Seller's Agent in 2024
Mark Keppy
Baird & Warner
(773) 301-6332
1 in this area
216 Total Sales
50 E Chestnut St Unit 2701 Chicago, IL 60611
Magnificent Mile NeighborhoodEstimated Value: $2,159,264 - $2,665,000
3
Beds
3.5
Baths
3,800
Sq Ft
11,195
Sq Ft Lot
Highlights
- Doorman
- 4-minute walk to Chicago Avenue Station (Red Line)
- Whirlpool Bathtub
- Fitness Center
- Wood Flooring
- 1-minute walk to Connors Park
About This Home
As of January 2024A stunning full floor residence in the heart of one of Chicago's most sought after neighborhoods, this Gold Coast condo takes luxury to the next level. Ride the private unit access elevator to the 27thfloor where floor-to-ceiling windows reveal breathtaking views of the lake and Chicago's architectural beauty surrounding you on three sides - East, West and South. The gourmet chef's kitchen with beautiful Marble counters/backsplash has an extra East facing window; a desirable feature not found in all the units in the building. This home is furnished with exquisite, upgraded designer features throughout, including custom built-in shelves and beautiful rich walnut hardwood floors. Designer window treatments, a gorgeous Baccarat crystal chandelier and Murano glass lighting are all included. Two private balconies flank the East and West sides of the unit, ideal spots for viewing early morning sunrises or watching sunsets over the city. Each bedroom has its own ensuite bathroom. The elegant primary suite offers a luxurious spa-like bath with custom cabinetry, a Jacuzzi tub and a walk-in shower. Enjoy your video entertainment and music choices with a Crestron smart home technology system. Choose your selections, either throughout the home or room by room, using a single iPad. The system also operates the electronic Lutron window treatments and lighting with the touch of a button on the tablet, hand-held remotes or wall keypads. This property comes with two deeded parking spaces in the heated garage, both conveniently located side by side across from the service elevator that leads to your unit. This high-security building offers a 24-hour door staff, an on-site manager, a fitness center, a patio-deck, bike storage and a dog run, all just steps away from restaurants, the Magnificent Mile, premium shopping, theaters, and convenient access to Oak Street beach and Lake Michigan. Enjoy a glamorous city life all within walking distance from a condo that makes you feel like you live in a single family home.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $62,532
Year Built
- Built in 2005
Lot Details
- Dog Run
- Additional Parcels
HOA Fees
- $4,026 Monthly HOA Fees
Parking
- 2 Car Attached Garage
- Heated Garage
- Garage Transmitter
- Parking Included in Price
Interior Spaces
- 3,800 Sq Ft Home
- Built-In Features
- Gas Log Fireplace
- Blinds
- Entrance Foyer
- Sitting Room
- Combination Dining and Living Room
- Library with Fireplace
- Wood Flooring
Kitchen
- Built-In Double Oven
- Gas Oven
- Gas Cooktop
- Range Hood
- High End Refrigerator
- Dishwasher
- Stainless Steel Appliances
- Disposal
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Potential Bedrooms
- Walk-In Closet
- Dual Sinks
- Whirlpool Bathtub
- Separate Shower
Laundry
- Laundry in unit
- Dryer
- Washer
Accessible Home Design
- Halls are 36 inches wide or more
- Accessibility Features
- Doors are 32 inches wide or more
- More Than Two Accessible Exits
Outdoor Features
- Balcony
Schools
- Ogden Elementary
- Wells Community Academy Senior H High School
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
- Lake Michigan Water
Listing and Financial Details
- Senior Tax Exemptions
- Homeowner Tax Exemptions
Community Details
Overview
- Association fees include heat, air conditioning, water, gas, insurance, security, doorman, tv/cable, exercise facilities, exterior maintenance, lawn care, scavenger
- 34 Units
- Rebecca Davis Association, Phone Number (312) 475-0629
- High-Rise Condominium
- 38-Story Property
Amenities
- Doorman
- Service Elevator
- Community Storage Space
- Elevator
Recreation
- Fitness Center
Pet Policy
- Dogs and Cats Allowed
Security
- Resident Manager or Management On Site
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Feb 17, 2025
Sold by
Quayle Dirk A and Quayle Iris J
Bought by
Dirk A Quayle Trust and Iris J Quayle Trust
Current Estimated Value
Purchase Details
Listed on
Apr 19, 2023
Closed on
Jan 3, 2024
Sold by
Chicago Title Land Trust Co
Bought by
Quayle Dirk A and Quayle Iris J
Seller's Agent
Mark Keppy
Baird & Warner
Buyer's Agent
Alex Wolking
Keller Williams ONEChicago
List Price
$2,950,000
Sold Price
$2,575,000
Premium/Discount to List
-$375,000
-12.71%
Views
106
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-2.50%
Original Mortgage
$750,000
Interest Rate
6.65%
Mortgage Type
New Conventional
Purchase Details
Closed on
Aug 11, 2010
Sold by
Rush/Chestnut Llc
Bought by
Chicago Title Land Trust Company and Trust #8002355328
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Dirk A Quayle Trust | -- | None Listed On Document | |
| Quayle Dirk A | $2,575,000 | None Listed On Document | |
| Chicago Title Land Trust Company | $3,531,000 | Chicago Title Land Trust Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Quayle Dirk A | $750,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/19/2024 01/19/24 | Sold | $2,575,000 | -12.7% | $678 / Sq Ft |
| 10/26/2023 10/26/23 | Pending | -- | -- | -- |
| 04/19/2023 04/19/23 | For Sale | $2,950,000 | -- | $776 / 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 | $57,284 | $171,357 | $10,196 | $161,161 |
| 2024 | $57,284 | $171,357 | $10,196 | $161,161 |
| 2023 | $61,104 | $277,467 | $8,209 | $269,258 |
| 2022 | $61,104 | $303,238 | $8,209 | $295,029 |
| 2021 | $59,773 | $303,237 | $8,208 | $295,029 |
| 2020 | $63,201 | $289,289 | $5,746 | $283,543 |
| 2019 | $61,837 | $313,952 | $5,746 | $308,206 |
| 2018 | $62,587 | $323,025 | $5,746 | $317,279 |
| 2017 | $56,284 | $267,532 | $4,597 | $262,935 |
| 2016 | $53,584 | $267,532 | $4,597 | $262,935 |
| 2015 | $49,024 | $267,532 | $4,597 | $262,935 |
| 2014 | $48,328 | $260,473 | $3,694 | $256,779 |
| 2013 | $47,373 | $260,473 | $3,694 | $256,779 |
Source: Public Records
Agents Affiliated with this Home
-
Mark Keppy
-
Alex Wolking
Buyer's Agent in 2024
Alex Wolking
Keller Williams ONEChicago
(312) 216-2422
1 in this area
216 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11762748
APN: 17-03-217-018-1023
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Based on information submitted to the MLS GRID
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