Looking for Glass and Steel and 4-Bedrooms in River North? 747 N. Clark

747 n clark

This 4-bedroom in the modern boutique building at 747 N. Clark in River North came on the market in September 2015.

Constructed in 2013, after the housing bust, it has just 6 units.

Made of steel and glass, it has an extra wide interior that is 38 feet.

There is a private elevator into the unit and two balconies.

It has all the features buyers look for in “new” contemporary design construction including 10-foot floor-to-ceiling windows.

The kitchen has rustic modern Zecchinon cabinets, and luxury appliances and fixtures by Wolf, Subzero, Bosch and Gaggenau along with Ann Sacks tile.

The island is 10 feet long.

The bathrooms have Italian porcelain tile.

There’s garage parking, central air and washer/dryer in the unit.

4-bedrooms are rare in River North.

Yet, this unit has been on and off the market since last September.

Why isn’t this selling?

KC Lau at @Properties has the listing. See the pictures here.

Unit #601: 4 bedrooms, 3 baths, 2580 square feet

  • Sold in March 2014 for $1.314 million (doesn’t appear to include the parking spot)
  • Originally listed in September 2015 for $1.7 million (not sure if this included the parking)
  • Reduced (?)
  • Currently listed at $1.65 million (plus $50,000 for parking = $1.7 million)
  • Assessments of $741 a month (includes exterior maintenance, scavenger and snow removal)
  • Taxes of $18,825
  • Central Air
  • Washer/Dryer in the unit
  • Bedroom #1: 15×14
  • Bedroom #2: 15×13
  • Bedroom #3: 15×11
  • Bedroom #4: 12×10

9 Responses to “Looking for Glass and Steel and 4-Bedrooms in River North? 747 N. Clark”

  1. Does anyone remember how this building sat half built, empty, for a few years during the bust years?

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    Rating: +3 (from 9 votes)
  2. Nice enough unit but $1.7 million for that block on Clark St (or pretty much any block on Clark) is too much. You’re also going to lose some view and gain a lot of congestion when the Holy Name parking lot gets developed.

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    Rating: +2 (from 4 votes)
  3. Iirc there’s a great story behind why it sat half built. The original developer was an immigrant from China whose equity came from a winning IL lottery ticket. But he spent some or much of his construction loan proceeds at casinos, believing his winning streak would continue. His lender, which specializes in lending to immigrants from Asia, shut off draws from the loan but didn’t rush to foreclose him out & take title. While many expressed interest in taking over this project the lender didn’t want to talk with anyone they didn’t already know. Iirc Ranquist finsihed this project successfullyu.

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    Rating: +11 (from 13 votes)
  4. I love these condos but 1.7 million is a lot of money and can buy a lot of house here in Chicago, the location on clark is HOT HOT HOT though

    I have those exact same kitchen cabinets and handles as this unit which is a fun lil fact

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    Rating: 0 (from 6 votes)
  5. The whole back of the apartment looks at a parking lot – gross.

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    Rating: +3 (from 7 votes)
  6. To clarify for those that don’t live in the neighborhood – the side and balcony of the apartment hangs directly over a busy parking lot. The back of the building is a gross alley. I’ve been in this building and you get considerable street noise from Clark. I acknowledge it’s a beautiful unit but 6th floor backed up against a parking lot and alley, even in river north – no thanks for 1.7 mil.

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    Rating: +8 (from 10 votes)
  7. Isn’t the 6th floor unit, the PENTHOUSE? lol

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    Rating: +1 (from 1 vote)
  8. no there is a unit above it with a terrace, that is smaller (indoor space wise)

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  9. I think part of the problem here, in addition to the issues already commented on is the fact that this place seems to be missing a bunch of doors. No door from the master bedroom to the master bath is a big no-no for me. I don’t need to hear my significant other on the toilet while I’m in bed. There also doesn’t look to be a door into the front room off the living room that they are using as a family room. This is fine if it is a family room, but they are calling this a four bedroom, which would mean that is a bedroom, and for a bedroom in my mind, it needs a door. Trying to make a 3-bedroom with a family room into a 4-bedroom I think is cheesy, especially at this price point.

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