Ritz-Carlton Residences Condos For Sale & Rent

118 E Erie St, Chicago, IL 60611

Ritz-Carlton Residences Chicago: At a Glance

The Ritz-Carlton Residences at 118 E Erie St, Chicago, IL 60611 features 89 units for sale and for rent. Here's what buyers need to know:

HOA fees cover five-star hotel-style amenities. 1-bedroom units can start at $1,500 to $2,100 per month, with 3-bedroom units and penthouses going for well over $4,500 to $5,000 per month
Resident amenities include exclusive access to dining areas, a fitness center, valet parking, and 24-hour concierge services and building management
Floor–to-ceiling 10-foot windows, custom wide-plank hardwood flooring, Kallista plumbing fixtures, SieMatic cabinetry, and Miele appliances in most units
Located directly on the Magnificent Mile, walking distance from the Riverwalk and the Museum of Contemporary Art

For additional information on any of these Ritz-Carlton condos, just click the "Request Info" button when viewing the details of that property. We can provide you with disclosures, past sales history, dates and prices of condos recently sold nearby, and more.

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New

$849,900

118 E Erie Street 18d, Chicago, 60611

1 Bed 1.5 Baths 1,423 SqFt Residential MLS® # 12712770

New

$895,000

$1,375,000

118 E Erie Street 18a, Chicago, 60611

2 Beds 2.5 Baths 2,440 SqFt Residential MLS® # 12578990

About Ritz-Carlton Residences Chicago Condos

The Ritz-Carlton Residences is found in the Streeterville neighborhood in Near North Side Chicago and sits directly on the Magnificent Mile shopping district. The tower is 495 feet (40 storeys) tall and was designed by French architect Lucien Lagrange. It features 89 units for rent and for sale.

Units have floor plans between one and four bedrooms, with most residences providing breathtaking views of the city skyline and Michigan Avenue.

As part of the Ritz-Carlton brand, condos feature top-quality interior finishes with residents receiving exclusive access to a selection of five-star hotel-style amenities. These amenities include access to the Landmark Club, spa and fitness facilities, and valet parking.

Features & Amenities at Ritz-Carlton Residences Chicago

Located on the 10th floor, the Landmark Club is a private club exclusive to building residents. The club features a grand salon, a private dining room, a boardroom, a billiards room, a wine cellar, and a fitness center. 24-hour concierge and door staff are available to assist with daily needs, while on-site management and cleaning services ensure that units are well maintained for residents who frequently travel.

Floor plans at the Ritz-Carlton Residences range from 1400 square feet for one-bedroom units all the way up to 6000 square feet for penthouses, with most units featuring floor–to-ceiling 10-foot windows, custom millwork, and wide-plank hardwood flooring. Finishings include Kallista plumbing fixtures and Kohler products in spa-style bathrooms along with SieMatic cabinetry and Miele appliances in custom chef’s kitchens.

Who Ritz-Carlton Residences Chicago Works For (and Who It Doesn’t)

Ritz-Carlton Residences is best suited for three types of buyers:

Luxury Urbanites, buyers who seek five-star hospitality in their daily life, including concierge services, valet parking, and exclusive amenities available at the Landmark club.

Affluent Retirees, moving from massive estates outside of the city and looking to downsize.

Traveling Executives, buyers who split their time between Chicago and other cities. The 24/7 security and property management allow buyers the ability to “lock and leave” their units for extended periods with confidence.

Buyers who should explore other options are: short-term rental investors seeking properties to rent out via Airbnb or Vrbo (the building prohibits this), price-sensitive buyers (the building includes high HOA fees to cover included five-star amenities), and buyers seeking a building with modern aesthetics (the building boasts a classic, European style look).

FAQs About Ritz-Carlton Residences Chicago

What are the HOA fees at Ritz-Carlton Residences Chicago?

HOA fees at the Ritz-Carlton Residences vary depending on square footage and ownership percentage of the unit. 1-bedroom units can start at $1,500 to $2,100 per month, with 3-bedroom units and penthouses going for well over $4,500 to $5,000 per month. These fees cover five-star staff services, Landmark Club amenities, major utilities, Internet, and building maintenance.

Can you Airbnb a condo at Ritz-Carlton Residences Chicago?

No. You cannot run any short-term rentals out of a condo at the Ritz-Carlton Residences, including through Airbnb or Vrbo, as the building requires a minimum lease term of 12 months for all tenants. This policy is deisgned ot protect the privacy, security, and exclusivity of building amenities for residents.

What amenities are included at Ritz-Carlton Residences Chicago?

The Ritz-Carlton Residences features five-star hotel-style amenities including access to the Landmark Club, spa and fitness facilities, 24-hour concierge and management services, and valet parking.

How tall is Ritz-Carlton Residences Chicago?

The Ritz-Carlton Residences tower is 495 feet (40 storeys) tall and was designed by French architect Lucien Lagrange. It features 89 units for rent and for sale.

What property taxes should I expect at Ritz-Carlton Residences Chicago?

Property taxes for units at the Ritz-Carlton Residences vary depending on square footage and floor level. For one-bedroom units valued under $1 million, annual property taxes generally range from $13,000 to $18,000. 2-bedroom units priced between $1 million and $1.5 million, annual taxes are typically between $20,000 and $26,000. For penthouses valued at $1.9 million and above, annual property tax bills typically start around $33,000 to $35,000.

How does Ritz-Carlton Residences compare to other downtown Chicago luxury buildings?

The direct comparables to the Ritz-Carlton Residences in the Streeterville area are 840 N. Lake Shore Drive and The Palmolive. Both the Ritz-Carlton and 840 N. Lake Shore Drive were designed by Lucien Lagrange. The Ritz offers comprehensive hotel-style amenities and proximity to the Magnificent Mile while 840 N. Lake Shore has lower HOA fees and greater residential privacy. The Palmolive features genuine historic architecture while the Ritz caters to buyers seeking modern layouts and finishings.

The Ritz-Carlton Residences offers exclusive, five-star hotel-style amenities. Drop us a line today to arrange a viewing of condominiums for sale at the Ritz-Carlton Residences Chicago.