NOT LISTED FOR SALE

Estimated Value: $4,863,107 - $5,830,000

3 Beds
3.5 Baths
5,388 Sq Ft
$6,189/mo HOA Fee

Last Sold April 18, 2023

Last sale price $5,200,000 $965 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $39,474/month

55 Days on Market

Highlights

  • Doorman
  • Fitness Center
  • Fireplace in Primary Bedroom
  • Steam Room
  • Lock-and-Leave Community
  • 1-minute walk to Lakefront Park

About This Home

As of April 2023

Welcome to the most magnificent full-floor residence at the Palmolive, with over 5,300 square feet of luxurious living on one floor - you can enjoy incredible views of the lake and the city skyline -There is nothing like it on the market here in Chicago. This one-of-a-kind residence occupies the entire 32nd floor. As you step off the elevator into your private vestibule, you're greeted with a postcard view of the lake and a majestic set of double doors that reveal the drama of the design and architecture. The gallery-style center corridor is the perfect canvas for your artwork collection. The open-concept living and dining area is perfect for entertaining, while the bedrooms offer a sanctuary for relaxation. When work calls- the corner office/study offers a mesmerizing lake view and features custom built-ins and a fireplace. The eat-in kitchen can be closed off by doors, allowing for a more formal experience if needed. Beautifully designed and equipped for serious cooking, the kitchen features fully integrated appliances including a wolf range, Subzero refrigerator/freezer, Miele coffee station, and an indoor Thermador grill. A rich mix of materials with custom-designed cabinetry, an expansive center island, and stainless countertops complete this kitchen. Your sanctuary awaits in the primary suite which features three exposures - North, South, and gorgeous sunsets to the West. The sitting room welcomes you and provides a relaxing area and extra storage space. The graciously sized bedroom features corner views, custom built-ins with a built-in television, and a fireplace. The luxurious windowed spa-like bath features an exquisitely designed double vanity with double medicine cabinet storage. The custom vanity is a statement piece with dramatic edges and integrated lighting. Steam shower, Whirlpool tub, private commode all taking in the lake views. Your dream closet was professionally designed with plenty of hanging spaces, drawers, and cabinets, all designed to create ease of life and best of all views down Michigan Avenue. Two additional ensuite bedrooms are perfect in size and feature great closet spaces. The room not to be missed is the cozy family room with south-facing Michigan Avenue views and features a built-in bar and full-sized wine fridge, both hidden conveniently behind custom doors. Closet space is abundant throughout the residence and there is a spacious laundry room, powder room, and extra storage. This home sets a new standard - featuring incredible design elements and quality simply not found in any other home in the city :: Extraordinary views are forever in style. This full-floor home is the ultimate residence in Chicago. This phenomenal home, like any great work of architecture, must be seen to be fully appreciated. Please contact me for further information and to schedule a private and confidential visit - and be prepared to be astounded. The Palmolive Building offers exceptional services: 24-hour door staff, onsite manager and engineer, gym, Whirlpool, steam room, and Beacon Club party room. The building has an onsite, valet garage. The right to park 2 cars in the garage is included in the price

Last Agent to Sell the Property

Carrie McCormick

@properties Christie's International Real Estate License #475123706 Listed on: 01/30/2023

@properties Christie's International Real Estate

Last Buyer's Agent

Jennifer Ames

Engel & Voelkers Chicago License #475150488

Engel & Voelkers Chicago

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $76,070

Year Built

  • Built in 1928 | Remodeled in 2006

Lot Details

  • 0.57

HOA Fees

  • $6,189 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Heated Garage
  • Parking Included in Price

Interior Spaces

  • 5,388 Sq Ft Home
  • Wet Bar
  • Built-In Features
  • 2 Fireplaces
  • Entrance Foyer
  • Family Room
  • Living Room
  • Formal Dining Room
  • Den
  • Utility Room with Study Area
  • Gallery
  • Wood Flooring

Kitchen

  • Built-In Oven
  • Indoor Grill
  • Range with Range Hood
  • Microwave
  • High End Refrigerator
  • Freezer
  • Dishwasher
  • Wine Refrigerator
  • Stainless Steel Appliances
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms
  • Fireplace in Primary Bedroom
  • Walk-In Closet
  • Dual Sinks
  • Whirlpool Bathtub
  • Steam Shower
  • Shower Body Spray
  • Separate Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer
  • Sink Near Laundry

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • 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, scavenger, snow removal, internet
  • 99 Units
  • Lynn Stephens Association, Phone Number (312) 255-0159
  • High-Rise Condominium
  • Property managed by SUDLER
  • Lock-and-Leave Community
  • 37-Story Property

Amenities

  • Doorman
  • Steam Room
  • Sauna
  • Party Room
  • Service Elevator
  • Package Room
  • Community Storage Space
  • Elevator

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

$76,070

Year Built

Built in 1928 | Remodeled in 2006

Lot Details

0

HOA Fees

$6,189 per month

Parking

2

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)
  • 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
  • Unit Floor Level: 32
  • Rehab Year: 2006
  • New Construction Y/N: No
  • Actual Status: Closed
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 37
  • Year Renovated: 2006

Interior Features

  • Appliances: Range, Microwave, Dishwasher, High End Refrigerator, Freezer, Washer, Dryer, Disposal, Indoor Grill, Stainless Steel Appliance(s), Wine Refrigerator, Range Hood, Wall Oven
  • Basement: None
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bathrooms: 4
  • Total Bedrooms: 3
  • Fireplaces: 2
  • Interior Amenities: Bar-Wet, Elevator, Hardwood Floors, Laundry Hook-Up in Unit, Built-in Features, Walk-In Closet(s), Separate Dining Room
  • LivingArea: 5388
  • Room Type: Den, Foyer, Gallery, Study, Walk In Closet
  • Stories Total: 37
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: None
  • Bathroom Amenities: Whirlpool,Separate Shower,Steam Shower,Double Sink,Full Body Spray Shower
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Separate
  • Fireplace Location: Master Bedroom,Other
  • Total Sq Ft: 0
  • ResoLivingAreaSource: Other

Exterior Features

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

Garage/Parking

  • Garage Spaces: 2
  • Number of Cars: 2
  • Garage Details: Heated
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Natural Gas
  • Laundry Features: In Unit, Sink
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK, Number Limit
  • Association Fee: 6189
  • 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), Steam Room, Spa/Hot Tub
  • Association Fee Frequency: Monthly
  • Management: Manager On-site,Monday through Friday
  • Master Association Fee Frequency: Not Required
  • Management Company: SUDLER
  • 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, Scavenger, Snow Removal, Internet

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: COMMON
  • Rural (Y/N): N
  • 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: 76069.62
  • Tax Year: 2021

Multi Family

  • Units in Building: 99

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 30, 2023
Closed on
Apr 11, 2023
Sold by
Palmore Properties Llc
Bought by
Chicago Title Land Trust Company
Seller's Agent
Carrie McCormick
@properties Christie's International Real Estate
Buyer's Agent
Jennifer Ames
Engel & Voelkers Chicago
List Price
$5,900,000
Sold Price
$5,200,000
Premium/Discount to List
-$700,000
-11.86%
Views
30
Current Estimated Value
$5,254,369

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$54,369
Avg. Annual Appreciation
0.37%

Purchase Details

Closed on
Nov 15, 2012
Sold by
Ahearn Michael and Ahearn Gayle
Bought by
Palmore Properties Llc

Purchase Details

Closed on
Jul 15, 2011
Sold by
Tuber Craig H and Tuber Kay A
Bought by
Ahearn Michael and Ahearn Gayle

Purchase Details

Closed on
Feb 20, 2008
Sold by
Palmolive Tower Condominiums Llc
Bought by
Tuber Craig H and Tuber Kay A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,200,000
Interest Rate
5.75%
Mortgage Type
Unknown
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

Date Buyer Sale Price Title Company
Chicago Title Land Trust Company $5,200,000 Chicago Title
Palmore Properties Llc -- None Available
Ahearn Michael $6,350,000 First American Title Ins Co
Tuber Craig H $6,898,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Tuber Craig H $3,200,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/18/2023 04/18/23 Sold $5,200,000 -11.9% $965 / Sq Ft
03/27/2023 03/27/23 Pending -- -- --
01/30/2023 01/30/23 For Sale $5,900,000 -- $1,095 / 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 $71,354 $334,462 $16,384 $318,078
2024 $71,354 $334,462 $16,384 $318,078
2023 $77,807 $338,187 $13,199 $324,988
2022 $77,807 $378,285 $13,199 $365,086
2021 $76,070 $378,285 $13,199 $365,086
2020 $89,145 $400,167 $9,234 $390,933
2019 $87,245 $434,246 $9,234 $425,012
2018 $87,340 $442,153 $9,234 $432,919
2017 $84,677 $393,353 $7,387 $385,966
2016 $78,784 $393,353 $7,387 $385,966
2015 $72,080 $393,353 $7,387 $385,966
2014 $58,329 $314,377 $5,936 $308,441
2013 $57,177 $314,377 $5,936 $308,441
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11707271

Midwest Real Estate Data (MRED)

APN: 17-03-213-020-1005