Designer Interior With City Views in the Legacy: 1-Bedroom at 60 E. Monroe in the Loop
This 1-bedroom on the 42nd floor in The Legacy at 60 E. Monroe near Millennial Park in the Loop came on the market in June 2018.
The Legacy was built in 2009 and has 355 units and a parking garage. It’s a full service building which has both city and Millennial Park/lake views.
This unit has designer built, custom minimalist interiors.
It has wide plank light oak floors, custom cabinets and built-ins by Great Lakes Millworks.
There’s European lighting.
It has an ethanol fireplace enclosed in a glass cube.
The kitchen has white and wood modern cabinets with Bosch and Subzero appliances.
There are Kohler and Duravit fixtures.
This unit faces west so it has city views, not lake views.
It has a 4’9 x 9’5 private terrace.
The unit has central air, washer/dyer in the unit and parking is available to buy or rent in the building.
Originally listed in June 2018 for $639,000, it has been reduced $10,000 to $629,000.
That’s still $89,000 above the 2015 sales price of $540,000, which had the same fixtures and built-ins.
Can it get the premium over the 2015 price just 3 years later?
Eileen Brennan at Berkshire Hathaway KoenigRubloff has the listing. See the pictures here.
Or you can see it in person at the Open House on Oct 21 from 11 am to 1 pm.
Unit #4205: 1 bedroom, 1.5 baths, listing says “over 1000 square feet”
- Sold in September 2010 for $487,500 (included parking)
- Sold in October 2015 for $540,000 (did not include parking)
- Originally listed in June 2018 for $639,000
- Reduced
- Currently listed at $629,000
- Assessments of $537 a month (includes a/c, gas, doorman, cable, Internet, exercise room, pool, exterior maintenance, scavenger, snow removal)
- Taxes of $8677
- Central Air
- Washer/dryer in the unit
- No parking- but its available to buy or rent in the building
- Terrace: 4’9×9’5
- Bedroom: 11×17
- Living room: 17×14
- Kitchen: 8×10
- Galley: 8×10
Designer Interior??? Hokay……
It must be the preferred non-lake view thats commanding the premium…
I was really expecting to be impressed.
Realtor really went all out with the photos
Is the back painted glass “slider” operable? Looks like there’s an outlet in the glass so not sure how that would work. Looks like you’ve got 18″ in from of the bed to maneuver
So screwing a Room & Board bookshelf into the wall is now considered Built In ?
I dont see a shower
Mental note, Remove Jorge Romero from any consideration for interior design
“Looks like there’s an outlet in the glass so not sure how that would work.”
at first i thought the same but the outlet could be behind the glass door. looks like the track extends to the left (out of picture) therefor the door has to be closed to access the outlet.
better pic here of the previous listing. (pic 8)
https://www.redfin.com/IL/Chicago/60-E-Monroe-St-60603/unit-4205/home/21847395/mred-08936850
I’m wondering whether that large picture on the ledge in the living room is one of those TVs made to look like framed art? Otherwise, very poor use of space. This unit actually has almost no room for furniture one would bring in, other than a sofa, a lounge chair a bed, and a small table and a couple of chairs to squeeze in to eat off of! I suppose you can see this as a positive if you’re just starting out and own nothing at all, or moving from out of town and welcome to opportunity not to have to hire a moving van!
The same 05 tier units on the 47th and 48th floor have one additional bedroom – resulting in units that is around 160 sf larger. (You can see the floor plans on both the listings and extrapolate the floor plan of #4205 by cutting off one of the bedroom.)
#4705 actually sold for $14,000 LESS 5 months ago than #4805 did 3 years ago. (Both have fairly identical interiors). Based on the $508/sf sale price ($604,000) of the recent sale of #4705, you can calculate the equivalent for #4205 would be $520,690. Give a (very generous) $50,000 for the designer upgrades, and you still only get around $570,690.
https://www.redfin.com/IL/Chicago/60-E-Monroe-St-60603/unit-4705/home/13043281
https://www.redfin.com/IL/Chicago/60-E-Monroe-St-60603/unit-4805/home/21847708
“So screwing a Room & Board bookshelf into the wall is now considered Built In ?”
The cabinetry lining the living room walls and possibly in the bedroom (but I didn’t look at before and after pics that close for the bedroom) were all there in the last sale so they must be built-in some way.
#4405 is another unit from the same tier with an additional bedroom. It sold a year and a half ago for $587,500.
https://www.redfin.com/IL/Chicago/60-E-Monroe-St-60603/unit-4405/home/45512596
Underwhelming shall we say? Interior designer? Must be a day drinker as well.
I like this unit! Nice little place for an in-city apartment for some suburban couple, I’m guessing.
@JohnnyU “I dont see a shower”
Look in the mirror in the bathroom picture, it’s behind the door barely visible
Reduced to 590K still for sale
It’s down to 590k now. It mentions “Private 4’9″x9’5″ terrace” but this again is used RE salesperson lingo: there IS a terrace and there IS a very small outdoor space similar to all other units at the Legacy not on the terrace level (15th floor 2+ bedroom units), but this has the worst of both worlds.
It is on the 42nd floor terrace level but that is accessible to everyone in the building. So your “private” outdoor space” is viewable to anyone on this terrace who looks to the left. So not exactly private. A bit less so than the outdoor space on most other units but obviously a lot moreso than true terrace level units.
The 590k reduced price is still way out of line. The same tier units on the 10 floors above this unit have an additional bedroom, adding 160 sf to the unit, and two of those units sold in 2018 WITH parking included for $604,000 and $605,000, respectively. This one does not come with parking, so the price adjusted for the square foot difference should be around $480,000. Paying $110,000 for the upgrades is a stretch, even if you value them. The built-ins and kitchen cabinets are veneer, some of which are already starting to peel, and the one long wall in the living room which could be used for furniture placement is completely taken up by a long functionally useless ledge and a row of single storage drawers and the ethanol fireplace (which you can buy for a few hundred dollars). That wall has a laminate decorative panel on it which you would have to drill multiple holes into just to wire and put up a TV on that wall. The designer seems to have designed this space identically to how a fancy hotel suite would be done, not a residential apartment. It is not surprising that they are having trouble finding a buyer.
Just relisted at 565k.