Landlord's Agent in 2023
Nicholas Colagiovanni
Baird Warner
(312) 501-5151
53 in this area
195 Total Sales
340 On The Park 340 E Randolph St Unit 4503 Chicago, IL 60601
New East Side NeighborhoodEstimated Value: $1,928,792 - $2,403,000
3
Beds
3
Baths
2,750
Sq Ft
0.8
Acres
Highlights
- Doorman
- Fitness Center
- LEED For Homes Silver Status
- Steam Room
- Waterfront
- 1-minute walk to Lakeshore East Park
About This Home
As of April 2023The pinnacle of living in Lakeshore East's best positioned building with permanent, unobstructed and forever south, east and west views of Lake Michigan, three major Chicago Parks, some of the most significant architecture and institutions in Chicago. Residence 4503 features an immaculate and cohesive total and complete renovation of this split three bedroom and 3 full bathroom with 5" "tongue and groove" walnut hardwood floors throughout and hard wired electronic roller shades. Formal entry with stunning chandelier. Butler's pantry with wine refrigerator, refrigerator drawers, wet bar, floor to ceiling cabinetry and open shelving, straight edge, 1.25" quartz counters with full height backsplash. Cohesive and subtle cabinetry throughout this home by Graybill with dove tail joints, stainless steel and clear drawer and cabinet pulls. One of Residence 4503's showcase features is its floor to ceiling windows in every room. Vast and open living spaces with two seating areas for living, separate dining area and overflow for kitchen entertaining. Gas fireplace, elegant wainscoting, built in art display niches on each side. Central kitchen anchored by rectangular island with 2" mitered edge Quartzite counter, Chef's kitchen with Wolf built-in oven, gas cook top, vented culinary hood, SubZero with two freezer drawers, Sharp drawer microwave, Second Wolf oven, Miele dishwasher with incognito cabinet panel. Full height Quartzite backsplash, Quartzite counters, deep stainless steel sink, disposal, soap and hot/cold filtered water dispensers. Built-in hutch, glass paned upper cabinets for display. Elegant crown moldings and high baseboards, all custom, throughout this home. The primary suite features south facing balcony, built in, recessed armoires, His and Hers together, walk-in closet with drawers and hanging space, large enough for center ottoman, dressing area, makeup station for her. Bathroom dressed in large format stone and marble, features dual vanity, heated towel bar, toilet room, vertical sconces, frameless shower glass, built in marble seat. Second and third bedroom in the west wing with two full bathrooms, one ensuite and one directly across, both with furniture piece vanities, reverse bevel edge stone counter tops, walk-in closet, miniature marble grey and white floor tile, soaking tub, frameless shower glass, Kohler fixtures, walls dressed in an eagle grey large format glass mosaic tile and soaking tub across both bathrooms. Zoned heating and cooling through upgraded Ecobee thermostats. Laundry room with service entry and full size, stackable, Electrolux front load washer and dryer. Built in audio/visual. Two larger, side by side heated garage parking spaces, cooking gas, Internet through Silver IP, water, Direct TV, full staff, 25th floor amenities including 75' two lane indoor lap pool, whirlpool, sun terrace, two gas grills, Wintergarden, private dining and conference room, complete caterer's kitchen, 4,000 square gym with Pelotons, steam rooms and dry sauna are included in the rent. Dry cleaners, pedway access and easy access to Mariano's and the Village Market. Residence 4503 is the very best offering on the condominium luxury rental market: a perfect 10
Last Agent to Rent the Property
Baird & Warner License #475132688 Listed on: 02/27/2023
Last Renter's Agent
@properties Christie's International Real Estate License #475134000
Condo Details
Home Type
- Condominium
Est. Annual Taxes
- $29,738
Year Built
- Built in 2007
Lot Details
- 0.8
Parking
- 2 Car Attached Garage
- Garage ceiling height seven feet or more
- Heated Garage
- Garage Door Opener
- Circular Driveway
- Parking Included in Price
Home Design
- Reinforced Caisson Foundation
- Rubber Roof
- Concrete Perimeter Foundation
Interior Spaces
- 2,750 Sq Ft Home
- Wet Bar
- Bar
- Entrance Foyer
- Living Room
- Formal Dining Room
- First Floor Utility Room
- Wood Flooring
Kitchen
- Cooktop<<rangeHoodToken>>
- <<microwave>>
- High End Refrigerator
- Dishwasher
- Wine Refrigerator
- Stainless Steel Appliances
- Disposal
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Potential Bedrooms
- Walk-In Closet
- 3 Full Bathrooms
- Dual Sinks
- <<bathWithWhirlpoolToken>>
- Separate Shower
Laundry
- Laundry on main level
- Dryer
- Washer
Outdoor Features
- Terrace
Utilities
- Forced Air Zoned Heating and Cooling System
- Individual Controls for Heating
- Baseboard Heating
- 100 Amp Service
- Lake Michigan Water
Additional Features
- LEED For Homes Silver Status
- Waterfront
- Property is near a park
Listing and Financial Details
- Property Available on 3/1/23
- Rent includes water
- 12 Month Lease Term
Community Details
Overview
- 344 Units
- Elizabeth Sarthy Association, Phone Number (312) 938-3576
- High-Rise Condominium
- Property managed by First Service Residential
- 62-Story Property
Amenities
- Doorman
- Valet Parking
- Sundeck
- Steam Room
- Party Room
- Elevator
- Service Elevator
- Package Room
- Community Storage Space
Recreation
- Community Spa
- Bike Trail
Pet Policy
- No Pets Allowed
Security
- Resident Manager or Management On Site
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 2, 2022
Closed on
Apr 4, 2022
Sold by
Lachman Thomas C and Lachman Rhonda B
Bought by
Kinney Taylor
Seller's Agent
David Porter
Porter Group Real Estate
Buyer's Agent
Nicholas Colagiovanni
Baird & Warner
List Price
$2,999,000
Sold Price
$2,750,000
Premium/Discount to List
-$249,000
-8.3%
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
-$513,736
Avg. Annual Appreciation
-6.09%
Original Mortgage
$1,900,000
Outstanding Balance
$1,771,481
Interest Rate
2.7%
Estimated Equity
$464,783
Purchase Details
Listed on
Feb 2, 2022
Closed on
Mar 8, 2022
Sold by
Lachman Thomas C and Lachman Rhonda B
Bought by
Kinney Taylor
Seller's Agent
David Porter
Porter Group Real Estate
Buyer's Agent
Nicholas Colagiovanni
Baird & Warner
List Price
$2,999,000
Sold Price
$2,750,000
Premium/Discount to List
-$249,000
-8.3%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,900,000
Outstanding Balance
$1,771,481
Interest Rate
2.7%
Estimated Equity
$464,783
Purchase Details
Closed on
Dec 21, 2017
Sold by
Gajek Marion and Gajek Sarah J
Bought by
Lachman Thomas C and Lachman Rhonda B
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,184,000
Interest Rate
3.5%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Closed on
Dec 13, 2007
Sold by
340 East Randolph Llc
Bought by
Gajek Marion and Gajek Sarah J
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 |
|---|---|---|---|
| Kinney Taylor | -- | -- | |
| Kinney Taylor | $2,750,000 | Proper Title | |
| Kinney Taylor | -- | -- | |
| Lachman Thomas C | $2,730,000 | Chicago Title | |
| Gajek Marion | $2,005,000 | Cti |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Kinney Taylor | $1,900,000 | |
| Closed | Kinney Taylor | $1,900,000 | |
| Previous Owner | Lachman Rhonda B | $250,000 | |
| Previous Owner | Lachman Thomas C | $2,184,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/11/2024 11/11/24 | Off Market | $3,300 | -- | -- |
| 10/02/2024 10/02/24 | For Rent | $3,300 | -80.0% | -- |
| 04/17/2023 04/17/23 | Rented | $16,500 | -8.3% | -- |
| 04/12/2023 04/12/23 | Under Contract | -- | -- | -- |
| 03/17/2023 03/17/23 | Price Changed | $18,000 | -10.0% | $7 / Sq Ft |
| 02/27/2023 02/27/23 | For Rent | $20,000 | 0.0% | -- |
| 03/28/2022 03/28/22 | Sold | $2,750,000 | -8.3% | $1,000 / Sq Ft |
| 02/11/2022 02/11/22 | Pending | -- | -- | -- |
| 02/02/2022 02/02/22 | For Sale | $2,999,000 | -- | $1,091 / 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 | $29,738 | $126,850 | $2,646 | $124,204 |
| 2023 | $33,322 | $140,946 | $2,135 | $138,811 |
| 2022 | $33,322 | $165,430 | $2,135 | $163,295 |
| 2021 | $32,597 | $165,429 | $2,135 | $163,294 |
| 2020 | $33,989 | $155,679 | $1,933 | $153,746 |
| 2019 | $33,376 | $169,554 | $1,933 | $167,621 |
| 2018 | $32,814 | $169,554 | $1,933 | $167,621 |
| 2017 | $27,749 | $134,981 | $1,599 | $133,382 |
| 2016 | $26,178 | $134,981 | $1,599 | $133,382 |
| 2015 | $23,911 | $134,981 | $1,599 | $133,382 |
| 2014 | $23,994 | $131,891 | $1,473 | $130,418 |
| 2013 | $23,509 | $131,891 | $1,473 | $130,418 |
Source: Public Records
Agents Affiliated with this Home
-
Nicholas Colagiovanni
-
Barbara Proctor
Tenant's Agent in 2023
Barbara Proctor
@ Properties
(312) 320-0863
1 in this area
55 Total Sales
-
David Porter
Seller's Agent in 2022
David Porter
Porter Group Real Estate
(312) 313-1447
11 in this area
48 Total Sales
About 340 On The Park
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11726295
APN: 17-10-318-058-1269
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