$330,000 for a South Loop Two-Bedroom: If You Want It, Go Now

With lake views, a balcony, walk-in closet, and a nice price tag, this one won’t last.

The condo’s living room   Photo: Courtesy of Eugene Fu

List Price: $330,000
The Property: What do you want to be near? Grant Park, Michigan Avenue, the Auditorium, downtown colleges and universities, the Eisenhower? And you want lake views, too?

Okay, here’s a two-bedroom South Loop condo that’s walking distance to all that and a lot more, and it’s priced well.

The condo has an open-plan main room, hardwood floors, a master bath with double vanity and separate tub and shower, and a walk-in closet in the master bedroom. There’s an east-facing balcony, with views not only toward Lake Michigan but up Wabash Avenue to such urban treats as Roosevelt University’s zigzagging highrise.

“My clients have already purchased something else in the suburbs and they want to get this done by year-end,” says listing agent Eugene Fu of @Properties. On top of pricing it competitively, he says, they bought and installed new stainless steel appliances to prep the home for sale.

The sellers paid $309,000 for the unit in 2008, according to the Cook County Recorder of Deeds. They’re asking for just under seven percent more than they paid. Prices in the building seem to be there: This tenth-floor unit sold for $340,000 in June. It’s slightly bigger than today’s listing, so if you go only by square footage, it looks like a better deal (it sold at $261 a square foot. vs. today’s asking price of $274 a foot) but that one is on the northwest side of the building with city views, while this one has lake views. A 16th-floor two-bedroom with lake views sold in August for $355,000, or $271 a square foot.

Since it went on the market last week, a few people have taken second looks and Fu believes an offer might come in soon. So go look at it soon if you’re interested.

And while you’re in the neighborhood, check out the striking new Jones High School a block away on State Street.

Listing Agent: Eugene Fu of @Properties, 312-804-3738 and eugenefu@atproperties.com

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8 months ago
Posted by AreUKidding

A bargain would have been buying this place 8 months ago, when it would have sold BELOW the 2008 purchase price. This place is not a bargain at all. The views of the slivers of the lake and looking north up Wabash Ave. are far from grand.

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