Get Your Wraparound Terrace and Stunning Downtown City Views Here: 435 W. Erie in River North
This 2-bedroom duplex penthouse unit in the highrise at 435 W. Erie in River North is true city living.
With a wraparound terrace and southeast facing views, you can watch the entire city skyline twinkle all evening long (check out the outstanding night pictures taken by the Jennifer Ames’ team on the link below.)
The living/dining room has two story ceilings. There is also a family room on the main level.
The kitchen is DeGiulio with Siematic cabinets and luxury appliances.
The duplex unit has both bedrooms on the second floor. And did I mention the views? Oh yes, more views.
The property was listed last year and then withdrawn. I’ve been told it was listed for $1.4 million.
It is now listed as a short sale and was recently reduced $100,000.
Is this a steal now?
Jennifer Ames at Coldwell Banker has the listing. See the pictures and a floor plan here.
Unit #2201: 2 bedrooms, 2.5 baths, 2 car tandem parking, no square footage listed, duplex
- Sold in March 1999 for $340,500
- Originally listed in May 2009
- Withdrawn
- Lis pendens filed in May 2010
- Re-listed in June 2010 as a “short sale” for $995,000
- Reduced
- Currently listed at $895,000
- Assessments of $1241 a month (includes heat, a/c, doorman)
- Taxes of $9633
- Bedroom #1: 15×14 (second floor)
- Bedroom #2: 11×13 (second floor)
- Family room: 15×11 (main level)
Was the ’99 sale price for one of two units later combined, or for raw space or something?
Wow – if I could I would in a heartbeat.
The floor plan makes it look really small for the price.
Absolutely beautiful except for the assesments. I have yet to find a decent duplex in a high rise with assesments under 1k. Such a drag… Still seems a bit high at ap though, 750 perhaps? Def 2k sq ft.
N i c e S p r e a d.
What James said.
Anothing thing, has the owner changed since ’99 (kinda following anon’s lead here)? What’s the deal with the 340 original sp and a bank pretty much ending up with it; short sale aimed at “re-establishing market value?”
God damn this is pretty much perfect, brb robbing banks
Awesome, its like my view from my balcony but 3x better!
i could spend all summer out on that terrace!
I always wondered what the Penthouses in this building were like, very very nice
If I’m reading the floor plan right, even the HVAC system in the corner of the living room is nice looking. Great job.
TO ALL AGENTS OUT THERE….
this is how you list a place and earn your pay. Ames team even has a full brocher in PDF on the website!!!
I had to scroll back to the top to see if I was still on Crib Chatter and not Curbed NYC…
Absolutely spectacular penthouse…no matter how long I searched for something I did not like, I could not find it. Well, didn’t really care for the DR chandelier then I noticed the owners were taking it with them.
Now everytime a lame butted real estate agent gives some foul reasoning for not listing sq ft or a floorplan, we can, as a group, type in the link for this utterly fantastic unit. And it is next door to my favorite building which had the penthouse available as well. That one doesn’t even compare to this one though. When can I place an offer?
I even LOVE the furnishings, which is something that NEVER happens, no matter which city I am in!
Did I read right that this is an agent owned unit? And it is a short sale? Hhhhmmmmm….
Regardless…I am speechless….This is what ALL downtown Chicago condos should aspire to be!
Jenny is the only Yale (perhaps even Ivy) educated realtor I know of in Chicago. I get a huge kick out of that. None of this state school BS.
“Jenny is the only Yale (perhaps even Ivy) educated realtor I know of in Chicago.”
Well, this one:
http://x113050.yourkwagent.com/
claims to have received a “double JD”* from Yale this year. So there may be two.
*cited for the extreme funny.
ATTENTION AGENTS…..
look at details she put in the brochure, (from the PDF)
A breakdown of
the monthly assessment is below:
• Unit Assessment: $857.08
• Utilities Fee: $283.64
• Unit Capital Reserve Contribution: $41.03
• Parking Assessment: $56.99
• Parking Capital Reserve Contribution: $2.73
• Total: $1,241.47
all this detail for “just” a 900k unit!!! most a 2.5 mill dont even get this type of service from an agent.
btw, wonder if she would do this level on my crap shack?
“having had worked for major banks like formally Bank One and the ABN AMRO LaSalle.”
??????? “having had” and “formally”
Bejeebus
“My country is the world, and my religion is to do good”.
Spoken like a true double JD. Perhaps that is the degree Jimmy John’s gives their sandwich doctors — the JJD.
I wonder if she is an Eastern European spy…
http://agentgenius.com/real-estate-news-events/alleged-hot-russian-spy-a-real-estate-agent-another-a-redfin-staffer/
There is no way that profile is real, does anyone actually ask her to sell their property after visiting that site?
Russ that is hilarious.
Speaking of which, what is the best rate you are seeing on 30 yr jumbos right now. I have heard they recently came WAY in.
Would take one to buy this place and since I am in need of a high end flophouse…
Yale Law is easily the most difficult professional school to be admitted to in the US.
The person that wrote that profile *did not* ever attend Yale Law as a traditional JD student.
I’ll assume she meant LLM, which would make sense. Considering she couldn’t even get that right it’s a safe bet she never attended any non-profit law school in the US.
Nice pad. Isn’t it WAY too nice for that building though? What kind of shape is the bulding in? It would be a shame to buy this place only to see all the other owners walk away over the next two years.
Hot damn
A floor plan
What’s the surrounding block or two like?
Anyone have the limk to penthouse on the market In the building next door?
“What’s the surrounding block or two like?”
very nice, its the neighborhoody part of River north… huge SFH’s and some other high end stuff all around, park nearby, close to the El but not too close, close to the highway but not too close, and its off the tourist strip too which is nice
oh and let me add that this isn’t a very big place for the price but oh man I sure as hell wish it was mine
let’s not forget to give credit to this realtor’s team – as you guys probably already know, it is usually the team doing the majority of the work (who knows if this particular realtor even saw this property)
@jmm… If you can swing a 35% down payment, 4.125% on a 7/1 ARM up to $850k. No points.
JMM-
I have seen 4.75% 997k loan amount 30 year fixed.
MGG
Now THIS is beautiful! Lovely modern architecture and the very apex of Big City Glam. Everything is perfect here.
I’m really surprised that it can’t fetch at least $1.4M. $895K seems cheap.
If this place can’t get at least $1M, then the high-end market is very weak indeed. But of course it has to be weak- there are very few people who can afford this on any terms, and jumbo financing has dried up, now that the high-end defaults are beginning to cascade. These big foreclosures will cost the lenders far more than the subprime did.
spectacular. How did they get the oak(?) floor planks to be so uniform looking?
Why would anyone choose master bathroom vanity cabinets on legs? wouldn’t dust and hair collect under there?
Its small but I too would have thought this would fetch a million. Its on a great block, great views, a real terrace and high end finishes.
Oak plank floors are more uniform if you get white oak (tan in color, not reddish) and rift or quarter sawn (which costs twice as much as builder quality plain sawn). Also, for a more modern finish use a water based stain, not an oil based stain.
But its not TRUMP quality. Quality I say… 🙂 j/k
there are more million dollar homes for sale than there are millionaires willing to buy them. Open up the subprime floodgates again and this might fetch a millionaire, when its sold to a thirty-thousandaire.
Small rooms but awesome terrace. Fun in the warm months too intimate in the winter. BTW the dust bunnies and hair would be tended to by the maid. At 895k+ few owners are doing their own cleaning!
You don’t need to be a millionaire to own this place, just a 300kaire which exists quite frequently, but most of the younger people that this place would appeal to for some reason like buying huge houses in the burbs instead, can’t say I blame them if they plan on raising a family… Wells Community High school is one of the worst schools in the city
this is very tempting. pretty much exactly what i am looking for as a mid 20s person with some money in the bank. i’m not crazy about the feel of the immediate block or two around this place, but everything else is A++
I don’t understand how ppl think this is a small condo at 2400 sq ft? There might be a slight difference in their measurements as they round up or doen to the nearest foot….even then though, this is not a small unit. Look at other 2/2.1’s, you are lucky to break the 1200 sq ft mark.
Having bathroom (even kitchen islands) that are elevated on legs makes the cleaning easier and maintenance issues such as leaky pipes, would be easier to spot with out the base going all the way to the floor.
In both of my places, all cabs/vanities/islands are raised at least 6″. I have never experienced any sort of cleaning issues.
The uniformity of the flooring is the result of a high quality product and professional installation. If you have deficiencies on either component, you will see all of the flaws. Oak floors are the most difficult to lay properly but when done correctly the end result is perfection.
I did receive the floorplan from the agent representing the cool penthouse two buildings down…and while it was a very unique layout, it does not compare at all with this unit. I just trashed the floorplan but if you contact the agent, he will forward it to you.
everyone keeps saying it seems small for the square footage, what is the square footage??
Also anyone know anything about the building?
what’s wrong with the surrounding area? You have a beautiful park just west (with an awesome farmers market on Sundays) a ton of amazing restaurants everywhere, East Bank club a 10 minute walk to the south, tons of high end art galleries & furniture stores to the east. Transit to every part of the city is easy from this location. Trust me I live a block from here I know 🙂
yeah, i’ just prefer the feel of old town or east LP to this section of RN, those are also more convenient for work for me.
i think everything about the unit is spectacular. anyone have any insight on where this ends at? hard to find some real comps for this place.
Yeah this area is certainly much more “dense urban style” than OT/LP
To each their own
Tay
Buy it but only if you can stand living there for 8 to 10 years. I’d bet that whoever buys it will love the place. The neighborhood will be fine it is a short taxi from RN or OT but there are some great tradeoffs. When it is time to sell it will continue to be a seriously unique and interesting space. I’m sure that it will need some updates in 10 years but on any 10 year home you are really only buying the template and not the exact finishes. In this space that is interesting. Look at all the positive glowing cc blogs. How often do you see that many happy responses on this site?
I’d say that if you can afford it comfortably at least go to see the space. The price will be dictated only by the sellers immediate needs. No one can really guess that sense of urgency.
Hi Groove77,
In response to “btw, wonder if she would do this level on my crap shack?”
Look at the brochure she made for a friend’s property and it’s priced at $299K!!!
http://www.leapre.com/PDFViewer.asp? Brochure=leap/brochures/BR8926534958.PDF
Summer09,
absolutly amazing!!!
She (and her “team”) should teach a required class for anyone to keep their license.
too all re agents out there wanna learn how to be top of your game take notes you bastardz.