Gut Renovated Corner 3-Bedroom with Parking in Printers Row for $680,000: 701 S. Wells
This 3-bedroom in Wells Street Tower at 701 S. Wells in Printers Row neighborhood of the South Loop came on the market in March 2026.
Built in 2002, Wells Street Tower was a big deal at that time because it was the first new condo tower in the Printer’s Row neighborhood in years. It has 170 units and attached garage parking.
The building has 24 door staff, a fitness center, business center, library, on-site manager/engineer, a sundeck and bike room.
It is a southeast corner unit with panoramic views of the Lake, city skyline, and the Chicago River.
The listing says this corner unit has been “gut renovated.” It says that “no expense was spared.”
The unit has herringbone hardwood floors in the living and dining room which is open concept with the kitchen.
There is a gas fireplace framed in Italian Carrera marble with wood paneling in the living room
The kitchen is “chef-inspired” with an oversized island with blue base cabinets and seating for 4, custom high gloss white cabinetry, quartz countertops, stainless steel appliances, and a backsplash.
There is designer gold lighting throughout.
The unit has custom remote controlled shades.
There is a balcony off the living room, which faces south.
The primary suite has custom wood paneling, a walk-in-closet, and a spa-like en suite marble bath with designer dual vanities and a large shower. It also has gold finishes.
There’s a renovated guest bathroom and powder room.
This unit has the features buyers look for including central air, side-by-side washer/dryer, and deeded parking is available for $30,000.
This building is across the street from major development including new apartments and condo high-rise buildings. The picture above is older and from before the new buildings which you can see in this more recent picture below. This unit is south and east facing while the new development is west.
It is near the 78 development which is just south, which includes the new Chicago Fire soccer stadium, which recently broke ground. There are buses and subway stops nearby as well as the shops and restaurants of Printer’s Row and the Loop.
Listed in March 2026 for $650,000, this is $180,000 more than the sales price in July 2023 of $470,000.
Compared to new construction 3-bedrooms in nearby buildings, is this a deal at $650,000?
Bari Levine and Elena Theodoros at @properties Christie’s have the listing. See the pictures here. Sorry, no floor plan but you can see it in the 2023 listing.
Unit #2303: 3 bedrooms, 2.5 baths, no square footage listed
- Sold in May 2003 for $424,500
- Sold in September 2005 for $512,000
- Lis pendens filed in September 2008
- Sold in July 2009 for $325,000
- Sold in July 2023 for $470,000
- Currently listed after “gut renovation” for $650,000
- Assessments of $1431 a month (includes heat, a/c, gas, doorman, cable, exercise room, exterior maintenance, scavenger, snow removal, Internet)
- Taxes of $10,323
- Central Air
- Side-by-side washer/dryer in the unit
- Deeded parking is $30,000 extra
- Southeast corner
- Gas fireplace
- Bedroom #1: 21×13
- Bedroom #2: 16×13
- Bedroom #3: 11×11
- Living/dining room combo: 20×16
- Kitchen: 19×10
- Foyer: 10×7
- Walk-in-closet: 7×5
- Laundry: 6×5
- Balcony
The common area renovations really cheapen a building that is already lacking soul. The decor looks like it was selected by a recent sorority graduate on a shoestring budget and will be firmly in outdated territory by next year.
Very nice floorplan (excellent roommate layout) but wonder about the decision to have no bathtub. Also, nice views and great light. Some of the finishes will show their age but paint can do wonders – enough with the blue lower cabinets, and lightening fixtures can be change. Bathrooms look good, nice job with the flooring, and the location is definitely personal preference but lots of stuff you can walk to, and only getting better. Asking price is aggressive but it’s a deal versus newer buildings.
I *abhor* the abuse of the language inherent in “no expense spared” and then seeing a microhood and midrange Bosch appliances.
The ugly ass vent at (tall person) eye level in the dining nook is also an “expense spared”.
AND the listing notes that the unit next door is also available…if no expense was spared, why weren’t they combined and updated into a single ginormous unit??
Are those decisions 100% appropriate given the size of the units and the nature of the building? Of course!!
But don’t fucking lie to yourself and the world by claiming “no expense spared” in the reno.
Those geometric trimmed walls behind the TV and and in the primary are already out of date.
Much better deals at the Reed down the street. Modern amenities for half the HOA too.
“Much better deals at the Reed down the street. Modern amenities for half the HOA too.”
It’s brand new so that’s why the HOA is so much lower. Could be that the building hasn’t even been turned over to the owners from the developer yet.
Also, are you getting this square footage for $680,000? I’m assuming the three bedrooms are over $1 million The Reed.
This unit is now contingent.
This is a good price for a 3-bedroom. Kitchen and bathrooms are renovated so you can just move in.
Reed 3 beds start at $1.25m. But at 1600+ sf. This one isn’t more than ~1200.
Yes, still a better value
“Yes, still a better value”
701 s Wells is a better value?
The Reed has all the new amenities, obviously. If that’s what you’re looking for. This unit is 1689 square feet, according to the listing for 2203, the unit below it. Seems like $680,000 is a huge deal if you’re looking for the square footage.
Yes, the feature is a better value than the Reed.
And: I looked at the floor plan wrong. The feature is something like 1600 sf, too.
But: 1689 is only possible by counting the balcony.