Accepting Backups
503 Wells Street
Chicago, IL 60654
$635,000
2beds
2baths
1,650sqft
Ask Dwello about this home
Anything from "is it priced right?" to "what's the catch?"
About this home
If you want to live in the heart of River North, but don't want to live in another cookie cutter box in the sky that feels like a dorm room and don't want crazy high assessments, then you just might have found your dream home! This boutique 4 unit building in a 15 unit association offers privacy and scale. Unlike all the other high rises that feel like narrow bowling alleys, and are starved for size with low ceiling heights, this 1,650 sqft unit is extra wide at 24 feet, plus boasts 10.5 foot ceilings, so you feel size, width, and volume immediately! The 528 sqft (22x24) ultra-sunny open concept great room features 5 west facing bay windows, including a massive picture window, 10.5 foot ceilings, a distinct area for a huge 10+ person dining room table, and a cozy gas/wood fireplace. The kitchen features newer appliances, new quartz counters, new backsplash, and fantastic built in lighting and designer cabinets. Newly refinished natural bright hardwood floors throughout! The spacious primary suite features new ceiling fan, sconce lights with dimmers, and includes an enormous wall of closets. The primary bath features a new 60 inch vanity with led mirrors, new tile, a linen closet, a large Jacuzzi tub, and an oversized new glass shower. The massive 12x17 second bedroom also has new lighting, a new closet, and leads directly to a great private BRAND NEW deck with city views which overlooks a super unique community patio and garden. It really is like you have your own city oasis! Newer luxury full size Electrolux laundry included. The Assessments of $445 are extremely low, and out of the 196 two bed two bath properties that have closed in 60654 in the last 12 months, this unit had the very lowest assessment. The average assessment was $963! Spreadsheet detail in marketing materials. Even with these very low assessments, the association has $66K in reserves in this low amenity building. Garage Parking can be leased for $309 a month and is only one-quarter block away (See, last picture Blue= P). A+ River North Location which is 1/2 block to Lou Malnati's and Al's Beef, 1 block to the Merchandise Mart and El trains, 2 blocks to the Riverwalk, 2.5 blocks to Mastros Steakhouse, and 3 blocks to the East Bank Club.
MLS Description — as provided by the listing brokerage.
The facts
Property typeResidential
Year built1901
Garage spaces2
Fireplaces1
Lot size—
Annual tax$9,814
CountyCook
MLS #MRD12594340
Days on market7
Schools
ElementaryOgden Elementary
Middle / JuniorOgden Elementary
Features
Heating
Natural GasForced Air
Cooling
Central Air
Appliances
RangeDishwasherRefrigeratorStainless Steel Appliance(s)Range HoodGas CooktopGas Oven
Parking
Heated GarageOff SiteLeasedDetachedGarage
Construction
Brick
Sewer
Public Sewer
Listed by
Ask Nagel
Greg Nagel · 312-933-1432
Listing courtesy of mred MLS as distributed by MLS GRID.
Based on information submitted to the MLS GRID as of 3/24/2026, 1:23:02 AM. All data should be independently verified.
This home is under contract but the seller is accepting backup offers. Contact a dwello agent to submit.
You + your agent
What do you think?
React below so your dwello agent knows how you feel. Leave a note to start a conversation about this home.
Loading…
More homes you might like