NOT LISTED FOR SALE

180 E Pearson St Unit 4307 Chicago, IL 60611

Magnificent Mile Neighborhood

Estimated Value: $1,045,000 - $1,339,871

3 Beds
3.5 Baths
2,754 Sq Ft
$2,085/mo HOA Fee

Last Sold January 31, 2025

Last sale price $985,000 $358 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $10,477/month

73 Days on Market

Highlights

  • Doorman
  • Fitness Center
  • Property is near park
  • Steam Room
  • Lock-and-Leave Community
  • 1-minute walk to Jane Byrne Plaza

About This Home

As of January 2025

Welcome to this stunning corner unit featuring coveted southeastern exposure that captures breathtaking views of the city and Lake Michigan. This meticulously maintained residence has been thoughtfully updated throughout ownership, ensuring modern comforts and elegance. As you enter the home through a beautiful foyer-approximately twenty-four feet long-you'll find the perfect spot to showcase your favorite art pieces. The stunning herringbone ash floors set a sophisticated tone, while the desirable layout enhances the home's functionality. The spacious floor plan includes generously sized rooms, a full kitchen complete with a pantry, and a dedicated laundry room. The primary bedroom boasts his and hers walk-in closets along with separate bathrooms, offering both luxury and convenience. The versatile third bedroom/den is perfect for entertaining or can easily be converted back to a full bedroom. Each room includes custom built-ins, optimizing space for your needs. The kitchen features an island that flows seamlessly into the grand dining room, providing a fantastic space for family gatherings while you enjoy stunning sunset views. From this unit, take in panoramic vistas of the skyline to the west and picturesque lake and Navy Pier views to the east. This exceptional home spans over 2,700 sq ft and is an opportunity to customize your living space to your specifications within a building renowned for its luxury and exceptional service. The Water Tower Condominiums are among the finest constructed in Streeterville, designed by a collaboration of two prestigious Chicago architectural firms and built with fire-resistant materials. Enjoy summer offerings such as a weekly farmer's market, concerts at the Museum of Contemporary Art, and a short walk to the beach, as well as a variety of fabulous nearby restaurants. Recently, the building completed an exquisite $4.5 million common hallway renovation without a special assessment, enhancing the overall ambiance. Residing above the exclusive Ritz Carlton Hotel, you'll have access to a wealth of amenities including concierge services, room service, spa, fitness center, and an indoor pool-relishing a resort-like living experience every day. On-site valet or self-parking options are available for residents and their guests. Dogs are also welcome! Condominium amenities include a service-oriented door staff and concierge, room service from the 5-star Ritz Carlton Hotel, and exclusive membership options for the Carlton Club, which features a spa, fitness center, private dining, and direct access to restaurants and shopping at Water Tower Place. With reserves totaling $25 million, this is more than just a home-it's a lifestyle waiting for you to embrace.

Last Agent to Sell the Property

Carla Walker

@properties Christie's International Real Estate License #471005479 Listed on: 11/01/2024

@properties Christie's International Real Estate

Co-Listed By

Jimmie Walker

@properties Christie's International Real Estate License #475144303

Last Buyer's Agent

Luke Sandler

@properties Christie's International Real Estate License #475192070

@properties Christie's International Real Estate

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $29,845

Year Built

  • Built in 1975

Lot Details

  • 1.77

HOA Fees

  • $2,085 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Garage ceiling height seven feet or more
  • Leased Parking
  • Heated Garage
  • Garage Transmitter
  • Driveway

Home Design

  • Marble or Granite Building Materials

Interior Spaces

  • 2,754 Sq Ft Home
  • Built-In Features
  • Bookcases
  • Dry Bar
  • Center Hall Plan
  • Entrance Foyer
  • Family Room
  • Living Room
  • Formal Dining Room
  • Storage

Kitchen

  • Built-In Double Oven
  • Cooktop
  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Partially Carpeted
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms
  • Walk-In Closet
  • Soaking Tub
  • Separate Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

Location

  • Property is near park

Schools

  • Ogden Elementary

Utilities

  • Zoned Heating and Cooling System
  • Radiant Heating System
  • 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, exterior maintenance, scavenger, snow removal, internet
  • 260 Units
  • Mitchell Rose Association, Phone Number (312) 337-5303
  • High-Rise Condominium
  • Water Tower Residences Subdivision
  • Property managed by FIRST SERVICE RESIDENTIAL
  • Lock-and-Leave Community
  • 74-Story Property

Amenities

  • Doorman
  • Valet Parking
  • Restaurant
  • Steam Room
  • Sauna
  • Business Center
  • Service Elevator
  • Package Room
  • Community Storage Space
  • Elevator

Recreation

  • Fitness Center
  • Community Indoor Pool
  • Bike Trail

Pet Policy

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

Security

  • Resident Manager or Management On Site
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$29,845

Year Built

Built in 1975

Lot Details

0

HOA Fees

$2,085 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: Condo,High Rise (7+ Stories)
  • Ownership: Condo
  • New Construction: No
  • Property Sub-Type: Condo,High Rise (7+ Stories)
  • Subdivision Name: Water Tower Residences
  • Year Built: 1975
  • Age: 41-50 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Unit Floor Level: 43
  • Actual Status: Closed
  • ResoPropertyType: Residential
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 74

Interior Features

  • Appliances: Double Oven, Dishwasher, Refrigerator, Washer, Dryer, Disposal, Cooktop, Built-In Oven
  • Basement: None
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bathrooms: 4
  • Total Bedrooms: 3
  • Interior Amenities: Bar-Dry, Elevator, Laundry Hook-Up in Unit, Storage, Built-in Features, Walk-In Closet(s), Bookcases, Center Hall Plan, Some Carpeting, Doorman, Granite Counters, Separate Dining Room, Pantry
  • LivingArea: 2754
  • Other Equipment: TV-Cable, Fire Sprinklers
  • Room Type: Foyer
  • Stories Total: 74
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: None
  • Bathroom Amenities: Separate Shower,Soaking Tub
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Separate
  • Total Sq Ft: 0
  • Flooring: Carpet
  • ResoLivingAreaSource: Builder

Exterior Features

  • Lot Features: Park Adjacent
  • Waterfront: No
  • Exterior Building Type: Marble/Granite

Garage/Parking

  • Garage Spaces: 2
  • ParkingTotal: 2
  • Driveway: Concrete
  • Garage Details: Transmitter(s),Heated,7 Foot or more high garage door
  • 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, Radiant, Zoned
  • Laundry Features: Electric Dryer Hookup, In Unit
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK, Number Limit
  • Association Fee: 2085
  • Association Amenities: Bike Room/Bike Trails, Door Person, Elevator(s), Storage, Health Club, On Site Manager/Engineer, Indoor Pool, Receiving Room, Restaurant, Sauna, Security Door Lock(s), Service Elevator(s), Steam Room, Valet/Cleaner, Business Center
  • 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: Mitchell Rose
  • Management Phone: 312-337-5303
  • ResoAssociationFeeFrequency: Monthly

Fee Information

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

Schools

  • Elementary School: Ogden Elementary
  • Middle/Junior School: Ogden Elementary

Lot Info

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

Rental Info

  • Lease Amount: 405
  • Board Number: 8
  • Pets Allowed (Y/N): Yes
  • Is Parking Included in Price: No
  • Max Pet Weight: 999

Tax Info

  • Tax Annual Amount: 29844.87
  • Tax Year: 2023
  • Tax Exemptions: Homeowner,Senior

Multi Family

  • Units in Building: 260

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 1, 2024
Closed on
Jan 30, 2025
Sold by
Norman R Wechter Revocable Trust and Harriet B Wechter Revocable Trust
Bought by
Lubeznik Jack Steven and Becerra Nora Estefania
Seller's Agent
Carla Walker
@properties Christie's International Real Estate
Buyer's Agent
Luke Sandler
@properties Christie's International Real Estate
List Price
$1,100,000
Sold Price
$985,000
Premium/Discount to List
-$115,000
-10.45%
Views
44
Current Estimated Value
$1,134,968

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$149,968
Avg. Annual Appreciation
15.23%
Original Mortgage
$485,000
Outstanding Balance
$480,919
Interest Rate
7%
Mortgage Type
New Conventional
Estimated Equity
$654,050

Purchase Details

Closed on
Jul 10, 2018
Sold by
Wechter Harriet B
Bought by
Wechter Harriet B and Harriet B Wechter Revocable Trust

Purchase Details

Closed on
Jan 31, 2012
Sold by
Wechter Norman R and Wechter Harriet B
Bought by
Wechter Norman R and Wechter Harriet B
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
Lubeznik Jack Steven $985,000 None Listed On Document
Wechter Harriet B -- None Available
Wechter Harriet B -- Attorney
Wechter Norman R -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lubeznik Jack Steven $485,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/31/2025 01/31/25 Sold $985,000 0.0% $358 / Sq Ft
01/13/2025 01/13/25 Pending -- -- --
11/18/2024 11/18/24 Price Changed $985,000 -10.5% $358 / Sq Ft
11/01/2024 11/01/24 For Sale $1,100,000 -- $399 / 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 $29,845 $131,953 $9,092 $122,861
2024 $29,845 $131,953 $9,092 $122,861
2023 $29,055 $147,421 $7,371 $140,050
2022 $29,055 $147,421 $7,371 $140,050
2021 $28,439 $147,419 $7,370 $140,049
2020 $25,454 $119,844 $5,124 $114,720
2019 $24,888 $130,050 $5,124 $124,926
2018 $25,689 $130,050 $5,124 $124,926
2017 $21,791 $107,304 $4,099 $103,205
2016 $21,492 $107,304 $4,099 $103,205
2015 $18,839 $107,304 $4,099 $103,205
2014 $16,488 $93,271 $3,294 $89,977
2013 $17,108 $98,574 $3,294 $95,280
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12201410

Midwest Real Estate Data (MRED)

APN: 17-03-226-065-1077