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Bank Owned 2/2 in River North Sells: 421 W. Huron

We last chattered about this bank owned 2/2 at 421 W. Huron in River North in April 2011.

421-w-huron-approved.jpg

See our prior chatter here.

At that time, it was listed at $365,000 including the parking but several of you thought it was still priced too high given the finishes of the unit, the high assessment and lack of amenities of the building.

The unit recently sold for $350,000.

At the time of our chatter, two other 01 tier units were also available in the building and those are STILL available (at the same prices as April.)

Unit #1301:

  • Currently listed for $449,000 (parking extra)
  • Last sold in April 2002 for $429,000

Unit #1401:

  • Currently listed for $445,000 (parking is $40k extra)
  • Last sold in April 2008 for $510,000
  • Sold in September 2001 for $565,000

Did someone get a deal for the location?

Arthur Cirignani at Chicago Realty Partners had the listing. You can still see pictures of the interior here.

Unit #1501: 2 bedrooms, 2 baths, 1500 square feet

  • Sold in June 2002 (no price listed)
  • Lis pendens filed in August 2008
  • Bank owned in July 2010
  • Was listed in April 2011 for $365,000 (parking included)
  • Sold in June 2011 for $350,000 (parking included)
  • Assessments of $797 a month (includes heat, a/c, doorman)
  • Taxes of $7278
  • Central Air
  • Washer/dryer hook-up in the unit
  • Bedroom #1: 13×13
  • Bedroom #2: 13×13
  • Den: 12×11
  • Living room: 24×18
  • Kitchen: 10×9

This entry was posted on Monday, July 11th, 2011 at 7:27 am and is filed under Foreclosures, River North. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

6 Responses to “Bank Owned 2/2 in River North Sells: 421 W. Huron”

  1. I think its a good price for this neighborhood. I’ve never been a fan of this building but the unit is larger (1500 sq foot) than most in the neighborhood. The assessment is not bad considering it includes utilities. The taxes, however, seem out of line. The building should get reevaluated.

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  2. good deal even though the layout of the rooms is really funky and awkward

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  3. fwiw this is a 3BR not a 2BR. Makes a big difference when you’re thinking about the valuation here. Very nice unit.

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  4. Yeah, its technically a 3 bedroom but the square foot is really more like a large 2/2.

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  5. Nice unit, but geeze are those taxes and assessment high!

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  6. Place is kinda blah but I love that neighborhood. It’s quiet but still close to the loop and the busier parts of river north.

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