1 of 54

Want to see this home?

950 N Michigan Avenue Unit 5503-5501

Chicago, IL 60611

4 beds
6 baths
6,000 sqft
$416 per sqft
1984 build
– on site

A rare find in city living. 6000 Sq foot duplex penthouse with 2 balconies and endless breathtaking wrap around East, North, South & West views of the lake and city. No detail was left unturned in this thoughtful and flexible layout. The gorgeous entryway leads to a den/library with a private bathroom, as well as an elegant living room both enjoying a lakefront balcony. This home has a beautifully large formal dining room, exceptional kitchen w/ 2 large islands - perfect for informal dining or accommodating caterers. Kitchen has custom wood cabinetry with built-ins for abundant storage, even 3 blind corner pullouts. Other special features include a wine fridge, double oven, oversized refrigerator, 2 additional refrigeration drawers. First floor also has a family room with a dry bar, bedroom, den/office and full bath. Possibilities for this flexible space could be for in-laws, live-in help, early career adult children or just for you! An elegant floating wood staircase leads to a second floor oasis which includes an expansive primary suite featuring unobstructed lake views, a private balcony, three walk-in closets, and a luxurious bath with heated floors, dual sinks, a large shower, and a dressing area, Two additional ensuite bedrooms, each with generous proportions and premium finishes. Practical luxury - 2 laundry rooms (one on each floor) and abundant storage and closet space. Throughout the unit are beautiful rich finishes from floor to ceiling such as hardwood floors, custom lights and blinds to name a few. No words can accurately describe the beauty and thoughtfulness put into this unit. A must see. Full amenity building includes a 24 hour doorman, exercise room, indoor pool & sun deck. Sizes & dimensions on VHT floor plan are approximate. Schedule a showing,

Listing courtesy of MRED / Baird & Warner as distributed by MLS GRID

Last checked: Checking… • Last updated Apr 19, 2025 •

MLS# 12155352 —

The Building

Year Built:

1984
Rebuilt:

No
New Construction:

false
Construction Materials:

Marble/Granite
Basement:

None
Exterior Features:

Balcony
Disability Access:

No
Stories Total:

56
Living Area Source:

Builder
Entry Level:

55
Window Features:

Drapes

Interior

Room Type:

Den, Office, Utility Room-2nd Floor, Balcony/Porch/Lanai, Walk In Closet
Rooms Total:

10
Interior Features:

Dry Bar, 1st Floor Bedroom, 1st Floor Full Bath, Storage, Walk-In Closet(s), High Ceilings, Open Floorplan, Special Millwork, Doorman, Granite Counters, Lobby, Separate Dining Room
Laundry Features:

Washer Hookup, Main Level, Upper Level, Electric Dryer Hookup, In Unit, Sink
Flooring:

Hardwood, Carpet

Room Dimensions

Living Area:

6000

Financial & Terms

Lease Amount:

$348

Location

Directions:

On Michigan Avenue across from the Drake Hotel between Oak Street and Walton Street
Location:

11000
Location:

84025

The Property

Parcel Number:

17032070681122
Property Type:

Residential
Lot Size Dimensions:

COMMON
Waterfront:

false
Additional Parcels:

true

Listing Agent

Contact info:

Taxes

Tax Year:

2023
Tax Annual Amount:

54265.81

Beds

Bedrooms Total:

4
Bedrooms Possible:

4

Baths

Baths:

6
Full Baths:

4
Half Baths:

2

The Listing

Virtual Tour Unbranded:

Virtual Tour
Special Listing Conditions:

List Broker Must Accompany

Heating & Cooling

Heating:

Electric, Radiant, Sep Heating Systems - 2+, Indv Controls, Zoned, Radiant Floor
Cooling:

Central Air, Zoned

Utilities

Sewer:

Public Sewer
Electric:

200+ Amp Service
Water Source:

Lake Michigan, Public

Schools

Elementary School District:

299
Middle Or Junior School District:

299
High School District:

299

The Community

Pets Allowed:

Cats OK, Dogs OK, Number Limit, Size Limit
Association Amenities:

Bike Room/Bike Trails, Door Person, Elevator(s), Exercise Room, Health Club, On Site Manager/Engineer, Sundeck, Indoor Pool, Receiving Room, Restaurant, Sauna, Service Elevator(s), Spa/Hot Tub
Association Fee:

7768
Association Fee Includes:

Water, Insurance, Security, Doorman, TV/Cable, Exercise Facilities, Pool, Exterior Maintenance, Scavenger, Snow Removal, Internet
Association Fee Frequency:

Monthly
Master Assoc Fee Frequency:

Not Required

Parking

Parking Total:

2
Parking Features:

On Site, Leased, Attached, Garage
Garage Spaces:

2

Monthly cost estimate

Asking price

$2,500,000

Expense	Monthly cost
Mortgage	$13,386
Taxes	$4,522
Insurance	$687
HOA fees	$7,768
Utilities	$245 See report
Total	$26,608/mo.^*
	^*This is an estimate

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Air Pollution Index

Provided by ClearlyEnergy

Sale history

Date	Event	Source	Price	% Change
4/18/25 Apr 18, 2025	Pending	MRED	$2,500,000
3/21/25 Mar 21, 2025	Sold Subject To Contingencies	MRED	$2,500,000
2/24/25 Feb 24, 2025	Price Changed	MRED	$2,500,000	-21.9%

Want a closer look?

Go see 950 N Michigan Avenue

Or Call Toll Free 1-800-241-3327

We guarantee that we’ll never spam you.

* indicates a required field

More homes

Newest listings in Chicago, IL

Similar sold homes

This condo located in Downtown, Chicago, IL 60611 is currently pending sale for $2,500,000. 950 N Michigan Avenue Unit 5503-5501 is a 6,000 square foot condo with 4 beds and 6 baths that has been on Estately for 183 days. 950 N Michigan Avenue Unit 5503-5501 is in the Downtown neighborhood of Chicago and has a WalkScore® of 99, making it a walker’s paradise. This condo is in the attendance area of Wells Community Academy High School and Ogden Elementary School.

Listing courtesy of MRED, Baird & Warner, and Judith Pielet as distributed by MLS GRID.

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 Signal Real Estate are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. 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.
© 2025 Midwest Real Estate Data LLC
Information deemed reliable but not guaranteed by MLS GRID. Use of MLS GRID 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.

Based on information submitted to MLS GRID as of Apr 19, 2025, 09:04 am. 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.