240 E Illinois Street # 2505
Chicago, IL, 60611 $ 699,000
Bedrooms2 Baths2.0 Monthly Estimate*
$ 4,304
for $699,000 with 2 bedrooms and 2 full baths. This condo was built in 2007.
All south-facing two-bedroom plus den, two-bath residence at The Fairbanks. This well-maintained condo offers an ideal Streeterville location within a full-amenity building. The spacious living and dining area is flooded with natural light through floor-to-ceiling windows, creating a bright and inviting atmosphere perfect for relaxing or entertaining, with ample room for a full living room setup and dedicated dining area. The large kitchen features full-height upper cabinets, stone countertops with a breakfast bar and seating for bar stools, a suite of stainless-steel appliances, and plenty of space for preparing your favorite meals. The split-bedroom floor plan provides both privacy and functionality. The primary suite is situated on one side of the home and showcases a wall of windows, professionally built-out double closets, and a connected stone bath with double sinks, linen storage, and a 60" walk-in shower with body sprays, and glass doors. On the opposite side, the second bedroom features a wall of windows and a fully built-out closet system. The den is perfect for a work-from-home setup or flexible living space, complete with a closet and a built-in desk with file drawers and shelving. Hardwood floors throughout enhance the home's overall aesthetic. Enjoy a private south-facing balcony-perfect for grilling or relaxing on warm summer evenings. A full-size stackable washer and dryer add everyday convenience. This professionally managed, full-amenity building offers 24-hour door staff, an exercise room, outdoor pool, sundeck, landscaped park area with grilling stations, entertainment suite, conference room, theater room, dog run, and an on-site package room with dry cleaning services. Conveniently located just steps from Whole Foods, Target, Walgreens, a wide variety of dining options, and just blocks from the Northwestern Medical Campus. Deeded parking available for an additional $40,000.
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Condo ActiveCondo,High Rise (7+ Stories)
FeaturesGeneralLiving Area 0
Sewer Public Sewer
Heating Natural Gas Forced Air
Cooling Central Air
Possession Closing
Roof Asphalt
Appliances Range Dishwasher Refrigerator Washer Dryer Disposal Stainless Steel Appliance(s) Microwave
HOA Fee 1152
Garage Spaces 1
Association Fee Includes Heat Air Conditioning Water Gas Insurance Doorman TV/Cable Clubhouse Pool Exterior Maintenance Lawn Care Scavenger Snow Removal Internet
Construction Materials Glass Stone
Pets Allowed Cats OK Dogs OK Number Limit
Year Built 2007
Township North Chicago
Unit Number 2505
Tax Year 2024
Ownership Condo
Assoc Fee Paid Per Monthly
County Cook
New Construction N
Property Type Residential Attached Single
Association Amenities Door Person Elevator(s) Exercise Room Party Room Pool Sauna
Total Rooms 6
Full Baths 2
Status New
Directions 2 BLOCKS EAST OF MICHIGAN AVE ON UPPER ILLINOIS
City Chicago
High School District 299
MLS Area CHI - Near North Side
Tax Annual Amount 11267.85
Additional Parcels Y/N N
Standard Status Active
Middle/Junior School District 299
Elementary School District 299
Sub Type Condo High Rise (7+ Stories)
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InteriorBasement None
Flooring Hardwood
Total Stories 31
Half Baths 0
Laundry Features Main Level Washer Hookup Gas Dryer Hookup In Unit Laundry Closet
Total Bedrooms 2
Room Type Den Balcony/Porch/Lanai Walk In Closet
Total Baths 2
Bedrooms Possible 2
Bathroom Separate Shower Double Sink
Total Number of Units 281
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ExteriorExterior Amenities Balcony Roof Deck Dog Run
Parking Features Heated Garage Yes Deeded Attached Garage
Lot Features Common Grounds
Water Source Lake Michigan
Total Parking 1
Foundation Details Reinforced Caisson
Lot Dimensions COMMON
Waterfront Y/N N
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* Excluded FeaturesList ByBerkshire Hathaway Homeservices ChicagoBroker
mmaier@bhhschicago.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $4,304
- Monthly Property Taxes
- $939
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCondo listings in Chicago, IL
Average List Price $622,513
Percent of Sale Price 11%
About Chicago, IL 2,755,380 Population
-4% Since 2002
$ 53,088 Median Income
36.07 Median Age
25% Households with Children
Trends Information provided by ATTOM Data Solutions.
566059 Elementary School
566846 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 4/20/2026 | $699,000 | | Listed Price |