Full Floor Vintage Overlooking Grant Park: 1142 S. Michigan
If you’ve driven or walked down South Michigan Avenue along Grant Park you have gone past 1142 S. Michigan and probably didn’t even notice the building.
It is a vintage mid-rise condo building with only 8 units- one per floor.
The elevator opens directly into each unit.
One of the units has just appeared on the market and it is marketing itself compared to the new construction competition next door (in The Columbian) and down the street (in One Museum Park.)
From Craigslist:
New York City Central Park Quality Vintage with true privacy in South Loop. This condo, part of an 8 story one unit per floor building, reflects understated “top shelf” taste throughout. An expansive library, living room, and dining room/kitchen all overlook Grant Park, Museum Park, and the Lake Two separate home offices (one of which can be converted to a 2nd BR suite) 2 bedrooms, 3 bathrooms., and huge dressing Rm.
Agent Remarks: Fully Wired. 2 Parking Spots, Huge Storage, Roof Top Deck, 3 Small Balconies. Most Importantly–Value Per Square Foot that DWARFS the Nearby Towers facing South Grant Park.
Unit #5: 2 bedrooms, 3 baths, 2 car parking, 2 home offices, a huge laundry room, 3 balconies
- Sold in June 2001 for $899,000
- Currently listed for $2.1 million
- Assessments of $1,281 a month
- Three wood burning fireplaces
- Re/Max Exclusive Properties has the listing
1142 S. Michigan Tour– with music [website]
Looks beautiful! I’ll take it for the 899K 2001 price!
Very nice. Look at the built-in book shelfs!
Yes nice indeed. But definitely not two million dollars + $1200/month assessment nice.
The price needs to come down quite a bit for a 2br for this to be competitive, in fact I’m thinking more than 50%. Yes having your own elevator is nice and a very rare amenity, but at the end of the day this is still a 2br.
At a $2 million pricepoint and with these assessments there are far better properties available.
It’s beautiful and I love it. I’ll take it for $899K, the 2001 price
$2MM is laughable. This is still only a 2 bed place, beautiful or not, and it’s not on the north side.
Yes having your own elevator is nice and a very rare amenity, but at the end of the day this is still a 2br.
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Costly special assmnt too, if some one of that price range cared….
What was the special assessment for? It’s an old building and only eight units. If anything comes up- everyone is going to take a hit. That’s a given.
I don’t know if I would argue with that assessment. Depends upon what’s included in it.
If it includes heat,as well as water, maintenance of common areas, and 10% goes to plump up the reserve it is not bad, especially given the square footage here.
I just called about a 1200 sq ft 1 bed at the Aquatania, at 5000 N. Marine. A very large unit for a one bed, co-op, assessments of $1050, including heat and taxes. Still too high for that size, because of a 24-hour doorman- figure 3 shifts plus a swing shift, a very costly amenity.
Do you think they will sell it for $600K?
This property is no longer listed. Does anybody know if it sold? If it sold, it did it in record time for this market.
Jordan:
It’s still on the market. Market time of 51 days. (Thanks to the tipster who sent me the listing info.)
lots and lots of built-in book shelfs, in the office, library, bedroom, and not one bathtub
Is the unit available for a showing or is it sold ?