$410,000 - $463,000
RENTED FEB 21, 2025
2 Beds
2 Baths
1,705 Sq Ft
1.19 Acres

Highlights

  • Doorman
  • 5-minute walk to Thorndale Station
  • Waterfront
  • Steam Room
  • Fitness Center
  • 2-minute walk to Park 517

About This Home

As of February 2025

Nestled atop one of Edgewater's most iconic buildings, this stunning 1700 sq penthouse offers an unparalleled living experience with sweeping, unobstructed views of Lake Michigan and Chicago skyline. This most desirable "A" TIER at Malibu features a spacious and thoughtfully curated layout, with new floor-to-ceiling windows, an open-concept kitchen, elegantly designed bathrooms, a walking closet, and beautiful flooring. The expansive living and dining areas flow seamlessly, creating a perfect space for entertaining or quiet relaxation. Three private balconies provide multiple vantage points to enjoy the breathtaking views, from sunrise over the lake to the twinkling city lights at night. The primary suite is a true retreat, offering a walk-in closet, and private balcony access. Located in the heart of Edgewater, this penthouse combines luxurious living with the convenience of nearby dining, shopping, parks, and public transportation. This is not just a home-it's a lifestyle above it all. A 24/7 doorman offers around-the-clock security. There is an outdoor swimming pool, sauna, sun deck, party room, dry cleaners, bike room, exercise room, 24/7 valet parking, and Amazon hub.

Last Agent to Rent the Property

Ada Belson

@properties Christie's International Real Estate License #475171290 Listed on: 01/30/2025

@properties Christie's International Real Estate

Last Renter's Agent

Lindsay Jones

Keller Williams ONEChicago License #475190000

Keller Williams ONEChicago

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,485

Year Built

  • Built in 1970

Lot Details

  • 1.19

Parking

  • 1 Car Attached Garage
  • Heated Garage

Interior Spaces

  • 1,705 Sq Ft Home
  • Entrance Foyer
  • Family Room
  • Living Room
  • Dining Room
  • Laundry Room

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Schools

  • Swift Elementary School Specialt

Utilities

  • Central Air
  • Heating Available
  • Lake Michigan Water

Additional Features

  • Waterfront

Listing and Financial Details

  • Property Available on 2/14/25
  • Rent includes water, pool, scavenger, doorman, exterior maintenance, lawn care, storage lockers, snow removal, internet, wi-fi

Community Details

Overview

  • 356 Units
  • Atica Kalamperovic Association, Phone Number (773) 334-3313
  • Malibu Subdivision
  • Property managed by Chicagoland Community Management
  • 39-Story Property

Amenities

  • Doorman
  • Sundeck
  • Steam Room
  • Party Room
  • Coin Laundry
  • Elevator
  • Package Room
  • Convenience Store
  • Community Storage Space

Recreation

  • Bike Trail

Pet Policy

  • Dogs and Cats Allowed

Security

  • Resident Manager or Management On Site

Condo Details

Home Type

Condominium

Est. Annual Taxes

$6,485

Year Built

Built in 1970

Lot Details

0

Parking

1

Rental Info

  • Available Date: 2025-02-14
  • Board Number: 8
  • Pets Allowed (Y/N): Yes
  • Type of Rental Property: Attached
  • Rental Price: 3500
  • Is Parking Included in Price: No
  • Max Pet Weight: 999

Listing Details

  • Property Type: Residential Lease
  • Property Type: Residential Lease
  • Type Attached: Condo
  • Property Sub-Type: Attached
  • Subdivision Name: Malibu
  • Year Built: 1970
  • Age: 51-60 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Unit Floor Level: 39
  • ResoPropertyType: ResidentialLease
  • MRD_WaterViewYN: Yes
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 39

Interior Features

  • Basement: None
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 2
  • LivingArea: 1705
  • Room Type: Foyer, Walk In Closet, Balcony/Porch/Lanai
  • Stories Total: 39
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: None
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 0
  • Total Sq Ft: 0
  • ResoLivingAreaSource: Estimated

Exterior Features

  • List Price: 3500
  • Waterfront: Yes
  • Exterior Building Type: Brick,Concrete

Garage/Parking

  • Garage Spaces: 1
  • ParkingTotal: 1
  • Garage Details: Heated
  • Garage On-Site: Yes
  • Garage Type: Attached
  • Parking: Garage

Utilities

  • Cooling: Central Air
  • Heating: Electric
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK
  • Association Amenities: Bike Room/Bike Trails, Door Person, Coin Laundry, Commissary, Elevator(s), Exercise Room, Storage, On Site Manager/Engineer, Party Room, Sundeck, Pool, Receiving Room, Steam Room
  • Rent Includes: Water, Pool, Scavenger, Doorman, Exterior Maintenance, Lawn Care, Storage Lockers, Snow Removal, Internet, Wi-Fi
  • Management: Manager On-site,Monday through Friday
  • Management Company: Chicagoland Community Management
  • Management Contact Name: Atica Kalamperovic
  • Management Phone: 773-334-3313

Schools

  • Elementary School: Swift Elementary School Specialt
  • Middle/Junior School District: 299

Lot Info

  • Lot Dimensions: COMMON

Multi Family

  • Units in Building: 356

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 30, 1998
Sold by
Nikolopulos Nicholas and Nickolopulos Nicholas G
Bought by
Gnaedinger Richard and Ovalle Monica
Current Estimated Value
$434,908

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,000
Interest Rate
7.2%
Source: Public Records

Range of Values:

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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
Gnaedinger Richard $170,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Gnaedinger Richard $136,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/21/2025 02/21/25 Rented $3,500 0.0% --
02/06/2025 02/06/25 Under Contract -- -- --
01/30/2025 01/30/25 For Rent $3,500 +59.1% --
04/12/2018 04/12/18 Rented $2,200 0.0% --
04/09/2018 04/09/18 Under Contract -- -- --
04/05/2018 04/05/18 For Rent $2,200 -8.3% --
02/29/2016 02/29/16 Rented $2,400 0.0% --
11/12/2015 11/12/15 For Rent $2,400 -- --
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
2024 $6,485 $36,760 $1,835 $34,925
2023 $6,322 $30,739 $1,003 $29,736
2022 $6,322 $30,739 $1,003 $29,736
2021 $6,181 $30,736 $1,001 $29,735
2020 $5,096 $22,877 $847 $22,030
2019 $5,086 $25,313 $847 $24,466
2018 $5,000 $25,313 $847 $24,466
2017 $3,932 $21,640 $737 $20,903
2016 $3,834 $21,640 $737 $20,903
2015 $3,485 $21,640 $737 $20,903
2014 $3,200 $19,818 $561 $19,257
2013 $3,126 $19,818 $561 $19,257
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12280429

Midwest Real Estate Data (MRED)

APN: 14-05-215-015-1347