$1,475,888
SOLD APR 28, 2025
2 Beds
2 Baths
2,712 Sq Ft
$3,014/mo HOA Fee

Recently Sold

$544 Per Sq Ft

3 Days on Market

Highlights

  • Doorman
  • Fitness Center
  • Granite Countertops
  • Steam Room
  • Wood Flooring
  • 1-minute walk to Lakefront Park

About This Home

As of April 2025

Welcome home to this extraordinary, one-of-a-kind residence in the iconic Palmolive Building, ideally situated just steps from the shimmering shores of Lake Michigan and the renowned Magnificent Mile. As you enter through a grand double-door entry, you're greeted by a gracious foyer featuring exquisite herringbone inset hardwood floors and dual closets, which lead seamlessly into the expansive, light-filled living room. This elegant space is adorned with a stately fireplace, an oversized wall of windows, and beautiful moldings throughout, offering rare, sweeping views of the city along Michigan Avenue. This recently renovated, sprawling 2,700+ square-foot home masterfully blends classic charm with modern luxury. High ceilings, recessed lighting, and beautiful hardwood floors create an atmosphere of sophistication, while custom organized closets enhance the sense of order and space. The newly redesigned bathrooms exude style and luxury, and the chef's kitchen is nothing short of a dream. It boasts custom Omega cabinetry, pristine countertops and backsplash, top-of-the-line Bosch and Sub-Zero appliances-including a stunning La Cornue range and a separate wine refrigerator. A custom oversized island and expansive pantry wall offer an abundance of storage, making this kitchen both a functional and beautiful centerpiece. Flooded with natural light from its coveted southern exposure, this exceptional corner unit offers an ideal floor plan that thoughtfully separates the primary suite from the secondary bedroom and main living area. A private office and library further enrich this residence's versatility and appeal. The primary suite is a true retreat, featuring an elegantly designed wall of closets and a large walk-in closet, providing ample storage space. The spa-like primary bathroom is a sanctuary of indulgence, complete with heated floors, a deep soaking tub, a separate glass shower, and a dual vanity with a discreet built-in Apple TV, offering the perfect blend of luxury and convenience. The Palmolive Building is renowned for its unmatched services, including 24-hour door staff, an onsite manager, concierge, and engineer, as well as a fully equipped fitness center, whirlpool, steam room, and the elegant Beacon Club room for entertaining guests. The building also offers valet parking in its onsite garage, with one parking space included. Living here means enjoying all of Chicago and what the Magnificent Mile have to offer-world-class shopping, dining, and entertainment at your doorstep. This is a rare opportunity to own a residence that embodies timeless elegance, refined craftsmanship, and unparalleled sophistication in one of Chicago's most iconic buildings.

Last Agent to Sell the Property

Margaret Baczkowski

@properties Christie's International Real Estate License #475125650 Listed on: 03/24/2025

@properties Christie's International Real Estate

Last Buyer's Agent

Klopas Stratton Team

Jameson Sotheby's Int'l Realty License #471009697

Jameson Sotheby's Int'l Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $29,274

Year Built

  • Built in 1928 | Remodeled in 2006

HOA Fees

  • $3,014 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Parking Included in Price

Home Design

  • Entry on the 16th floor

Interior Spaces

  • 2,712 Sq Ft Home
  • Built-In Features
  • Historic or Period Millwork
  • Gas Log Fireplace
  • Family Room
  • Living Room with Fireplace
  • Dining Room
  • Home Office
  • Library
  • Home Gym
  • Granite Countertops
  • Wood Flooring
  • Laundry Room

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms
  • Dual Sinks
  • Soaking Tub
  • Separate Shower

Utilities

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

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
  • 98 Units
  • Lynn Stephens Association, Phone Number (312) 255-0159
  • Palmolive Building Landmark Subdivision
  • Property managed by Draper and Kramer
  • 37-Story Property

Amenities

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

Recreation

  • Community Spa

Pet Policy

  • Dogs and Cats Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$29,274

Year Built

Built in 1928 | Remodeled in 2006

Lot Details

0

HOA Fees

$3,014 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: Condo
  • Ownership: Condo
  • EntryLevel: 16
  • New Construction: No
  • Property Sub-Type: Condo
  • Subdivision Name: Palmolive Building Landmark
  • Year Built: 1928
  • Age: 91-100 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2006
  • Actual Status: Closed
  • ResoPropertyType: Residential
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 37
  • Year Renovated: 2006

Interior Features

  • Basement: None
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplace Features: Gas Log, Gas Starter
  • Fireplaces: 1
  • Flooring: Hardwood
  • Interior Amenities: Built-in Features, Walk-In Closet(s), High Ceilings, Special Millwork, Doorman, Granite Counters, Health Facilities, Lobby
  • LivingArea: 2712
  • Room Type: Office, Library
  • Stories Total: 37
  • Estimated Total Finished Sq Ft: 0
  • Bathroom Amenities: Separate Shower,Double Sink,Soaking Tub
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Fireplace Location: Living Room
  • Total Sq Ft: 0
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Construction Materials: Marble/Granite, Limestone
  • Waterfront: No

Garage/Parking

  • Garage Spaces: 1
  • Parking Features: Garage Owned, Attached, Garage
  • ParkingTotal: 1

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Electric: Circuit Breakers, 200+ Amp Service
  • Heating: Natural Gas, Forced Air
  • Laundry Features: In Unit
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK
  • Association Fee: 3014
  • Association Amenities: Door Person, Elevator(s), Exercise Room, Storage, Health Club, Party Room, Receiving Room, Service Elevator(s), Steam Room, Valet/Cleaner, Spa/Hot Tub
  • Association Fee Frequency: Monthly
  • 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: 0

Tax Info

  • Tax Annual Amount: 29274
  • Tax Year: 2023
  • Tax Exemptions: None

Multi Family

  • Units in Building: 98

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 16, 2022
Closed on
Dec 30, 2022
Sold by
Suzanne Travers 2014 Trust
Bought by
Dixon Valerie
Seller's Agent
Katherine Wahrhaftig
@properties Christie's International Real Estate
Buyer's Agent
Melanie Giglio-Vakos
Compass
List Price
$1,175,000
Sold Price
$1,050,000
Premium/Discount to List
-$125,000
-10.64%
Views
18
Current Estimated Value
$1,467,111

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$417,111
Avg. Annual Appreciation
12.05%

Purchase Details

Closed on
Sep 26, 2014
Sold by
Travers Suzanne
Bought by
Travers Suzanne and Suzanne Travers 2014 Trust

Purchase Details

Closed on
Feb 23, 2006
Sold by
Palmolive Tower Condominiums Llc
Bought by
Travers Suzanne
Source: Public Records

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

Purchase History

Date Type Sale Price Title Company
Deed $1,050,000 None Listed On Document
Deed $1,050,000 --
Interfamily Deed Transfer -- None Available
Special Warranty Deed $1,645,000 None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/28/2025 04/28/25 Sold $1,475,888 +0.1% $544 / Sq Ft
03/28/2025 03/28/25 Pending -- -- --
03/24/2025 03/24/25 For Sale $1,475,000 +40.5% $544 / Sq Ft
12/30/2022 12/30/22 Sold $1,050,000 -10.6% $386 / Sq Ft View Prior Sale
12/07/2022 12/07/22 Pending -- -- --
11/16/2022 11/16/22 For Sale $1,175,000 -- $432 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

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 $29,273 $137,216 $6,722 $130,494
2023 $30,654 $138,744 $5,415 $133,329
2022 $30,654 $155,195 $5,415 $149,780
2021 $30,003 $155,194 $5,415 $149,779
2020 $35,328 $164,171 $3,788 $160,383
2019 $34,553 $178,152 $3,788 $174,364
2018 $34,610 $181,396 $3,788 $177,608
2017 $33,432 $161,376 $2,435 $158,941
2016 $26,370 $131,661 $2,435 $129,226
2015 $10,862 $63,773 $2,435 $61,338
2014 $9,044 $53,146 $2,435 $50,711
2013 $6,913 $42,516 $2,435 $40,081
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12309635

Midwest Real Estate Data (MRED)

APN: 17-03-213-020-1030