RENTED SEP 3, 2025

175 E Delaware Place, Unit 5501 Floor 55 Chicago, IL 60611

Magnificent Mile Neighborhood

Estimated Value: $432,000 - $545,000

2 Beds
2 Baths
1,300 Sq Ft
1970 Built

Sale Details

Date Sold: December 27, 2021

Last sale price $315,000 $242 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $3,269 / mo

Highlights

  • Doorman
  • Indoor Pool
  • Party Room
  • Fitness Center
  • Sauna
  • 2-minute walk to Jane Byrne Plaza

About This Home

As of September 2025

Welcome to this spacious 2-bedroom, 2-bath apartment located in the building formerly known as The John Hancock, this unit features a large living and dining area with wide-open west-facing views. Kitchen features stainless steel appliances and plenty of prep space. The primary bedroom includes a walk-in closet and private full bath, while the second bedroom is generously sized with a large closet and adjacent bathroom. 175 Delaware is a full amenity building with fitness center, indoor pool, grocery store, 24 hour door staff, dry cleaners, and more. Tenant only pays electric. If you're looking to live in the heart of the city with everything right at your doorstep-this is it! Available 9/1.

Last Agent to Rent the Property

Danielle Dowell

Berkshire Hathaway HomeServices Chicago License #475125415 Listed on: 07/29/2025

Berkshire Hathaway HomeServices Chicago

Co-Listed By

Tanner Peterson

Berkshire Hathaway HomeServices Chicago License #475194303

Last Renter's Agent

Mary Wilson

Compass License #475127782

Compass

Condo Details

Home Type

  • Condominium

Year Built

  • Built in 1970

Parking

  • 1 Car Attached Garage

Home Design

  • Entry on the 55th floor
  • Steel Siding

Interior Spaces

  • 1,300 Sq Ft Home
  • Window Treatments
  • Living Room
  • Open Floorplan
  • Dining Room
  • Home Gym
  • Laundry Room

Kitchen

  • Range
  • Microwave
  • Freezer
  • Dishwasher
  • Stainless Steel Appliances

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms
  • 2 Full Bathrooms
  • Soaking Tub

Pool

  • Indoor Pool

Utilities

  • Forced Air Heating and Cooling System
  • Cooling System Mounted In Outer Wall Opening
  • Individual Controls for Heating
  • Radiant Heating System
  • Lake Michigan Water

Listing and Financial Details

  • Property Available on 9/1/25
  • Rent includes cable TV, water, scavenger, security, doorman, exterior maintenance, snow removal
  • 12 Month Lease Term

Community Details

Overview

  • 703 Units
  • Jennie Kobzaren Association, Phone Number (312) 944-0200
  • Delaware Place Subdivision
  • Property managed by Sudler
  • 100-Story Property

Amenities

  • Doorman
  • Sauna
  • Party Room
  • Coin Laundry
  • Service Elevator
  • Package Room
  • Convenience Store
  • Elevator

Recreation

  • Bike Trail

Pet Policy

  • No Pets Allowed

Security

  • Resident Manager or Management On Site

Condo Details

Home Type

Condominium

Year Built

Built in 1970

Lot Details

0 Sq Ft Lot

Parking

1

Rental Info

  • Available Date: 2025-09-01
  • Lease Term: 12 Months
  • Board Number: 8
  • Pets Allowed (Y/N): No
  • Rental Price: 3400
  • Is Parking Included in Price: No
  • Fees/Approvals: Credit Report,Move-in Fee,Move-in Mon-Fri,Move-in Saturday,Move Out Fee,Refundable Damage Deposit

Listing Details

  • Property Type: Residential Lease
  • Property Type: Residential Lease
  • Type Attached: Condo
  • EntryLevel: 55
  • Property Attached: Yes
  • Property Sub-Type: Condo
  • Subdivision Name: Delaware Place
  • Year Built: 1970
  • Age: 51-60 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: Commuter Bus,Commuter Train
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Actual Status: Rented
  • SomePhotosVirtuallyStaged: Yes
  • MRD_WaterViewYN: No
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 100

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Freezer, Stainless Steel Appliance(s)
  • Basement: None
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 2
  • Flooring: Carpet
  • Furnished: No
  • Interior Amenities: Elevator, Dining Combo, Health Facilities, Lobby
  • LivingArea: 1300
  • Room Type: No additional rooms
  • Stories Total: 100
  • Window Features: Window Treatments
  • Estimated Total Finished Sq Ft: 0
  • Bathroom Amenities: Soaking Tub
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Combined w/ LivRm
  • Total Sq Ft: 0
  • Flooring: Carpet

Exterior Features

  • Construction Materials: Steel Siding, Glass
  • Pool Features: Indoor
  • Waterfront: No

Garage/Parking

  • Garage Spaces: 1
  • Parking Features: On Site, Other, Attached, Garage
  • ParkingTotal: 1

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air, Wall Unit(s)
  • Heating: Electric, Forced Air, Radiant, Indv Controls
  • Laundry Features: Common Area
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Association Amenities: Bike Room/Bike Trails, Door Person, Coin Laundry, Commissary, Elevator(s), Exercise Room, On Site Manager/Engineer, Party Room, Indoor Pool, Receiving Room, Sauna, Service Elevator(s)
  • Rent Includes: Cable TV, Water, Scavenger, Security, Doorman, Exterior Maintenance, Snow Removal
  • Management: Manager On-site
  • Management Company: Sudler
  • Management Contact Name: Jennie Kobzaren
  • Management Phone: 312-944-0200

Lot Info

  • Lot Dimensions: COMMON

Multi Family

  • Units in Building: 703

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 16, 2021
Closed on
Dec 23, 2021
Sold by
Reddy Properties Llc Series 2
Bought by
Ajol Properties Llc
Seller's Agent
Judy Panozzo
Real People Realty
Buyer's Agent
Matt Laricy
Americorp, Ltd
Sold Price
$315,000
Current Estimated Value
$471,463

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$156,463
Avg. Annual Appreciation
9.88%

Purchase Details

Closed on
Jun 4, 2015
Sold by
Reddy Srinivas P and Srinivas P Reddy Living Trust
Bought by
Reddy Properties Llc

Purchase Details

Closed on
Apr 30, 2010
Sold by
Reddy Srinivas
Bought by
Reddy Srinivas P and Srinivas P Reddy Living Trust

Purchase Details

Closed on
Jun 4, 2002
Sold by
Reddy P B Ram
Bought by
Reddy Srinivas

Purchase Details

Closed on
Sep 1, 1998
Sold by
Reddy Srinivas
Bought by
Reddy Srinivas and B Ram Reddy P

Purchase Details

Closed on
Jun 2, 1995
Sold by
Reddy P Balram and Reddy Devasena
Bought by
Reddy Srinivas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$142,000
Interest Rate
8.26%

Purchase Details

Closed on
May 22, 1995
Sold by
Littman Ethel and Ethel S Littman Living Trust
Bought by
Reddy Srinivas and Reddy Balram

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$142,000
Interest Rate
8.26%
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
Ajol Properties Llc $315,000 Alliance Title Corporation
Reddy Properties Llc -- None Available
Reddy Srinivas P -- None Available
Reddy Srinivas -- --
Reddy Srinivas -- Sbi Title Inc
Reddy Srinivas -- --
Reddy Srinivas $177,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Reddy Srinivas $142,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/03/2025 09/03/25 Rented $3,500 +2.9% --
08/04/2025 08/04/25 Under Contract -- -- --
07/29/2025 07/29/25 For Rent $3,400 0.0% --
12/27/2021 12/27/21 Sold $315,000 -4.5% $242 / Sq Ft View Prior Sale
10/29/2021 10/29/21 Pending -- -- --
06/21/2021 06/21/21 For Sale -- -- --
06/08/2021 06/08/21 Pending -- -- --
05/26/2021 05/26/21 Price Changed $329,707 -1.0% $254 / Sq Ft
05/12/2021 05/12/21 Price Changed $333,038 -1.0% $256 / Sq Ft
04/28/2021 04/28/21 Price Changed $336,402 -1.0% $259 / Sq Ft
02/16/2021 02/16/21 For Sale $339,800 -- $261 / 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 $8,765 $41,626 $4,584 $37,042
2024 $8,765 $41,626 $4,584 $37,042
2023 $8,545 $41,545 $3,691 $37,854
2022 $8,545 $41,545 $3,691 $37,854
2021 $7,684 $41,543 $3,690 $37,853
2020 $6,967 $34,379 $2,583 $31,796
2019 $6,807 $37,308 $2,583 $34,725
2018 $6,691 $37,308 $2,583 $34,725
2017 $7,314 $37,351 $2,066 $35,285
2016 $6,981 $37,351 $2,066 $35,285
2015 $6,364 $37,351 $2,066 $35,285
2014 $5,131 $30,225 $1,660 $28,565
2013 $5,019 $30,225 $1,660 $28,565
Source: Public Records

Agents Affiliated with this Home

  • Danielle Dowell

    Landlord's Agent in 2025

    Danielle Dowell

    Berkshire Hathaway HomeServices Chicago

    (312) 391-5655

    8 in this area

    590 Total Sales

    Danielle Dowell
    Section Image

  • T

    Landlord's Co-Listing Agent in 2025

    Tanner Peterson

    Berkshire Hathaway HomeServices Chicago

    (402) 216-8310

    59 Total Sales

    Tanner Peterson
    Section Image
  • Mary Wilson

    Tenant's Agent in 2025

    Mary Wilson

    Compass

    (630) 917-0376

    59 Total Sales

    Mary Wilson
    Section Image
  • Judy Panozzo

    Seller's Agent in 2021

    Judy Panozzo

    Real People Realty

    (708) 955-5615

    1 in this area

    73 Total Sales

    Judy Panozzo
    Section Image
  • Matt Laricy

    Buyer's Agent in 2021

    Matt Laricy

    Americorp, Ltd

    (708) 250-2696

    52 in this area

    2,550 Total Sales

    Matt Laricy
    Section Image
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About This Building

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12424176

Midwest Real Estate Data (MRED)

APN: 17-03-220-020-1215

Illinois Cook County Chicago 60611 Magnificent Mile

175 E Delaware Place Unit 5501, Chicago, IL

Not Listed for Sale

Condos

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) Based on information submitted to the MLS GRID. 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.
Based on information submitted to the MLS GRID

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