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Backup Offers

161 E Chicago Ave Unit 54B, Chicago, IL, 60611

$850,000

Home List Price

$10,000*

Closing Credit

2 Bedrooms
2 Full Baths, 1 Partial
2,154 SqFt
$395/SqFt
Condo

Location

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161 E Chicago Ave Unit 54B, Chicago$850,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
Attached Garage1 space
Year Built1985
HeatingElectric, Baseboard
CoolingCentral Air
MLS #12164974
StatusAccepting Backup Offers
(Contingent)

About 161 E Chicago Ave Unit 54B

Offering classic Chicago sophistication in the heart of the Gold Coast, 161 E. Chicago Ave., unit #54B, is a 2154-square-foot luxury condo with breathtaking lake views and first-class amenities. Located in Olympia Centre, one of Chicago's premier high-rises steps from the Magnificent Mile, unit #54B features rare oversized windows, hardwood floors, and designer finishes. This home's handsome entry has a deep coat closet and access to a polished powder room, and connects to a large (22' x 7') foyer with gorgeous marble floors and modern millwork details. The living room is spectacularly spacious for a myriad of elevated living/entertaining configurations, features oversize windows that frame those unobstructed Lake Michigan views, and connects to a defined formal dining space. The gourmet, galley-style kitchen features a high-end stainless steel SubZero refrigerator, double ovens, custom white lacquer cabinetry, and natural stone countertops. The south end of the living room links to a light-filled den with a coffered ceiling and Art Deco accent lighting that can serve as a second bedroom based on preference. Sizable and lake-facing, the primary suite features three custom walk-in closets, more beautiful window benches and a sitting area, and comes complete with a luxe ensuite bath with marble floors, a double vanity, a soaking tub and a glass-encased shower. Additional in-unit details include custom window treatments, designer wallcoverings and statement lighting, and a walk-in laundry room. Building amenities include 24-hour door service, concierge, an on-site laundry room, a wide-open party room and lounge space to use for large-scale entertaining, an indoor pool, two separate fitness centers, a sauna, a whirlpool, and a sundeck with incredible views of the city and surrounding neighborhood. Steps from Lake Michigan, Oak Street Beach and the best shopping, dining, and cultural institutions Chicago has to offer, 161 E. Chicago Ave., unit 54B, delivers both convenience and lifestyle. (On site garage parking available, and the building is pet-friendly.)

Property Details

Property Features

Property Information:

  • Year Built: 1985
  • Stories: 64
  • Living Area: 2,154 SqFt

Listing Office:

  • Office Name: Jameson Sotheby's Intl Realty
  • Office Phone: (312) 751-0300
  • Listing Agent: Timothy Salm

Interior Features

Interior Information:

  • Appliances: Microwave, Dishwasher, Refrigerator, Washer, Dryer, Disposal, Cooktop, Electric Cooktop, Electric Oven
  • Basement: No
  • Interior: Laundry Hook-Up in Unit

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 2
  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • Exterior: End Unit

Parking Information:

  • Garage Space: 1 space
  • Attached Garage: Yes

Utilities

Utilities Information:

  • Heating: Electric, Baseboard
  • Cooling: Central Air

Other

Directions Information:

  • Directions: ON CHICAGO AVE JUST EAST OF MICHIGAN AVE.

Price Information

Listing Price Info

Price Summary:

  • List Price: $850,000
  • Price Per SqFt: $395/SqFt

HOA Fees:

  • Amount: $1985
  • Frequency: Monthly

Tax Information:

  • Annual Amount: $19,641
  • Tax Year: 2019
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Housing Market Comparison

See how this home compares to others in Chicago, IL.

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Chicago, IL

City

Med. Sold Price

$363.9K

Med. Price/SqFt

$260

Avg. Days On Market

33

# of Sold Homes

1620

161 E Chicago Ave Unit 54B vs Chicago

97 DAYS ON ROCKET

+64 Days

$850,000

+$486K More

$395/SqFt

+$134 More

KEY TAKEAWAY

This property is $486K more than the Median Sold Price and $134/SqFt more than other homes in Chicago, IL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MRED
  • MLS Number: #12164974

Listing Office:

  • Office Name: Jameson Sotheby's Intl Realty
  • Office Phone: (312) 751-0300
  • Listing Agent: Timothy Salm

IDX Listings courtesy of Midwest Real Estate Data as distributed by MLS GRID.

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.

IDX Copyright © 2024 Midwest Real Estate Data LLC (MRED). All rights reserved.

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 the broker/agent who owns the website are marked with the MRED Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (the MRED logo) and detailed information about them includes the names of the listing brokers.

All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED 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. IDX information is provided exclusively 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. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED 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.

Some properties which appear for sale on this website may subsequently have sold and may no longer be available. Information Deemed Reliable but Not Guaranteed. 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. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

DIGITAL MILLENNIUM COPYRIGHT ACT (DMCA) NOTICE
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the "DMCA") provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@theMLSGRID.co

The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.

Copyright © 2024 Midwest Real Estate Data LLC (MRED). All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/24/2024, 12:16:02 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2019$19,641$101,189
2018$19,309$101,189
2017$20,992$97,516

History based on county public records data.

Payment Calculator

$6,295

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,615

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-1364818
9
/10

  • Skinner Elementary School

  • 111 S Throop St

  • 1.36 miles

  • Public District Grades PK-5

school-card-donut-1364819
3
/10

  • Hope Learning Academy

  • 1628 W Washington Blvd

  • 2.47 miles

  • Public District Grades KG-5

school-card-donut-1364820
4
/10

  • Cooper Elementary Academy

  • 1624 W 19th St

  • 3.60 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $95,000. The most common annual income of people living in Chicago, IL is between $35k-100k. Most families are single, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 161 E Chicago Ave Unit 54B

What is the listing price of this property?

The listing price of 161 E Chicago Ave Unit 54B property is $850,000.

What type of property is this?

The property 161 E Chicago Ave Unit 54B is a condo located in Chicago, Illinois, 60611.

Is this property for sale now?

Accepting Backup Offers: 161 E Chicago Ave Unit 54B is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.

What is the annual property tax for this property?

According to the records, the last property tax for 2019 is $19,641 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 161 E Chicago Ave Unit 54B has 2 bedrooms and 2 full and 1 half bathrooms.

What is the square footage of this property?

The property 161 E Chicago Ave Unit 54B is 2,154 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 161 E Chicago Ave Unit 54B is 1985.

Rocket Homes›Illinois›Cook County›Chicago›60611›161 E Chicago Ave Unit 54B

This home is located at 161 E Chicago Ave Unit 54B in Chicago, IL and zip code 60611 in the Near North Side neighborhood. This 2,154 square foot home was built in 1985. Features: 2 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since September 18, 2024 and is currently priced at $850,000.

Chicago, IL housing market in November 2024 saw over 521 listings sold above listed price, more than 254 sold at listed price and over 845 sold below. Between October 2024 and November 2024, Chicago, IL real estate market has seen increase in the number of listings by 2.1%. While the average time on the market in November 2024 was 33 days, the median list price was $363,936.

From Rocket Homes Real Estate and based on county public records data.

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