Seller's Agent in 2025
Julie Busby
Compass
(312) 890-4818
7 in this area
612 Total Sales
Michigan Avenue Tower 1 1250 S Michigan Ave Unit 2802 Chicago, IL 60605
South Loop Neighborhood
4
Beds
4
Baths
3,030
Sq Ft
2005
Built
Highlights
- Lake Front
- 3-minute walk to Roosevelt Station (Green, Orange Lines)
- Wood Flooring
- Spa
- Property is near a park
- 4-minute walk to Daniel Webster Park
About This Home
As of April 2012Welcome to Michigan Avenue Tower I in the heart of the South Loop. This four bedroom three and a half bath penthouse is one of the most unique units in the building and area. With over 3000+ sqft interior and 700+of personal balcony, it lives like a single family home. Huge living room/dining room great for entertaining. Master bedroom is 31X25 with two walk in closets. Two prime indoor parking spaces available.
Last Agent to Sell the Property
@properties Christie's International Real Estate Listed on: 02/07/2012
Last Buyer's Agent
Leone Belmonte
Property Chicago LLC License #475144498
Property Details
Home Type
- Other
Est. Annual Taxes
- $35,708
Year Built
- 2005
Lot Details
- Lake Front
- East or West Exposure
HOA Fees
- $1,721 per month
Parking
- Attached Garage
- Heated Garage
Home Design
- Brick Exterior Construction
- Pillar, Post or Pier Foundation
Interior Spaces
- Elevator
- Combination Dining and Living Room
- Gallery
- Wood Flooring
- Washer and Dryer Hookup
Kitchen
- Galley Kitchen
- Breakfast Bar
- Walk-In Pantry
Bedrooms and Bathrooms
- Primary Bathroom is a Full Bathroom
- Dual Sinks
- Separate Shower
Eco-Friendly Details
- North or South Exposure
Outdoor Features
- Spa
- Balcony
Location
- Property is near a park
- City Lot
Utilities
- Forced Air Heating System
- Heating System Uses Gas
- Lake Michigan Water
Community Details
Amenities
- Common Area
Pet Policy
- Pets Allowed
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 7, 2012
Closed on
Apr 25, 2012
Sold by
Mb846 Llc
Bought by
Applegate Bennet P and Applegate Sheila
Seller's Agent
Landon Harper
@properties Christie's International Real Estate
Buyer's Agent
Leone Belmonte
Property Chicago LLC
List Price
$864,900
Sold Price
$866,000
Premium/Discount to List
$1,100
0.13%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.06%
Original Mortgage
$200,000
Interest Rate
3.99%
Mortgage Type
Credit Line Revolving
Purchase Details
Closed on
Apr 12, 2007
Sold by
Byers Steven W
Bought by
Byers Lisa L and The Lisa L Byers Trust
Purchase Details
Closed on
Dec 9, 2005
Sold by
1250 S Michigan Lp
Bought by
Byers Steven W
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$230,000
Interest Rate
6.48%
Mortgage Type
Stand Alone Second
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Special Warranty Deed | $866,000 | Cti | |
| Interfamily Deed Transfer | -- | None Available | |
| Special Warranty Deed | $1,590,000 | Git |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $690,000 | Credit Line Revolving | |
| Closed | $414,000 | Credit Line Revolving | |
| Closed | $413,000 | New Conventional | |
| Closed | $250,000 | Credit Line Revolving | |
| Closed | $200,000 | Credit Line Revolving | |
| Closed | $417,000 | New Conventional | |
| Previous Owner | $230,000 | Stand Alone Second | |
| Previous Owner | $960,000 | Fannie Mae Freddie Mac |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/08/2025 07/08/25 | For Sale | $1,075,000 | +24.1% | $354 / Sq Ft |
| 04/30/2012 04/30/12 | Sold | $866,000 | +0.1% | $286 / Sq Ft |
| 03/21/2012 03/21/12 | Pending | -- | -- | -- |
| 02/07/2012 02/07/12 | For Sale | $864,900 | -- | $285 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
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 | $35,708 | $169,123 | $10,975 | $158,148 |
| 2023 | $34,782 | $172,001 | $8,831 | $163,170 |
| 2022 | $34,782 | $172,001 | $8,831 | $163,170 |
| 2021 | $34,019 | $171,999 | $8,830 | $163,169 |
| 2020 | $28,415 | $130,656 | $7,253 | $123,403 |
| 2019 | $31,796 | $161,689 | $7,253 | $154,436 |
| 2018 | $31,260 | $161,689 | $7,253 | $154,436 |
| 2017 | $25,707 | $122,792 | $5,992 | $116,800 |
| 2016 | $24,094 | $122,792 | $5,992 | $116,800 |
| 2015 | $26,000 | $144,511 | $5,992 | $138,519 |
| 2014 | $19,068 | $105,339 | $5,361 | $99,978 |
| 2013 | $19,159 | $105,339 | $5,361 | $99,978 |
Source: Public Records
Agents Affiliated with this Home
-
Julie Busby
-
Pamela Moran
Seller Co-Listing Agent in 2025
Pamela Moran
Compass
(312) 714-4536
39 Total Sales
-
Landon Harper
Seller's Agent in 2012
Landon Harper
@ Properties
(312) 432-0200
4 in this area
81 Total Sales
-
L
Buyer's Agent in 2012
Leone Belmonte
Property Chicago LLC
About Michigan Avenue Tower 1
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: MRD07990989
APN: 17-22-101-043-1223
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