NOT LISTED FOR SALE

The Fairbanks at Cityfront Plaza 240 E Illinois St Unit 1802 Chicago, IL 60611

Streeterville Neighborhood

Estimated Value: $446,000 - $480,000

1 Bed
1.5 Baths
1,025 Sq Ft
100,929 Sq Ft Lot

Sale Details

Date Sold: July 1, 2022

Last sale price $382,000 $373 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $4,111 / mo

78 Days on Market

Highlights

  • Doorman
  • Fitness Center
  • Rooftop Deck
  • Steam Room
  • In Ground Pool
  • End Unit

About This Home

As of July 2022

Fabulous 1 bed/1.5 bath corner unit in the luxurious Fairbanks of Cityfront located in the heart of Streeterville! Nestled on a high floor and featuring a bright and airy floor plan with floor to ceiling windows, this condo offers stunning city views and a private balcony! The updated kitchen boasts recessed lighting, stainless steel appliances, granite countertops with large breakfast bar, and built-in workstation/desk area. Very spacious primary suite with walk-in closet and ensuite bath with dual vanity and shower with full body sprays. The powder room located off the foyer makes entertaining a breeze! Custom closets and custom shades for all windows. Convenient in-unit laundry. This home is equipped with high-speed internet (included in the assessment). Full amenity building featuring outdoor pool, separate cardio and weight room, dog run, theater, business room, bike room, multiple party rooms, 24-hour door staff, dry cleaners, and Whole Foods located on the main level of the plaza. Located next to The Riverwalk, lakefront, and Michigan Avenue shopping. Assessment includes high speed internet and all utilities, except electric. Rental parking available.

Last Agent to Sell the Property

Leigh Marcus

@properties Christie's International Real Estate License #475125223 Listed on: 03/01/2022

@properties Christie's International Real Estate

Last Buyer's Agent

Andrey Rudnitsky

Soloma Realty License #475195071

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $9,985

Year Built

  • Built in 2007

Lot Details

  • End Unit
  • Dog Run

HOA Fees

  • $851 Monthly HOA Fees

Interior Spaces

  • 1,025 Sq Ft Home
  • Entrance Foyer
  • Combination Dining and Living Room
  • Laminate Flooring

Kitchen

  • Gas Oven
  • Gas Cooktop
  • Range Hood
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Potential Bedroom
  • Walk-In Closet
  • Dual Sinks
  • Shower Body Spray
  • Separate Shower

Laundry

  • Laundry Room
  • Washer and Dryer Hookup

Pool

  • In Ground Pool
  • Spa

Outdoor Features

  • Balcony
  • Rooftop Deck
  • Fire Pit
  • Outdoor Grill

Schools

  • Ogden Elementary
  • Wells Community Academy Senior H High School

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Less than 60 Amp Service
  • Lake Michigan Water
  • High Speed Internet
  • Satellite Dish

Community Details

Overview

  • Association fees include water, doorman, tv/cable, exercise facilities, exterior maintenance, lawn care, scavenger, snow removal, internet
  • 281 Units
  • Fs Residential Association, Phone Number (312) 755-0042
  • High-Rise Community
  • Property managed by FS Residential
  • 31-Story Property

Amenities

  • Doorman
  • Valet Parking
  • Sundeck
  • Restaurant
  • Steam Room
  • Sauna
  • Business Center
  • Party Room
  • Elevator
  • Service Elevator
  • Package Room

Recreation

  • Community Spa

Pet Policy

  • Pets up to 40 lbs
  • Limit on the number of pets
  • Pet Size Limit
  • Dogs and Cats Allowed

Security

  • Resident Manager or Management On Site

Property Details

Home Type

Condominium

Est. Annual Taxes

$9,985

Year Built

Built in 2007

Lot Details

2.32 Acres

HOA Fees

$851 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)
  • Year Built: 2007
  • Age: 11-15 Years
  • Built Before 1978 (Y/N): No
  • Disability Access and/or Equipped: No
  • General Information: School Bus Service,Commuter Bus,Commuter Train,Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Unit Floor Level: 18
  • Actual Status: Closed
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 31

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Disposal, Cooktop, Range Hood, Gas Cooktop, Gas Oven
  • Basement: None
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bathrooms: 2
  • Total Bedrooms: 1
  • Interior Amenities: Wood Laminate Floors, Laundry Hook-Up in Unit, Walk-In Closet(s)
  • LivingArea: 1025
  • Other Equipment: TV-Dish
  • Room Type: Foyer, Walk In Closet, Balcony/Porch/Lanai
  • Stories Total: 31
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: None
  • Bathroom Amenities: Separate Shower,Double Sink,Full Body Spray Shower
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Combined w/ LivRm
  • Total Sq Ft: 0

Exterior Features

  • ExteriorFeatures: Balcony, Hot Tub, Roof Deck, Dog Run, In Ground Pool, Outdoor Grill, Fire Pit, End Unit
  • Waterfront: No
  • Exterior Building Type: Brick,Glass,Stone

Garage/Parking

  • Number of Cars: 0
  • Parking: None

Utilities

  • Sewer: Other
  • Cooling: Central Air
  • Electric: Circuit Breakers, Service - 30 Amp
  • Heating: Natural Gas
  • Laundry Features: Gas Dryer Hookup, Electric Dryer Hookup, In Unit, Laundry Closet
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK, Number Limit, Size Limit
  • Association Fee: 851
  • Association Amenities: Door Person, Elevator(s), Exercise Room, Storage, On Site Manager/Engineer, Party Room, Sundeck, Pool, Receiving Room, Restaurant, Sauna, Service Elevator(s), Steam Room, Valet/Cleaner, Spa/Hot Tub, Business Center, High Speed Conn.
  • Association Fee Frequency: Monthly
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: FS Residential
  • Management Contact Name: FS Residential
  • Management Phone: 312-755-0042
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Water, Doorman, TV/Cable, Exercise Facilities, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal, Internet

Schools

  • Elementary School: Ogden Elementary
  • High School: Wells Community Academy Senior H
  • Middle/Junior School: Ogden Elementary

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: COMMON
  • Rural (Y/N): N
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Pets Allowed (Y/N): Yes
  • Is Parking Included in Price: No
  • Max Pet Weight: 40

Tax Info

  • Tax Annual Amount: 9984.94
  • Tax Year: 2020
  • Tax Exemptions: None

Multi Family

  • Units in Building: 281

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 1, 2022
Closed on
Jun 21, 2022
Sold by
Asberry Rakestraw Trust
Bought by
Aggarwal Luv
Seller's Agent
Leigh Marcus
@properties Christie's International Real Estate
Buyer's Agent
Andrey Rudnitsky
Soloma Realty
List Price
$399,900
Sold Price
$382,000
Premium/Discount to List
-$17,900
-4.48%
Current Estimated Value
$463,067

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$81,067
Avg. Annual Appreciation
5.22%
Original Mortgage
$305,600
Outstanding Balance
$250,610
Interest Rate
4.25%
Mortgage Type
New Conventional
Estimated Equity
$212,457

Purchase Details

Closed on
Jun 12, 2019
Sold by
Rakestraw Asberry and Rakestraw Anna M
Bought by
Rakestraw Asberry and Rakestraw Anna M

Purchase Details

Closed on
Feb 28, 2008
Sold by
Cfp Fairbanks Llc
Bought by
Rakestraw Asberry and Rakestraw Anna M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$353,174
Interest Rate
5.51%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Aggarwal Luv $382,000 Proper Title
Rakestraw Asberry -- Attorney
Rakestraw Asberry $447,500 Lawyers
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Aggarwal Luv $305,600
Previous Owner Rakestraw Asberry $353,174
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/01/2022 07/01/22 Sold $382,000 -4.5% $373 / Sq Ft
05/19/2022 05/19/22 Pending -- -- --
03/01/2022 03/01/22 For Sale $399,900 -- $390 / 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 $9,459 $45,828 $7,516 $38,312
2024 $9,459 $45,828 $7,516 $38,312
2023 $9,221 $44,833 $6,061 $38,772
2022 $9,221 $44,833 $6,061 $38,772
2021 $9,015 $44,832 $6,061 $38,771
2020 $9,985 $44,822 $4,675 $40,147
2019 $9,777 $48,662 $4,675 $43,987
2018 $9,612 $48,662 $4,675 $43,987
2017 $9,026 $41,928 $1,892 $40,036
2016 $8,398 $41,928 $1,892 $40,036
2015 $7,683 $41,928 $1,892 $40,036
2014 $6,057 $32,646 $1,472 $31,174
2013 $5,937 $32,646 $1,472 $31,174
Source: Public Records

Agents Affiliated with this Home

  • Leigh Marcus

    Seller's Agent in 2022

    Leigh Marcus

    @ Properties

    (773) 645-0686

    14 in this area

    1,057 Total Sales

    Leigh Marcus
    Section Image
  • Andrey Rudnitsky

    Buyer's Agent in 2022

    Andrey Rudnitsky

    Soloma Realty

    (312) 919-1329

    2 in this area

    9 Total Sales

    Andrey Rudnitsky
    Section Image
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About The Fairbanks at Cityfront Plaza

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11335364

Midwest Real Estate Data (MRED)

APN: 17-10-212-040-1089

Illinois Cook County Chicago 60611 Streeterville

240 E Illinois St Unit 1802, 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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