2405 W Iowa Street # 402
Chicago, IL, 60622 $ 849,900
Bedrooms3 Baths2.0 Sq 1,433 Monthly Estimate*
$ 5,366
for $849,900 with 3 bedrooms and 2 full baths. This 1,433 square foot condo was built in 2022.
Better than new and hard to recreate at this price! This stunning penthouse residence at The Iowan combines the quality of luxury 2022 new construction with tens of thousands of dollars in thoughtful upgrades already completed for you. No need to wait months for new construction! Located in West Town, this sophisticated 3-bedroom, 2-bath penthouse offers the rare combination of an elevator building, two side-by-side garage parking spaces, and an expansive private rooftop deck with sweeping treetop and skyline views. Floor-to-ceiling windows flood the home with natural light, while the open-concept floor plan is perfect for both everyday living and entertaining. The chef's kitchen is beautifully appointed with Wolf and Sub-Zero appliances, an oversized island, custom pantry cabinet, and a designer backsplash that extends seamlessly from the countertops. Throughout the home, the owners elevated nearly every space with custom California Closets featuring Elfa systems, upgraded paint finishes, designer lighting, additional recessed lighting, motorized window shades in the living room and primary suite, custom window treatments throughout, an Ecobee smart thermostat, and a convenient keyless entry system. The luxurious primary suite feels like a private retreat with dual custom closets, additional linen and storage cabinetry, heated floors, a soaker tub and a spa-inspired steam shower. Even the secondary bedrooms have been enhanced with updated lighting and custom closet systems, a built-in safe in the guest room and charming wall molding to add designer character to the nursery. Outdoor living is just as impressive. The massive private rooftop deck is already equipped with a gas line for a fire pit, and both the rooftop deck and balcony have been professionally sealed for long-term durability. Two attached garage parking spaces are included and are accessed through their own garage door - making city parking a breeze. The association offers a dedicated bike rack in the garage for added convenience. The building itself has continued to improve since completion, the HOA recently updated the foyer with new flooring and fresh paint, while residents also enjoy annual exterior window washing. Perfectly situated in one of Chicago's most vibrant neighborhoods, you'll enjoy easy access to neighborhood favorites along Chicago Avenue, Division Street, and Milwaukee Avenue, including award-winning restaurants, coffee shops, breweries, boutiques, parks, and convenient public transportation. This is a rare opportunity to own a truly turnkey luxury penthouse where every detail has already been thoughtfully upgraded and offering a level of finish and functionality that's rarely found, even in brand-new construction.
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Condo ActiveCondo,Mid Rise (4-6 Stories),Penthouse
FeaturesGeneralLiving Area 1433
Sewer Public Sewer
Heating Natural Gas
Cooling Central Air
Possession Closing
Roof Rubber
Appliances Range Microwave Dishwasher High End Refrigerator Washer Dryer Disposal Stainless Steel Appliance(s) Range Hood Front Controls on Range/Cooktop Gas Cooktop Gas Oven Humidifier
HOA Fee 409
Garage Spaces 2
Association Fee Includes Water Insurance Security Exterior Maintenance Scavenger Snow Removal
Construction Materials Brick Glass
Pets Allowed Cats OK Dogs OK
Year Built 2022
Township West Chicago
Unit Number 402
Tax Year 2024
Ownership Condo
Assoc Fee Paid Per Monthly
County Cook
New Construction N
Property Type Residential Attached Single
Association Amenities Bike Room/Bike Trails Elevator in Residence Security Door Lock(s)
Total Rooms 6
Full Baths 2
Status New
Directions Corner of Iowa and Western
High School Clemente Community Academy Senio
City Chicago
High School District 299
MLS Area CHI - West Town
Elementary School Chopin Elementary School
Tax Annual Amount 15254.28
Middle/Junior High School Chopin Elementary School
Additional Parcels Y/N N
Standard Status Active
Middle/Junior School District 299
Elementary School District 299
Sub Type Condo Mid Rise (4-6 Stories) Penthouse
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InteriorInterior Amenities Walk-In Closet(s)
Basement None
Flooring Hardwood
Total Stories 4
Half Baths 0
Laundry Features Main Level Washer Hookup Gas Dryer Hookup In Unit Laundry Closet
Total Bedrooms 3
Room Type Balcony/Porch/Lanai Deck Walk In Closet
Total Baths 2
Bedrooms Possible 3
Bathroom Separate Shower Steam Shower Soaking Tub
Total Number of Units 17
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ExteriorExterior Amenities Balcony Roof Deck
Parking Features Garage Door Opener Heated Garage Garage Yes Garage Owned Attached
Water Source Lake Michigan Public
Total Parking 2
Lot Dimensions COMMON
Waterfront Y/N N
Other Equipment CO Detectors
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* Excluded FeaturesList ByBerkshire Hathaway Homeservices ChicagoBroker
tabitha@theatmteam.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $5,366
- Monthly Property Taxes
- $1,271
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% 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 $635,342
Percent of Sale Price 25%
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.
566629 Elementary School
566629 Middle School
Clemente Community Academy Senio High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 7/29/2026 | $849,900 | | Listed Price |