$624,000
$5K PRICE DROP

Estimated payment $5,818/month

Total Views 6,643
2 Beds
2 Baths
1,446 Sq Ft
$432 Price per Sq Ft

Highlights

  • Doorman
  • Wood Flooring
  • Granite Countertops
  • Fitness Center
  • End Unit
  • 1-minute walk to Lakeshore East Park

About This Home

Stunning Corner 2BD/2BA Residence at The Lancaster - Unit 2407 Breathtaking Park, City & River Views! Welcome to Residence 2407 at The Lancaster, a highly sought-after luxury building in Lakeshore East Park. This northwest corner home offers breathtaking, permanent views of the park, skyline, river, and iconic Chicago landmarks, including Aqua, 340 on the park, the Hancock, and the Art Institute. This spacious split-bedroom layout features newer hardwood flooring throughout, creating a warm and inviting atmosphere. The expansive open kitchen is beautifully designed with warm cherry cabinetry, a pantry, granite countertops, and a breakfast bar. It is fully equipped with stainless steel appliances, including a Newer SS refrigerator, gas oven range, a newer dishwasher, and microwave. The sunlit living and dining areas are enhanced by custom window treatments, contemporary LED track lighting, New Dining room chandelier and elegant crown molding. A private balcony, accessible from the living room, provides the perfect space to relax or dine while enjoying the stunning west-facing park, river views. The primary suite is a true retreat, offering a large custom finished walk-in closet and a spa-like bathroom featuring floor-to-ceiling travertine, separate shower, a separate soaking tub, dual vanity with granite countertops, Toto heated toilets, LED backlit mirrors and a linen closet. The second bedroom also offers breathtaking views of the lake, river, and skyline. The bathroom is designed with a granite vanity, a tub/shower combination, and floor-to-ceiling tile. Both bedrooms are outfitted with Luce plan light ceiling fans too. Custom-built closets throughout the home provide optimal storage, and the in-unit GE washer and dryer for added convenience. Parking spot close to elevator available for sale. The Lancaster offers exceptional amenities, including 24-hour door staff, on-site management and maintenance, a fully equipped fitness center, a resident lounge, and an expansive rooftop sundeck with speakers, grills, and lounge furniture. Ideally located just steps from Millennium Park, the Loop, the lakefront, Mariano's, GEMS Academy, top restaurants, and the city's best walking and biking paths, this home offers the perfect blend of luxury, comfort, and convenience. No rental cap in the building. Don't miss the opportunity to own this exceptional residence at The Lancaster!

Listing Agent

Rachna Jain

Jameson Sotheby's International Realty License #475122676 Listed on: 03/07/2025

Jameson Sotheby's International Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $13,916

Year Built

  • Built in 2005

HOA Fees

  • $1,172 Monthly HOA Fees

Parking

  • 1 Car Garage

Home Design

  • Concrete Block And Stucco Construction

Interior Spaces

  • 1,446 Sq Ft Home
  • Family Room
  • Living Room
  • Dining Room
  • Storage
  • Wood Flooring

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Granite Countertops
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms
  • Bidet
  • Dual Sinks
  • Soaking Tub
  • Separate Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Additional Features

  • Balcony
  • End Unit

Community Details

Overview

  • Association fees include heat, air conditioning, water, gas, parking, insurance, doorman, tv/cable, exercise facilities, exterior maintenance, lawn care, scavenger, snow removal
  • 207 Units
  • Michael Wieland Association, Phone Number (312) 228-9701
  • Property managed by Sudler
  • 30-Story Property

Amenities

  • Doorman
  • Valet Parking
  • Sundeck
  • Party Room
  • Elevator
  • Package Room
  • Community Storage Space

Recreation

  • Park
  • Bike Trail

Pet Policy

  • Dogs and Cats Allowed

Security

  • Resident Manager or Management On Site

Property Details

Home Type

Condominium

Est. Annual Taxes

$13,916

Year Built

Built in 2005

Lot Details

0

HOA Fees

$1,172 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: Condo
  • Ownership: Condo
  • EntryLevel: 24
  • New Construction: No
  • Property Sub-Type: Condo
  • Year Built: 2005
  • Age: 16-20 Years
  • Built Before 1978 (Y/N): No
  • Disability Access and/or Equipped: No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 30

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Disposal, Stainless Steel Appliance(s)
  • Basement: None
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 2
  • Flooring: Hardwood
  • Interior Amenities: Storage, Walk-In Closet(s), High Ceilings, Granite Counters
  • LivingArea: 1446
  • Room Type: Balcony/Porch/Lanai, Walk In Closet
  • Stories Total: 30
  • Window Features: Drapes
  • Estimated Total Finished Sq Ft: 0
  • Bathroom Amenities: Separate Shower,Double Sink,Bidet,Soaking Tub
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 0
  • Total Sq Ft: 0
  • Flooring: Hardwood

Exterior Features

  • Common Walls: End Unit
  • Construction Materials: Concrete
  • ExteriorFeatures: Balcony
  • List Price: 624000
  • Waterfront: No

Garage/Parking

  • Garage Spaces: 1
  • Parking Features: Garage Door Opener, On Site, Garage Owned, Attached, Garage
  • ParkingTotal: 1

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Electric: Circuit Breakers
  • Heating: Natural Gas
  • Laundry Features: Washer Hookup, In Unit
  • Water Source: Public

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK
  • Association Fee: 1172
  • Association Amenities: Bike Room/Bike Trails, Door Person, Elevator(s), Exercise Room, Storage, On Site Manager/Engineer, Park, Party Room, Sundeck, Receiving Room, Valet/Cleaner
  • Association Fee Frequency: Monthly
  • Management: Manager On-site,Monday through Friday
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: Sudler
  • Management Contact Name: Michael Wieland
  • Management Phone: 312-228-9701

Fee Information

  • Association Fee Includes: Heat, Air Conditioning, Water, Gas, Parking, Insurance, Doorman, TV/Cable, Exercise Facilities, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal

Schools

  • Middle/Junior School District: 299

Lot Info

  • Lot Dimensions: COMMON
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • Pets Allowed (Y/N): Yes
  • Is Parking Included in Price: No
  • Max Pet Weight: 0

Tax Info

  • Tax Annual Amount: 13916.48
  • Tax Year: 2023
  • Tax Exemptions: None

Multi Family

  • Units in Building: 207

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $13,916 $65,150 $3,429 $61,721
2023 $13,566 $65,959 $2,770 $63,189
2022 $13,566 $65,959 $2,770 $63,189
2021 $13,444 $66,854 $2,770 $64,084
2020 $13,063 $58,639 $2,505 $56,134
2019 $12,834 $63,881 $2,505 $61,376
2018 $12,619 $63,881 $2,505 $61,376
2017 $11,345 $52,702 $2,073 $50,629
2016 $10,556 $52,702 $2,073 $50,629
2015 $9,657 $52,702 $2,073 $50,629
2014 $9,117 $49,139 $1,909 $47,230
2013 $8,937 $49,139 $1,909 $47,230
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/11/2025 04/11/25 Price Changed $624,000 -0.8% $432 / Sq Ft
03/07/2025 03/07/25 For Sale $629,000 +2.8% $435 / Sq Ft
03/17/2014 03/17/14 Sold $612,000 -2.1% $423 / Sq Ft
01/14/2014 01/14/14 Pending -- -- --
01/03/2014 01/03/14 For Sale $625,000 +17.9% $432 / Sq Ft
09/14/2012 09/14/12 Sold $530,000 -0.9% $367 / Sq Ft
07/31/2012 07/31/12 Pending -- -- --
07/06/2012 07/06/12 Price Changed $535,000 -2.6% $370 / Sq Ft
06/04/2012 06/04/12 For Sale $549,000 -- $380 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $640,000 Chicago Title
Warranty Deed $612,000 First American
Warranty Deed $530,000 None Available
Warranty Deed $564,500 First American Title
Warranty Deed $584,000 Near North National Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $500,000 Adjustable Rate Mortgage/ARM
Previous Owner $456,000 Adjustable Rate Mortgage/ARM
Previous Owner $459,000 Adjustable Rate Mortgage/ARM
Previous Owner $417,000 New Conventional
Previous Owner $412,900 Unknown
Previous Owner $411,985 Unknown
Previous Owner $375,000 Credit Line Revolving
Source: Public Records

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Source: Midwest Real Estate Data (MRED)

MLS Number: 12301629

Midwest Real Estate Data (MRED)

APN: 17-10-400-031-1167