The Case Study Penthouse With Private Roof Deck Lists for $2.5 Million: 156 W. Superior in River North
The 2-bedroom penthouse in Case Study, the modern mid-rise at 156 W. Superior in River North, recently came on the market for the first time since it was originally purchased in 2006.
This is a “true” penthouse with a stainless steel staircase to a private roof top deck with city views.
The unit has 14 foot ceilings, floor to ceiling windows and concrete floors.
The kitchen has white Archlinea cabinets and stainless steel appliances.
All the living space appears to be on the main floor, including the 2 bedrooms.
Built in 2006, the 11-unit building has no doorman. The elevator is keyed directly to this unit.
It has central air, washer/dryer in the unit and 2-car parking.
We’ve seen that the bigger 3-bedroom units have been strong sellers this year. There is no square footage listed with this unit.
Will only having 2-bedrooms, and not 3, impact resale of this unit?
Robert John Anderson at Baird & Warner has the listing. See the pictures here.
Unit #PH: 2 bedrooms, 2 baths, no square footage listed, 2 car garage
- Sold in August 2006 for $1.635 million
- Currently listed for $2.5 million
- Assessments of $639 a month (includes cable)
- Taxes of $21607
- Central Air
- Washer/Dryer in the unit
- Private rooftop deck
- Bedroom #1: 23×13 (main level)
- Bedroom #2: 19×16 (main level)
smart seller, the wonderful southern view might be blocked soon as there is talk of a mid rise going up just south of this
I like the zen garden place that went for $2.4mm better than this but some people might prefer this given less maintenance for the roof deck. I think the price is insane but the zen place that sold says I’m probably wrong (it was 2/2.5). Photos are great – good job by the realtor. Also – sonnies will probably disagree w/ me but I don’t really like this location across from the HoJo’s and around the corner from the homeless shelter.
I get it (I guess) but the lead exterior pic is weird.
There’s no way that interior is 2500 sq ft so they are asking for over $1,000 a sq ft for indoor space? Good luck! Remember that the zen garden condo has a doorman, exercise room, onsite management, etc… It’s a beautiful place with an unrealistic price.
Seems high priced, but looks like an awesome unit.
yoss, I don’t really like the location either, and agree that its too close to some not so great elements.
Wells street however is starting to boom and its only a matter of time before that POS hojo is gone with the building of the mid rise just south of it and all the restaurant development going on on wells there.
Getting rid of the god damn Catholic charities homeless shelter is another story…
Cool place, but I don’t think it’s worth $900k more than they paid at the height of the bubble. For the price, I would want more of a luxury feel from a building – such as a doorman.
I’ve also wondered, in buildings where the elevator opens directly into your unit, if someone from a higher floor is already on the elevator going down, will the elevator still pick you up if you’re also going down?
I went to see a unit in a building where the elevator stopped directly in the unit and the realtor tried to convince me that there was no way a stranger could get into the unit from the elevator, but I found that hard to believe. What if you’re riding up with a creeper and he decides to get out with you…
“the realtor tried to convince me that there was no way a stranger could get into the unit from the elevator, but I found that hard to believe. What if you’re riding up with a creeper and he decides to get out with you”
I’ve posed this before, and don’t think there’s been a satisfactory hypothesis apart from “don’t get on the elevator with anyone you don’t know”. Which I deem unsatisfactory.
“I’ve posed this before, and don’t think there’s been a satisfactory hypothesis apart from “don’t get on the elevator with anyone you don’t know”. Which I deem unsatisfactory.”
When they got to my apartment my dog would be there waiting to see who is in the elevator with Daddy… That’s where the fun would begin…
years ago a realtor told me: “We knew housing was going to collapse [because] buyers were receiving checks at closing.”
Case in point: this unit, 901, closed Sept 06 for $1.635m, bought with two mortgages (300k + 1.448m) totaling $1.75 million — the extra presumably for build out.
consider unit 801, one *whole* floor below: it,traded the first time June 06 for $1.57m (65k less than 901), then again (the owner sold to his son) May 07 for $1.73m, then traded a third time (also to a lucky spermclub member) Dec 2012 for $1.52mm.
901’s owner doesn’t appear to have paid down much of his 1.7m in mortgages. Hopefully it won’t sell for less than that.
As far as the unit, I love anything done by Miller Hull. Cool space, great views, but living room furniture/vibe looks like a hotel lobby. Price is a bit steep.
“I’ve also wondered, in buildings where the elevator opens directly into your unit, if someone from a higher floor is already on the elevator going down, will the elevator still pick you up if you’re also going down?
I went to see a unit in a building where the elevator stopped directly in the unit and the realtor tried to convince me that there was no way a stranger could get into the unit from the elevator, but I found that hard to believe. What if you’re riding up with a creeper and he decides to get out with you…”
What is the the caliber of the unit? Are we talking about one of the penthouse units at 800 Michigan? Are you nervous that Ken Griffin might harm you on the way to your penthouse?
“What is the the caliber of the unit? Are we talking about one of the penthouse units at 800 Michigan? Are you nervous that Ken Griffin might harm you on the way to your penthouse?”
This is the same as ‘don’t get on the elevator with anyone you don’t know’.
And, it is of course different in a building with a doorman.
This needs to be a three bedroom (three beds w/ private baths) with a doorman to command this price. Probably needs better view protection too….
“Probably needs better view protection too….”
I’ve always wondered about the HoJo. It’s the last remnant in the neighborhood of the bygone era when River North was empty warehouses and liquor stores. Obviously the land is insanely valuable. I wonder why they didn’t sell in 2005-2006?
The unit in question was a really cool loft in the South Loop. They were asking $400k. There was also no doorman.
At the very least the building needs a doorman if the elevator opens directly in the units. Even that won’t offer full protection though since even wealthy people have not-so-wealthy workmen and what not come to their houses.
“At the very least the building needs a doorman if the elevator opens directly in the units. Even that won’t offer full protection though since even wealthy people have not-so-wealthy workmen and what not come to their houses.”
Only the penthouse opens directly in the unit.
“I wonder why they didn’t sell in 2005-2006?”
I wonder why they didn’t sell when their neighbors were selling lots too.
according to this rendering, the HOJO stays… thing is, i literally NEVER see people in the hojo, but there are a few cars in the lot
http://chicago.curbed.com/archives/2013/03/18/designs-for-two-apartment-projects-that-share-a-developer-2.php
Jenny,
Yes, the elevator will open on your floor if you call it and it’s already on the way down with a passenger (this is how it works with my elevator). Also, how many of these elevator buildings work is that they require a fob / key to release the elevator door at the ground floor, to prevent a creeper from hanging out inside the elevator until it’s called. And most of these elevator into unit buildings have minimal units, so you’ll know if someone belongs in the elevator or not. I know my 7 neighbors so I’d quickly recognize someone who shouldn’t be there… and I’d just wait to take the next elevator. Or take the stairs if I was that concerned.
“Yes, the elevator will open on your floor if you call it and it’s already on the way down with a passenger (this is how it works with my elevator).”
Depends on the elevator. The old style electric that were around forever (the ones that make all the clicking noises at the elevators command) you are much more limited in what you can do but I would not be surprised if you could disable “accept all other calls once Floor X is called – I am actually going to ask about this.” Of course I would not be surprised if you couldn’t. I do know you can have it bypass all floors in either up or down (thus, once you are in, if you are Penthouse, you most certainly can descend uninterrupted.)
With the new computerized command centers you most certainly can program in a rule as simple as that.
Realtors take note. This is what a penthouse should look like! They are very nice finishes and with the view from the windows, internal stairs to the roof, and that roof deck it meets all requirements to be called a true PENTHOUSE.
Seems a bit high on price but someone will love living here.
Badly overpriced and this building is simply an eyesore at ground level. Nice photos though.
oops, goofed up on my email address and ended up in moderation, so I’m posting this again.
Saw the giant inflatable rat (Scabby!) in Huffpo and thought of Cribchatter:
George Koukos Stabs ‘Scabby,’ The Teamsters’ Giant Inflatable Rat Used During Union Protests (PHOTO)
http://www.huffingtonpost.com/2013/07/12/george-koukos-stabs-scabb_n_3588753.html?utm_hp_ref=chicago
(oh, the humanity!)
LMAO! I saw that rat on my way to work on Friday I think
that is a hilarious article
[jenny] – “I’ve also wondered, in buildings where the elevator opens directly into your unit, if someone from a higher floor is already on the elevator going down, will the elevator still pick you up if you’re also going down?
…What if you’re riding up with a creeper and he decides to get out with you…”
I have no idea the specifics with 156 Superior (except that you dont have a neighbor above you, and the PH is the only unit where the elevator opens directly into the unit) but I have lived in two such buildings and yes, it will stop on the way down.
First off, why would you get into the elevator with a creeper from the lobby, and secondly, what kind of scary folks do you think you would be sharing your ultra high end mid rise building with?
Anyone else see the NYT article about homeownership and happiness?
http://www.nytimes.com/2013/07/14/realestate/homeownership-the-key-to-happiness.html?pagewanted=all&_r=0
Fascinating.
Really- what makes us happy is moving from place to place (whether it is owning or renting) because you’re in somewhere “new” and you get a natural high- which then wears off in a few years. I’ve seen this with some people. They get bored once they’ve lived in a place a few years.
Also interesting that it’s not the property that makes us happy- but the conveniences it affords. It gives an example of a home with a dishwasher versus one without- as that saves the homeowner time if it has one. That also must be true of location (decent commuting time matters more) and things like air conditioning.
Well I could see why spending a fuckton of dough on a place in NYC might make one miserable, not sure exactly what that has to do with Chicago real estate where people place different utility on different things.
But the article states “say that people are happier when they spend money on experiences instead of material goods, ”
which is pretty DUH if you ask me. One can’t really afford to have too many experiences if they are forking out tons of money for their main hime The survey was conducted in Ohio where they are average americans that buy to keep up with the Joneses.
Very few people just buy a place that has everything they need and nothing more. Which usually leads to them having very little disposeable income to spend on experiences, so trade down and have some fun!
http://twistedsifter.com/2013/04/clock-tower-penthouse-dumbo-brooklyn-new-york/
Very nice place in link……… wonder if the owner worries about Jenny’s creepers?
Olic.. now i look at pic 4 and think of you walking up those stairs in a mini… 😉
I’d say something more serious but someone already -1 me on explaining how elevators operate… Guess Ze is only wanted here for stupid humor (which without Bob and Dan and Groove to feed off of is hard..as well as having the two for the Costanza theory.. i.e, see HH call on June 20-21 about market crapping out)