NOT LISTED FOR SALE

The Fairbanks at Cityfront Plaza 240 E Illinois St Unit 2601 Chicago, IL 60611

Streeterville Neighborhood

Estimated Value: $663,355 - $721,000

2 Beds
2 Baths
1,358 Sq Ft
$1,274/ mo HOA Fee

Last Sold March 31, 2023

Last sale price $690,000 $508 Per Sq Ft

Current estimated payment $6,012/month

17 Days on Market

Highlights

  • Doorman
  • Open Floorplan
  • End Unit
  • Fitness Center
  • Wood Flooring
  • Community Pool

About This Home

As of March 2023

Stunning SW corner 2 bed , 2 bath with sweeping city and river views! Newly painted and move in ready- you will not be disappointed! This split floorplan has hardwood floors, open floorplan with true living and dining areas, eat in kitchen with massive island, 42 in cabinets, high end ss appliances- Bosch and Thermador, great dry bar or office space. Fantastic primary suite with custom window treatments, oversized bedroom, two closets- one walk and both professionally organized, lovely bath w double vanity, marble flooring and surround, walk in shower and great storage. Second bedroom has large walk in professionally organized closet, large second bath with stone throughout. Full amenity building w pool and Terrace, workout room, resident lounge and theater, dog run, 24 he door staff and management on site. Garage prime parking additional. Walk out your front door to everything- whole food, Michigan Ave, Navy pier. Welcome home!

Last Agent to Sell the Property

Elizabeth August

@properties Christie's International Real Estate License #475135225 Listed on: 03/01/2023

@properties Christie's International Real Estate

Last Buyer's Agent

Gail Spreen

Jameson Sotheby's Intl Realty License #471004676

Jameson Sotheby's Intl Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $13,232

Year Built

  • Built in 2007

Lot Details

  • End Unit
  • Additional Parcels

HOA Fees

  • $1,274 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Parking Included in Price
  • Deeded Parking Sold Separately

Home Design

  • Stone Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,358 Sq Ft Home
  • Open Floorplan
  • Dry Bar
  • Entrance Foyer
  • Combination Dining and Living Room
  • Wood Flooring
  • Washer and Dryer Hookup

Bedrooms and Bathrooms

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

Home Security

Outdoor Features

  • Balcony

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Lake Michigan Water
  • Mechanical Septic System
  • Cable TV Available

Listing and Financial Details

  • Homeowner Tax Exemptions

Community Details

Overview

  • Association fees include heat, air conditioning, water, gas, parking, insurance, doorman, tv/cable, exercise facilities, pool, exterior maintenance, scavenger, snow removal
  • 281 Units
  • Katelin Dorsey Association, Phone Number (312) 755-0042
  • Fairbanks At Cityfront Subdivision
  • Property managed by DK CONDO
  • 31-Story Property

Amenities

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

Recreation

  • Bike Trail

Pet Policy

  • Dogs and Cats Allowed

Security

  • Resident Manager or Management On Site
  • Storm Screens
  • Carbon Monoxide Detectors

Property Details

Home Type

Condominium

Est. Annual Taxes

$13,232

Year Built

Built in 2007

Lot Details

2.32 Acres

HOA Fees

$1,274 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: Condo
  • Ownership: Condo
  • New Construction: No
  • Property Sub-Type: Condo
  • Subdivision Name: Fairbanks at Cityfront
  • 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: 26
  • Actual Status: Closed
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 31

Interior Features

  • Basement: None
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 2
  • Interior Amenities: Bar-Dry, Hardwood Floors, Laundry Hook-Up in Unit, Walk-In Closet(s), Open Floorplan
  • LivingArea: 1358
  • Other Equipment: TV-Cable, CO Detectors
  • 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
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Combined w/ LivRm
  • Total Sq Ft: 0
  • ResoLivingAreaSource: Builder

Exterior Features

  • ExteriorFeatures: Storms/Screens, End Unit
  • Foundation Details: Concrete Perimeter
  • Waterfront: No
  • Exterior Building Type: Stone

Garage/Parking

  • Garage Spaces: 1
  • Number of Cars: 1
  • Garage On-Site: Yes
  • Garage Ownership: Deeded Sold Separately
  • Garage Type: Attached
  • Parking: Garage

Utilities

  • Sewer: Septic-Mechanical
  • Cooling: Central Air
  • Electric: Circuit Breakers
  • Heating: Natural Gas, Forced Air
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK
  • Association Fee: 1274
  • Association Amenities: Bike Room/Bike Trails, Door Person, Elevator(s), Exercise Room, Storage, Health Club, On Site Manager/Engineer, Party Room, Sundeck, Pool, Receiving Room, Valet/Cleaner
  • Association Fee Frequency: Monthly
  • Management: Manager On-site
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: DK CONDO
  • Management Contact Name: KATELIN DORSEY
  • Management Phone: 312-755-0042
  • ResoAssociationFeeFrequency: Monthly

Fee Information

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

Lot Info

  • Additional Parcels: Yes
  • Lot Dimensions: COMMON
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Pets Allowed (Y/N): Yes
  • Is Parking Included in Price: Yes
  • Max Pet Weight: 999

Tax Info

  • Tax Annual Amount: 13231.8
  • Tax Year: 2021
  • Tax Exemptions: Homeowner

Multi Family

  • Units in Building: 281

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 1, 2023
Closed on
Mar 23, 2023
Sold by
Jackstone Llc
Bought by
Matthew G Krieps Revocable Trust
Seller's Agent
Elizabeth August
@properties Christie's International Real Estate
Buyer's Agent
Gail Spreen
Jameson Sotheby's Intl Realty
List Price
$699,000
Sold Price
$690,000
Premium/Discount to List
-$9,000
-1.29%
Views
18
Current Estimated Value
$688,339

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,661
Avg. Annual Appreciation
-0.08%

Purchase Details

Closed on
Mar 11, 2008
Sold by
Cfp Fairbanks Llc
Bought by
Lauer Wayne and Lauer Roxanne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$613,988
Interest Rate
6.87%
Mortgage Type
Purchase Money Mortgage
Source: Public Records
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Matthew G Krieps Revocable Trust $690,000 Proper Title
Lauer Wayne $877,500 Multiple
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lauer Wayne $613,988
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/31/2023 03/31/23 Sold $690,000 -1.3% $508 / Sq Ft
03/19/2023 03/19/23 Pending -- -- --
03/01/2023 03/01/23 For Sale $699,000 -3.6% $515 / Sq Ft
03/29/2013 03/29/13 Sold $725,000 -6.5% $534 / Sq Ft View Prior Sale
02/08/2013 02/08/13 Pending -- -- --
01/16/2013 01/16/13 For Sale $775,500 -- $571 / 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 $12,714 $61,600 $10,103 $51,497
2024 $12,714 $61,600 $10,103 $51,497
2023 $12,395 $60,261 $8,147 $52,114
2022 $12,395 $60,261 $8,147 $52,114
2021 $12,118 $60,261 $8,147 $52,114
2020 $13,421 $60,247 $6,284 $53,963
2019 $13,142 $65,409 $6,284 $59,125
2018 $12,920 $65,409 $6,284 $59,125
2017 $12,132 $56,359 $2,544 $53,815
2016 $11,288 $56,359 $2,544 $53,815
2015 $10,328 $56,359 $2,544 $53,815
2014 $8,141 $43,880 $1,978 $41,902
2013 $7,981 $43,880 $1,978 $41,902
Source: Public Records

Agents Affiliated with this Home

  • Elizabeth August

    Seller's Agent in 2023

    Elizabeth August

    @ Properties

    (773) 610-8000

    1 in this area

    171 Total Sales

    Elizabeth August
    Section Image
  • Gail Spreen

    Buyer's Agent in 2023

    Gail Spreen

    Jameson Sotheby's Intl Realty

    (312) 755-9999

    203 in this area

    254 Total Sales

    Gail Spreen
    Section Image

  • T

    Seller's Agent in 2013

    Terri McAuley

    Berkshire Hathaway HomeServices Chicago

    Section Image
See All Agents

About The Fairbanks at Cityfront Plaza

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11728377

Midwest Real Estate Data (MRED)

APN: 17-10-212-040-1182

Illinois Cook County Chicago 60611 Streeterville

240 E Illinois St Unit 2601, 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

Nearby Homes
Your Personal Tour Guide

Ask me questions while you tour the home.