Has the Park Tower Lost Its Cachet? A 3-Bedroom at 800 N. Michigan in the Gold Coast

800 n michigan

This 3-bedroom in the Park Tower at 800 N. Michigan in the Gold Coast just came on the market in January 2016.

But it has been on and off the market since February 2014.

It looks like it’s now bank owned.

On the 24th floor, it has south, east and west views and has a balcony.

The listing says there’s a “huge chef kitchen” with black granite counter tops.

2 bedrooms are ensuite and the master bedroom is huge, at 15×30.

From the pictures, it appears that the bathrooms are still intact.

It has central air, washer/dryer in the unit and 1-car garage parking.

The Park Tower was built in 2000 and has 117 units.

For years, it has been considered one of the premier luxury buildings in the city but in the last 16 years many new buildings have been built.

There are 9 units currently on the market, with one of those pending.

Has Park Tower lost some cachet or is it still the go-to building in the city?

Victoria Perryman at Coldwell Banker has the listing. See the pictures here.

Unit #2402: 3 bedrooms, 3.5 baths, 3024 square feet

  • Sold in September 2001 for $1,188,000
  • Lis pendens foreclosure filed in June 2010
  • Foreclosure auction in September 2015
  • Currently listed for $2.6 million
  • Assessments of $1696 a month (includes heat, a/c, doorman, cable, exterior, lawn care, scavenger, snow removal)
  • Taxes of $36,780
  • Central Air
  • Washer/dryer in the unit
  • 1-car parking included
  • Bedroom #1: 15×30
  • Bedroom #2: 14×16
  • Bedroom #3 (currently used as an office): 12×16
  • Family room: 13×15

 

 

 

 

10 Responses to “Has the Park Tower Lost Its Cachet? A 3-Bedroom at 800 N. Michigan in the Gold Coast”

  1. Yeah, but when George Lucas wanted a condo in Chicago….the Park Tower did get the highest priced condo sale last year.

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    Rating: +5 (from 5 votes)
  2. What was the park tower storing in its cache?

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    Rating: +9 (from 9 votes)
  3. Love the first two sentences in the listing…

    “Imagine turning this residence into a gem. The platform has been set, so just bring your decorating ideas. ”

    huh? you’d think for $860 a sqft it would be a ‘gem’ already, no?

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    Rating: +14 (from 14 votes)
  4. Its called polishing a turd

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  5. Pretty nice, but for that price it’d better include semi-weekly guaranteed front window seating at Nomi

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    Rating: +6 (from 6 votes)
  6. Might not have lost its “cache” but the fact is hat it’s gonna take a heck of a lot of “cashe” to afford that place. Change out those black countertops and it could be quite nice. Really like the terrace as well.

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  7. The correct spelling of what Sabrina means is “cachet”

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    Rating: +4 (from 4 votes)
  8. $866 per sf is not bargain-pricing. I love this building’s location, vis-a-vis all its competition, because it’s right on Chicago Ave. on the west side of Michigan Ave., so you can pull out of the garage and get going in a car across Chicago. Otherwise, if you’re stuck in Streeterville, it’s like being in a golden prison.

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    Rating: -2 (from 8 votes)
  9. “The correct spelling of what Sabrina means is “cachet””

    Sorry- it was late last night and I didn’t notice the mistake. It’s corrected. Thanks to everyone for pointing it out.

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    Rating: +3 (from 3 votes)
  10. Actually very easy to jump on lake shore, close to 94 and the loop. Location is pretty central and easy access to high speed cordidors. I can tell you with experience that while the Museum of Science and Industry is 9 miles away, it’s only a 15 minute drive at 8AM.

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