Get a 1-Bedroom with Skyline Views for $235,000: 100 E. Walton in the Gold Coast
This 1-bedroom in Walton Colannade at 100 E. Walton in the Gold Coast came on the market in August 2022.
Built in 1972, the Walton Colannnade has 240 units and attached leased garage parking.
It’s a full amenity building with doorstaff, a rooftop pool, exercise room, party room, and full-time manager and assistant manager on-site.
The listing says this unit has south skyline views with “brilliant” city lights.
It has cherry hardwood floors throughout and 8 floor-to-ceiling windows with custom screen roller shades.
The kitchen is “U” shaped and has white cabinets, granite counter tops and stainless steel appliances.
The unit has a marble bathroom with a linen closet.
It also has the features that buyers look for including central air and washer/dryer in the unit. Garage parking is available for lease in the building.
The listing says the building has no special assessment and $1.2 million in reserves and just completed tuckpointing, putting in new elevators, hallways, new circuit breakers in the condos, and refurbished the pool and sundeck.
Thinking of renting it out? The listing says you have to live in it for 18 months before doing so.
The listing agent is apparently the owner. She writes: “I own this condo. After selling my home I hurriedly bought here as a “temporary fix” until I decided where to move. 12 years later I am still living here. I have loved it. You will too.”
Originally listed in August at $235,000, it went under contract in September. But it has come back on the market again at $235,000.
This building is near Oak Street Beach, the Mag Mile, Rush Street and all the shops and restaurants of the surrounding neighborhoods.
If you want to be in the heart of the pulse of the city, and like views, is this a better deal than renting 670 square feet?
Connie Atterbury at Dream Town has the listing (and agent owned). See the pictures and floor plan here.
Unit #36E: 1 bedroom, 1 bath, 670 square feet
- Sold in January 1993 for $65,000
- Sold in September 2006 for $258,500
- Originally listed in August 2022 for $235,000
- Under contract in September 2022
- Re-listed in December 2022 for $235,000
- Assessments of $815 a month (includes heat, a/c, doorman, exercise room, pool, exterior maintenance, scavenger, snow removal, basic cable)
- Taxes of $3365 a month
- Leased parking in the building
- Central Air
- Washer/dryer in the unit
- Bedroom: 12×12
- Kitchen: 10×7
- Living room: 19×14
- Laundry: 3×4
It’s “Make anonny feel better about his life choices that led to him having a tiny home with squalid appliances week” on CC. Thanks?
Place is pretty decent for the price point. HOA fee’s approaching P&I is never good.
Anyone buying this better have a long-term plans for living here.
Taxes are the 2020 amount, which includes a senior exemption.
’21 taxes are $3,155.43 + $535.76 (sr) + $669.70 (HO–if a PaT, and not lying) or $4,360.89.
“After selling my home I hurriedly bought here … 12 years later”
Might want to update the copy originally written 4 years ago.
Nice enough place –really good location, if you want to be in the Mag-Mile x GC area.
Building itself is royalty in the realm of curb repel (altho it is ‘fine’ on the upper floors) and the midblock area there is generally pretty blah with the 900 North wall, and then the parking garage.
Appliances appear to be 16-17 years old, too, and both the fridge and d/w likely due for an upgrade–I’d try to negotiate a new appliance package into the purchase (not as a credit), with delivery after closing, so I can restart the clock on replacing them.
Nice place to have for parents/g’parents who have a sand state primary residence.
I’m digging the views from this unit, but could those views be blocked eventually? Just wonder what the deal is with those lower rise buildings.
I think this would make a great in-town.
“could those views be blocked eventually”
Are the Whitehall Hotel or (former) Quigley Prep likely to get replaced?
The view corridor to the east of 111 Chestnut/Park Hyatt seems to be pretty safe–it’s basically down Boul Mich.
To the west of those two, if Whitehall and Quigley aren’t at risk, the next spot seems to me to be the Episcopal Diocese building and lot behind St James, at Huron. The (long expired, ~2013) PD ordinance for that site called for a 750′ oval-ish apartment tower–the view effect for this unit being mostly to block 55 E Erie.
“Taxes of $3365 a month”
Well, we might get there eventually…. might as well budget for it.
“Are the Whitehall Hotel or (former) Quigley Prep likely to get replaced?”
Yes. Especially the Whitehall Hotel. Quigley is landmarked.
I didn’t know what was the low rise building across the street from this but I see it’s part of the shopping mall so that’s fine. That’s not going anywhere. On the next street south, there has long been discussion about a new building where the Selina hotel is now. The Whitehall is on the opposite side of the street.
““could those views be blocked eventually”
Are the Whitehall Hotel or (former) Quigley Prep likely to get replaced?
The view corridor to the east of 111 Chestnut/Park Hyatt seems to be pretty safe–it’s basically down Boul Mich.
To the west of those two, if Whitehall and Quigley aren’t at risk, the next spot seems to me to be the Episcopal Diocese building and lot behind St James, at Huron. The (long expired, ~2013) PD ordinance for that site called for a 750? oval-ish apartment tower–the view effect for this unit being mostly to block 55 E Erie.”
Does the GC warrant redevelopment?
Would think developers would prefer building in one of new mega developments Vs chasing the dragon in the GC
“Are the Whitehall Hotel or (former) Quigley Prep likely to get replaced?”
Yes. There has been discussion of a new condo tower for years at the Salina. Why not the Whitehall that is behind it too?
Also has been talk of a tower on the property of the church next door. The Catholic church, Quigley, is triple landmarked protected. It’s not going anywhere although they really should convert most of it into apartments.
“Does the GC warrant redevelopment?
Would think developers would prefer building in one of new mega developments Vs chasing the dragon in the GC”
One of the most successful luxury buildings in the Gold Coast is just a few blocks away in No 9 Walton. So, yes, if they can get the land, they will build it. But also more likely would be apartments. Similar to the new apartment tower expected to go up in the Viagra Triangle on the Barnes & Noble site.
“One of the most successful luxury buildings in the Gold Coast is just a few blocks away in No 9 Walton. So, yes, if they can get the land, they will build it. But also more likely would be apartments. Similar to the new apartment tower expected to go up in the Viagra Triangle on the Barnes & Noble site.”
Is the B&N property the one they started on in 19? And the one that got reduced by 1/3 due to the Ald/Residents?
Hence the question I posed, its easier to build elsewhere
“Also has been talk of a tower on the property of the church next door. The Catholic church, Quigley, is triple landmarked protected. It’s not going anywhere although they really should convert most of it into apartments.”
I wonder how many of the churches that have been converted to condos were Catholic? Apartments I suppose (built via ground lease), but probably very rare as condos. Seldom do the Catholic Church or McD’s ever fully dispose of their real estate.
“Similar to the new apartment tower expected to go up in the Viagra Triangle on the Barnes & Noble site”
I dropped the VT term in a NextDoor thread the other day discussing the best pizza here (someone was mentioning getting LM’s shipped to here). A handful of Chicago transplants loved hearing the reference; a handful of non-Chicagoans were, predictably, mildly outraged.
“”
It’s “Make anonny feel better about his life choices that led to him having a tiny home with squalid appliances week” on CC. Thanks?
“”
could we have a little more context on this? Most of the postings were for high rises and I don’t recall you really shopping for high rise rentals while you were still here in the east Wrigley / LP (heaven forbid west of clark) time period.
or is this a shot on Chicago taxes?
“I wonder how many of the churches that have been converted to condos were Catholic? Apartments I suppose (built via ground lease), but probably very rare as condos. Seldom do the Catholic Church or McD’s ever fully dispose of their real estate.”
The Catholic church has shut a lot of churches. Some of them have been converted into condos/apartments. I don’t know the exact number.
Quigley was a high school seminary until 2007 when it was closed. The Catholic church uses some of it as offices now. They should convert it and turn it into rental apartments.
The other side of the complex is St James Chapel:
“Quigley’s Saint James Chapel, inspired by Paris’ Sainte Chapelle, was completed in 1919. Its French Gothic Revival design, with its arched windows and soaring vertical buttresses, and exterior walls surrounded and guarded by statues of saints, has been called, “a hidden jewel” in the midst of a bustling commercial and residential neighborhood on Chicago’s Gold Coast.”
https://legacy.archchicago.org/saintjameschapel/default.htm
“Is the B&N property the one they started on in 19? And the one that got reduced by 1/3 due to the Ald/Residents?”
Nope. Barnes & Noble was open until the pandemic hit. They haven’t started on this building yet but the parking lot is fenced off. There are always multiple rounds of designs submitted to alderman. This is a prominent location in a high profile neighborhood. Do you think you will be able to just build anything?
I’m still surprised that Tavern on Rush owners aren’t tearing that down and just combining with Carmine’s site for a massive tower there. But neither is building a tower. Shocker. New Carmine building will have just 1 apartment on the top floor. Lol.
I was going to crib on this vintage unit at 210 E. Pearson but it has gone under contract in just 4 days. Wow.
3-bedrooms listed at $609,900.
https://www.redfin.com/IL/Chicago/210-E-Pearson-St-60611/unit-12C/home/14117806
That unit came on the market in September
““Is the B&N property the one they started on in 19? And the one that got reduced by 1/3 due to the Ald/Residents?”
Nope.”
Talking past each other here.
Yes, it is the one that was first proposed in ’19 and then cut by a quarter (not a third):
https://chicago.urbanize.city/post/345-foot-tall-gold-coast-rental-tower-advances
“under contract in just 4 days. Wow.”
Uh???
Dec 2, 2022 Contingent (Contingent – Continue to Show) MRED #11636566
Sep 23, 2022 Listed (Active) MRED #11636566 [same ask, per zillow]
“listed at $609,900”
Purchase + CPI = $635k.
Jan-13 price + CPI = $670k
[ignore bubble price, but: $875k]
Jun-02 price + CPI = $780k
And that doesn’t count the (nice! if not what I would pick) reno of the kitchen and baths. It’s in a high rise, so I have to assume it was at least 2x what I think it would be, so +/- $200k, right?
Looks like that place is dying a slow death.
“Yes, it is the one that was first proposed in ’19 and then cut by a quarter (not a third):”
They never “started” it. It hasn’t even been started now. The Barnes & Noble wasn’t even shut until 2020.
Like I said, talking past each other.
Or being deliberately obtuse