Metropolitan Tower 310 S Michigan Ave Unit 2502 Chicago, IL 60604
The Loop Neighborhood
3
Beds
3.5
Baths
3,817
Sq Ft
$4,125/mo
HOA Fee
Highlights
- Doorman
- 3-minute walk to Jackson Station (Red Line)
- Wood Flooring
- South Loop Elementary School Rated 9+
- Fitness Center
- 4-minute walk to Pritzker Park
About This Home
As of November 2024Introducing this exceptional residence of unmatched distinction poised high above Michigan Avenue with remarkable views from the 25th floor of the iconic Metropolitan Tower. This sophisticated two-level home was designed with a nod to the building's pre-war architecture and no expense spared in building out the space to take advantage of the forever views of some of Chicago's most iconic landmarks, including the lakefront, Millennium Park, Buckingham Fountain, the Bean & Maggie Daley Park, Museum Campus & Soldier Field and summertime views of the twice-weekly fireworks at Navy Pier. The true showstopper of this home is the southeast facing 1900 square foot private terrace that is directly accessed from steel-windowed doors within the home and was designed by acclaimed Hoerr Schaudt and boasts imported limestone, a fountain, custom copper pergola, irrigated planters is a refined outdoor oasis for entertaining and enjoying the magnificent spectacle that is the Chicago skyline. The interior offers timeless, finely crafted detail at every turn with a functional floorplan and rooms that were situated to take advantage of the view, natural sunlight and are ideal for entertaining. The main level offers a grand foyer entrance with a sweeping rotunda-style steel staircase that opens to an elegant, oversized living room with east and south-facing views, anchored by a fireplace, custom moldings throughout and soaring ceiling height. The oversized dining room offers a beautiful walnut built-in with both a hidden bar space and an abundance of storage with expansive south-facing views and opens to a gorgeous kitchen with custom inlay cabinetry, marble countertops, commercial appliances and plenty of storage. The bedroom level features three large bedrooms including an expansive east-facing primary suite that offers an abundance of space, a sitting area, separate dressing room with vanity and huge, professionally-designed and paneled closet with large island and grand east views, gorgeous cabinetry, barreled ceiling, separate soaking tub and steam shower. Two additional ensuite bedrooms each with gorgeous views of the terrace and beautifully-appointed marble bathrooms with showers, a large laundry room with additional appliances that can function as a catering kitchen, storage and a separate entrance complete this level. A private elevator entrance for only two residences can be accessed from both floors of the home and allows for easy transport to the three parking spaces on the first floor of the secured parking garage. Two large storage rooms also included. All ideally located in this gorgeous building with 24 hour door staff, management, exercise room and event space. Just steps to some of the cultural highlights in the city, including museums, parks and the lakefront.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $43,252
Year Built
- Built in 1924
HOA Fees
- $4,125 Monthly HOA Fees
Parking
- 3 Car Attached Garage
- Garage Door Opener
- Parking Included in Price
Interior Spaces
- 3,817 Sq Ft Home
- Historic or Period Millwork
- Ceiling height of 10 feet or more
- Gas Log Fireplace
- Blinds
- Entrance Foyer
- Great Room with Fireplace
- Family Room
- Living Room with Fireplace
- Formal Dining Room
- Gallery
- Home Gym
Flooring
- Wood
- Carpet
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Potential Bedrooms
- Walk-In Closet
- Dual Sinks
- Soaking Tub
- Steam Shower
- Separate Shower
Laundry
- Laundry Room
- Washer and Dryer Hookup
Schools
- South Loop Elementary School
- Phillips Academy High School
Utilities
- Central Air
- Heating System Uses Natural Gas
- Lake Michigan Water
Additional Features
- Terrace
- Additional Parcels
Community Details
Overview
- Association fees include heat, air conditioning, water, gas, parking, insurance, doorman, tv/cable, exercise facilities, exterior maintenance, scavenger, snow removal, internet
- 210 Units
- Dick Parizek Association, Phone Number (312) 994-9111
- Property managed by Habitat
- 30-Story Property
Amenities
- Doorman
- Sundeck
- Party Room
- Elevator
- Service Elevator
- Community Storage Space
Recreation
- Bike Trail
Pet Policy
- Pets up to 80 lbs
- Limit on the number of pets
- Pet Size Limit
- Dogs and Cats Allowed
Security
- Resident Manager or Management On Site
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 19, 2024
Closed on
Nov 18, 2024
Sold by
Ohalleran Michael D and Ohalleran Kay R
Bought by
Agarwal Manish and Gupta Tarana
Seller's Agent
Jeffrey Lowe
Compass
Buyer's Agent
Mary Breclaw
Jameson Sotheby's Intl Realty
List Price
$3,875,000
Sold Price
$3,200,000
Premium/Discount to List
-$675,000
-17.42%
Views
66
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
-$723,370
Avg. Annual Appreciation
-27.41%
Purchase Details
Closed on
Aug 27, 2008
Sold by
310 South Michigan Avenue Llc
Bought by
Ohalleran Michael D and Ohalleran Kay R
Similar Homes in Chicago, IL
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $3,200,000 | Chicago Title | |
| Warranty Deed | $3,200,000 | Chicago Title | |
| Warranty Deed | $3,246,500 | Near North National Title |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/20/2024 11/20/24 | Sold | $3,200,000 | -17.4% | $838 / Sq Ft |
| 10/09/2024 10/09/24 | Pending | -- | -- | -- |
| 09/19/2024 09/19/24 | For Sale | $3,875,000 | -- | $1,015 / 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 | $41,987 | $172,177 | $10,893 | $161,284 |
| 2023 | $40,931 | $199,000 | $8,781 | $190,219 |
| 2022 | $40,931 | $199,000 | $8,781 | $190,219 |
| 2021 | $40,017 | $199,000 | $8,781 | $190,219 |
| 2020 | $42,177 | $189,332 | $7,956 | $181,376 |
| 2019 | $41,429 | $206,204 | $7,956 | $198,248 |
| 2018 | $40,732 | $206,204 | $7,956 | $198,248 |
| 2017 | $40,264 | $187,041 | $6,584 | $180,457 |
| 2016 | $37,462 | $187,041 | $6,584 | $180,457 |
| 2015 | $34,275 | $187,041 | $6,584 | $180,457 |
| 2014 | $24,603 | $132,603 | $9,328 | $123,275 |
| 2013 | $24,117 | $132,603 | $9,328 | $123,275 |
Source: Public Records
Agents Affiliated with this Home
-
Jeffrey Lowe
Seller's Agent in 2024
Jeffrey Lowe
Compass
(312) 883-3030
2 in this area
1,091 Total Sales
-
Joseph Larkin
Seller Co-Listing Agent in 2024
Joseph Larkin
@ Properties
(312) 607-8010
1 in this area
75 Total Sales
-
Mary Breclaw
M
Buyer's Agent in 2024
Mary Breclaw
Jameson Sotheby's Intl Realty
1 in this area
14 Total Sales
About Metropolitan Tower
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 12165113
APN: 17-15-107-078-1478
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