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    16 N May St, Unit 543 Chicago, IL 60607

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    For Sale
    $879,000

    One-level penthouse with private terrace in a gated community.

    Property Features for 16 N May St

    General Information

    Exterior features
    exterior_features, : ["Deck"]
    Interior features
    Interior Feature 1, : "Central Air", "Interior Feature 2": "Natural Gas", "Interior Feature 3": "Forced Air"

    Building Details

    Year built
    2001

    Source: Coldwell Banker Realty Agent Anne Loncar

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    West Loop Penthouse Condo

    This one-level penthouse condo is located in the Block X gated community in the heart of the West Loop. The well-maintained unit features an open floor plan with over 2,200 square feet of living space and is designed for entertaining. High-quality features include a custom wine room, maple floors, and 6-panel solid oak doors. A built-in audio system and front projector with touch-panel controls are also included. The unit is filled with natural light and offers access to a private, 350 square foot terrace that runs the full length of the unit, overlooking the landscaped courtyard. Additional features include a private, attached garage with overhead storage and a separate storage closet. The family/billiard room can be converted into a third bedroom. The property is located steps away from restaurants, cafes, shopping, parks, and public transportation.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Law Firm Clothing Store Building Supply Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6561374
    Latitude
    41.8824823

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    FAQs

    What type of property is this?
    Apartment building - One-level penthouse with private terrace in a gated community.
    Where is this apartment building located?
    The property is located at 16 N May St, Unit 543 Chicago, IL.
    What is the asking price?
    The asking price for this property is $879,000.
    What are key features of this property?
    This property features: - Rare one-level penthouse condo in the heart of the West Loop's sought-after gated community (Block X).; - Enjoy the best view in the complex from your private 350sf terrace, overlooking a lushly landscaped courtyard.; - Over 2,200sf of living space with an open floor plan perfect for entertaining.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    16 N May St, Unit 543 Chicago, IL 60607
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