$600,000 One Bedrooms in Streeterville
It seems that the new price point for luxury larger one bedrooms in Streeterville is now around $600,000. Can this price point be sustained in Chicago?
Case in point is a recent new listing at Fairbanks at Cityfront Plaza at 240 E. Illinois which is just starting closings on the tower portion of the building.
Unit #1107: 1 bedroom, 1.5 baths with study, 1071 square feet
- Listed at $541,900 with parking extra (probably about $50,000)
It will be interesting to see if they can find any buyers at this price point. There are a lot of nice buildings currently closing on units in Streeterville- all competing for the same buyers at these price points.
Unit 1607 (same floor plan) is listed at 499 plus 55K for parking.