General Information
Building Features
Location & Structure
- Premier location in heart of Gold Coast neighborhood
- Floor-to-ceiling windows in all units
- Lake and skyline views from the north, east and south, city views from the west
- Available units (SF per various RE websites)
- 2-bedroom units (1425 or 1600 SF)
- 1–bedroom units (1000 SF)
- Studios (600 SF)
- Combined units (3-4 bedrooms; SF depends on configuration)
- In-unit HVACs for central air and heat control
- Secure storage units
- In-building garage parking available through SP+ Parking Management Services
- Walk score: 100%
- Nearby grocery stores, shops, parks, night life
- 20-minute walk to the Loop
In-Building Features & Services
- 24/7 doorstaff with double coverage
- Cable/wifi package included in assessments
- Party room
- Exercise room: cardio, weight lifting, barre, floor work area; water-bottle filler
- Outdoor pool with lounge chairs and tables
- Barbecue grill deck with umbrella tables
- Other outdoor relaxation areas
- Package room and optional in-unit delivery service with digital tracking
- Business center
- Laundry room
- Laundry service/Dry cleaners
- Secure bike room
- Vending machines
- Pet-friendly
- Rentals allowed for 6 months or longer (no rental cap)
- Professionally managed by Sudler
Building Reserves, Recent Improvements and Ongoing Maintenance
111 E. Chestnut is a 400+-unit building built in 1971. Annual HOA budgets are approximately $4 million, with about $1 million of that allocated to building reserves. There is no debt. There are no plans for or anticipation of a special assessment.
Reserve spending since 2012 has led to the following repairs and improvements, pursuant to professional reserve studies and ongoing needs.
Resident Experience
- Renovated hallways
- Expanded bike room
- New poolside and barbecue deck furniture
- Updated fitness center; new equipment
- Upgraded property management software
- Introduced new website
Structural Improvements
- New building roof
- New building exterior window perimeter caulking
- New domestic hot water boilers
- New basement house pumps
- New hydraulic elevator cylinder
- New loading dock
- New pool deck surface and pool liner
- Concrete repairs, as needed
Safety Improvements
- City of Chicago-mandated life safety improvements, blended into building décor
- Residential hallway 1- and 2-way communication system
- Modernized passenger elevators
- Electronic key safe for management office
- Roof anchor system
Governance
111 E. Chestnut Condominium has excellent governance processes.
- Professional management by Sudler, including robust internal controls and on-site property manager
- Audited financials and professional tax return preparation
- Experienced legal counsel
- Board of Directors processes
- 7-member Board
- Board members must stand for election every 2 years
- Board elections are audited
- Monthly open Board meetings with advance notice
- Formal bid processes