A 3-Bedroom Penthouse with 2 Balconies: 659 W. Randolph in the West Loop
This 3-bedroom penthouse in R+D659 at 659 W. Randolph in the West Loop came on the market in February 2022.
Built in 2009, R+D659 has 237 units and an attached parking garage.
It has 24 hour door staff, an outdoor pool, exercise room, party room and dog run.
This 18th floor penthouse has floor-to-ceiling windows with exposed concrete ceilings and some concrete walls which are 12 foot.
It has South, East and West views.
The kitchen has wood cabinets and an island along with stone counter tops and Subzero, Wolf and Bosch appliances.
The primary suite has a walk-in-closet and en suite bath with a dual vanity, a tub and walk-in-shower.
The listing says a second bath has been “upgraded.”
It has the features buyers look for including central air, a laundry room and a tandem 2-car parking space is included.
The unit has two outdoor spaces which face south and west, including a balcony off the primary suite.
This building is near the shops and restaurants of Fulton Market, the West Loop, Greek Town and the Loop.
The listing says it’s in the Skinner school district.
Listed at $950,000, and at 2100 square feet, is this a townhouse alternative?
Dennis Huyck at Keller Williams ONEChicago has the listing. See the pictures and floor plan here.
Or see it in person at the Open House on Saturday, February 26 from 11 AM to 12:30 PM.
Unit #1806: 3 bedrooms, 3 baths, 2100 square feet, penthouse
- Sold in September 2009 for $619,000
- Currently listed at $950,000 (includes 2-car tandem garage parking)
- Assessments of $1513 a month (includes heat, gas, cable, exercise room, pool, lawn care, scavenger, snow removal, Internet)
- Taxes of $14,774
- Central Air
- Washer/dryer in the unit
- Bedroom #1: 19×15
- Bedroom #2: 13×12
- Bedroom #3: 13×12
- Living/dining room: 25×19
- Kitchen: 15×10
- Laundry room: 10×6
- Deck: 28×9
- Deck: 14×7
22 x 20 master bedroom is a nice size. That assessment however, sheeesh.
This has been on the market since August of 2019 LMAO @ $1.2MM you shill
What a novel approach utilizing the MWIC as a display curio
I think I’d go batshit insane living 4 people in this place. Dont understand the master suite being 1/3 of the SF.
Somehow, the idea of paying nearly $1 million to live in a unit where the walls and ceilings resemble a prison cell just isn’t that appealing.
“the walls and ceilings resemble a prison cell”
You seem to know a lot about prisons.
West loop is hot? $950 seems like a fair price for this. Why not?
Ha ha, Anon. I’ve actually been in some prisons, not as an inmate, but as a volunteer. I used to tutor inmates at Cook County Jail. I also used to be a journalist in Indiana and I went into Indiana State Prison several times, once to interview a death row inmate who was executed two months later. Plus I’ve watched some documentaries on prison life. I think prisons are kind of interesting places.
I like this place. I lived in a loft with exposed concrete and brick and it always felt to me that that aesthetic was more forgiving somehow, in the sense that it didn’t demand pristine neatness in the way some modern white boxes sometimes can. The assessment doesn’t seem high to me for a 3-3 in a building with 24-hour door staff, a pool, exercise room, etc. Kitchen seems a little small for a 3-3, and the location (next to the freeway) isn’t great.
A million bucks to live ON the Kennedy… pass
This building is HAWT(tm)
https://www.redfin.com/IL/Chicago/659-W-Randolph-St-60661/unit-1803/home/39564675
$775k in 2019; $725 in 2022
Nice Gym LOL
“A million bucks to live ON the Kennedy… pass”
They’ve been paying a million bucks, and more, for years now Sonies. Just because it’s not your preference, doesn’t mean it’s not others.
This 3-bedroom just sold 2 weeks ago in Skybridge for $1.197 million. Both balconies look out right over the Kennedy.
By the way, it last sold in 2007 for $750,000. It was updated during that time. Just goes to show you how hot the West Loop continues to be though.
https://www.redfin.com/IL/Chicago/737-W-Washington-Blvd-60661/unit-2501/home/12680821
“22 x 20 master bedroom is a nice size. That assessment however, sheeesh.”
Why are people continually surprised by assessments when there are 24 hour door staff and pools and just 237 units to pay for it all?
Lesson to learn: live in a larger building with a lot of amenities because it keeps the costs down.
This is not a large building. I would classify it as a mid-size. Not boutique, but certainly not big.
Also, the unit is 2100 square feet. The assessment is reasonable for that square footage, in a small building, with those amenities.
It looks like the thumbs up/thumbs down feature has been restored. Let me know if it’s working for all of you again.
Lol.
“ This 3-bedroom just sold 2 weeks ago in Skybridge for $1.197 million. Both balconies look out right over the Kennedy.
By the way, it last sold in 2007 for $750,000. It was updated during that time. Just goes to show you how hot the West Loop continues to be though.
https://www.redfin.com/IL/Chicago/737-W-Washington-Blvd-60661/unit-2501/home/12680821”
Wow 3% return not including the reno costs or closing costs?
HAWT(tm)
“ Why are people continually surprised by assessments when there are 24 hour door staff and pools and just 237 units to pay for it all?”
Shit gym and out door pool doesn’t = $1500/mo
$750K max.
Looks like a prison, too close to the highway, laughable gym, $1500 HOA.
“Wow 3% return not including the reno costs or closing costs?”
Again, Chicago has historically returned 1% to 3% a year in its housing market. Until the housing bubble, so did most of the rest of the country.
Skybridge was built during the housing bubble. They paid peak prices. Yes, it’s HOT. Hot as all hell in the West Loop.
And it’s now just becoming stupid that JohnnyU is trying to argue that the West Loop isn’t red hot. Even a toddler knows it is.
It’s sooooo tiring for the crash and doom crowd to keep gaslighting real Chicago data and comps. Move on. There actually ARE things to be bearish on in Chicago housing market. The West Loop is not one of them.
You always have an excuse…
The data is there and it doesnt fit your narrative, so as you are wont to do – you ignore it
Not disagreeing that sales arent brisk and ToM is low, its just that theres no appreciation one should expect in a HAWT(tm) Market
Well that skybridge unit is much nicer and much larger, and also it was completed in 2003 so the construction quality is probably a lot better than this RD dump.
And I would say being on the west side of the kennedy is preferred in this location so you don’t have to cross it every time you want to go shopping or out to eat.
I remember Joe the shill here talking about this building so you know its a cheap piece of crap like some C M K property.
“theres no appreciation one should expect in a HAWT(tm) Market”
If it weren’t hawt, everyone would be selling for a nominal dollar loss. Duh.
“If it weren’t hawt, everyone would be selling for a nominal dollar loss. Duh.”
Trzask(tm)
“And I would say being on the west side of the kennedy is preferred in this location so you don’t have to cross it every time you want to go shopping or out to eat.”
So stepping out on your patio with the Kennedy bumper to bumper in all its glory in front of you is okay as long as you’re on the west side of it.
Lol.
The absurdity continues on this blog.
“Not disagreeing that sales arent brisk and ToM is low, its just that theres no appreciation one should expect in a HAWT(tm) Market”
A hot market is about sales. Prices will rise as inventory falls. Chicago home prices are up 10% or 12% over the past 2 years. If you try and sell 3 years later, it’s going to be tough to cover the costs. I have said this over and over and over and over and over again on this blog. Average time to own a loft is 3 years. Most will lose money. Doesn’t mean the market isn’t hot. Not at all.
A hot market is about sales. Prices will rise as inventory falls. Chicago home prices are up 10% or 12% over the past 2 years. If you try and sell 3 years later, it’s going to be tough to cover the costs. I have said this over and over and over and over and over again on this blog. Average time to own a loft is 3 years. Most will lose money. Doesn’t mean the market isn’t hot. Not at all.
So what you’re saying is this is a textbook example of low supply and high demand not pushing prices up?
Your ideas are intriguing to me and I wish to subscribe to your newsletter
Including realtor fees and taxes, it cost me about 8% of the sale price to sell my place. It takes a lot of appreciation to make money in real estate as an the average home owner. I would still classify this as a hot market even though most people aren’t getting rich or making a killing. It’s very difficult to buy right now (even more so than a few months ago) and it’s very easy to sell (assuming you aren’t asking a ridiculous price).
I estimate that I will have to live here 10 years to get back what I put in assuming no appreciation. That includes costs to remodel my new place.
We all need somewhere to live and I had to change my thinking about real estate to get to the point where I was OK buying in a “hot” market. Hoping I can pay this place off before I retire and stay here forever. Moving wasn’t the smart financial decision, but it was the right one for my mental health.
Jenny–what did the buy-side transaction cost? Ballpark.
@anon – Buy side was more difficult to calculate because of the property taxes received back from the sellers. At closing, I paid about 2% of the house’s value, but I was also getting money from the sellers for taxes and I paid a something like 0.25% in points.
It didn’t make financial sense to sell. I would have paid off my condo long before retirement
“Moving wasn’t the smart financial decision, but it was the right one for my mental health.”
Congrats Jenny. Everyone should be happy in their home.