Will They Sell all the Million Dollar Condos? 360 W. Erie in River North
This 3-bedroom in Three Sixty West at 360 W. Erie in River North came on the market in February 2018.
This is a new construction building by Belgravia with 38 units and a parking garage.
It has a fitness center, yoga, lounge and dog run but no doorman.
This unit has 10 foot ceilings and floor to ceiling windows.
The kitchen has white modern cabinets with Subzero and Wolf appliances and a 11 foot island.
There’s a separate laundry room.
The unit also has a 13 foot private balcony.
The listing doesn’t say if garage parking comes with the unit or if it’s extra.
At 1735 square feet, this unit is listed for $1,174,900.
This building is one of many that have been built in the last few years downtown with large condo units priced over $1 million that were meant for families.
The listing says the building is 70% sold.
Can they sell all these million dollar condos before the next recession?
Elizabeth Brooks at Belgravia has the listings. See the pictures here.
Unit #6B: 3 bedrooms, 2.5 baths, 1735 square feet
- New construction
- Originally listed in February 2018 at $1,140,900
- Price raised
- Currently listed at $1,174,900 (garage parking included?)
- Assessments of $475 a month (includes gas, exterior maintenance, scavenger, snow removal, fitness room)
- Taxes are “new”
- Central Air
- Washer/dryer in the unit
- Bedroom #1: 13×14
- Bedroom #2: 11×12
- Bedroom #3: 11×10
- Living room: 12×17
- Dining room: 11×13
- Laundry room: 7×6
- Terrace: 13×7
This architect should consider a new career designing medium-security prisons.
Inside of the unit looks a lot better than the outside, however. Not sure I’d want to be this far west and so close to the feeder ramp, but might be interested in checking a 2-bedroom in the building.
OK – got the brochure from the developer. Prices start at $1.1 million. I guess they’re seeking a certain kind of buyer. I was hoping there might be a 2 Br plus den for $750,000. No dice.
“starting prices” of 1.1 million? yeah hard pass
by the time you put curtains, light fixtures, bathroom glass, upgrade the floors, cabinets, stovetop, parking space etc. you’re probably adding another 150k on to the price… which seems a bit high for this part of river north
I also find the 70% sold claim dubious at best
You’re paying the view. Look at how spectacular that view is!
“adding another 150k on to the price”
Sonies – seems excessive for an already high-end product. I really don’t think you’ll be needing to upgrade the floors, cabinets, and wolf range. also looks like frameless glass enclosures/doors are included.
Who’s shelling out 1 mil plus these days for a 1700 sq foot condo? It’s not like this is Wanda vista.
“Sonies – seems excessive for an already high-end product. I really don’t think you’ll be needing to upgrade the floors, cabinets, and wolf range. also looks like frameless glass enclosures/doors are included.”
I can almost guarantee you those are pictures of a model unit not the “base” unit
That neighborhood is amazingly dull. The building looks boring on the outside. There’s nothing at street level nearby. It doesn’t feel like a neighborhood worth paying up to me on generic units.
Ritz Carlton was selling around 600 a ft about same as here.
“I can almost guarantee you those are pictures of a model unit not the “base” unit”
I was basing my comments on what their website says is included. sure they can use some bait and switch and later tell you it’s all an upgrade but there has to be some higher level of product going in here.
https://360westerie.com
For $380 thousand less, a person can buy the lovely vintage three bedroom on Barry that Sabrina posted a few days ago and send the kids to Nettelhorst. I don’t understand this price at all.
There are a lot of transplants from other countries around there. Ive met a lot of Indian and Asian couples relocated to Chicago for work who live in that pocket. There’s a lot of day cares over there. So there probably is a market but it’s not the traditional market of native born or midwestern grads in Chicago. I think that area will continue to fill in with amenities as more towers go up and Chicago Ave. gets cleaned up. Price is high, for now, but not out realm of possibilities.
“Ritz Carlton was selling around 600 a ft about same as here.”
Ritz Carlton assessments are about 4x as high as these due to the amenities. Do they still have “butlers” there?
Also, it’s VERY different living ON the Mag Mile than right off of it.
“Who’s shelling out 1 mil plus these days for a 1700 sq foot condo? It’s not like this is Wanda vista.”
It’s 70% sold, so plenty of people apparently.
“It’s 70% sold”
The listing claims it is 70% sold. Another listing claimed some dude who happened to work at SOM at the right time was the architect of the Sears Tower, which is demonstrably false, so its not like there is fact checking involved in realtor listings.
And that doesn’t even begin to address the issue of what “70% sold” might actually mean.
Buy now or be priced out for ever!!!!!!
If that building is 70% sold at those prices, there are a lot of dumb people spending money in the wrong places.
Lot more bang for your buck in MULTIPLE neighborhoods for that price point that are better than this unit.