A 3-Bedroom With Parking in River West Reduces to $575,000: 520 N. Halsted
This 3-bedroom in The Montrevelle at 520 N. Halsted in River West came on the market in March 2024.
The Montrevelle was built in 2005 and has 89 units. It’s an elevator building with an attached garage.
It does not have door staff but does have an on-site engineer, professional management, a sun deck, party room and fitness room.
The listing says this unit has had “recent” lengthy list of smart and modern improvements.
It has a foyer and a storage closet.
The kitchen has been recently renovated with white 42 inch cabinets with crown molding, new quartz countertops, a glass tile backsplash and new stainless steel GE appliances.
It is open to the living and dining room. The living room has a fireplace and there is a balcony with room for a grill.
There is a primary suite with an en suite bathroom with dual vanity.
The third bedroom does not have a window.
The unit has Hunter-Douglas shades.
It also has the features that buyers look for including central air, washer/dryer in the unit and one car heated garage parking is included.
This building is surrounded by restaurants and is next to the Grand Avenue blue line stop and several major bus routes. It’s also a short walk to the Fulton Market restaurants.
Originally listed in March 2024 at $595,000, it has been reduced $20,000 to $575,000.
Is this a deal for a 3-bedroom with parking in this location?
Jeanine McShea and Erin McShea at @properties Christie’s has the listing. See the pictures and floor plan here.
Unit #518: 3 bedrooms, 2 baths, 1720 square feet
- Sold in July 2005 for $402,000
- Sold in April 2014 for $401,000
- Originally listed in March 2024 for $595,000
- Reduced
- Currently listed at $575,000
- Assessments of $722 a month (includes cable, exercise room, exterior maintenance, lawn care, scavenger, snow removal, Internet)
- Taxes of $11,589
- Central Air
- Washer/dryer in the unit
- Heated parking space included
- Fireplace
- Bedroom #1: 16×19
- Bedroom #2: 11×14
- Bedroom #3: 22×9
- Kitchen: 17×13
- Living room: 16×16
- Foyer: 11×10
- Dining room: 16×9
- Balcony: 13×5
lOW iNVenTorY?
Pricing is stupid high. Comp with this – https://www.zillow.com/homedetails/520-N-Halsted-St-APT-304-Chicago-IL-60642/70465737_zpid/?
Kitchen is newer, but its not an $85k upgrade
Is this an example of those shitty gyms no one wants?
“ Private balcony just off the main living area — perfect for summer grilling and entertaining.”
LMAO… balcony barely fits 2 people and overlooks the expressway. It must be very noisy.
618 sold for $599k (per transfer taxes paid on deeds) in Jan-22:
https://www.redfin.com/IL/Chicago/520-N-Halsted-St-60642/unit-618/home/12659235
And included two parking spots and a private access roof deck area.
+CPI = $668k, or $645k with one parking spot.
No that that’s a fair comparison in HMAM-land
Better interior than I expected based on the exterior. Good location but I wouldn’t want to be right on Halsted. I guess that’s why it’s cheap. That and the windowless bedroom and tiny balcony. The gym looks depressing, too.
“ Good location but I wouldn’t want to be right on Halsted”
Actually, Halsted would be a more preferred side of the building. This unit overlooks the Ohio St feeder ramp.
Things I don’t like
1) Weird layouts. like that long third bedroom that is used as an office.
2) Same for 304 where you have that one bedroom cutting into the other bedroom.
This is one of those buildings where you got to live somewhere so I get it. I really do.
Things I like
1) I like the Chicago Windows.
2) I like the brick
3) I like the assessment. I am guessing they aren’t asking unit owners to pay specials all the time.
Honest question: How much really does it cost to tile the tub drywall all the way to the ceiling? How much savings are we really talking about?
I’ve often dreamed of a lovely breakfast in bed while looking over the Ohio Feeder ramp…