NOT LISTED FOR SALE

Olympia Centre 161 E Chicago Ave Unit 55F Chicago, IL 60611

Magnificent Mile Neighborhood

Estimated Value: $700,000 - $1,176,000

2 Beds
2 Baths
1,904 Sq Ft
0.74 Acre Lot

Sale Details

Date Sold: November 15, 2023

Last sale price $965,000 $507 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $8,121 / mo

22 Days on Market

Highlights

  • Doorman
  • 5-minute walk to Chicago Avenue Station (Red Line)
  • Property is near park
  • Water Views
  • Fitness Center
  • 1-minute walk to Seneca Park

About This Home

As of November 2023

BETTER THAN NEW CONSTRUCTION !! Rare opportunity to own a BRAND NEW GUT REHABBED unit in one of Chicago's Premier Luxury buildings with SPECTACULAR WRAP AROUND VIEWS. This coveted "F" unit is perched high on the 55th floor with forever views from every angle. Openings have been expanded to maximize the views from every room. As you enter you will greeted by the grand foyer - a perfect space for artwork or a dramatic piece of furniture. As you come around the corner you will be swept away by the stunning wrap around views which will have you captivated for hours. The living room/ dining room combo also features an expanded open concept kitchen with high end appliances - Sub Zero, Bosch, Sharp pull out microwave drawer and Zephyr beverage cooler. Expansive cabinetry, open shelving and a quartz waterfall countertop complete the look. A perfect flow for entertaining guests or spending cozy nights at home. The large Primary Bedroom features 2 walk in closets and attached Primary Bath. Unwind from your day in your re-configured, spa-like Primary Bath with Porcelanosa tile lining the walls. Enjoy your large walk in shower, Japanese toilet, heated floors, and heated towel bar. Views continue on to the 2nd bedroom with adjacent full bath featuring a stand up shower, unique floating vanity with double faucets and lighted vanity mirror. This flexible space can be used many different ways from bedroom/den/home office or all of the above. Separate laundry room houses side by side front loading washer & dryer with room for additional storage. Professionally organized closets with loads of space as well as additional storage on the same floor. Fully staffed building features a 24 hour doorman, concierge services, indoor pool, workout facilities and attached garage for a fee. No rental cap. Perfect for a Pied A Terre, 1031 exchange or full time living. MOVE RIGHT IN AND ENJOY!! TRULY A SPECIAL UNIT!!

Last Agent to Sell the Property

Ornit Mandell

Ornit Mandell License #471018674 Listed on: 10/02/2023

Last Buyer's Agent

Trupti Patel

Compass License #475184780

Compass

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $15,084

Year Built

  • Built in 1986 | Remodeled in 2023

Lot Details

  • 0.74

HOA Fees

  • $1,736 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Leased Parking
  • Heated Garage
  • Garage Transmitter

Home Design

  • Marble or Granite Building Materials

Interior Spaces

  • 1,904 Sq Ft Home
  • Entrance Foyer
  • Storage Room
  • Laundry in unit
  • Wood Flooring

Kitchen

  • Range with Range Hood
  • Microwave
  • High End Refrigerator
  • Dishwasher
  • Wine Refrigerator
  • Stainless Steel Appliances
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms
  • 2 Full Bathrooms
  • Dual Sinks
  • Separate Shower

Home Security

Utilities

  • Central Air
  • Baseboard Heating
  • Lake Michigan Water
  • Cable TV Available

Additional Features

  • End Unit
  • Property is near park

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, scavenger, snow removal, internet
  • 292 Units
  • Josh Frazier Association, Phone Number (312) 751-8174
  • Property managed by First Service Residential
  • 64-Story Property

Amenities

  • Doorman
  • Valet Parking
  • Sundeck
  • Party Room
  • Elevator
  • Service Elevator
  • Package Room
  • Community Storage Space

Recreation

  • Community Spa
  • Bike Trail

Pet Policy

  • Limit on the number of pets
  • Dogs and Cats Allowed

Security

  • Resident Manager or Management On Site
  • Carbon Monoxide Detectors
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$15,084

Year Built

Built in 1986 | Remodeled in 2023

Lot Details

0.74 Acres

HOA Fees

$1,736 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
  • Year Built: 1986
  • 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): Yes
  • Unit Floor Level: 55
  • Rehab Year: 2023
  • Actual Status: Closed
  • ResoPropertyType: Residential
  • SomePhotosVirtuallyStaged: Yes
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 64
  • Year Renovated: 2023

Interior Features

  • Appliances: Range, Microwave, Dishwasher, High End Refrigerator, Disposal, Stainless Steel Appliance(s), Wine Refrigerator, Range Hood
  • Basement: None
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 2
  • Interior Amenities: Hardwood Floors
  • LivingArea: 1904
  • Other Equipment: TV-Cable, Fire Sprinklers, CO Detectors
  • Room Type: Foyer, Storage
  • Stories Total: 64
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: None
  • Bathroom Amenities: Separate Shower,Double Sink
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Combined w/ LivRm,L-shaped
  • Total Sq Ft: 0
  • ResoLivingAreaSource: Estimated

Exterior Features

  • ExteriorFeatures: End Unit
  • Lot Features: Park Adjacent, Water View
  • Waterfront: No
  • Exterior Building Type: Marble/Granite

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: Electric, Baseboard
  • Laundry Features: In Unit
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK, Number Limit
  • Association Fee: 1736
  • Association Amenities: Bike Room/Bike Trails, Door Person, Elevator(s), Exercise Room, Storage, Health Club, On Site Manager/Engineer, Party Room, Sundeck, Indoor Pool, Receiving Room, Service Elevator(s), Valet/Cleaner, Spa/Hot Tub
  • 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: Josh Frazier
  • 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, Internet

Lot Info

  • Lot Dimensions: COMMON
  • Special Assessments: N

Rental Info

  • Lease Amount: 365
  • Board Number: 10
  • Pets Allowed (Y/N): Yes
  • Is Parking Included in Price: No
  • Max Pet Weight: 999

Tax Info

  • Tax Annual Amount: 15084.32
  • Tax Year: 2021
  • Tax Exemptions: Homeowner,Senior

Multi Family

  • Units in Building: 292

Ownership 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 Name Owned For Owner Type

Purchase Details

Listed on
Oct 2, 2023
Closed on
Nov 15, 2023
Sold by
Bought by
Seller's Agent
Ornit Mandell
Ornit Mandell
Buyer's Agent
Trupti Patel
Compass
List Price
$999,000
Sold Price
$965,000
Premium/Discount to List
-$34,000
-3.4%
Views
37
Current Estimated Value
$918,521

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$46,479
Avg. Annual Appreciation
-1.88%

Purchase Details

Listed on
Sep 8, 2020
Closed on
Feb 7, 2022
Sold by
Bought by
Seller's Agent
Hadley Rue
Baird & Warner
Buyer's Agent
Ornit Mandell
Ornit Mandell
List Price
$775,000
Sold Price
$565,000
Premium/Discount to List
-$210,000
-27.1%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
34.86%

Purchase Details

Listed on
Sep 8, 2020
Closed on
Jan 31, 2022
Sold by
Bought by
Seller's Agent
Hadley Rue
Baird & Warner
Buyer's Agent
Ornit Mandell
Ornit Mandell
List Price
$775,000
Sold Price
$565,000
Premium/Discount to List
-$210,000
-27.1%

Purchase Details

Closed on
Nov 15, 2016
Sold by
Bought by
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

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 Buyer Sale Price Title Company
$965,000 Chicago Title
-- --
-- --
-- Attorney
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 Prior Sale
11/15/2023 11/15/23 Sold $965,000 -3.4% $507 / Sq Ft
10/25/2023 10/25/23 Pending -- -- --
10/02/2023 10/02/23 For Sale $999,000 +76.8% $525 / Sq Ft
01/31/2022 01/31/22 Sold $565,000 -21.0% $297 / Sq Ft View Prior Sale
01/03/2022 01/03/22 Pending -- -- --
10/26/2020 10/26/20 Price Changed $715,000 -1.4% $376 / Sq Ft
09/08/2020 09/08/20 Price Changed $725,000 -6.5% $381 / Sq Ft
09/08/2020 09/08/20 For Sale $775,000 -- $407 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax 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.

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 $17,092 $71,852 $2,618 $69,234
2024 $17,092 $71,852 $2,618 $69,234
2023 $15,395 $81,008 $2,145 $78,863
2022 $15,395 $81,008 $2,145 $78,863
2021 $15,084 $81,007 $2,145 $78,862
2020 $17,366 $83,538 $1,628 $81,910
2019 $16,981 $90,694 $1,628 $89,066
2018 $16,694 $90,694 $1,628 $89,066
2017 $17,507 $87,403 $1,387 $86,016
2016 $16,648 $87,403 $1,387 $86,016
2015 $15,192 $87,403 $1,387 $86,016
2014 $12,174 $70,018 $1,085 $68,933
2013 $11,915 $70,018 $1,085 $68,933
Source: Public Records

Agents Affiliated with this Home

  • O

    Seller's Agent in 2023

    Ornit Mandell

    Ornit Mandell

    2 in this area

    12 Total Sales

    Ornit Mandell
    Section Image
  • Trupti Patel

    Buyer's Agent in 2023

    Trupti Patel

    Compass

    (312) 319-1168

    1 in this area

    26 Total Sales

    Trupti Patel
    Section Image
  • Hadley Rue

    Seller's Agent in 2022

    Hadley Rue

    Baird & Warner

    (773) 852-4478

    3 in this area

    226 Total Sales

    Hadley Rue
    Section Image
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About Olympia Centre

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11898419

Midwest Real Estate Data (MRED)

APN: 17-10-200-068-1248

Illinois Cook County Chicago 60611 Magnificent Mile

161 E Chicago Ave Unit 55F, 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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