NOT LISTED FOR SALE

180 E Pearson St Unit 7207 Chicago, IL 60611

Magnificent Mile Neighborhood

Estimated Value: $2,134,904

3 Beds
3.5 Baths
3,320 Sq Ft
1.77 Acre Lot

Sale Details

Date Sold: June 15, 2023

Last sale price $1,300,000 $392 Per Sq Ft

Est. 64% increase in value since last sale

Current estimated payment $17,956 / mo

95 Days on Market

Highlights

  • Doorman
  • Whirlpool Bathtub
  • Double Oven
  • Marble Flooring
  • Formal Dining Room
  • 1-minute walk to Jane Byrne Plaza

About This Home

As of June 2023

Wonderful opportunity to own a corner penthouse in The Residences at Water Tower. Rarely available top floor southwest corner unit has had longtime owner and is ready for your finishing touches. Customize the unit and enjoy lake, city and sunset views. Unit boasts three en-suite bedrooms and a potential for a fourth bedroom (now the family room). Large living/family/dining rooms complete with a separate bar area in an open-concept floor plan, which lends for ease of entertaining. The kitchen features marble flooring, white cabinetry, eat-in breakfast nook and stainless steel appliances. Primary suite includes gorgeous lake and city views, two walk-in closets and a huge primary bathroom with separate tub and shower. Loads of storage in hallway off the foyer complete with a powder room and in-unit laundry room round out this special home. Luxury amenities include 24 hour door person, on site management, and the World Class Ritz Carlton Hotel. Leased parking available in the building.

Last Agent to Sell the Property

Caroline Chambers

Jameson Sotheby's Intl Realty License #475172777 Listed on: 01/30/2023

Jameson Sotheby's Intl Realty

Co-Listed By

Gwen Farinella

Jameson Sotheby's Intl Realty License #475123251

Last Buyer's Agent

Santiago Valdez

Compass License #475153660

Compass
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Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $37,958

Year Built

  • Built in 1974

Lot Details

  • 1.77

HOA Fees

  • $2,493 Monthly HOA Fees

Home Design

  • Marble or Granite Building Materials

Interior Spaces

  • 3,320 Sq Ft Home
  • Wet Bar
  • Built-In Features
  • Bookcases
  • Bar
  • Shades
  • Blinds
  • Entrance Foyer
  • Family Room
  • Living Room
  • Formal Dining Room

Kitchen

  • Double Oven
  • Dishwasher
  • Stainless Steel Appliances

Flooring

  • Partially Carpeted
  • Marble

Bedrooms and Bathrooms

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

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • Attached Garage
  • Leased Parking
  • Driveway

Schools

  • Ogden Elementary

Utilities

  • Central Air
  • Heating Available
  • Lake Michigan Water

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
  • 72-Story Property

Amenities

  • Doorman
  • Lobby
  • Package Room
  • Elevator

Pet Policy

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

Security

  • On-Site Manager or Management

Property Details

Home Type

Condominium

Est. Annual Taxes

$37,958

Year Built

Built in 1974

Lot Details

1.77 Acres

HOA Fees

$2,493 per month

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)
  • Standard Status: Closed
  • Year Built: 1974
  • Age: 41-50 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: Commuter Bus,Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Unit Floor Level: 72
  • Actual Status: Closed
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 72

Interior Features

  • Appliances: Double Oven, Dishwasher, Refrigerator, Washer, Dryer, Stainless Steel Appliance(s)
  • Basement: None
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bathrooms: 4
  • Total Bedrooms: 3
  • Interior Amenities: Bar-Wet, Elevator, Laundry Hook-Up in Unit, Built-in Features, Walk-In Closet(s), Bookcases, Some Carpeting, Doorman, Drapes/Blinds, Lobby, Separate Dining Room, Some Wall-To-Wall Cp
  • LivingArea: 3320
  • Room Type: Foyer
  • Stories Total: 72
  • Estimated Total Finished Sq Ft: 3320
  • Basement Description: None
  • Bathroom Amenities: Whirlpool,Separate Shower,Double Sink,Bidet
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Separate
  • Total Sq Ft: 3320
  • Window Features: Blinds,Shades
  • Flooring: Carpet
  • ResoLivingAreaSource: Builder

Exterior Features

  • Waterfront: No
  • Exterior Building Type: Marble/Granite

Garage/Parking

  • Number of Cars: 0
  • Driveway: Concrete
  • Garage On-Site: Yes
  • Garage Ownership: Fee/Leased
  • Garage Type: Attached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Electric
  • 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: 2493
  • Association Amenities: Door Person, Elevator(s), On Site Manager/Engineer, Receiving Room
  • Association Fee Frequency: Monthly
  • Management: Manager On-site
  • 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

  • Lot Dimensions: COMMON
  • Rural (Y/N): N
  • Special Assessments: N

Rental Info

  • Lease Amount: 375
  • Board Number: 8
  • Pets Allowed (Y/N): Yes
  • Is Parking Included in Price: No
  • Max Pet Weight: 999

Tax Info

  • Tax Annual Amount: 37957.73
  • Tax Year: 2021
  • 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

Closed on
Aug 20, 2024
Sold by
Kendall Meridian Llc
Bought by
Current Estimated Value
$2,134,904

Purchase Details

Listed on
Jan 30, 2023
Closed on
Jun 6, 2023
Sold by
180 Pearson Llc
Bought by
Kendall Meridian Llc
Seller's Agent
Caroline Chambers
Jameson Sotheby's Intl Realty
Buyer's Agent
Santiago Valdez
Compass
List Price
$1,575,000
Sold Price
$1,300,000
Premium/Discount to List
-$275,000
-17.46%
Views
26

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.33%
Original Mortgage
$1,500,000
Interest Rate
6.35%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 12, 2018
Sold by
Gupta Hem C and Gupta Asha H
Bought by
180 Pearson Llc
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Magnificent Mile, IL

  • Thomas Sillitti Real Estate Agent - Baird & Warner

    Thomas Sillitti

    Baird & Warner

    (877) 719-2753

    20 Total Sales

    1 in Magnificent Mile

    $650,000 Price

    Thomas Sillitti
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  • Pearce Lashmett Real Estate Agent - Jameson Sotheby's Intl Realty

    Pearce Lashmett

    Responds Quickly

    Jameson Sotheby's Intl Realty

    (844) 225-2586

    56 Total Sales

    1 in Magnificent Mile

    $940,000 Price

    Pearce Lashmett
     Section Image
  • Katrina de los Reyes Real Estate Agent - Berkshire Hathaway HomeServices Chicago

    Katrina de los Reyes

    Berkshire Hathaway HomeServices Chicago

    (630) 580-0919

    284 Total Sales

    5 in Magnificent Mile

    $190K - $975K Price Range

    Katrina de los Reyes
     Section Image
  • Gayle Stellas Real Estate Agent - Baird & Warner

    Gayle Stellas

    Baird & Warner

    (630) 626-8270

    72 Total Sales

    2 in Magnificent Mile

    $215K - $250K Price Range

    Gayle Stellas
     Section Image
  • Ken Jungwirth Real Estate Agent - @properties Christie's International Real Estate

    Ken Jungwirth

    @properties Christie's International Real Estate

    (773) 917-1081

    176 Total Sales

    4 in Magnificent Mile

    $879K - $5.5M Price Range

    Ken Jungwirth
     Section Image
  • Armando Chacon Real Estate Agent - Century 21 S.G.R., Inc.

    Armando Chacon

    Responds Quickly

    Century 21 S.G.R., Inc.

    (888) 310-0896

    97 Total Sales

    2 in Magnificent Mile

    $43K - $985K Price Range

    Armando Chacon
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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
$1,950,000 None Listed On Document
Kendall Meridian Llc $1,300,000 Chicago Title
180 Pearson Llc -- None Available
Source: Public Records

Mortgage 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 Status Borrower Loan Amount
Previous Owner -- $1,500,000
Previous Owner Gupta Hem C $1,000,000
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
06/15/2023 06/15/23 Sold $1,300,000 -8.8% $392 / Sq Ft
05/06/2023 05/06/23 Pending -- -- --
04/19/2023 04/19/23 Price Changed $1,425,000 -9.5% $429 / Sq Ft
01/30/2023 01/30/23 For Sale $1,575,000 -- $474 / 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 $39,826 $168,707 $11,625 $157,082
2024 $39,826 $168,707 $11,625 $157,082
2023 $38,824 $188,761 $9,424 $179,337
2022 $38,824 $188,761 $9,424 $179,337
2021 $37,958 $188,759 $9,423 $179,336
2020 $34,134 $153,224 $6,551 $146,673
2019 $33,406 $166,273 $6,551 $159,722
2018 $32,845 $166,273 $6,551 $159,722
2017 $29,533 $137,192 $5,241 $131,951
2016 $27,478 $137,192 $5,241 $131,951
2015 $25,140 $137,192 $5,241 $131,951
2014 $22,125 $119,250 $4,211 $115,039
2013 $22,922 $126,029 $4,211 $121,818
Source: Public Records

Agents Affiliated with this Home

  • Caroline Chambers Real Estate Agent - Jameson Sotheby's Intl Realty

    Seller's Agent in 2023

    Caroline Chambers

    Jameson Sotheby's Intl Realty

    (312) 751-0300

    2 in this area

    52 Total Sales

    Caroline Chambers
    Section Image
  • Gwen Farinella Real Estate Agent - Jameson Sotheby's Intl Realty

    Seller Co-Listing Agent in 2023

    Gwen Farinella

    Jameson Sotheby's Intl Realty

    2 in this area

    26 Total Sales

    Gwen Farinella
    Section Image
  • Santiago Valdez Real Estate Agent - Compass

    Buyer's Agent in 2023

    Santiago Valdez

    Compass

    (773) 858-2410

    3 in this area

    480 Total Sales

    Santiago Valdez
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11709597

Midwest Real Estate Data (MRED)

APN: 17-03-226-065-1260

Illinois Cook County Chicago 60611 Magnificent Mile

180 E Pearson St Unit 7207, Chicago, IL

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) 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.
Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID

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