5A/1601 South State Street

Chicago IL 60616

1250 sq. ft.

Condo

Last sold for $370,000

Stephany Oliveros, last sold this property on 21 June 2021 after -260 days on market.

Overview

Great Investment Opportunity! Tenant occupied. Beautiful, spacious, well maintained condo leased through August 31, 2021 (see agent remarks for flexibilty in occupancy). Situated in convenient South Loop location. Enjoy modern, high-end finishes in the kitchen - 42" imported Italian cabinets, granite and stainless steel appliances. Living room has gas fireplace, sliding doors and access to balcony. Bathrooms are finished with marble and granite, master bath has separate shower, whirlpool tub with 5 jetted heads. Spacious closet space in both bedrooms, primary bed has walk-in closet. Unit has its own washer and dryer. Second bedroom is perfect for home office, guest bedroom or nursery (loft space, no window). Hardwood floors throughout. Monthly assessment or rent includes heated garage parking, heat, gas, water, building internet, Direct TV satellite basic service and parking. Additional $35k for heated parking space #14 on ground level (most preferred spot in the bldg.). New construction in 2004. High floor, west facing, with lovely views of State Street, not the L side. Located right across Columbia College. Surrounded by multiple shopping including Mariano's Grocery (a block away), on Roosevelt Rd- including Whole Foods, Trader Joe's, Jewel, restaurants, parks like Museum Park Campus, Soldier Field, Ping Tom Memorial Park Fieldhouse, McCormick Place, Lake Shore Dr, easy access to expressway I-55, I-94, I-290, CTA el stop on Roosevelt/State or Cermak & State, metra on 18th St, Chinatown and East Pilsen. Minutes to University of Chicago Campus and Hospital, the new Obama Presidential Library, Jackson Park. This area continues to attract tons of exciting projects with investments like The 78, and Chicago's Old Post Office. Currently rented for $2450, was rented for $2700 pre-covid. Eligible for FHA spot approval.

Features

2 bedrooms

2 bathrooms

1 carspace

1 garage space

1250 sq. ft. floor area

Condo

Estimated Value

Based on this property and similar 2 bedroom condos sold in Chicago over the last 12 months, the estimated median property value of 5A/1601 South State Street is $385k.

Median value

$385k

Estimated value range

$120k - $685k

Median days on market

Estimated value trend

-2%

decrease over the last 12 months

Average days on market is based on recent, comparable sales in Chicago. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 5A/1601 South State Street

2021

Sold

$370,000

21 Jun 2021 by Stephany Oliveros, of Compass

Happy sellers in Chicago

We have insufficient information to provide an overview of customer satisfaction for Chicago. Viewing the agent profiles, reviews and sales for Chicago can provide insights for this location.