$2,200,000
3 Beds
3.5 Baths
3,904 SqFt
Acre Lot
Sqft Lot

Property Map

$2,200,000 – 50 E Chestnut Street Unit 501, Chicago, IL 60611

Street View

Courtesy of Coldwell Banker Realty {attribution_contact}

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!

Property Details and Features

Appliances & Equipment

  • Appliances: “Double Oven”, “Range”, “Microwave”, “Dishwasher”, “Refrigerator”, “High End Refrigerator”, “Washer”, “Dryer”, “Disposal”, “Range Hood”

Basement

  • “None”
  • None

Bathrooms

  • 3 full bathrooms
  • 1 half bathroom

Bedrooms

  • 3 bedrooms total

Building

  • Area: 3904
  • Built in 2007
  • Rebuilt: No

Cooling

  • “Central Air”

Accessibility Features

  • No

Garage

  • 2 spaces
  • Onsite
  • Ownership: Owned
  • Type: Attached

Heating

  • “Natural Gas”

Home Owner’s Association

  • Dues: $4,342
  • Dues Frequency: Monthly
  • Dues include: “Heat”, “Air Conditioning”, “Water”, “Gas”, “Security”, “Doorman”, “TV/Cable”, “Exterior Maintenance”, “Internet”

Laundry

  • “In Unit”

Listing

  • 316 days on market
  • Listing Price: $2,200,000
  • Status: Active
  • Ownership: Condo

Location

  • Area: CHI – Near North Side
  • County: Cook

Lot

  • Dimensions: COMMON

Parking

  • Parking included in price
  • Parking Total: 2

Pets Policy

  • Description: “Cats OK”, “Dogs OK”

Sewer

  • “Public Sewer”

Utilities

  • Water Source: “Lake Michigan”, “Public”

Taxes

  • Annual Taxes: $60,560
  • Year: 2023
  • Exemptions: None

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