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$505,000
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Property Description
A spacious and sun-filled top-floor 2-bedroom, 2-bath condo in the heart of Chicago's coveted West Loop. This is a rare investment opportunity with a strong existing tenant lease already in place at $3,500/month until May 31, 2026. Property Highlights * Top-floor unit with excellent natural light and quiet privacy * 2 spacious bedrooms & 2 full bathrooms * Modern open-concept kitchen & living area * In-unit washer & dryer * Pet-friendly building * Low-maintenance investment with stable income Location Perks - Heart of West Loop Live or invest in one of Chicago's most vibrant and desirable neighborhoods. This unit is: * Steps from renowned restaurants, trendy cafes, and boutique shopping on Randolph St. & Madison St. * Walking distance to Skinner West Elementary, Whitney Young Magnet High School, and top-tier private schools * Easy access to public transit, parks, and expressways * Minutes from Fulton Market, Google HQ, and downtown Chicago This property is ideal for investors looking for stable returns in a high-demand area, or future owner-occupants who want to secure a premium unit while collecting income. Don't miss this exceptional opportunity in one of Chicago's most dynamic and upscale communities.
Full Property Details
Full Property Details for 1228 W Monroe St #504
General
- Sold For: $505,000
- HOA FEE: $389/month
- Taxes: $8,650 (2024)
- Status: Closed
- Type: Condo
- Source: MRED
- MLS ID: 12539421
- Added to Site: 200 day(s) ago
Interior
- Appliances: Range, Microwave, Dishwasher, Refrigerator, Freezer, Washer, Dryer, Disposal, Stainless Steel Appliance(s), Humidifier
- Flooring: Hardwood
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
- Bathroom Features: Double Sink
Bedrooms
- Total Bedrooms: 2
Additional Information
- Shared Amenities: Elevator in Residence, Security Door Lock(s)
- Equipment: Intercom
Exterior
- Exterior Features: Balcony
Parking
- Garage: Yes
- Attached garage: Yes
- Garage Spaces: 1
- Total Spaces: 1
- Parking Features: Garage Door Opener, Heated Garage, Yes, Garage Owned, Attached, Garage
Location
- Area: CHI - Near West Side
- County: Cook
- Driving Directions: Monroe, west of Racine, to the address
School Information
- School District: 299
- Midd School District: 299
- Elementary School: Skinner Elementary School
- Middle School: Skinner Elementary School
- High School: Wells Community Academy Senior H
- Private School: Wells Community Academy Senior H
Community
- Assoc. Fees Include: Water, Insurance, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal
- Pets Allowed: Yes
- Pet Restrictions: Cats OK, Deposit Required, Dogs OK, Number Limit, / 999lbs.
- Mgmt. Company: Westward Management Group
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Natural Gas
Utilities
- Water: Lake Michigan
Structural Information
- Structure Type: Condo
- Construction: Brick
- Exterior Const.: Brick
- Basement Desc.: None
- Sub-Flooring: Hardwood
- Entry Floor Number: 5
- Stories/Levels: 5
- Square Feet: 1,038
- Sq. Ft. Source: Other
- Year Built: 2006
Unit Information
- Units in Building: 34
Lot Features
- Lot Dimensions: COMMON
Financial Considerations
- Association Fee: $389
- Assoc Fee Freq.: Monthly
- Parking Included: Yes
- Assessment Year: 2006
- Tax Amount: $8,650.62
- Tax Year: 2024
Disclosures and Reports
- Ownership: Condo
- Special Conditions: List Broker Must Accompany
- Property ID: 17171050731030
Listed by Youmu Ventures Llc
Sold by Royal Family Real Estate
Get Pre-Approved Today
Schools
Schools serving 1228 W Monroe St #504
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Skinner Elementary School 111 South Throop Street, Chicago, IL 60607 | PK-5 | 0.1 mi |
Brown W Elementary School 54 North Hermitage Avenue, Chicago, IL 60612 | K-5 | 0.7 mi |
Wells Community Academy High School 936 North Ashland Avenue, Chicago, IL 60622 | 9-11 | 1.4 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1228 W Monroe St #504
Date
Details
Price
Change
Source
6/30/2026
Sold
$505,000
5.21%
MLS
1/02/2026
Listed
$480,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1228 W Monroe Street #504, Chicago, IL 60607 (MLS# 12539421) is a Condo property that was sold at $505,000 on June 30, 2026. Want to learn more about 1228 W Monroe Street #504? Do you have questions about finding other Condo real estate for sale in Near West Side? You can browse all Near West Side real estate or contact a Coldwell Banker agent to request more information.

