NOT LISTED FOR SALE

Estimated Value: $818,000 - $892,173

2 Beds
2.5 Baths
2,154 Sq Ft
$1,985/ mo HOA Fee

Last Sold February 18, 2025

Last sale price $775,000 $360 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $7,881/month

85 Days on Market

Highlights

  • Doorman
  • 5-minute walk to Chicago Avenue Station (Red Line)
  • Whirlpool Bathtub
  • Fitness Center
  • Waterfront
  • 2-minute walk to Seneca Park

About This Home

As of February 2025

Offering classic Chicago sophistication in the heart of the Gold Coast, 161 E. Chicago Ave., unit #54B, is a 2154-square-foot luxury condo with breathtaking lake views and first-class amenities. Located in Olympia Centre, one of Chicago's premier high-rises steps from the Magnificent Mile, unit #54B features rare oversized windows, hardwood floors, and designer finishes. This home's handsome entry has a deep coat closet and access to a polished powder room, and connects to a large (22' x 7') foyer with gorgeous marble floors and modern millwork details. The living room is spectacularly spacious for a myriad of elevated living/entertaining configurations, features oversize windows that frame those unobstructed Lake Michigan views, and connects to a defined formal dining space. The gourmet, galley-style kitchen features a high-end stainless steel SubZero refrigerator, double ovens, custom white lacquer cabinetry, and natural stone countertops. The south end of the living room links to a light-filled den with a coffered ceiling and Art Deco accent lighting that can serve as a second bedroom based on preference. Sizable and lake-facing, the primary suite features three custom walk-in closets, more beautiful window benches and a sitting area, and comes complete with a luxe ensuite bath with marble floors, a double vanity, a soaking tub and a glass-encased shower. Additional in-unit details include custom window treatments, designer wallcoverings and statement lighting, and a walk-in laundry room. Building amenities include 24-hour door service, concierge, an on-site laundry room, a wide-open party room and lounge space to use for large-scale entertaining, an indoor pool, two separate fitness centers, a sauna, a whirlpool, and a sundeck with incredible views of the city and surrounding neighborhood. Steps from Lake Michigan, Oak Street Beach and the best shopping, dining, and cultural institutions Chicago has to offer, 161 E. Chicago Ave., unit 54B, delivers both convenience and lifestyle. (On site garage parking available, and the building is pet-friendly.)

Last Agent to Sell the Property

Tim Salm

Jameson Sotheby's Intl Realty License #475133721 Listed on: 09/16/2024

Jameson Sotheby's Intl Realty

Last Buyer's Agent

Cathy Deutsch

@properties Christie's International Real Estate License #475173971

@properties Christie's International Real Estate

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $18,494

Year Built

  • Built in 1985

Lot Details

  • Waterfront
  • End Unit

HOA Fees

  • $1,985 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Leased Parking
  • Garage Transmitter

Home Design

  • Reinforced Caisson Foundation
  • Rubber Roof
  • Marble or Granite Building Materials

Interior Spaces

  • 2,154 Sq Ft Home
  • Entrance Foyer
  • Family Room
  • Combination Dining and Living Room

Kitchen

  • Electric Oven
  • Electric Cooktop
  • Microwave
  • High End Refrigerator
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms
  • Walk-In Closet
  • Dual Sinks
  • Whirlpool Bathtub
  • Separate Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Utilities

  • Central Air
  • Baseboard Heating
  • Cable TV Available

Listing and Financial Details

  • Homeowner Tax Exemptions

Community Details

Overview

  • Association fees include air conditioning, water, insurance, doorman, tv/cable, exercise facilities, pool, exterior maintenance, scavenger, snow removal
  • 292 Units
  • Unissa Khan Or Josh Association, Phone Number (312) 751-8174
  • Olympia Centre Subdivision, B Tier Floorplan
  • Property managed by First Service Residential
  • 64-Story Property

Amenities

  • Doorman
  • Valet Parking
  • Common Area
  • Party Room
  • Laundry Facilities
  • Elevator
  • Service Elevator
  • Package Room
  • Community Storage Space

Recreation

  • Community Spa
  • Bike Trail

Pet Policy

  • Pets up to 30 lbs
  • Limit on the number of pets
  • Pet Size Limit
  • Dogs and Cats Allowed

Security

  • Resident Manager or Management On Site

Property Details

Home Type

Condominium

Est. Annual Taxes

$18,494

Year Built

Built in 1985

Lot Details

0.74 Acres

HOA Fees

$1,985 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: Condo
  • Ownership: Condo
  • New Construction: No
  • Property Sub-Type: Condo
  • Subdivision Name: Olympia Centre
  • Year Built: 1985
  • Age: 31-40 Years
  • Built Before 1978 (Y/N): No
  • Disability Access and/or Equipped: No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Unit Floor Level: 54
  • Actual Status: Closed
  • ResoPropertyType: Residential
  • SomePhotosVirtuallyStaged: No
  • MRD_WaterViewYN: Yes
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 64

Interior Features

  • Appliances: Microwave, Dishwasher, Refrigerator, High End Refrigerator, Washer, Dryer, Disposal, Cooktop, Electric Cooktop, Electric Oven
  • Basement: None
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3
  • Total Bedrooms: 2
  • Interior Amenities: Laundry Hook-Up in Unit
  • LivingArea: 2154
  • Other Equipment: TV-Cable
  • Room Type: Foyer, Walk In Closet
  • Stories Total: 64
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: None
  • Bathroom Amenities: Whirlpool,Separate Shower,Double Sink
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Combined w/ LivRm
  • Total Sq Ft: 0
  • Flooring: Carpet
  • ResoLivingAreaSource: Estimated

Exterior Features

  • ExteriorFeatures: End Unit
  • Foundation Details: Reinforced Caisson
  • Lot Features: Common Grounds
  • Roof: Rubber
  • View: Water
  • Waterfront: Yes
  • Exterior Building Type: Marble/Granite

Garage/Parking

  • Garage Spaces: 1
  • ParkingTotal: 1
  • Garage Details: Transmitter(s)
  • Garage On-Site: Yes
  • Garage Ownership: Fee/Leased
  • Garage Type: Attached
  • Parking: Garage

Utilities

  • Sewer: Other
  • Cooling: Central Air
  • Electric: Circuit Breakers
  • Heating: Electric, Baseboard
  • Laundry Features: In Unit
  • Water Source: Other

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK, Number Limit, Size Limit
  • Association Fee: 1985
  • Association Amenities: Bike Room/Bike Trails, Door Person, Elevator(s), Exercise Room, Storage, Health Club, On Site Manager/Engineer, Party Room, Indoor Pool, Receiving Room, Sauna, Service Elevator(s), Valet/Cleaner, Spa/Hot Tub, Laundry, Private Laundry Hkup
  • Association Fee Frequency: Monthly
  • Management: Manager On-site,Monday through Friday
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: First Service Residential
  • Management Contact Name: Unissa Khan or Josh
  • Management Phone: 312-751-8174
  • ResoAssociationFeeFrequency: Monthly

Fee Information

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

Lot Info

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

Rental Info

  • Lease Amount: 355
  • Board Number: 8
  • Pets Allowed (Y/N): Yes
  • Is Parking Included in Price: No
  • Max Pet Weight: 30

Tax Info

  • Tax Annual Amount: 18493.66
  • Tax Year: 2023
  • Tax Exemptions: Homeowner

Multi Family

  • Units in Building: 292

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 16, 2024
Closed on
Jan 23, 2025
Sold by
Marta Holsman Babson Trust and Babson Marta Holsman
Bought by
Parvin Charles L and Parvin Viktoria H
Seller's Agent
Tim Salm
Jameson Sotheby's Intl Realty
Buyer's Agent
Cathy Deutsch
@properties Christie's International Real Estate
List Price
$850,000
Sold Price
$775,000
Premium/Discount to List
-$75,000
-8.82%
Views
23
Current Estimated Value
$847,793

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$72,793
Avg. Annual Appreciation
9.39%

Purchase Details

Closed on
Oct 30, 2012
Sold by
Babson Marta Holsman
Bought by
Babson Marta Holsman and Marta Holsman Babson Trust
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
Parvin Charles L $775,000 None Listed On Document
Babson Marta Holsman -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/18/2025 02/18/25 Sold $775,000 -8.8% $360 / Sq Ft
12/10/2024 12/10/24 Pending -- -- --
09/16/2024 09/16/24 For Sale $850,000 -- $395 / 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 $18,494 $80,166 $2,921 $77,245
2024 $18,494 $80,166 $2,921 $77,245
2023 $18,007 $90,968 $2,393 $88,575
2022 $18,007 $90,968 $2,393 $88,575
2021 $17,623 $90,967 $2,393 $88,574
2020 $20,072 $93,205 $1,817 $91,388
2019 $19,641 $101,189 $1,817 $99,372
2018 $19,310 $101,189 $1,817 $99,372
2017 $20,992 $97,516 $1,547 $95,969
2016 $19,531 $97,516 $1,547 $95,969
2015 $17,045 $97,516 $1,547 $95,969
2014 $14,494 $78,120 $1,211 $76,909
2013 $13,388 $78,120 $1,211 $76,909
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12164974

Midwest Real Estate Data (MRED)

APN: 17-10-200-068-1236

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