4 Level Penthouse with In-Home Elevator in River North for $1.4 Million: 400 N. Orleans
This 4-level penthouse at 400 N. Orleans in River North came on the market in June 2023.
Built in 2007, 400 N. Orleans has 6 units and “private garage spaces.” It’s an elevator building but it has no other amenities. There’s no door staff.
This unit has an open concept layout with floor to ceiling windows.
The main floor has the living room, dining room, with a double sided fireplace, a family room, kitchen, powder room and balcony.
The “chef’s kitchen” has custom white cabinets with an oversized island that seats 3, quartz countertops, and Viking appliances.
The lower level has the primary suite with a balcony, a large walk-in-closet, a spa-like bath with dual vanity, soaking tub and European shower.
There’s also a second bedroom, a full bath, and the laundry room.
The third floor has a bedroom/office with a bathroom.
And the top level, or fourth floor, has a loft room with a wet bar which is directly off the rooftop deck that has skyline views.
There are stairs between the floors and an in-home elevator.
This unit has the features buyers look for including central air and there are 2 “private” garage spaces included.
This building is near the Riverwalk, the shops and restaurants of River North, the Merchandise Mart and the East Bank Club.
Listed at $1.4 million, is this a townhouse alternative?
Melissa Siegal at @properties Christie’s has the listing. See the pictures and floor plan here.
Unit #C: 3 bedrooms, 4.5 baths, 4000 square feet, 4 levels, penthouse
- Sold in July 2011 for $1.1. million
- Currently listed for $1.4 million (2 private garage spaces included)
- Assessments of $1150 a month (includes exterior maintenance and scavenger)
- Taxes of $22,812
- Central Air
- Washer/dryer in the unit
- 2 fireplaces
- Bedroom #1: 21×22 (lower level)
- Bedroom #2: 18×16 (lower level)
- Bedroom #3: 17×16 (third floor)
- Living room: 20×14 (main floor)
- Kitchen: 17×15 (main floor)
- Dining room: 16×16 (main floor)
- Family room: 19×19 (main floor)
- Loft: 11×15 (fourth floor)
- 2 balconies
- Terrace: 29×14 (fourth floor)
“4-level penthouse”
Floors 3-6 of a 6 story building is now a “penthouse”??
War is peace.
Freedom is slavery.
Ignorance is strength.
This is a penthouse.
I always wondered what units in this bizarrely small boutique building looked like, honestly I don’t hate this one but it has an extremely strange layout with one huge set of stairs basically going down to one bedroom and a bath? Kind of a waste unless you have a live in maid or something…. yeah… guess I could afford that if I could easily afford a 10k a month PITI nut lol
it really bothers me that you can see the top of the roller shades. looks unfinished, especially at this price point. at the very least, it needs a metal valance or even better a pocket for it to be installed in so you don’t see it.
“one huge set of stairs basically going down to one bedroom and a bath”
The single bedroom is the 3d floor, above the main/entry floor, and below the loft. The floor with two bedrooms is below the main/entry floor–and the primary bedroom appears to have a door to the common hallway.
The other 2 ‘vertical’ units appear to still belong to the ’08 buyers.
One of the 2d floor units traded last year:
https://www.redfin.com/IL/Chicago/400-N-Orleans-St-60654/unit-2B/home/26813987
3d floor in ’21:
https://www.redfin.com/IL/Chicago/400-N-Orleans-St-60654/unit-3B/home/26813988
and the other 2d floor in ’20:
https://www.redfin.com/IL/Chicago/400-N-Orleans-St-60654/unit-2A/home/26813975
It’s Don’t-Pick-Your-Nose-in-the-Living-Room-Without-the-Shades-Down week on here.
Help educate me. For small buildings like this with retail on the first floor, who owns that space? I ask because the presence, or absence, of a tenant could majorly swing the assessments if it is owned by the association.
“For small buildings like this with retail on the first floor, who owns that space?”
from looking at the record, there are 2 commercial condos, and also a “storage” unit condo (maybe includes the billboard??). I didn’t check who owns each of those currently, but reasonable to assume it is not the association.
“it really bothers me that you can see the top of the roller shades. looks unfinished, especially at this price point. at the very least, it needs a metal valance or even better a pocket for it to be installed in so you don’t see it.”
This + they dont have a shade in the DR. really should have a soffit
Other that the kitchen the main floor looks cheap
This was listed at $1.5MM on 1/21
I clearly didn’t spend enough time deciphering the floor plan lol
The balustrade ornamentation is vomit-worthy at this price point and doesn’t go with the esthetic of the rest of the unit. Looks like someone bought whatever was on sale at Menards. At least you could age in place here with the elevator… wouldn’t want to enjoy the street noise here however. The exterior of the building looks like a maintenance nightmare in the works and the retail tenants seem pretty low brow (and the Subway may attract varmints), so this wouldn’t appeal to me. I also don’t like the idea that the master is right above another unit. It didn’t have to be like that….
We’ve never chattered about this building before. It took me some time to see if I had a picture of it in my collection.
I had to look at the pictures a LOT and study the floorplan to try and figure out which floor the primary bedroom was on (the lower level, under the kitchen/living room). It doesn’t seem intuitive to have the primary bedroom on that floor.
“Looks like someone bought whatever was on sale at Menards.”
Uh-oh, someone’s riskng being called a snob.
Yep – my dream to pay $1 million to live directly above a Subway and a pet food store.
It’s such an odd building– with only 6 units, and not clear what the other units are like.
Even if someone loved the unit, there’s a lot of due diligence needed—are any of the other units offices or commercial (besides the first floor)? Are any investor-owned? You could end up in a situation where the land value for a taller building exceeds the value of most of the other units, and be forced to sell (perhaps not getting back the full value of the improvements put into this unit).
“the land value for a taller building”
The lot is about 6500 sf; it probably only makes sense if the whole block were to go.
Pending as of yesterday.
Closed for 1.375
Thanks for the update on this one too David.
This spring/summer is just a really hot market. Most properties selling quickly. This is no longer the pandemic market in River North where properties lagged.
“ Yep – my dream to pay $1 million to live directly above a Subway and a pet food store.”
Dan #2, ?. Easily one of the best comments ever submitted on crib chatter.
“ Yep – my dream to pay $1 million to live directly above a Subway and a pet food store.”
Don’t move to NYC, SF, London, DC then because there are a LOT of people paying that much to live above Subways, Burger Kings, McDonald’s, pet food stores etc. etc.
“Don’t move to NYC, SF, London, DC then because there are a LOT of people paying that much to live above…”
Yep, nigh impossible to find any place to live in NYC, SF, London, DC that isn’t located above crappy retail.
Who in their right mind compares Chicago to NYC/London/SF/DC?
I think the better question is
Who in their right mind compares *the BS people will accept for their $1.3m condo in* NYC/London/SF/DC to what is acceptable in Chicago?
May as well point out that this would be $10m+ in Mayfair.
To be fair it would be $475k in Ft Wayne
“Who in their right mind compares *the BS people will accept for their $1.3m condo in* NYC/London/SF/DC to what is acceptable in Chicago?”
Um…people who live in all of those cities???
Is it really any different to pay $1.3 million to live above a Subway in NYC or above a pasta shop in San Francisco than to do the same thing in Chicago?
And plenty of neighborhoods, outside of Mayfair, where you are living above the Burger King or McDonald’s in London. Dozens. All for about a million dollars.
It’s dense city living. And yes, some people live above restaurants. Is it just because it’s a Subway that you all are mocking it? If it was Jimmy John’s would that be the same thing? What if it were Taco Bell?
“Who in their right mind compares Chicago to NYC/London/SF/DC?”
Everyone talking about dense, urban cities where you are living above shops and restaurants. I know you don’t live in one like that JohnnyU so it’s kind of hard for you to envision what it’s like.
“Yep, nigh impossible to find any place to live in NYC, SF, London, DC that isn’t located above crappy retail.”
No one said this anon(tfo). But if you’ve actually BEEN to those cities and walked the neighborhoods, many properties are like those we have here in Chicago. You have retail and restaurants on the bottom floor and housing above. Hooray for density.
I just don’t understand the hate that it’s Subway. If it were a Starbucks, that would be considered a benefit, right? You would tout that in the listing. If it were Whole Foods, you certainly would. But what if it were an Aldi? Or what if it was a Domino’s? Most buildings are just happy to have tenants to fill the space. That Subway has been there for years. Must do well there. Good for them.
“ I just don’t understand the hate that it’s Subway”
No hate toward Subway, but think about the type of people who frequent the place. Those would be your neighbors
Everyone talking about dense, urban cities where you are living above shops and restaurants. I know you don’t live in one like that JohnnyU so it’s kind of hard for you to envision what it’s like.
I lived above a bar/resto in Chicago, LOL
NYC & London – Pretty much developed (Chudson Yards, yadda yadda)
Chicago – Tons of undeveloped RE
Yeah not remotely the same
“If it was Jimmy John’s would that be the same thing?”
basically the same
“What if it were Taco Bell?”
much much worse.
FTR, I would gladly pay $1.4m for 4,000 sf of nicely finished condo above a Subway (or similar sandwich shop) in a “better” neighborhood in NYC, SF, London, DC.
“Is it really any different to pay $1.3 million to live above a Subway in NYC or above a pasta shop in San Francisco than to do the same thing in Chicago? ”
————————————————-
Yes, if you yammer on and on about how affordable Chicago is and then suddenly try to say we should treat Chicago the same as the other cities.
So the difference is: If Chicago is so affordable, why would anybody in his right mind pay $1.3 mil to live above a restaurant?
Or are you doing a riff on “lie still, and think of England,” Sabrina?
Didn’t realize my 2-month old comment would cause a ruckus. Nothing against Subway. And nothing against being above retail – obviously it’s common in a dense city. I just don’t like this building or location. It feels isolated. It’s not like a street in Paris or London lined on both sides with handsome apartment buildings over interesting stores. It’s all by itself, looking over an ugly street that resembles a highway exit ramp. And the building itself lacks style, which is made worse by having fast food at the ground level.
“Chicago – Tons of undeveloped RE”
I hate it when people who haven’t been to Chicago in a long, long time (decades?) add comments about its density, the development that is going on when entirely new neighborhoods now exist here.
“I hate it when people who haven’t been to Chicago in a long, long time (decades?) add comments about its density, the development that is going on when entirely new neighborhoods now exist here.”
I hate it when people who drone on endlessly about all the mega developments ready to go, conveniently ignore their past statements.
Unless you’re that pedo from Subway, who is going to pay the same price for a property with a fast food establishment below them? I dont think this is a highly controversial take for anyone sober and rational
Maybe I was oblivious when living in NYC, but I don’t recall seeing any Subways. Or Taco Bells. Maybe a McDs? Starbucks were in a real growth explosion at the time (late 99-01) (I recall seeing a New Yorker comic along the lines of “they’re opening a new Starbucks inside of the Starbucks on Second Ave”).
“NYC … Taco Bells”
This unit isn’t in teh same building as a taco bell, but it is right around the corner–and you may be able to see th roof from the balcony.
https://www.redfin.com/NY/New-York/63-Downing-St-10014/unit-6B/home/45243565
over 50 in the 5 boroughs.
“Maybe I was oblivious when living in NYC, but I don’t recall seeing any Subways.”
google says there’s 300 Subways in NYC.
“Unless you’re that pedo from Subway, who is going to pay the same price for a property with a fast food establishment below them?”
Yet, someone just paid $1.375 million for this unit.
“Yet, someone just paid $1.375 million for this unit.”
Yet that wasnt the question posed
Why do you respond to questions with non-sensical answers? Are you this annoying in real life?
“Yet that wasnt the question posed”
You said no one would buy above a fast food restaurant in Chicago yet they do all the time. And in this situation, it was $1.375 million and above a Subway.
Let’s be honest, the bears are going to be bearish no matter what is going on. That’s how it’s always been on this blog. We could have 3.6% unemployment, wages rising, stocks 5% from all-time highs and the bears would still say the economy sucks and we’re in a recession.
Chicago’s housing market is strong. It’s holding up well in the face of these higher rates. Most people are staying put, however. And I expect that to continue.
What will happen if we see 7.5% or even 8% mortgage rates? The market grinds to a halt, again. Will see sales plunge another 30%. Very tough times for realtors, real estate attorneys, mortgage brokers, appraisers, inspectors, people who work in title. But there is little on the market so prices will hold.
“You said no one would buy above a fast food restaurant in Chicago yet they do all the time. And in this situation, it was $1.375 million and above a Subway.”
Why lie all the time?
who is going to pay the same price for a property with a fast food establishment below them?
The 2 statements are nowhere near the same
Lets be honest, you are a shill that likes to make things up to start arguments for some unknow reason. Maybe you’re just a miserable person or maybe you have a crush on me and are envious of my life in Ft Wayne. Whatever your rational, its beyond pathetic and boring
Grow the fuck up
When I google “Subway stores in Manhattan,” while the map shows more than I recall (i.e., none), there are maybe six locations anywhere near where I spent much time.
Anyone sad to have missed the oppurtunity to live above a Subway has another chance, AND for a lower price:
https://www.redfin.com/IL/Chicago/400-N-Orleans-St-60654/unit-C/home/26813985
Per zillow, they closed on it 7-31, listed for rent on 8-18, listed for sale 9-15 for $1.399m.
Weird, or a really big mistake.
“Per zillow, they closed on it 7-31, listed for rent on 8-18, listed for sale 9-15 for $1.399m.”
Wow. That’s interesting. You just never know.