A $4.4 Million Penthouse in the Heritage
The Heritage, at 130 N. Garland Ct., near Millenium Park, has been a resounding success since it started closings in 2004.
The building was actually quite affordable originally, with one bedrooms in the high $200,000s and two bedroom, two bath units that faced the lake from the mid-$400,000s. Some of the units with the park and lake views have nearly doubled in price.
But now comes a penthouse listing at $4.4 million.
Unit #5701: 4 bedrooms, 4.5 baths, 4668 square feet, 4 cars parking. The kitchen and baths have been upgraded from the standard Heritage finishes.
This is a new price point for the building and for the Millenium Park area.
Has that area really risen in prestige to warrant this price level? You could live at the stunning Benjamin Marshall 209 E Lake Shore Drive, near Oprah Winfrey, with views of the lake, 4 bedrooms, 4.5 baths, two car parking, and 5500 square feet for $4.89 million. (See pictures below.)
We’ll see how long it sits on the market.
Assessments at Heritage unit ASM: $2,934
Benjamin Marshall ASM: $4,090 And it is carpeted throughout!
Does someone paying $4 million care what the assessment is (really)? It’s not going to be a make or break, that’s for sure.
Perhaps the Benjamin Marshall unit will sell for a bit less because it doesn’t have hardwood.
is this the unit Mayor Daley was supposedly going to buy?
Nobody: I don’t think so. He was supposedly looking in the building, but I thought it was somewhere around $1.5 million or so.
This unit has had a price reduction down to $3.8 million since I posted this. Maybe he’ll be interested now.