240 E Illinois Street #1806, Chicago IL 60611
$550,000

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Property Description

Experience elevated city living in this beautifully updated 2 bed / 2 bath home in the coveted 06 tier at The Fairbanks - one of Streeterville's premier full-amenity buildings. Perfectly positioned with northern exposure, this residence is drenched in natural light through expansive floor-to-ceiling windows that frame incredible skyline views from nearly every room. Designed for both everyday living and entertaining, the thoughtfully laid out floorplan offers seamless flow between the kitchen, dining, and living spaces. The contemporary kitchen is outfitted with premium SubZero and Thermador appliances, granite surfaces, custom cabinetry, and an oversized peninsula ideal for casual dining or hosting guests. Just off the living area, enjoy direct access to your private balcony overlooking the cityscape. The oversized primary suite serves as a true retreat, complete with an impressive walk-in closet and a luxurious en-suite bath featuring dual vanities, a soaking tub, and separate glass shower. A spacious second bedroom, additional full bath, in-unit laundry, and exceptional storage throughout make this home as functional as it is stylish - a rare find in high-rise living. Residents of The Fairbanks enjoy access to luxury amenities including 24-hour door staff, fitness centers, outdoor pool, dog run, business center, resident lounge, and grilling terrace. All ideally located just moments from the lakefront, Navy Pier, and the renowned shopping and dining along Magnificent Mile. A true turnkey opportunity in one of Chicago's most sought-after neighborhoods. Deeded Garage Parking is an ADDITIONAL $50,000.

Features & Information

Key Details

  • List Price $550,000
  • Property Taxes $12,370
  • Assessments/HOA $1,189
  • Assessments/HOA frequency Monthly
  • Assessments/HOA Fee Includes Heat, Air Conditioning, Water, Gas, Parking, Insurance, Security, Doorman, TV/Cable, Exercise Facilities, Pool, Exterior Maintenance, Scavenger, Snow Removal, Internet
  • Square Feet 1389
  • Year Built 2007
  • Status Contingent (Private)

Rooms

  • Total Rooms 5
  • Number of Bedrooms 2
  • Number of Bathrooms 2
  • Primary Bedroom

  • Room Size 14X13
  • Floor Level Main
  • Flooring Carpet
  • Primary Bathroom Full
  • Bedroom 2

  • Room Size 12X11
  • Floor Level Main
  • Flooring Carpet
  • Living Room

  • Room Size 24X14
  • Floor Level Main
  • Flooring Hardwood
  • Dining Room

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

  • Room Size 10X9
  • Floor Level Main
  • Flooring Hardwood

Additional Rooms

  • Balcony/Porch/Lanai

  • Room Size 5X10
  • Floor Level Main

Interior Features

  • Appliances

  • Appliances Included Range, Microwave, Dishwasher, Refrigerator, High End Refrigerator, Washer, Dryer, Disposal, Range Hood
  • Heating & Cooling

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

Exterior Features

  • Parking

  • # of Cars 1

Building Information

  • Number of Units 281
  • Age of Building 16-20 Years
  • Exposure North,City
  • Pets

  • Pets Allowed? Cats OK, Dogs OK

Location

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

  • Elementary School District 299
  • Junior High District 299
  • High School District 299
  • School Name Wells Community Academy Senior H
  • Property Taxes

  • Tax 12370.04
  • Tax Year 2024
  • Tax Exemptions Homeowner
  • Parcel Identification Number 17102120401093

Listed by Robert Grilli for Jameson Sotheby's Intl Realty | Source: MRED as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 8/3/2026 9:02 AM. 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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