Rare Gem in River North: A 1-Bedroom Plus Den in the Sky for $895,000: 55 E. Erie
This 2-bedroom, turned into a 1-bedroom plus den, at 55 E. Erie in River North came on the market in March 2024.
55 E. Erie was built during the housing boom in 2004. It has 194 units and an attached parking garage.
It’s a full amenity building with a 24-hour door staff, a pool, an exercise room and a clubhouse.
The listing calls this unit a “rare gem” that has been “meticulously” designed.
A 2-bedroom turned into a 1-bedroom with den, the listing says it is one of only 4 units like this in the building.
There are hardwood floors throughout except for the primary bedroom, which has carpet.
The living room has a gas fireplace and custom wood built-ins as well as a custom built-in murphy-style dining room table. There is no dining room.
The den, which doesn’t have any door, can be used as a home office, bedroom or sitting room.
It overlooks the private balcony which has panoramic city views.
The kitchen is a “chef’s dream” with wood cabinets and high end appliances including a Subzero refrigerator and a Viking 4-burner gas stove. It also has a seating area that has city views.
The primary bedroom has an en suite bathroom with a dual vanity.
This unit has the features that buyers look for including central air, washer/dryer in the unit and one garage parking space is included.
This building is near the Cathedral District, close to Trader Joe’s and Whole Foods, near shops, restaurants and the Eataly, steps from the temporary Bally’s casino, and minutes from the Mag Mile, including the Starbucks Reserve.
It is near the El and numerous bus routes.
The listing says this is the “first time ever on the market” for this unit.
Listed at $895,000, that’s $210,000 above the 2004 purchase price of $685,500.
Will the unique floor plan make the sale?
Margaret Baczkowski at @properties Christie’s has the listing. See the pictures here. (sorry, no floor plan)
Unit #4201: 2 bedrooms, 2 baths, 1487 square feet
- Sold in April 2004 for $685,500
- Currently listed at $895,000
- Assessments of $1169 a month (includes doorman, cable, clubhouse, exercise room, pool, exterior maintenance, snow removal, Internet)
- Taxes of $16,867
- Central Air
- Washer/dryer in the unit
- Garage parking space included
- Gas fireplace
- Bedroom #1: 17×13
- Bedroom #2/den: 13×11
- Living room: 19×22
- Kitchen: 17×11
- Foyer: 7×9
- Laundry: 3×3
- Balcony: 11×8