This two-bedroom in The Columbian at 1160 S. Michigan in the South Loop came on the market in February 2014.
It’s a northwest corner unit with floor-to-ceiling windows.
The kitchen has granite counter tops and stainless steel appliances along with wood cabinets.
The master bathroom is marble with an upgraded walk-in shower.
The Columbian, with 220 units, was finished just as the housing bubble was bursting. Many buyers got caught in the decline in the market.
We’ve chattered about the foreclosures/short sales in The Columbian over the years.
This unit last sold in 2007.
7 years later, it has come back on the market and is now listed for about $100,000 under the 2007 price.
Are the buildings that came on the market at the height of the boom, those that will take the longest to recover?
Stephanie Derderian at KoenigRubloff has the listing. See the pictures here.
Unit #3803: 2 bedrooms, 2 baths, 1511 square feet
- Sold in September 2007 for $587,500
- Originally listed in February 2014 for $518,000
- Currently listed at $487,000 (parking is $35,000 extra)
- Assessments of $599 a month (includes doorman, central air, gas, cable)
- Taxes of $6815
- Central Air
- Washer/Dryer in the unit
- Bedroom #1: 13×20
- Bedroom #2: 12×13