1912
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: Historical District,Non-Smoking Building
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Unit Floor Level: 5
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 10

Interior Features

  • Basement: None
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Total Bedrooms: 3
  • Fireplace Features: Wood Burning
  • Fireplaces: 2
  • Interior Amenities: Hardwood Floors
  • LivingArea: 3200
  • Room Type: Foyer
  • Stories Total: 10
  • Estimated Total Finished Sq Ft: 3200
  • Basement Description: None
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 3200
  • Fireplace Location: Family Room,Living Room
  • Total Sq Ft: 3200
  • Main Level Sq Ft: 3200
  • Flooring: Hardwood
  • ResoLivingAreaSource: Estimated

Exterior Features

  • ExteriorFeatures: End Unit, Cable Access
  • List Price: 795000
  • Lot Features: Corner Lot, Landscaped, Park Adjacent, Water View, Mature Trees, Garden, Outdoor Lighting, Partial Fencing, Views, Sidewalks, Streetlights
  • OtherStructures: None
  • Waterfront: No
  • Exterior Building Type: Brick,Other

Garage/Parking

  • Garage Spaces: 2
  • Number of Cars: 2
  • Driveway: Concrete,Circular,Off Alley
  • Garage Details: Heated
  • Garage On-Site: Yes
  • Garage Ownership: Fee/Leased
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Cooling: Partial
  • Electric: Circuit Breakers
  • Heating: Steam
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK, Number Limit, Size Limit
  • Association Fee: 5462
  • Association Amenities: Bike Room/Bike Trails, Door Person, Elevator(s), Exercise Room, Storage, On Site Manager/Engineer, Service Elevator(s), Water View
  • Association Fee Frequency: Monthly
  • Management: Manager Off-site,Monday through Friday
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: OOR
  • Management Contact Name: SUDLER PROPERTY MANAGEMENT
  • Management Phone: 312-706-2480
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Heat, Air Conditioning, Water, Insurance, Doorman, TV/Cable, Exercise Facilities, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal

Schools

  • Middle/Junior School District: 299

Lot Info

  • Additional Parcels: Yes
  • Lot Dimensions: COMMON
  • Rural (Y/N): N
  • Special Assessments: N

Rental Info

  • Lease Amount: 410
  • Board Number: 8
  • Pets Allowed (Y/N): Yes
  • Is Parking Included in Price: No
  • Max Pet Weight: 25

Tax Info

  • Tax Annual Amount: 46968.01
  • Tax Year: 2021
  • Tax Exemptions: None

Multi Family

  • Units in Building: 24

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 22, 2023
Closed on
Sep 27, 2023
Sold by
Barbara Maxine Shapiro Revocable Trust
Bought by
1550 State Parkway Unit 501-504 Llc
Seller's Agent
Joanne Nemerovski
Compass
Buyer's Agent
Anna Foley-Henry
Dream Town Real Estate
List Price
$795,000
Sold Price
$717,500
Premium/Discount to List
-$77,500
-9.75%
Total Days on Market
5
Views
142
Current Estimated Value
$1,080,611

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$363,111
Avg. Annual Appreciation
30.02%

Purchase Details

Closed on
Jan 2, 2004
Sold by
Shapiro Norton and Shapiro Barbara H
Bought by
Barbara Maxine Shapiro Revocable Trust

Range of Values:

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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
1550 State Parkway Unit 501-504 Llc -- Old Republic Title
Barbara Maxine Shapiro Revocable Trust -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/05/2023 10/05/23 Sold $717,500 -9.7% $224 / Sq Ft
08/28/2023 08/28/23 Pending -- -- --
08/22/2023 08/22/23 For Sale $795,000 -- $248 / 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 $34,496 $204,757 $14,678 $190,079
2023 $34,496 $167,716 $11,818 $155,898
2022 $34,496 $167,716 $11,818 $155,898
2021 $33,726 $167,715 $11,818 $155,897
2020 $32,268 $144,850 $8,272 $136,578
2019 $31,581 $157,186 $8,272 $148,914
2018 $31,050 $157,186 $8,272 $148,914
2017 $29,208 $135,681 $6,618 $129,063
2016 $27,175 $135,681 $6,618 $129,063
2015 $29,392 $160,394 $6,618 $153,776
2014 $23,352 $125,863 $5,318 $120,545
2013 $22,891 $125,863 $5,318 $120,545
Source: Public Records

Agents Affiliated with this Home

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Source: Midwest Real Estate Data (MRED)

MLS Number: 11866616

Midwest Real Estate Data (MRED)

APN: 17-04-210-029-1017