Chicago, IL 60654 503 N Wells Street # 2
$635,000



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Presented By: Ask Nagel
Home Details
If you want to live in the heart of River North, but don't want to live in another cookie cutter box in the sky that feels like a dorm room and don't want crazy high assessments, then you just might have found your dream home! This boutique 4 unit building in a 15 unit association offers privacy and scale. Unlike all the other high rises that feel like narrow bowling alleys, and are starved for size with low ceiling heights, this 1,650 sqft unit is extra wide at 24 feet, plus boasts 10.5 foot ceilings, so you feel size, width, and volume immediately! The 528 sqft (22x24) ultra-sunny open concept great room features 5 west facing bay windows, including a massive picture window, 10.5 foot ceilings, a distinct area for a huge 10+ person dining room table, and a cozy gas/wood fireplace. The kitchen features newer appliances, new quartz counters, new backsplash, and fantastic built in lighting and designer cabinets. Newly refinished natural bright hardwood floors throughout! The spacious primary suite features new ceiling fan, sconce lights with dimmers, and includes an enormous wall of closets. The primary bath features a new 60 inch vanity with led mirrors, new tile, a linen closet, a large Jacuzzi tub, and an oversized new glass shower. The massive 12x17 second bedroom also has new lighting, a new closet, and leads directly to a great private BRAND NEW deck with city views which overlooks a super unique community patio and garden. It really is like you have your own city oasis! Newer luxury full size Electrolux laundry included. The Assessments of $445 are extremely low, and out of the 196 two bed two bath properties that have closed in 60654 in the last 12 months, this unit had the very lowest assessment. The average assessment was $963! Spreadsheet detail in marketing materials. Even with these very low assessments, the association has $66K in reserves in this low amenity building. Garage Parking can be leased for $309 a month and is only one-quarter block away (See, last picture Blue= P). A+ River North Location which is 1/2 block to Lou Malnati's and Al's Beef, 1 block to the Merchandise Mart and El trains, 2 blocks to the Riverwalk, 2.5 blocks to Mastros Steakhouse, and 3 blocks to the East Bank Club.
Presented By: Ask Nagel
Interior Features for 503 N Wells Street # 2
Bedrooms
Bedrooms Possible2
Total Bedrooms2
Bathrooms
BathroomSeparate Shower, Soaking Tub
Half Baths
Total Baths2
Other Interior Features
LivingAreaSourceEstimated
BasementNone
Fireplace FeaturesWood Burning
FlooringHardwood
Interior AmenitiesBuilt-in Features, Walk-In Closet(s), High Ceilings, Separate Dining Room, Quartz Counters
Laundry FeaturesIn Unit, Laundry Closet
Total Fireplaces1
Total Number of Units16
Total Stories4
Other Rooms
Room TypeBalcony/Porch/Lanai
General for 503 N Wells Street # 2
Additional Parcels Y/NNo
AppliancesRange, Dishwasher, Refrigerator, Stainless Steel Appliance(s), Range Hood, Gas Cooktop, Gas Oven
Assoc Fee Paid PerMonthly
Association AmenitiesBike Room/Bike Trails, Storage, Sundeck, Patio, Public Bus
Association Fee IncludesWater, Insurance, Exterior Maintenance, Scavenger
CityChicago
Community FeaturesSidewalks, Street Lights
Construction MaterialsBrick
ContingencyAttorney/Inspection
CoolingCentral Air
CountyCook
DirectionsGrand Ave to Wells Street, South on Wells to property (Wells & Illinois)
Elementary SchoolOgden Elementary
Elementary School District299
Full Baths2
Garage Spaces2
HOA Fee$445
HeatingNatural Gas, Forced Air
High School District299
Leasehold Rent $/Mo309
Living Area1650
MLS AreaCHI - Near North Side
MRD_CAN_OWNER_RENTYes
Middle/Junior High SchoolOgden Elementary
Middle/Junior School District299
New ConstructionNo
OwnershipCondo
Pets AllowedCats OK, Dogs OK
PossessionClosing
Property TypeResidential
Property TypeAttached Single
RoofRubber
SewerPublic Sewer
Standard StatusActive Under Contract
StatusContingent
Sub TypeCondo, Mid Rise (4-6 Stories)
Tax Annual Amount9814
Tax Year2024
Total Rooms5
TownshipNorth Chicago
Unit Number2
Year Built1901
Exterior for 503 N Wells Street # 2
Foundation DetailsConcrete Perimeter
Lot DimensionsCOMMON
Other EquipmentTV-Cable, Intercom, CO Detectors, Ceiling Fan(s), Water Heater-Gas
Parking FeaturesHeated Garage, Off Site, Leased, Detached, Garage
Total Parking2
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
Schools
High School
N/A
Middle School
Ogden Elementary

SQFT • 1,650