2-Bedroom Luxury Living for $999,0000 in Helmut Jahn’s 600 N. Fairbanks in Streeterville
This 2-bedroom in 600 N. Fairbanks in Streeterville came on the market in January 2024. (Sorry, apparently I don’t have my own picture of this building. I will rectify that.)
Designed by legendary architect Helmut Jahn, 600 N. Fairbanks has 212 units and attached garage parking.
It has 24/7 door staff, a sky fitness center, business lounge areas, a heated indoor stainless steel pool with skyline views, indoor heated dog run, and on-site property management.
The listing says this unit is one of the “rare” ’10 tier units with floor-to-ceiling south facing windows with city views from the 35th floor.
It’s a split 2-bedroom layout with space for a den or office nook.
The unit has wide plank hardwood floors throughout, including in the bedrooms.
It has a high end chef’s kitchen with imported Italian Snaidero cabinetry with brand new marble countertops and backsplash with Wolf, Miele and Subzero stainless steel appliances.
There are “dual” separate primary en suites with spacious marble bathrooms and designer lighting.
The unit has 2 private balconies.
It also has the features that buyers look for including central air, washer/dryer in the unit and garage parking is available for $65,000 extra.
This building is in the heart of Streeterville, near shops and restaurants, Whole Foods and the AMC River East movie theater. It’s also near the Mag Mile and multiple bus lines.
Listed at $999,000, that is under the 2017 sales price of $1.16 million.
Is this a deal?
Kimberly Becker and Katherine Taylor at @properties Christie’s have the listing. See the pictures here (sorry, no floor plan).
Or you can see it on the Open House this Sunday, Feb 4, 2024, from 11 am to 12:30 pm.
Unit #3510: 2 bedrooms, 2 baths, 1852 square feet
- Sold in March 2008 for $1,058,500
- Sold in March 2017 for $1,160,000
- Originally listed in January 2024 at $999,000
- Currently still listed at $999,000
- Assessments of $1623 a month (includes doorman, exercise room, pool, exterior maintenance, lawn care, scavenger, snow removal, Internet)
- Taxes of $24,776
- Central Air
- Washer/dryer in the unit
- Parking is $65,000 extra
- Bedroom #1: 13×13
- Bedroom #2: 13×13
- Den: 16×10
- Kitchen: 16×13
- Living room: 17×16
- Dining room: 18×16
- Balcony: 7×5
- Balcony: 7×5
I really do miss this building!
That being said, prices for units have obviously slipped over the past few years. I am glad I sold my unit when I did.
I had a “10” unit, and it worked perfectly for us. They combined some of the smaller one-bedroom units to make these 10 and 11 units into large two-bedroom units with a giant open kitchen, dining, and family room. The layout was great for our family of five and entertaining. We put a Murphy bed where the digital desk is on this unit.
All the “10s” look over the parking lot across the street –which I think NW’ern owns and something will go there eventually. The “11s” (which are slightly different than the “10s” look at NW’erns newish outpatient building. Unless you are pretty high up, the views took a hit. Still some peeks at the lake between buildings.
I know the exposed concrete isn’t for everyone, but I think in this building, zero concrete is missing something…for me at least. I liked the exposed columns and ceiling with the walls drywalled and painted.
There was talk about removing the pool and expanding the exercise room and resident space, but thankfully, this never happened. The pool isn’t used a lot, and it was always empty when we used it (often).
HOAs are up a lot! I didn’t know. They’re still not a buck a square foot, but they’ve significantly increased over several years. Taxes more than doubled from when I bought too.
It will be interesting to see what this sells for and how fast (it needs some updating). Based on prior listings, the owners probably regret not selling earlier.
Floor plan here…click the right arrow and “10” is the first:
https://www.apartments.com/600-n-fairbanks-ct-chicago-il/q35m20w/
the 11 plan changes the “left” or west bed/bath configuration which I did not like.
$10k/mo + $200k for subject property or https://www.zillow.com/homedetails/600-N-Fairbanks-Ct-UNIT-3501-Chicago-IL-60611/99346755_zpid/? for $6.6k/mo
Subject property is nicer but not that much nicer
Heres a 10 comp
https://www.zillow.com/homedetails/600-N-Fairbanks-Ct-UNIT-2510-Chicago-IL-60611/99346710_zpid/
Starting ask $900k
Ooof
“Originally listed in January 2024 at $999,000
Currently still listed at $999,000”
A cursory review of redfin would tell you this has been on the market for years. Its like you have a Pavlovian need to lie when it comes to Chicago Real Estate. Embarrassing
Been trying to sell since 19 @ $1.2MM
I thought you were an expert on Chicago real estate
Do better
JohnnyU…the 01 units are 3 beds, but I don’t like them at all. The curved wall looks cool from the outside, but the space isn’t great on the inside. That corner isn’t very useable space.
I’ve seen this unit for sale over the years. Should have sold in ’17.
I’d rather be in the Hancock but I’m biased
https://www.redfin.com/IL/Chicago/175-E-Delaware-Pl-60611/unit-7702/home/14118481
“I’d rather be in the Hancock but I’m biased”
Very different buildings and locations. Some people won’t live in high rise buildings that don’t have in-unit sprinklers. Also, you do get some outdoor space in 600 N Fairbanks and, of course, there isn’t any in the Hancock. There isn’t even any shared outdoor space.
But that’s an interesting unit you linked to chichow. But why aren’t there pictures of the living room or the bedrooms?
“A cursory review of redfin would tell you this has been on the market for years.”
Nope. Last time it was listed was 2022. And, yes, it didn’t sell then. 2 years ago. Time sure flies, doesn’t it?
As I have said before, I only include prior listings on cribchatter if it’s recent. If it was in 2023, I would have included it. But 2022 was a whole different world, especially in Streeterville. Downtown was still dealing with the pandemic and BLM protest fallout.
“Heres a 10 comp”
Good to see the floor plan in the 2510 unit. I would so make a den out of that spare space. Go to the Merchandise Mart people. Great people there who can help.
Is it because it’s just 2 bedrooms that’s the problem?
Also 2510 is 10 floors lower so it will sell for less.
“Is it because it’s just 2 bedrooms that’s the problem?”
They’re both 2BR?!?
“Also 2510 is 10 floors lower so it will sell for less.”
Maybe, but in no rational world it will be a Quarter Mil
“JohnnyU…the 01 units are 3 beds, but I don’t like them at all. The curved wall looks cool from the outside, but the space isn’t great on the inside. That corner isn’t very useable space.
I’ve seen this unit for sale over the years. Should have sold in ’17.”
Agreed, but dont think its that much nicer to support the premium
“That being said, prices for units have obviously slipped over the past few years. I am glad I sold my unit when I did.”
It was built at the top of the bubble so the original owners got stuck with bubble pricing. There were some foreclosures and short sales in the building but it wasn’t terrible like other buildings because original buyers were into the modern Helmut Jahn-ism of the units. The style of the building is a draw for many (and still is).
But because of its original bubble pricing, the prices in the building have never really gone anywhere. If you got lucky and bought a short sale or during the bust years, you probably did okay because prices are basically just back to the bubble highs.
I wonder how much the empty lot to the south impacts? There have been rumors of plans for building on it over the years but nothing has actually developed. But there aren’t many surface parking lots left in Streeterville so that one is pretty valuable.
“Nope. Last time it was listed was 2022. And, yes, it didn’t sell then. 2 years ago. Time sure flies, doesn’t it?”
Lies
Didn’t the builder sell all of these units for ~$600/sqft? I’m sure access to the opera and ethiopian restaurants made up for the huge financial loss.
Another Chicago success story!
“Nope. Last time it was listed was 2022.
yes, this is true, but it was listed a few times prior to that with out selling.
“Didn’t the builder sell all of these units for ~$600/sqft? I’m sure access to the opera and ethiopian restaurants made up for the huge financial loss.”
This building was a very successful tower which sold out years before the building was completed. It was a higher price point with luxury finishes like Snaidero cabinets. Even with a bunch of 1-bedroom units, there weren’t as many foreclosures here as there were in the other buildings completed at the same time. It has mostly been a stable building due to its popularity and star architect. Chance the Rapper and his family even once lived there.
I’d only consider the penthouses here. Everything else is meh. Common areas are meh. Gym is tiny. Pool is dark and depressing. Elevators are meh. + It’s just old now. The Snaidero kitchens have held up well though.
“But that’s an interesting unit you linked to chichow. But why aren’t there pictures of the living room or the bedrooms?”
I have no idea why there are not more photos for that listing and not worth it to me to idly speculate.
Here is a 2 bedroom plus an open den which is larger but in a completely different price bracket given it is one of the highest floor units. That being said it has a lot of photos. Having been in a few units over the years, I don’t see that much difference between units from a livability perspective with respect to the living rooms.
https://www.redfin.com/IL/Chicago/175-E-Delaware-Pl-60611/unit-9102/home/14117634
“Very different buildings and locations.”
The buildings are more similar than different. As you said: “It has 24/7 door staff, a sky fitness center, business lounge areas, a heated indoor stainless steel pool with skyline views, indoor heated dog run, and on-site property management.”
The Hancock has 24/ 7 door staff, sky fitness center, heated pool (saunas as older buildings do) and so on. Yes no outdoor space, but then 600 N. Fairbanks doesn’t have its own on site dry cleaners and convenience store.
For location and living, I’m sorry – you’re completely off base here. 600 N. Fairbanks and the Hancock both border the north and south end of Streeter. The residents are going to go to the same places. Go to NW Memorial for hospital visits. Go to the same Target / Whole Foods. Head to the Mag mile.
MY preference on the Hancock is partially that it’s closer to the neighborhood calm of the Gold Coast but others at 600 N. Fairbanks might prefer being closer to the Loop.
“sold out years before the building was completed”
Joe’s real time recordkeeping says:
https://yochicago.com/first-ever-price-reductions-at-600-n-fairbanks/8760/
THIS IS FALSE!
Dont tell me Sabrina’s caught in another lie?
Shocking!!!
I wouldn’t call that one a “lie”–it’s a mistaken recollection.
One might call it overconfidence tho–who thinks they remember that sort of detail from nearly 20 years ago, unless they were actually working with the developer–in which case I would *expect* remembering that it was not in fact sold out even at delivery, nevermind “years” prior to completion.
And it was not all from cancelations, as this post indicates:
https://yochicago.com/plenty-of-floor-plans-available-at-600-north-fairbanks/8133/
My unit was a developer unit that was never sold. Had a couple renters, but I closed with Schatz. I’m not even sure if my unit was the last developer unit sold. In 2013!
I got in right and out right thankfully while enjoying the years we had it.
“sold out years before the building was completed”
Sorry. One of my friends bought in this building years before completion and his tier was sold out so that’s what I remember about it. I guess he bought in one of the more popular tiers.
“For location and living, I’m sorry – you’re completely off base here. 600 N. Fairbanks and the Hancock both border the north and south end of Streeter.”
Dan #2 lived in the Hancock. Dan, would you say living in the Hancock is the same as living in 600 N Fairbanks?
I say “no.”
There are thousands of tourists and people walking in front of your building every day in the Hancock. Virtually no foot traffic at 600 N. Fairbanks. Huge difference, in my opinion. Also more pollution in the Hancock simply because of the number of cars passing the building every day.
“It’s just old now. The Snaidero kitchens have held up well though.”
It’s not even 20 years old. Lol.
SABS says
“I say “no.””
you would also be wrong.
chichow wrote: “The residents are going to go to the same places. Go to NW Memorial for hospital visits. Go to the same Target / Whole Foods. Head to the Mag mile.”
There is very little tourist and foot traffic on Delaware. As a resident you enter and exit on Delaware; it’s completely separate from tourists on the West side of the building and the South side of the building. And again for daily living in Streeter, as a resident you turn right and head East and it’s quiet between Delaware and North of 600 N. Fairbanks (Ontario). The traffic is further south more on Illinois Street to go to Navy Pier.
“chichow wrote: “The residents are going to go to the same places. Go to NW Memorial for hospital visits. Go to the same Target / Whole Foods. Head to the Mag mile.””
Disagree. Hancock residents likely to go to the WF on Chicago and 600 N Fairbanks to the one a block away in Streeterville. Not sure about the Target. The Streeterville one is closer than the River North one for both buildings.
Are those the only places that residents would “go” to? So much more to living somewhere than those two places.
What local restaurants are nearby? What if you want to go to the beach often? What if you want to take the bus to work in the Loop?
The buildings are in very different locations with different amenities nearby.
“Are those the only places that residents would “go” to? So much more to living somewhere than those two places.”
it’s not an all inclusive list.
“What local restaurants are nearby? What if you want to go to the beach often? What if you want to take the bus to work in the Loop?”
Well … would love to hear from you on your thoughts on this…
Still available at $959k.