NOT LISTED FOR SALE

The Palmolive Condos 159 E Walton Place Unit 14F Chicago, IL 60611

Magnificent Mile Neighborhood

Estimated Value: $1,205,908 - $1,320,000

2 Beds
2.5 Baths
2,347 Sq Ft
25,003 Sq Ft Lot

Last Sold March 29, 2023

Last sale price $1,000,000 $426 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $11,414/month

17 Days on Market

Highlights

  • Doorman
  • Fitness Center
  • Community Spa
  • Steam Room
  • Lock-and-Leave Community
  • 1-minute walk to Lakefront Park

About This Home

As of March 2023

STUNNING SOUTHWEST CORNER RESIDENCE AT THE HISTORIC LANDMARK PALMOLIVE BUILDING. PRIME VIEW OF THE 900 NORTH MICHIGAN AVE ROOF GARDEN. BEAUTIFUL ARCHITECTURAL DETAILS AND UNCOMPROMISING FINISHES. GOURMET KITCHEN WITH POLYFORM CABINETRY, WOLF, SUB-ZERO AND MIELE APPLIANCES, SPLIT FLOOR PLAN, HIGH CEILINGS, HARDWOOD FLOORING, FIREPLACE, CUSTOM MILLWORK, GORGEOUS BATHROOMS, CORNER UNIT, AND MUCH MORE! FULL AMENITY BUILDING WITH 24 HOUR DOOR STAFF, VALET GARAGE, BEACON CLUB, FITNESS CENTER AND WHIRLPOOL. ONE PARKING SPACE INCLUDED.

Last Agent to Sell the Property

Caroline Druker

Baird & Warner License #475124886 Listed on: 01/17/2023

Baird & Warner

Co-Listed By

Matthew Druker

Baird & Warner License #475164429

Last Buyer's Agent

Ashley Bell

@properties Christie's International Real Estate License #475165686

@properties Christie's International Real Estate

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $27,937

Year Built

  • Built in 1929

Lot Details

  • 0.57

HOA Fees

  • $2,679 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Heated Garage
  • Garage Transmitter
  • Parking Included in Price

Interior Spaces

  • 2,347 Sq Ft Home
  • Living Room with Fireplace
  • Combination Dining and Living Room

Kitchen

  • Range
  • Microwave
  • High End Refrigerator
  • Dishwasher
  • Stainless Steel Appliances
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms

Laundry

  • Dryer
  • Washer

Accessible Home Design

  • Accessibility Features
  • No Interior Steps
  • Level Entry For Accessibility

Utilities

  • Forced Air Zoned Cooling and Heating System
  • Two Heating Systems
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Listing and Financial Details

  • Homeowner Tax Exemptions

Community Details

Overview

  • Association fees include heat, air conditioning, water, gas, parking, insurance, security, doorman, tv/cable, clubhouse, exercise facilities, exterior maintenance, lawn care, scavenger, snow removal
  • 99 Units
  • Lynn Stephens Association, Phone Number (312) 255-0159
  • High-Rise Condominium
  • Palmolive Building Landmark Subdivision
  • Property managed by DRAPER AND KRAMER
  • Lock-and-Leave Community
  • 37-Story Property

Amenities

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

Recreation

  • Community Spa
  • Bike Trail

Pet Policy

  • Limit on the number of pets
  • Dogs and Cats Allowed

Security

  • Resident Manager or Management On Site

Property Details

Home Type

Condominium

Est. Annual Taxes

$27,937

Year Built

Built in 1929

Lot Details

0.57 Acres

HOA Fees

$2,679 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: Condo,High Rise (7+ Stories)
  • Ownership: Condo
  • New Construction: No
  • Property Sub-Type: Condo,High Rise (7+ Stories)
  • Subdivision Name: Palmolive Building Landmark
  • Year Built: 1929
  • Age: 91-100 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Unit Floor Level: 14
  • Actual Status: Closed
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 37

Interior Features

  • Appliances: Range, Microwave, Dishwasher, High End Refrigerator, Washer, Dryer, Disposal, Stainless Steel Appliance(s)
  • Basement: None
  • Accessibility Features: Main Level Entry, No Interior Steps
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3
  • Total Bedrooms: 2
  • Fireplaces: 1
  • LivingArea: 2347
  • Room Type: No additional rooms
  • Stories Total: 37
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: None
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Combined w/ LivRm
  • Fireplace Location: Living Room
  • Total Sq Ft: 0
  • ResoLivingAreaSource: Estimated

Exterior Features

  • Waterfront: No
  • Exterior Building Type: Marble/Granite,Limestone

Garage/Parking

  • Garage Spaces: 1
  • Number of Cars: 1
  • Garage Details: Transmitter(s),Heated
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air, Zoned
  • Electric: Circuit Breakers
  • Heating: Natural Gas, Forced Air, Sep Heating Systems - 2+
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK, Number Limit
  • Association Fee: 2679
  • Association Amenities: Bike Room/Bike Trails, Door Person, Elevator(s), Exercise Room, Storage, Health Club, On Site Manager/Engineer, Party Room, Receiving Room, Security Door Lock(s), Service Elevator(s), Steam Room, Valet/Cleaner, Spa/Hot Tub
  • Association Fee Frequency: Monthly
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: DRAPER AND KRAMER
  • Management Contact Name: Lynn Stephens
  • Management Phone: 312-255-0159
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Heat, Air Conditioning, Water, Gas, Parking, Insurance, Security, Doorman, TV/Cable, Clubhouse, Exercise Facilities, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal

Lot Info

  • Lot Dimensions: COMMON
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Pets Allowed (Y/N): Yes
  • Is Parking Included in Price: Yes
  • Max Pet Weight: 999

Tax Info

  • Tax Annual Amount: 27937.37
  • Tax Year: 2021
  • Tax Exemptions: Homeowner

Multi Family

  • Units in Building: 99

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 17, 2023
Closed on
Feb 21, 2023
Sold by
Chicago Title Land Trust Company
Bought by
Chicago Title Land Trust
Seller's Agent
Caroline Druker
Baird & Warner
Buyer's Agent
Ashley Bell
@properties Christie's International Real Estate
List Price
$1,100,000
Sold Price
$1,000,000
Premium/Discount to List
-$100,000
-9.09%
Views
10
Current Estimated Value
$1,260,303

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$260,303
Avg. Annual Appreciation
8.13%

Purchase Details

Listed on
Jan 29, 2015
Closed on
May 14, 2015
Sold by
Ullman Patricia S
Bought by
Heartland Bank & Trust Company and Trust #Hbt387
Seller's Agent
Catherine Calkins
Berkshire Hathaway HomeServices Chicago
Buyer's Agent
Caroline Druker
Baird & Warner
List Price
$1,500,000
Sold Price
$1,475,000
Premium/Discount to List
-$25,000
-1.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-4.84%

Purchase Details

Closed on
Feb 15, 2011
Sold by
Ing Bank Fsb
Bought by
Ullman Patricia S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$768,800
Interest Rate
3.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Oct 26, 2010
Sold by
Daw James E
Bought by
Ing Bank Fsb

Purchase Details

Closed on
Sep 14, 2006
Sold by
Palmolive Tower Condominiums Llc
Bought by
Daw James E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,024,800
Interest Rate
6.12%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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

Purchase History

Date Buyer Sale Price Title Company
Chicago Title Land Trust $1,000,000 Chicago Title
Chicago Title Land Trust $1,000,000 Chicago Title
Heartland Bank & Trust Company $1,475,000 North American Title Company
Heartland Bank & Trust Company $1,475,000 North American Title Company
Ullman Patricia S $961,000 Cti
Ullman Patricia S $961,000 Cti
Ullman Patricia S $961,000 Cti
Ullman Patricia S $961,000 Cti
Ing Bank Fsb -- None Available
Ing Bank Fsb -- None Available
Daw James E $1,464,000 None Available
Daw James E $1,464,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ullman Patricia S $768,800
Previous Owner Daw James E $1,024,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/29/2023 03/29/23 Sold $1,000,000 -9.1% $426 / Sq Ft
02/04/2023 02/04/23 Pending -- -- --
01/17/2023 01/17/23 For Sale $1,100,000 -25.4% $469 / Sq Ft
06/01/2015 06/01/15 Sold $1,475,000 -1.7% $628 / Sq Ft View Prior Sale
04/11/2015 04/11/15 Pending -- -- --
01/29/2015 01/29/15 For Sale $1,500,000 -- $639 / 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 $26,134 $125,780 $6,162 $119,618
2024 $26,134 $125,780 $6,162 $119,618
2023 $28,557 $127,181 $4,964 $122,217
2022 $28,557 $142,261 $4,964 $137,297
2021 $27,937 $142,259 $4,963 $137,296
2020 $32,833 $150,488 $3,472 $147,016
2019 $32,121 $163,304 $3,472 $159,832
2018 $32,167 $166,278 $3,472 $162,806
2017 $31,117 $147,926 $2,778 $145,148
2016 $29,128 $147,926 $2,778 $145,148
2015 $26,626 $147,926 $2,778 $145,148
2014 $21,459 $118,225 $2,232 $115,993
2013 -- $118,225 $2,232 $115,993
Source: Public Records

Agents Affiliated with this Home

  • Caroline Druker

    Seller's Agent in 2023

    Caroline Druker

    Baird Warner

    (847) 471-5115

    10 in this area

    93 Total Sales

    Caroline Druker
    Section Image
  • Matthew Druker

    Seller Co-Listing Agent in 2023

    Matthew Druker

    Baird Warner

    (847) 490-5115

    3 in this area

    71 Total Sales

    Matthew Druker
    Section Image
  • Ashley Bell

    Buyer's Agent in 2023

    Ashley Bell

    @ Properties

    (312) 952-0958

    3 in this area

    98 Total Sales

    Ashley Bell
    Section Image

  • C

    Seller's Agent in 2015

    Catherine Calkins

    Berkshire Hathaway HomeServices Chicago

    Section Image
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About The Palmolive Condos

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11702331

Midwest Real Estate Data (MRED)

APN: 17-03-213-020-1040

Illinois Cook County Chicago 60611 Magnificent Mile

159 E Walton Place Unit 14F, Chicago, IL

Not Listed for Sale

Condos

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) Based on information submitted to the MLS GRID. 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.
Based on information submitted to the MLS GRID

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