Palmolive Building

About the Building

Located at 159 E. Walton, the Palmolive Building is one of the most iconic buildings in Chicago. From 1967 until 1990, the building was known as the Playboy Building, as it served as the men’s magazine’s headquarters and featured large “Playboy” signs on each side of the building. In 2002, the building was renovated and converted to luxury condominiums, and at 29 floors, it remains one of the most attractive buildings in downtown Chicago.

Now, the Palmolive Building has been converted into a condo development in the fashionable Streeterville neighborhood that offers spacious units, quality construction and all the amenities you need to live in comfort and style. From the individual unit features to the useful building services and facilities, this site is a homeowner's dream.

The units in the Palmolive Building come in a number of layouts and offer residents a range of pricing to suit all family sizes and budgets. Generally speaking, the price per square foot for property at 159 E. Walton is $560, with an average size of 1,190 square feet. The smallest units offer 1,146 square feet of living space, while the largest ones encompass 1278 square-foot floorplans. The maximum number of bedrooms available in this building is 3+ which can be 272 square feet in area. On the other hand, if you don't need a lot of room, there are 1-bedroom units that are 132 square feet.

The standard length of time a unit in this building stays on the market is 710 days, although some take as long as 860 days to sell. Currently, there are few 1-bedroom residences available at 159 E. Walton. The average listing price for these units is $797,000 and the average sale price is $665,500. To give a better idea of the going rate for property in this particular building, a 1-bedroom here went for $701,000 in February of 2007. In addition to the price of the units themselves, it is always helpful to know how much you're going to have to pay in taxes and assessments to live somewhere. For this great residential building, homeowners generally pay between $1500 and $4000 per year in taxes and an average of $565 in assessments each month.

One more thing, in case you have a little furry friend at home who is planning on making the move with you-this building welcomes pets. So go ahead and pack up the toys, leashes, litter boxes, and food dishes because Fido or Fluffy may just become the newest four-legged neighbor at 159 E. Walton.