180 E Pearson St Unit 5201 Chicago, IL 60611
Magnificent Mile NeighborhoodEstimated payment $16,403/month
Highlights
- Doorman
- Fitness Center
- Wood Flooring
- Water Views
- Property is near a park
- 1-minute walk to Jane Byrne Plaza
About This Home
Don't miss this impeccably reimagined residence, gutted to concrete slabs and converted to an architect-redesigned floorplan with increased usable area, optimized flow, and maximized lake, year-round sunset and "carpet of lights" city views from every room, capped off with premium finishes selected by a Five-Diamond Four Seasons Hotels designer. This is a true three-bedroom, three-bathroom residence, replete with storage space & each bedroom offering a private en-suite full bath adorned in marble, enhanced by computer-controlled radiant heated flooring and computerized Toto washlets for elevated comfort for you and your guests. The original ceiling-based heating system has been removed from all rooms and replaced with state-of-the-art Runtal radiant heaters. The expansive master suite features dual walk-in closets and a lavish, spa-inspired bath featuring a deep soaking chromatherapy jetted tub, oversized rain shower with integrated, lighted fogless mirror, Bowers & Wilkins speaker system, heated towel bar and floor-to-ceiling marble finishes for a truly indulgent retreat. The chef's kitchen is a functional culinary showpiece, outfitted with top-of-the-line Miele appliances, including an induction cooktop, combi-steam oven, warming drawer, dual dishwashers, downdraft system, and 48" Sub-Zero refrigerator. Custom built cabinetry is complemented by a spacious walk-in pantry with generous storage. Both the kitchen and laundry room feature sleek quartz countertops for effortless maintenance. The laundry area features Electrolux appliances, includes generous storage, and the exceptionally rare convenience of an in-unit trash chute. Enjoy an open-concept layout enhanced by thoughtfully placed pocket doors providing flexible separation without compromising space or flow. Computer-controlled motorized shades & sheers, capable of synchronizing with sunrise and sunsets, rare 9-foot ceilings in a building with such an ultra-prime location, and wide-plank 6-inch white oak flooring underscore the residence's elevated, design-forward aesthetic. This residence is outfitted with Cat 6 wiring throughout for maximum network reliability & speed, hospital-grade electrical outlets and leading-edge Insteon home automation systems. Indulge in resort-style living with direct access to the on-site Ritz Carlton Club fitness center, pool and spa, with in-unit room service available at the touch of a button for those times when you don't feel like cooking or going out at all. An on-site, heated private garage, completely separate from public parking areas, with self and valet parking options (EV charging options available), make winters melt away. Pets are welcome in this building, with the added perk of a dog park located 1 block away. Last but not least, due to the very strong association reserve, The Residences at Water Tower enjoys impressively low assessments for a property of this caliber. Also available turnkey furnished.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $29,746
Year Built
- Built in 1975 | Remodeled in 2016
HOA Fees
- $2,041 Monthly HOA Fees
Parking
- 2 Car Garage
- Driveway
Home Design
- Entry on the 52nd floor
Interior Spaces
- 2,754 Sq Ft Home
- Bookcases
- Historic or Period Millwork
- Blinds
- Pocket Doors
- Entrance Foyer
- Family Room
- Combination Dining and Living Room
- Storage Room
- Water Views
Kitchen
- Breakfast Bar
- Double Oven
- Electric Oven
- Electric Cooktop
- Down Draft Cooktop
- Microwave
- High End Refrigerator
- Freezer
- Dishwasher
- Wine Refrigerator
- Disposal
Flooring
- Wood
- Carpet
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Potential Bedrooms
- Walk-In Closet
- 3 Full Bathrooms
- Bidet
- Dual Sinks
- Whirlpool Bathtub
- Separate Shower
Laundry
- Laundry Room
- Dryer
- Washer
Location
- Property is near a park
Schools
- Ogden Elementary
Utilities
- Forced Air Heating and Cooling System
- Lake Michigan Water
Listing and Financial Details
- Homeowner Tax Exemptions
Community Details
Overview
- Association fees include air conditioning, water, insurance, doorman, tv/cable, exterior maintenance, snow removal, internet
- 260 Units
- Mitchell Rose Association, Phone Number (312) 337-5304
- Property managed by First Service Residential
- 73-Story Property
Amenities
- Doorman
- Valet Parking
- Restaurant
- Elevator
- Service Elevator
- Lobby
- Package Room
- Community Storage Space
Recreation
- Fitness Center
- Community Indoor Pool
- Park
- Bike Trail
Pet Policy
- Dogs and Cats Allowed
Security
- Resident Manager or Management On Site
Map
Home Values in the Area
Average Home Value in this Area
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 | $29,746 | $129,207 | $8,903 | $120,304 |
| 2023 | $28,976 | $144,300 | $7,217 | $137,083 |
| 2022 | $28,976 | $144,300 | $7,217 | $137,083 |
| 2021 | $28,347 | $144,298 | $7,216 | $137,082 |
| 2020 | $25,451 | $117,350 | $5,017 | $112,333 |
| 2019 | $24,896 | $127,344 | $5,017 | $122,327 |
| 2018 | $24,476 | $127,344 | $5,017 | $122,327 |
| 2017 | $22,619 | $105,071 | $4,014 | $101,057 |
| 2016 | $21,045 | $105,071 | $4,014 | $101,057 |
| 2015 | $19,254 | $105,071 | $4,014 | $101,057 |
| 2014 | $16,945 | $91,330 | $3,225 | $88,105 |
| 2013 | $17,555 | $96,522 | $3,225 | $93,297 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/09/2025 09/09/25 | Price Changed | $2,250,000 | -4.3% | $817 / Sq Ft |
| 07/18/2025 07/18/25 | For Sale | $2,350,000 | +123.8% | $853 / Sq Ft |
| 01/22/2015 01/22/15 | Sold | $1,050,000 | -4.1% | $381 / Sq Ft |
| 11/24/2014 11/24/14 | Pending | -- | -- | -- |
| 11/11/2014 11/11/14 | Price Changed | $1,095,000 | -8.4% | $398 / Sq Ft |
| 10/10/2014 10/10/14 | Price Changed | $1,195,000 | -7.7% | $434 / Sq Ft |
| 09/02/2014 09/02/14 | For Sale | $1,295,000 | -- | $470 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | Ct | |
| Warranty Deed | $1,050,000 | Ct | |
| Interfamily Deed Transfer | -- | None Available | |
| Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,499,000 | Adjustable Rate Mortgage/ARM | |
| Closed | $787,500 | Adjustable Rate Mortgage/ARM | |
| Previous Owner | $750,000 | Stand Alone First |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12391141
APN: 17-03-226-065-1134
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