NOT LISTED FOR SALE

Estimated Value: $1,097,000 - $2,321,310

3 Beds
5 Baths
5,382 Sq Ft
$295/Sq Ft Est. Value

Last Sold August 30, 2019

Last sale price $1,888,000 $351 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $12,718/month

Highlights

  • Doorman
  • 5-minute walk to Chicago Avenue Station (Red Line)
  • Wood Flooring
  • Fitness Center
  • Home Theater
  • 2-minute walk to Seneca Park

About This Home

As of February 2024

Exquisitely modern with unrivaled, panoramic views of the skyline and Lake Michigan, 161 E. Chicago Ave., unit 60M1, is a never before lived in 3 bed/3.5 bath, duplex penthouse in the exclusive Olympia Centre residences. Recently reconfigured and renovated by Centaur Interiors, no expense was spared on the fixtures and finishes for this 5,400-square-foot, top tier unit with a corner position. The main level program presents a large, two-story great room with 85 feet of contiguous windows to the north and 45 feet of windows to the east. Perfect for elevated entertaining and everyday living, the great room encompasses a formal living room space, a lounge/den with a custom wet bar with full-height Gaggenau wine refrigeration, an open-concept kitchen, and a fabulous family room - all of which find connectivity thanks to seven-inch-wide, white oak flooring. The centrally located chef's kitchen is a masterpiece of design, flaunting custom Arclinea cabinets in fume oak, a leathered quartzite island, professional Sub-Zero/Wolf appliances, and an attached eight-foot kitchen table. The primary suite is also located on the main level and features an epic 15' x 14' walk-in closet by B&B Italia with a leather-wrapped island and a Breccia Capraia marble-clad, en-suite bath with a custom glass top vanity by Artelinea, a Roman shower, and a bubble jet soaking tub. Upstairs, the second level presents two, spacious secondary bedrooms, both with walk-in closets, designer en-suite baths, and more mesmerizing views. (The third bedroom can serve as a handsome home office as is.) Additional unit details include a presentation-worthy powder room with marble vanity, two laundry rooms (one per floor), motorized shades, Waterworks plumbing fixtures, Toto intelligent toilets, surplus storage via custom millwork, surround sound, a wireless network with Araknis, a state-of-the-art Savant home automation system, and a convenient separate entrance on the second floor. Full-service building amenities include a 24-hour door staff, concierge services, a fitness center, an indoor pool and health spa, an entertaining room, a sun deck, and onsite garage parking. Situated next to some of the most famous attractions, restaurants, shops, and outdoor activities Chicago has to offer - Michigan Avenue, the historic Water Tower, the John Hancock building, the Museum of Contemporary Art, and the lakefront, just to name a few - not to mention adjacent to Neiman Marcus, 161 E. Chicago Ave., unit 60M1, is uncompromising luxury in the heart of it all.

Last Agent to Rent the Property

Matt Leutheuser

Jameson Sotheby's Intl Realty License #475145245 Listed on: 09/18/2023

Co-Listed By

Tim Salm

Jameson Sotheby's Intl Realty License #475133721

Last Renter's Agent

Non Member

NON MEMBER

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $33,905

Year Built

  • Built in 1985

Lot Details

  • 0.74

Parking

  • 3 Car Attached Garage
  • Leased Parking

Home Design

  • Half Duplex
  • Marble or Granite Building Materials

Interior Spaces

  • 5,382 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Entrance Foyer
  • Great Room
  • Formal Dining Room
  • Home Theater
  • Wood Flooring

Kitchen

  • Double Oven
  • Microwave
  • High End Refrigerator
  • Dishwasher
  • Stainless Steel Appliances
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms
  • Dual Sinks
  • Whirlpool Bathtub
  • Separate Shower

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Home Security

  • Home Security System
  • Intercom

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Humidifier
  • Baseboard Heating
  • 200+ Amp Service
  • Lake Michigan Water
  • Cable TV Available

Listing and Financial Details

  • Property Available on 9/18/23
  • Rent includes electricity, heat, water, scavenger, doorman, exterior maintenance, air conditioning

Community Details

Overview

  • 292 Units
  • First Service Association, Phone Number (312) 751-8174
  • Olympia Centre Subdivision
  • Property managed by Draper & Kramer

Amenities

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

Recreation

  • Community Spa
  • Bike Trail

Pet Policy

  • Pets up to 30 lbs
  • Pet Size Limit
  • Dogs and Cats Allowed

Security

  • Resident Manager or Management On Site
  • Fire Sprinkler System

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$33,905

Year Built

Built in 1985

Lot Details

0

Parking

3

Rental Info

  • Available Date: 2023-09-18
  • Lease Amount: 380
  • Board Number: 8
  • Pets Allowed (Y/N): Yes
  • Type of Rental Property: Attached
  • Rental Price: 18000
  • Is Parking Included in Price: No
  • Fees/Approvals: Move-in Fee,Move-in Mon-Fri,Move-in Saturday,Move Out Fee,Refundable Damage Deposit
  • Max Pet Weight: 30

Listing Details

  • Property Type: Residential Lease
  • Property Type: Residential Lease
  • Type Attached: 1/2 Duplex,Condo,Condo-Duplex
  • Property Sub-Type: Attached
  • 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: School Bus Service,Commuter Bus,Commuter Train,Interstate Access
  • Rebuilt (Y/N): Yes
  • Rehab (Y/N): No
  • Unit Floor Level: 60
  • Rebuilt Year: 2022
  • ResoPropertyType: ResidentialLease
  • Special Features: None
  • Property Sub Type: Townhouses
  • Stories: 2

Interior Features

  • Appliances: Double Oven, Microwave, Dishwasher, Refrigerator, High End Refrigerator, Washer, Dryer, Disposal, Stainless Steel Appliance(s)
  • Basement: None
  • Full Bathrooms: 3
  • Half Bathrooms: 2
  • Total Bathrooms: 5
  • Total Bedrooms: 3
  • Interior Amenities: Bar-Wet, Hardwood Floors, Theatre Room, First Floor Laundry, Second Floor Laundry, Laundry Hook-Up in Unit
  • LivingArea: 5382
  • Other Equipment: Humidifier, TV-Cable, Security System, Intercom, Fire Sprinklers
  • Room Type: Great Room, Foyer
  • Stories Total: 2
  • 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: Separate
  • Total Sq Ft: 0
  • Total Sq Ft: 0
  • ResoLivingAreaSource: Builder

Exterior Features

  • List Price: 18000
  • Waterfront: No
  • Exterior Building Type: Marble/Granite

Garage/Parking

  • Garage Spaces: 3
  • ParkingTotal: 3
  • Garage On-Site: Yes
  • Garage Ownership: Fee/Leased
  • Garage Type: Attached
  • Parking: Garage
  • Highest Parking Fee: 380
  • Lowest Parking Fee: 340

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air, Zoned
  • Electric: Circuit Breakers, 200+ Amp Service
  • Heating: Electric, Baseboard, Zoned
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK, Size Limit
  • Association Amenities: Bike Room/Bike Trails, Door Person, Coin Laundry, 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
  • Rent Includes: Electricity, Heat, Water, Scavenger, Doorman, Exterior Maintenance, Air Conditioning
  • Management: Manager On-site,Monday through Friday
  • Management Company: Draper & Kramer
  • Management Contact Name: First Service
  • Management Phone: 312-751-8174

Schools

  • Middle/Junior School District: 299

Lot Info

  • Lot Dimensions: COMMON

Multi Family

  • Units in Building: 292

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 15, 2019
Closed on
Sep 6, 2019
Sold by
Jewell George L
Bought by
Jewell George L and George L Jewell Trust
Seller's Agent
Eugene Fu
@properties Christie's International Real Estate
Buyer's Agent
Non Member
NON MEMBER
List Price
$2,150,000
Sold Price
$1,888,000
Premium/Discount to List
-$262,000
-12.19%
Current Estimated Value
$1,807,059

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$80,941
Avg. Annual Appreciation
-4.36%
Original Mortgage
$800,000
Outstanding Balance
$709,686
Interest Rate
3.7%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Estimated Equity
$738,095

Purchase Details

Listed on
May 15, 2019
Closed on
Aug 30, 2019
Sold by
Chicago Title Land Trust Company
Bought by
Jewell George
Seller's Agent
Eugene Fu
@properties Christie's International Real Estate
Buyer's Agent
Non Member
NON MEMBER
List Price
$2,150,000
Sold Price
$1,888,000
Premium/Discount to List
-$262,000
-12.19%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$800,000
Outstanding Balance
$709,686
Interest Rate
3.7%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Estimated Equity
$738,095
Source: Public Records

Range of Values:

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List Price
Sold Price
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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
Jewell George L -- Attorney
Jewell George $1,888,000 Chicago Title Land Trust Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jewell George L $800,000
Previous Owner Harris Trust & Savings Bank $2,216,500
Previous Owner Cole Taylor Bank $600,000
Previous Owner Harris Trust & Svgs Bank $1,600,000
Previous Owner Harris Trust & Svgs Bank $1,260,000
Previous Owner Harris Trust & Svgs Bank $1,260,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/23/2024 02/23/24 Rented $18,000 0.0% --
09/18/2023 09/18/23 For Rent $18,000 0.0% --
08/30/2019 08/30/19 Sold $1,888,000 -12.2% $351 / Sq Ft
08/18/2019 08/18/19 Pending -- -- --
05/15/2019 05/15/19 For Sale $2,150,000 -- $399 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

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 $33,905 $146,868 $5,351 $141,517
2023 $33,013 $166,665 $4,385 $162,280
2022 $33,013 $166,665 $4,385 $162,280
2021 $32,309 $166,663 $4,384 $162,279
2020 $36,796 $170,758 $3,328 $167,430
2019 $36,006 $185,385 $3,328 $182,057
2018 $34,697 $185,385 $3,328 $182,057
2017 $37,152 $178,657 $2,835 $175,822
2016 $34,926 $178,657 $2,835 $175,822
2015 $31,914 $178,657 $2,835 $175,822
2014 $25,738 $143,122 $2,219 $140,903
2013 $25,210 $143,122 $2,219 $140,903
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11887683

Midwest Real Estate Data (MRED)

APN: 17-10-200-068-1279