$899,000

Olympia Centre 161 E Chicago Ave Unit 40DE Floor 40 Chicago, IL 60611

Magnificent Mile Neighborhood

Estimated payment $9,135/month

3 Beds
3 Baths
2,700 Sq Ft
$333 Price per Sq Ft

Highlights

  • Doorman
  • 5-minute walk to Chicago Avenue Station (Red Line)
  • Wood Flooring
  • Water Views
  • Fitness Center
  • 1-minute walk to Seneca Park

About This Home

Rare opportunity with this property! Enjoy incredible views from this high-floor DE combination unit with desirable south and west exposures, filling the home with natural light throughout the day. The flexible split floor plan offers endless possibilities. Currently configured as one expansive residence, it can also be converted back to its original layout as a large studio (D unit) and a 2-bedroom (E unit), as the studio kitchen remains intact. With no current rental restrictions, the investment potential is exceptional. Keep the home as-is and enjoy the generous living space, live in one unit and rent the other, or rent both for maximum income potential. A truly unique opportunity in a building where most D and E units have already been combined. Monthly assessment: 2839.38 2024 Taxes: $17,267.02.

Listing Agent

Caroline Druker

Baird & Warner License #475124886 Listed on: 06/28/2026

Baird & Warner

Co-Listing Agent

Matthew Druker

Baird & Warner License #475164429

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $17,267

Year Built

  • Built in 1985

Lot Details

  • Additional Parcels

HOA Fees

  • $2,840 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Leased Parking
  • Heated Garage
  • Parking Available

Home Design

  • Entry on the 40th floor
  • Stone Siding
  • Marble or Granite Building Materials

Interior Spaces

  • 2,700 Sq Ft Home
  • Family Room
  • Combination Dining and Living Room
  • Storage
  • Gallery

Kitchen

  • Double Oven
  • Electric Oven
  • Cooktop
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms
  • Walk-In Closet
  • 3 Full Bathrooms
  • Bidet
  • Whirlpool Bathtub
  • Separate Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Utilities

  • Zoned Heating and Cooling
  • Heating Available
  • Lake Michigan Water
  • Cable TV Available

Listing and Financial Details

  • Senior Tax Exemptions
  • Homeowner Tax Exemptions

Community Details

Overview

  • Association fees include air conditioning, water, insurance, doorman, tv/cable, exercise facilities, pool, exterior maintenance, lawn care, scavenger, snow removal, internet
  • 252 Units
  • Tom Gillespie Association, Phone Number (312) 751-8174
  • Property managed by First Residential Serive
  • 64-Story Property

Amenities

  • Doorman
  • Sundeck
  • Party Room
  • Coin Laundry
  • 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

Property Details

Home Type

Condominium

Est. Annual Taxes

$17,267

Year Built

Built in 1985

Lot Details

0 Sq Ft Lot

HOA Fees

$2,840 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: Condo
  • Ownership: Condo
  • EntryLevel: 40
  • New Construction: No
  • Property Sub-Type: Condo
  • Year Built: 1985
  • Age: 41-50 Years
  • Built Before 1978 (Y/N): No
  • Disability Access and/or Equipped: No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • New Construction Y/N: No
  • Actual Status: New
  • SomePhotosVirtuallyStaged: No
  • MRD_WaterViewYN: Yes
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 64

Interior Features

  • Appliances: Double Oven, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Disposal, Cooktop, Electric Oven
  • Basement: None
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Total Bedrooms: 3
  • Flooring: Hardwood
  • Interior Amenities: Storage, Walk-In Closet(s)
  • LivingArea: 2700
  • Other Equipment: TV-Cable
  • Room Type: Gallery, Walk In Closet
  • Stories Total: 64
  • Estimated Total Finished Sq Ft: 0
  • Bathroom Amenities: Whirlpool,Separate Shower,Bidet
  • Below Grade Bedrooms: 0
  • Dining Room: Combined w/ LivRm
  • Total Sq Ft: 0
  • Flooring: Carpet

Exterior Features

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

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Heated Garage, Yes, Leased, Attached, Garage
  • ParkingTotal: 2

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air, Zoned
  • Electric: Circuit Breakers
  • Heating: Electric
  • Laundry Features: Washer Hookup, Electric Dryer Hookup, In Unit, Laundry Closet
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK, Number Limit
  • Association Fee: 2840
  • Association Amenities: Bike Room/Bike Trails, Door Person, Coin Laundry, Elevator in Residence, Exercise Room, Storage, On Site Manager/Engineer, Party Room, Sundeck, Indoor Pool, Receiving Room, Service Elevator(s)
  • Association Fee Frequency: Monthly
  • Management: Manager On-site,Monday through Friday
  • Master Association Fee Frequency: Not Required
  • Management Company: First Residential Serive
  • Management Contact Name: Tom Gillespie
  • Management Phone: 312-751-8174

Fee Information

  • Association Fee Includes: Air Conditioning, Water, Insurance, Doorman, TV/Cable, Exercise Facilities, Pool, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal, Internet

Lot Info

  • Additional Parcels: Yes
  • Lot Dimensions: common
  • Special Assessments: Y

Rental Info

  • Lease Amount: 425
  • Board Number: 8
  • Pets Allowed (Y/N): Yes
  • Is Parking Included in Price: No
  • Max Pet Weight: 999

Tax Info

  • Tax Annual Amount: 17267.02
  • Tax Year: 2024
  • Tax Exemptions: Homeowner,Senior

Multi Family

  • Units in Building: 252

Map

About Olympia Centre

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

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
06/29/2026 06/29/26 For Sale $899,000 -- $333 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Source: Midwest Real Estate Data (MRED)

MLS Number: 12677042

Midwest Real Estate Data (MRED)
Illinois Cook County Chicago 60611 Magnificent Mile

161 E Chicago Ave Unit 40DE, 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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