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$525,000 Contingent
Property Description
Welcome home to this 2-bedroom, 2-bath condo in the highly sought-after Dearborn Park II community. Freshly painted throughout with newly refinished hardwood floors, this move-in-ready home offers the perfect blend of comfort and convenience. The bright and spacious living room features a gas fireplace and large bay windows that fill the space with natural light. The open kitchen offers stainless steel appliances, granite countertops, and ample cabinet space, while the separate dining area is perfect for everyday living and entertaining.The primary suite includes a private bath and direct access to a covered Trex balcony. A generously sized second bedroom, full guest bath, and laundry room with washer and dryer complete the home. You'll also appreciate the exceptional storage space extending beneath the entire living area. An attached one-car garage and additional tandem exterior parking space provide the convenience that's hard to find in the city. Ideally located in the heart of the South Loop, Dearborn Park II allows you to enjoy a peaceful residential setting while being just steps from everything that makes the South Loop such a sought-after neighborhood. Surrounded by Grant Park, Museum Campus, the lakefront, restaurants, shopping, and countless neighborhood amenities, you'll love having some of Chicago's best attractions right outside your door while still feeling at home in a true neighborhood community.
Full Property Details
Full Property Details for 1338 S Federal St #B
General
- Price: $525,000
- HOA FEE: $607/month
- Taxes: $9,485 (2024)
- Status: Contingent
- Type: Condo
- Source: MRED
- MLS ID: 12682246
- Updated: 7/6/2026
- Added to Site: 6 day(s) ago
Interior
- Basement: None
- Fireplace: Yes
- Number of Fireplaces: 1
- Fireplace(s): Living Room, Gas Starter
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 2
Parking
- Garage: Yes
- Attached garage: Yes
- Garage Spaces: 1
- Total Spaces: 2
- Parking Features: Tandem, Yes, Garage Owned, Attached, Driveway, Garage
Location
- Area: CHI - Near South Side
- County: Cook
- Township: South Chicago
- Subdivision: Dearborn Park II
- Driving Directions: STATE TO 14TH -WEST TO FEDERAL- NORTH TO UNIT. UP STEPS TO ADDRESS.
School Information
- School District: 299
- Elem School District: 299
- Midd School District: 299
- High School District: 299
Community
- Assoc. Fees Include: Insurance, TV/Cable, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal, Internet
- Pets Allowed: Yes
- Pets: Cats OK, Dogs OK
- Pet Restrictions: Cats OK, Dogs OK
- Mgmt. Company: Hales Property Management
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Lake Michigan
Structural Information
- Structure Type: Condo
- Construction: Brick
- Exterior Const.: Brick
- Basement Desc.: None
- Foundation: Concrete Perimeter
- Roof: Asphalt
- Entry Floor Number: 1
- Stories/Levels: 2
- Square Feet: 1,200
- Sq. Ft. Source: Estimated
- Year Built: 1990
Unit Information
- Units in Building: 32
Lot Features
- Lot Dimensions: COMMON
Animals
- Animals Allowed: Cats OK, Dogs OK
Financial Considerations
- Association Fee: $607
- Assoc Fee Freq.: Monthly
- Parking Included: Yes
- Assessment Year: 1990
- Tax Amount: $9,485.16
- Tax Year: 2024
- Pays Sewer: Public Sewer
Disclosures and Reports
- Ownership: Condo
- Property ID: 17212112051018
Listed by Coldwell Banker Real Estate Group
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Schools
Schools serving 1338 S Federal St #B
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
South Loop Elementary School 1212 South Plymouth Court, Chicago, IL 60605 | PK-8 | 0.1 mi |
Phillips Academy High School 244 East Pershing Road, Chicago, IL 60653 | 12-11 | 2.8 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 1338 S Federal St #B
Date
Details
Price
Change
Source
7/01/2026
Listed
$525,000
43.84%
MLS
12/09/2010
Sold
$365,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1338 S Federal St #B
Year
Property Taxes
Change
Tax Assessment
Change
2023
$9,737
—
$47,039
2%
2023
$9,737
3%
$45,999
—
2022
$9,491
2%
$45,999
—
2021
$9,278
1%
$45,999
11%
2020
$9,210
2%
$41,343
-8%
2019
$9,044
2%
$45,016
—
2018
$8,892
20%
$45,016
31%
2017
$7,420
7%
$34,468
—
2016
$6,904
9%
$34,468
—
2015
$6,316
3%
$34,468
4%
2014
$6,124
2%
$33,005
—
2013
$6,003
1%
$33,005
—
2012
$5,923
—
$33,005
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1338 S Federal St #B
1338 S Federal Street #B, Chicago, IL 60605 (MLS# 12682246) is a Condo property with 2 bedrooms and 2 full bathrooms. 1338 S Federal Street #B is currently listed for $525,000 and was received on July 01, 2026. Want to learn more about 1338 S Federal Street #B? Do you have questions about finding other Condo real estate for sale in Near South Side? You can browse all Near South Side real estate or contact a Coldwell Banker agent to request more information.
