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50 E 16th St Unit 305, Chicago, IL, 60616

$365,000

Home List Price

$4,334*

Closing Credit

2 Bedrooms
1 Full Bath
1,478 SqFt
$247/SqFt
Condo

Location

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50 E 16th St Unit 305, Chicago$365,000

Buyer Closing Credits

$4,334*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
Attached Garage1 space
Year Built2008
HeatingElectric, Forced Air
CoolingCentral Air
MLS #12180377
StatusActive

About 50 E 16th St Unit 305

Discover this gorgeous 2-bedroom, 1-bathroom corner unit that boasts an abundance of natural light and modern elegance. Featuring soaring 10-foot exposed concrete ceilings and floor-to-ceiling windows, this home is drenched in daylight, creating an inviting atmosphere. The contemporary chef's kitchen is a dream for culinary enthusiasts, equipped with a new Fisher & Paykel range and oven (2023), stainless steel appliances, sleek quartz countertops, and custom cabinetry. The bathroom was beautifully remodeled in 2023, complete with heated floors and a heated toilet/bidet for added luxury. Convenience is key with an in-unit washer and dryer (replaced in 2022) and a new HVAC system installed in 2021. Step out onto the over 500 sq ft of private terrace and take in breathtaking views that are sure to impress. This full-amenity building offers exceptional features, including a 24-hour doorman, community outdoor space, a 2,000-square-foot updated gym, and a common outdoor sundeck with grills. You'll also benefit from attentive onsite property management. Ideally situated, you'll find yourself just moments away from Michigan Avenue, Lake Michigan, a variety of public transportation options, multiple museums, McCormick Place, universities, Grant Park, Soldier Field, award-winning restaurants, and premier shopping. The neighborhood boasts private surroundings and is home to the highly sought-after South Loop Elementary Schools, along with easy access to Fred Anderson Dog Park. Additionally, this unit includes a highly desirable parking spot (additional 20k) and a storage locker, making it a true gem in the South Loop.

Property Details

Property Features

Property Information:

  • Year Built: 2008
  • Stories: 14
  • Living Area: 1,478 SqFt

Listing Office:

  • Office Name: Brokerocity Inc
  • Office Phone: (847) 984-9500
  • Listing Agent: Anna Surtel

Interior Features

Interior Information:

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Disposal, Stainless Steel Appliance(s)
  • Basement: No
  • Interior: Wood Laminate Floors, Heated Floors, Ceiling - 10 Foot, Open Floorplan, Some Window Treatment, Doorman, Drapes/Blinds, Granite Counters, Lobby, Separate Dining Room

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 2

Exterior Features

Parking Information:

  • Garage Space: 1 space
  • Attached Garage: Yes

Utilities

Utilities Information:

  • Heating: Electric, Forced Air
  • Cooling: Central Air

Other

Directions Information:

  • Directions: Roosvelt to Michigan Ave, South to 16th, West to Property

Price Information

Listing Price Info

Price Summary:

  • List Price: $365,000
  • Price Per SqFt: $247/SqFt

HOA Fees:

  • Amount: $629
  • Frequency: Monthly

Tax Information:

  • Annual Amount: $5,756
  • Tax Year: 2019
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Housing Market Comparison

See how this home compares to others in Chicago, IL.

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Chicago, IL

City

Med. Sold Price

$360.3K

Med. Price/SqFt

$259

Avg. Days On Market

32

# of Sold Homes

1796

50 E 16th St Unit 305 vs Chicago

49 DAYS ON ROCKET

+17 Days

$365,000

+$4.6K More

$247/SqFt

-$13 Less

KEY TAKEAWAY

This property is $4.6K more than the Median Sold Price and $13/SqFt less than other homes in Chicago, IL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MRED
  • MLS Number: #12180377

Listing Office:

  • Office Name: Brokerocity Inc
  • Office Phone: (847) 984-9500
  • Listing Agent: Anna Surtel

IDX Listings courtesy of Midwest Real Estate Data as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDX Copyright © 2024 Midwest Real Estate Data LLC (MRED). All rights reserved.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than the broker/agent who owns the website are marked with the MRED Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (the MRED logo) and detailed information about them includes the names of the listing brokers.

All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.

Some properties which appear for sale on this website may subsequently have sold and may no longer be available. Information Deemed Reliable but Not Guaranteed. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the "DMCA") provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@theMLSGRID.co

The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.

Copyright © 2024 Midwest Real Estate Data LLC (MRED). All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/23/2024, 8:15:52 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

May 10, 2016Home Sold
$363,000

Tax History

YEARPROP. TAXASSESSMENT
2019$5,756$28,650
2018$5,659$28,650
2017$3,751$17,425

History based on county public records data.

Payment Calculator

$2,518

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,161

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-848152
4
/10

  • Cooper Elementary Academy

  • 1624 W 19th St

  • 2.18 miles

  • Public District Grades PK-5

school-card-donut-848153
5
/10

  • Univ of Chicago Charter-Donoghue

  • 707 E 37th St

  • 2.43 miles

  • Public Charter Grades PK-5

school-card-donut-848154
3
/10

  • Hope Learning Academy

  • 1628 W Washington Blvd

  • 2.72 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $91,719. Most Chicago, IL residents have annual incomes between $35k-100k. Residents typically live in single, no kids family. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 50 E 16th St Unit 305

What is the listing price of this property?

The listing price of 50 E 16th St Unit 305 property is $365,000.

What type of property is this?

The property 50 E 16th St Unit 305 is a condo located in Chicago, Illinois, 60616.

Is this property for sale now?

Active Listing: 50 E 16th St Unit 305 is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2019 is $5,756 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on May 10, 2016 for $363,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 50 E 16th St Unit 305 has 2 bedrooms and 1 bathroom.

What is the square footage of this property?

The property 50 E 16th St Unit 305 is 1,478 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 50 E 16th St Unit 305 is 2008.

Rocket Homes›Illinois›Cook County›Chicago›60616›50 E 16th St Unit 305

This home is located at 50 E 16th St Unit 305 in Chicago, IL and zip code 60616 in the Near South Side neighborhood. This 1,478 square foot home was built in 2008. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since October 04, 2024 and is currently priced at $365,000.

In October 2024, from all listings sold in Chicago, IL there were more than 539 sold above asking price, over 919 sold below and more than 337 were sold right at the asked price. The inventory of homes for sale in Chicago, IL between September 2024 and October 2024 increased by 14.5%. Listings spent 32 days on the market in October 2024, and had a median list price of $360,336 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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