A “Highly Upgraded” 2-Bedroom With City Views at 303 W. Ohio in River North
This 2-bedroom in The Silver Tower at 303 W. Ohio in River North came on the market in June 2020.
The Silver Tower was built at the end of the housing boom in 2009.
It has 229 units and a parking garage. It’s a full amenity building with doormen, an exercise room and outdoor decks.
This unit is a southeast corner unit with a south facing balcony.
The listing says it is “highly upgraded” with wide plank dark wood floors.
According to the listing, the kitchen was “completely updated in 2019.”
It has custom white shaker style wood cabinets with soft closing doors and under mount lighting with a rustic mirrored backsplash and 3 inch quartz counter tops, including on the island which seats 4.
It has “all new” Bosch appliances and a high-end LG refrigerator.
The primary bedroom has an updated bathroom with double vanity.
The listing also says the second bathroom was recently updated.
Other finishes include automatic blackout roller shades and teak wood tiles on the balcony.
It has the features buyers look for including central air, washer/dryer in the unit and garage parking is available for $35,000 extra.
Originally listed in June 2020 for $575,000, it’s now listed at $535,000.
Can buyers get deals in River North in 2021?
Bruce Glazer at @Properties has the listing. It is broker owned. See the pictures here.
Unit #1403: 2 bedrooms, 2 baths, 1138 square feet
- Sold in May 2011 for $342,621 (per Redfin)- appears to have been bank owned
- Sold in June 2014 for $492,000 (included parking)
- Originally listed in June 2020 for $575,000
- Reduced
- Currently listed at $535,000 (plus $35,000 for parking)
- Assessments of $713 a month (includes doorman, cable, exercise room, exterior maintenance, scavenger, snow removal, Internet)
- Taxes of $10,705
- Central Air
- Washer/dryer in the unit
- Bedroom #1: 13×11
- Bedroom #2: 12×10
- Living/dining combo: 18×18
- Kitchen: 10×9
- Balcony: 15×5
Realator forgot rule #1 of RE Location, location, location,
6 years of ownership + kitchen remodel = selling price – realator fees
Since the Market is HAWT ™ + everyone wants new + everyone wants to live in the city it’s mathematically impossible that this property hasn’t sold. It’s even broker owned, who else other than Sabrina has their finger on the pulse of Chicago Real Estate?
I like this place, though the all-caps listing description gave me an epileptic seizure halfway through.
you couldn’t pay me to live here… the El roaring past your home every few minutes sucks ass, trust me, I know and 14 stories up isn’t even close to far enough away
I have a hard time seeing that this place is 1100+ square feet. Rooms are cramped. ~$400K feels right with all the updates. Nice place but selling in today’s River North condo market good luck.
Am I the only one that thinks the kitchen cabinets and the island don’t go together? Also, seriously a mediocre kitchen redo so why are there a bajillion pictures of it? LOL I am not paying this much for a micro hood. I also found the stall shower a touch “developer special” no?
@JohnnyU, it appears there is room to negotiate. Seller may be the listing agent. If that is true you can adjust your equation a little hahahahaha.
How can this place close when this one is available for $10k less?
https://www.redfin.com/IL/Chicago/303-W-Ohio-St-60654/unit-2107/home/18996586
3-direction views, and none of them on the el side (yeah, Ohio ramp, but I’d take the trade). And that’s what a “highly upgraded” shower door looks like.
Looks a bit cramped and I wouldn’t call the views “jaw dropping.” Convenient location, however. Seems to be priced about right.
Anon – I liked the floorplan of the unit you shared. Doesn’t seem as cookie-cutter as some.
How can this place close when this one is available for $10k less?
Buyers are afraid of heights? Are enamored with CAPS?
Nice find and a much nicer place + den.
Gonna have to revise my math a bit as they are losing $40k at a minimum from buying in ‘15
That’s HAWT ™.
“How can this place close when this one is available for $10k less?”
it’s because of the waterfall edge…duh.
It looks a bit bare, maybe clutter it up will allow people really see the potential………..
Great dedicated work from home space in that one Anon shared. Though I don’t know why you’d move downtown if you’ll be working from home.