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5536 N Glenwood Ave APT 2F
Score
0
Chicago, IL

5536 N Glenwood Ave APT 2F

720K
3 bd • 3 ba • 0 sf

This analysis was generated on 2/26/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

AI Property Analysis

0:00
0:00 / 0:00
List Price

$719,900

Price/Sq.Ft

$∞

Year Built

2003

AI Property Analysis

A comprehensive evaluation of this property's features, market position, and investment potential.

The Good

• Unique Architectural Features: The condo boasts soaring 20-foot ceilings, massive windows, and a contemporary design, creating a distinctive living space. • Prime Location: Situated in Andersonville's Lakewood Balmoral district, the property offers easy access to the lakefront trail, Foster Beach, and a variety of restaurants, bars, and shops in Andersonville and Edgewater. • Functional Layout: The open floor plan, three bedrooms, three full bathrooms, and loft provide ample space for living, entertaining, and accommodating guests. • Desirable Amenities: The property includes a balcony, in-unit washer and dryer, and parking, enhancing convenience and comfort. • Strong Property Value Appreciation: The property sold for $303,000 in 1999 and $650,000 in 2022, demonstrating a significant increase in value over time.

The Bad

• Lack of Square Footage Data: The missing square footage makes it difficult to accurately assess the price per square foot and compare the property's value to similar condos in the area. • Average School Ratings: The local schools have average ratings (Peirce Elementary: 6/10, Senn High School: 4/10). This may be a concern for families with children and could affect resale value. • Moderate Flood Risk: The property has a moderate flood risk (4/10), which may lead to higher insurance premiums and potential property damage. FEMA Zone X_UNSHADED suggests some, but not major, flood potential.

The Ugly

• HOA Fee Burden: Although the HOA includes water, parking, insurance, exterior maintenance, scavenger, and snow removal, the actual fee amount is not specified, making it difficult to assess the overall cost of ownership. High HOA fees can deter potential buyers. • High Listing Price Increase: The listing price increased by 10.8% in a short period (from $650,000 in 2022 to $719,900 in 2025). This significant price jump may deter buyers if not justified by substantial improvements or market conditions. • Limited Climate Risk Data: While flood, fire, air quality, heat, and wind risks are provided, the lack of comparative data for the Chicago area makes it difficult to assess the relative severity of these risks. The moderate air quality risk with 5 bad air days per year may concern health-conscious buyers.

Who is this property for?

These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.

Best For

• Buyers Seeking a Unique Architectural Style: The condo's contemporary design, soaring 20-foot ceilings, and massive windows offer a distinct aesthetic. • City Dwellers Who Value Location: Situated in Andersonville's Lakewood Balmoral district, the property offers convenient access to the lakefront trail, Foster Beach, restaurants, shopping, and downtown Chicago. • Buyers Who Need Multiple Bedrooms and Bathrooms: The property features three bedrooms and three full bathrooms, providing ample space for families or those who desire guest accommodations. • Buyers Seeking a Pet-Friendly Environment: The proximity to parks and the lakefront trail makes this location ideal for dog owners.

Not For

• Buyers Sensitive to Flood Risks: The property has a moderate flood risk (4/10), which may concern risk-averse buyers. • Those Seeking Low HOA Fees: While the HOA covers many services, buyers on a strict budget may find the fees a barrier. • Buyers Requiring a Specific School District: The local schools have average ratings (6/10 and 4/10), which may not meet the needs of buyers prioritizing highly-rated schools. • Buyers Averse to City Noise: Despite being on a quiet street, the property is in a lively urban area, which may not suit those seeking complete tranquility.
Demographics
Area Median Income

$63,660

Property History

Price History
Ownership Timeline
$0Cash Purchase
Jul 11, 2024
Daniel Goldstein, Nami Yamamoto GoldsteinDaniel Goldstein
Intrafamily Transfer
Non-Arm's Length Transactions
$650,000Financed
Oct 20, 2022
Niles E Goldstein, Carolyn N GillDaniel Goldstein, Nami Yamamoto Goldstein
Deed
Standard Sale (Purchase/Resales)
$0Cash Purchase
Jun 1, 2022
Niles Goldstein, Carolyn N GillMelvin Goldstein, Lois Goldstein
Intrafamily Transfer
Non-Arm's Length Transactions
$340,000Financed
Dec 4, 2001
James F Nash, Kim S NashMichael Byers
Warranty Deed
Standard Sale (Purchase/Resales)
$303,000Financed
Aug 26, 1999
5536 North Glenwood Partners LpJames E Nash, Kim S Nash
Warranty Deed
Standard Sale (Purchase/Resales)

Property Taxes

$9,169
2022 Tax Assessment
2.1%from previous year
Assessed Value$47,999
Tax Rate19.10%

Market Insights

Real-time analysis of the local housing market

January 2025
Seller's Market

This is currently a competitive market for buyers in 60640. Homes are selling quickly and often above asking price, so be prepared to act fast and make strong offers.

$389,109
$283/sqft
14.9%
Change from last month
Your price: $720K (+85%)
0
135
33 sold last month
9.8%
Change from last month
24 days
Average for homes in this area
1.5%
Change from last month
This property: 40 days (+67%)

Sale Price Distribution

Last month
9
Over Asking
homes
4
At Asking
homes
20
Under Asking
homes
Total: 33 homes sold

If you're buying a home in 60640, you may be able to get a good deal. 60.6% of homes here sold below asking price last month.

Sale Time Distribution

Last month
22
Under 30 Days
homes
10
30-90 Days
homes
Your property
1
Over 90 Days
homes
Total: 33 homes sold

Many homes in 60640 are selling fast, if you're buying plan to act quickly.

Sunlight Analysis

Visualize how sunlight affects this property throughout the day and year.

Sunlight Analysis

Data provided by Shadowmap

Loading sunlight data...

Risk Assessment

Climate Risks

airMODERATE

5 bad air quality days per year

floodMODERATE

FEMA Zone: Minimal Risk Area

Insurance: Recommended

heatMINIMAL

7 extreme heat days per year

98th percentile: 99°F

windMINIMAL

Insurance: Recommended

fireMINIMAL

Insurance: Optional

Risk Analysis

• Flood Risk: The moderate flood risk (4/10) may lead to increased insurance premiums and potential property damage. • School Ratings: The average school ratings (6/10 and 4/10) may affect resale value and appeal to families. • HOA Fee Increases: HOA fees can increase over time, impacting the overall cost of ownership. • Limited Square Footage Data: The lack of square footage data makes it difficult to assess the price per square foot and compare the property to others accurately.
Insurance
Annual Cost

$2,592

$216 per month

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Schools

Showing top 5 of 6 schools

Chappell Elementary School

Public•Grades PK-8
7/10
ElementaryMiddle
572 students

Mcpherson Elementary School

Public•Grades PK-8
5/10
ElementaryMiddle
692 students

Peirce Elementary Intl Studies School

Public•Grades PK-8
4/10
ElementaryMiddle
1,018 students

Mccutcheon Elementary School

Public•Grades PK-8
4/10
ElementaryMiddle
372 students

Amundsen High School

Public•Grades 9-12
4/10
High
1,227 students

Financials

Monthly Costs
Market Rent (3 bed)

$2,270

Get a detailed estimate on Zillow®
HOA Fee

$303

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Location & Comparables

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