NOT LISTED FOR SALE

Estimated Value: $2,339,454 - $2,559,000

5 Beds
5.5 Baths
5,000 Sq Ft
$485/Sq Ft Est. Value

Sale Details

Date Sold: April 2, 2025

Last sale price $2,320,000 $464 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $16,783 / mo

23 Days on Market

Highlights

  • Fireplace in Primary Bedroom
  • 4-minute walk to Clark/Division Station
  • Recreation Room
  • Lincoln Park High School Rated A
  • Deck
  • 2-minute walk to Goudy (William) Square Park

About This Home

As of April 2025

An incredible opportunity to own this historic Potter Palmer mansion in the heart of Chicago's Gold Coast. This exquisite residence has maintained much of its vintage charm and original details while the baths and kitchen have been luxuriously modernized. With 5 bedrooms, 5.1 baths, 7 fireplaces, and 5000 SQFT, this home has it all. Upon entry, an inviting living room welcomes you home with giant bay windows, inlaid hardwood floors, a fireplace, and ample room for a baby grand piano or to entertain. Pocket doors in the living room, dining room, and the kitchen allow for all formal rooms to be closed off or left open for a seamless, open layout. The formal dining room with its fireplace with marble surround and an elegantly paneled staircase as a backdrop can accommodate large crowds and intimate gatherings alike. A powder room is conveniently located between the kitchen and the dining room. The modern, renovated kitchen features stone flooring, Wenge cabinets, granite counters, top-of-the-line appliances, and a breakfast bar. The kitchen opens to a family room / breakfast room with a fireplace and direct access to a terrace, ideal for grilling or dining al fresco. Up the intricately carved wooden staircase lined by gleaming paneled walls, a hallway lit by a skylight leads to the primary suite. A serene oasis, the primary suite features a graciously sized bedroom with bay windows overlooking treetop views, a fireplace, a custom walk-in closet/dressing room, and an ensuite bath with a soaking tub, separate shower, double sinks, and a separate vanity. Down the hallway is a large bedroom with a fireplace and a full marble bath with shower. The third level has three large bedrooms and two beautifully appointed baths. The finished lower level has a separate entrance, a recreation room, full bath, and laundry and mudroom off the attached 2 car garage. Ideally located in the heart of the Gold Coast within close proximity to the lakefront, Oak Street Beach, 5-Star dining, world class shopping, theaters, nightlife, parks, playgrounds, and public transportation. Welcome home!

Last Agent to Sell the Property

Carrie McCormick

@properties Christie's International Real Estate License #475123706 Listed on: 01/28/2025

@properties Christie's International Real Estate

Last Buyer's Agent

Morgan Sage

Berkshire Hathaway HomeServices Chicago License #475145394

Berkshire Hathaway HomeServices Chicago

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $44,694

Year Built

  • Built in 1888

Lot Details

  • Lot Dimensions are 86x21

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Off Alley Parking
  • Parking Included in Price

Interior Spaces

  • 5,000 Sq Ft Home
  • 3-Story Property
  • Wet Bar
  • Skylights
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Dining Room with Fireplace
  • 7 Fireplaces
  • Formal Dining Room
  • Recreation Room

Kitchen

  • Double Oven
  • Range
  • Freezer
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Stone

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Potential Bedrooms
  • Fireplace in Primary Bedroom
  • Walk-In Closet
  • Dual Sinks
  • Soaking Tub
  • Separate Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Finished Basement

  • Basement Fills Entire Space Under The House
  • Finished Basement Bathroom
  • Natural lighting in basement

Outdoor Features

  • Deck
  • Terrace

Schools

  • Ogden Elementary
  • Lincoln Park High School

Utilities

  • SpacePak Central Air
  • Heating System Uses Steam
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Home Details

Home Type

Single Family

Est. Annual Taxes

$44,694

Year Built

Built in 1888

Lot Details

1,786 Sq Ft Lot

Parking

2

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 3 Stories
  • Ownership: Fee Simple
  • New Construction: No
  • Property Sub-Type: 3 Stories
  • Year Built: 1888
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Actual Status: Closed
  • ResoPropertyType: Residential
  • SomePhotosVirtuallyStaged: No
  • MRD_WaterViewYN: No
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Double Oven, Range, Dishwasher, Refrigerator, Freezer, Washer, Dryer, Disposal
  • Basement: Finished, Full, Daylight
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bathrooms: 6
  • Total Bedrooms: 5
  • Fireplaces: 7
  • Interior Amenities: Skylight(s), Bar-Wet, Hardwood Floors, Walk-In Closet(s)
  • LivingArea: 5000
  • Room Type: Bedroom 5, Recreation Room, Walk In Closet, Terrace
  • Estimated Total Finished Sq Ft: 0
  • Bathroom Amenities: Separate Shower,Double Sink,Soaking Tub
  • Basement Bathrooms: Yes
  • Below Grade Bedrooms: 0
  • Dining Room: Separate
  • Fireplace Location: Family Room,Living Room,Master Bedroom,Other,Bedroom,Dining Room
  • Total Sq Ft: 0
  • Flooring: Hardwood
  • ResoLivingAreaSource: Estimated

Exterior Features

  • Patio And Porch Features: Deck
  • Waterfront: No

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Off Alley, Garage Door Opener, On Site, Garage Owned, Attached, Garage
  • ParkingTotal: 2

Utilities

  • Sewer: Public Sewer
  • Cooling: Space Pac
  • Heating: Natural Gas, Steam
  • Laundry Features: In Unit
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • Master Association Fee Frequency: Not Required

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Ogden Elementary
  • High School: Lincoln Park High School
  • Middle/Junior School: Ogden Elementary

Lot Info

  • Lot Dimensions: 86X21
  • Rural (Y/N): N
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 44693.78
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 28, 2025
Closed on
Mar 27, 2025
Sold by
Heather J Johnston 1993 Trust and Johnston John A
Bought by
Patil Yash J and Patil Reena D
Seller's Agent
Carrie McCormick
@properties Christie's International Real Estate
Buyer's Agent
Morgan Sage
Berkshire Hathaway HomeServices Chicago
List Price
$2,295,000
Sold Price
$2,320,000
Premium/Discount to List
$25,000
1.09%
Views
43
Current Estimated Value
$2,424,614

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$104,614
Avg. Annual Appreciation
4.51%
Original Mortgage
$1,999,999
Outstanding Balance
$1,983,778
Interest Rate
6.63%
Mortgage Type
New Conventional
Estimated Equity
$440,836

Purchase Details

Closed on
Jul 21, 2006
Sold by
Chicago Title Land Trust Co
Bought by
Nayar Arun and Nayar Rina G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,556,000
Interest Rate
5.62%
Mortgage Type
Unknown

Purchase Details

Closed on
Jul 27, 2004
Sold by
Powles Justine Knipper
Bought by
Chicago Title Land Trust Co and Trust #1113387

Purchase Details

Closed on
Mar 4, 1998
Sold by
Choyke Christopher and Choyke Tyler
Bought by
Powles Justine K

Purchase Details

Closed on
Feb 28, 1995
Sold by
Choyke Phyllis M
Bought by
Choyke Christopher and Choyke Tyler
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

Date Buyer Sale Price Title Company
Patil Yash J $2,320,000 Chicago Title
Nayar Arun $1,945,000 Fort Dearborn Land Title
Chicago Title Land Trust Co -- Chicago Title Co
Powles Justine K $575,000 --
Choyke Christopher -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Patil Yash J $1,999,999
Previous Owner Nayar Arun $1,556,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/02/2025 04/02/25 Sold $2,320,000 +1.1% $464 / Sq Ft
02/21/2025 02/21/25 Pending -- -- --
01/28/2025 01/28/25 Price Changed $2,295,000 0.0% $459 / Sq Ft
01/28/2025 01/28/25 For Sale $2,295,000 -- $459 / 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 $44,694 $233,046 $55,362 $177,684
2024 $44,694 $233,046 $55,362 $177,684
2023 $46,706 $215,144 $44,575 $170,569
2022 $46,706 $230,500 $44,575 $185,925
2021 $55,917 $281,400 $44,575 $236,825
2020 $44,454 $202,655 $31,202 $171,453
2019 $46,012 $232,443 $31,202 $201,241
2018 $45,237 $232,443 $31,202 $201,241
2017 $44,714 $211,088 $24,962 $186,126
2016 $43,604 $220,205 $24,962 $195,243
2015 $39,871 $220,205 $24,962 $195,243
2014 $32,932 $180,063 $21,396 $158,667
2013 $32,749 $180,063 $21,396 $158,667
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12256943

Midwest Real Estate Data (MRED)

APN: 17-03-200-012-0000

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