Live Near the Olympic Stadium: 840 E. 52nd Street in Hyde Park
For the last year or so, the Washington Park area in Hyde Park, home to the Olympic Stadium if Chicago succeeds in securing the 2016 Olympic Games, has been a hotbed of real estate speculation and “what ifs”.
I recently stumbled across this 6-unit luxury conversion at 840 East 52nd Street. It is literally a block away from the northern end of Washington Park, which will be the location of the stadium.
From what I can tell, 3 out of the 6 units are currently on the market.
The units have been gutted with all new kitchens and baths.
What would you pay to live near the Olympic Stadium?
Here’s the listing from the development:
Stunning new Hyde Park development – everything is brand new in this beautiful 2 bedroom, 2 and a half bath top floor unit. Hardwood throughout, marble fireplace, designer lighting, cherry kitchen to die for with high end appliances, granite, fantastic bathrooms – master with separate shower enclosure with radio.
Large inviting great room, lots of south facing windows, an incredible lobby, parking and storage.
840 E. 52nd Street:
- #1E: 4 bedrooms, 3.5 baths, 1 car parking, 2600 square feet: listed at $599,000
- #2E: 2 bedrooms, 2.5 baths, 1 car parking: listed at $299,900
- #3E: 2 bedrooms, 2.5 baths, 1 car parking: listed at $309,000
Assessments range from $100 to $150 a month depending on the unit.
Madelaine Gerbaulet-Vanasse at MetroPro has the listing. See more pictures here.
This cracks me up. Who would someone pay extra for a place near a temporary stadium that may or may not be built eight years from now? This place really looks like some developer with no taste trying to cram as many gaudy finishes into one unit as possible. The shower, that ridiculous vanity, and those double recessed ceilings…why in the world do developers think you can just add a bunch of multi-tiered ridges to a ceiling and that somehow makes it look expensive and increases value?
The shower is hilarious
“those double recessed ceilings”
Looks like the lower one is hiding some ductwork and they wanted symmetry and a less cliff-like edge. I don’t like it, but I understand it.
Why would you want to live accross from the Stadium anyway? What a traffic/congestion/noise nightmare.
That is easily the ugliest, most mismatched bathroom ever.
i don’t understand why they chose to cram that blue shower in there when they could have put a nozzle in the bathtub for showering. is it no longer hip to shower in the bath?
oh, and if you check the reflection in the mirror the shower is a little too big for that spot and juts out a little.
Yuck. I think you could pay that to live in a three bedroom in a better part of the neighborhood. Even if there’s not a stadium, you’d be near all the mess around Barry No’s house and his secret service barricades. One advantage is the rush hour express bus to the loop though.
At first glance, I thought that shower was some kind of stand up tanning booth.
Beem me up, Scotty! The shower looks like a teletransporter out of Star Trek. The kitchen and the front room are not bad. The neighborhood in general is on an upswing and even if the Olympics do not come, it’s good to see some development in this area. I have wondered for a long time why some of the positive growth in Hyde Park stops at Washington Park and doesn’t move any further westward. If the Olympics did come, it would be nice to see some projects that benefit some of those more blighted areas.
While I believe it is nicely done (except the shower), 300k for a 2br in Hyde Park for a condo is delusional.
The Hyde Park houses are indeed worth close to a million, but the condo market is different as its a completely different market. Typically the houses are owned by dual income professors and the condos are owned by everyone else. 2br condos in HP go for lower 200s. Maybe 240k with parking.
Ugh, that bathroom is heinous! Hyde Park would be nice if you had a family and a real house, but for a condo… not so much, unless you had some tie to U of C. And this part of Hyde Park is not desirable because it’s a bit too far from the lake, the 6 bus, and the small amount of retail in the area. And I seriously doubt that Chicago will get the Olympics.