NOT LISTED FOR SALE

The Residences at the Ritz-Carlton 118 E Erie St Unit 29F Chicago, IL 60611

Magnificent Mile Neighborhood

Estimated Value: $1,040,000 - $1,200,587

2 Beds
2.5 Baths
1,937 Sq Ft
$584/Sq Ft Est. Value

Sale Details

Date Sold: December 28, 2017

Last sale price $1,275,000 $658 Per Sq Ft

Est. 11% decrease in value since last sale

Current estimated payment $8,043 / mo

Highlights

  • Doorman
  • Wood Flooring
  • Party Room
  • Steam Room
  • Corner Lot
  • Elevator

About This Home

As of April 2024

Exceptional value for this stunning east-facing, light-filled and upgraded 1937 SF 2bed/2.1bath home at the esteemed Ritz-Carlton Residences Chicago. Meticulously maintained and heavily upgraded this home offers 10' ceilings, motorized shades throughout, exquisite light fixtures, built-in Murphy bed/storage in guest bedroom and customized closets. Entertaining is a breeze with a DeGiulio chef's kitchen, marble countertops, six burner Wolf range & hood, Sub Zero refrigerator and Miele dishwasher. The dramatic, expansive living room has bright east and south exposures with Michigan Avenue with skyline views and access to a gracious inset balcony. The flexible floor plan offers bonus space that can function as a formal dining room or family room space. Opulent baths feature Kallista plumbing fixtures, marble countertops & limestone floors. Expansive primary bedroom suite includes a customized walk-in closet and spacious bath with dual vanities and soaking tub. Wide plank hardwood floors, detailed woodwork and archways create the feeling of classic elegance. Enjoy five-star Ritz service and amenities including the Landmark Club, private conference/dining facilities, daily beverage/expresso service, fitness center, steam room, billiards lounge, spa treatment/relaxation rooms and screening room.

Last Agent to Rent the Property

Kathleen Malone

Compass License #475127840 Listed on: 02/20/2024

Compass

Last Renter's Agent

Vincent Anzalone

Baird & Warner License #475167321

Baird & Warner

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2012

Lot Details

  • 0.28

Home Design

  • Property Attached
  • Rubber Roof
  • Concrete Block And Stucco Construction
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,937 Sq Ft Home
  • Entrance Foyer
  • Formal Dining Room
  • Storage
  • Wood Flooring

Kitchen

  • Range
  • Microwave
  • Freezer
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms
  • Walk-In Closet
  • Dual Sinks
  • Separate Shower

Laundry

  • Dryer
  • Washer

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Steam
  • 200+ Amp Service
  • Lake Michigan Water

Additional Features

  • Corner Lot

Listing and Financial Details

  • Property Available on 5/1/24
  • Rent includes cable TV, gas, heat, water, scavenger, security, doorman, storage lockers, snow removal, internet, air conditioning, wi-fi

Community Details

Overview

  • 89 Units
  • Micah Hine Association, Phone Number (312) 846-7006
  • Property managed by The Ritz-Carlton Residences
  • 40-Story Property

Amenities

  • Doorman
  • Valet Parking
  • Steam Room
  • Party Room
  • Elevator
  • Service Elevator
  • Package Room
  • Community Storage Space

Pet Policy

  • Dogs and Cats Allowed

Security

  • Resident Manager or Management On Site

Property Details

Home Type

Multi-Family

Year Built

Built in 2012

Lot Details

0.28 Acres

Rental Info

  • Available Date: 2024-05-01
  • Board Number: 8
  • Pets Allowed (Y/N): Yes
  • Type of Rental Property: Attached
  • Rental Price: 7800
  • Max Pet Weight: 0

Listing Details

  • Property Type: Residential Lease
  • Property Type: Residential Lease
  • Property Sub-Type: Attached
  • Year Built: 2012
  • Age: 11-15 Years
  • Built Before 1978 (Y/N): No
  • Disability Access and/or Equipped: No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Unit Floor Level: 29
  • Actual Status: Rented
  • ResoPropertyType: ResidentialLease
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 40

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Freezer, Washer, Dryer, Disposal
  • Basement: None
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3
  • Total Bedrooms: 2
  • Interior Amenities: Hardwood Floors, Laundry Hook-Up in Unit, Storage
  • LivingArea: 1937
  • Room Type: Foyer, Walk In Closet, Balcony/Porch/Lanai
  • Stories Total: 40
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: None
  • Bathroom Amenities: Separate Shower,Double Sink
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Separate
  • Total Sq Ft: 0
  • ResoLivingAreaSource: Estimated

Exterior Features

  • ExteriorFeatures: Balcony
  • Foundation Details: Concrete Perimeter
  • Lot Features: Corner Lot
  • Roof: Rubber
  • Waterfront: No
  • Exterior Building Type: Concrete

Garage/Parking

  • Parking: None

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Electric: Circuit Breakers, 200+ Amp Service
  • Heating: Forced Air, Steam
  • Water Source: Lake Michigan, Public

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK
  • Association Amenities: Door Person, Elevator(s), Storage, On Site Manager/Engineer, Party Room, Receiving Room, Service Elevator(s), Steam Room, Valet/Cleaner
  • Rent Includes: Cable TV, Gas, Heat, Water, Scavenger, Security, Doorman, Storage Lockers, Snow Removal, Other, Internet, Air Conditioning, Wi-Fi
  • Management: Manager On-site
  • Management Company: The Ritz-Carlton Residences
  • Management Contact Name: Micah Hine
  • Management Phone: 312-846-7006

Lot Info

  • Lot Dimensions: COMMON

Multi Family

  • Units in Building: 89

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/03/2024 04/03/24 Rented $7,500 -3.8% --
02/20/2024 02/20/24 For Rent $7,800 +11.4% --
04/19/2023 04/19/23 Rented $7,000 -11.9% --
11/02/2022 11/02/22 For Rent $7,950 +3.2% --
09/06/2021 09/06/21 Rented -- -- --
06/23/2021 06/23/21 For Rent $7,700 +13.2% --
07/07/2020 07/07/20 Rented $6,800 -2.9% --
06/23/2020 06/23/20 For Rent $7,000 -12.5% --
02/12/2019 02/12/19 Rented $8,000 -2.4% --
01/14/2019 01/14/19 For Rent $8,200 0.0% --
12/28/2017 12/28/17 Sold $1,275,000 0.0% $658 / Sq Ft View Prior Sale
12/04/2017 12/04/17 Pending -- -- --
12/01/2017 12/01/17 For Sale $1,275,000 -- $658 / 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 $23,039 $107,817 $2,450 $105,367
2024 $23,039 $107,817 $2,450 $105,367
2023 $22,459 $109,197 $1,976 $107,221
2022 $22,459 $109,197 $1,976 $107,221
2021 $23,416 $116,445 $1,975 $114,470
2020 $27,884 $125,170 $1,392 $123,778
2019 $25,148 $125,170 $1,392 $123,778
Source: Public Records

Agents Affiliated with this Home

  • Kathleen Malone

    Landlord's Agent in 2024

    Kathleen Malone

    Compass

    (773) 600-1551

    10 in this area

    189 Total Sales

    Kathleen Malone
    Section Image
  • Vincent Anzalone

    Tenant's Agent in 2024

    Vincent Anzalone

    Baird & Warner

    (312) 933-9447

    1 in this area

    251 Total Sales

    Vincent Anzalone
    Section Image
  • Tawnya McVicker

    Buyer's Agent in 2023

    Tawnya McVicker

    Keller Williams ONEChicago

    (312) 498-8822

    58 Total Sales

    Tawnya McVicker
    Section Image

  • K

    Seller's Agent in 2021

    KELLY MULOCK

    @ Properties

    Section Image

  • M

    Seller Co-Listing Agent in 2021

    Mary Beth Malone

    @ Properties

    Section Image

  • C

    Buyer's Agent in 2021

    Chrysanthe Phillips

    Matthew Phillips

See All Agents

About The Residences at the Ritz-Carlton

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11985173

Midwest Real Estate Data (MRED)

APN: 17-10-109-024-1068

Illinois Cook County Chicago 60611 Magnificent Mile

118 E Erie St Unit 29F, Chicago, IL

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.

Midwest Real Estate Data (MRED) 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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