Flipper Alert: Flippers Trying to Cash In at 600 N. Fairbanks
I already have had several posts on early flips at Helmut Jahn’s modern high rise at 600 N. Fairbanks in Streeterville. The closings have not yet begun but another flip has appeared.
Unit #1901: 3 bedroom, 2.5 baths, 1746 square feet, Southeast facing unit
- Hasn’t yet closed but those familiar with the building tell me pre-construction price would have been around $800,000 without the parking
- Currently listed for $1,140,000 plus $70,000 for parking
That’s a mighty daring flip, if I do say so. That’s $652 sq/ft.
The sale is subject to the close of the original contract. Closings are expected to begin in the building in October.