NOT LISTED FOR SALE

Estimated Value: $4,698,000 - $5,494,000

11 Beds
9 Baths
10,774 Sq Ft
$465/Sq Ft Est. Value

Sale Details

Date Sold: February 3, 2022

Last sale price $3,150,000 $292 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $33,581 / mo

226 Days on Market

Highlights

  • Fireplace in Primary Bedroom
  • Formal Dining Room
  • Detached Garage
  • Lincoln Park High School Rated A

About This Home

As of February 2022

"The opportunity to reimagine this magnificent property for the 21st century is an alluring proposition for those innovative souls committed to preserving this remarkable corner of the world." 40 East Burton Place represents one of the last remaining architectural treasures of this bygone era. Never before offered on the market, the classic Georgian Style estate commands a prominent Northeast corner wrapping both Astor Street and Burton Place. Built in 1909 the residence was commissioned by John L. Shortall and built by the architectural firm of Schmidt, Garden & Martin. The firm was famous locally for building the Ambassador Hotel, also noteworthy are numerous private residences on Astor Street and significant estates in Winnetka and Lake Forest built by the well-respected team. The residence occupies an enviable scale of property for such a premier location. Encompassing over two city lots ( 57' wide x 105' deep), the property enjoys a spacious drive, two-car garage and ample private parking for up to six cars with a Burton Place curb cut. The sprawling side garden on Astor Street provides a serene setting for a myriad of al fresco pursuits. The opportunity to reimagine this magnificent property for the 21st century is an alluring proposition for those innovative souls committed to preserving this remarkable corner of the world. The residence consists of four levels and over 10,000 square feet. The gracious entry foyer gallery establishes an ideal flow while large formal rooms overlook the sylvan neighborhood with the Lake glistening in the backdrop to the East. The commercial grade kitchen is ample in size and adjoining rooms create an opportunity for a true magazine-worthy showplace. The richly paneled dining room was created in 1932, an addition and renovation designed by the renowned David Adler. One of the home's five fireplaces graces this handsome oversized space, an ideal locale for entertaining of all scales. The home currently features over 10 bedrooms located on the first, third and fourth levels as well as six full and one half bath. The Astor Street District in Chicago's Gold Coast is perhaps the most coveted area of the city's treasured remaining historic estates. The quiet, tree-lined streets that stretch from Division Street all the way up to North Avenue, provide quintessential Gold Coast living in a location that's close to just about anything you could want in a home; the Lake, the Park, and the Loop are all just steps away from your front door. Constructed over a period of more than 100 years, the buildings along the Astor Street neighborhood reflect the fashionable styles favored by their original high-society residents.

Last Agent to Sell the Property

Klopas Stratton Team

Jameson Sotheby's Int'l Realty License #471009697 Listed on: 06/08/2021

Jameson Sotheby's Int'l Realty

Co-Listed By

Jason Stratton

Jameson Sotheby's Int'l Realty License #475138400

Last Buyer's Agent

Jesse Masin

@properties Christie's International Real Estate License #475125761

@properties Christie's International Real Estate

Home Details

Home Type

  • Single Family

Year Built

  • 1909

Lot Details

  • 5,663

Parking

  • Detached Garage
  • Garage Door Opener
  • Parking Included in Price

Home Design

  • Brick Exterior Construction

Interior Spaces

  • Fireplace in Primary Bedroom
  • 10,774 Sq Ft Home
  • 3-Story Property
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Formal Dining Room
  • Finished Basement
  • Finished Basement Bathroom

Home Details

Home Type

Single Family

Year Built

1909

Lot Details

5,663 Sq Ft Lot

Parking

2

Listing Details

  • Property Type: Detached Single
  • Property Type: Residential
  • Type Detached: 3 Stories
  • Property Sub Type: 3 Stories
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: Historical District
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Architectural Style: Georgian
  • Co List Office Mls Id: MRD10317
  • Co List Office Phone: (312) 944-8900
  • Directions: Corner of Burton and Astor, 1/2 block west of inner Lake Shore Drive, easy parking in driveway
  • Lot Size: 57 X 105
  • New Construction: No
  • Ownership: Fee Simple
  • Actual Status: Closed
  • Special Features: None
  • Year Built: 1909

Interior Features

  • Appliances: Range, Dishwasher, Refrigerator, Washer, Dryer, Range Hood
  • Has Basement: Full
  • Estimated Total Finished Sq Ft: 10774
  • Basement Description: Finished,Partially Finished
  • Basement Bathrooms: Yes
  • Below Grade Bedrooms: 2
  • Dining Room: Separate
  • Fireplace Location: Family Room,Living Room,Master Bedroom,Other
  • Total Sq Ft: 10774
  • Full Bathrooms: 6
  • Half Bathrooms: 3
  • Possible Bedrooms: 11
  • Total Bedrooms: 9
  • Fireplaces: 4
  • Interior Amenities: Skylight(s), Hardwood Floors, Built-in Features
  • Dining Room Type: Bedroom 5, Bedroom 6, Bedroom 7, Bedroom 8, Bedroom 9, Bedroom 10, Bedroom 11, Breakfast Room, Foyer, Storage, Utility Room-Lower Level

Exterior Features

  • Roof: Tile
  • Exterior Building Type: Brick
  • Lot Features: Corner Lot
  • Waterfront: No

Garage/Parking

  • Number of Cars: 2
  • Driveway: Concrete,Side Drive
  • Garage Details: Garage Door Opener(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage
  • Garage Spaces: 2

Utilities

  • Cooling: Central Air, Zoned
  • Heating: Steam, Radiator(s)
  • Laundry Features: In Unit
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Fee Information

  • Association Fee Includes: None

Schools

  • Junior High Dist: 299
  • Middle Or Junior School: Ogden Elementary

Lot Info

  • Rural (Y/N): N
  • Lot Size: Oversized Chicago Lot
  • Special Assessments: N
  • Additional Parcels: No

Rental Info

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

Tax Info

  • Tax Exemptions: Other
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 8, 2021
Closed on
Feb 16, 2022
Sold by
Greek Orthodox Metropolis Of Chicago
Bought by
Chicago Title Land Trust Co
Seller's Agent
Klopas Stratton Team
Jameson Sotheby's Int'l Realty
Buyer's Agent
Jesse Masin
@properties Christie's International Real Estate
List Price
$3,995,000
Sold Price
$3,150,000
Premium/Discount to List
-$845,000
-21.15%
Current Estimated Value
$5,015,100

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,865,100
Avg. Annual Appreciation
11.86%

Purchase Details

Listed on
Jun 8, 2021
Closed on
Jan 25, 2022
Sold by
Greek Orthodox Metropolis Of Chicago
Bought by
Chicago Title Land Trust Co
Seller's Agent
Klopas Stratton Team
Jameson Sotheby's Int'l Realty
Buyer's Agent
Jesse Masin
@properties Christie's International Real Estate
List Price
$3,995,000
Sold Price
$3,150,000
Premium/Discount to List
-$845,000
-21.15%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Co -- --
Chicago Title Land Trust Co -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/03/2022 02/03/22 Sold $3,150,000 -21.2% $292 / Sq Ft
01/21/2022 01/21/22 Pending -- -- --
06/08/2021 06/08/21 For Sale $3,995,000 -- $371 / 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 $78,858 $420,001 $152,499 $267,502
2024 $78,858 $420,001 $152,499 $267,502
2023 $61,448 $373,750 $148,750 $225,000
2022 $61,448 $298,750 $148,750 $150,000
2021 $0 $0 $0 $0
2020 $0 $0 $0 $0
2019 $0 $0 $0 $0
2018 $0 $0 $0 $0
2017 $0 $0 $0 $0
2016 $0 $0 $0 $0
2015 $0 $0 $0 $0
2014 -- $0 $0 $0
2013 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11116034

Midwest Real Estate Data (MRED)

APN: 17-03-101-015-0000

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