Check Availability
Chicago 60605 South Loop
1345 S Federal Street
$1,950,000
House - For Sale

1345 S Federal Street

Chicago, IL 60605
bedrooms
4 Beds
bathrooms
3.5 Baths, 1 Half Bath
square feet
4076 Sqft
$12,182
Estimated Monthly
$351
HOA / Fees
0.55%
Cap Rate

About This Property

Nestled in the dynamic South Loop of Chicago, this recently updated high-end single-family prairie style home epitomizes sophistication and modern luxury. Captivating views of the iconic Willis Tower provide a stunning backdrop to this exquisite residence. Boasting five spacious bedrooms and three and a half baths, this home offers a harmonious blend of comfort and elegance. An expansive office space and versatile flex area cater to both professional and personal needs, ensuring seamless work-life integration. Elevating the ambiance, three fireplaces add warmth and charm to various living spaces. Experience ultimate comfort with radiant flooring that envelopes the interiors in a cozy embrace, especially during the cooler months. Tech-savvy living is at its finest with the integration of a Control 4 Smart house system, allowing effortless control over various aspects of the home. An EV charging station underscores the residence's commitment to sustainability and modern convenience. Multiple outdoor spaces create a seamless transition between indoor and outdoor living, providing an idyllic setting for relaxation and entertainment. Whether you're enjoying a morning coffee on the balcony or hosting a soiree on the patio, these spaces enhance the allure of this remarkable property. With the lake, river, and major highways just minutes away, leisure and career are always within reach. This home combines the tranquility of a residential retreat with the vibrancy of urban living. This home's thoughtful design, premium amenities, and prime location converge to create an unparalleled living experience in the heart of Chicago's South Loop.

The manager has listed the unit size as 4076 square feet.
Unit Size
4,076Ft²
Days on Market
77 days
Land Size
-
Price per sqft
$478
Property Type
House
Property Taxes
$2,256
HOA Dues
$351
Year Built
1992
Listed By
Last updated: 30 days ago (MREDIL #11978993)

Price History

Date / Event Date Event Price
Feb 12, 2024 Listed by Kale Realty $1,950,000
Listed by Kale Realty
Nov 3, 2023 No longer available -
No longer available
Aug 14, 2023 Listed by Kale Realty $1,995,000
Listed by Kale Realty
Nestled in the dynamic South Loop of Chicago, this recently updated high-end single-family prairie style home epitomizes sophistication and modern luxury. Captivating views of the iconic Willis Tower provide a stunning backdrop to this exquisite residence. Boasting five spacious bedrooms and three and a half baths, this home offers a harmonious blend of comfort and elegance. An expansive office space and versatile flex area cater to both professional and personal needs, ensuring seamless…
Mar 22, 2023 No longer available -
No longer available
Mar 9, 2023 Sold $1,800,000
Sold
Show More

Property Highlights

Fireplace
Air Conditioning
Interior Details

Interior Information

Deck

Fireplace Information

Fireplace
Exterior Details

Exterior Information

Brick
EIFS
Stone

Building Info

Overview

    General

  • Year Built: 1992
  • Effective Year Built: 1992
  • Building Count: 1
  • Total Rooms: 13
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: Average
  • Building Quality: A
  • Construction Type: Masonry
  • Exterior Walls Type: Masonry
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Finished improved basement
  • Basement Area: 0
  • Garage Type: Attached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 2,651
  • Lot Size Depth Feet: 630
  • Lot Size Frontage Feet: 420
  • Total Building Area: 4,076
  • Gross Building Area: 4,076
  • Building Area: 4,076
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 4,076
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: MCLEAN RESUB OF BLK 5 IN DEARBORN PK U
  • Land Acres: 0.061
  • Standard Land Use Code: Single family residential
  • Legal Description 1: (MCLEAN) RESUB OF BLK 5 IN DEARBORN PK UNIT 2 BNG A R ESUB OF SUNDRY LTS & VACTD STS & ALYS IN PT OF THE NE SEC 21-39-14

Ownership

  • Current Owner : BT VENTURES LLC
  • Previous Owner : RAJESH PATEL REVOCABLE TRUST
  • Owner Before Previous Owner: TURNER JOHN L
  • Owner Before Previous Owner 2: TURNER SUZANNE H
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 330200

Zoning

  • Zoning: PD 169

Geography

  • Assessors Map Reference: Feb 02, 2003
  • District: 76
  • Parcel: 17-21-213-036-0000
  • Block: 5
  • Lot: 35
  • Meridian: SEC 21 TWN 39N RNG 14E
  • Municipality: SOUTH CHICAGO
  • Latitude: 41.8644
  • Longitude: -87.6292

    Address

  • Full Address: 1345 S Federal St
  • Legal Unit: 2
  • Address - House Number: 1345
  • Street Direction: S
  • Address - Street Name: Federal
  • Address - Suffix Type: St
  • State: IL
  • City Name: Chicago
  • Carrier Code: C026
  • 4-Digit Zip Code: 2716
  • Zip Code: 60605

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $27,069
  • Tax Rate Code Area: 76079

    Appraisal Valuation

  • Standard Deviation: 0.1024
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 90
  • Final Value: 1,936,560
  • High Value: 2,135,053
  • Low Value: 1,738,068

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,619,820
  • First Open Lien Mortgage Lender: CITIBANK, NA
  • First Open Lien Mortgage Recording Date: Mar 09, 2023
  • First Open Lien Mortgage Loan Amount: $1,619,820
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Mar 01, 2053

    Market Valuation

  • Market Total Value: $1,346,140
  • Market Land Value: $371,140
  • Market Improvement Value: $975,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $134,614
  • Assessed Land Value: $37,114
  • Assessed Improvements Value: $97,500

    Sales

  • Current Sale Contract Date: Feb 16, 2023
  • Current Sale Recording Date: Mar 09, 2023
  • Current Sale Transaction ID: 11903116577
  • Current Sale Price: $1,800,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 13538
  • Previous Sale Recording Date: Apr 19, 2007
  • Previous Sale Contract Date: Apr 02, 2007
  • Previous Sale Amount: $180,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: CITIBANK, NA
  • First Mortgage Transaction Date: Mar 09, 2023
  • First Mortgage Loan Amount: $1,619,820
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Mar 01, 2053

    Previous Mortgages

  • Previous Mortgage Lender: WELLS FARGO BANK NA
  • Previous Mortgage Transaction Date: Apr 19, 2007
  • Previous Mortgage Loan Amount: $90,000
  • Previous Mortgage Term: 180
  • Previous Mortgage Loan Type: Unknown (DEFAULT)
  • Previous Mortgage Loan Due Date: Apr 17, 2022

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
3 Beds
3 Baths
3,300 ft²
$544/ft²
$1,795,000 Jun 2, 2023
-
$6,300/mo
Commercial
Loft
-
9,316 ft²
$172/ft²
$1,600,000 Apr 5, 2023
-
$2,784/mo

About Central Chicago


Similar Homes for Sale

Unit for sale at 1819 South State Street, Chicago, IL 60616

$1,600,000

  • Commercial
  • 9,316 ft²
1819 South State Street, Chicago, IL 60616 Listing by Denis Ascot
Unit for sale at 233 East 13th Street, Chicago, IL 60605

$1,795,000

  • 3 Beds
  • 3 Baths
  • 3,300 ft²
233 East 13th Street #2505, Chicago, IL 60605 Listing by Tracey Vaughn

Nearby Rentals

Unit for rent at 1104 W Madison Street, Chicago, IL, 60607

$3,500 /mo

  • 2 Beds
  • 2 Baths
  • 1,000 ft²
1104 W Madison Street #2S, Chicago, IL, 60607 Listing by Kelly Parker
Unit for rent at 909 W Washington Boulevard, Chicago, IL, 60607

$3,350 /mo

  • 1 Bed
  • 1.5 Baths
909 W Washington Boulevard #505, Chicago, IL, 60607 Listing by Stephanie Pagone
Unit for rent at 233 E 13th Street, Chicago, IL, 60605

$3,400 /mo

  • 2 Beds
  • 2 Baths
  • 1,386 ft²
233 E 13th Street #1607, Chicago, IL, 60605 Listing by Shaoru He


Frequently Asked Questions

When was property at 1345 South Federal Street built and last sold?
The property at 1345 South Federal Street was built in 1992 and last sold on Feb 16, 2023 for $1,800,000.
How much is this home worth?
The estimated value of the home located at 1345 South Federal Street is $1,975,028.
What are some comparable homes to 1345 South Federal Street?
Homes that are comparable to 1345 South Federal Street include a house property at 233 East 13th Street, a commercial property at 1819 South State Street, which are both great to check out.

Quantcast