NOT LISTED FOR SALE

The Palmolive Condos 159 E Walton Place Unit 31A Floor 31 Chicago, IL 60611

Magnificent Mile Neighborhood

Estimated Value: $5,299,000 - $5,591,853

3 Beds
3.5 Baths
5,500 Sq Ft
1929 Built

Sale Details

Date Sold: March 2, 2026

Last sale price $5,500,000 $1,000 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $44,063 / mo

33 Days on Market

Highlights

  • Doorman
  • Lock-and-Leave Community
  • Wood Flooring
  • Fitness Center
  • Family Room with Fireplace
  • 1-minute walk to Lakefront Park

About This Home

As of March 2026

Full floor Art Deco masterpiece pays homage to the 1929 built Palmolive Building with no details overlooked. This full floor renovation by Liederbach & Graham Architects, designed by Steven Gambrel includes private elevator foyer, (3) bedrooms, sitting room plus library with adjacent office. Caretti Terrazzo floor in main foyer. French Oak-Parquet de Versailles flooring throughout main living areas. Salon features opal glass fireplace mantel. Stunning millwork including shelving and glass cabinets for artwork and books throughout. The kitchen showcases an Officine Gullo Range complimented by Sub-Zero & Miele appliances with expansive eat in dining table and bench overlooking Lake Michigan and Oak Street Beach. Primary bathroom on point with Calacatta and Belgium black marbles. Home features (3) fireplaces including one in red leather wrapped library. Primary walk-in closet featured in Architectural Digest boasts natural light via window seats, bleached walnut custom cabinetry with leather-topped, double-sided chest of drawers. Home features electronic blinds throughout. There are (4) garage spots included with (2) more available.

Last Agent to Sell the Property

Ken Jungwirth

@properties Christie's International Real Estate License #475124410 Listed on: 12/03/2025

@properties Christie's International Real Estate

Last Buyer's Agent

Katherine Malkin

Compass

Compass

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $66,849

Year Built

  • Built in 1929 | Remodeled in 2016

HOA Fees

  • $9,230 Monthly HOA Fees

Parking

  • 4 Car Attached Garage
  • Heated Garage
  • Parking Available
  • Garage Door Opener
  • Parking Included in Price

Home Design

  • Entry on the 31st floor
  • Marble or Granite Building Materials
  • Limestone

Interior Spaces

  • 5,500 Sq Ft Home
  • Fireplace With Gas Starter
  • Entrance Foyer
  • Family Room with Fireplace
  • 2 Fireplaces
  • Sitting Room
  • Living Room
  • Formal Dining Room
  • Home Office

Kitchen

  • Double Oven
  • Microwave
  • High End Refrigerator
  • Dishwasher
  • Stainless Steel Appliances
  • Disposal

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms
  • Walk-In Closet
  • Soaking Tub
  • Shower Body Spray

Laundry

  • Laundry Room
  • Laundry on main level
  • Dryer
  • Washer

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Lake Michigan Water

Community Details

Overview

  • Association fees include water, parking, insurance, doorman, exercise facilities, pool, exterior maintenance, lawn care
  • 99 Units
  • Lynn Stephens Association, Phone Number (312) 255-0159
  • High-Rise Community
  • Palmolive Building Landmark Subdivision
  • Property managed by Draper & Kramer
  • Lock-and-Leave Community
  • 37-Story Property

Amenities

  • Doorman
  • Sauna
  • 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

$66,849

Year Built

Built in 1929 | Remodeled in 2016

Lot Details

0 Sq Ft Lot

HOA Fees

$9,230 per month

Parking

4

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: Condo,High Rise (7+ Stories)
  • Ownership: Condo
  • EntryLevel: 31
  • 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: No
  • General Information: None
  • Rebuilt (Y/N): Yes
  • Rehab (Y/N): Yes
  • Rehab Year: 2016
  • Rebuilt Year: 2013
  • Actual Status: Closed
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 37
  • Year Renovated: 2016

Interior Features

  • Appliances: Double Oven, Microwave, Dishwasher, High End Refrigerator, Washer, Dryer, Disposal, Stainless Steel Appliance(s)
  • Basement: None
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bathrooms: 4
  • Total Bedrooms: 3
  • Fireplace Features: Gas Starter
  • Fireplaces: 2
  • Flooring: Hardwood
  • LivingArea: 5500
  • Room Type: Den, Sitting Room, Foyer, Office, Walk In Closet
  • Stories Total: 37
  • Estimated Total Finished Sq Ft: 0
  • Bathroom Amenities: Full Body Spray Shower,Soaking Tub
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Separate
  • Fireplace Location: Family Room,Other
  • Total Sq Ft: 0
  • Flooring: Carpet

Exterior Features

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

Garage/Parking

  • Garage Spaces: 4
  • Parking Features: Garage Door Opener, Heated Garage, Garage, Yes, Garage Owned, Attached
  • ParkingTotal: 4

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air, Zoned
  • Heating: Forced Air, Sep Heating Systems - 2+, Zoned
  • Laundry Features: Main Level
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK, Number Limit
  • Association Fee: 9230
  • Association Amenities: Bike Room/Bike Trails, Door Person, Elevator(s), Exercise Room, Storage, On Site Manager/Engineer, Party Room, Receiving Room, Sauna, Security Door Lock(s), Service Elevator(s), Spa/Hot Tub
  • Association Fee Frequency: Monthly
  • Management: Manager On-site,Monday through Friday
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: Draper & Kramer
  • Management Contact Name: Lynn Stephens
  • Management Phone: 312-255-0159

Fee Information

  • Association Fee Includes: Water, Parking, Insurance, Doorman, Exercise Facilities, Pool, Exterior Maintenance, Lawn Care

Lot Info

  • Additional Parcels: No
  • 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: 66849.48
  • Tax Year: 2024
  • Tax Exemptions: None

Multi Family

  • Units in Building: 99

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 3, 2025
Closed on
Feb 27, 2026
Sold by
Bought by
Seller's Agent
Ken Jungwirth
@properties Christie's International Real Estate
Buyer's Agent
Katherine Malkin
Compass
List Price
$5,995,000
Sold Price
$5,500,000
Premium/Discount to List
-$495,000
-8.26%
Views
804
Current Estimated Value
$5,448,951

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$51,049
Avg. Annual Appreciation
-3.81%

Purchase Details

Closed on
Dec 18, 2013
Sold by
Bought by

Purchase Details

Closed on
Oct 18, 2006
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$5,500,000 Proper Title
$6,750,000 None Available
$5,847,500 None Available
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
03/02/2026 03/02/26 Sold $5,500,000 -8.3% $1,000 / Sq Ft
01/05/2026 01/05/26 Pending -- -- --
12/03/2025 12/03/25 For Sale $5,995,000 -- $1,090 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $70,986 $332,737 $16,300 $316,437
2024 $70,986 $332,737 $16,300 $316,437
2023 $77,405 $336,441 $13,131 $323,310
2022 $77,405 $376,333 $13,131 $363,202
2021 $75,677 $376,331 $13,130 $363,201
2020 $88,685 $398,101 $9,186 $388,915
2019 $86,795 $432,004 $9,186 $422,818
2018 $86,889 $439,871 $9,186 $430,685
2017 $84,240 $391,322 $5,905 $385,417
2016 $63,946 $319,267 $5,905 $313,362
2015 $35,423 $193,311 $5,905 $187,406
2014 $23,911 $128,874 $5,905 $122,969
2013 $18,751 $103,100 $5,905 $97,195
Source: Public Records

Agents Affiliated with this Home

  • Ken Jungwirth

    Seller's Agent in 2026

    Ken Jungwirth

    @ Properties

    (773) 398-5585

    4 in this area

    182 Total Sales

    Ken Jungwirth
    Section Image
  • Katherine Malkin

    Buyer's Agent in 2026

    Katherine Malkin

    Compass

    (312) 319-1168

    15 in this area

    39 Total Sales

    Katherine Malkin
    Section Image
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About The Palmolive Condos

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12527349

Midwest Real Estate Data (MRED)

APN: 17-03-213-020-1006

Illinois Cook County Chicago 60611 Magnificent Mile

159 E Walton Place Unit 31A, 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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