Update on One Bedroom Foreclosure in 300 W. Grand
In January 2008, we chattered about a one bedroom loft foreclosure in 300 W. Grand in River North.
Several people were interested in bidding on it due to its relatively low price for a one bedroom in River North.
300 W. Grand #504: 1 bedroom, 1 bath, about 900 square feet
- Sold in April 1999 for $195,000
- Sold in May 2004 for $250,000
- Was listed for $209,900 (including parking)
- Assessments of $378 a month
The unit closed for $220,050. It was on the market only five days before going under contract.
There is another one bedroom currently available on the same floor.
Unit #501: 1 bedroom, 1 bath, 895 square feet
- Sold in August 1999 for $184,000
- Currently listed for $289,000 plus $35,000 for parking
- Assessments of $345 a month
- Krain has the listing
Unit 504 closed for a good price IMO. Grand is downtown proper and if you count parking at 35k thats 185k for 900sf.
The only issue with these units are they are literally right next to the El. It doesn’t bother some people though (myself excluded).
I viewed this unit now on the market for 264,000 plus $35,000 for parking (no in the bldg.) and it was horrible!
The current owner smokes up to 3 packs a day. The smoke was everywhere and it has just been “freshly painted”.
It is a shame b/c it was nice space. The EL isn’t the issue any longer, the building going up right next to the balcony is.
4/2008