503 N Wells St Unit 3 Chicago, IL 60654
River North NeighborhoodEstimated payment $4,567/month
Highlights
- Deck
- 3-minute walk to Merchandise Mart Station
- Quartz Countertops
- Wood Flooring
- High Ceiling
- Sundeck
About This Home
If you want to live in the heart of River North, but don't want to live in another cookie cutter box in the sky that feels like a dorm room and don't want crazy high assessments, then you just might have found your dream home! This boutique 4 unit building in a 15 unit association offers privacy and scale. Unlike all the other high rises that feel like narrow bowling alleys, and are starved for size with low ceiling heights, this 1,650 sqft unit is extra wide at 24 feet, plus boasts 10.5 foot ceilings, so you feel size, width, and volume immediately! The 528 sqft (22x24) ultra-sunny open concept great room features 5 west facing bay windows, including a massive picture window, 10.5 foot ceilings, a distinct area for a huge 10+ person dining room table, and a cozy gas/wood fireplace. The kitchen features newer appliances, new quartz counters, new backsplash, and fantastic built in lighting and designer cabinets. Newly refinished natural bright hardwood floors throughout! The spacious primary suite features new ceiling fan, sconce lights with dimmers, and includes an enormous wall of closets. The primary bath features a new 60 inch vanity with led mirrors, new tile, a linen closet, a large Jacuzzi tub, and an oversized new glass shower. The massive 12x17 second bedroom also has new lighting, a new closet, and leads directly to a great private BRAND NEW deck with city views which overlooks a super unique community patio and garden. It really is like you have your own city oasis! Newer luxury full size Electrolux laundry included. The Assessments of $445 are extremely low, and out of the 196 two bed two bath properties that have closed in 60654 in the last 12 months, this unit had the very lowest assessment. The average assessment was $963! Spreadsheet detail in marketing materials. Even with these very low assessments, the association has $66K in reserves in this low amenity building. Garage Parking can be leased for $309 a month and is only one-quarter block away (See, last picture Blue= P). A+ River North Location which is 1/2 block to Lou Malnati's and Al's Beef, 1 block to the Merchandise Mart and El trains, 2 blocks to the Riverwalk, 2.5 blocks to Mastros Steakhouse, and 3 blocks to the East Bank Club.
Open House Schedule
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Saturday, March 21, 202611:00 am to 1:30 pm3/21/2026 11:00:00 AM +00:003/21/2026 1:30:00 PM +00:00Call Greg's Cell @ 312-933-1432Add to Calendar
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $9,814
Year Built
- Built in 1901 | Remodeled in 2024
HOA Fees
- $445 Monthly HOA Fees
Parking
- 2 Car Detached Garage
- Leased Parking
- Heated Garage
- Off-Site Parking
Home Design
- Entry on the 3rd floor
- Brick Exterior Construction
- Rubber Roof
- Concrete Perimeter Foundation
Interior Spaces
- 1,650 Sq Ft Home
- 4-Story Property
- Built-In Features
- High Ceiling
- Ceiling Fan
- Skylights
- Wood Burning Fireplace
- Family Room
- Living Room with Fireplace
- Formal Dining Room
- Wood Flooring
- Intercom
- Laundry Room
Kitchen
- Gas Oven
- Gas Cooktop
- Range Hood
- Dishwasher
- Stainless Steel Appliances
- Quartz Countertops
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Potential Bedrooms
- Walk-In Closet
- 2 Full Bathrooms
- Soaking Tub
- Separate Shower
Outdoor Features
- Balcony
- Deck
Location
- Property is near bus stop
Schools
- Ogden Elementary
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
- Gas Water Heater
- Cable TV Available
Listing and Financial Details
- Homeowner Tax Exemptions
Community Details
Overview
- Association fees include water, insurance, exterior maintenance, scavenger
- 16 Units
- Patrick Kane Association, Phone Number (999) 999-9999
- Mid-Rise Condominium
- Property managed by Kane Property Management
Amenities
- Sundeck
- Building Patio
- Community Storage Space
Recreation
- Bike Trail
Pet Policy
- Dogs and Cats Allowed
Security
- Carbon Monoxide Detectors
Map
Home Values in the Area
Average Home Value in this Area
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 | $10,905 | $52,141 | $12,493 | $39,648 |
| 2024 | $10,905 | $52,141 | $12,493 | $39,648 |
| 2023 | $10,609 | $55,000 | $13,880 | $41,120 |
| 2022 | $10,609 | $55,000 | $13,880 | $41,120 |
| 2021 | $10,390 | $54,999 | $13,880 | $41,119 |
| 2020 | $9,520 | $45,837 | $7,772 | $38,065 |
| 2019 | $9,309 | $49,763 | $7,772 | $41,991 |
| 2018 | $9,151 | $49,763 | $7,772 | $41,991 |
| 2017 | $10,340 | $51,408 | $6,620 | $44,788 |
| 2016 | $10,296 | $51,408 | $6,620 | $44,788 |
| 2015 | $9,420 | $51,408 | $6,620 | $44,788 |
| 2014 | $8,482 | $45,715 | $5,181 | $40,534 |
| 2013 | $8,314 | $45,715 | $5,181 | $40,534 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 03/17/2026 03/17/26 | For Sale | $635,000 | 0.0% | $385 / Sq Ft | |
| 12/13/2023 12/13/23 | Rented | $3,500 | +2.9% | -- | |
| 11/14/2023 11/14/23 | For Rent | $3,400 | +13.3% | -- | |
| 12/23/2020 12/23/20 | Rented | $3,000 | -6.3% | -- | |
| 12/20/2020 12/20/20 | Under Contract | -- | -- | -- | |
| 10/05/2020 10/05/20 | For Rent | $3,200 | 0.0% | -- | |
| 04/06/2015 04/06/15 | Sold | $530,000 | -8.5% | $279 / Sq Ft | View Prior Sale |
| 02/13/2015 02/13/15 | Pending | -- | -- | -- | |
| 09/04/2014 09/04/14 | For Sale | $579,000 | -- | $305 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | None Listed On Document | |
| Warranty Deed | $500,000 | Stci | |
| Warranty Deed | $512,500 | Stci | |
| Warranty Deed | $280,000 | -- | |
| Warranty Deed | $218,000 | Attorneys Natl Title Network |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $49,950 | Credit Line Revolving | |
| Previous Owner | $400,000 | Unknown | |
| Previous Owner | $174,400 | No Value Available |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12594340
APN: 17-09-245-016-1008
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Ask me questions while you tour the home.