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545 West Belmont Avenue

545 West Belmont Avenue, Chicago, IL 60657
545 West Belmont Avenue is a condo located in Lake View East, Chicago. The building was first built in 1941 and is 83 years old. In total, 545 West Belmont Avenue has a total floor area of 24,796 square feet. 545 West Belmont Avenue 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. There are 1 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 68 days and tend to sell above the original asking price of $525,000 by 0.76%. Meaning, listings tend to sell at a median of $328 price per square foot. The transaction that took the longest to complete was unit 3W, listed on Jul 21, 2021 for $525,000. This particular unit ultimately sold 68 days later for $529,000. The most recent transaction was for unit 3W, which was first advertised on Jul 21, 2021, sold for $529,000 on Sep 27, 2021. Fun fact, the oldest transaction we have on record took place on Sep 27, 2021. See the full transaction history for 545 West Belmont Avenue below.

Lake View East, where 545 West Belmont Avenue is located, has a median asking price of $280,000 for condo buildings. Meanwhile, the building itself has a median asking price of $525,000. For interested buyers, that means the building's median asking price is around inf% above the neighborhood's median asking price for condos. A buyer may therefore end up paying more for a unit 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.

1 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20210721 Unit 3W
07/21/2021
3W
3 Bed
2 Bath
1600 ft²
$525,000
bedrooms
3 Bed
bathrooms
2 Bath
square feet
1600 ft²
$529,000 +0.76%
09/27/2021
Lisa Rudisel
Jameson Sotheby's Intl Realty

Building Info

Overview

    General

  • Year Built: 1941
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Style: Condo
  • Exterior Walls Type: Brick
  • Floor Count: 3
  • Living Units: 12
  • Basement Area: 0
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 9,600
  • Total Building Area: 24,796
  • Gross Building Area: 24,796
  • Building Area: 24,796
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 24,796
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: MELROSE AVE CONDOMINIUM
  • Land Acres: 0.22
  • Standard Land Use Code: Condominium unit (residential)
  • Legal Description 1: EAST12 FT LOT3 HARNSTRONS SUB LOTS6 &7 & LOT8 COUNTY CLERKS DIVISION LO TS3-9 & PART LOT2 ASSESSORS DIVISIO

Ownership

  • Current Owner : MORRIS NICHOLAS
  • Current Owner 2: GONNER KATHRYN
  • Previous Owner : CULOTTA ARON W
  • Previous Owner 2: CULOTTA ALEXIS
  • Owner Before Previous Owner: PACH LISA A
  • Ownership Rights Codes: Tenants by Entirety

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 061901

Zoning

  • Zoning: RM-6

Geography

  • Assessors Map Reference: 1-009-088-02
  • District: 73
  • Parcel: 14-21-314-050-1004
  • Lot: 1-9
  • Meridian: SEC 21 TWN 40N RNG 14E
  • Municipality: LAKE VIEW
  • Latitude: 41.941
  • Longitude: -87.6438

    Address

  • Full Address: 545 W Melrose St
  • Address - House Number: 545
  • Street Direction: W
  • Address - Street Name: Melrose
  • Address - Suffix Type: St
  • State: IL
  • City Name: Chicago
  • Carrier Code: C051
  • 4-Digit Zip Code: 8566
  • Zip Code: 60657

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $9,050
  • Tax Rate Code Area: 73105

    Appraisal Valuation

  • Standard Deviation: 0.1801
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 76
  • Final Value: 501,832
  • High Value: 592,216
  • Low Value: 411,449

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $418,500
  • First Open Lien Mortgage Lender: GUARANTEED RATE INC
  • First Open Lien Mortgage Recording Date: Oct 16, 2020
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $418,500
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Aug 01, 2050

    Market Valuation

  • Market Total Value: $440,000
  • Market Land Value: $87,280
  • Market Improvement Value: $352,720

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $44,000
  • Assessed Land Value: $8,728
  • Assessed Improvements Value: $35,272

    Sales

  • Current Sale Contract Date: Jul 11, 2020
  • Current Sale Recording Date: Oct 16, 2020
  • Current Sale Transaction ID: 11793176406
  • Current Sale Price: $465,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2029007395
  • Previous Sale Recording Date: Jun 15, 2009
  • Previous Sale Contract Date: Apr 27, 2009
  • Previous Sale Amount: $370,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: GUARANTEED RATE INC
  • First Mortgage Transaction Date: Oct 16, 2020
  • First Mortgage Loan Amount: $418,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Aug 01, 2050

    Financing

  • First Mortgage Financing Type: Fixed Rate

    Previous Mortgages

  • Previous Mortgage Lender: GUARANTEED RATE INC
  • Previous Mortgage Transaction Date: Jun 15, 2009
  • Previous Mortgage Loan Amount: $314,415
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: Jun 01, 2039

About North Side



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Unit for rent at 930 W Altgeld Street, Chicago, IL, 60614

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930 W Altgeld Street #704, Chicago, IL, 60614 Listing by Sara McCarthy
Unit for rent at 440 W Oakdale Avenue, Chicago, IL, 60657

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440 W Oakdale Avenue #3, Chicago, IL, 60657 Listing by Amy Duong
Unit for rent at 1631 W Wolfram Street, Chicago, IL, 60657

$8,000 /mo

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  • 4.5 Baths
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1631 W Wolfram Street, Chicago, IL, 60657 Listing by Daniel O'Donoghue
Unit for rent at 611 W Barry Avenue, Chicago, IL, 60657

$3,500 /mo

  • 2 Beds
  • 1 Bath
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Unit for rent at 3100 N Sheridan Road, Chicago, IL, 60657

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Frequently Asked Questions

What neighborhood is 545 West Belmont Avenue located in?
The 545 West Belmont Avenue is a condo located in the neighborhood of Lake View East in North Side, Chicago.
What is the average sales price for listings in 545 West Belmont Avenue?
The average sales price for units in 545 West Belmont Avenue is $525,000 , or $328/sqft. currently.

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