Seller's Agent in 2023
Peter Basile Jr.
312 Estates LLC
(773) 636-2336
2 in this area
32 Total Sales
The Fairbanks at Cityfront Plaza 240 E Illinois St Unit 306 Chicago, IL 60611
Streeterville NeighborhoodEstimated Value: $492,000 - $609,000
2
Beds
2
Baths
1,314
Sq Ft
$1,193/mo
HOA Fee
Highlights
- Doorman
- Wood Flooring
- Business Center
- Fitness Center
- Community Pool
- Sundeck
About This Home
As of September 2023Attn: All Investors! Best priced 2 bedroom in the building! Welcome to The Lofts and Fairbanks at Cityfront Plaza. Investor Friendly 2-bedroom 2- Full bathroom + office nook cement loft located on a quiet cul-de-sac between Michigan Avenue (Mag Mile) & North/Navy Pier on Upper Illinois St. This spacious split 2-bedroom floorplan with both bedrooms fully enclosed is vacant and ready to be owner occupied or take advantage of Chicago's historically high rental market as an investment (no rental CAP in the Loft section of the building). Huge open kitchen concept complete with stainless steel appliances, oven hood, wrap around granite counter tops with breakfast bar, garbage disposal, and full backsplash. Ample size living room/dining room combo with dark hardwood throughout has floor to ceiling windows which open to a 32ft walk out balcony with stunning Southern city views both during the day and jaw dropping cityscape night views as well! Two large bedrooms including primary bedroom with en suite bathroom, dual sinks, marble countertops, glass stand up shower, and deep soaking tub. Bonus features for this unit include stunning built in wine bar, office nook with full size desk & three shelves, front-loading full-size washer/dryer, private storage closet off balcony, cage storage locker, sprinkler system, & professionally organized closets throughout. HOA fees include most utilities like heat/AC, water, gas, cable/internet...all you pay is electric! This full amenity building offers 24hr door staff, on site management & maintenance, outdoor pool/sun deck with grills & park bench terrace, 2 exercise facilities (weight room & cardio room), party room for events, Movie Theater, business center, and dog run all on one floor! This unit offers one deeded extra-large end garage parking space with no car on one side and secured entry from the rest of the garage for an additional 45k. The building is also attached to Whole Foods & Planet Fitness (elevator access) and offers a green grass park across the street. Walk to all the City of Chicago has to offer including the iconic shopping mecca the "Magnificent Mile" at the corner (Hugo Boss, Nordstrom, Saks Fifth Ave, Cartier, Rolex, Water Tower, etc...) or Walk East down the stairs to North Pier/Navy Pier (Target, Walgreens, AMC Movies, etc...). Just steps to restaurants, nightlife, The Loop, and lakefront fun like fireworks, Ferris wheel, food trucks, boat rides, biking, concerts, and so much more! A true Chicago City Experience!
Last Agent to Sell the Property
312 Estates LLC License #475148276 Listed on: 08/29/2023
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $9,606
Year Built
- Built in 2005
Lot Details
- 2.32
HOA Fees
- $1,193 Monthly HOA Fees
Parking
- 1 Car Attached Garage
- Garage Transmitter
- Parking Included in Price
- Deeded Parking Sold Separately
Home Design
- Brick Exterior Construction
- Flexicore
Interior Spaces
- 1,314 Sq Ft Home
- Family Room
- Combination Dining and Living Room
- Storage
- Wood Flooring
Kitchen
- Range
- Microwave
- Dishwasher
- Stainless Steel Appliances
- Disposal
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Potential Bedrooms
- 2 Full Bathrooms
Laundry
- Laundry Room
- Laundry on main level
- Dryer
- Washer
Schools
- Ogden Elementary School
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
- Lake Michigan Water
Additional Features
- Additional Parcels
Community Details
Overview
- Association fees include heat, air conditioning, water, gas, parking, insurance, doorman, tv/cable, exercise facilities, pool, exterior maintenance, lawn care, scavenger, snow removal, internet
- 281 Units
- Nicole Association, Phone Number (312) 755-0042
- Property managed by First Service Residential
- 31-Story Property
Amenities
- Doorman
- Sundeck
- Picnic Area
- Business Center
- Party Room
- Package Room
- Elevator
Recreation
- Park
Pet Policy
- Limit on the number of pets
- Dogs and Cats Allowed
Security
- Resident Manager or Management On Site
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 29, 2023
Closed on
Sep 27, 2023
Sold by
Beavis Noel
Bought by
Chen Qixin
Seller's Agent
Peter Basile Jr.
312 Estates LLC
Buyer's Agent
Peter Basile Jr.
312 Estates LLC
List Price
$465,000
Sold Price
$505,000
Premium/Discount to List
$40,000
8.6%
Views
43
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$50,931
Avg. Annual Appreciation
4.90%
Original Mortgage
$353,500
Outstanding Balance
$347,032
Interest Rate
7.5%
Mortgage Type
New Conventional
Estimated Equity
$208,899
Purchase Details
Listed on
Sep 2, 2014
Closed on
Nov 7, 2014
Sold by
Anderson Allan J and Anderson Michelle L
Bought by
Beavis Noel
Seller's Agent
Klopas Stratton Team
Jameson Sotheby's Int'l Realty
Buyer's Agent
Peter Basile Jr.
312 Estates LLC
List Price
$524,900
Sold Price
$553,000
Premium/Discount to List
$28,100
5.35%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.02%
Original Mortgage
$276,500
Interest Rate
3%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Listed on
Jul 30, 2012
Closed on
Nov 25, 2013
Sold by
Lufrano Guyanne
Bought by
Anderson Allan J and Anderson Michelle L
Seller's Agent
Shai Wolkowicki
Fulton Grace Realty
Buyer's Agent
Larissa Brodsky
Compass
List Price
$440,000
Sold Price
$455,000
Premium/Discount to List
$15,000
3.41%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
23.34%
Purchase Details
Closed on
Jul 25, 2007
Sold by
Cfp Lofts Llc
Bought by
Lufrano Guyanne
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$406,100
Interest Rate
6%
Mortgage Type
Unknown
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Chen Qixin | $505,000 | None Listed On Document | |
| Beavis Noel | $553,000 | Cambridge Title Company | |
| Anderson Allan J | $455,000 | Fidelity Natl Title Ins Co | |
| Lufrano Guyanne | $544,000 | Lawyers |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Chen Qixin | $353,500 | |
| Previous Owner | Beavis Noel | $276,500 | |
| Previous Owner | Lufrano Guyanne | $406,100 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 09/29/2023 09/29/23 | Sold | $505,000 | +8.6% | $384 / Sq Ft | |
| 09/02/2023 09/02/23 | Pending | -- | -- | -- | |
| 08/29/2023 08/29/23 | For Sale | $465,000 | 0.0% | $354 / Sq Ft | |
| 01/21/2022 01/21/22 | Rented | -- | -- | -- | |
| 01/06/2022 01/06/22 | Under Contract | -- | -- | -- | |
| 12/14/2021 12/14/21 | For Rent | $3,000 | 0.0% | -- | |
| 11/19/2018 11/19/18 | Rented | $3,000 | 0.0% | -- | |
| 11/10/2018 11/10/18 | Under Contract | -- | -- | -- | |
| 11/06/2018 11/06/18 | For Rent | $3,000 | 0.0% | -- | |
| 11/02/2018 11/02/18 | Rented | $3,000 | 0.0% | -- | |
| 10/31/2018 10/31/18 | Under Contract | -- | -- | -- | |
| 10/22/2018 10/22/18 | For Rent | $3,000 | 0.0% | -- | |
| 11/07/2014 11/07/14 | Sold | $553,000 | +5.4% | $421 / Sq Ft | View Prior Sale |
| 09/21/2014 09/21/14 | Pending | -- | -- | -- | |
| 09/02/2014 09/02/14 | For Sale | $524,900 | +15.4% | $399 / Sq Ft | |
| 12/03/2013 12/03/13 | Sold | $455,000 | +14.0% | $346 / Sq Ft | View Prior Sale |
| 09/04/2012 09/04/12 | Pending | -- | -- | -- | |
| 08/25/2012 08/25/12 | Price Changed | $399,000 | -4.8% | $304 / Sq Ft | |
| 08/13/2012 08/13/12 | Price Changed | $419,000 | -4.8% | $319 / Sq Ft | |
| 07/30/2012 07/30/12 | For Sale | $440,000 | -- | $335 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
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 | $9,446 | $47,009 | $13,587 | $33,422 |
| 2023 | $9,209 | $44,773 | $22,500 | $22,273 |
| 2022 | $9,209 | $44,773 | $22,500 | $22,273 |
| 2021 | $9,003 | $44,772 | $22,500 | $22,272 |
| 2020 | $10,189 | $45,738 | $36,686 | $9,052 |
| 2019 | $9,977 | $49,657 | $36,686 | $12,971 |
| 2018 | $9,809 | $49,657 | $36,686 | $12,971 |
| 2017 | $9,088 | $42,217 | $2,130 | $40,087 |
| 2016 | $8,456 | $42,217 | $2,130 | $40,087 |
| 2015 | $7,736 | $42,217 | $2,130 | $40,087 |
| 2014 | $6,841 | $36,870 | $1,774 | $35,096 |
| 2013 | $6,228 | $36,870 | $1,774 | $35,096 |
Source: Public Records
Agents Affiliated with this Home
-
Peter Basile Jr.
-
M
Seller's Agent in 2022
Mason Rosenberg
312 Estates LLC
-
L
Buyer's Agent in 2022
Lalo Campos
RE/MAX
-
Cosmina Neaga
C
Seller's Agent in 2018
Cosmina Neaga
312 Estates LLC
(773) 627-6633
2 in this area
14 Total Sales
-
B
Buyer's Agent in 2018
Brandon Loncar
Star Real Estate
-
N
Buyer's Agent in 2018
Non Member
NON MEMBER
About The Fairbanks at Cityfront Plaza
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11872382
APN: 17-10-212-031-1006
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