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1502 North Sedgwick Street

1502 North Sedgwick Street, Chicago, IL 60610
Condo in Old Town
1502 North Sedgwick Street is a condo located in Old Town, Chicago. The building was first built in 1888 and is 136 years old. The lot that the building was built on is 250 feet wide and 1,230 feet long. In total, 1502 North Sedgwick Street has a total floor area of 3,198 square feet. 1502 North Sedgwick Street has a total of 3 floors.

Interested in learning more about the building? There are many great amenities and features for residents in the building. On weekends, residents can enjoy the building's deck. There are 9 closings on record, of which we have matching data for 1 listings. In the past 3 years, a listing in this building will typically remain on the market for about 42 days and tend to sell below the original asking price of $479,000 by 1.04%. Meaning, listings tend to sell at a median of $309 price per square foot. The transaction that took the longest to complete was unit 5N, listed on Sep 09, 2021 for $479,000. This particular unit ultimately sold 42 days later for $474,000. The most recent transaction was for unit P7, sold for $474,000 on Oct 21, 2021. Fun fact, the oldest transaction we have on record took place on Sep 14, 2017. See the full transaction history for 1502 North Sedgwick Street below.

Old Town, where 1502 North Sedgwick Street is located, has a median asking price of $579,000 for condo buildings. Meanwhile, the building itself has a median asking price of $479,000. For interested buyers, that means the building's median asking price is around 0.17% below the neighborhood's median asking price for condos. Which is great news as a buyer may end up finding some relatively affordable units in this building compared to other condo buildings in the neighborhood.

Unfortunately, there are currently no active listings within the building but our inventory of available units for sale is constantly updating in real time. Check back frequently for updates.

Building Features

Exterior

Brick Exterior
This property description is generated based on publicly available data.

4 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20230111 Unit 5S
01/11/2023
5S
2 Bed
2 Bath
-
$499,000
bedrooms
2 Bed
bathrooms
2 Bath
-
-
-
Kelly Parker
Compass
20220517 Unit 4N
05/17/2022
4N
2 Bed
2 Bath
1600 ft²
$520,000
bedrooms
2 Bed
bathrooms
2 Bath
square feet
1600 ft²
-
-
-
Kathryn Schrage
Redfin
20211015 Unit 3S
10/15/2021
3S
2 Bed
2 Bath
1600 ft²
$519,300
bedrooms
2 Bed
bathrooms
2 Bath
square feet
1600 ft²
-
-
-
Kathryn Schrage
Redfin
20210909 Unit 5N
09/09/2021
5N
2 Bed
2 Bath
1550 ft²
$479,000
bedrooms
2 Bed
bathrooms
2 Bath
square feet
1550 ft²
$474,000 -1.04%
10/21/2021
Peter Fisk
Compass

Building Info

Overview

    General

  • Year Built: 1888
  • Effective Year Built: 1888
  • Building Count: 1
  • Total Rooms: 15
  • Bedroom Count: 6
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Masonry
  • Building Style: Multifamily
  • Exterior Walls Type: Masonry
  • Roof Cover Type: Tar and gravel
  • Floor Count: 3
  • Living Units: 3
  • Basement Type: Finished improved basement
  • Basement Area: 0
  • Garage Type: Detached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 3,100
  • Lot Size Depth Feet: 1,230
  • Lot Size Frontage Feet: 250
  • Total Building Area: 3,198
  • Gross Building Area: 3,198
  • Building Area: 3,198
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Hot water
  • Heated Square Feet: 3,198
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: STATE BANK ILLINOIS
  • Land Acres: 0.071
  • Standard Land Use Code: Apartments (generic)
  • Legal Description 1: L2 B2 STATE BANK OF ILLINOIS SUBD N E1/4 NW1/4 S4 T39N R14E

Ownership

  • Current Owner : 1502 N HUDSON LLC
  • Previous Owner : CLOUDVIEW REAL ESTATE LLC
  • Owner Before Previous Owner: MENCONI MARK
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 080400

Zoning

  • Zoning: RM-5

Geography

  • Assessors Map Reference: 02S-67-01
  • District: 74
  • Parcel: 17-04-110-047-0000
  • Block: 2
  • Lot: 2
  • Meridian: SEC 04 TWN 39N RNG 14E
  • Municipality: NORTH CHICAGO
  • Latitude: 41.9094
  • Longitude: -87.6403

    Address

  • Full Address: 1502 N Hudson Ave
  • Address - House Number: 1502
  • Street Direction: N
  • Address - Street Name: Hudson
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Chicago
  • Carrier Code: C074
  • 4-Digit Zip Code: 3540
  • Zip Code: 60610

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $25,299
  • Tax Rate Code Area: 74009

    Appraisal Valuation

  • Standard Deviation: 0.1509
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 69
  • Final Value: 1,184,880
  • High Value: 1,363,720
  • Low Value: 1,006,039

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $2,010,000
  • First Open Lien Mortgage Lender: FARMERS & MERCHANTS BANK
  • First Open Lien Mortgage Recording Date: Mar 13, 2024
  • First Open Lien Mortgage Loan Amount: $2,010,000
  • First Open Lien Mortgage Term: 12
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Building or Construction Loan
  • First Open Lien Mortgage Loan Due Date: Mar 01, 2025

    Market Valuation

  • Market Total Value: $1,137,110
  • Market Land Value: $387,500
  • Market Improvement Value: $749,610

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $113,711
  • Assessed Land Value: $38,750
  • Assessed Improvements Value: $74,961

    Sales

  • Current Sale Contract Date: Mar 01, 2024
  • Current Sale Recording Date: Mar 13, 2024
  • Current Sale Transaction ID: 11922446414
  • Current Sale Price: $1,300,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 20042
  • Previous Sale Recording Date: Dec 22, 2008
  • Previous Sale Contract Date: Nov 21, 2008
  • Previous Sale Amount: $928,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: FARMERS & MERCHANTS BANK
  • First Mortgage Transaction Date: Mar 13, 2024
  • First Mortgage Loan Amount: $2,010,000
  • First Mortgage Terms: 12
  • First Mortgage Loan Type: Building or Construction Loan
  • First Mortgage Loan Due Date: Mar 01, 2025

About Central Chicago



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Frequently Asked Questions

What neighborhood is 1502 North Sedgwick Street located in?
The 1502 North Sedgwick Street is a condo located in the neighborhood of Old Town in Central Chicago, Chicago.
What is the average sales price for listings in 1502 North Sedgwick Street?
The average sales price for units in 1502 North Sedgwick Street is $479,000 , or $309/sqft. currently.

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