Get a Wrap Around Terrace with 360 Degree City Views: 200 W. Grand in River North

200-w-grand

This 4-bedroom penthouse at 200 W. Grand in River North recently came on the market.

The listing says it is a full floor unit, on the 24th floor, and was originally raw space before having a custom build out.

It’s worth noting that it’s not actually on the top floor as unit #2602 is currently on the market as well and it says it is a penthouse.

The kitchen has modern cabinets with luxury stainless steel appliances along with several walls of white subway tile.

The master suite has a spa bathroom with rain and steam shower along with a walk-in closet.

3 of the bedrooms are en suite. The fourth bedroom is currently a theater.

The unit has central air, washer/dryer in the unit and 4 heated garage parking spaces are included.

But the crowning glory of the unit is the 2000 square foot wraparound terrace which the listing says is accessible from every room.

It is landscaped and irrigated with real bushes and trees.

At 4200 square feet and a list price of $3.999 million, that comes in at $952 per square foot.

Will this location and building support that price?

Daly Donellan at Flats has the listing. See the pictures here.

Unit #2401: 4 bedrooms, 3.5 baths, 4200 square feet

  • Sold in April 2005 for $1.465 million (included 4 parking spaces)
  • Sold in January 2009 for $2.050 million (included 4 parking spaces)
  • Currently listed for $3.999 million (includes 4 parking spaces)
  • Assessments of $2900 a month (includes heat, a/c, gas, doorman, exterior maintenance, scavenger, snow removal and Internet)
  • Taxes of $24,393
  • Terrace: 2000 square feet (separate from the 4200 square feet of interior space)
  • Bedroom #1: 16×14
  • Bedroom #2: 14×12
  • Bedroom #3: 12×12
  • Bedroom #4: 14×14
  • Office: 10×10

 

18 Responses to “Get a Wrap Around Terrace with 360 Degree City Views: 200 W. Grand in River North”

  1. How are the taxes so low? Will they double upon resale?

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    Rating: +2 (from 4 votes)
  2. If anyone is dumb enough to pay 4M for this, they probably will double. It’s nice but not 4M nice.

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    Rating: +3 (from 3 votes)
  3. Great space. I like the buildout and really like those terraces. Only issues are price and two other key points as follows.

    1. Not truly a penthouse. People will still Live above you.
    2. This building is not a place I’d expect to pay $4mm. If you love the area I’d rather spend that cash in the contemporaine than in this space. More similarities with neighbors at that price point. At first glance It’s really an ugly building.
    3. Good luck getting your girlfriend, fiancé or female spouse to like this place at first glance.

    The current owner took that “penthouse theme” all the way through to his art collection.
    Yes Sabrina, i know we don’t commment on the art and decorating of a unit but it’s quite unique in this space.

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    Rating: +6 (from 8 votes)
  4. This place is clearly very nice. I used to live right near here and never knew there were units like this in the building. Price per square foot seems very high. I agree that it’s not a true penthouse. Jp3 – I am a woman and I like this place! :)

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    Rating: +2 (from 2 votes)
  5. Most units sell for like 300-350 a sqft in this building so 942 is crack smoke pricing

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    Rating: +1 (from 3 votes)
  6. Nearly $1,000 per square foot seems really pricey for anything besides a top tier building, which this is not.

    Also, those taxes need to triple if they get asking. It shouldn’t just be middle class home owners who have to pay such a large percentage of their home’s value on property taxes.

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    Rating: +1 (from 1 vote)
  7. Just never understood why someone wants a $3-$4 million unit in a building filled with much much cheaper units. It is like having a $3 million house in a neighborhood filled with $400k houses. Makes no sense.

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    Rating: +6 (from 6 votes)
  8. Someone paid top dollar for the interior decoration of this condo. Here’s why it should be fair game to comment on the art and decorating: because if the next owner wants it to look as good as it looks now, they are going to have to also pay top dollar for interior decoration.

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    Rating: +2 (from 2 votes)
  9. Previously (’11) featured in the Trib:

    http://www.chicagotribune.com/lifestyles/home/ct-mag-fall-home-0911-jt-living-20110914-story.html

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    Rating: +2 (from 2 votes)
  10. I was thinking that this owner has a ton of shoes! The article provided the info that the current owner is a commodities trader in his early 30’s. That explains it. Nice space, but too pricey for what you are getting. Looks like the seller spent a lot of money on interior design and overspending to get the unit to fit his specific tastes.

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  11. I’m comforted by the micro location.

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    Rating: +1 (from 1 vote)
  12. “I’m comforted by the micro location.”

    I wonder if he is a hobbyist chef (like Ze) or if that kitchen has only ever been used by a chef he hires.

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    Rating: +1 (from 1 vote)
  13. Jan Terri just won the powerball and still won’t pay for this place. But the band practice space is decent…
    GO CUBBIES!!! LOLZ

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    Rating: +2 (from 4 votes)
  14. Homie is dreamin’. He should take any offer that starts with a 3.

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    Rating: 0 (from 2 votes)
  15. I think this place is pretty awesome. Also, huge, nice views, and pretty solid location. Downside, as said above, is nobody wants a 4 million dollar house in a building full of 400k units…Makes no sense to me.

    Could probably take 4 mil and get an incredible place in just about any building in the city.

    I think this will not sell over 2.5.

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    Rating: +8 (from 10 votes)
  16. the subway tile just looks stupid in the place. the condo is decked out really modern then you go ahead and fill your kitchen up with subway tile that has more of a traditional look. sure, it’s used everywhere today, but it just doesn’t work here.

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    Rating: +2 (from 2 votes)
  17. The deck is great for use 75 days of the year in Chicago. I just wouldn’t pay for all that in Chicago.

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    Rating: -3 (from 9 votes)
  18. Haaaa…..family of four. If they have teenage sons they will not have any trouble getting that boys friends to come over to the house.

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    Rating: 0 (from 2 votes)

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