NOT LISTED FOR SALE

The Powhatan 4950 S Chicago Beach Dr Unit 16B Chicago, IL 60615

Kenwood Neighborhood
3 Beds
3 Baths
2,400 Sq Ft
$3,860/mo HOA Fee

Last Sold February 22, 2023

Last sale price $262,500 $109 Per Sq Ft

86 Days on Market

Highlights

  • Doorman
  • Fitness Center
  • Waterfront
  • Kenwood Academy High School Rated A-
  • Private Pool
  • Wood Flooring

About This Home

As of February 2023

The List Price includes one year's free monthly assessment and taxes! The Powhattan is a luxurious, 1929 landmark designated building. It is considered the best example of Art Deco residential architecture in Chicago. Designed by renowned architects Robert De Golyer and Charles L. Morgan at the height of the Roaring 20s, The Powhattan provides the elegance of an era gone by. This spacious, 3-bedroom, 3-bathroom residence with panoramic views of Lake Michigan and Chicago's lakefront is designed on a grand scale with stunning lake and park views, magnificent hardwood parquet floors, elegant high ceilings, a decorative fireplace, and formal & casual dining. Each bedroom has an en-suite bath and walk-in closets. The Powhatan's thirty-eight apartment owners and their guests enjoy its Art Deco lobby, exquisite top-floor ballroom with grand piano and kitchen, two entertaining terraces with grills and seating for outdoor entertainment, stunning Art Deco indoor swimming pool & fitness room, round-the-clock door person and elevator attendants and valet parking. There are only two apartments per floor; each has a separate attended elevator. The spacious bathrooms and kitchen allow the buyer to custom design them to their taste. The Powhatan is beyond comparison. The monthly assessment includes parking, real estate taxes, all amenities, and 5-star service. Substantial capital improvements have occurred over the past decade to bring the infrastructure of this landmark to enhance its value.

Last Agent to Sell the Property

Michael Fine

Fine and Company LLC License #471009718 Listed on: 09/27/2022

Last Buyer's Agent

Esther Williams

Ultimate Real Estate Group LLC License #475128459

Property Details

Home Type

  • Co-Op

Year Built

  • Built in 1929

HOA Fees

  • $3,860 Monthly HOA Fees

Home Design

  • Plaster

Interior Spaces

  • 2,400 Sq Ft Home
  • Built-In Features
  • Bookcases
  • Historic or Period Millwork
  • Entrance Foyer
  • Living Room
  • Formal Dining Room
  • Home Gym
  • Wood Flooring
  • Laundry in unit

Bedrooms and Bathrooms

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

Parking

  • 1 Parking Space
  • Uncovered Parking
  • Parking Included in Price
  • Assigned Parking

Utilities

  • No Cooling
  • Radiant Heating System
  • Lake Michigan Water

Additional Features

  • Private Pool
  • Waterfront
  • Property is near a bus stop

Listing and Financial Details

  • Homeowner Tax Exemptions

Community Details

Overview

  • Association fees include heat, water, gas, parking, taxes, insurance, doorman, exercise facilities, pool, exterior maintenance, lawn care, scavenger, snow removal
  • 40 Units
  • On Request Association, Phone Number (999) 999-9999
  • High-Rise Condominium
  • 22-Story Property

Amenities

  • Doorman
  • Sundeck
  • Party Room
  • Laundry Facilities
  • Elevator
  • Service Elevator
  • Lobby
  • Package Room
  • Community Storage Space

Recreation

  • Fitness Center
  • Community Indoor Pool
  • Bike Trail

Pet Policy

  • Dogs and Cats Allowed

Security

  • Resident Manager or Management On Site

Property Details

Home Type

Co-Op

Year Built

Built in 1929

Lot Details

0

HOA Fees

$3,860 per month

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: High Rise (7+ Stories),Vintage
  • Ownership: Co-op
  • New Construction: No
  • Property Sub-Type: High Rise (7+ Stories),Vintage
  • Year Built: 1929
  • Age: 91-100 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: School Bus Service,Commuter Bus,Commuter Train,Historical District
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Unit Floor Level: 16
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Coop
  • Stories: 22

Interior Features

  • Basement: None
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Total Bedrooms: 3
  • Interior Amenities: Hardwood Floors, Built-in Features, Walk-In Closet(s), Bookcases, Historic/Period Mlwk, Doorman, Health Facilities, Lobby, Separate Dining Room, Plaster
  • LivingArea: 2400
  • Room Type: Foyer
  • Stories Total: 22
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: None
  • Below Grade Bedrooms: 0
  • Dining Room: Separate
  • Total Sq Ft: 0
  • Total Sq Ft: 0
  • ResoLivingAreaSource: Estimated

Exterior Features

  • List Price: 275000
  • Waterfront: Yes
  • Exterior Building Type: Brick,Limestone

Garage/Parking

  • Parking Features: Assigned
  • ParkingTotal: 1
  • Number of Cars: 1
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Cooling: None
  • Electric: Circuit Breakers
  • Heating: Radiant
  • Laundry Features: In Unit, Common Area
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK
  • Association Fee: 3860
  • Association Amenities: Bike Room/Bike Trails, Door Person, Elevator(s), Exercise Room, Storage, On Site Manager/Engineer, Party Room, Sundeck, Indoor Pool, Receiving Room, Service Elevator(s), Laundry, Elevator(s), Public Bus, Private Indoor Pool
  • Association Fee Frequency: Monthly
  • Management: Self-Management
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: Self Managed
  • Management Contact Name: On request
  • Management Phone: 999-999-9999X000
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Heat, Water, Gas, Parking, Taxes, Insurance, Doorman, Exercise Facilities, Pool, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal

Schools

  • Middle/Junior School District: 299

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 0.25
  • 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 Year: 2020
  • Tax Exemptions: Homeowner

Multi Family

  • Units in Building: 40

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/22/2023 02/22/23 Sold $262,500 -4.5% $109 / Sq Ft
12/23/2022 12/23/22 Pending -- -- --
09/27/2022 09/27/22 For Sale $275,000 -- $115 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2023

    Michael Fine

    Fine and Company LLC

    Section Image

  • E

    Buyer's Agent in 2023

    Esther Williams

    Ultimate Real Estate Group LLC

    (773) 340-9101

    1 in this area

    32 Total Sales

    Esther Williams
    Section Image
See All Agents

About The Powhatan

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11639002

Midwest Real Estate Data (MRED)
Illinois Cook County Chicago 60615 Kenwood

4950 S Chicago Beach Dr Unit 16B, Chicago, IL

This home is located at 4950 S Chicago Beach Dr Unit 16B, Chicago, IL 60615 since 27 September 2022. This property was built in 1929. 4950 S Chicago Beach Dr Unit 16B is a home located in Cook County with nearby schools including Ray Elementary School, Shoesmith Elementary School, and Kenwood Academy High School.

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