This 26 foot covered boat slip in River City Marina at 800 S. Wells in the South Loop came on the market in June 2015.
According to the listing, this is a rare opportunity to get a covered slip.
River City Marina is bubbled to prevent freezing meaning you can keep your boat there year round.
It has a security gate and a 24/7 security camera so you can even check on your boat while on vacation.
Water and electric are included in the assessments – but those aren’t listed in the listing.
There are two other River City Marina boat slips currently on the market:
- #M-39: 27.96 feet for $48,000
- #M-13: 31.94 feet, an outside space, for $69,900
Big development is apparently coming to the Chicago River in this neighborhood, supposedly both north and south of River City. There are plans for 5 new high rises, with 2700 units, on just the north parcel alone.
From Crain’s in June 2015:
The joint venture between Chicago developer CMK and Australian construction company Lend Lease Group has submitted plans with the city for the 7.3-acre riverside parcel between Harrison Street and the River City condominium complex. The largest building, on the north end of the site, would rise 47 stories and include 626 units.
Is a boat slip at River City Marina a smart investment with development about to explode?
Vasili Korovilas at Charles Rutenberg Realty has the listing. See the pictures here.
Unit M-35: 26 foot covered boat slip at River City Marina
- Sold in June 2007 for $38,000 according to Redfin
- Originally listed in June 2015 for $44,000
- Currently listed for $39,000
- Assessments ???
- Taxes are $480 a year
- Year round occupancy