NOT LISTED FOR SALE

50 E Chestnut St Unit 701 Chicago, IL 60611

Magnificent Mile Neighborhood

Estimated Value: $1,874,000 - $2,542,000

3 Beds
3.5 Baths
3,904 Sq Ft
0.26 Acre Lot

Sale Details

Date Sold: December 30, 2024

Last sale price $2,250,000 $576 Per Sq Ft

Current estimated payment $20,622 / mo

190 Days on Market

Highlights

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

About This Home

As of December 2024

The elevator opens directly into this full floor, 3900 sf home that has been designed to perfection and ready to move right in. Offered fully furnished (or not) - this home lives like a quiet oasis in a sea of possibilities. The finishes are extraordinary using textures, contrast, lighting and walls ready for your art collection. Ceilings are 10' with a glass curtain of south-facing windows spanning 64' all featuring Lutron blinds. The kitchen is right out of a magazine with gorgeous, rich alderwood cabinetry along with Subzero and Wolf appliances. Flooring includes a marble entry with hardwood throughout. This is not your typical floorplan for the building - it has been brilliantly reconfigured to create huge closets in the primary suite, an en-suite bedroom/den in the SW corner, office space and stunning steel and glass door entry. Located on the 7th floor, you feel connected to nature with treetop views while surrounded by urban architecture such as the steeple atop St. James Chapel. Large terraces facing both east and west allow quiet moments outdoors to greet and end your day! Wired for sound and including 1 parking space, this is a must-see home in the heart of it all. Additional parking steps away.

Last Agent to Sell the Property

Rafael Murillo

Compass License #475169040 Listed on: 05/02/2024

Compass

Co-Listed By

Caryl Dillon

Compass License #475124377

Last Buyer's Agent

Eugene Fu

@properties Christie's International Real Estate License #475133483

@properties Christie's International Real Estate

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $55,430

Year Built

  • Built in 2007 | Remodeled in 2019

Lot Details

  • End Unit
  • Dog Run
  • Additional Parcels

HOA Fees

  • $3,767 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Heated Garage
  • Garage Door Opener
  • Parking Included in Price

Interior Spaces

  • 3,904 Sq Ft Home
  • Built-In Features
  • Entrance Foyer
  • Family Room
  • Combination Dining and Living Room
  • Den
  • Storage
  • Home Gym
  • Home Security System

Kitchen

  • Double Oven
  • Cooktop with Range Hood
  • Microwave
  • High End Refrigerator
  • Dishwasher
  • Stainless Steel Appliances
  • Disposal

Flooring

  • Wood
  • Heated Floors
  • Marble

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms
  • Walk-In Closet
  • Dual Sinks
  • Soaking Tub
  • Separate Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer
  • Sink Near Laundry

Outdoor Features

  • Balcony
  • Terrace

Location

  • Property is near bus stop

Schools

  • Ogden Elementary
  • Wells Community Academy Senior H High School

Utilities

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

Community Details

Overview

  • Association fees include heat, air conditioning, water, gas, parking, insurance, doorman, tv/cable, exercise facilities, exterior maintenance, scavenger, snow removal, internet
  • 34 Units
  • Rebecca Davis Association, Phone Number (312) 475-0629
  • Property managed by DK Condo
  • 38-Story Property

Amenities

  • Doorman
  • Sundeck
  • Service Elevator
  • Lobby
  • Package Room
  • Community Storage Space
  • Elevator

Recreation

  • Fitness Center

Pet Policy

  • Limit on the number of pets
  • Dogs and Cats Allowed

Security

  • Security Service
  • Resident Manager or Management On Site
  • Storm Screens

Property Details

Home Type

Condominium

Est. Annual Taxes

$55,430

Year Built

Built in 2007 | Remodeled in 2019

Lot Details

0.26 Acres

HOA Fees

$3,767 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: Condo
  • Ownership: Condo
  • New Construction: No
  • Property Sub-Type: Condo
  • 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: 7
  • Rehab Year: 2019
  • Actual Status: Closed
  • ResoPropertyType: Residential
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 38
  • Year Renovated: 2019

Interior Features

  • Appliances: Double Oven, Range, Microwave, Dishwasher, High End Refrigerator, Washer, Dryer, Disposal, Stainless Steel Appliance(s), Cooktop, Range Hood
  • Basement: None
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bathrooms: 4
  • Total Bedrooms: 3
  • Interior Amenities: Elevator, Hardwood Floors, Heated Floors, Laundry Hook-Up in Unit, Storage, Built-in Features, Walk-In Closet(s), Doorman, Health Facilities, Lobby
  • LivingArea: 3904
  • Other Equipment: Humidifier, TV-Cable, Security System
  • Room Type: Den, Foyer, Balcony/Porch/Lanai, Walk In Closet, Terrace, Pantry
  • Stories Total: 38
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: None
  • Bathroom Amenities: Separate Shower,Double Sink,Soaking Tub
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Combined w/ LivRm
  • Total Sq Ft: 0
  • Flooring: Hardwood
  • ResoLivingAreaSource: Estimated

Exterior Features

  • ExteriorFeatures: Balcony, Dog Run, Storms/Screens, End Unit
  • Waterfront: No
  • Exterior Building Type: Glass,Concrete

Garage/Parking

  • Garage Spaces: 1
  • ParkingTotal: 1
  • Garage Details: Garage Door Opener(s),Heated
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Electric: Circuit Breakers
  • Heating: Forced Air
  • Laundry Features: In Unit, Sink
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK, Number Limit
  • Association Fee: 3767
  • Association Amenities: Door Person, Elevator(s), Exercise Room, Storage, On Site Manager/Engineer, Sundeck, Receiving Room, Service Elevator(s), Public Bus, Security
  • Association Fee Frequency: Monthly
  • Management: Manager On-site,Monday through Friday
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: DK Condo
  • Management Contact Name: Rebecca Davis
  • Management Phone: 312-475-0629
  • ResoAssociationFeeFrequency: Monthly

Fee Information

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

Schools

  • Elementary School: Ogden Elementary
  • High School: Wells Community Academy Senior H
  • 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: 55429.85
  • Tax Year: 2023
  • Tax Exemptions: None

Multi Family

  • Units in Building: 34

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
May 2, 2024
Closed on
Dec 27, 2024
Sold by
Bought by
Seller's Agent
Rafael Murillo
Compass
Buyer's Agent
Eugene Fu
@properties Christie's International Real Estate
List Price
$2,400,000
Sold Price
$2,250,000
Premium/Discount to List
-$150,000
-6.25%
Views
36
Current Estimated Value
$2,250,115

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$115
Avg. Annual Appreciation
0.00%
Original Mortgage
$1,537,500
Interest Rate
0.065%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 15, 2018
Closed on
Jun 25, 2018
Sold by
Bought by
Seller's Agent
George Morgan
Compass
Buyer's Agent
Eudice Fogel
Compass
List Price
$2,850,000
Sold Price
$2,700,000
Premium/Discount to List
-$150,000
-5.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-2.76%
Original Mortgage
$430,000
Interest Rate
0.0762%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Sep 1, 2016
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,746,250
Interest Rate
0.0475%
Mortgage Type
Construction

Purchase Details

Closed on
Mar 7, 2013
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,404,000
Interest Rate
0.0349%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Feb 26, 2013
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,404,000
Interest Rate
0.0349%
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
Not Available
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$2,137,500 Fidelity National Title
$2,700,000 Chicago Title
$4,550,000 Chicago Title
$4,053,500 None Available
$2,425,000 None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $1,537,500
Previous Owner $2,410,000
Previous Owner $2,420,000
Previous Owner $430,000
Closed $2,000,000
Closed $3,746,250
Previous Owner $2,404,000
Previous Owner $1,000,000
Previous Owner $2,500,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/30/2024 12/30/24 Sold $2,250,000 0.0% $576 / Sq Ft
11/09/2024 11/09/24 Pending -- -- --
06/18/2024 06/18/24 Price Changed $2,250,000 -6.3% $576 / Sq Ft
05/02/2024 05/02/24 For Sale $2,400,000 -11.1% $615 / Sq Ft
06/25/2018 06/25/18 Sold $2,700,000 -5.3% $692 / Sq Ft View Prior Sale
05/12/2018 05/12/18 Pending -- -- --
03/15/2018 03/15/18 For Sale $2,850,000 -- $730 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $53,982 $145,410 $8,652 $136,758
2024 $53,982 $145,410 $8,652 $136,758
2023 $52,624 $255,854 $6,966 $248,888
2022 $52,624 $255,854 $6,966 $248,888
2021 $51,450 $255,853 $6,965 $248,888
2020 $54,686 $245,484 $4,876 $240,608
2019 $53,525 $266,412 $4,876 $261,536
2018 $54,146 $274,111 $4,876 $269,235
2017 $43,054 $200,000 $3,900 $196,100
2016 $45,470 $227,021 $3,900 $223,121
2015 $41,601 $227,021 $3,900 $223,121
2014 $41,021 $221,090 $3,134 $217,956
2013 $40,211 $221,090 $3,134 $217,956
Source: Public Records

Agents Affiliated with this Home

  • Rafael Murillo

    Seller's Agent in 2024

    Rafael Murillo

    Compass

    (312) 375-4199

    1 in this area

    114 Total Sales

    Rafael Murillo
    Section Image
  • Caryl Dillon

    Seller Co-Listing Agent in 2024

    Caryl Dillon

    Compass

    (773) 991-4422

    2 in this area

    57 Total Sales

    Caryl Dillon
    Section Image
  • Eugene Fu

    Buyer's Agent in 2024

    Eugene Fu

    @ Properties

    (312) 804-3738

    27 in this area

    395 Total Sales

    Eugene Fu
    Section Image

  • G

    Seller's Agent in 2018

    George Morgan

    Compass

    Section Image

  • M

    Seller Co-Listing Agent in 2018

    Meghan Credit

    @properties

  • Eudice Fogel

    Buyer's Agent in 2018

    Eudice Fogel

    Compass

    (312) 576-1200

    2 in this area

    158 Total Sales

    Eudice Fogel
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12036442

Midwest Real Estate Data (MRED)

APN: 17-03-217-018-1003

Illinois Cook County Chicago 60611 Magnificent Mile

50 E Chestnut St Unit 701, Chicago, IL

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Midwest Real Estate Data (MRED) All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID

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