Price Reduction - Waterfront - Primary on Main
Address
4950 S Chicago Beach Drive # 11a, Chicago, IL
Price
$ 1,250,000
Property Attributes
  • MLS#12670499
  • TypeCondos
  • Listing Status Active
  • CountyCOOK
  • CityChicago
  • AreaCHI - Kenwood
  • NeighborhoodPowhatan
  • Zip60615
  • StyleHigh Rise (7+ Stories),Vintage
  • Year Built1929
  • Price$ 1,250,000
  • Bedrooms3
  • Full Bathrooms4
  • Half Bathrooms1
  • Sqr Footage4000
Data Source:
Midwest Real Estate Data (MRED)
Property Description

Perched on the 11th floor of the iconic 1929 Art Deco Powhatan, this exceptional residence offers a rare combination of luxury, elegance, and comfort. Widely regarded as one of the building's finest apartments, this expansive single-level home is larger than many houses and showcases breathtaking lake and park views, among the best in the city. Meticulously renovated and presented in move-in condition, the residence is flooded with natural light and thoughtfully designed for both grand-scale entertaining and everyday living. Highlights include a stunning chef's kitchen with top-of-the-line appliances, an estate-sized butler's pantry, a formal dining room, soaring ceilings, hardwood floors, a beautiful fireplace with a hand-carved mantel, two-zone central air conditioning, and a spacious in-unit laundry room. The private living quarters feature three generously sized bedrooms, abundant closet space, and beautifully re-imagined en-suite baths, including dual primary baths. The Powhatan is renowned for its striking Art Deco architecture and distinguished amenities, including a restored lobby, indoor swimming pool, fitness center, and a spectacular rooftop ballroom with expansive terraces for outdoor dining and entertaining. This full-service co-op offers 24-hour door staff, valet parking, elevator attendants, on-site maintenance personnel, and private storage. Monthly assessments include parking, real estate taxes, and an unparalleled level of service. Significant capital improvements completed over the past decade have further enhanced the building's infrastructure and long-term value. A truly one-of-a-kind residence in one of Chicago's most celebrated landmark buildings.

Price History
9/10/2026 Listed $1,400,000
9/16/2026 11$1,250,000

General Features

Living Area 4000
Sewer Public Sewer
Heating Natural Gas,Steam,Radiator(s)
Cooling Central Air
Possession Closing
Roof Asphalt
Appliances Double Oven,Range,Dishwasher,Refrigerator,Washer,Dryer,Range Hood
HOA Fee 7358
Association Fee Includes Heat,Water,Gas,Parking,Taxes,Insurance,Doorman,TV/Cable,Exercise Facilities,Pool,Exterior Maintenance,Lawn Care,Scavenger,Snow Removal
Construction Materials Stone
Pets Allowed Cats OK,Dogs OK
Year Built 1929
Electric Circuit Breakers
Township Hyde Park
Unit Number 11A
Tax Year 2024
Ownership Co-op
Assoc Fee Paid Per Monthly
County Cook
New Construction No
Property Type Residential
Association Amenities Bike Room/Bike Trails,Door Person,Elevator in Residence,Exercise Room,Storage,On Site Manager/Engineer,Party Room,Indoor Pool,Receiving Room,Service Elevator(s)
Subdivision Name Powhatan
Total Rooms 8
Full Baths 4
Status Active
Directions LSD to Hyde Park Boulevard exit,building is straight ahead.
City Chicago
High School District 299
MLS Area CHI - Kenwood
Standard Status Active
Middle/Junior School District 299
Elementary School District 299
Property Type Attached Single
Sub Type High Rise (7+ Stories),Vintage
MRD_CAN_OWNER_RENT No

Interior Features

Interior Amenities Storage,Doorman,Separate Dining Room,Paneling
Basement None
Flooring Hardwood
Total Fireplaces 1
Fireplace Features Decorative
Total Stories 22
Half Baths 1
Laundry Features Washer Hookup,In Unit
Total Bedrooms 3
Room Type Pantry,Office,Library,Utility Room-1st Floor,Gallery,Walk In Closet
LivingAreaSource Estimated
Total Baths 5
Bedrooms Possible 3
Bathroom Separate Shower,Full Body Spray Shower,Soaking Tub
Total Number of Units 40

Exterior Features

Parking Features Assigned,Off Street,Valet,Yes,Owned
Water Source Public
Total Parking 1
Foundation Details Stone
Lot Dimensions COMMON
Waterfront Y/N Yes

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Pets
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Condos Average in 60615

Price
AVG $270K
$1.25M
Year Built
AVG 1939
1929
Visits
AVG 112
11
Data Provided by Inside Real Estate®