This 2-bedroom in The Sterling at 345 N. LaSalle in River North just came on the market.
The Sterling is a 389 unit building which was built originally as apartments and then converted into condos at the peak of the boom in 2007.
In many units, kitchens and baths were left unchanged from the apartment finishes.
A lot of investors bought in the building originally.
We have chattered extensively over the years about the foreclosures in the building. You can see one of the posts here.
This unit faces south and east on the curve and has had some upgrades.
The listing says it has new hardwood floors and stainless steel appliances.
The kitchen has granite counter tops and white cabinets. The listing doesn’t say the cabinets are new, so, apparently, those just must be painted.
The bathrooms appear to be original with white tile and vanities.
The listing says there’s a new washer/dryer.
The Sterling is a full amenity building with a doorman, an outdoor pool, and an exercise room.
There is no deeded parking but there is an attached garage where spaces can be rented for around $300 a month.
At $459,900, it is the most expensive unit listed in the building. However, the 2/2 directly under it, Unit #2006, is listed at the same price and is under contract.
If it sells for its list, it will close 24.3% above its 2007 selling price.
Are we only at the beginning of new cycle highs in Chicago’s housing market?
Amy Pritchard at Jameson Sotheby’s has the listing. See the pictures here.
Unit #2106: 2 bedrooms, 2 baths, 1200 square feet
- Sold in June 2007 for $370,000
- Currently listed for $459,900
- Assessments of $552 a month (includes heat, a/c, doorman, pool)
- Taxes of $4184
- Parking is leased in the building between $284 and $300 a month
- Central Air
- Washer/Dryer in the unit
- Bedroom #1: 13×10
- Bedroom #2: 11×10