The Palmolive Condos 159 E Walton Place Unit 7G Floor 7 Chicago, IL 60611
Magnificent Mile NeighborhoodEstimated payment $10,724/month
Highlights
- Doorman
- Fitness Center
- Wood Flooring
- Steam Room
- Lock-and-Leave Community
- 1-minute walk to Lakefront Park
About This Home
Live at the crossroads of heritage and high design in this sun-drenched southwest corner residence within the legendary Palmolive Building, one of Chicago's most iconic Art Deco masterpieces. Spanning approximately 2,400 square feet, this two-bedroom, two-and-a-half-bath home blends classic architecture with modern refinement, just steps from the elegance of Michigan Avenue. A gracious entry foyer with herringbone hardwood floors and gallery walls sets the stage for an interior that's both timeless and livable. The corner living room enjoys south and west exposures with views down Michigan Avenue. A marble-framed gas fireplace, and custom built-ins provides an inviting space that balances grandeur and comfort. The dining area, anchored by a Lindsey Adelman statement fixture, is framed by expansive west-facing windows and offers the perfect setting for intimate gatherings or elegant entertaining. The open chef's kitchen combines style and performance with Varenna cabinetry, granite countertops, Sub-Zero, Wolf, and Miele appliances, and breakfast bar. A powder room with Kallista fixtures, Jonathan Browning sconces, and limestone flooring complements the main living area with understated elegance. The primary suite is a serene retreat featuring corner exposures, abundant sunlight, and two custom walk-in closets. The ensuite bath showcases a soaking tub, separate shower, dual vanity, and limestone finishes throughout. A spacious second bedroom suite with a limestone bath and generous storage provides versatility for guests or a study. Additional features include a full-size laundry room with new (2024) Electrolux washer/dryer, sink, and cabinetry. Residents of the Palmolive enjoy five-star amenities, including 24-hour door staff, on-site management and engineer, a state-of-the-art fitness center with steam room, and the private Beacon Club for entertaining. One valet parking space in the attached garage is included. Located just moments from Michigan Avenue's premier shopping, dining, and cultural landmarks, this home offers a rare opportunity to live within one of Chicago's most prestigious addresses, a residence that is both an architectural icon and a timeless sanctuary.
Listing Agent
@properties Christie's International Real Estate License #475123706 Listed on: 10/20/2025
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $25,272
Year Built
- Built in 1929 | Remodeled in 2003
HOA Fees
- $2,991 Monthly HOA Fees
Parking
- 1 Car Garage
- Parking Included in Price
Home Design
- Entry on the 7th floor
Interior Spaces
- 2,400 Sq Ft Home
- Entrance Foyer
- Family Room
- Living Room with Fireplace
- Combination Dining and Living Room
- Wood Flooring
Kitchen
- Range
- Microwave
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Potential Bedrooms
- Walk-In Closet
- Dual Sinks
- Whirlpool Bathtub
- Separate Shower
Laundry
- Laundry Room
- Dryer
- Washer
Home Security
Schools
- Ogden Elementary
- Wells Community Academy Senior H High School
Utilities
- Forced Air Heating and Cooling System
- Lake Michigan Water
Community Details
Overview
- Association fees include air conditioning, water, gas, parking, insurance, security, doorman, tv/cable, exercise facilities, exterior maintenance, scavenger, snow removal
- 96 Units
- Lynn Stevens Association, Phone Number (312) 255-0159
- High-Rise Condominium
- Palmolive Building Landmark Subdivision
- Property managed by Sudler Property Management
- Lock-and-Leave Community
- 37-Story Property
Amenities
- Doorman
- Steam Room
- Party Room
- Elevator
- Service Elevator
- Package Room
- Community Storage Space
Recreation
- Bike Trail
Pet Policy
- Limit on the number of pets
- Dogs and Cats Allowed
Security
- Resident Manager or Management On Site
- Fire Sprinkler System
Map
About The Palmolive Condos
Home Values in the Area
Average Home Value in this Area
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 | $25,272 | $118,462 | $5,803 | $112,659 |
| 2023 | $27,558 | $119,781 | $4,675 | $115,106 |
| 2022 | $27,558 | $133,983 | $4,675 | $129,308 |
| 2021 | $26,943 | $133,982 | $4,674 | $129,308 |
| 2020 | $31,574 | $141,733 | $3,270 | $138,463 |
| 2019 | $30,901 | $153,803 | $3,270 | $150,533 |
| 2018 | $30,935 | $156,604 | $3,270 | $153,334 |
| 2017 | $29,991 | $139,320 | $2,616 | $136,704 |
| 2016 | $27,904 | $139,320 | $2,616 | $136,704 |
| 2015 | $25,530 | $139,320 | $2,616 | $136,704 |
| 2014 | $20,659 | $111,347 | $2,102 | $109,245 |
| 2013 | $20,251 | $111,347 | $2,102 | $109,245 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 10/20/2025 10/20/25 | For Sale | $1,075,000 | +22.9% | $448 / Sq Ft | |
| 04/15/2025 04/15/25 | Sold | $875,000 | -12.5% | $365 / Sq Ft | View Prior Sale |
| 01/10/2025 01/10/25 | Pending | -- | -- | -- | |
| 01/10/2025 01/10/25 | For Sale | $1,000,000 | -13.0% | $417 / Sq Ft | |
| 01/02/2013 01/02/13 | Sold | $1,150,000 | -14.8% | $479 / Sq Ft | View Prior Sale |
| 12/03/2012 12/03/12 | Pending | -- | -- | -- | |
| 11/06/2012 11/06/12 | For Sale | $1,350,000 | -- | $563 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $875,000 | Chicago Title | |
| Warranty Deed | $1,150,000 | Baird & Warner Title Service | |
| Interfamily Deed Transfer | -- | Baird & Warner Title Service | |
| Special Warranty Deed | $1,314,000 | None Available |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12496865
APN: 17-03-213-020-1085
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