NOT LISTED FOR SALE

180 E Pearson St Unit 5601 Chicago, IL 60611

Streeterville Neighborhood

Estimated Value: $1,979,000 - $2,105,000

3 Beds
3 Baths
3,301 Sq Ft
$3,009/mo HOA Fee

Last Sold July 16, 2019

Last sale price $2,500,000 $757 Per Sq Ft

Est. 19% decrease in value since last sale

Current estimated payment $17,354/month

144 Days on Market

Highlights

  • Lake Front
  • Double Shower
  • Built-In Double Oven
  • Heated Floors
  • Den
  • 1-minute walk to Jane Byrne Plaza

About This Home

As of July 2019

This stunning corner home offers forever views of Lake Michigan and the expansive city skyline to the north, west, and south, with gorgeous sunsets and incredible views of the lake, Lake Shore Drive and park to the north... the city in all its splendor. A gorgeous, full renovation with the finest materials and fixtures, state-of-the-art technology, and precise attention to detail, with gracious living spaces; three luxurious bedroom suites; sleek, spa-like master bath; extraordinary kitchen; state-of-the-art technology and luxurious custom appointments throughout. Never leave the building to enjoy the AAA+ amenities of the Ritz Carlton and building amenities: concierge, attentive 24-hour door staff, fitness center, pool, room service, valet parking. Luxury and style collide.

Last Agent to Sell the Property

Debra Dobbs

Compass License #475094099 Listed on: 01/25/2019

Compass

Last Buyer's Agent

Tim Salm

Jameson Sotheby's Intl Realty License #475133721

Jameson Sotheby's Intl Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $37,206

Year Built | Renovated

  • 1975 | 2018

Lot Details

  • Lake Front
  • East or West Exposure

HOA Fees

  • $3,009 per month

Parking

  • Attached Garage
  • Garage ceiling height seven feet or more
  • Heated Garage

Home Design

  • Marble or Granite Building Materials

Interior Spaces

  • Wet Bar
  • Built-In Features
  • Bar Fridge
  • Entrance Foyer
  • Den
  • Storage Room

Kitchen

  • Breakfast Bar
  • Built-In Double Oven
  • Cooktop<<rangeHoodToken>>
  • <<microwave>>
  • High End Refrigerator
  • Bar Refrigerator
  • Freezer
  • Dishwasher
  • Wine Cooler
  • Stainless Steel Appliances
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Heated Floors

Bedrooms and Bathrooms

  • Walk-In Closet
  • Primary Bathroom is a Full Bathroom
  • Dual Sinks
  • Soaking Tub
  • Double Shower
  • Steam Shower
  • Shower Body Spray
  • Separate Shower

Laundry

  • Dryer
  • Washer

Eco-Friendly Details

  • North or South Exposure

Location

  • Property is near a bus stop
  • City Lot

Utilities

  • Central Air
  • Heating Available
  • Lake Michigan Water

Community Details

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$37,206

Year Built | Renovated

1975 | 2018

Lot Details

0

HOA Fees

$3,009 per month

Parking

2

Listing Details

  • Property Type: Attached Single
  • Built Before 1978 (Y/N): Yes
  • General Information: Commuter Bus, Commuter Train
  • Recent Rehab: Yes
  • Unit Floor Level: 56
  • Age: 41-50 Years
  • Full Bathrooms: 3
  • Number Interior Fireplaces: 1
  • Ownership: Condo
  • Rebuilt(yn): Yes
  • Rebuilt Year: 2018
  • Rehab Year: 2018
  • Total Full or Half Bathrooms: 3
  • Total Sq Ft: 3301
  • Estimated Year Built: 1975
  • Type Attached: Condo
  • Total Sq Ft: 3301
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 74
  • Year Built: 1975
  • Year Renovated: 2018

Interior Features

  • Interior Property Features: Bar-Wet, Hardwood Floors, Heated Floors, Storage, Built-in Features, Walk-In Closet(s)
  • Number Of Rooms: 8
  • Living Room: Dimensions: 12X13, On Level: Main Level, Flooring: Hardwood, Windows: Blinds
  • Appliances: Oven-Double, Microwave, Dishwasher, High End Refrigerator, Refrigerator-Bar, Freezer, Washer, Dryer, Disposal, All Stainless Steel Kitchen Appliances, Wine Cooler/Refrigerator, Cooktop, Oven/Built-in
  • Fireplace Location: Family Room
  • Bedrooms All Levels: 3
  • Primary Bedroom Bath: Full
  • Bathroom Amenities: Separate Shower, Steam Shower, Double Sink, Full Body Spray Shower, Double Shower, Soaking Tub
  • Above Grade Bedrooms: 3
  • Laundry: Dimensions: 6X8, On Level: Main Level, Windows: None
  • Dining Room: Dimensions: 12X9, On Level: Main Level, Flooring: Hardwood, Windows: Blinds
  • Kitchen Type: Dimensions: 13X1, On Level: Main Level, Flooring: Hardwood, Windows: Blinds
  • Kitchen Type: Eating Area-Breakfast Bar, Island
  • Additional Rooms: Den, Foyer, Storage, Walk In Closet
  • Master Bedroom: Dimensions: 16X15, On Level: Main Level, Flooring: Hardwood, Windows: Blinds
  • Additional Room 1 Name: Den, Dimensions: 15X15, On Level: Main Level, Flooring: Hardwood, Windows: Blinds
  • Additional Room 2 Name: Foyer, Dimensions: 18X12, On Level: Main Level, Flooring: Hardwood
  • Bedroom 2: Dimensions: 15X12, On Level: Main Level, Flooring: Hardwood, Windows: Blinds
  • Additional Room 3 Name: Storage, Dimensions: 6X7, On Level: Main Level
  • Bedroom 3: Dimensions: 13X12, On Level: Main Level, Flooring: Hardwood, Windows: Blinds
  • Additional Room 4 Name: Walk in Closet, Dimensions: 10X13, On Level: Main Level, Flooring: Hardwood
  • Estimated Sq Ft: 3301
  • Estimated Total Finished Sq Ft: 3301
  • Main Level Sq Ft: 3301
  • Family Room: Dimensions: 16X22, On Level: Main Level, Flooring: Hardwood, Windows: Blinds

Exterior Features

  • Exterior Building Type: Marble/Granite
  • Waterfront: Yes
  • Exposure: N (North), W (West), City, Lake/Water

Garage/Parking

  • Number of Cars: 2
  • Parking: Garage
  • Garage Type: Attached
  • Garage Details: Heated, 7 Foot or more high garage door
  • Garage On Site: Yes
  • Number Garage Spaces: 2
  • Garage Ownership: Fee/Leased

Utilities

  • Electricity: Circuit Breakers
  • Air Conditioner: Central Air
  • Water: Lake Michigan
  • Sewer: Sewer-Storm
  • Heating Fuel: Electric

Condo/Co-op/Association

  • Max Pet Weight: 100
  • Pets Allowed: Yes
  • Fee Frequency: Monthly
  • Management: Manager On-site, Monday through Friday
  • Pet Information: Cats OK, Dogs OK
  • Common Area Amenities: Door Person, Elevator, Storage, On Site Manager/Engineer, Party Room, Pool-Indoors, Receiving Room, Restaurant, Service Elevator
  • Assessment Includes: Water, Common Insurance, Security, Doorman, TV/Cable, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal
  • Assessment Association Fees: 3009
  • Management Contact Name: Jeff Hoosin
  • Management Phone: 312-337-5303

Fee Information

  • Management Company: Lieberman Management Co
  • Lowest Parking Fee: 365
  • Highest Parking Fee: 510
  • Lease Amount: 365

Schools

  • School District: 299
  • Elementary School: Ogden International
  • High School: Wells Community Academy Senior H
  • Junior High Dist: 299

Lot Info

  • Lot Dimensions: COMMON
  • Parcel Identification Number: 17032260651159

Multi Family

  • Total Number Unitsin Building: 260
  • Number Stories: 74

Tax Info

  • Taxes: 25206.87

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 25, 2019
Closed on
Jul 17, 2019
Sold by
180 Ep A Llc
Bought by
180 East Pearson 5601 Llc
Seller's Agent
Debra Dobbs
Compass
Buyer's Agent
Tim Salm
Jameson Sotheby's Intl Realty
List Price
$3,450,000
Sold Price
$2,500,000
Premium/Discount to List
-$950,000
-27.54%
Current Estimated Value
$2,035,891

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$464,109
Avg. Annual Appreciation
-3.38%

Purchase Details

Closed on
Nov 13, 2015
Sold by
Restoration Llc
Bought by
180 Ep A Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,543,750
Interest Rate
3.82%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 10, 2003
Sold by
Cole Taylor Bank
Bought by
Restoration Llc

Purchase Details

Closed on
May 3, 1994
Sold by
Winfrey Oprah G
Bought by
Cole Taylor Bank

Purchase Details

Closed on
Apr 28, 1994
Sold by
American National Bk & Tr Co Of Chicago
Bought by
Winfrey Opral G
Source: Public Records

Range of Values:

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Average Value
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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
180 East Pearson 5601 Llc $3,600,000 Attorney
180 Ep A Llc $1,055,000 Attorney
Restoration Llc -- --
Cole Taylor Bank -- --
Winfrey Opral G $1,000,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 180 Ep A Llc $3,543,750
Previous Owner 180 Ep A Llc $1,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/16/2019 07/16/19 Sold $2,500,000 -15.3% $757 / Sq Ft
06/18/2019 06/18/19 Pending -- -- --
05/02/2019 05/02/19 Price Changed $2,950,000 -14.5% $894 / Sq Ft
01/25/2019 01/25/19 For Sale $3,450,000 -- $1,045 / 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 $37,206 $158,226 $10,903 $147,323
2023 $36,270 $176,342 $8,778 $167,564
2022 $36,270 $176,342 $8,778 $167,564
2021 $35,462 $176,349 $8,838 $167,511
2020 $26,196 $117,594 $5,028 $112,566
2019 $25,638 $127,608 $5,028 $122,580
2018 $25,207 $127,608 $5,028 $122,580
2017 $22,666 $105,289 $4,022 $101,267
2016 $21,088 $105,289 $4,022 $101,267
2015 $19,294 $105,289 $4,022 $101,267
2014 $16,980 $91,520 $3,232 $88,288
2013 $17,591 $96,723 $3,232 $93,491
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10257768

Midwest Real Estate Data (MRED)

APN: 17-03-226-065-1159