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$700,000
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Property Description
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
Full Property Details for 240 E Illinois St #2505
General
- Sold For: $700,000
- HOA FEE: $1,152/month
- Taxes: $11,267 (2024)
- Status: Closed
- Type: Condo
- Source: MRED
- MLS ID: 12665039
- Added to Site: 98 day(s) ago
Interior
- 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, Full Body Spray Shower
Bedrooms
- Total Bedrooms: 2
Additional Information
- Shared Amenities: Door Person, Elevator in Residence, 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
- Driving Directions: 2 BLOCKS EAST OF MICHIGAN AVE ON UPPER ILLINOIS
School Information
- School District: 299
- Midd 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
- 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
- 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
- Square Feet: 1,310
- Sq. Ft. Source: Builder
- Year Built: 2007
Unit Information
- Units in Building: 281
Lot Features
- Lot Dimensions: COMMON
- Lot Features: Common Grounds
Financial Considerations
- Association Fee: $1,152
- Assoc Fee Freq.: Monthly
- Parking Included: Yes
- Assessment Year: 2007
- Tax Amount: $11,267.85
- Tax Year: 2024
Disclosures and Reports
- Ownership: Condo
- Special Conditions: List Broker Must Accompany
- Property ID: 17102120401175
Listed and Sold by Berkshire Hathaway HomeServices Chicago
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Schools
Schools serving 240 E Illinois St #2505
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Ogden Elementary School 24 West Walton Street, Chicago, IL 60610 | K-8 | 0.8 mi |
Wells Community Academy High School 936 North Ashland Avenue, Chicago, IL 60622 | 9-11 | 2.5 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
Date
Details
Price
Change
Source
8/20/2026
Sold
$700,000
0.72%
MLS
6/04/2026
Listed
$695,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
240 E Illinois Street #2505, Chicago, IL 60611 (MLS# 12665039) is a Condo property that was sold at $700,000 on August 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.

