More Re-Sales at Pearson on the Park
Pearson on the Park, the recent apartment building conversion at 222 E Pearson was a very successful conversion on a quiet and sought after street in Streeterville/Gold Coast near Northwestern University’s Law School.
The developer is still trying to sell a handful of 2 bedroom, 1 bath units, but otherwise most of the building is sold out.
Several of the larger three bedroom units have recently come onto the market. Flippers or change in life circumstances? Either way- they’re looking to make quite a bit of appreciation in only a short period of time.
Unit #2402: 3 bedroom, 2 bath
- Currently listed for $629,000 plus $39,000 for parking
- Sold in July 2006 for $516,000
- Assessments of $781 a month
- Washer/Dryer in the unit
- Pictures above are of Unit #2402
- Koenig & Strey has the listing
Unit #2101: 3 bedroom, 2 bath
- Currently listed for $597,900 with parking included in the price
- Sold in May 2007 for $498,000
- Listing says $15,000 in upgrades plus 2 storage units included
- Dream Town Realty has the listing
2 Comments
Leave a Reply
Stay Updated!
- helmethofer on Market Conditions: The Chicago Luxury Market is Hot, But Are Prices?
- CH on Market Conditions: The Chicago Luxury Market is Hot, But Are Prices?
- Jp3chicago on Contemporaine Penthouse With Japanese Gardens Finally Sells 6 Years Later: 201 W. Grand in River North
- Jp3chicago on Contemporaine Penthouse With Japanese Gardens Finally Sells 6 Years Later: 201 W. Grand in River North
- homedelete on Market Conditions: The Chicago Luxury Market is Hot, But Are Prices?
- roma on Forget the Townhouse, Buy a Coach House With No HOAs Instead: 3042 N. Wolcott in North Center
- oilc on Contemporaine Penthouse With Japanese Gardens Finally Sells 6 Years Later: 201 W. Grand in River North
- jp3chicago on Contemporaine Penthouse With Japanese Gardens Finally Sells 6 Years Later: 201 W. Grand in River North
- JAH on Market Conditions: The Chicago Luxury Market is Hot, But Are Prices?
- homedelete on Market Conditions: The Chicago Luxury Market is Hot, But Are Prices?
- Market Conditions: The Chicago Luxury Market is Hot, But Are Prices?
- Contemporaine Penthouse With Japanese Gardens Finally Sells 6 Years Later: 201 W. Grand in River North
- Forget the Townhouse, Buy a Coach House With No HOAs Instead: 3042 N. Wolcott in North Center
- We Love Kitchens With Country Sinks in Gaslight Court: 1407.5 N. Wells in Old Town
- This 3-Bedroom French Normandy is the Most Expensive House For Sale in Galewood: 1901 N. Newcastle
- This Stately 3-Bedroom Georgian Reduces $174,100 in Sauganash: 6244 N. Kirkwood
- Looking For An Affordable Streeterville Penthouse? Check Out This 3-Bedroom At 211 E. Ohio
- Beaux Arts Beauty Across From Lincoln Park Reduces Another $350K: 2344 N. Lincoln Park West
- Market Conditions: Prices Back to 2005, or Nearly Peak Levels in "Core Locations"
- Get a 3-Bedroom English Tudor in Forest Glen For Under $380,000: 4852 W. Catalpa
Has Pearson on the Park been successful in their flips? I notice several units are off the market–but I wonder if they were rented, or sold? I was amazed at the prices people were asking for these units–more per square foot than some new construction a couple blocks away, and with higher assessments and valet parking. I would be interested in a 3BR/2BA like those above, but at LESS than the buyers initially paid, not MORE.
I was just told by a friend who owns there that developers only have 2 more units to sell before they turn ownership of the building over to the residents. I know you said, Sabrina, that this conversion was virtually sold out–but I haven’t gotten that sense.
Pingback: Market Conditions: Bank Files for Foreclosure On Pearson on the Park: 222 E. Pearson