$524,900

Estimated payment $3,962/month

Total Views 5,484
3 Beds
2 Baths
1,543 Sq Ft
$340 Price per Sq Ft

Highlights

  • Very Popular Property
  • Wood Flooring
  • Stainless Steel Appliances
  • Fitness Center
  • Loft
  • 4-minute walk to Southbank Riverwalk

About This Home

Step into a classic Chicago loft of timeless elegance in this rarely available 3-bedroom, 2-bath corner unit at the historic Paper Place Lofts in the heart of the South Loop. Originally designed by legendary architect Daniel Burnham, this one-of-a-kind residence blends century-old character with contemporary comfort. Soaring ceilings, exposed brick, and oversized windows create an open atmosphere, while rich hardwood floors and custom finishes provide warmth and style. The open-concept living and dining area flows seamlessly into a renovated kitchen featuring quartz countertops, sleek wood cabinetry, and stainless steel appliances-perfect for everyday living and entertaining alike. The primary suite is a peaceful retreat with a spacious layout and oversized windows. The two additional bedrooms, which also include an ample 4th space up the beautiful spiral staircase that could be used for storage space or reading nook offers flexibility for your lifestyle while in-unit laundry adds to everyday convenience. Beyond the home, you'll find immense value in the low property taxes and affordable HOA well-below the averages of the area. Located steps from the expanding Riverwalk are plans for the mixed use, $7 billion neighborhood expansion now called 'the 78' which the Chicago Fire stadium is being built by along with seven acres of green space, retail, housing, dining and more all of the existing parks, public transit, restaurants, and the best of the South Loop. This location offers the ideal blend of peaceful charm and city vibrancy. Paper Place is a professionally managed, pet-friendly building with secure entry and elevator access. If you're seeking something with Chicago soul and timeless style-this is it.

Listing Agent

Charis Romanach

Black Label Realty Co. License #475189279 Listed on: 08/04/2025

Black Label Realty Co.

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,208

Year Built

  • Built in 1912 | Remodeled in 2018

HOA Fees

  • $654 Monthly HOA Fees

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 1,543 Sq Ft Home
  • Family Room
  • Living Room with Fireplace
  • Combination Dining and Living Room
  • Loft

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Laundry in multiple locations
  • Dryer
  • Washer

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Listing and Financial Details

  • Homeowner Tax Exemptions

Community Details

Overview

  • Association fees include heat, water, gas, insurance, security, exercise facilities, exterior maintenance, scavenger, snow removal
  • 105 Units
  • Lisa Guidara Association, Phone Number (312) 944-2611
  • High-Rise Condominium
  • Paper Place Lofts Subdivision
  • Property managed by Associa
  • 10-Story Property

Amenities

  • Laundry Facilities
  • Elevator

Recreation

  • Bike Trail

Pet Policy

  • Dogs and Cats Allowed

Security

  • Resident Manager or Management On Site

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,208

Year Built

Built in 1912 | Remodeled in 2018

Lot Details

0

HOA Fees

$654 per month

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: Condo,Condo-Loft,High Rise (7+ Stories)
  • Ownership: Condo
  • EntryLevel: 2
  • New Construction: No
  • Property Sub-Type: Condo,Condo-Loft,High Rise (7+ Stories)
  • Subdivision Name: Paper Place Lofts
  • Year Built: 1912
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2018
  • Special Features: OpenHouse
  • Property Sub Type: Condos
  • Stories: 10
  • Year Renovated: 2018

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Stainless Steel Appliance(s)
  • Basement: None
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplaces: 1
  • Flooring: Hardwood
  • Interior Amenities: Elevator
  • LivingArea: 1543
  • Room Type: Loft
  • Stories Total: 10
  • Estimated Total Finished Sq Ft: 0
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Combined w/ LivRm
  • Total Sq Ft: 0
  • Fireplace Location: Living Room
  • Total Sq Ft: 0
  • Flooring: Carpet

Exterior Features

  • Construction Materials: Brick
  • List Price: 524900
  • Waterfront: No

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Natural Gas, Forced Air
  • Laundry Features: Washer Hookup, In Unit, Common Area, Multiple Locations
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK
  • Association Fee: 654
  • Association Amenities: Bike Room/Bike Trails, Elevator(s), Exercise Room, Storage, On Site Manager/Engineer, Laundry
  • Association Fee Frequency: Monthly
  • Management: Monday through Saturday
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: Associa
  • Management Contact Name: Lisa Guidara
  • Management Phone: 312-944-2611

Fee Information

  • Association Fee Includes: Heat, Water, Gas, Insurance, Security, Exercise Facilities, Exterior Maintenance, Scavenger, Snow Removal

Schools

  • Middle/Junior School District: 299

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: COMMON
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Pets Allowed (Y/N): Yes
  • Max Pet Weight: 999

Tax Info

  • Tax Annual Amount: 5207.99
  • Tax Year: 2023
  • Tax Exemptions: Homeowner

Multi Family

  • Units in Building: 105

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $5,208 $35,788 $3,297 $32,491
2023 $5,055 $28,001 $2,663 $25,338
2022 $5,055 $28,001 $2,663 $25,338
2021 $5,630 $27,999 $2,662 $25,337
2020 $5,699 $25,581 $2,408 $23,173
2019 $4,909 $27,861 $2,408 $25,453
2018 $4,825 $27,861 $2,408 $25,453
2017 $4,808 $25,712 $1,992 $23,720
2016 $4,650 $25,712 $1,992 $23,720
2015 $4,988 $27,221 $1,992 $25,229
2014 $3,625 $19,536 $1,835 $17,701
2013 $3,075 $19,536 $1,835 $17,701
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/04/2025 08/04/25 For Sale $524,900 +31.6% $340 / Sq Ft
11/22/2019 11/22/19 Sold $399,000 0.0% $261 / Sq Ft
10/22/2019 10/22/19 Pending -- -- --
10/17/2019 10/17/19 For Sale $399,000 +33.0% $261 / Sq Ft
03/22/2013 03/22/13 Sold $299,900 0.0% $196 / Sq Ft
02/08/2013 02/08/13 Pending -- -- --
01/23/2013 01/23/13 Price Changed $299,900 -6.3% $196 / Sq Ft
12/09/2012 12/09/12 For Sale $319,900 -- $209 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $399,000 Attorneys Ttl Guaranty Fund
Special Warranty Deed $300,000 Fidelity National Title
Deed In Lieu Of Foreclosure -- None Available
Warranty Deed $320,000 Chicago Title Insurance Comp
Warranty Deed -- --
Joint Tenancy Deed $155,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $377,800 New Conventional
Closed $379,050 New Conventional
Previous Owner $269,910 Adjustable Rate Mortgage/ARM
Previous Owner $324,500 Unknown
Previous Owner $264,000 Unknown
Previous Owner $56,000 Credit Line Revolving
Previous Owner $256,000 Fannie Mae Freddie Mac
Previous Owner $64,000 Credit Line Revolving
Previous Owner $228,900 Unknown
Previous Owner $228,000 Unknown
Previous Owner $228,000 No Value Available
Previous Owner $50,000 Credit Line Revolving
Previous Owner $125,000 Unknown
Previous Owner $123,400 No Value Available
Source: Public Records

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Source: Midwest Real Estate Data (MRED)

MLS Number: 12437958

Midwest Real Estate Data (MRED)

APN: 17-16-410-022-1018