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  5. 701 S Wells St
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701 S Wells St

701 S Wells St, Chicago, IL, 60607

YEAR BUILT

2002

# STORIES

35

# TOTAL UNITS

129

UNIT SIZE RANGE

600-4,000 sqft

Description

701 S Wells St is located in the Printers Row/South Loop neighborhood of Chicago. It sits at the intersection of S Wells St and W Polk St. A key highlight is its proximity to the Chicago River. The building provides great views, focusing on both the water and the skyline. The high-rise building, built in 2002, has 35 stories, housing a total of 124 units. Unit sizes vary, ranging from 600 to 4,000 square feet. This offers potential buyers a choice of 1 to 4 bedrooms. Price points for units fall between $1,500,000 and $1,605,000. The lowest sold price in the last year was around $345,000, with an average closed price of $438,410. The average price per square foot stands at $318. Amenities in the building enhance daily living. A 24-hour door staff offers security and assistance. There’s a fitness center and a yoga room for health enthusiasts. Residents can enjoy an indoor pool, sundeck, and even a business center. The community also features a receiving room, party room, and bike trails. Parking options include garage parking. Units typically come with in-unit washer and dryer. Some units might have floor-to-ceiling windows or private balconies. Spacious kitchens often include oversized islands, and gas fireplaces might add a touch of comfort during colder months. Nearby points of interest include Dollop Coffee Co, East Coast Pantry, and the Roosevelt Collection. Local landmarks like Grant Park and major grocery stores, including Whole Foods and Trader Joe's, are easily accessible. The area’s mix of urban amenities and nature creates a vibrant lifestyle for residents. The property sits in a lively neighborhood while offering a peaceful retreat from the city bustle.

Building ImageMLS ID #12307488
Building ImageMLS ID #12549324
Building Image
Building ImageView Listing

701 S Wells St

701 S Wells St, Chicago, IL, 60607

YEAR BUILT

2002

# STORIES

35

# TOTAL UNITS

129

UNIT SIZE RANGE

600-4,000 sqft

Description

701 S Wells St is located in the Printers Row/South Loop neighborhood of Chicago. It sits at the intersection of S Wells St and W Polk St. A key highlight is its proximity to the Chicago River. The building provides great views, focusing on both the water and the skyline. The high-rise building, built in 2002, has 35 stories, housing a total of 124 units. Unit sizes vary, ranging from 600 to 4,000 square feet. This offers potential buyers a choice of 1 to 4 bedrooms. Price points for units fall between $1,500,000 and $1,605,000. The lowest sold price in the last year was around $345,000, with an average closed price of $438,410. The average price per square foot stands at $318. Amenities in the building enhance daily living. A 24-hour door staff offers security and assistance. There’s a fitness center and a yoga room for health enthusiasts. Residents can enjoy an indoor pool, sundeck, and even a business center. The community also features a receiving room, party room, and bike trails. Parking options include garage parking. Units typically come with in-unit washer and dryer. Some units might have floor-to-ceiling windows or private balconies. Spacious kitchens often include oversized islands, and gas fireplaces might add a touch of comfort during colder months. Nearby points of interest include Dollop Coffee Co, East Coast Pantry, and the Roosevelt Collection. Local landmarks like Grant Park and major grocery stores, including Whole Foods and Trader Joe's, are easily accessible. The area’s mix of urban amenities and nature creates a vibrant lifestyle for residents. The property sits in a lively neighborhood while offering a peaceful retreat from the city bustle.

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Description

701 S Wells St is located in the Printers Row/South Loop neighborhood of Chicago. It sits at the intersection of S Wells St and W Polk St. A key highlight is its proximity to the Chicago River. The building provides great views, focusing on both the water and the skyline. The high-rise building, built in 2002, has 35 stories, housing a total of 124 units. Unit sizes vary, ranging from 600 to 4,000 square feet. This offers potential buyers a choice of 1 to 4 bedrooms. Price points for units fall between $1,500,000 and $1,605,000. The lowest sold price in the last year was around $345,000, with an average closed price of $438,410. The average price per square foot stands at $318. Amenities in the building enhance daily living. A 24-hour door staff offers security and assistance. There’s a fitness center and a yoga room for health enthusiasts. Residents can enjoy an indoor pool, sundeck, and even a business center. The community also features a receiving room, party room, and bike trails. Parking options include garage parking. Units typically come with in-unit washer and dryer. Some units might have floor-to-ceiling windows or private balconies. Spacious kitchens often include oversized islands, and gas fireplaces might add a touch of comfort during colder months. Nearby points of interest include Dollop Coffee Co, East Coast Pantry, and the Roosevelt Collection. Local landmarks like Grant Park and major grocery stores, including Whole Foods and Trader Joe's, are easily accessible. The area’s mix of urban amenities and nature creates a vibrant lifestyle for residents. The property sits in a lively neighborhood while offering a peaceful retreat from the city bustle.

701 S Wells St Key Stats Last 12 months

Avg. Listed Price$417,111($316/Sqft.)

Avg. Sale Price$398,200($313/Sqft.)
Year over year list priceUp Arrow6.80%

Year over year sale priceUp Arrow 0.19%
Total Listings9 Listed

Total sold10 Sold
Average Days on Market61 days

Average HOA fees per sqft$2 /monthly
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Key Stats

Year over year list priceUp Arrow6.80%

Year over year sale priceUp Arrow0.19%
Total Listings9 Listed

Total sold10 Sold
Average Days on Market61 days

Average HOA fees per sqft$2 /monthly

Glen Gardens Estate Availability & Demand

Unit Availability

Medium
High availability buildings list units frequently.

Unit Availability helps to understand how often units in a particular building are listed for sale as compared with the neighborhood average. Units are rarely listed in buildings with low availability.

Unit Demand

High
Units in high-demand buildings sell quicker.

Unit Demand is a measure of quickly units in a particular building sell as compared with other buildings in the neighborhood. Units in high-demand buildings sell more quickly.

For Sale 0 For Sale

701 S Wells St Inventory & Sale History

UnitSize (sqft)BedsBathsDays On MarketDateStatusPrice
Unit 340134014000331772021-07-09
MLS#: 10969659
Closed$1,500,000
Unit 33033303169222562020-07-09
MLS#: 10714243
Closed$612,500
Unit 340034004000432562010-07-30
MLS#: 07381312
Closed$1,605,000
Unit 3303
3303

2 Beds

2 Baths

1692 sqft


DateStatusPrice
2020-07-09Closed$612,500
MLS#: 10714243
Days On Market56
Unit 3400
3400

4 Beds

3 Baths

4000 sqft


DateStatusPrice
2010-07-30Closed$1,605,000
MLS#: 07381312
Days On Market256
Unit 3401
3401

3 Beds

3 Baths

4000 sqft


DateStatusPrice
2021-07-09Closed$1,500,000
MLS#: 10969659
Days On Market177
View Complete Unit Listing HistorySource By: MRED

Amenities

What makes 701 S Wells St a standout choice are the fantastic amenities available to residents. Imagine starting your day with a swim in the indoor pool or gearing up for the day in the well-equipped exercise room. You can even enjoy a relaxing evening in the spa or hot tub. If you’re someone who loves social gatherings, the party room and sun deck offer perfect spots for entertaining friends. The building also features a business center for those who may work from home or need a quiet place to focus. Plus, with a convenient commissary and valet services, daily tasks become a breeze.

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Amenities Description

What makes 701 S Wells St a standout choice are the fantastic amenities available to residents. Imagine starting your day with a swim in the indoor pool or gearing up for the day in the well-equipped exercise room. You can even enjoy a relaxing evening in the spa or hot tub. If you’re someone who loves social gatherings, the party room and sun deck offer perfect spots for entertaining friends. The building also features a business center for those who may work from home or need a quiet place to focus. Plus, with a convenient commissary and valet services, daily tasks become a breeze.

Parking
Parking
Locker
Locker
Concierge
Concierge
Elevator(s)
Elevator(s)
Check Icon
Central AC
Central AC
Pool
Pool
Fitness Center
Fitness Center
Check Icon
Visitors Parking
Visitors Parking
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Amenities

Water View

Water View

Elevator(s)

Elevator(s)

Exercise Room

Exercise Room

Health Club

Health Club

Indoor Pool

Indoor Pool

Door Person

Door Person

Security

Security

Security Door Lock(s)

Security Door Lock(s)

Sundeck

Sundeck

Patio

Patio

Receiving Room

Receiving Room

Spa/Hot Tub

Spa/Hot Tub

Bike Room/Bike Trails

Bike Room/Bike Trails

Party Room

Party Room

Business Center

Business Center

Storage

Storage

Service Elevator(s)

Service Elevator(s)

High Speed Conn.

High Speed Conn.

Balcony

Balcony

Policies

As you consider making 701 S Wells St your new home, it’s good to know the building policies. While there are certain restrictions in place, such as a limit on the number of occupants and a required deposit, the good news is that cats and dogs are welcome! This makes it a fantastic option for pet owners looking to settle down in Chicago.

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Amenities Description

As you consider making 701 S Wells St your new home, it’s good to know the building policies. While there are certain restrictions in place, such as a limit on the number of occupants and a required deposit, the good news is that cats and dogs are welcome! This makes it a fantastic option for pet owners looking to settle down in Chicago.

Pet Allowed
Check
Pet Allowed
BBQ Permitted
BBQ Permitted
Sublet Allowed
Sublet Allowed
Short-term Rental Allowed
Short-term Rental Allowed

Compare with Buildings in the Neighbourhood (Last 12 Months)

Compare building's average price/sq. ft. and HOA fees/sq. ft. to buildings nearby

Building NameAvg price per square footAVG HOA FEE per square foot (Monthly)
701 S Wells St$313/sqft.$2 /sqft.
Wells Street Tower$328/sqft.$2 /sqft.
170 W Polk Street$404/sqft.$3 /sqft.
170 W Polk St$404/sqft.$3 /sqft.
732 S Financial Pl$266/sqft.$3 /sqft.
Printers Row Lofts Condominiums$283/sqft.$3 /sqft.

Nearby Schools

701 S Wells St is situated close to local schools in South Loop / Near South Side, Chicago. Nearby educational institutions within 2 miles support daily convenience. Families enjoy improved accessibility and reduced commute stress. This location promotes a family-oriented environment.

South Loop Montessori School

--
Private|Grades PK–3
47 W Polk St Ste G...|0.24 miles away

Jones College Preparatory High School

A
Public|Grades 9–12
700 S State St|0.28 miles away

Urban Preparatory West Charter School

--
Public|Grades 9–12
425 S Wabash Ave|0.46 miles away

South Loop Elementary School

B
Public|Grades PK–8
1212 S Plymouth Ct|0.5 miles away

Intrinsic 2 Charter High School

--
Public|Grades 9–12
79 W Monroe St Ste...|0.54 miles away

Noble St Charter-Muchin College Preparatory

A+
Public|Grades 9–12
1 N State St|0.71 miles away
Next

Schools

arrow rightWhat to know about schoolsarrow right
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Description

701 S Wells St is situated close to local schools in South Loop / Near South Side, Chicago. Nearby educational institutions within 2 miles support daily convenience. Families enjoy improved accessibility and reduced commute stress. This location promotes a family-oriented environment.

South Loop Montessori School

--
Private|Grades PK–3
47 W Polk St Ste G...|Less than 1 Mile Away

Jones College Preparatory High School

A
Public|Grades 9–12
700 S State St|Less than 1 Mile Away

Urban Preparatory West Charter School

--
Public|Grades 9–12
425 S Wabash Ave|Less than 1 Mile Away

South Loop Elementary School

B
Public|Grades PK–8
1212 S Plymouth Ct|Less than 1 Mile Away

Intrinsic 2 Charter High School

--
Public|Grades 9–12
79 W Monroe St Ste...|Less than 1 Mile Away

Noble St Charter-Muchin College Preparatory

A+
Public|Grades 9–12
1 N State St|Less than 1 Mile Away

Yccs-Innovations of Arts Integr High School

--
Public|Grades 9–12
17 N State St|Less than 1 Mile Away

Frances Xavier Warde School

--
Private|Grades PK–8
120 S Desplaines S...|Less than 1 Mile Away

Daystar Academy

--
Private|Grades PK–9
1550 S State St St...|Less than 1 Mile Away

Galileo Elementary Math & Science Schol Acd

B
Public|Grades KG–8
820 S Carpenter St|1.06 Miles Away

St Ignatius College Preparatory

--
Private|Grades 9–12
1076 W Roosevelt R...|1.13 Miles Away

J. Smyth Elementary School

D
Public|Grades KG–8
1059 W 13th St|1.17 Miles Away

Perspectives Charter - Joslin Campus

C-
Public|Grades 6–12
1930 S Archer Ave|1.18 Miles Away

Gems World Academy Chicago

--
Private|Grades PK–11
350 E South Water ...|1.21 Miles Away

Yccs-Jane Addams Alternative High School

--
Public|Grades 9–12
1814 S Union Ave|1.26 Miles Away

Intercultural Montessori Language School

--
Private|Grades PK–8
114 S Racine Ave|1.32 Miles Away

Dba City Garden Waldorf School

--
Private|Grades PK–KG
920 W 19th St|1.38 Miles Away

Jungman Elementary School

C+
Public|Grades PK–8
1746 S Miller St|1.41 Miles Away

Jackson a Elementary Language Academy

A+
Public|Grades KG–8
1340 W Harrison St|1.43 Miles Away

Walsh Elementary School

D
Public|Grades KG–8
2015 S Peoria St|1.48 Miles Away

National Teachers Elementary Academy

B-
Public|Grades PK–8
55 W Cermak Rd|1.48 Miles Away

Chicago Technology Academy High School

B
Public|Grades 9–12
1301 W 14th St|1.52 Miles Away

Pui Tak Christian School

--
Private|Grades PK–8
2301 S Wentworth A...|1.54 Miles Away

St Therese Chinese Catholic School

--
Private|Grades PK–8
247 W 23rd St|1.55 Miles Away

Devry Advantage Academy High School

A+
Public|Grades 11–12
1900 W Lawrence Av...|1.55 Miles Away

St Procopius School

--
Private|Grades PK–8
1625 S Allport St|1.58 Miles Away

Montessori Academy of Chicago

--
Private|Grades PK–8
1335 W Randolph St|1.58 Miles Away

Young Magnet High School

A+
Public|Grades 7–12
211 S Laflin St|1.61 Miles Away

Haines Elementary School

A
Public|Grades PK–8
247 W 23rd Pl|1.61 Miles Away

STEM Magnet Academy Elementary School

A-
Public|Grades KG–8
1522 W Fillmore St|1.65 Miles Away

Crane Technical Preparatory High School

--
Public|Grades 12–12
|1.68 Miles Away

Graham R Training Center

--
Public|Grades 9–12
2347 S Wabash Ave|1.68 Miles Away

Perez Elementary School

D+
Public|Grades PK–8
1241 W 19th St|1.76 Miles Away

Pilsen Elementary Community Academy

D
Public|Grades PK–8
1420 W 17th St|1.80 Miles Away

Urban Prairie

--
Private|Grades PK–8
1310 S Ashland Ave|1.82 Miles Away

Urban Prairie Waldorf School

--
Private|Grades PK–8
1310 S Ashland Ave|1.82 Miles Away

Ogden Elementary School

D+
Public|Grades KG–8
24 W Walton St|1.88 Miles Away

Simpson Academy High School for Young Women

--
Public|Grades 6–12
1321 S Paulina St|1.91 Miles Away

Hope Learning Academy

C-
Public|Grades KG–5
1628 W Washington ...|1.94 Miles Away

Rudolph Elementary Learning Center

--
Public|Grades PK–7
1628 W Washington ...|1.94 Miles Away

Ogden Intermediate High School

A
Public|Grades 9–12
1250 W Erie St|1.94 Miles Away

Noble St Charter Rauner College Preparatory

A
Public|Grades 9–12
1337 W Ohio St|1.96 Miles Away

Salazar Elementary Bilingual Center

C-
Public|Grades PK–8
160 W Wendell St|1.97 Miles Away

Payton College Preparatory High School

A+
Public|Grades 9–12
1034 N Wells St|1.98 Miles Away

Transit

701 S Wells St offers strong public transit access in South Loop / Near South Side, Chicago, with multiple transportation options located within a 2-mile radius. Nearby Bus, Rail, Metro allow residents to move efficiently across the city without relying on a car. This transit-oriented location supports daily commuting, errands, and weekend travel. Excellent connectivity adds convenience and long-term livability to the neighborhood.

1100 S Columbus (Pedestrian Underpass)

0.7 miles away|14 min walk

1440 S Indiana

0.91 miles away|18 min walk

1633 W Madison

1.91 miles away|37 min walk

18th St.

1.29 miles away|25 min walk

18th Street & Ashland

1.99 miles away|39 min walk

18th Street & Blue Island

1.77 miles away|34 min walk
Next

Transit

arrow rightWhat to know about transitarrow right
Next

Description

701 S Wells St offers strong public transit access in South Loop / Near South Side, Chicago, with multiple transportation options located within a 2-mile radius. Nearby Bus, Rail, Metro allow residents to move efficiently across the city without relying on a car. This transit-oriented location supports daily commuting, errands, and weekend travel. Excellent connectivity adds convenience and long-term livability to the neighborhood.

1100 S Columbus (Pedestrian Underpass)

0.7 miles away|14 min walk

1440 S Indiana

0.91 miles away|18 min walk

1633 W Madison

1.91 miles away|37 min walk

18th St.

1.29 miles away|25 min walk

18th Street & Ashland

1.99 miles away|39 min walk

18th Street & Blue Island

1.77 miles away|34 min walk

18th Street & Carpenter

1.45 miles away|28 min walk

18th Street & Halsted

1.24 miles away|24 min walk

18th Street & Laflin

1.88 miles away|36 min walk

18th Street & Peoria

1.3 miles away|25 min walk

18th Street & Racine

1.58 miles away|31 min walk

18th Street & Sangamon

1.34 miles away|26 min walk

18th Street & Throop

1.67 miles away|32 min walk

2300 S Halsted

1.68 miles away|33 min walk

25th Street & Michigan

1.86 miles away|36 min walk

26th Street & Indiana

1.97 miles away|38 min walk

26th Street & Normal

1.94 miles away|38 min walk

320 N LaSalle

1.06 miles away|21 min walk

321 N LaSalle

1.07 miles away|21 min walk

327 W Roosevelt

0.41 miles away|8 min walk

333 S Franklin Street (Chicago)

0.29 miles away|6 min walk

350 S. Clark Street (Chicago)

0.33 miles away|7 min walk

530 W Grand

1.35 miles away|26 min walk

700 W Chicago

1.74 miles away|34 min walk

900 W Harrison

0.82 miles away|16 min walk

900 W Roosevelt

0.93 miles away|18 min walk

900 W Taylor

0.83 miles away|16 min walk

Adams & Canal

0.54 miles away|11 min walk

Adams & Clark

0.46 miles away|9 min walk

Adams & State

0.52 miles away|10 min walk

Adams & S. Wacker

0.47 miles away|9 min walk

Adams & Wabash

0.59 miles away|12 min walk

Adams/Wabash

0.58 miles away|12 min walk

Adams & Wells

0.44 miles away|9 min walk

AM Michigan & Randolph (Chicago)

0.91 miles away|18 min walk

Archer & 23rd Place

1.61 miles away|31 min walk

Archer & Canal

1.53 miles away|30 min walk

Archer & Cermak/Princeton

1.39 miles away|27 min walk

Archer & Dearborn

1.21 miles away|24 min walk

Archer & Green

1.98 miles away|38 min walk

Archer & Grove

1.63 miles away|32 min walk

Archer & Lowe

1.81 miles away|35 min walk

Archer & Normal

1.66 miles away|32 min walk

Archer & Red Line Station

1.29 miles away|25 min walk

Archer & Wallace

1.72 miles away|34 min walk

Archer & Wentworth

1.29 miles away|25 min walk

Ashland & 14th Street

1.83 miles away|36 min walk

Ashland & 15th Street

1.87 miles away|36 min walk

Ashland & 18th Street

1.98 miles away|38 min walk

Ashland & Adams

1.77 miles away|34 min walk

The Neighbourhood: South Loop / Near South Side

South Loop / Near South Side sits along Chicago's lakefront near major parks and museums. This district contains outdoor places like Grant Park, Millennium Park, and the Museum Campus. Museums include the Field Museum, Shedd Aquarium, and Adler Planetarium. Navy Pier provides rides and family attractions on the water. Restaurants such as Lou Malnati's, Giordano's, Portillo's, and The Gage serve a range of food. Buddy Guy's Legends and many bars host live music and late night gatherings. Soldier Field hosts sports and large events for the city. McCormick Place handles big conventions and trade shows. Parks and the lakefront trail invite walking, running, and biking. Trains and buses provide quick links to the Loop through Roosevelt station and CTA lines. Metra and regional buses connect visitors to suburbs and nearby towns. Small shops and office towers mix with apartments in many blocks. This district shows a dense urban form with a blend of jobs and homes. Data shows that the most common age group falls between 25 to 29 years old. Households with 1 person make up the largest part of the local population.

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Neighbourhood Description

South Loop / Near South Side sits along Chicago's lakefront near major parks and museums. This district contains outdoor places like Grant Park, Millennium Park, and the Museum Campus. Museums include the Field Museum, Shedd Aquarium, and Adler Planetarium. Navy Pier provides rides and family attractions on the water. Restaurants such as Lou Malnati's, Giordano's, Portillo's, and The Gage serve a range of food. Buddy Guy's Legends and many bars host live music and late night gatherings. Soldier Field hosts sports and large events for the city. McCormick Place handles big conventions and trade shows. Parks and the lakefront trail invite walking, running, and biking. Trains and buses provide quick links to the Loop through Roosevelt station and CTA lines. Metra and regional buses connect visitors to suburbs and nearby towns. Small shops and office towers mix with apartments in many blocks. This district shows a dense urban form with a blend of jobs and homes. Data shows that the most common age group falls between 25 to 29 years old. Households with 1 person make up the largest part of the local population.

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701 S Wells St Demographics

This neighborhood indicates a good mix of people which makes it a good place for families. About 7.54% are children aged 0–14, 31.53% are young adults between 15–29, 35.81% are adults aged 30–44, 13.89% are in the 45–59 range and 11.22% are seniors aged 60 and above. Commuting options are also varying where 29.1% of residents relying on driving, while others prefer public transit around 20.07%, walking around 26.5%, biking around 1.57%, allowing residents to choose travel modes that best fit their daily routines. Most homes in the area are with 60.03% of units are rented and 39.97% are owner occupied. The neighborhood offers different household types. About 9.95% are single family homes and 0.79% are multi family units. Around 52.76% are single-person households, while 47.24% are multi person households. This mix works well for families, roommates, and individuals. Education levels in the neighborhood vary widely where 36.56% of residents have bachelor’s degrees. Around 4.09% have high school or college education. Another 4.05% hold diplomas while 43.61% have completed postgraduate studies. The remaining are 11.69% with other types of qualifications.

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Demographics Description

This neighborhood indicates a good mix of people which makes it a good place for families. About 7.54% are children aged 0–14, 31.53% are young adults between 15–29, 35.81% are adults aged 30–44, 13.89% are in the 45–59 range and 11.22% are seniors aged 60 and above. Commuting options are also varying where 29.1% of residents relying on driving, while others prefer public transit around 20.07%, walking around 26.5%, biking around 1.57%, allowing residents to choose travel modes that best fit their daily routines. Most homes in the area are with 60.03% of units are rented and 39.97% are owner occupied. The neighborhood offers different household types. About 9.95% are single family homes and 0.79% are multi family units. Around 52.76% are single-person households, while 47.24% are multi person households. This mix works well for families, roommates, and individuals. Education levels in the neighborhood vary widely where 36.56% of residents have bachelor’s degrees. Around 4.09% have high school or college education. Another 4.05% hold diplomas while 43.61% have completed postgraduate studies. The remaining are 11.69% with other types of qualifications.

Age Demographics

0–14 Years

7.54%

15–29 Years

31.53%

30–44 Years

35.81%

45–59 Years

13.89%

60+ Years

11.22%

Commute

20.07%

Transit

26.5%

Walk

29.1%

Drive

1.57%

Bike

Housing Ownership

39.97%

Owner Occupied

60.03%

Rental Units

Household Types

Single Family
9.95%
Multi Family
0.79%
Single Person
52.76%
Multi Person
47.24%

Average Income

Household:$10,743,154.82 /yr

Individual:$8,664,718.63 /yr

Education

Bachelors Degree36.56%
High School College4.09%
Diploma4.05%
Post Graduate43.61%
Others11.69%
Next

Education

Diploma4.05%
Post Graduate43.61%
Others11.69%
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    701 S Wells St
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Berkshire Hathaway Starck Real Estate

Paul Ambrogio

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13300 IL RT 47

Huntley, Illinois 60142

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