50 E Chestnut Street #501
Chicago, IL 60611

Sold

Sold for $1,950,000 on Apr 24, 2025

Description

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!

Features

• Property Type: Condo/Townhouse
• Sub Type: Attached Single
• Listing Status: Closed
• Listing Price: $2,200,000
• County/Area: Cook County
• Zip Code: 60611
• Year Built: 2007
• Age: 16-20 Years
• School District: 299
• Sq.Ft.: 3,904 sq ft
• Total Rooms: 7
• Bedrooms: 3
• Full Baths: 3
• Half Baths: 1
• Garage: 2 Car
• # of Parking Spaces: 2
• Baths: 4
• # Of Days For Bd Apprvl: 30
• Additional Parcels: Yes
• Additional Parcels Description: 17032170181082, 17032170181083
• Appliances: Double Oven, Range, Microwave, Dishwasher, Refrigerator, High End Refrigerator, Washer, Dryer, Disposal, Range Hood
• Association Fee Includes: Heat, Air Conditioning, Water, Gas, Security, Doorman, TV/Cable, Exterior Maintenance, Internet
• Bath Amenities: Double Sink
• Bedrooms Possible: 3
• Construction Materials: Glass, Concrete
• Cooling: Central Air
• Directions: Michigan Ave to Chestnut then West
• East: 50
• Entry Level: 5
• Flooring: Hardwood
• HOA Fee: 4342
• HOA Frequency: Monthly
• Heating: Natural Gas
• Interior Features: Elevator, Built-in Features, Walk-In Closet(s)
• Is Parking Included in Price: Yes
• Laundry Features: In Unit
• Living Area Source: Estimated
• Main Type: Residential
• Management Company: DK Condo
• Master Association Fee: No
• Max Pet Weight: 75
• North: 860
• Parking Features: Heated Garage, Garage Owned, Attached, Garage
• Pets Allowed: Cats OK, Dogs OK
• Pets Allowed (Y/N): Yes
• Rooms: Foyer, Other Room
• Sewer: Public Sewer
• Special Service Area: N
• Stories Total: 38
• Tax Annual Amount: 60560.05
• Tax Year: 2023
• Total # Units in Building: 34
• Township: North Chicago
• Type Attached: Condo
• Water Source: Lake Michigan, Public