3-Bedroom Duplex with a Custom Copper Pergola for $4.449 Million in the Loop: 310 S. Michigan
This 3-bedroom duplex in the Metropolitan Tower at 310 S. Michigan in the Loop came on the market in July 2023.
Metropolitan Tower was built in 1924. It was converted into condos in 2008 and has 210 units and attached garage parking.
It has 24/7 door staff, an exercise room, a party room and sundeck.
This unit is a southeast facing unit with “forever views” that includes the Lake, Buckingham Fountain, Grant Park, the Art Institute and Millennium Park as well as the lakefront skyline.
It has a grand foyer with a rotunda style steel staircase along with custom moldings, crown moldings and a fireplace in the living room.
The living room faces east and southeast with views of the Lake.
The unit has a separate dining room with a walnut built-in with a hidden bar space.
The kitchen is not open to the rest of the unit. It has white custom inlay cabinetry, marble counter tops, commercial appliances and storage as well as a unique feature for a condo as the sink has a window over it.
There’s also a half bath on the main floor.
The 3 bedrooms are on the second floor along with 3 full bathrooms.
The primary suite has sitting area, a dressing room with a vanity, a huge closet with an island and a en suite bathroom with a soaking tub and separate steam shower.
This unit has a private elevator that is just for 2 residences which will take you directly to your 3 first floor garage spaces, which are included in the price.
It has the features buyers look for including central air and the laundry room is located on the second floor, with the bedrooms.
But the most unique feature of this property is the 1900 square foot private terrace on the first floor. It was designed by acclaimed Hoerr Schaudt and has imported limestone, a fountain, irrigated planters with full landscaping and a custom copper pergola with lighting.
The listing calls it an “outdoor oasis.”
This building is near Millennium Park, Grant Park, the Art Institute, Buckingham Fountain, the shops and restaurants of the Loop, too many bus lines and subway stops to count.
Originally listed in July 2023 for $4.649 million, it has been reduced $200,000 to $4.449 million.
It has also come on the market for rent at $20,000 a month.
Will this unit rent before it sells?
Joy Larkin at Coldwell Banker has the listing. See the pictures, floor plan and video here.
I also recommend checking out Redfin’s “redesign” feature if you want to know what the rooms would look like in a “redesign. For instance, if the furniture was in the Boho or Scandinavian design style, among others.
Unit #2502: 3 bedroom, 3.5 baths, 3817 square feet, duplex
- Sold in October 2008 for $3,246,500
- Originally listed in July 2023 for $4.649 million
- Reduced
- Currently listed at $4.449 million
- Assessments of $4118 a month (includes parking, cable, doorman, exercise room, party room, sundeck)
- Taxes of $43,398
- OR Listed for rent in April 2024 for $20,000 a monthÂ
- Central Air
- Washer/dryer in the unit
- 3 parking spaces included
- 2 large storage rooms included
- Fireplace
- Bedroom #1: 14×20 (second floor)
- Bedroom #2: 13×13 (second floor)
- Bedroom #3: 13×12 (second floor)
- Foyer: 12×10 (main floor)
- Living room: 36×18 (main floor)
- Dining room: 19×13 (main floor)
- Kitchen: 20×11 (main floor)
- Gallery: 20×8
- Laundry room: 8×13 (second floor)
- Other room: 14×12 (second floor)
- Terrace: 36×51
Always loved this building. Used to watch fireworks from this building pre conversion, great views
While not my style, this place is pretty spectacular
Financially, renting seems like a pretty good deal (Yeah the buyer of this place, probably isnt a HMAM)
The rental ask is a clue to the seller’s basis otherwise you have to put 65% down to get a cost of ownership equivalent to renting….ergo, why bother buying this place if you can just rent it (understanding folks at this stratosphere probably aren’t using a mortgage unless they have alternate investment opportunities that are for sure going to make a tone more money)
I could really throw one heck of an air and water show party from this roof. Pretty nice.
“I could really throw one heck of an air and water show party from this roof. Pretty nice.”
This is one of the nicest terraces I’ve seen. It’s very private and lush. They didn’t leave concrete everywhere, which is tough to do and costs a lot of money to achieve.
Love the pergola. Very classy. Even on windy days, I bet you can still be out there and somewhat protected.
Love the fountain. Rare feature. Probably masks a lot of the noise pollution.
There are several things that could be holding back a sale on this unit.
The kitchen isn’t open concept. Americans want the huge kitchen island. I, personally, love a private kitchen. Who wants to look at it all the time? But that is not the modern American construction.
Also, there is no den or family room. If you don’t need all the bedrooms, you might be able to turn one into a den. Or you could maybe separate the living room into two rooms.
help
HMAM ?
Hierarchical Multi Attribute Model ?
clearly my google fu is weak
ooooh
so much better to rent for 1 year
would think the target market ins’t limited to domestic americans but very well to do VHNWI foreigners
“help
HMAM ?”
How Much A Month
For once a $4 million unit that looks like it’s really worth that much.