Live In A Boutique Building In River North Instead Of A High Rise: 319 W. Erie

This 2-bedroom in 319 W. Erie in River North has been on the market since July 2012.

The 7-unit boutique building was built in 1888 and was converted into condos in 2006.

This unit has 2296 square feet in an open floor plan and is a half floor unit.

It has Snaidero cabinets in the kitchen with luxury appliances such as SubZero.

There is wenge millwork and custom lacquer built-ins.

The unit has central air, washer/dryer in the unit and 2-car parking.

What’s the market for boutique versus views in River North?

Todd Siegel at MLS Connect has the listing. It is broker owned. See the pictures here.

Unit #1W: 2 bedrooms, 2.5 baths, 2296 square feet, 2 car parking

  • Sold in August 2006 for $950,000
  • Originally listed in July 2012 for $1.379 million
  • Currently still listed at $1.379 million
  • Assessments of $803 a month
  • Taxes of $5110
  • Central Air
  • Washer/Dryer in the unit
  • Bedroom #1: 15×14 (listing says second floor)
  • Bedroom #2: 11×12 (main floor)
  • Office: 14×11 (main floor)

22 Responses to “Live In A Boutique Building In River North Instead Of A High Rise: 319 W. Erie”

  1. this building is pretty cool looking from the street. nice that it has survived the wrecking ball.

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  2. I eye-f*ck the sh!t out of this building every time I sip margaritas across the street at Patron’s. The top floor on the west half of the building appears to have 2 awesome outdoor spaces that I would kill to live in. Sadly, I will probably never have the means.

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    Rating: +5 (from 5 votes)
  3. “Rare and Spectacular!”

    that says it all. seemed way high price before i opened the listing. disappointed there’s not more pics but this place is great.

    definitely has a $1MM+ feel to it of that there is no question.

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  4. “I eye-f*ck the sh!t out of this building every time I sip margaritas across the street at Patron’s.”

    Real estate porn indeed.

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  5. found lot more pics here

    http://www.redfin.com/IL/Chicago/319-W-Erie-St-60654/home/13112402

    this is one hell of a bachelor pad.

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  6. Unit 4 might be my dream home: http://cribchatter.com/?p=9511

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  7. Yeah this place is baller as hell the only negative it has is the Patrons right across the street and Spy Bar to the west make a ton of noise on the weekends, I’m sure the bedrooms are way in the back though so its not a big deal.

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  8. Nice to see a condo where the $$ actually went to quality finishes instead of a greedy developer’s pockets. Beautiful unit.

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    Rating: +4 (from 4 votes)
  9. “Unit 4 might be my dream home”

    And 18 months ago, you could have had it for *less* than this one.

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  10. They certainly don’t build’em like they used to.

    http://webapps.cityofchicago.org/landmarksweb/web/photodetails.htm?phoId=4774

    Assumption School was built in 1899 by Assumption Church and was an important educational institution in Chicago’s earliest Italian immigrant community on the Near North Side. The school was founded by Mother Francis Xavier Cabrini (1850-1917), a nationally significant figure in the history of education, health care and social welfare and the first American to be canonized by the Roman Catholic Church. The school is the most intact building associated with her numerous charitable undertakings in the city. Designed in the Beaux Arts style by architect Frederick Foltz (1843-1916), the school is a distinctive example of a late-nineteenth century urban school building. The Assumption School Building is distinguished by its fine brick- and stonework, exuberant classically-inspired ornament and ornate copper cornice.

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  11. Come on dan you haven’t ripped on the location yet, say its a no mans land already!

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  12. Anyone know about El noise here? That is a lot to spend on a 2BR if you can hear the El. Also – is parking indoor or outdoor? I think the penthouse at 510 W Erie is a much better deal but you won’t have the vintage exterior.

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  13. They went from FSBO to a flat fee discount broker. Seems a little odd for a million dollar property. Perhaps they’re in some type of financial distress.

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  14. I’d rather have this one also:

    http://www.redfin.com/IL/Chicago/201-W-Grand-Ave-60654/unit-7/home/12648696

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  15. Sonies – That was me who called the place on Superior no-man’s land. This is a little better – farther from Chicago Ave but I don’t like the proximity to the El tracks or being very close to the bars. And when I say no-man’s land I mean relative to other (ie better IMO) parts of RN. I don’t think this is worth anywhere near $600 / sqr foot. I would say $400 area = $920k.

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  16. “Anyone know about El noise here? That is a lot to spend on a 2BR if you can hear the El”

    This one is basically in the parking lot of the office building next door. You might hear the el a bit, in reflection, with windows open, but cannot imagine it is audible with windows closed.

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  17. This place looks great.

    “They went from FSBO to a flat fee discount broker. Seems a little odd for a million dollar property. Perhaps they’re in some type of financial distress.”

    The redfin listing says Broker Owned so it’s probably a hobby agent with no affiliation to a brokerage right now.

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  18. The square from Grand to Chicago, Orleans to LaSalle is the “no-mans land” River North and this sits within in it, for sure. If you’re south of Ohio/Ontario, then you have escaped no-man’s land (i.e. where Assumption Church, Gene & Georgetti, EnV, etc.) because at that point you pick up the Merch Mart and river vibe which is cool.

    It’s priced at $600 psf and it’s in no-mans land. Therefore, one could possibly buy another condo with 2,300 sf in a better location, and trick it out exactly like this place, and be under $500 psf, and maybe get a view too? This place has the building facade, landmark history, and the open-floor plan going for it. Question is, could you buy and then hire a similar interior design firm and be substantially under this price psf?

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  19. meant buy elsewhere in RN at $300 psf…hire designer, and be around $500 psf to copy this place. Doable? (you probably cannot buy many places that offer the ceiling heights the subject does however)

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  20. I think you have to be crazy to live on the 7th or 4th floor of a building on a busy street. You really want to suck down car fumes 24/7 and hear the ambulances drive through your living rooms every 4 hours? crazy.

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  21. All irrelevant comments. No one with a functioning brain pays over a million dollars for a condo with NO DOORMAN regardless of the unit’s finishes.

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  22. Those assessments are nice and low — not sure what that means for the reserves, but that’s a great consequence of not having a doorman. Plus the whole doorman vibe generally seems pretty douchey, though it’s nice that your UPS/FedEx packages actually arrive safely.

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