NOT LISTED FOR SALE

Estimated Value: $4,015,000 - $6,618,991

4 Beds
5 Baths
5,400 Sq Ft
$6,378/mo HOA Fee

Last Sold March 07, 2025

Last sale price $10,125,000 $1,875 Per Sq Ft

Est. 47% decrease in value since last sale

Current estimated payment $42,171/month

51 Days on Market

Highlights

  • Doorman
  • 3-minute walk to Clark/Division Station
  • Penthouse
  • Lincoln Park High School Rated A
  • Fitness Center
  • 2-minute walk to Mariano (Louis) Park

About This Home

As of March 2025

True excellence can only be achieved when every step in the design process is in pursuit of perfection - Introducing Penthouse 23. Experience an extraordinary lifestyle and the pinnacle of luxury at the exclusive full-floor penthouse at 4 E. Elm. Originally purchased as raw space, the current owners dedicated two years to meticulously design and custom build this exquisite residence. With the expertise of esteemed architect Paul Konstant of Konstant Architecture Planning and Interior Designer Natalie Konstant, this sophisticated four-bedroom, three-and-two half-bath residence offers discerning buyers the perfect blend of location, scale, light, views and outdoor space in a boutique building in the heart of the Gold Coast. Upon entering through the elevator that opens into your unit, you are greeted by a striking formal gallery with 11 ft ceilings that set the stage for the exquisite interiors beyond. Wide plank hardwood floors with herringbone inlay lead you to the gorgeous living room, adorned with floor-to-ceiling windows, custom millwork, built-in bookcases and unparalleled panoramic views of the skyline to the south, Lake Michigan to the east, and the vibrant city neighborhoods to the west. Transition seamlessly from the living room to the formal dining area and lounge with forever views of Lake Michigan and the Gold Coast's architecture. The style of this unique room is both sophisticated and luxurious inspired by a high-end hotel in London's Mayfair district. It features striking black walls, a Moooi Heracleum III light fixture hanging from the fret decorated ceiling. The bar itself is a piece of art, adorned with St. Laurent marble countertops, a hand-blown Murano glass light fixture, elegant solid brass and glass shelving, Sub-Zero wine fridge and four beverage drawers, ice maker, dishwasher and polish nickel hammered sinks. Step out to the most phenomenal entertaining terrace spanning 60ft; the entire south exposure of the building. This unrivaled outdoor oasis is a host's dream with built-in heat lamps, gas firepit and the ideal backdrop for cocktail parties, alfresco dining or simply relaxing as the city surrounds you. The eat in kitchen exudes functionality and style, centered around a lake view that is beautifully framed by oversized East facing windows. Meticulously appointed with every refined element the gourmet would desire, such as beautiful custom cabinetry, Marquina Quartzite countertops, state-of-the-art integrated professional-grade appliances, including a La Cornue range, cabinetry and hood offering an uncompromising culinary performance. Gorgeous Paul Ferrante light fixtures anchor the center island, while the built-in bookshelves, plate racks and a built-in coffee bar enhance the space's appeal. Just off the kitchen is a cozy family room situated in the northeast corner of the home with amazing lake and city views and a second terrace. The Primary suite was designed to provide ultimate comfort and tranquility with exceptional light and views. Enveloped in grasscloth wallcoverings, this retreat features two separate dressing rooms and a luxurious primary bath with floor to ceilings windows, heated marble floors, and direct access to the third terrace. A crafted vanity with Venetino Gioya Polished marble, center chandelier by Lisa Fontanarosa and a magnificent, honed Carrara marble wrapped floor-to-ceiling glass enclosed rain shower complete this gorgeous space. Two additional West facing ensuite bedrooms with large closets and gorgeous marble bathrooms with heated floors. The fourth bedroom or home office is configured for the ultimate home office space in a custom Alder wood finish. Control 4 home automates window treatments, lighting, music, security and temperature control and comprehensive soundproofing installed with acoustical tiles in the ceiling and walls doesn't just dampen sound, it eliminates it. Three garage spots are included- two additional parking spaces available for purchase.

Last Agent to Sell the Property

Sharon O'Hara

@properties Christie's International Real Estate Listed on: 08/06/2024

@properties Christie's International Real Estate

Co-Listed By

Carrie McCormick

@properties Christie's International Real Estate License #475123706

Last Buyer's Agent

Emily Sachs Wong

@properties Christie's International Real Estate License #475104005

@properties Christie's International Real Estate

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $99,502

Year Built

  • Built in 2016

Lot Details

  • Additional Parcels

HOA Fees

  • $6,378 Monthly HOA Fees

Parking

  • 4 Car Attached Garage
  • Handicap Parking
  • Garage Transmitter
  • Garage Door Opener
  • Parking Included in Price

Home Design

  • Penthouse
  • Reinforced Caisson Foundation
  • Concrete Perimeter Foundation

Interior Spaces

  • 5,400 Sq Ft Home
  • Wet Bar
  • Built-In Features
  • Bookcases
  • Bar Fridge
  • Bar
  • Historic or Period Millwork
  • Coffered Ceiling
  • Shades
  • Blinds
  • Mud Room
  • Entrance Foyer
  • Family Room
  • Living Room
  • Formal Dining Room
  • Storage
  • Gallery

Kitchen

  • Double Oven
  • Gas Cooktop
  • Range Hood
  • Microwave
  • High End Refrigerator
  • Freezer
  • Dishwasher
  • Wine Refrigerator
  • Disposal

Flooring

  • Wood
  • Partially Carpeted
  • Heated Floors

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • Walk-In Closet
  • Dual Sinks
  • Soaking Tub
  • Shower Body Spray

Laundry

  • Laundry Room
  • Laundry in multiple locations
  • Dryer
  • Washer
  • Sink Near Laundry

Accessible Home Design

  • Accessibility Features
  • Level Entry For Accessibility

Outdoor Features

  • Balcony
  • Terrace

Schools

  • Ogden Elementary
  • Lincoln Park High School

Utilities

  • Forced Air Zoned Heating and Cooling System
  • 200+ Amp Service
  • Lake Michigan Water
  • Water Purifier

Community Details

Overview

  • Association fees include heat, air conditioning, water, parking, insurance, doorman, exterior maintenance, scavenger, snow removal
  • 35 Units
  • Rachael Owens Association, Phone Number (312) 255-1938
  • High-Rise Condominium
  • Property managed by 4 EAST ELM ST. CONDO ASSOCIATION
  • 23-Story Property

Amenities

  • Doorman
  • Sundeck
  • Common Area
  • Service Elevator
  • Elevator

Recreation

  • Fitness Center
  • Community Pool
  • Community Spa

Pet Policy

  • Dogs and Cats Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$99,502

Year Built

Built in 2016

Lot Details

0

HOA Fees

$6,378 per month

Parking

4

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: Condo,High Rise (7+ Stories),Penthouse
  • Ownership: Condo
  • New Construction: No
  • Property Sub-Type: Condo,High Rise (7+ Stories),Penthouse
  • Year Built: 2016
  • Age: 6-10 Years
  • Built Before 1978 (Y/N): No
  • Disability Access and/or Equipped: Yes
  • General Information: Commuter Bus,Commuter Train
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Unit Floor Level: 23
  • Actual Status: Closed
  • ResoPropertyType: Residential
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 23

Interior Features

  • Appliances: Double Oven, Range, Microwave, Dishwasher, High End Refrigerator, Bar Fridge, Freezer, Washer, Dryer, Disposal, Wine Refrigerator, Oven, Range Hood, Water Purifier, Gas Cooktop
  • Basement: None
  • Accessibility Features: Main Level Entry, Disabled Parking
  • Full Bathrooms: 3
  • Half Bathrooms: 2
  • Total Bathrooms: 5
  • Total Bedrooms: 4
  • Interior Amenities: Bar-Wet, Elevator, Hardwood Floors, Heated Floors, First Floor Laundry, Laundry Hook-Up in Unit, Storage, Built-in Features, Walk-In Closet(s), Bookcases, Coffered Ceiling(s), Some Carpeting, Special Millwork, Doorman, Drapes/Blinds, Separate Dining Room
  • LivingArea: 5400
  • Room Type: Walk In Closet, Foyer, Mud Room, Terrace, Gallery, Other Room
  • Stories Total: 23
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: None
  • Bathroom Amenities: Double Sink,Full Body Spray Shower,Soaking Tub
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Separate
  • Total Sq Ft: 0
  • Window Features: Shades,Window Treatments
  • Flooring: Hardwood
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • ExteriorFeatures: Balcony
  • Foundation Details: Concrete Perimeter, Reinforced Caisson
  • Lot Features: Common Grounds, Corner Lot
  • Waterfront: No
  • Exterior Building Type: Glass

Garage/Parking

  • Garage Spaces: 4
  • ParkingTotal: 4
  • Garage Details: Garage Door Opener(s),Transmitter(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Electric: 200+ Amp Service
  • Heating: Forced Air, Zoned
  • Laundry Features: In Unit, Multiple Locations, Sink
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK
  • Association Fee: 6378
  • Association Amenities: Door Person, Elevator(s), Exercise Room, Sundeck, Pool, Service Elevator(s), Spa/Hot Tub
  • Association Fee Frequency: Monthly
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: 4 EAST ELM ST. CONDO ASSOCIATION
  • Management Contact Name: Rachael Owens
  • Management Phone: 312-255-1938
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Heat, Air Conditioning, Water, Parking, Insurance, Doorman, Exterior Maintenance, Scavenger, Snow Removal

Schools

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

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: Yes
  • Max Pet Weight: 999

Tax Info

  • Tax Annual Amount: 99502.12
  • Tax Year: 2023
  • Tax Exemptions: None

Multi Family

  • Units in Building: 35

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 6, 2024
Closed on
Mar 6, 2025
Sold by
4 Summer Elm Llc
Bought by
Chicago Title Land Trust
Seller's Agent
Sharon O'Hara
@properties Christie's International Real Estate
Buyer's Agent
Emily Sachs Wong
@properties Christie's International Real Estate
List Price
$10,800,000
Sold Price
$10,125,000
Premium/Discount to List
-$675,000
-6.25%
Views
118
Current Estimated Value
$5,316,996

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$4,808,004
Avg. Annual Appreciation
-57.63%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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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
Chicago Title Land Trust $9,784,000 Chicago Title
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/07/2025 03/07/25 Sold $10,125,000 -6.3% $1,875 / Sq Ft
09/07/2024 09/07/24 Pending -- -- --
07/17/2024 07/17/24 For Sale $10,800,000 +61.4% $2,000 / Sq Ft
06/02/2016 06/02/16 Pending -- -- --
06/02/2016 06/02/16 For Sale $6,690,000 0.0% $1,239 / Sq Ft
05/20/2016 05/20/16 Sold $6,692,192 -- $1,239 / Sq Ft View Prior Sale
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

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 $94,220 $448,396 $15,786 $432,610
2023 $91,850 $446,562 $12,710 $433,852
2022 $91,850 $446,562 $12,710 $433,852
2021 $98,356 $489,114 $12,709 $476,405
2020 $80,923 $363,259 $6,239 $357,020
2019 $101,173 $503,569 $6,239 $497,330
2018 $99,472 $503,569 $6,239 $497,330
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12111701

Midwest Real Estate Data (MRED)

APN: 17-03-200-087-1032