NOT LISTED FOR SALE

180 E Pearson St Unit 4503 Chicago, IL 60611

Magnificent Mile Neighborhood

Estimated Value: $902,582 - $970,000

2 Beds
2 Baths
1,775 Sq Ft
1975 Built

Sale Details

Date Sold: July 24, 2025

Last sale price $860,000 $485 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $7,909 / mo

49 Days on Market

Highlights

  • Doorman
  • Fitness Center
  • Wood Flooring
  • Water Views
  • Lock-and-Leave Community
  • 1-minute walk to Jane Byrne Plaza

About This Home

As of July 2025

Welcome to your dream home at the Water Tower! This beautifully appointed 2-bedroom condo boasts stunning lake views from every room, with the luxury of the attached Ritz-Carlton at your fingertips. The open-concept layout is perfect for both relaxing and entertaining, with tons of natural light and hardwood floors throughout, creating a warm and inviting atmosphere. Step into a chef's paradise with custom kitchen cabinets that offer ample storage and style. The kitchen is open to the dining and living space, perfect for entertaining with a built-in wet bar and wine fridge. Off of the living space is a light-filled second bedroom that doubles as an office with French doors and ample built-ins. Indulge in a luxurious primary bedroom featuring lake views, a spacious walk-in closet, and large bathroom with a steam shower, tub, and sauna. A walk-in laundry room and second full bathroom complete the space. Experience luxury living in this exceptional residence located above the newly renovated Ritz Carlton Hotel. Enjoy unparalleled amenities, including concierge services, room service, an indoor pool, a spa, and fitness facilities, making every day feel like a resort getaway. Residents and their guests benefit from convenient valet and self-parking options, and dogs are welcome. This home truly elevates your lifestyle with direct access to The Carlton Club and all the coveted comforts of upscale living.Don't miss the opportunity to make this lakefront retreat your own.

Last Agent to Sell the Property

Dawn McKenna

Coldwell Banker Realty License #475122904 Listed on: 04/22/2025

Coldwell Banker Realty

Last Buyer's Agent

Tyler Stallings

Corcoran Urban Real Estate License #475173020

Corcoran Urban Real Estate

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $18,267

Year Built

  • Built in 1975

HOA Fees

  • $1,225 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Leased Parking
  • Heated Garage

Home Design

  • Entry on the 45th floor
  • Marble or Granite Building Materials

Interior Spaces

  • 1,775 Sq Ft Home
  • Entrance Foyer
  • Family Room
  • Living Room
  • Formal Dining Room
  • Wood Flooring
  • Water Views

Kitchen

  • Range
  • Microwave
  • Freezer
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms
  • 2 Full Bathrooms
  • Dual Sinks
  • Whirlpool Bathtub
  • Steam Shower
  • Separate Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Radiant Heating System
  • Lake Michigan Water

Community Details

Overview

  • Association fees include heat, air conditioning, water, doorman, tv/cable, exterior maintenance, scavenger, snow removal
  • 260 Units
  • Zack Saponaro Association, Phone Number (312) 337-5303
  • High-Rise Community
  • Water Tower Residences Subdivision
  • Property managed by First Service Residential
  • Lock-and-Leave Community
  • 74-Story Property

Amenities

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

Recreation

  • Fitness Center
  • Community Indoor Pool

Pet Policy

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

Security

  • Resident Manager or Management On Site

Property Details

Home Type

Condominium

Est. Annual Taxes

$18,267

Year Built

Built in 1975

Lot Details

0 Sq Ft Lot

HOA Fees

$1,225 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: Condo,High Rise (7+ Stories)
  • Ownership: Condo
  • EntryLevel: 45
  • 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
  • Actual Status: Closed
  • SomePhotosVirtuallyStaged: No
  • MRD_WaterViewYN: Yes
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 74

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Freezer, Washer, Dryer, Disposal
  • Basement: None
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 2
  • LivingArea: 1775
  • Room Type: Foyer
  • Stories Total: 74
  • Estimated Total Finished Sq Ft: 0
  • Bathroom Amenities: Whirlpool,Separate Shower,Steam Shower,Double Sink
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Separate
  • Total Sq Ft: 0
  • Flooring: Hardwood

Exterior Features

  • Construction Materials: Glass, Marble/Granite
  • Waterfront: No

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Heated Garage, On Site, Leased, Attached, Garage
  • ParkingTotal: 2

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air, Zoned
  • Electric: Circuit Breakers
  • Heating: Radiant, Zoned
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK, Number Limit
  • Association Fee: 1225
  • Association Amenities: Door Person, Elevator(s), Storage, Health Club, On Site Manager/Engineer, Indoor Pool, Receiving Room, Restaurant, Sauna, Security Door Lock(s), Service Elevator(s), Valet/Cleaner
  • Association Fee Frequency: Monthly
  • Management: Manager On-site
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: First Service Residential
  • Management Contact Name: Zack Saponaro
  • Management Phone: 312-337-5303

Fee Information

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

Lot Info

  • Lot Dimensions: COMMON
  • Special Assessments: N

Rental Info

  • Lease Amount: 420
  • Board Number: 8
  • Pets Allowed (Y/N): Yes
  • Is Parking Included in Price: No
  • Max Pet Weight: 999

Tax Info

  • Tax Annual Amount: 18267.3
  • Tax Year: 2023
  • Tax Exemptions: None

Multi Family

  • Units in Building: 260

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
Apr 22, 2025
Closed on
Jul 15, 2025
Sold by
Bought by
Seller's Agent
Dawn McKenna
Coldwell Banker Realty
Buyer's Agent
Tyler Stallings
Corcoran Urban Real Estate
List Price
$949,000
Sold Price
$860,000
Premium/Discount to List
-$89,000
-9.38%
Views
24
Current Estimated Value
$940,146

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$80,146
Avg. Annual Appreciation
9.13%

Purchase Details

Closed on
Feb 20, 2023
Sold by
Bought by

Purchase Details

Closed on
Aug 23, 2007
Sold by
Bought by

Purchase Details

Closed on
May 31, 1994
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
$860,000 Old Republic National Title In
-- None Listed On Document
$1,100,000 Attorneys Title Guaranty Fun
$525,000 --
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
07/24/2025 07/24/25 Sold $860,000 -9.4% $485 / Sq Ft
06/10/2025 06/10/25 Pending -- -- --
04/22/2025 04/22/25 For Sale $949,000 -- $535 / 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 $18,267 $77,523 $5,342 $72,181
2024 $18,267 $77,523 $5,342 $72,181
2023 $17,808 $86,580 $4,330 $82,250
2022 $17,808 $86,580 $4,330 $82,250
2021 $17,410 $86,579 $4,330 $82,249
2020 $15,685 $70,408 $3,010 $67,398
2019 $15,351 $76,404 $3,010 $73,394
2018 $15,092 $76,404 $3,010 $73,394
2017 $13,571 $63,041 $2,408 $60,633
2016 $12,626 $63,041 $2,408 $60,633
2015 $11,552 $63,041 $2,408 $60,633
2014 $10,167 $54,797 $1,935 $52,862
2013 $10,533 $57,912 $1,935 $55,977
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12344785

Midwest Real Estate Data (MRED)

APN: 17-03-226-065-1087

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