Landlord's Agent in 2023
Philip Skowron
Compass
(312) 612-0303
10 in this area
130 Total Sales
The Residences at the Ritz-Carlton 118 E Erie St Unit 26A Chicago, IL 60611
Magnificent Mile NeighborhoodEstimated Value: $1,270,000 - $1,489,000
2
Beds
2.5
Baths
2,500
Sq Ft
0.28
Acres Lot
Highlights
- Doorman
- Fitness Center
- Gallery
- Steam Room
- Wood Flooring
- Terrace
About This Home
As of February 2023Expansive 2,500 SF, 2 bedroom + den/office corner unit with sweeping city views from the South, East and West is absolute perfection. The unit features 7-inch wide espresso plank hardwood floors, 11-ft ceilings, integrated speakers and Lutron Smart Home System that controls music, temperature, lights and shades throughout the home. The grand entry with its designer wallpaper and arched doorways leads you to the graciously sized living and dining room that is great for entertaining with its dry bar, USB connections at all outlets, window seating, and terrace overlooking Michigan Ave. The large eat-in DeGiulio chef's kitchen features a 2nd terrace, SieMatic cabinetry, with additional upper cabinetry all the way up to the ceiling, marble counters, backsplash, integrated SubZero refrigerator, Wolf range with vented hood, Miele dishwasher, and additional SubZero freezer drawers in the newly installed walnut island. The serene master suite has custom, solid wood doors and leather trim interiors by NEFF in the closets, and blackout shades. Both ensuite bedrooms feature luxurious spa baths featuring Kallista sinks, Dornbracht plumbing fixtures, Limestone counters, and DeGiulio vanities with SieMatic cabinetry. A completely redesigned laundry room with custom upper and lower cabinetry, 1/2" Glacier Ice Corian countertops, sink, and a full-size, side-by-side washer/dryer round out this spectacular unit. Building residents have exclusive access to The Ritz-Carlton Residences' five-star amenities which include: 24-hour door security, 24hr valet, butler, in-home dining and concierge services, The Landmark Club Grand Salon, private theater, billiards lounge, exercise room, private spa salon, and treatment room. Rent includes heat, air, water, cable, and internet. 2 valet spaces available for $500/mo each.
Condo Details
Home Type
- Condominium
Year Built
- Built in 2013
Lot Details
- 0.28
Parking
- 2 Car Attached Garage
- Parking Space is Owned
Interior Spaces
- 2,500 Sq Ft Home
- Wet Bar
- Entrance Foyer
- Combination Dining and Living Room
- Den
- Gallery
- Wood Flooring
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Potential Bedrooms
- Dual Sinks
- Soaking Tub
Laundry
- Laundry Room
- Sink Near Laundry
- Gas Dryer Hookup
Home Security
Outdoor Features
- Terrace
Utilities
- Central Air
- Heating System Uses Steam
- Lake Michigan Water
Listing and Financial Details
- Property Available on 9/7/22
- Rent includes cable TV, gas, heat, water, parking, scavenger, doorman, storage lockers, internet, air conditioning, wi-fi
- 12 Month Lease Term
Community Details
Overview
- 89 Units
- Micah Hine Association, Phone Number (312) 846-7022
- High-Rise Community
- Property managed by The Ritz-Carlton
- 40-Story Property
Amenities
- Doorman
- Steam Room
- Party Room
- Elevator
- Package Room
- Community Storage Space
Recreation
- Bike Trail
Pet Policy
- Pets up to 99 lbs
- Dogs and Cats Allowed
Security
- Resident Manager or Management On Site
- Storm Screens
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 11, 2021
Closed on
Jan 11, 2022
Sold by
Olanoff Edith and Edith Olanoff Revocable Trust
Bought by
Derbil Gulden Kanatli and Gulden Kanatli Derbil Revocable Trust
Seller's Agent
Philip Skowron
Compass
Buyer's Agent
Jeanne Keating
Compass
List Price
$2,295,000
Sold Price
$1,650,000
Premium/Discount to List
-$645,000
-28.1%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$221,038
Avg. Annual Appreciation
-3.21%
Purchase Details
Listed on
Oct 11, 2021
Closed on
Dec 16, 2021
Sold by
Olanoff Edith and Edith Olanoff Revocable Trust
Bought by
Derbil Gulden Kanatli and Gulden Kanatli Derbil Revocable Trust
Seller's Agent
Philip Skowron
Compass
Buyer's Agent
Jeanne Keating
Compass
List Price
$2,295,000
Sold Price
$1,650,000
Premium/Discount to List
-$645,000
-28.1%
Purchase Details
Closed on
Jul 21, 2020
Sold by
Eso 118 Llc
Bought by
Olanoff Edith and Edith Olanoff Revocable Trust
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,544,000
Interest Rate
2.9%
Mortgage Type
New Conventional
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Home Values in the Area
Average Home Value in this Area
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Derbil Gulden Kanatli | -- | -- | |
| Derbil Gulden Kanatli | -- | -- | |
| Olanoff Edith | -- | Old Republic Title |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Olanoff Edith | $1,544,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 02/21/2023 02/21/23 | Rented | $9,400 | +8.0% | -- | |
| 01/23/2023 01/23/23 | Price Changed | $8,700 | -13.0% | $3 / Sq Ft | |
| 10/11/2022 10/11/22 | Price Changed | $10,000 | -16.0% | $4 / Sq Ft | |
| 09/01/2022 09/01/22 | For Rent | $11,900 | -8.5% | -- | |
| 03/31/2022 03/31/22 | Rented | $13,000 | +18.2% | -- | |
| 03/25/2022 03/25/22 | Under Contract | -- | -- | -- | |
| 01/03/2022 01/03/22 | For Rent | $11,000 | 0.0% | -- | |
| 12/30/2021 12/30/21 | Sold | $1,650,000 | -28.1% | $676 / Sq Ft | View Prior Sale |
| 12/13/2021 12/13/21 | Pending | -- | -- | -- | |
| 10/11/2021 10/11/21 | For Sale | $2,295,000 | -13.0% | $941 / Sq Ft | |
| 03/11/2013 03/11/13 | Sold | $2,639,000 | -3.4% | $1,082 / Sq Ft | View Prior Sale |
| 03/11/2013 03/11/13 | Pending | -- | -- | -- | |
| 03/11/2013 03/11/13 | For Sale | $2,732,896 | -- | $1,120 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $31,373 | $146,815 | $3,336 | $143,479 |
| 2024 | $31,373 | $146,815 | $3,336 | $143,479 |
| 2023 | $30,583 | $148,694 | $2,691 | $146,003 |
| 2022 | $30,583 | $148,694 | $2,691 | $146,003 |
| 2021 | $31,216 | $158,564 | $2,690 | $155,874 |
| 2020 | $37,279 | $170,445 | $1,896 | $168,549 |
| 2019 | $33,556 | $170,445 | $1,896 | $168,549 |
Source: Public Records
Agents Affiliated with this Home
-
Philip Skowron
-
Caroline Chambers
Tenant's Agent in 2023
Caroline Chambers
Jameson Sotheby's Intl Realty
(312) 751-0300
2 in this area
49 Total Sales
-
Jeanne Keating
Seller's Agent in 2022
Jeanne Keating
Compass
(312) 671-5525
1 in this area
137 Total Sales
-
Mike Larson
Buyer's Agent in 2022
Mike Larson
Jameson Sotheby's Intl Realty
(847) 754-7550
7 in this area
45 Total Sales
-
J
Seller's Agent in 2013
Jane Shawkey-Nye
Baird Warner
-
S
Buyer's Agent in 2013
Suzan Bramson
Baird & Warner
About The Residences at the Ritz-Carlton
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11619423
APN: 17-10-109-024-1009
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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. Some IDX listings have been excluded from this website.
Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID
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