Park Place Tower 655 W Irving Park Rd Unit 5506 Chicago, IL 60613
Lakeview East NeighborhoodEstimated payment $2,800/month
Total Views
5,073
1
Bed
1
Bath
832
Sq Ft
$282
Price per Sq Ft
Highlights
- Doorman
- Fitness Center
- Wood Flooring
- Water Views
- Lock-and-Leave Community
- 3-minute walk to Gill (Joseph) Park
About This Home
Perched sky-high, this 1 bed/1 bath 55th floor rehabbed penthouse unit is a must-see stunner with breathtaking, unobstructed and fully panoramic east, west and north views of Lake Michigan, Montrose Harbor, Lake Shore Drive, parks, fields and cityscapes. Every morning and evening delivers a different sky; with stunning sunrises and sunsets for you to enjoy. On top of the 'dawn to dusk' views, this 830 sqft unit underwent a gorgeous design renovation in 2021 that included: a flexible, open layout; beautiful new, water resistant wood based flooring; new dimmable lighting and a newly remodeled kitchen showcasing luxurious Cambria quartz countertops, stainless steel appliances including a new Bosch dishwasher, a stunning 8 ft quartz island, and custom designed kitchen cabinets with plenty of storage. Oversized windows flood all the rooms with incredible natural light as well and the most fantastic vistas. The spacious primary bedroom easily accommodates a king size bed, bedside tables, two large dressers, plus ample closet space. The beautiful primary bathroom features a new vanity, Cambria quartz countertop, sink, faucet, lighting fixtures and hardware. Step outside and enjoy one of the best amenity packages in the city: Olympic-size outdoor pool, expansive sundeck with grills, state-of-the-art gym with yoga center, private dog run, business center, party room, theater, basketball and tennis courts, convenience store, dry cleaner, and more. 24-hour door staff, bike storage, and on-site laundry complete the offering. Perfectly located just half a block from the lakefront, with easy access to Lake Shore Drive, express buses (80, 135, 148), Montrose and Belmont Harbors, Sydney Marovitz Golf Course, tennis courts, dog parks, the Lakefront Trail, and more. Pet-friendly building with no rental cap and 6-month lease minimum-ideal for full-time residents, part-time city dwellers, or investors. Welcome home!
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $4,849
Year Built
- Built in 1973 | Remodeled in 2021
HOA Fees
- $1,118 Monthly HOA Fees
Parking
- 1 Car Garage
Home Design
- Concrete Block And Stucco Construction
- Concrete Perimeter Foundation
Interior Spaces
- 832 Sq Ft Home
- Window Screens
- Entrance Foyer
- Family Room
- Combination Dining and Living Room
- Laundry Room
Kitchen
- Range
- Microwave
- Dishwasher
- Stainless Steel Appliances
Flooring
- Wood
- Ceramic Tile
Bedrooms and Bathrooms
- 1 Bedroom
- 1 Potential Bedroom
- Walk-In Closet
- 1 Full Bathroom
Outdoor Features
- Outdoor Grill
Utilities
- Forced Air Heating and Cooling System
- Lake Michigan Water
Listing and Financial Details
- Homeowner Tax Exemptions
Community Details
Overview
- Association fees include heat, water, gas, insurance, doorman, tv/cable, exercise facilities, pool, exterior maintenance, lawn care, scavenger, snow removal, internet
- 901 Units
- Property Manager Association, Phone Number (773) 929-9200
- High-Rise Condominium
- Property managed by First Service Residential
- Lock-and-Leave Community
- 56-Story Property
Amenities
- Doorman
- Valet Parking
- Sundeck
- Party Room
- Coin Laundry
- Elevator
- Service Elevator
- Package Room
- Convenience Store
- Community Storage Space
Recreation
- Bike Trail
Pet Policy
- Pets up to 75 lbs
- Limit on the number of pets
- Dogs and Cats Allowed
Security
- Resident Manager or Management On Site
Map
About Park Place Tower
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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 |
|---|---|---|---|---|
| 2024 | $4,849 | $27,598 | $1,489 | $26,109 |
| 2023 | $4,706 | $26,301 | $1,343 | $24,958 |
| 2022 | $4,706 | $26,301 | $1,343 | $24,958 |
| 2021 | $4,619 | $26,299 | $1,342 | $24,957 |
| 2020 | $4,288 | $22,352 | $831 | $21,521 |
| 2019 | $4,949 | $24,634 | $831 | $23,803 |
| 2018 | $4,866 | $24,634 | $831 | $23,803 |
| 2017 | $4,546 | $21,116 | $732 | $20,384 |
| 2016 | $4,229 | $21,116 | $732 | $20,384 |
| 2015 | $4,313 | $23,537 | $732 | $22,805 |
| 2014 | $3,240 | $17,460 | $565 | $16,895 |
| 2013 | $3,176 | $17,460 | $565 | $16,895 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/14/2025 08/14/25 | Price Changed | $235,000 | -6.0% | $282 / Sq Ft |
| 07/16/2025 07/16/25 | For Sale | $250,000 | -- | $300 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $213,500 | Chicago Title | |
| Quit Claim Deed | $130,000 | Cti | |
| Legal Action Court Order | -- | None Available | |
| Warranty Deed | $310,000 | Cti |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $200,500 | New Conventional | |
| Closed | $202,550 | New Conventional | |
| Previous Owner | $28,900 | Unknown | |
| Previous Owner | $232,500 | Unknown |
Source: Public Records
Similar Homes in Chicago, IL
Source: Midwest Real Estate Data (MRED)
MLS Number: 12416561
APN: 14-21-101-054-2677
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