240 East Illinois Street, Unit 306

Chicago, IL 60611

$505,000
Last Sold Price
2
Beds
2
Baths
1,314 Sq. Ft.
$384 / Sq. Ft.
1,314
Sq. Ft.
$384
per Sq. Ft.

Description

Attn: All Investors! Best priced 2 bedroom in the building! Welcome to The Lofts and Fairbanks at Cityfront Plaza. Investor Friendly 2-bedroom 2- Full bathroom + office nook cement loft located on a quiet cul-de-sac between Michigan Avenue (Mag Mile) & North/Navy Pier on Upper Illinois St. This spacious split 2-bedroom floorplan with both bedrooms fully enclosed is vacant and ready to be owner occupied or take advantage of Chicago's historically high rental market as an investment (no rental CAP...Attn: All Investors! Best priced 2 bedroom in the building! Welcome to The Lofts and Fairbanks at Cityfront Plaza. Investor Friendly 2-bedroom 2- Full bathroom + office nook cement loft located on a quiet cul-de-sac between Michigan Avenue (Mag Mile) & North/Navy Pier on Upper Illinois St. This spacious split 2-bedroom floorplan with both bedrooms fully enclosed is vacant and ready to be owner occupied or take advantage of Chicago's historically high rental market as an investment (no rental CAP in the Loft section of the building). Huge open kitchen concept complete with stainless steel appliances, oven hood, wrap around granite counter tops with breakfast bar, garbage disposal, and full backsplash. Ample size living room/dining room combo with dark hardwood throughout has floor to ceiling windows which open to a 32ft walk out balcony with stunning Southern city views both during the day and jaw dropping cityscape night views as well! Two large bedrooms including primary bedroom with en suite bathroom, dual sinks, marble countertops, glass stand up shower, and deep soaking tub. Bonus features for this unit include stunning built in wine bar, office nook with full size desk & three shelves, front-loading full-size washer/dryer, private storage closet off balcony, cage storage locker, sprinkler system, & professionally organized closets throughout. HOA fees include most utilities like heat/AC, water, gas, cable/internet...all you pay is electric! This full amenity building offers 24hr door staff, on site management & maintenance, outdoor pool/sun deck with grills & park bench terrace, 2 exercise facilities (weight room & cardio room), party room for events, Movie Theater, business center, and dog run all on one floor! This unit offers one deeded extra-large end garage parking space with no car on one side and secured entry from the rest of the garage for an additional 45k. The building is also attached to Whole Foods & Planet Fitness (elevator access) and offers a green grass park across the street. Walk to all the City of Chicago has to offer including the iconic shopping mecca the "Magnificent Mile" at the corner (Hugo Boss, Nordstrom, Saks Fifth Ave, Cartier, Rolex, Water Tower, etc...) or Walk East down the stairs to North Pier/Navy Pier (Target, Walgreens, AMC Movies, etc...). Just steps to restaurants, nightlife, The Loop, and lakefront fun like fireworks, Ferris wheel, food trucks, boat rides, biking, concerts, and so much more! A true Chicago City Experience!
  1. Listed by Peter Basile • 312 Estates LLC

Sold By 312 Estates LLC

Property Details for 240 East Illinois Street, Unit 306

Area
CHI - Near North Side
Township
North Chicago
Ownership
Condo
Num Of Garage Spaces
1.0
Num Of Cars
1.0
Parking Included in Price
Yes
Heat/Fuel
Natural Gas, Forced Air
Pets Allowed
Yes

Location

Add your commute
LISTING UPDATED: 09/29/2023 06:13 PM

Property Details for 240 East Illinois Street, Unit 306

StatusClosed
MLS #11872382
Days on Market31
Taxes$9,606 / year
HOA Fees$1,193 / month
Condo/Co-op Fees-
Compass TypeCondo
MLS TypeAttached Single / Condo
Year Built2007
CountyCook County

Building

240 E Illinois St

281 Units31 StoriesBuilt in 2007

Location

Add your commute

Building Information for 240 East Illinois Street, Unit 306

Building/Complex240 E Illinois StFloor3Stories31Residences281Pet PolicyAllowedYear Built2007

Payment Calculator

$4,749 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,756

Property Taxes

$801

HOA Dues

$1,193

The Payment Calculator is for illustrative purposes only.

Property Information for 240 East Illinois Street, Unit 306

General Information
School Information
  • Elementary School District: 299
  • Elementary School: Ogden Elementary
  • High School District: 299
  • Middle Or Junior School District: 299
Addtl Parking Information
  • Garage Details: Transmitter(s)
  • Garage On Site: true
  • Garage Ownership: Deeded Sold Separately
  • Garage Type: Attached
  • Deeded Garage Cost: $45,000.00
  • Parking: Garage
Pet Information
  • Max Pet Weight: 999.0
  • Pet Information: Cats OK, Dogs OK, Pet Count Limitation
Taxes and HOA Information
  • Association Fee Frequency: Monthly
  • Additional Parcels: Yes
Property Information
Interior Features
  • Interior Property Features: Elevator, Hardwood Floors, First Floor Laundry, Laundry Hook-Up in Unit, Storage, Flexicore
  • Common Area Amenities: Door Person, Elevator, Exercise Room, Storage, On Site Manager/Engineer, Park/Playground, Party Room, Sundeck, Pool-Outdoors, Receiving Room, Business Center, Picnic Area
  • Num Of Rooms: 5
  • Bedrooms (Below Grade): 0
  • Unit Floor Level: 3
  • Basement Type: None
  • Bedrooms Possible: 2
  • Air Conditioning: Central Air
  • Electric: Circuit Breakers
  • Basement Description: None
  • Dining Room: Combined w/ LivRm
  • Basement Bathrooms: No
  • Room Type: Balcony/Porch/Lanai
  • Num of Baths: 2.0
Exterior Features
  • Type: Condo,Condo-Loft
Utilities / Equipment
  • Sewer: Sewer-Public
  • Water: Lake Michigan, Public
  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Disposal, All Stainless Steel Kitchen Appliances
Property/Lot Information
  • New Construction YN: No
  • Rebuilt: No
  • Rehabilitated: No
  • Built Before 1978: No
  • Age: 16-20 Years
  • Type Attached: Condo, Condo-Loft
  • Total Sq Ft: 0
  • Aprox Total Finished Sq Ft: 0
  • Total Finished and Unfin Sq Ft: 0
  • Lot Dimensions: COMMON
  • Stories Total: 31
  • Total # Units in Building: 281.0
  • Waterfront: No
  • Disability Access and/or Equipped: No
  • Exterior Building Type: Brick
  • General Information: Commuter Bus
  • North Coordinate: 450
  • South Coordinate: 0
  • East Coordinate: 240
  • West Coordinate: 0
  • Living Area Source: Builder
Property and Assessments
  • Public Document Count: 1
  • Document Date: 2023-08-29T19:07:25
  • Photos Count: 50
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Room Information
Master Bedroom Information
  • Master Bedroom Level: Main
  • Room Type: Master Bedroom
  • Master Bedroom Bath: Full
  • Master Bedroom Dimensions: 14X11
Bedroom #2 Information
  • 2nd Bedroom Level: Main
  • Room Type: Bedroom 2
  • Bedroom #2 Room Dimensions: 14X11
Bedroom #3 Information
  • 3rd Bedroom Level: N/A
  • Room Type: Bedroom 3
Bedroom #4 Information
  • 4th Bedroom Level: N/A
  • Room Type: Bedroom 4
Dining Room Information
  • Dining Room Level: Main
  • RoomType_DR: Dining Room
  • Dining Room Dimensions: COMBO
Family Room Information
  • Family Room Level: N/A
  • RoomType_FR: Family Room
Kitchen Information
  • Kitchen Level: Main
  • RoomType_KT: Kitchen
  • Kitchen Dimensions: 14X11
Laundry Information
  • Laundry Level: N/A
  • Room Type: Laundry
Living Room Information
  • Living Room Level: Main
  • Room Type: Living Room
  • Living Room Dimensions: 22X20
Balcony/Porch/Lanai Information
  • Room Level: Main
  • Room Type: Balcony/Porch/Lanai
  • Deck Dimensions: 33X05

Property History for 240 East Illinois Street, Unit 306

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 240 East Illinois Street, Unit 306

Taxable ValueLand$22,500Additions$22,272Total$44,772
Tax Record2022$9,209 ($767 / month)
Home Facts
Beds0Lot Size101,059 SqFtStyleCondominiumYear Built2005CountyCOOKAPN17-10-212-031-1006

Schools near 240 East Illinois Street, Unit 306

This home is within City Of Chicago School District 299.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Charter - 10 to 12
Charter - 9 to 12
Rating
School
Distance
Ogden Elementary School
PublicPK to 8

Wells Community Academy High School
Public9 to 12

YCCS-Innovations of Arts Integr
Charter10 to 12

Muchin College Prep
Charter9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of 312 Estates LLC

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Based on information submitted to the MLS GRID as of 09/29/2023 06:13 PM. 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.