Love City Views? Completely Renovated 2/2 in the Gold Coast: 1230 N. State Parkway
This 2-bedroom on the 26th floor in State Tower at 1230 N. State Parkway in the Gold Coast just came on the market.
This building was construction in 1979 and has 92 units and an attached garage. It’s a doorman building which also has a club room, an exercise room and a rooftop deck.
This unit is in the preferred southeast tier, which means it has both lake and city views.
It has a balcony that faces east.
There’s also a wall of windows that faces south, with views of the John Hancock (yes, I’m still calling it that) and the other high rises of the near north side.
The listing says the unit was “completely renovated” in 2016.
It has light colored hardwood floors throughout.
The kitchen has new white cabinets, high-end stainless steel appliances, a wine refrigerator, quartz counter tops and a tile backsplash.
It has all-new bathrooms.
There’s a separate laundry room with a side-by-side washer/dryer and storage.
The unit has central air but there’s no deeded parking. The last time the property sold with parking was in 2001.
At $565,000, is this the perfect property for someone who wants views and also wants move-in ready?
Aelee Han at Berkshire Hathaway HomeServices has the listing. See the pictures here.
Or see it at the Open House this Saturday and Sunday, Feb 22 and 23, from 1-3 PM.
Unit #26A: 2 bedrooms, 2 baths, 1250 square feet
- Sold in March 1989 for $221,000 (included parking)
- Sold in May 1999 for $295,000 (included parking)
- Sold in November 2001 for $510,000 (included parking)
- Sold in November 2006 for $565,000 (no parking)
- Sold in March 2016 for $397,500 (no parking)
- Currently listed at $565,000 (no parking)
- Assessments of $1086 a month (includes heat, a/c, doorman, cable, exercise room, exterior maintenance, lawn care, scavenger, snow removal)
- Taxes of $9498
- Central Air
- Washer/dryer in the unit
- Bedroom #1: 14×13
- Bedroom #2: 10×13
- Living room: 29×16
- Kitchen: 9×16
- Balcony: 13×6
Nice place but the HOA, no parking and alleged 1250sf are deal killers.
Could be a nice pied a terre.
Showed the kids the Matrix over the weekend. I’d bet if I showed them this listing, they’d say that the lights over the dining area look like sentinels.
$4500 a month to live in this tiny condo… just no
You could get a larger unit in a nicer, newer apt building in a better location with more amenities at a lower monthly price that includes parking.
Condo market here is toast.
almost 5k a month for 1200 sq feet, and what feels like 1100…Nice condo but no thanksssss
On the one hand this is arguably one of the best areas of Chicago, near nightlife, lake, transit, shopping, old school cachet of the gold coast. On the other hand, every bar and restaurant on this block is boarded up and vacant, Division street is a confusing mess, you can rent way better near here. But I’ll defend this property because I think that 1. The Gold Coast will come back into style 2. Division street will be redeveloped into something better 3. Location – not really a better urban “city life” location to be had in Chicago. It just overpriced slightly right now.
Here are plans for the corner of Division and State
https://chicago.curbed.com/2019/11/4/20944295/gold-coast-apartment-development-state-division-design-change
I agree with Marko.
Fulton market / west loop is having it’s moment right now. Bucktown / Logan had it’s moment a few years ago…I think the very odd / confusing strip of division stretching from the lake down towards old town is far, far due for a revamp. Only a matter of time.
@Bluestreak – woof, that proposal is a dog. Ok maybe Division Street will stay a confused mess.
Too many wide columns between windows kind of detract from the views. I think I need to actually enter this unit to figure out if it’s any good. The photos just don’t tell me too much for some reason. Not crazy about the location, anyway. Too noisy and all the frat people carousing at bars every weekend.
“$4500 a month to live in this tiny condo… just no”
For even less square footage, around 1100, you’ll pay $5,000 to $6500 in some buildings. Finishes aren’t even as nice.
“Nice place but the HOA”
The HOA? It actually seems pretty standard for a 2/2 with this square footage in a doorman building.
Actually, it’s on the low side considering it’s just 92 units. Also pays for heat and a/c which can be over $200 a month in the winter and the height of summer. Add in cable. And now that I’m thinking about it, these HOAs are actually quite reasonable.
“For even less square footage, around 1100, you’ll pay $5,000 to $6500 in some buildings. Finishes aren’t even as nice.”
where is that?
Looking at one bennet park its $4465 for a corner 2/2
whats more expensive than that place?
That One Bennett Park example is probably a low floor unit with a non-preferred exposure. (Site does not seem to give unit numbers in the descriptions). It’s also barely 1000 sq feet and lacks private outdoor space. There are many 2/2 units there going for a lot more. I think the apartments are quite competitive against the condos for value, but I don’t agree it’s the slam dunk some seem to think it is, especially for those staying longer term.
“Actually, it’s on the low side considering it’s just 92 units. Also pays for heat and a/c which can be over $200 a month in the winter and the height of summer. Add in cable. And now that I’m thinking about it, these HOAs are actually quite reasonable.”
Anyone spending $200/mo w/ heating (gas) <1200sf is an idiot and should close some windows
That one Bennett example must be a pretty crummy unit…I think the real ‘luxe’ 2 beds in the city are 5k+
A colleague of mine is renting a 2/2 at Nema in the south loop for 5500 or something crazy. Beautiful building though.
“A colleague of mine is renting a 2/2 at Nema in the south loop for 5500 or something crazy. Beautiful building though”
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Get to the point where your colleague is not an idiot.
@annony – I’m with you, they look like they have long wiry tails like the sentinels
“Anyone spending $200/mo w/ heating (gas) <1200sf is an idiot and should close some windows"
Who said anything about gas?
1960s and 70s buildings often electric or building-wide as this one is. Easily $200 a month to heat even a 900 square foot apartment in Dec-Feb.
“whats more expensive than that place?”
Nema, Wolf Point East which is now leasing. Just two examples off the top of my head.
2/2 with south views in Wolf Point East are over $5,000.
“Get to the point where your colleague is not an idiot.”
Is he? He lives in a building with multiple pools, a full size boxing gym, insane outdoor spaces, a concierge, and pretty ridiculous views. Questionably the current ‘it’ building in Chicago.
Once upon a time, the ‘rent vs buy’ question was a no brainer..but when similar condo units to his command 20k in taxes and 1k in assessments, in the long run, is he really an idiot?
I would say no. He puts the rest of his money into basic index funds / rob app investments and does okay. As opposed to sinking 10k a month into a 1 million dollar condo ( all in cost ) .
And Keep in mind he’s a millennial. No idea what he wants down the road. What he knows is he wants a range rover and a ‘sick’ place.
This is the world that we live in….Maybe Chicago is finally starting to catch up to NYC of the late 90’s/ early 2000’s, lol.
“Once upon a time, the ‘rent vs buy’ question was a no brainer..but when similar condo units to his command 20k in taxes and 1k in assessments, in the long run, is he really an idiot?”
Good point Riz.
And if he wants, or needs, to move in two or three years, he turns in the keys and does so. He doesn’t pay thousands to a realtor, transfer fees etc. all which could contribute to losses on the transaction.
“Who said anything about gas?
1960s and 70s buildings often electric or building-wide as this one is. Easily $200 a month to heat even a 900 square foot apartment in Dec-Feb.”
From the listing – Gas Heating, Forced Air Heating
“And if he wants, or needs, to move in two or three years, he turns in the keys and does so. He doesn’t pay thousands to a realtor, transfer fees etc. all which could contribute to losses on the transaction.”
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And he can flip the keys over and buy his Rover and “sick place” (whatever that is — in my college days we called ’em toilets) in the future a lot sooner by renting a place for 1500/2000/2500 a month. Plus a gym membership.
All one needs is a roof over one’s head. Yes, views are nice, lake views even better, but if I’m putting down that much pelf each month, I’m gonna own. That millennial is using his head for a hat rack.
I guess after being gone for a while I had no clue that morons were actually paying almost 6k a month to live in a tiny 2/2 – which it appears as though that is very uncommon even in NEMA
https://www.rentnemachicago.com/availability
I see one tier for 6.5k and thats 60th floor, those are 1260 sqft lol
all the rest appear to be from 3400 (12th floor 1ksqft)
to
$4800 (9th floor? for 1282 sqft)
either way, Its not common, we’re talking about what 3 buildings out of thousands in Chicago?
Sorry if I’m saying hell no to paying over $4500 a month to freakin rent in Chicago, in any neighborhood for a 1200sqft place
Sonies, noone’s disagreeing with you that it seems nuts.
I just think to a older millennial who is making 40 grand a month, 5-6k in rent to basically live in the nicest building in the city, an have everything from a concierge to a fitness center that rivals the best gyms may seem ‘worth it’. Plus the bragging rights.
I don’t remember the details but I believe the 2 bedrooms are typically 3400-4500 without Parking for the ‘normal’ units…I believe the Vip levels are a lot more..
If you think that is nuts, I know a couple about to pay 7 thousand to live in a 1700 sq ft 3 bedroom there. I never thought that NEMA would take off – but apparently it’s doing well.
. . . I know a couple about to pay 7 thousand to live in a 1700 sq ft 3 bedroom there.”
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And to thing that there were people who denied that Boomer drug use did not do genetic damage. . .
Typo — Boomer drug use did do genetic damage
Lol @johnc…
Honestly this is small beans compared to SF, LA, NYC…..Just a new reality in Chicago probably. It’s been an extremely ‘affordable’ city compared to other desirable locations, I just think it’s catching up to the times.
“either way, Its not common, we’re talking about what 3 buildings out of thousands in Chicago?”
Class A rents averaged $3.13 in Q4. Rent increases for Class A have flattened in recent quarters.
But most ARE rented, despite over 20,000 new apartments being built in the last 10 years. I think the recent occupancy rate was 93-94%. The landlords are doing very few rental deals because they don’t have to.
Wolf Point East will be a big test, as NEMA is. It has 698 units at premium prices.
One Bennett Place is apparently 2/3rds rented already, after just 6 months on the market. I’m surprised by this given those price points. But just tells you that there IS demand. Plenty of high paying jobs. And no one wants an “old” condo when they can rent a “new” apartment with a ton of amenities in the building, including fantastic gyms and work-at-home spaces.
“That millennial is using his head for a hat rack.”
Different generation. With property taxes rising 20% a year and condo costs rising on all the older buildings (specials etc) it is easier to just rent.
If what everyone says here is true, that all the Millennials, once they have kids, will want to move to the suburbs, then they SHOULD be renting. Chicago home prices have stalled. They’re falling, not rising. Back to 2016 prices. Some even more. Why own a depreciating asset that you also have really high transfer/sales costs on? It’s a losing proposition.
Seems to me the Millennials are actually playing this right.
“From the listing – Gas Heating, Forced Air Heating”
I said it was building-wide. There are no furnaces in these units.
Contingent after a week on the market.
“Seems to me the Millennials are actually playing this right.”
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Renting is fine, but not at $5.5k a month. Buy the house of your dreams, but just rent a roof over your head. And you can buy that dream house/sick place/toilet (or have the ability to buy, which is just as nice) a lot faster when you’re only paying $2k a month for rent and not $5.5k.
Sing and dance all you want, but he’s using his head as a hat rack.