$76,000 Price Reduction in the Regatta: 420 E. Waterside Drive

Inventory continues to be plentiful at The Regatta, at 420 E. Waterside Drive, in Lakeshore East.

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Currently the building statistics are:

  • 23 units for sale
  • 19 units for rent

Some units may be both for sale AND for rent.

Unit #1108 recently had a price reduction.

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Unit #1108: 2 bedrooms, 2.5 baths, 1500 square feet

  • Sold in October 2006 for $547,763
  • Originally listed for $765,000
  • Currently listed for $689,000 (extra for tandem parking)
  • Assessments of $561 a month
  • Ginger Menne at Baird & Warner has the listing

10 Responses to “$76,000 Price Reduction in the Regatta: 420 E. Waterside Drive”

  1. The 547K original sales price sounds about right for this unit.

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  2. Yes, but only if it comes with the parking.

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  3. The new asking price seems a bit optimistic…..or maybe they are expecting offers 20% below asking?

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  4. Anyone know the rents on the units in this building?

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  5. Peter, I happen to have a list of the large number of ‘re-rentals’ from the mls:

    206 RNTD 09/14/06 $1,450
    206 RNTD 05/27/07 $1,350 -$100 -6.9%
    513 RNTD 12/01/06 $1,700
    513 RNTD 12/01/07 $2,000 $300 17.6%
    807 RNTD 01/20/07 $1,750
    807 RNTD 03/18/08 $1,700 -$50 -2.9%
    811 RNTD 04/17/07 $2,000
    811 RNTD 05/02/08 $2,000 $0 0.0%
    813 RNTD 12/11/06 $1,850
    813 RNTD 04/17/08 $1,850 $0 0.0%
    1107 RNTD 11/20/06 $1,700
    1107 RNTD 08/02/07 $1,850 $150 8.8%
    1208 RNTD 07/11/07 $5,550
    1208 ACTV 07/01/08 $4,800 -$750 -13.5%
    1212 RNTD 07/08/07 $1,600
    1212 RNTD 08/18/08 $1,650 $50 3.1%
    1213 RNTD 12/01/06 $2,000
    1213 RNTD 06/26/07 $2,200 $200 10.0%
    1401 RNTD 01/27/07 $2,950
    1401 RNTD 01/14/08 $2,800 -$150 -5.1%
    1402 RNTD 12/03/06 $1,800
    1402 RNTD 02/20/08 $1,600 -$200 -11.1%
    1512 RNTD 11/30/06 $3,100
    1512 RNTD 01/16/08 $2,950 -$150 -4.8%
    1702 RNTD 03/16/07 $1,800
    1702 RNTD 04/22/08 $1,800 $0 0.0%
    1703 RNTD 04/26/07 $2,495
    1703 RNTD 07/28/08 $2,500 $5 0.2%
    1803 RNTD 02/20/07 $2,500
    1803 RNTD 05/01/08 $2,600 $100 4.0%
    1803 ACTV 09/04/08 $2,600 $0 0.0%
    1812 ACTV 12/17/06 $2,900
    1812 RNTD 02/16/08 $3,150 $250 8.6%
    1902 ACTV 08/17/08 $1,800
    1902 RNTD 05/14/07 $1,800 $0 0.0%
    2004 RNTD 03/07/07 $1,850
    2004 RNTD 01/11/08 $1,650 -$200 -10.8%
    2004 RNTD 07/29/08 $1,675 $25 1.5%
    2012 RNTD 03/13/07 $2,800
    2012 RNTD 04/10/08 $3,100 $300 10.7%
    2212 RNTD 04/20/07 $3,200
    2212 RNTD 06/20/08 $3,200 $0 0.0%
    2314 RNTD 02/02/07 $4,000
    2314 RNTD 02/13/08 $4,300 $300 7.5%
    2402 RNTD 03/06/07 $1,900
    2402 RNTD 04/23/08 $1,950 $50 2.6%
    2410 RNTD 05/12/07 $3,200
    2410 RNTD 06/04/08 $3,000 -$200 -6.3%
    3110 RNTD 05/06/07 $3,200
    3110 RNTD 05/23/08 $3,300 $100 3.1%
    3204 RNTD 04/26/07 $1,850
    3204 RNTD 03/24/08 $1,650 -$200 -10.8%
    3304 RNTD 05/25/07 $1,850
    3304 RNTD 04/08/08 $1,900 $50 2.7%
    3704 RNTD 05/11/07 $1,850
    3704 RNTD 06/05/08 $1,950 $100 5.4%
    3710 RNTD 06/27/07 $3,400
    3710 RNTD 07/02/08 $3,200 -$200 -5.9%
    3812 RNTD 04/17/07 $3,100
    3812 RNTD 07/06/07 $3,350 $250 8.1%

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  6. IS the average rental rate negative or positive?

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  7. Simply put, prior leases averaged $2,432/month and replacement leases averaged $2,433/month.

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  8. Hey, my wife and i are moving to chicago and want to move into the regatta. Does anyone have a complete list of rental units. We are looking to move in ASAP.

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  9. Check the MLS and Craigslist. That should give you the most reliable list of availability.

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