$553,204 - $755,000
RENTED MAY 28, 2025

The Fairbanks at Cityfront Plaza 240 E Illinois St Unit 1506 Chicago, IL 60611

Streeterville Neighborhood
2 Beds
2 Baths
1,361 Sq Ft
2007 Built

Highlights

  • Doorman
  • Fitness Center
  • Community Pool
  • Steam Room
  • Wood Flooring
  • Party Room

About This Home

As of May 2025

GREAT VIEWS IN THIS SUNNY AND SPACIOUS 2BED/2BATH. FLOOR TO CEILING WINDOWS, HARDWOOD FLOORS, STAINLESS APPLIANCES & GRANITE KITCHEN, WASHER/DRYER IN UNIT, LARGE BALCONY, CUSTOM CLOSETS. LUXURY BUILDING AMENITIES: POOL, DECK, EXERCISE ROOM, AND STORAGE. PARKING INCLUDED IN PRICE. AVAILABLE NOW!

Last Agent to Rent the Property

Michael Wade

Jameson Sotheby's Intl Realty License #475131105 Listed on: 05/14/2025

Jameson Sotheby's Intl Realty

Last Renter's Agent

Irene Haddad

@properties Christie's International Real Estate License #475126246

@properties Christie's International Real Estate

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $12,668

Year Built

  • Built in 2007

Parking

  • 1 Car Garage

Home Design

  • Entry on the 15th floor

Interior Spaces

  • 1,361 Sq Ft Home
  • Family Room
  • Living Room
  • Dining Room

Kitchen

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

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms
  • 2 Full Bathrooms
  • Dual Sinks
  • Soaking Tub
  • Separate Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Utilities

  • Forced Air Zoned Cooling and Heating System
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Additional Features

  • Dog Run

Listing and Financial Details

  • Property Available on 5/14/25
  • Rent includes cable TV, gas, heat, water, pool, scavenger, security, doorman, exterior maintenance, lawn care, storage lockers, snow removal, internet
  • 12 Month Lease Term

Community Details

Overview

  • 281 Units
  • High-Rise Condominium
  • 31-Story Property

Amenities

  • Doorman
  • Sundeck
  • Steam Room
  • Party Room
  • Elevator
  • Package Room

Recreation

  • Bike Trail

Pet Policy

  • Pets up to 40 lbs
  • Pet Deposit Required
  • Dogs and Cats Allowed

Security

  • Resident Manager or Management On Site

Condo Details

Home Type

Condominium

Est. Annual Taxes

$12,668

Year Built

Built in 2007

Lot Details

0

Parking

1

Rental Info

  • Available Date: 2025-05-14
  • Lease Amount: 150
  • Lease Term: 12 Months
  • Board Approval: No
  • Board Number: 8
  • Pets Allowed (Y/N): Yes
  • Rental Price: 4300
  • Security Deposit: 1MO
  • Is Parking Included in Price: No
  • Fees/Approvals: Credit Report,Move-in Fee,Move Out Fee
  • Max Pet Weight: 40

Listing Details

  • Property Type: Residential Lease
  • Property Type: Residential Lease
  • Type Attached: Condo,High Rise (7+ Stories)
  • EntryLevel: 15
  • Property Attached: Yes
  • Property Sub-Type: Condo,High Rise (7+ Stories)
  • Year Built: 2007
  • 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
  • ResoPropertyType: ResidentialLease
  • MRD_WaterViewYN: No
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 31

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
  • Furnished: No
  • LivingArea: 1361
  • Room Type: No additional rooms
  • Stories Total: 31
  • Estimated Total Finished Sq Ft: 0
  • Bathroom Amenities: Separate Shower,Double Sink,Soaking Tub
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 0
  • Total Sq Ft: 0
  • Flooring: Carpet
  • ResoLivingAreaSource: Estimated

Exterior Features

  • Construction Materials: Glass
  • ExteriorFeatures: Balcony, Dog Run
  • List Price: 4300
  • Waterfront: No

Garage/Parking

  • Garage Spaces: 1
  • Parking Features: On Site, Leased, Attached, Garage
  • ParkingTotal: 1

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air, Zoned
  • Electric: Circuit Breakers
  • Heating: Natural Gas, Forced Air
  • Laundry Features: In Unit
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Deposit Required, Dogs OK
  • Association Amenities: Bike Room/Bike Trails, Door Person, Elevator(s), Exercise Room, Storage, On Site Manager/Engineer, Party Room, Sundeck, Pool, Receiving Room, Steam Room
  • Rent Includes: Cable TV, Gas, Heat, Water, Pool, Scavenger, Security, Doorman, Exterior Maintenance, Lawn Care, Storage Lockers, Snow Removal, Internet
  • Management: Manager On-site

Schools

  • Middle/Junior School District: 299

Lot Info

  • Lot Dimensions: COMMON

Multi Family

  • Units in Building: 281

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 11, 2011
Sold by
Steinberg Andrew W and Steinberg Jennifer L
Bought by
240 E Illinois Street Llc
Current Estimated Value
$618,051

Purchase Details

Closed on
Oct 29, 2007
Sold by
Cfp Garage Llc
Bought by
Stephanie R Steinberg Revocable Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,680
Interest Rate
6.44%
Mortgage Type
Credit Line Revolving
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
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
240 E Illinois Street Llc -- None Available
Stephanie R Steinberg Revocable Trust -- Lawyers
Stephanie R Steinberg Trust $554,000 Lawyers
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Stephanie R Steinberg Revocable Trust $85,680
Previous Owner Stephanie R Steinberg Revocable Trust $417,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/28/2025 05/28/25 Rented $4,300 0.0% --
05/14/2025 05/14/25 For Rent $4,300 +43.3% --
05/01/2021 05/01/21 Rented $3,000 0.0% --
03/09/2021 03/09/21 For Rent $3,000 -16.7% --
05/01/2019 05/01/19 Rented $3,600 +2.9% --
03/18/2019 03/18/19 For Rent $3,500 -5.4% --
08/22/2017 08/22/17 Rented $3,700 +2.8% --
08/10/2017 08/10/17 Price Changed $3,600 -5.1% $3 / Sq Ft
08/01/2017 08/01/17 For Rent $3,795 -- --
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 $12,668 $61,376 $10,066 $51,310
2023 $11,646 $60,043 $8,118 $51,925
2022 $11,646 $60,043 $8,118 $51,925
2021 $11,404 $60,041 $8,117 $51,924
2020 $12,681 $60,029 $6,262 $53,767
2019 $12,405 $65,171 $6,262 $58,909
2018 $12,195 $65,171 $6,262 $58,909
2017 $11,361 $56,153 $2,534 $53,619
2016 $10,747 $56,153 $2,534 $53,619
2015 $9,809 $56,153 $2,534 $53,619
2014 $7,635 $43,721 $1,971 $41,750
2013 $7,474 $43,721 $1,971 $41,750
Source: Public Records

Agents Affiliated with this Home

  • Michael Wade

    Landlord's Agent in 2025

    Michael Wade

    Jameson Sotheby's Intl Realty

    (312) 882-4530

    52 Total Sales

    Michael Wade
    Section Image
  • Irene Haddad

    Tenant's Agent in 2025

    Irene Haddad

    @ Properties

    (312) 682-8500

    16 in this area

    47 Total Sales

    Irene Haddad
    Section Image

  • N

    Buyer's Agent in 2021

    Non Member

    NON MEMBER

  • Jennifer Mills

    Seller's Agent in 2019

    Jennifer Mills

    Jameson Sotheby's Intl Realty

    (773) 914-4422

    5 in this area

    284 Total Sales

    Jennifer Mills
    Section Image

  • T

    Buyer's Agent in 2019

    Terri Franklin

    Berkshire Hathaway HomeServices Chicago

    24 Total Sales

    Terri Franklin
    Section Image
  • Kaylin Goldstein

    Buyer's Agent in 2017

    Kaylin Goldstein

    @ Properties

    (312) 909-1682

    1 in this area

    136 Total Sales

    Kaylin Goldstein
    Section Image
See All Agents

About The Fairbanks at Cityfront Plaza

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12364450

Midwest Real Estate Data (MRED)

APN: 17-10-212-040-1060

Illinois Cook County Chicago 60611 Streeterville

240 E Illinois St Unit 1506, Chicago, IL

This home is located at 240 E Illinois St Unit 1506, Chicago, IL 60611 since 14 May 2025 and is currently priced at $618,051. This property was built in 2007. 240 E Illinois St Unit 1506 is a home located in Cook County with nearby schools including Ogden Elementary School, Wells Community Academy High School, and Chicago International Charter School.

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