Iconic Building Week: A 2-Bedroom in the John Hancock: 175 E. Delaware
This 2-bedroom in the John Hancock Center at 175 E. Delaware in the Gold Coast came on the market in July 2016.
Built in 1969, the John Hancock has 700 units above commercial space and includes one of the highest residential units in the world.
This north facing unit has been renovated in the last 3 years.
At 1558 square feet, the prior listings said this is the largest 2/2 with den floor plan in the building.
It has red oak engineered wood flooring.
The kitchen has new St. Thomas custom cabinets, Arabian Nights granite countertops, a white subway tile backsplash and stainless steel appliances.
The bathrooms have new vanities.
It has a 9×8 “terrace” or den space with a window that vents (not all units have windows that vent, apparently.)
The unit has a Nest thermostat and in-unit washer/dryer. Parking is rental in the building.
According to the listing, the building has done a lot of upgrades recently.
The unit has 3 new a/c units, provided by the building, the parking garage was renovated, and the gym and indoor pool were also renovated this year (be sure to check out the picture of the indoor pool in the listing.)
This is a full amenity building with a supermarket.
There’s no doubt when you tell a Chicagoan you “live in the Hancock” they know exactly what you mean. No address required!
This unit originally listed for $599,000 in July and has been reduced $20,000 to $579,000.
Is this an affordable entry point for buyers who want views and the Gold Coast location?
Get ready for more “iconic” Chicago residential high rises all this week.
What do YOU consider to be the iconic residential buildings in the city?
Chime in now, or forever hold your peace.
And, by the way, it’s actually really hard to get a good picture of the outside of the John Hancock. It’s so massive you need to be further away. But then, if you are further away, you’d better have a really good camera in order to really capture it.
This is the best I could do with my crappy camera.
Martin Taradejna at Conlon has the listing. See the pictures here.
Unit #6304: 2 bedrooms, 2 baths, 1558 square feet
- Sold in January 1981 for $200,000 (per Zillow)
- Sold in March 2000 for $375,000
- Sold in December 2013 for $435,000 (per Zillow)
- Originally listed in July 2016 for $599,000
- Reduced
- Currently listed for $579,000
- Assessments of $1121 a month (includes doorman, cable, exercise room, pool, scavenger)
- Taxes of $8505
- No central air. 3 wall units
- Washer/Dryer in the unit
- Parking is rental in the building from $295 to $325 a month
- Bedroom #1: 16×27
- Bedroom #2: 14×11
- Terrace/den: 9×8
No sprinklers = no thanks
The low ceiling heights kill this building for me
The increase in taxes isn’t helping either
Needs some updating, and the kitchen is kind of ugly, but overall not a bad space. i wish the den had a window.
“The low ceiling heights kill this building for me
The increase in taxes isn’t helping either”
This
But other than that it looks like a good deal
Reasonable price point and assessments for an iconic building. I really don’t get why they decided not to go wood floors everywhere? The unit is too small to do the patch work on entry, kitchen and the bedrooms.
One major negative for me is rental parking.
As others noted, the low ceilings, high taxes, incomplete wood flooring, and lack of sprinklers are issues. Additionally, although I like the ‘sky terrace’ (being used as a den), it’s in an odd configuration as it’s off the living room and 2nd bedroom (rather than the master). Additionally, it’s personal taste, but I much, much prefer the south view (has to be lovely at night!).
FILMED ONE OF MY FIRST MUSIC VIDEO HERE. I RAWKKKKK!!!!!!!!!
https://www.youtube.com/watch?v=GQdp68zsK4I
WHO WANTS TO GRAB AN OLD STYLE??
Were they not required to sprinkler the common areas in this building?
wow Jan that is one of the greatest music videos of all time!!!
I heard from a couple of friends that I’ve known who lived in the Hancock, renovations are very, very difficult. If that’s true, it looks like this unit did a decent job.
My Hancock friends also made a big deal that there has never been a special assessment in the history of the building.
I think it’s a reasonable listing price for an iconic high rise building.
I don’t suppose that this is a good time to say that I really enjoyed “The Towering Inferno” 70’s movie.
http://abc7chicago.com/news/high-and-dry-questions-about-hancock-tower-fire-safety/1226663/
“One major negative for me is rental parking.”
Is it though?
I don’t know how they do it in this garage, but some have assigned reserved spaces for those paying for monthly parking. If so, it almost makes more sense to just rent the spot. Between HOA and taxes it’s probably $150 a month anyway.
“No sprinklers = no thanks”
I thought all city high rises were required to add it to the common areas. Isn’t that the reason for the big special assessment in some of the older vintage buildings?
So the odds of a fire escaping very far outside of 1 unit are a lot slimmer if the hallways all have some kind of sprinkler system.
So it looks like they ARE required to have sprinklers in all the hallways.
From the ABC 7 article that duffer posted the link to:
Only the residential portion of the building is subject to the Life Safety ordinance, the commercial portion is required to install sprinklers. However, the city completed inspections of all building floors prior to the approval of the life safety inspection for the residential portion of the building. Inspectors confirmed that many floors have a working sprinkler system and the remaining floors are required to install sprinklers by the January 1, 2017 deadline. Relevant dates:
1. November 3, 2014 – Residential portion passed (44th thru 92nd Floors)
2. November 6, 2014 – all Commercial floors, Broadcasting portions, Restaurant, Retail floors (Observation Deck on 94th Floor passed)
3. January 28, 2015 – Broadcasting spaces passed (93rd floor and 97th floor – will sprinkler by December 2016)
4. February 26, 2015 Mechanical floors (16th, 43rd, 98th, 99th), partial Commercial spaces (44th) and parking garage (4th thru 13th floors), Restaurant (95th and 96th floors – will sprinkler by January 1, 2017) – all passed
5. June 23, 2015 Commercial floors passed (14th thru 42nd floors)
6. July 22, 2015 Retail floors passed (Lower level, 1st and 2nd floor)
I put an offer on a studio here but was outbid. The building is very well run. Fun facts: They have 25 people on the board. As a building resident, you are always guaranteed a seat at the Cheesecake Factory. There are still phones on the walls in each apartment that allow you to call in the building like the doorman, store, other residents.