Towers Condominium 1221 N Dearborn St Unit 1401S Chicago, IL 60610
Gold Coast NeighborhoodEstimated payment $2,186/month
Total Views
3,988
1
Bed
1
Bath
--
Sq Ft
--
Price per Sq Ft
Highlights
- Doorman
- 3-minute walk to Clark/Division Station
- Community Indoor Pool
- Lincoln Park High School Rated A
- Fitness Center
- 4-minute walk to Goudy (William) Square Park
About This Home
Be a savvy investor and get two deals out of one property. How? A strong lease is already in place at $2,500/month through March 2026-meaning instant rental income and long-term upside. Even better? It's the best-priced unit in the building. Snag a rare investment win with this freshly renovated duplex condo, perfectly located in one of Chicago's most iconic neighborhoods. Live steps from the lakefront, parks, public transit, Rush Street nightlife, top-tier restaurants, retail, and grocery stores-all in a neighborhood that defines walkability. Parking is an additional $25K and must be purchased with the unit. This is a cant miss, so dont!
Listing Agent
Jameson Sotheby's Intl Realty Brokerage Phone: (773) 678-7082 License #475151231 Listed on: 05/15/2025
Townhouse Details
Home Type
- Townhome
Est. Annual Taxes
- $3,503
Year Built
- Built in 1974
HOA Fees
- $671 Monthly HOA Fees
Parking
- 1 Car Garage
Home Design
- Half Duplex
- Concrete Block And Stucco Construction
Interior Spaces
- Ceiling Fan
- Family Room
- Combination Dining and Living Room
- Intercom
- Dishwasher
- Laundry Room
Bedrooms and Bathrooms
- 1 Bedroom
- 1 Potential Bedroom
- 1 Full Bathroom
Accessible Home Design
- Accessibility Features
- Level Entry For Accessibility
Utilities
- Heating Available
- Lake Michigan Water
- Cable TV Available
Listing and Financial Details
- Homeowner Tax Exemptions
Community Details
Overview
- Association fees include water, insurance, doorman, tv/cable, exercise facilities, pool, exterior maintenance, lawn care, scavenger, snow removal
- 197 Units
- Association Phone (312) 951-1221
- The Towers Subdivision
- Property managed by Towers Condominium
- 18-Story Property
Amenities
- Doorman
- Valet Parking
- Sundeck
- Party Room
- Coin Laundry
- Elevator
Recreation
Pet Policy
- Cats Allowed
Security
- Resident Manager or Management On Site
Map
About Towers Condominium
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Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 2024 | $3,503 | $20,834 | $3,916 | $16,918 |
| 2023 | $3,393 | $19,916 | $3,141 | $16,775 |
| 2022 | $3,393 | $19,916 | $3,141 | $16,775 |
| 2021 | $3,417 | $20,323 | $3,141 | $17,182 |
| 2020 | $3,250 | $17,690 | $2,207 | $15,483 |
| 2019 | $3,168 | $19,197 | $2,207 | $16,990 |
| 2018 | $3,113 | $19,197 | $2,207 | $16,990 |
| 2017 | $2,948 | $17,068 | $1,765 | $15,303 |
| 2016 | $2,918 | $17,068 | $1,765 | $15,303 |
| 2015 | $2,647 | $17,068 | $1,765 | $15,303 |
| 2014 | $2,024 | $13,475 | $1,418 | $12,057 |
| 2013 | $1,973 | $13,475 | $1,418 | $12,057 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/29/2025 05/29/25 | Pending | -- | -- | -- |
| 05/15/2025 05/15/25 | For Sale | $224,900 | 0.0% | -- |
| 08/30/2021 08/30/21 | Rented | -- | -- | -- |
| 06/22/2021 06/22/21 | Under Contract | -- | -- | -- |
| 04/15/2021 04/15/21 | For Rent | $1,895 | +5.3% | -- |
| 03/26/2017 03/26/17 | Rented | $1,800 | 0.0% | -- |
| 03/23/2017 03/23/17 | For Rent | $1,800 | -- | -- |
Source: Midwest Real Estate Data (MRED)
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | Attorney | |
| Interfamily Deed Transfer | -- | Attorney | |
| Warranty Deed | $255,000 | Multiple | |
| Warranty Deed | $109,500 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $38,000 | Stand Alone Second | |
| Open | $204,000 | Unknown | |
| Previous Owner | $107,000 | FHA | |
| Closed | $25,500 | No Value Available |
Source: Public Records
Similar Homes in the area
Source: Midwest Real Estate Data (MRED)
MLS Number: 12365797
APN: 17-04-224-047-1232
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