NOT LISTED FOR SALE

The Fairbanks at Cityfront Plaza 240 E Illinois St Unit 803 Chicago, IL 60611

Streeterville Neighborhood

Estimated Value: $370,000 - $427,000

1 Bed
1 Bath
933 Sq Ft
2.32 Acre Lot

Sale Details

Date Sold: July 1, 2024

Last sale price $385,000 $413 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $3,626 / mo

80 Days on Market

Highlights

  • Doorman
  • Open Floorplan
  • Wood Flooring
  • Fitness Center
  • Deck
  • Main Floor Bedroom

About This Home

As of July 2024

Penthouse level loft at 240 Illinois. 8th floor has 12ft ceilings vs the other floors. 933 sqft 1 bed with office niche. Full amenity building with outdoor pool/park/grills. Inside building has 2 gyms - cardio gym and weight training gym. Movie theater - dog run - business center. Unit has 18 foot private south facing deck with amazing views of Streeterville and iconic buildings. Sits on top of Whole Foods and has direct access to Michigan Ave (sits on Michigan Ave level not lower level like rest of buildings). Large bedroom with walk in closet - In unit Laundry - open 14 x 9 kitchen - 22 wide family room w/ plenty of space for dining table. Unit faces south with massive 22 foot wall of 12 foot high windows that pour in south light. Large full bathroom. Hardwood floors in common areas. Parking deeded and sold separately for 35k (in the secured part of the garage). HOA includes heat/air/gym/pool/management/cable TV/internet - HOA fees - 899.88 Unit - Parking $95.77. Taxes - 6542 for unit; 616 for parking.

Last Agent to Sell the Property

Klopas Stratton Team

Jameson Sotheby's Int'l Realty License #471009697 Listed on: 02/07/2024

Jameson Sotheby's Int'l Realty

Co-Listed By

Jason Stratton

Jameson Sotheby's Int'l Realty License #475138400

Last Buyer's Agent

Leigh Marcus

@properties Christie's International Real Estate License #475125223

@properties Christie's International Real Estate

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $7,158

Year Built

  • Built in 2006

Lot Details

  • 2.32

HOA Fees

  • $899 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Garage ceiling height seven feet or more
  • Garage Transmitter
  • Deeded Parking Sold Separately

Home Design

  • Stone Siding
  • Flexicore

Interior Spaces

  • 933 Sq Ft Home
  • Open Floorplan
  • Ceiling height of 10 feet or more
  • Combination Dining and Living Room
  • Storage
  • Wood Flooring

Kitchen

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

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Potential Bedroom
  • Main Floor Bedroom
  • Bathroom on Main Level
  • 1 Full Bathroom
  • Soaking Tub

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Outdoor Features

  • Balcony
  • Deck

Additional Features

  • Additional Parcels
  • Forced Air Heating and Cooling System

Community Details

Overview

  • Association fees include heat, air conditioning, water, gas, parking, insurance, security, doorman, tv/cable, exercise facilities, pool, exterior maintenance, lawn care, scavenger, snow removal
  • 281 Units
  • Karrol Hermit Association, Phone Number (312) 755-0042
  • Property managed by first service
  • 8-Story Property

Amenities

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

Recreation

  • Community Pool
  • Bike Trail

Pet Policy

  • Limit on the number of pets
  • Dogs and Cats Allowed

Security

  • Resident Manager or Management On Site

Property Details

Home Type

Condominium

Est. Annual Taxes

$7,158

Year Built

Built in 2006

Lot Details

2.32 Acres

HOA Fees

$899 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: Condo,Condo-Loft
  • Ownership: Condo
  • New Construction: No
  • Property Sub-Type: Condo,Condo-Loft
  • Year Built: 2006
  • 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: 8
  • Actual Status: Closed
  • ResoPropertyType: Residential
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 8

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Portable Dishwasher, Refrigerator, Washer, Dryer, Disposal, Stainless Steel Appliance(s)
  • Basement: None
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 1
  • Interior Amenities: Hardwood Floors, First Floor Bedroom, First Floor Laundry, First Floor Full Bath, Laundry Hook-Up in Unit, Storage, Flexicore, Ceiling - 10 Foot, Open Floorplan
  • LivingArea: 933
  • Room Type: Balcony/Porch/Lanai
  • Stories Total: 8
  • Estimated Total Finished Sq Ft: 933
  • Basement Description: None
  • Bathroom Amenities: Soaking Tub
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Combined w/ LivRm
  • Total Sq Ft: 933
  • ResoLivingAreaSource: Plans

Exterior Features

  • ExteriorFeatures: Balcony, Deck
  • Waterfront: No
  • Exterior Building Type: Stone

Garage/Parking

  • Garage Spaces: 1
  • ParkingTotal: 1
  • Garage Details: Transmitter(s),7 Foot or more high garage door
  • Garage On-Site: Yes
  • Garage Ownership: Deeded Sold Separately
  • Garage Type: Attached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Forced Air
  • Laundry Features: Gas Dryer Hookup, In Unit, Laundry Closet
  • Water Source: Public

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK, Number Limit
  • Association Fee: 899
  • Association Amenities: Bike Room/Bike Trails, Door Person, Elevator(s), Exercise Room, Storage, On Site Manager/Engineer, Party Room, Sundeck, Pool, Receiving Room, Sauna, Valet/Cleaner
  • Association Fee Frequency: Monthly
  • Management: Monday through Friday
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: first service
  • Management Contact Name: karrol hermit
  • Management Phone: 312-755-0042
  • ResoAssociationFeeFrequency: Monthly

Fee Information

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

Lot Info

  • Additional Parcels: Yes
  • 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: 999

Tax Info

  • Tax Annual Amount: 7158
  • Tax Year: 2022
  • Tax Exemptions: None

Multi Family

  • Units in Building: 281

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 7, 2024
Closed on
Jun 17, 2024
Sold by
Bought by
Seller's Agent
Klopas Stratton Team
Jameson Sotheby's Int'l Realty
Buyer's Agent
Leigh Marcus
@properties Christie's International Real Estate
List Price
$395,000
Sold Price
$385,000
Premium/Discount to List
-$10,000
-2.53%
Views
56
Current Estimated Value
$394,812

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$9,812
Avg. Annual Appreciation
1.21%

Purchase Details

Closed on
Dec 16, 2014
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$325,500
Interest Rate
0.0312%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Apr 27, 2011
Sold by
Bought by

Purchase Details

Closed on
Mar 29, 2007
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$330,000
Interest Rate
0.062%
Mortgage Type
Purchase Money Mortgage
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$385,000 Lincoln Title
$542,500 Proper Title Llc
-- Portfolio Title Company
$414,000 Lawyers
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Closed $325,500
Previous Owner $330,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
07/01/2024 07/01/24 Sold $385,000 +2.7% $413 / Sq Ft
04/28/2024 04/28/24 Pending -- -- --
04/14/2024 04/14/24 Price Changed $375,000 -2.6% $402 / Sq Ft
03/07/2024 03/07/24 Price Changed $385,000 -2.5% $413 / Sq Ft
02/07/2024 02/07/24 For Sale $395,000 0.0% $423 / Sq Ft
07/23/2019 07/23/19 Rented $2,600 0.0% --
06/25/2019 06/25/19 For Rent $2,600 0.0% --
04/11/2016 04/11/16 Rented $2,600 +4.0% --
01/12/2016 01/12/16 For Rent $2,500 -- --
Source: Midwest Real Estate Data (MRED)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $6,712 $33,379 $9,648 $23,731
2024 $6,712 $33,379 $9,648 $23,731
2023 $6,543 $31,812 $16,000 $15,812
2022 $6,543 $31,812 $16,000 $15,812
2021 $6,397 $31,810 $15,999 $15,811
2020 $7,234 $32,475 $26,048 $6,427
2019 $7,084 $35,258 $26,048 $9,210
2018 $6,965 $35,258 $26,048 $9,210
2017 $6,453 $29,976 $1,512 $28,464
2016 $6,004 $29,976 $1,512 $28,464
2015 $5,493 $29,976 $1,512 $28,464
2014 $4,857 $26,179 $1,259 $24,920
2013 $4,761 $26,179 $1,259 $24,920
Source: Public Records

Agents Affiliated with this Home

  • Klopas Stratton Team

    Seller's Agent in 2024

    Klopas Stratton Team

    Jameson Sotheby's Int'l Realty

    (312) 927-0334

    18 in this area

    548 Total Sales

    Klopas Stratton Team
    Section Image

  • J

    Seller Co-Listing Agent in 2024

    Jason Stratton

    Jameson Sotheby's Int'l Realty

    (312) 415-1551

    5 in this area

    144 Total Sales

    Jason Stratton
    Section Image
  • Leigh Marcus

    Buyer's Agent in 2024

    Leigh Marcus

    @ Properties

    (773) 645-0686

    13 in this area

    938 Total Sales

    Leigh Marcus
    Section Image

  • L

    Buyer's Agent in 2019

    Lindsey Richardson

    Baird & Warner

    (312) 890-8777

    1 in this area

    107 Total Sales

    Lindsey Richardson
    Section Image
  • Christopher Johnson

    Seller Co-Listing Agent in 2016

    Christopher Johnson

    Jameson Sotheby's Int'l Realty

    (847) 650-9507

    20 Total Sales

    Christopher Johnson
    Section Image
  • Michael Kennelly

    Buyer's Agent in 2016

    Michael Kennelly

    Coldwell Banker Realty

    (312) 310-9855

    1 in this area

    21 Total Sales

    Michael Kennelly
    Section Image
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About The Fairbanks at Cityfront Plaza

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11975824

Midwest Real Estate Data (MRED)

APN: 17-10-212-031-1038

Illinois Cook County Chicago 60611 Streeterville

240 E Illinois St Unit 803, Chicago, IL

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) 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.
Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID

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