1 of 65

Want to see this home?

50 E Chestnut Street Unit 501

Chicago, IL 60611

3 beds
4 baths
3,904 sqft
$563 per sqft
2007 build
– on site

Discover incredible value with this property - a major deal offered well below the initial purchase price, presenting a golden opportunity for savvy investors and homebuyers alike. The sellers are eager to sell quickly at this aggressive price, now $1.2 million lower than the original asking price. This stunning unit offers luxury living at its finest, just steps from Magnificent Mile, fine dining, grocery stores, retail shops, and the Chicago lakefront. In this boutique building in the heart of the Gold Coast, every floor is home to one resident. Take a private elevator from your heated garage parking, and walk directly into your unit for the ultimate privacy. Step inside to find your stunning 3 bedroom, 3.5 bath home, complete with gorgeous designer finishes throughout. A sleek eat-in kitchen with Wolf and Subzero appliances offers the perfect spot for meals at home, and large windows in your expansive living and dining rooms welcome lots of natural light. This unit also boasts four fireplaces and a fire feature on the terrace, making for cozy nights in every room during our fall and winter seasons! The primary suite offers a large walk-in closet, a spa-like en suite bathroom, and direct terrace access. A spacious home gym easily converts into an additional bedroom or office space. Outside, enjoy the only wraparound private terrace in the building. It offers great space for entertaining and dining, as well as plenty of room for pets to roam and run. The building offers an additional communal terrace, a dog run, a fitness center, and 24 hour door staff, as well as large storage lockers and a bike storage room. Two indoor parking spaces included in asking price. ***Please note 3rd bedroom measurements prior to scheduling a showing. Sellers use this space as a workout studio/office but it can easily be transitioned back into a 3rd bedroom. Includes a spa-like shower in the room.*** If you've been waiting for a unit that has it all in the heart of the city, look no further!

Listing courtesy of MRED / Coldwell Banker Realty as distributed by MLS GRID

Last checked: Checking… • Last updated Nov 9, 2024 •

MLS# 11919697 —

The Building

Year Built:

2007
Rebuilt:

No
New Construction:

false
Basement:

None
Disability Access:

No
Stories Total:

38
Living Area Source:

Estimated

Interior

Rooms Total:

7
Room Type:

Foyer, Other Room
Interior Features:

Elevator, Hardwood Floors, Built-in Features, Walk-In Closet(s)
Laundry Features:

In Unit

Room Dimensions

Living Area:

3904

Location

Directions:

Michigan Ave to Chestnut then West
Location:

12660

The Property

Parcel Number:

17032170181001
Property Type:

Residential
Lot Size Dimensions:

COMMON
Waterfront:

false
Additional Parcels:

true

Listing Agent

Contact info:

Taxes

Tax Year:

2023
Tax Annual Amount:

60560.05

Beds

Bedrooms Total:

3
Bedrooms Possible:

3

Baths

Baths:

4
Full Baths:

3
Half Baths:

1

The Listing

Special Listing Conditions:

List Broker Must Accompany

Heating & Cooling

Heating:

Natural Gas
Cooling:

Central Air

Utilities

Sewer:

Public Sewer
Water Source:

Lake Michigan, Public

Appliances

Appliances:

Double Oven, Range, Microwave, Dishwasher, Refrigerator, High End Refrigerator, Washer, Dryer, Disposal, Range Hood

Schools

Elementary School District:

299
Middle Or Junior School District:

299
High School District:

299

The Community

Pets Allowed:

Cats OK, Dogs OK
Association Fee:

4342
Association Fee Includes:

Heat, Air Conditioning, Water, Gas, Security, Doorman, TV/Cable, Exterior Maintenance, Internet
Association Fee Frequency:

Monthly
Master Assoc Fee Frequency:

Not Required

Parking

Parking Total:

2
Garage Type:

Attached
Garage Spaces:

2
Garage Onsite:

Yes
Garage Ownership:

Owned

Monthly cost estimate

Asking price

$2,200,000

Expense	Monthly cost
Mortgage	$11,780
Taxes	$5,046
Insurance	$605
HOA fees	$4,342
Utilities	$178 See report
Total	$21,951/mo.^*
	^*This is an estimate

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Air Pollution Index

Provided by ClearlyEnergy

Sale history

Date	Event	Source	Price	% Change
7/26/24 Jul 26, 2024	Price Changed	MRED	$2,200,000	-15.2%
6/27/24 Jun 27, 2024	Price Changed	MRED	$2,595,000	-3.7%
10/30/23 Oct 30, 2023	Listed / Active	MRED	$2,695,000

Want a closer look?

Go see 50 E Chestnut Street

Or Call Toll Free 1-800-241-3327

We guarantee that we’ll never spam you.

* indicates a required field

More homes

Newest listings in Chicago, IL

Similar sold homes

This condo located in Downtown, Chicago, IL 60611 is currently for sale for $2,200,000. 50 E Chestnut Street Unit 501 is a 3,904 square foot condo with 3 beds and 4 baths that has been on Estately for 395 days. 50 E Chestnut Street Unit 501 is in the Downtown neighborhood of Chicago and has a WalkScore® of 99, making it a walker’s paradise. This condo is in the attendance area of Ogden Elementary School and Wells Community Academy High School.

Listing courtesy of MRED, Coldwell Banker Realty, and Bari Mill as distributed by MLS GRID.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Signal Real Estate are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
© 2024 Midwest Real Estate Data LLC
Information deemed reliable but not guaranteed by MLS GRID. Use of MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant's applicable MLS if any and as amended from time to time.

Based on information submitted to MLS GRID as of Nov 9, 2024, 02:00 am. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.