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$699,000 Just Listed

  • For Sale
  • Active
  • Condo
  • 2 Beds
  • 2 Full Baths
  • 1 Car Garage
  • Updated 9 hours ago
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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.

Full Property Details for 240 E Illinois St #2505

General

  • Price: $699,000
  • HOA FEE: $1,152/month
  • Taxes: $11,267 (2024)
  • Status: Active
  • Type: Condo
  • Source: MRED
  • MLS ID: 12620713
  • Updated: 4/20/2026
  • Added to Site: 1 day(s) ago

Interior

  • Basement: None
  • Appliances: Range, Dishwasher, Refrigerator, Washer, Dryer, Disposal, Stainless Steel Appliance(s), Microwave
  • Flooring: Hardwood

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Bathroom Features: Separate Shower, Double Sink

Bedrooms

  • Total Bedrooms: 2

Additional Information

  • Shared Amenities: Door Person, Elevator(s), Exercise Room, Party Room, Pool, Sauna

Exterior

  • Exterior Features: Balcony, Roof Deck, Dog Run

Parking

  • Garage: Yes
  • Attached garage: Yes
  • Garage Spaces: 1
  • Total Spaces: 1
  • Parking Features: Heated Garage, 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, Clubhouse, Pool, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal, Internet
  • Pets Allowed: Yes
  • Pets: Cats OK, Dogs OK, Number Limit
  • Pet Restrictions: Cats OK, Dogs OK, Number Limit, / 999lbs.
  • Mgmt. Company: First Service Residential

Heating & Cooling

  • Cooling Type: Central Air Conditioning
  • Heating Type: Natural Gas, Forced Air

Utilities

  • Sewer: Public Sewer
  • Water: Lake Michigan

Structural Information

  • Structure Type: Condo, High-Rise (7 or More Stories)
  • Construction: Glass, Stone
  • Exterior Const.: Glass, Stone
  • Basement Desc.: None
  • Foundation: Reinforced Caisson
  • Roof: Asphalt
  • Sub-Flooring: Hardwood
  • Entry Floor Number: 25
  • Stories/Levels: 31
  • Sq. Ft. Source: Not Reported
  • 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, Number Limit

Financial Considerations

  • Association Fee: $1,152
  • Assoc Fee Freq.: Monthly
  • Deeded Garage Cost: $40,000
  • Assessment Year: 2007
  • Tax Amount: $11,267.85
  • Tax Year: 2024
  • Pays Sewer: Public Sewer

Disclosures and Reports

  • Ownership: Condo
  • Special Conditions: List Broker Must Accompany
  • Property ID: 17102120401175

Listed by Berkshire Hathaway HomeServices Chicago

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Listing agent

— 240 E Illinois St #2505 —

  • Berkshire Hathaway HomeServices Chicago

mmaier@bhhschicago.com

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Schools serving 240 E Illinois St #2505

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 ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 240 E Illinois St #2505 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
4/20/2026
Listed
$699,000
-89.92%
MLS
12/23/2013
Sold
$6,933,000
—
Public Record
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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Berkshire Hathaway HomeServices Chicago

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240 E Illinois Street #2505, Chicago, IL 60611 (MLS# 12620713) is a Condo property with 2 bedrooms and 2 full bathrooms. 240 E Illinois Street #2505 is currently listed for $699,000 and was received on April 20, 2026. Want to learn more about 240 E Illinois Street #2505? 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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