NOT LISTED FOR SALE

50 E Chestnut St Unit 1701 Chicago, IL 60611

Magnificent Mile Neighborhood

Estimated Value: $617,000 - $2,604,000

3 Beds
3.5 Baths
3,974 Sq Ft
$3,800/mo HOA Fee

Last Sold September 29, 2023

Last sale price $2,325,000 $585 Per Sq Ft

Est. 20% decrease in value since last sale

Current estimated payment $17,616/month

24 Days on Market

Highlights

  • Doorman
  • 4-minute walk to Chicago Avenue Station (Red Line)
  • Deck
  • Fitness Center
  • Heated Floors
  • 1-minute walk to Connors Park

About This Home

As of September 2023

Full floor home with private elevator entrance for a discriminating buyer who appreciates privacy and boutique atmosphere. This nearly 4000sf, 3 bedroom condo boasts a thoughtful floor plan, chef's kitchen with Snaidero cabinetry and Wolf/Sub-Zero and Miele appliances. Nearly 500sf of private outdoor space, stunning City views from the floor to ceiling windows, and abundant natural sunlight. Gracious space for entertaining with a den off the kitchen, large formal dining and living rooms, as well as a family room. Enjoy beautiful sunsets from the primary suite with spa-like bath, large walk in closet. Full service building with 24Hr security, top floor Fitness Center, lovely landscaped 5th floor Building Garden, Sun Deck, Dog Run. Steps to all that the Gold Coast has to offer including the City's best shops and restaurants. Too many details to list - this home is a must see!

Last Agent to Sell the Property

Susan Miner

Premier Relocation, Inc. License #471007596 Listed on: 07/13/2023

Last Buyer's Agent

Richard Rosenbaum

Bang Realty License #471011130

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $58,714

Year Built

  • Built in 2007 | Remodeled in 2016

Lot Details

  • End Unit

HOA Fees

  • $3,800 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Parking Included in Price

Home Design

  • Concrete Perimeter Foundation

Interior Spaces

  • 3,974 Sq Ft Home
  • Heatilator
  • Gas Log Fireplace
  • Entrance Foyer
  • Family Room with Fireplace
  • Living Room
  • Formal Dining Room
  • Storage
  • Gallery

Flooring

  • Wood
  • Heated Floors

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms
  • Soaking Tub
  • Separate Shower

Laundry

  • Laundry Room
  • Washer and Dryer Hookup

Home Security

Outdoor Features

  • Balcony
  • Deck
  • Terrace

Schools

  • Ogden Elementary
  • Wells Community Academy Senior H High School

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Lake Michigan Water
  • Cable TV Available

Community Details

Overview

  • Association fees include heat, air conditioning, water, gas, parking, insurance, security, doorman, tv/cable, exercise facilities, exterior maintenance, lawn care, scavenger, snow removal
  • 34 Units
  • Patricia Madden Association, Phone Number (312) 475-0629
  • High-Rise Condominium
  • Property managed by Patricia Madden
  • 38-Story Property

Amenities

  • Doorman
  • Sundeck
  • Common Area
  • Elevator
  • Service Elevator
  • Community Storage Space

Recreation

  • Fitness Center

Pet Policy

  • Dogs and Cats Allowed

Security

  • Resident Manager or Management On Site
  • Storm Screens
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$58,714

Year Built

Built in 2007 | Remodeled in 2016

Lot Details

0

HOA Fees

$3,800 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: Condo,High Rise (7+ Stories)
  • Ownership: Condo
  • New Construction: No
  • Property Sub-Type: Condo,High Rise (7+ Stories)
  • Year Built: 2007
  • Age: 16-20 Years
  • Built Before 1978 (Y/N): No
  • Disability Access and/or Equipped: No
  • General Information: School Bus Service,Commuter Bus,Commuter Train,Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Unit Floor Level: 17
  • Rehab Year: 2016
  • Actual Status: Closed
  • ResoPropertyType: Residential
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 38
  • Year Renovated: 2016

Interior Features

  • Basement: None
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bathrooms: 4
  • Total Bedrooms: 3
  • Fireplace Features: Gas Log, Heatilator
  • Fireplaces: 1
  • Interior Amenities: Hardwood Floors, Heated Floors, Laundry Hook-Up in Unit, Storage
  • LivingArea: 3974
  • Other Equipment: TV-Cable, Fire Sprinklers
  • Room Type: Foyer, Gallery, Deck, Terrace
  • Stories Total: 38
  • Estimated Total Finished Sq Ft: 3974
  • Basement Description: None
  • Bathroom Amenities: Separate Shower,Soaking Tub
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Separate
  • Fireplace Location: Family Room
  • Total Sq Ft: 3974
  • Flooring: Hardwood
  • ResoLivingAreaSource: Estimated

Exterior Features

  • ExteriorFeatures: Balcony, Storms/Screens, End Unit
  • Foundation Details: Concrete Perimeter
  • Lot Features: Common Grounds
  • Waterfront: No
  • Exterior Building Type: Glass,Concrete

Garage/Parking

  • Garage Spaces: 1
  • Number of Cars: 1
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage

Utilities

  • Sewer: Other
  • Cooling: Central Air
  • Electric: Circuit Breakers
  • Heating: Forced Air, Zoned
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK
  • Association Fee: 3800
  • Association Amenities: Door Person, Elevator(s), Exercise Room, Storage, On Site Manager/Engineer, Sundeck, Service Elevator(s)
  • Association Fee Frequency: Monthly
  • Management: Manager On-site,Monday through Friday
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: Patricia Madden
  • Management Contact Name: Patricia Madden
  • Management Phone: 312-475-0629
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Heat, Air Conditioning, Water, Gas, Parking, Insurance, Security, Doorman, TV/Cable, Exercise Facilities, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal

Schools

  • Elementary School: Ogden Elementary
  • High School: Wells Community Academy Senior H
  • Middle/Junior School: Ogden Elementary

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: COMMON
  • 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: 58714.07
  • Tax Year: 2022
  • Tax Exemptions: None

Multi Family

  • Units in Building: 34

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 12, 2025
Sold by
Wagner Randy
Bought by
Wagner Randy S
Current Estimated Value
$1,867,332

Purchase Details

Listed on
Jul 13, 2023
Closed on
Sep 26, 2023
Sold by
Willian Marchell M and Willian Jeffrey
Bought by
Wagner Randy
Seller's Agent
Susan Miner
Premier Relocation, Inc.
Buyer's Agent
Richard Rosenbaum
Bang Realty
List Price
$2,500,000
Sold Price
$2,325,000
Premium/Discount to List
-$175,000
-7%
Views
31

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-10.82%

Purchase Details

Listed on
May 4, 2018
Closed on
Jun 15, 2018
Sold by
Lemon Property 4 Llc
Bought by
Willian Jeffrey and Willian Marchell M
Seller's Agent
Joe Wright
City and Field Real Estate
Buyer's Agent
Kyle Harvey
Baird & Warner
List Price
$3,295,000
Sold Price
$3,250,000
Premium/Discount to List
-$45,000
-1.37%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-6.14%
Original Mortgage
$1,400,000
Interest Rate
3%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Oct 5, 2015
Closed on
Aug 24, 2016
Sold by
Trevi Property Ventures Llc
Bought by
Lemon Property 4 Llc
Seller's Agent
Janet Owen
Berkshire Hathaway HomeServices Chicago
Buyer's Agent
Joe Wright
City and Field Real Estate
List Price
$3,750,000
Sold Price
$3,000,000
Premium/Discount to List
-$750,000
-20%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.52%

Purchase Details

Closed on
Sep 19, 2013
Sold by
Rush Chestnut Llc
Bought by
Trevi Property Ventures Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,026,500
Interest Rate
3.75%
Mortgage Type
Adjustable Rate Mortgage/ARM
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
Wagner Randy S -- None Listed On Document
Wagner Randy $2,325,000 Chicago Title
Willian Jeffrey $3,150,000 Chicago Title
Lemon Property 4 Llc $3,000,000 Attorney
Trevi Property Ventures Llc $2,830,000 Ctcc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Willian Jeffrey $1,400,000
Previous Owner Trevi Property Ventures Llc $2,026,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/29/2023 09/29/23 Sold $2,325,000 -7.0% $585 / Sq Ft
08/07/2023 08/07/23 Pending -- -- --
07/13/2023 07/13/23 For Sale $2,500,000 0.0% $629 / Sq Ft
08/05/2022 08/05/22 Rented $13,000 0.0% --
08/05/2022 08/05/22 For Rent $13,000 0.0% --
07/15/2022 07/15/22 Off Market $13,000 -- --
06/17/2022 06/17/22 For Rent $13,000 0.0% --
06/15/2018 06/15/18 Sold $3,250,000 -1.4% $818 / Sq Ft View Prior Sale
05/09/2018 05/09/18 Pending -- -- --
05/04/2018 05/04/18 For Sale $3,295,000 +9.8% $829 / Sq Ft
08/24/2016 08/24/16 Sold $3,000,000 -20.0% $750 / Sq Ft View Prior Sale
08/04/2016 08/04/16 Pending -- -- --
10/05/2015 10/05/15 For Sale $3,750,000 -- $938 / Sq Ft
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
2025 $48,729 $164,994 $9,817 $155,177
2024 $48,729 $164,994 $9,817 $155,177
2023 $60,055 $230,955 $7,904 $223,051
2022 $60,055 $291,978 $7,904 $284,074
2021 $58,714 $291,978 $7,904 $284,074
2020 $62,052 $278,547 $5,532 $273,015
2019 $60,735 $302,294 $5,532 $296,762
2018 $61,439 $311,030 $5,532 $305,498
2017 $55,453 $257,598 $4,426 $253,172
2016 $51,594 $257,598 $4,426 $253,172
2015 $47,204 $257,598 $4,426 $253,172
2014 $46,546 $250,868 $3,556 $247,312
2013 $45,627 $250,868 $3,556 $247,312
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11830908

Midwest Real Estate Data (MRED)

APN: 17-03-217-018-1013