240 East Illinois #2505, Chicago IL 60611
$699,000

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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.

Features & Information

Key Details

  • List Price $699,000
  • Property Taxes 11267.85
  • Unit Floor Level 25
  • Square Feet 0
  • Price/ Sq. Ft. Unavailable
  • Year Built 2007
  • Parking Type Garage
  • Status Active

Rooms

  • Total Rooms 6
  • Master Bedroom

  • Master Bath F
  • Room Size 12X12
  • Bedroom 2

  • Room Size 10X12
  • Floor Level Main Level
  • Flooring Hardwood
  • Living Room

  • Room Size 14X24
  • Floor Level Main Level
  • Flooring Hardwood
  • Dining Room

  • Room Size COMBO
  • Floor Level Main Level
  • Flooring Hardwood
  • Kitchen

  • Room Size 10X10
  • Kitchen Type Eating Area-Breakfast Bar
  • Floor Level Main Level
  • Flooring Hardwood

Additional Rooms

  • Additional Room 1

  • Additional Room 1 Name Den
  • Additional Room Size 10X9
  • Additional Room Level Main Level
  • Additional Room Flooring Hardwood
  • Additional Room 2

  • Additional Room 2 Name Balcony
  • Additional Room Size 10X6
  • Additional Room Level Main Level
  • Additional Room Flooring Other

Interior Features

  • Appliances

  • Appliances Included Oven/Range, Dishwasher, Refrigerator, Washer, Dryer, Disposal, All Stainless Steel Kitchen Appliances, Microwave
  • Heating & Cooling

  • Heating Type Gas, Forced Air

Exterior Features

  • Parking

  • Parking Garage
  • # of Cars 1
  • Garage Features Heated

Building Information

  • Number of Units 281
  • Age of Building 16-20 Years
  • Exterior Construction Glass,Stone
  • Common Area Amenities Door Person, Elevator, Exercise Room, Party Room, Pool-Outdoors, Sauna
  • Exposure S (South),E (East)
  • Pets

  • Pets Allowed? Y
  • Pet Types Cats OK,Dogs OK,Pet Count Limitation

Location

  • County Cook
  • Township North Chicago
  • Corporate Limits Chicago
  • Directions to Property 2 Blocks East Of Michigan Ave On Upper Illinois
  • Schools

  • Elementary School District 299
  • Junior High District 299
  • High School District 299
  • Property Taxes

  • Tax 11267.85
  • Tax Year 2024
  • Tax Exemptions None
  • Parcel Identification Number 17102120401175

Utilities

  • Sewer Sewer-Publ

Listed by: Berkshire Hathaway HomeServices Chicago | Phone: 312.944.8900
Source: MRED as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 5/3/2026 10:32 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Explore Streeterville

Flanked on one side by the crowded sidewalks of Michigan Avenue and the wide open waters of Lake Michigan on the other, Streeterville is home some of the biggest attractions and most visited sites in Chicago. Shop the Magnificent Mile, ride the Ferris wheel at Navy Pier, get culture at the Museum of Contemporary Art and enjoy the vistas from the 94th-floor Observatory at the John Hancock Center, all within a few blocks from your front door. Residents like the architectural grandeur of this small, near north side Chicago neighborhood which also includes iconoclastic landmarks like the ornate Tribune Tower and the Water Tower Place. For living space, towering condominium high-rises are the norm, offering homeowners a high-end lifestyle with a view. Giving up the height but keeping the luxury, three- and four-story brown- and graystones make up the rest of Streeterville real estate. Needless to say, the neighborhood has the best shopping in Chicago with its Mag Mile retailers and flagship department stores. The Streeterville cuisine is just as sought-after, boasting reservation-required restaurants and more casual, family-friendly joints.

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