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$499,000 Just Listed

  • For Sale
  • Active
  • Condo
  • 1 Bed
  • 1 Full Bath
  • 1 Partial Bath
  • 1,020 Sq. Ft.
  • 1 Car Garage
  • Updated 9 hours ago
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Spacious South-Facing One Bedroom + Den at The Fairbanks, this beautifully maintained south-facing one bedroom plus den offers over 1,020 square feet of light-filled living space and stunning skyline views. Floor-to-ceiling windows, 9-foot ceilings, and rich hardwood floors create an open and airy feel throughout. The expansive living and dining area is perfect for both relaxing and entertaining, seamlessly flowing into the open kitchen featuring a breakfast bar and ample cabinetry. The generous primary suite boasts a wall of windows, space for a full king-sized bedroom set, and a luxurious stone bath complete with dual vanities, a soaking tub, separate shower, and double closets. The versatile den is ideal for a home office, guest space, or reading nook. A powder room and in-unit washer and dryer add everyday convenience. The Fairbanks is a full-amenity, professionally managed building offering 24-hour door staff, a fitness center with cardio and weight rooms, sauna, outdoor pool with sundeck and grilling stations, and an entertainment room. Unbeatable location with elevator access to Whole Foods, steps to Michigan Avenue, two blocks to the lakefront, and just blocks from Northwestern Medical Campus. Deeded parking Additional $40K Tenant occupied until May 31,2026

Full Property Details for 240 E Illinois St #1509

General

  • Price: $499,000
  • HOA FEE: $909/month
  • Taxes: $9,270 (2024)
  • Status: Active
  • Type: Condo
  • Source: MRED
  • MLS ID: 12565105
  • Updated: 2/18/2026
  • Added to Site: 6 day(s) ago

Interior

  • Basement: None
  • Interior Features: Storage, High Ceilings
  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Freezer, Disposal
  • Flooring: Laminate

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Bathroom Features: Double Sink, Soaking Tub

Bedrooms

  • Total Bedrooms: 1

Additional Information

  • Shared Amenities: Bike Room/Bike Trails, Door Person, Elevator(s), Exercise Room, Storage, On-Site Manager/Engineer, Park, Party Room, Sundeck, Pool, Receiving Room, Sauna, Service Elevator(s), Valet/Cleaner
  • Equipment: Fire Sprinklers, Carbon Monoxide Detectors

Exterior

  • Exterior Features: Balcony

Parking

  • Garage: Yes
  • Attached garage: Yes
  • Garage Spaces: 1
  • Total Spaces: 1
  • Parking Features: Garage Door Opener, Yes, Deeded, Attached, Garage

Location

  • Area: CHI - Near North Side
  • County: Cook
  • Township: North Chicago
  • Driving Directions: 2 BLOCKS EAST OF MICHIGAN AVE ON UPPER ILLINOIS

School Information

  • School District: 299
  • Elem School District: 299
  • Midd School District: 299
  • High School District: 299

Community

  • Assoc. Fees Include: Heat, Air Conditioning, Water, Gas, Insurance, Doorman, TV/Cable, Exercise Facilities, Pool, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal, Other, Internet
  • Pets Allowed: Yes
  • Pets: Cats OK, Dogs OK
  • Pet Restrictions: Cats OK, Dogs OK, / 999lbs.
  • Mgmt. Company: First Service Residential

Heating & Cooling

  • Cooling Type: Central Air Conditioning
  • Heating Type: Forced Air

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Structure Type: Condo
  • Construction: Stone
  • Exterior Const.: Stone
  • Basement Desc.: None
  • Foundation: Reinforced Caisson
  • Roof: Other
  • Sub-Flooring: Laminate
  • Entry Floor Number: 15
  • Stories/Levels: 31
  • Square Feet: 1,020
  • Sq. Ft. Source: Estimated
  • Year Built: 2007

Unit Information

  • Units in Building: 281

Lot Features

  • Lot Dimensions: COMMON
  • Lot Features: Common Grounds

Animals

  • Animals Allowed: Cats OK, Dogs OK

Financial Considerations

  • Association Fee: $909
  • Assoc Fee Freq.: Monthly
  • Deeded Garage Cost: $40,000
  • Assessment Year: 2007
  • Tax Amount: $9,270.85
  • Tax Year: 2024
  • Pays Sewer: Public Sewer

Disclosures and Reports

  • Ownership: Condo
  • Special Conditions: List Broker Must Accompany
  • Property ID: 17102120401063

Listed by Berkshire Hathaway HomeServices Chicago

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Listing agent

— 240 E Illinois St #1509 —

  • Berkshire Hathaway HomeServices Chicago

mmaier@bhhschicago.com

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NMLS#: 1598647

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Be ready to buy your new home!

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Schools serving 240 E Illinois St #1509

School District:Chicago Public School District 299
NameGradesDistance
Ogden Elementary School
24 West Walton Street, Chicago, IL 60610
K-80.7 mi
Wells Community Academy High School
936 North Ashland Avenue, Chicago, IL 60622
9-112.5 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 240 E Illinois St #1509 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
2/12/2026
Listed
$499,000
8.48%
MLS
10/24/2007
Sold
$460,000
—
Public Record
Get Price Alerts and Save Property
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 for 240 E Illinois St #1509

Year
Property Taxes
Change
Tax Assessment
Change
2023
$9,525
3%
$45,142
—
2022
$9,285
2%
$45,142
—
2021
$9,078
-10%
$45,142
—
2020
$10,054
2%
$45,132
-8%
2019
$9,844
2%
$48,998
—
2018
$9,679
7%
$48,998
16%
2017
$9,088
7%
$42,218
—
2016
$8,456
9%
$42,218
—
2015
$7,736
27%
$42,218
28%
2014
$6,099
2%
$32,871
—
2013
$5,978
1%
$32,871
—
2012
$5,899
—
$32,871
—
View All
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 for 240 E Illinois St #1509

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Listed by Berkshire Hathaway HomeServices Chicago

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240 E Illinois St  #2702  Chicago, IL 60611

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240 E Illinois Street #1509, Chicago, IL 60611 (MLS# 12565105) is a Condo property with 1 bedroom, 1 full bathroom and 1 partial bathroom. 240 E Illinois Street #1509 is currently listed for $499,000 and was received on February 12, 2026. Want to learn more about 240 E Illinois Street #1509? Do you have questions about finding other Condo real estate for sale in Near North Side? You can browse all Near North Side real estate or contact a Coldwell Banker agent to request more information.

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