NOT LISTED FOR SALE

Estimated Value: $626,000 - $842,000

1 Bed
1.5 Baths
1,278 Sq Ft
$1,311/mo HOA Fee

Last Sold March 31, 2023

Last sale price $675,000 $528 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $6,131/month

292 Days on Market

Highlights

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

About This Home

As of March 2023

North facing 1 bedroom/1.5 bath unit in the historic Art Deco landmark Palmolive Building just adjacent to the Magnificent Mile. Unparalleled craftsmanship coupled with exceptional architectural details combine to create a truly magnificent unit. This 1,278 sq. ft. unit has exquisite millwork, recessed lighting, 9.7" ceilings, a gas fireplace, an open kitchen with full height backsplash and island with honed granite, Poliform cabinetry, and Wolf, Subzero and Miele appliances. Storage is plentiful throughout the unit including an organized walk-in master. 4" white oak floors throughout, limestone baths with Dornbracht fixtures. Amenities include the Beacon Club Party room, catering kitchen, concierge, a new exercise room, steam room, & whirlpool. All of this with the amazing 24-hour full-service staff. 1 valet parking space included in price. This unit can be purchased furnished. This unit can be rented.

Last Agent to Sell the Property

Brian Loomis

Jameson Sotheby's Intl Realty License #475147942 Listed on: 05/18/2022

Jameson Sotheby's Intl Realty

Last Buyer's Agent

Linda Shaughnessy

Jameson Sotheby's Intl Realty License #475092906

Jameson Sotheby's Intl Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $14,031

Year Built

  • Built in 1929 | Remodeled in 2006

Lot Details

  • 0.57

HOA Fees

  • $1,311 Monthly HOA Fees

Parking

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

Interior Spaces

  • 1,278 Sq Ft Home
  • Entrance Foyer
  • Living Room
  • Wood Flooring

Kitchen

  • Range with Range Hood
  • Microwave
  • High End Refrigerator
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Potential Bedroom
  • Walk-In Closet
  • Dual Sinks
  • Separate Shower

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Schools

  • Ogden Elementary
  • Wells Community Academy Senior H High School

Utilities

  • Forced Air Heating and Cooling System
  • Individual Controls for Heating
  • Lake Michigan Water

Community Details

Overview

  • Association fees include heat, air conditioning, water, gas, insurance, security, doorman, exercise facilities, exterior maintenance, scavenger, snow removal
  • 98 Units
  • Lynn Stevens Association, Phone Number (312) 255-0159
  • High-Rise Condominium
  • Palmolive Building Landmark Subdivision
  • Property managed by DRAPER & KRAMER
  • Lock-and-Leave Community
  • 37-Story Property

Amenities

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

Recreation

  • Community Spa

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

$14,031

Year Built

Built in 1929 | Remodeled in 2006

Lot Details

0

HOA Fees

$1,311 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: No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Unit Floor Level: 9
  • Rehab Year: 2006
  • 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, Washer, Dryer, Disposal, Range Hood
  • Basement: None
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bathrooms: 2
  • Total Bedrooms: 1
  • Interior Amenities: Hardwood Floors, Laundry Hook-Up in Unit, Walk-In Closet(s)
  • LivingArea: 1278
  • Room Type: Foyer
  • Stories Total: 37
  • Estimated Total Finished Sq Ft: 1278
  • Basement Description: None
  • Bathroom Amenities: Separate Shower,Double Sink
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 1278
  • ResoLivingAreaSource: Builder

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: Fee/Leased
  • Garage Type: Attached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Electric: Circuit Breakers
  • Heating: Forced Air, Indv Controls
  • Laundry Features: In Unit
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK, Number Limit
  • Association Fee: 1311
  • Association Amenities: Door Person, Elevator(s), Exercise Room, Storage, Health Club, On Site Manager/Engineer, Party Room, Receiving Room, Sauna, Security Door Lock(s), Service Elevator(s), Steam Room, Spa/Hot Tub, Business Center
  • 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 STEVENS
  • Management Phone: 312-255-0159
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Heat, Air Conditioning, Water, Gas, Insurance, Security, Doorman, Exercise Facilities, Exterior Maintenance, Scavenger, Snow Removal

Schools

  • Elementary School: Ogden Elementary
  • High School: Wells Community Academy Senior H
  • Middle/Junior School: Ogden Elementary

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: COMMON
  • Rural (Y/N): N
  • Special Assessments: N

Rental Info

  • Lease Amount: 320
  • Board Number: 8
  • Pets Allowed (Y/N): Yes
  • Is Parking Included in Price: Yes
  • Max Pet Weight: 999

Tax Info

  • Tax Annual Amount: 14031.29
  • Tax Year: 2021
  • Tax Exemptions: None

Multi Family

  • Units in Building: 98

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 18, 2022
Closed on
Mar 22, 2023
Sold by
Sherman Scott J and Sherman Monique
Bought by
Skinner Family Trust and Skinner
Seller's Agent
Brian Loomis
Jameson Sotheby's Intl Realty
Buyer's Agent
Linda Shaughnessy
Jameson Sotheby's Intl Realty
List Price
$739,000
Sold Price
$675,000
Premium/Discount to List
-$64,000
-8.66%
Views
8
Current Estimated Value
$715,550

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$40,550
Avg. Annual Appreciation
2.09%

Purchase Details

Listed on
Apr 2, 2014
Closed on
Jun 18, 2014
Sold by
Rubins Beth S
Bought by
Sherman Scott J and Sherman Monique
Seller's Agent
Catherine Calkins
Berkshire Hathaway HomeServices Chicago
Buyer's Agent
Anne Rodia
@properties Christie's International Real Estate
List Price
$799,000
Sold Price
$799,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.90%

Purchase Details

Closed on
Feb 28, 2007
Sold by
Rubin Beth S
Bought by
Beth S Rubin Revocable Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$345,000
Interest Rate
6.37%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Feb 1, 2007
Sold by
Palmolive Tower Condominiums Llc
Bought by
Rubin Beth S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$345,000
Interest Rate
6.37%
Mortgage Type
Adjustable Rate Mortgage/ARM
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
Skinner Family Trust $675,000 Proper Title
Sherman Scott J $799,000 First American
Beth S Rubin Revocable Trust -- Ctic
Rubin Beth S $725,500 None Available
Rubin Beth S $725,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rubin Beth S $345,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/31/2023 03/31/23 Sold $675,000 -7.4% $528 / Sq Ft
03/07/2023 03/07/23 Pending -- -- --
12/02/2022 12/02/22 Price Changed $729,000 -1.4% $570 / Sq Ft
05/18/2022 05/18/22 For Sale $739,000 -7.5% $578 / Sq Ft
06/19/2014 06/19/14 Sold $799,000 0.0% $625 / Sq Ft View Prior Sale
04/04/2014 04/04/14 Pending -- -- --
04/02/2014 04/02/14 For Sale $799,000 -- $625 / 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 $13,162 $61,694 $3,022 $58,672
2024 $13,162 $61,694 $3,022 $58,672
2023 $14,352 $62,381 $2,435 $59,946
2022 $14,352 $69,778 $2,435 $67,343
2021 $14,031 $69,776 $2,434 $67,342
2020 $16,443 $73,813 $1,703 $72,110
2019 $16,093 $80,099 $1,703 $78,396
2018 $16,110 $81,558 $1,703 $79,855
2017 $15,619 $72,556 $1,094 $71,462
2016 $9,180 $45,835 $1,094 $44,741
2015 $4,378 $23,892 $1,094 $22,798
2014 $3,070 $19,115 $1,094 $18,021
2013 $2,998 $19,115 $1,094 $18,021
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11407469

Midwest Real Estate Data (MRED)

APN: 17-03-213-020-1066