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Located on the 28th floor of the iconic Palmolive Building, this extraordinary full-floor residence offers an unmatched blend of historic grandeur, refined craftsmanship, and breathtaking panoramic views of Lake Michigan, the Magnificent Mile, and Navy Pier. Encompassing approximately 5,400 square feet, this impeccably designed 3-bedroom, 2.5-bath home decorated by acclaimed designer Paula Berg is a true masterpiece of luxury living. Arrive to your private elevator foyer wrapped in exquisite Romanoff rolled wood wall coverings before entering a dramatic rotunda adorned with a hand-applied silverleaf ceiling, Venetian plaster niches, and stunning marble, limestone, and onyx flooring. A powder room is located just off the entrance and guests will be in awe of the opulent Mother of Pearl-lined walls, marble countertop and nickel faucet. Every detail throughout the residence has been thoughtfully curated, from the soaring ceilings, rich hardwood floors, and classic Art Deco moldings to the custom Evan Lewis-designed fireplaces. Designed for elegant entertaining, the sprawling floor plan features a spectacular lounge and bar with Lalique glass panels, granite countertops, a Herbeau polished nickel sink, Franke faucet, refrigerator, and ice maker. The formal dining room is equally impressive and highlighted by Venetian plaster ceilings and breathtaking open lakeshore views. The adjacent DeGuillio kitchen is a culinary showpiece featuring a custom marble sink, Subzero refrigerator with butternut wood doors, sliding backsplash doors revealing hidden spice storage, and exceptional custom detailing throughout. A fully equipped butler's pantry includes antique mirror inserts, a German silver sink, warming drawer, refrigerator drawers, dishwasher and 1-inch maple countertops. Wine enthusiasts will appreciate the 600-bottle EuroCave wine coolers. Nearby, a sunlit laundry room offers a full-sized washer/dryer, marble countertops, and cabinetry for storage. The private wing of the home has 3 generous bedrooms, including a grand, oversized primary suite with a Venetian plaster ceiling, two walk-in closets, and Roman shades. The primary bathroom hosts custom burl wood and onyx cabinets, a Seura bathroom mirror with TV, a spectacular stand-alone Kohler tub and limestone shower. Modern conveniences include Lutron lighting, motorized shades, distributed audio/video creating an efficient total home control system. A richly appointed executive study/library featuring dramatic floor-to-ceiling custom millwork, built-in bookshelves, and a striking marble fireplace complemented by warm ambient lighting, oversized windows with city views, and refined designer finishes throughout. A sophisticated retreat ideal for a private office, reading room, or elegant work-from-home setting. This remarkable residence was prominently featured in the Winter 2017 issue of Sophisticated Living Chicago Magazine. Enjoy distinguished amenities including an exceptional full-service concierge staff, fitness center with hot tub spa, club room, and valet parking for three vehicles. Rich in Chicago history, this celebrated Art Deco landmark once housed the headquarters of Colgate-Palmolive-Peet Company and later Playboy Enterprises, making it one of the city's most distinguished residential addresses.

  • Bedrooms
    3
  • Bathrooms
    2 full · 1 half
  • Year Built
    1929
  • Stories
    1.0
  • Garage Spaces
    3.0
  • Parking Features
    Attached, Garage
  • Living Area
    5400.0
  • Interior Features
    Pantry, Entrance Foyer
  • Cooling
    Central Air
  • Heating
    Forced Air, Zoned
  • Basement
    None

  • View
    Water
  • Water
    Public


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Frequently Asked Questions

How do I schedule a tour of 159 E Walton Pl #28 A?

We can make that happen quickly. Click Tour This Home and we'll connect you directly with our vetted local partner to schedule your visit to 159 E Walton Pl #28 A.

They know residentials in the area well and can give you the guidance you need to buy with confidence.

How do I get more information about 159 E Walton Pl #28 A?

Click Ask a Question to talk with our team. You already know it is a 3 bed, 2 bath, listed for $4,900,000. We can talk through recent upgrades, potential seller motivation, how this condominium compares to others in Chicago, and can even get you in to see the property quickly.

How much is the monthly mortgage payment for 159 E Walton Pl #28 A?

With a 20% down payment and a 30-year fixed loan at an illustrative 7.25% rate, the ez Mortgage Calculator estimates the monthly payment for 159 E Walton Pl #28 A at around $33,314. This includes estimated property taxes and insurance.

Want to see how this changes with different down payments or interest rates? Jump to the calculator to run the numbers and fine-tune your plan.

How do I get pre-approved to buy 159 E Walton Pl #28 A?

Stand out in a competitive market by getting pre-approved today. Our quick and private pre-approval process helps you understand your true buying power—no credit pull required to explore all of your options.

Or, let us connect you with our preferred local lender in Cook County. They will give you all of your available financing options, based on your specific situation and what is available to you.

Can I negotiate the asking price for 159 E Walton Pl #28 A?

In most cases, yes. Whether 159 E Walton Pl #28 A is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Chicago's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.

How do I make an offer on 159 E Walton Pl #28 A?

We can handle that for you. Our preferred local agent specializes in residentials in Chicago and can guide you through every step of the offer process.

You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.

What is the price per square foot for this home?

This home is listed at $4,900,000 with 5,400 sqft of space—that comes out to approximately $907 per square foot.

How long has this property been on the market?

159 E Walton Pl #28 A was listed on May 26, 2026, which means it's been on the market for 173 days.

Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.

When was this house built?

This home was built in 1929, making it approximately 97 years old.

What schools are assigned to this property?

Based on MLS info, this home is zoned for:

  • Elementary: Ogden Elementary

Want to see how these schools compare? Check out our Cook County School Guide to see ratings, reviews, and more for the schools in the area.

What are the property taxes for 159 E Walton Pl #28 A?

The most recent public record shows annual property taxes for 159 E Walton Pl #28 A were approximately $65,153. This may change with reassessment or exemptions. Our local partner can verify current tax amounts and help you estimate future costs based on your situation.

Is there an HOA fee for this property, and what does it cover?

This home has an HOA fee of $7,555 paid monthly.

This covers access to community features including: Fitness Center, Party Room.

Is 159 E Walton Pl #28 A still available for sale?

This home is pending sale, which means the seller has accepted an offer. You can favorite it to track status or ask our expert to help you find similar homes in this area. We'll also let you know if this property comes back on the market.

Source: ez Home Search, MLS Data

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Listing information provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed by the MLS. Copyright 2026, Midwest Real Estate Data (MRED). All rights reserved.

Last Updated: November 15, 2026 at 01:37AM | Source: Midwest Real Estate Data (MRED) | MLS#: 12654631