NOT LISTED FOR SALE

180 E Pearson St Unit 7201 Chicago, IL 60611

Magnificent Mile Neighborhood

Estimated Value: $1,394,000 - $1,809,000

3 Beds
2.5 Baths
2,754 Sq Ft
77,232 Sq Ft Lot

Sale Details

Date Sold: August 20, 2024

Last sale price $1,400,000 $508 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $13,450 / mo

55 Days on Market

Highlights

  • Doorman
  • Fitness Center
  • Open Floorplan
  • Steam Room
  • Penthouse
  • 1-minute walk to Jane Byrne Plaza

About This Home

As of August 2024

PENTHOUSE LEVEL - one-of-a-kind - 72nd floor corner residence at luxurious Water Tower offers this exceptional- north and west facing - 2754 square foot - 3 bedroom, 2.5 bath residence featuring postcard views from oversized windows that frame sweeping and eye popping panoramas from Lake Michigan to the north, magical sunsets and unforgettable night time views of the City Skyline out to O'Hare Airport. Spectacular, wide open, renovated, RECONFIGURED spacious floor plan offers enormous room sizes for gracious living and easy entertaining. Large foyer, dining room, great room, oversized eat in kitchen all with views, views views, primary suite with enormous spa style bathroom and large walk in closet, laundry room with side by side washer/dryer and in-unit trash chute, and lots of storage are just some of the features which make this home perfect for you! And living above the - newly renovated - exclusive Ritz Carlton Hotel offers all the coveted amenities- concierge, room service, spa, fitness, indoor pool- to offer that resort like living environment, every day. On site valet or self- parking options available to residents and their guests. Dogs welcome too!

Last Agent to Sell the Property

Michael Rosenblum

Berkshire Hathaway HomeServices Chicago License #471004934 Listed on: 05/30/2024

Berkshire Hathaway HomeServices Chicago

Last Buyer's Agent

Danielle Dowell

Berkshire Hathaway HomeServices Chicago License #475125415

Berkshire Hathaway HomeServices Chicago

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $30,001

Year Built

  • Built in 1975

Lot Details

  • 1.77

HOA Fees

  • $2,063 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Leased Parking
  • Heated Garage

Home Design

  • Penthouse
  • Marble or Granite Building Materials

Interior Spaces

  • 2,754 Sq Ft Home
  • Open Floorplan
  • Ceiling height of 9 feet or more
  • Entrance Foyer
  • Formal Dining Room
  • Storage
  • Wood Flooring

Kitchen

  • Range with Range Hood
  • Microwave
  • Freezer
  • Dishwasher
  • Stainless Steel Appliances
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms
  • Walk-In Closet
  • Dual Sinks
  • Whirlpool Bathtub
  • Separate Shower

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Home Security

Location

  • Property is near park

Schools

  • Ogden International Elementary And Middle School

Utilities

  • Central Air
  • Radiant Heating System
  • Lake Michigan Water
  • Cable TV Available

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 Community
  • Property managed by FIRST SERVICE RESIDENTIAL
  • Lock-and-Leave Community
  • 73-Story Property

Amenities

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

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

$30,001

Year Built

Built in 1975

Lot Details

1.77 Acres

HOA Fees

$2,063 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: Condo,High Rise (7+ Stories),Penthouse
  • Ownership: Condo
  • New Construction: No
  • Property Sub-Type: Condo,High Rise (7+ Stories),Penthouse
  • 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: 72
  • Actual Status: Closed
  • ResoPropertyType: Residential
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 73

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Freezer, Washer, Dryer, Disposal, Stainless Steel Appliance(s), Range Hood
  • Basement: None
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3
  • Total Bedrooms: 3
  • Interior Amenities: Hardwood Floors, First Floor Laundry, Storage, Walk-In Closet(s), Ceilings - 9 Foot, Open Floorplan
  • LivingArea: 2754
  • Other Equipment: TV-Cable, Fire Sprinklers
  • Room Type: Foyer, Walk In Closet
  • Stories Total: 73
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: None
  • Bathroom Amenities: Whirlpool,Separate Shower,Double Sink
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Separate
  • Total Sq Ft: 0
  • ResoLivingAreaSource: Builder

Exterior Features

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

Garage/Parking

  • Garage Spaces: 2
  • ParkingTotal: 2
  • Garage Details: Heated
  • 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
  • Laundry Features: Electric Dryer Hookup, In Unit
  • Water Source: Lake Michigan, Public

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK, Number Limit
  • Association Fee: 2063
  • Association Amenities: Bike Room/Bike Trails, Door Person, Elevator(s), Exercise Room, Storage, Health Club, On Site Manager/Engineer, Indoor Pool, Receiving Room, Restaurant, 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 International
  • Middle/Junior School: Ogden International

Lot Info

  • Lot Dimensions: COMMON
  • 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: 30000.62
  • Tax Year: 2022
  • Tax Exemptions: None

Multi Family

  • Units in Building: 260

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 30, 2024
Closed on
Aug 16, 2024
Sold by
Esformes Sherri
Bought by
180 E Pearson 7201-7207 Llc
Seller's Agent
Michael Rosenblum
Berkshire Hathaway HomeServices Chicago
Buyer's Agent
Danielle Dowell
Berkshire Hathaway HomeServices Chicago
List Price
$1,497,747
Sold Price
$1,400,000
Premium/Discount to List
-$97,747
-6.53%
Views
3
Current Estimated Value
$1,652,611

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$252,611
Avg. Annual Appreciation
10.71%

Purchase Details

Closed on
Mar 17, 2005
Sold by
Holm Arthur H
Bought by
Esformes Sherri

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,650,000
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 16, 2004
Sold by
Holm Arthur H and Holm Denise M
Bought by
Holm Arthur H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Interest Rate
3.78%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 18, 2000
Sold by
Erickson Irma A and Irma A Erickson Trust
Bought by
Holm Arthur H and Holm Denise M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$982,500
Interest Rate
8.29%

Purchase Details

Closed on
Jul 29, 1997
Sold by
Erickson Irma A and Irma A Erickson Trust
Bought by
Erickson Irma A and Irma A Erickson Trust
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
180 E Pearson 7201-7207 Llc $1,400,000 None Listed On Document
Esformes Sherri $2,200,000 Freedom Title Corp
Holm Arthur H -- Premier Title
Holm Arthur H $1,310,000 --
Erickson Irma A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Esformes Sherri $1,650,000
Previous Owner Holm Arthur H $1,500,000
Previous Owner Holm Arthur H $982,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/20/2024 08/20/24 Sold $1,400,000 -6.5% $508 / Sq Ft
07/25/2024 07/25/24 Pending -- -- --
05/30/2024 05/30/24 For Sale $1,497,747 -- $544 / 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 $30,775 $130,548 $8,996 $121,552
2024 $30,775 $130,548 $8,996 $121,552
2023 $30,001 $145,860 $7,292 $138,568
2022 $30,001 $145,860 $7,292 $138,568
2021 $29,331 $145,859 $7,291 $138,568
2020 $26,413 $118,567 $5,069 $113,498
2019 $25,850 $128,664 $5,069 $123,595
2018 $25,415 $128,664 $5,069 $123,595
2017 $22,853 $106,160 $4,055 $102,105
2016 $21,263 $106,160 $4,055 $102,105
2015 $19,453 $106,160 $4,055 $102,105
2014 $17,121 $92,278 $3,259 $89,019
2013 $17,737 $97,524 $3,259 $94,265
Source: Public Records

Agents Affiliated with this Home

  • Michael Rosenblum

    Seller's Agent in 2024

    Michael Rosenblum

    Berkshire Hathaway HomeServices Chicago

    (312) 286-1634

    70 in this area

    187 Total Sales

    Michael Rosenblum
    Section Image
  • Danielle Dowell

    Buyer's Agent in 2024

    Danielle Dowell

    Berkshire Hathaway HomeServices Chicago

    (312) 391-5655

    8 in this area

    590 Total Sales

    Danielle Dowell
    Section Image

  • J

    Buyer Co-Listing Agent in 2024

    Johna Peterson

    Berkshire Hathaway HomeServices Chicago

    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12065066

Midwest Real Estate Data (MRED)

APN: 17-03-226-065-1256

Illinois Cook County Chicago 60611 Magnificent Mile

180 E Pearson St Unit 7201, 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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