LAST SOLD ON JUN 18, 2018 FOR $8,000,000

118 E Erie St Ph 2,
CHICAGO, IL 60611

$6,637,746

Redfin Estimate

Beds

3.5

6,597

Sq Ft

About this home

The Ritz-Carlton Residences presents the final full floor penthouse available with a significant $1,000,000 price reduction. Offered as raw space with 12 ft ceilings and three large terraces, this penthouse home offers endless possibilities atop one of the city's premier buildings. This 6600 square foot penthouse home allows private elevator access directly to your home, and sweeping vistas of the lake and skyline from four exposures. Enjoy five-star Ritz amenities including the Landmark Club with a stunning Gary Lee designed salon, private conference/dining, daily beverage service, fitness center, billiards lounge, terrace, steam, spa treatment/relaxation rooms & screening room. The ultimate lifestyle awaits: full concierge service, butler & wine storage. Valet parking available.

Listed by Mary Beth Malone • @properties Christie's International Real Estate

Listed by Mary Beth Malone

Bought with Kathleen Malone • @properties Christie's International Real Estate

Redfin checked: 1 minute ago (Sept 26, 2023 at 5:30am)

•Source:MRED #09829676

Property Type

Condo

HOA Dues

$10,965/month

Year Built

2012

Community

CHI - Near North Side

Redfin Estimate

$6,637,746

Price/Sq.Ft.

$1,006

Buyer’s Agent Commission

2.5%

Redfin Estimate for 118 E Erie St Ph 2

Edit home facts to improve accuracy.

Create an Owner Estimate

$6,637,746

−$1.4M since sold in 2018 • Last updated 09/26/2023 5:31 am

Redfin Estimate based on recent home sales.

1 / 35
SOLD AUG 29, 2023
$1,725,000
A
Sold Price
3 Beds
3 Baths
3,205 Sq. Ft.
55 E Erie St #3101, Chicago, IL 60611
$468/sq ft
8 years older
55 E Erie St #3101, Chicago, IL 60611
1 / 31
BOUGHT WITH REDFIN AUG 14, 2023
$1,050,000
B
Sold Price
3 Beds
3 Baths
2,384 Sq. Ft.
55 E Erie St #2205, Chicago, IL 60611
$566/sq ft
8 years older
55 E Erie St #2205, Chicago, IL 60611
1 / 35
SOLD AUG 14, 2023
$2,000,000
C
Sold Price
4 Beds
4.5 Baths
5,500 Sq. Ft.
21 E Huron St #4701, Chicago, IL 60611
$642/sq ft
7 years older
21 E Huron St #4701, Chicago, IL 60611
1 / 30
SOLD AUG 25, 2023
$945,000
D
Sold Price
3 Beds
2 Baths
1,762 Sq. Ft.
55 E Erie St #2904, Chicago, IL 60611
$470/sq ft
8 years older
55 E Erie St #2904, Chicago, IL 60611
1 / 35
BOUGHT WITH REDFIN JUL 17, 2023
$840,000
E
Sold Price
2 Beds
2 Baths
1,538 Sq. Ft.
118 E Erie St Unit 14B, Chicago, IL 60611
$460/sq ft
118 E Erie St Unit 14B, Chicago, IL 60611
1 / 56
SOLD SEP 12, 2023
$1,125,000
F
Sold Price
3 Beds
2.5 Baths
2,100 Sq. Ft.
21 E Huron St #1603, Chicago, IL 60611
$470/sq ft
10 years older
21 E Huron St #1603, Chicago, IL 60611

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Rental Estimate for 118 E Erie St Ph 2

$12,521 / mo

Property details for 118 E Erie St Ph 2

Parking

Parking Information

# Of Cars: 1

# of Garage Spaces: 1

Parking: Garage
Garage Ownership: Deeded Sold Separately
Garage On-Site: Yes
Garage Type: Attached
Deeded Garage Cost: $75,000

Interior

Bathroom Information

# of Baths (Full): 3

# of Baths (1/2): 1

Bedroom Information

# of Bedrooms: 4

# of Bedrooms Possible: 4

Room Information

Room Type: Bedroom 2

Level: Main

Dimensions:

Room Information

Room Type: Bedroom 3

Level: Main

Dimensions:

Room Information

Room Type: Bedroom 4

Level: Main

Dimensions:

Room Information

Room Type: Dining Room

Level: Main

Dimensions: COMBO

Room Information

Room Type: Kitchen

Level: Main

Dimensions:

Room Information

Room Type: Living Room

Level: Main

Dimensions:

Room Information

Room Type: Master Bedroom

Level: Main

Dimensions:

Additional Rooms Information

Basement Description: None

Interior Features

Interior Features: Laundry Hook-Up in Unit, Storage

# of Rooms: 7

Exterior

Building Information

# Of Units in Building: 89

Living Area Source: Builder

Exterior Building Type: Concrete
Age: 6-10 Years
Built Before 1978 (Y/N): No

Property Information

Ownership: Condo

Rebuilt (Y/N): No

Rehab (Y/N): No
Parcel Number: 17101090211089

Lot Information

Dimensions: COMMON

Financial

Tax Information

Tax Year: 2016

Financial Information

Finance Code: Cash

Special Service Area: N

Utilities

Utility Information

Water Source: Lake Michigan, Public

Sewer: Public Sewer

Electric: Circuit Breakers, 200+ Amp Service

Heating & Cooling

Heating: Forced Air, Steam

Cooling: Central Air

Location

Community Information

Management: Manager On-site

Pets Allowed (Y/N): Yes

Pets Allowed: Cats OK, Dogs OK
Max Pet Weight: 0

Homeowners Association Information

Association Fee: $10,965

Association Fee Frequency: Monthly

Association Fee Includes: Heat, Air Conditioning, Water, Insurance, Doorman, TV/Cable, Exercise Facilities, Exterior Maintenance, Scavenger, Snow Removal
Association Amenities: Door Person, Elevator(s), Storage, On Site Manager/Engineer, Party Room, Receiving Room, Service Elevator(s), Steam Room, Valet/Cleaner

School Information

Elementary School District: 299

Middle Or Junior School District: 299

High School District: 299

Location Information

Unit Floor Level: 39

Township: NORTH CHICAGO

Corporate Limits: CHICAGO
Directions: MICHIGAN AVENUE AT ERIE STREET

Other

Listing Information

Buyer Agency Compensation: 2.5%-$325

BuyerAgencyCompensationType: Net Sale Price

Holds Earnest Money: Yes
Possession: Closing

Property information provided by MRED when last listed in 2018. This data may not match . Learn more.

Sale and tax history for 118 E Erie St Ph 2

Sale History
Tax History

Public facts and zoning for 118 E Erie St Ph 2

Beds

—

Baths

—

Sq. Ft.

—

Stories

—

Lot Size

—

Style

Condo/Co-op

Year Built

—

Year Renovated

—

County

Cook County

APN

—

Home facts updated by county records on Feb 22, 2017.

Zoning

DX-16 | Permitted: Single-Family, Two-Family, Multi-Family, Short-Term Rentals, Commercial, Industrial

Sale proceeds

Home sale price

Outstanding mortgage

Selling with traditional agentSelling with Redfin agent

+$66,377

Your total sale proceeds$552,402$618,780

Seller agent commission2.5% ($165,944)1.5% ($99,566)

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Schools

This home is within the City of Chicago School District 299.

Showing nearby schools. Please check the school district website to see all schools serving this home.

GreatSchools Summary Rating

3/10

Ogden Elementary School

Public, PreK-8 • Serves this home • 0.5mi

1/10

Wells Community Academy High School

Public, 9-12 • Serves this home • 2.2mi

School data is provided by GreatSchools, a nonprofit organization. Redfin recommends buyers and renters use GreatSchools information and ratings as a first step, and conduct their own investigation to determine their desired schools or school districts, including by contacting and visiting the schools themselves. Redfin does not endorse or guarantee this information. School service boundaries are intended to be used as a reference only; they may change and are not guaranteed to be accurate. To verify school enrollment eligibility, contact the school district directly.

Around this home

Transportation near 118 E Erie St Ph 2

100/100

Walker's paradise

Walk Score®

96/100

Rider's paradise

Transit Score®

83/100

Very bikeable

Bike Score®

Climate risks

About climate risks

Most homes have some risk of natural disasters, and may be impacted by climate change due to rising temperatures and sea levels.

Risk Factor

Flood Factor - Major

68% chance of flooding in next 30 years

Fire Factor

We’re working on getting current and accurate fire risk information for this home.

Heat Factor - Minor

6 days above 100° expected this year, 12 days in 30 years

Wind Factor - Minor

2% chance of strong winds in next 30 years

Provided by First Street Foundation

Real estate market insights for 118 E Erie St Ph 2

Condo sales (last 30 days)

Central ChicagoNeighborhood
$469K
Median list price
79
Median days on mkt.
1913
# listed homes
$347
Median $ / sq. ft.
98.4%
Median sale-to-list
410
# sold homes
Downtown ChicagoNeighborhood
$475K
Median list price
82
Median days on mkt.
1800
# listed homes
$346
Median $ / sq. ft.
98.4%
Median sale-to-list
377
# sold homes
Near North SideNeighborhood
$500K
Median list price
87
Median days on mkt.
1270
# listed homes
$364
Median $ / sq. ft.
97.9%
Median sale-to-list
239
# sold homes
Magnificent MileNeighborhood
~$1M
Median list price
139
Median days on mkt.
85
# listed homes
$450
Median $ / sq. ft.
93.8%
Median sale-to-list
8
# sold homes
60611ZIP
$599K
Median list price
108
Median days on mkt.
701
# listed homes
$371
Median $ / sq. ft.
96.3%
Median sale-to-list
107
# sold homes
ChicagoCity
$380K
Median list price
57
Median days on mkt.
3949
# listed homes
$306
Median $ / sq. ft.
99.4%
Median sale-to-list
1248
# sold homes
Cook CountyCounty
$310K
Median list price
51
Median days on mkt.
4997
# listed homes
$240
Median $ / sq. ft.
99.7%
Median sale-to-list
1903
# sold homes

Market competition in Central Chicago

Calculated over the last 3 months

Somewhat Competitive

Redfin Compete Score™

100

Some homes get multiple offers.
The average homes sell for about 1% below list price and go pending in around 65 days.
Hot homes can sell for about 2% above list price and go pending in around 38 days.

Compare to nearby neighborhoods

Lincoln Park is somewhat competitive

Some homes get multiple offers.
The average homes sell for about 1% below list price and go pending in around 54 days.
Hot homes can sell for about 2% above list price and go pending in around 33 days.

Lake View is somewhat competitive

Some homes get multiple offers.
The average homes sell for around list price and go pending in around 49 days.
Hot homes can sell for about 3% above list price and go pending in around 31 days.

What it takes to win an offer near Central Chicago

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Track this home's value and nearby sales activity

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Estimated sale price

$6.31M – $7.50M

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Nearby similar homes

Homes similar to 118 E Erie St Ph 2 are listed between $35K to $4M at an average of $510 per square foot.

$35,000

—Beds

—Baths

—Sq. Ft.

2 E Erie St Unit G-634, Chicago, IL 60611

1 / 30

$1,850,000

3 Beds

2.5 Baths

2,750 Sq. Ft.

118 E Erie St Unit 34E, Chicago, IL 60611

1 / 29

NEW CONSTRUCTION

$2,100,000

2 Beds

2 Baths

2,207 Sq. Ft.

14 W Superior St #5302, Chicago, IL 60654

1 / 32

3D WALKTHROUGH

$515,000

2 Beds

2 Baths

1,250 Sq. Ft.

30 E Huron St #5509, Chicago, IL 60611

1 / 13

$500,000

2 Beds

2 Baths

1,365 Sq. Ft.

100 E Huron St #1206, Chicago, IL 60611

1 / 22

$584,000

2 Beds

2 Baths

1,365 Sq. Ft.

100 E Huron St #1402, Chicago, IL 60611

Nearby recently sold homes

Nearby homes similar to 118 E Erie St Ph 2 have recently sold between $285K to $840K at an average of $350 per square foot.

1 / 35

BOUGHT WITH REDFIN JUL 17, 2023

$840,000 Last Sold Price

2 Beds

2 Baths

1,538 Sq. Ft.

118 E Erie St Unit 14B, Chicago, IL 60611

Redfin Corporation

118 E Erie St Unit 14B, Chicago, IL 60611

1 / 18

SOLD MAY 4, 2023

$285,000 Last Sold Price

1 Bed

1.5 Baths

1,026 Sq. Ft.

100 E Huron St #2707, Chicago, IL 60611

1 / 23

SOLD JUL 27, 2023

$375,000 Last Sold Price

1 Bed

1.5 Baths

1,129 Sq. Ft.

100 E Huron St #3302, Chicago, IL 60611

Home values near 118 E Erie St Ph 2

Data from public records.

Address	Redfin Estimate
118 East Erie St Apartment 16D, Chicago, IL 1 Beds \| 1.5 Baths \| 1423 Sq. Ft.	$720,755
118 East Erie St Apartment 34E, Chicago, IL - Beds \| - Baths \| - Sq. Ft.	$2,032,450
118 East Erie St Apartment 23A, Chicago, IL 3 Beds \| 2.5 Baths \| 2440 Sq. Ft.	$1,586,856
118 East Erie St Apartment 18A, CHICAGO, IL 3 Beds \| 2.5 Baths \| 2440 Sq. Ft.	$1,576,237
118 East Erie St Apartment 35E, Chicago, IL 2 Beds \| 2.5 Baths \| 2461 Sq. Ft.	$2,615,429
118 East Erie St Apartment 301A, Chicago, IL - Beds \| - Baths \| - Sq. Ft.	—
118 East Erie St Apartment 704, Chicago, IL - Beds \| - Baths \| - Sq. Ft.	$536,980

Address	Redfin Estimate
118 East Erie St Apartment 32E, CHICAGO, IL 2 Beds \| 2.5 Baths \| 2461 Sq. Ft.	$1,996,969
118 East Erie St Apartment 28E, Chicago, IL - Beds \| - Baths \| - Sq. Ft.	$1,986,486
118 East Erie St Apartment 23B, CHICAGO, IL 2 Beds \| 2 Baths \| 1505 Sq. Ft.	$927,345
118 East Erie St Apartment 31G, CHICAGO, IL 3 Beds \| 2.5 Baths \| 2874 Sq. Ft.	$1,634,000
118 East Erie St Apartment 510, Chicago, IL - Beds \| - Baths \| - Sq. Ft.	$364,071
118 East Erie St Apartment 613, Chicago, IL - Beds \| - Baths \| - Sq. Ft.	$392,031
118 East Erie St Apartment 717A, Chicago, IL - Beds \| - Baths \| - Sq. Ft.	$576,548

Address	Redfin Estimate
118 East Erie St Apartment 14, Chicago, IL - Beds \| - Baths \| - Sq. Ft.	$1,813,662
118 East Erie St Apartment 33F, Chicago, IL 2 Beds \| 2.5 Baths \| 1670 Sq. Ft.	$876,008
118 East Erie St Apartment 25C, CHICAGO, IL 2 Beds \| 2.5 Baths \| 1912 Sq. Ft.	$1,313,942
118 East Erie St Apartment 36E, Chicago, IL 2 Beds \| 2.5 Baths \| 2461 Sq. Ft.	$2,309,442
118 East Erie St Apartment 514, Chicago, IL - Beds \| - Baths \| - Sq. Ft.	$398,480
118 East Erie St Apartment 305A, Chicago, IL - Beds \| - Baths \| - Sq. Ft.	$387,692
118 East Erie St Apartment 902, Chicago, IL - Beds \| - Baths \| - Sq. Ft.	$603,639

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