NOT LISTED FOR SALE

The Fairbanks at Cityfront Plaza 240 E Illinois St Unit 2311 Chicago, IL 60611

Streeterville Neighborhood

Estimated Value: $671,504 - $1,451,000

2 Beds
2 Baths
1,473 Sq Ft
2.32 Acres

Last Sold July 16, 2018

Last sale price $842,500 $572 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $5,699/month

Highlights

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

About This Home

As of January 2025

AVAILABLE NOW:

Want to experience the pinnacle of luxury city living with absolute ease? This exquisite, FULLY FURNISHED southeast corner 2-bedroom, 2-bath loft condo is a must see. From the moment you step inside, you'll be welcomed by the modern elegance and convenience this home offers, all without the hassle of moving or decorating. Featuring an open floor plan, the kitchen seamlessly flows into the dining space and family room, creating an inviting area for entertaining and relaxation. The expansive cook's kitchen features an oversized island, stainless steel appliances, and a gas stove with a hood. The primary bedroom boasts two large closets, balcony access, and an en-suite bathroom with dual vanities, a separate shower, and a soaking tub. The spacious second bedroom fits a queen bed comfortably. Highlights of this condo include an in-unit washer and dryer, ample pantry space, and built-in features in the closets for added convenience and organization. The building is packed with amenities, including a door person, an outdoor pool, a fitness center, cardio room, business center, media room, and a dog run with Whole Foods within steps. The location is amazing as well as you are walking distance to the lakefront, the riverwalk, Northwestern Memorial Hospital, Navy Pier, Mag Mile and more! ALL utilities and one parking spot are included in the rent.



Call Stephen to schedule a tour today! Ref # 12 341421
Stephen John Suominen
Broker
Compass

Last Agent to Rent the Property

Anthony Garcia

Streeterville Realty, LLC License #475166708 Listed on: 12/21/2024

Co-Listed By

Haroon Khan

Streeterville Realty, LLC License #475152943

Last Renter's Agent

Anthony Garcia

Streeterville Realty, LLC License #475166708 Listed on: 12/21/2024

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $13,091

Year Built

  • Built in 2007

Lot Details

  • Cul-De-Sac

Parking

  • 1 Car Attached Garage
  • Parking Included in Price

Interior Spaces

  • 1,473 Sq Ft Home
  • Family Room
  • Combination Dining and Living Room
  • Den
  • Wood Flooring

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms
  • 2 Full Bathrooms
  • Dual Sinks

Laundry

  • Laundry Room
  • Dryer
  • Washer

Utilities

  • Forced Air Heating and Cooling System
  • Lake Michigan Water

Listing and Financial Details

  • Property Available on 12/23/24
  • Rent includes cable TV, gas, heat, water, pool, scavenger, doorman, exterior maintenance, storage lockers, snow removal, internet, air conditioning, wi-fi
  • 12 Month Lease Term

Community Details

Overview

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

Amenities

  • Doorman
  • Sundeck
  • Party Room
  • Elevator
  • Service Elevator
  • Package Room

Recreation

  • Bike Trail

Pet Policy

  • Pets up to 25 lbs
  • Limit on the number of pets
  • Pet Size Limit
  • Pet Deposit Required
  • Dogs and Cats Allowed
  • Breed Restrictions

Security

  • Resident Manager or Management On Site

Condo Details

Home Type

Condominium

Est. Annual Taxes

$13,091

Year Built

Built in 2007

Lot Details

0

Parking

1

Rental Info

  • Available Date: 2024-12-23
  • Lease Term: 12 Months
  • Board Approval: No
  • Board Number: 8
  • Pets Allowed (Y/N): Yes
  • Type of Rental Property: Attached
  • Rental Price: 4400
  • Security Deposit: 1MONTH
  • Is Parking Included in Price: Yes
  • Fees/Approvals: Credit Report,Move-in Fee,Move Out Fee,Refundable Damage Deposit
  • Max Pet Weight: 25

Listing Details

  • Property Type: Residential Lease
  • Property Type: Residential Lease
  • Type Attached: Condo,High Rise (7+ Stories)
  • Property Sub-Type: Attached
  • 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
  • Unit Floor Level: 23
  • ResoPropertyType: ResidentialLease
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 31

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Stainless Steel Appliance(s)
  • Basement: None
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 2
  • LivingArea: 1473
  • Room Type: Den
  • Stories Total: 31
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: None
  • Bathroom Amenities: Double Sink
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Combined w/ LivRm
  • Total Sq Ft: 0
  • Flooring: Hardwood
  • ResoLivingAreaSource: Estimated

Exterior Features

  • Lot Features: Cul-De-Sac
  • Waterfront: No
  • Exterior Building Type: Glass,Concrete

Garage/Parking

  • Garage Spaces: 1
  • ParkingTotal: 1
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage

Utilities

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

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Deposit Required, Dogs OK, Neutered and/or Declawed Only, Number Limit, Size Limit
  • Association Amenities: Bike Room/Bike Trails, Door Person, Elevator(s), Exercise Room, On Site Manager/Engineer, Party Room, Sundeck, Pool, Receiving Room, Service Elevator(s)
  • Rent Includes: Cable TV, Gas, Heat, Water, Pool, Scavenger, Doorman, Exterior Maintenance, Storage Lockers, Snow Removal, Internet, Air Conditioning, Wi-Fi
  • Management: Manager On-site,Monday through Friday

Lot Info

  • Lot Dimensions: COMMON

Multi Family

  • Units in Building: 281

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 12, 2018
Closed on
Jul 16, 2018
Sold by
Faranso Nicholas J and Faranso Michelle
Bought by
Mu Chi
Seller's Agent
Raj Patel
Best Chicago Living
Buyer's Agent
Haroon Khan
Streeterville Realty, LLC
List Price
$819,000
Sold Price
$842,500
Premium/Discount to List
$23,500
2.87%
Current Estimated Value
$880,376

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$37,876
Avg. Annual Appreciation
0.61%
Original Mortgage
$300,500
Outstanding Balance
$256,666
Interest Rate
3.87%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$623,710

Purchase Details

Closed on
Jul 22, 2010
Sold by
Zody Susan L
Bought by
Faranso Nicholas J and Faranso Michelle

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$544,000
Interest Rate
4.07%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 19, 2008
Sold by
Cfp Fairbanks Llc
Bought by
Zody Susan L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$626,225
Interest Rate
5.9%
Mortgage Type
Purchase Money Mortgage
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
Mu Chi $842,500 Greater Illinois Title
Faranso Nicholas J $680,000 None Available
Zody Susan L $851,500 Multiple
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mu Chi $300,500
Previous Owner Faranso Nicholas J $544,000
Previous Owner Zody Susan L $626,225
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/17/2024 11/17/24 Price Changed $4,400 +54.4% $3 / Sq Ft
09/28/2024 09/28/24 For Rent $2,850 -33.7% --
09/19/2022 09/19/22 Rented $4,300 0.0% --
09/10/2022 09/10/22 Under Contract -- -- --
08/22/2022 08/22/22 For Rent $4,300 0.0% --
07/16/2018 07/16/18 Sold $842,500 +2.9% -- View Prior Sale
06/04/2018 06/04/18 Pending -- -- --
05/12/2018 05/12/18 For Sale $819,000 0.0% --
04/29/2016 04/29/16 Under Contract -- -- --
04/29/2016 04/29/16 Rented $4,750 +5.6% --
04/06/2016 04/06/16 For Rent $4,500 -- --
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 $13,091 $66,813 $10,958 $55,855
2023 $12,740 $65,362 $8,837 $56,525
2022 $12,740 $65,362 $8,837 $56,525
2021 $12,474 $65,360 $8,836 $56,524
2020 $13,866 $65,346 $6,816 $58,530
2019 $14,254 $70,944 $6,816 $64,128
2018 $14,014 $70,944 $6,816 $64,128
2017 $13,159 $61,128 $2,759 $58,369
2016 $12,243 $61,128 $2,759 $58,369
2015 $11,201 $61,128 $2,759 $58,369
2014 $8,831 $47,594 $2,146 $45,448
2013 $8,656 $47,594 $2,146 $45,448
Source: Public Records

Agents Affiliated with this Home

  • Haroon Khan

    Landlord's Co-Listing Agent in 2022

    Haroon Khan

    Streeterville Realty, LLC

    (312) 545-2266

    4 in this area

    93 Total Sales

    Haroon Khan
    Section Image

  • A

    Buyer's Agent in 2022

    Addison Foran

    Compass

  • R

    Seller's Agent in 2018

    Raj Patel

    Best Chicago Living

    (312) 451-4944

    2 Total Sales

    Raj Patel
    Section Image

  • N

    Seller Co-Listing Agent in 2018

    Niles Patel

    CORE Capital Group LLC

    (708) 372-2933

    10 in this area

    58 Total Sales

    Niles Patel
    Section Image
  • Matt Engle

    Buyer's Agent in 2016

    Matt Engle

    Fulton Grace

    (717) 658-0899

    2 in this area

    196 Total Sales

    Matt Engle
    Section Image
See All Agents

About The Fairbanks at Cityfront Plaza

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12259693

Midwest Real Estate Data (MRED)

APN: 17-10-212-040-1159

Illinois Cook County Chicago 60611 Streeterville

240 E Illinois St Unit 2311, Chicago, IL

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