Archive for the '340 on the Park' Category

340 On the Park 1-Bedroom Duplex Returns: 340 E. Randolph in Lakeshore East

This 1-bedroom duplex at 340 E. Randolph, in 340 On the Park, in Lakeshore East, boosts not just one south facing terrace but two.
You can wake up with your views of the lake and Millennium Park and you can have after work drinks off your living room doing the same.
This is no small duplex, as the listing […]

Less Sizzle in 340 On the Park in Lakeshore East?

Units continue to sell in 340 On the Park, the hugely successful building at 340 E. Randolph in Lakeshore East.
According to public records, 3 units have closed so far in 2009.
But there appears to be a growing disconnect between the north facing side of the building and the south side- which overlooks Millennium Park. Additionally, market […]

The Sizzle is Still On at 340 On the Park in Lakeshore East

Not everything is doom and gloom out there.
Remember the $720,000 south-facing 1-bedroom re-sale that was on the market at 340 On the Park in Lakeshore East in September?

It went under contract after only 21 days and has now sold.
 

Here’s its history:
Unit #1107: 1 bedroom, 1.5 baths, 1186 square feet

Sold in September 2007 for $649,000 (included […]

Selling One Year Later: 340 On the Park in Lakeshore East

We’ve seen a bunch of flippers trying to sell in the last year in 340 On the Park,  at 340 E. Randolph, in Lakeshore East.

But what is the market for selling one year after the building started closing?
Given that a high floor south-facing 1-bedroom sold in the $700,000s just a few weeks ago, is there now a […]

Flipper Alert: 1-Bedroom Closes in 340 On the Park

 
The north facing 1-bedroom unit we’ve been chattering about, Unit #406, in 340 On the Park, has finally closed.
Apparently, there is a big difference in pricing between the north facing one bedrooms and the south (or park) facing one bedrooms.

Here’s the history of Unit #406:
Unit #406: 1 bedroom, 1.5 baths, 1081 square feet

Sold in July 2007 for […]

Flipper Alert: $49K Price Reduction in 340 On the Park

We last chattered about this one bedroom unit at 340 On the Park, at 340 E. Randolph, in Lakeshore East in early June.

At that time, it had recently been reduced.
It has now been reduced another $49,000.
By just square footage- that would make this unit a much better “deal” than in any of the other newer […]

Flipper Alert: How Long Can Flippers Hang On? 340 On the Park

340 On the Park, at 340 E. Randolph, in Lakeshore East, has been one of the more successful new construction high rises for flippers in the last year.

Unlike many other highrises, some flippers have actually flipped their units for decent profit in 340 OTP.
But not all have successfully sold. Many investors opted to rent out their units and wait for […]

Flipper Alert: Flips and Rentals in 340 On the Park

I haven’t chattered about 340 On the Park, at 340 E. Randolph, in Lakeshore East for awhile.

Current stats on the building (out of 344 units):

18 for sale
10 for rent

Thanks to the tipster who sent me the sales information about this building.  It’s massive and hard to track.
Stats on flips and rentals:

12 units flipped (from what […]

Flipper Alert: One Bedroom Flip Closes in 340 On the Park

We’ve chattered endlessly about 340 on the Park in Lakeshore East.

Another flipped unit has closed. (Thanks to the Tipster who sent me the closing information.) I chattered about this unit in January 2008.

Unit #307: 1 bedroom, 1.5 baths, 1186 square feet

Sold in July 2007 for $415,000
Originally re-listed for $725,000 in July 2007 (don’t know if that […]

Darn Fine Rentals: 340 On The Park

We’ve been chattering about renting instead of buying. And why not? There are plenty of lovely rentals in all of the new buildings.
340 On the Park, at 340 E. Randolph, near Millennium Park seems especially popular as the rents are cheaper than what it would cost to buy the same unit.

This one bedroom rental especially […]