50 E Chestnut Street Unit 501
Chicago, IL 60611
- 3 beds
- 4 baths
- 3,904 sqft
- $499 per sqft
- 2007 build
- – on site
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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!
Last checked:
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Last updated May 1, 2025
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MLS# 11919697 —
The Building
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Year Built:2007
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Rebuilt:No
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New Construction:false
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Construction Materials:Glass, Concrete
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Basement:None
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Disability Access:No
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Stories Total:38
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Living Area Source:Estimated
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Entry Level:5
Interior
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Room Type:Foyer, Other Room
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Rooms Total:7
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Interior Features:Elevator, Built-in Features, Walk-In Closet(s)
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Laundry Features:In Unit
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Flooring:Hardwood
Room Dimensions
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Living Area:3904
Location
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Directions:Michigan Ave to Chestnut then West
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Location:12660
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Location:85774
The Property
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Parcel Number:17032170181001
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Property Type:Residential
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Lot Size Dimensions:COMMON
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Waterfront:false
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Additional Parcels:true
Listing Agent
- Contact info:
- Agent phone:
- (312) 981-5500
- Office phone:
- (312) 981-5500
Taxes
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Tax Year:2023
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Tax Annual Amount:60560.05
Beds
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Bedrooms Total:3
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Bedrooms Possible:3
Baths
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Baths:4
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Full Baths:3
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Half Baths:1
The Listing
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Short Sale:Not Applicable
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Special Listing Conditions:List Broker Must Accompany
Heating & Cooling
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Heating:Natural Gas
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Cooling:Central Air
Utilities
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Sewer:Public Sewer
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Water Source:Lake Michigan, Public
Appliances
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Appliances:Double Oven, Range, Microwave, Dishwasher, Refrigerator, High End Refrigerator, Washer, Dryer, Disposal, Range Hood
Schools
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Elementary School District:299
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Middle Or Junior School District:299
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High School District:299
The Community
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Pets Allowed:Cats OK, Dogs OK
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Association Fee:4342
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Association Fee Includes:Heat, Air Conditioning, Water, Gas, Security, Doorman, TV/Cable, Exterior Maintenance, Internet
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Association Fee Frequency:Monthly
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Master Assoc Fee Frequency:Not Required
Parking
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Parking Total:2
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Parking Features:Heated Garage, Garage Owned, Attached, Garage
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Garage Spaces:2
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
4/24/25
Apr 24, 2025
|
Sold | MRED | $1,950,000 | -11.4% |
3/5/25
Mar 5, 2025
|
Sold Subject To Contingencies | MRED | $2,200,000 | |
7/26/24
Jul 26, 2024
|
Price Changed | MRED | $2,200,000 | -15.2% |