Get a 500 Square Foot Private Patio For Under $300,000: 211 E. Ohio in Streeterville
This 1-bedroom in the Grand Ohio at 211 E. Ohio in Streeterville just came on the market.
The Grand Ohio has 598 units.
It was an apartment building that was converted into condos in the early 2000s.
This unit is on the 5th floor and faces south.
The listing says the unit has been “completely renovated.”
There are hardwood floors throughout.
The bedroom has a barn door.
The kitchen is open to the living room and has dark cabinets with stainless steel appliances, a custom backsplash and what looks like stone counter tops.
There’s also a combo washer/dryer unit in the kitchen.
There are just a few units on this floor but all of them have bricked walled private terraces.
This unit has a 500 square foot patio with a two story brick wall on one end. It also has outdoor electrical outlets.
The Grand Ohio is a full service building with an indoor pool, a sauna and steam room, an exercise room, tennis courts and rare basketball and racquetball courts.
There’s parking in the building both for rent and for purchase.
It has come on the market at $295,000, which is an affordable price point for the neighborhood.
If you’re a fan of outdoor space, and on a limited budget, is this property a dream come true?
Kathryn Schrage at Redfin has the listing. See the pictures here.
Unit #516: 1 bedroom, 1 bath, no square footage listed
- Sold in September 2002 for $220,000 (per Redfin because the CCRD is “down” again. Sigh)
- Sold in September 2006 for $283,000 (per Redfin)
- Currently listed for $295,000
- Assessments of $448 a month (includes cable, Internet, doorman, health club, indoor pool, sauna, steam room, tennis courts, basketball court, racquetball court, exterior maintenance, snow removal, scavenger)
- Taxes of $3687
- Central Air
- Washer/dryer combo in the unit
- Bedroom: 14×11
- Living room: 15×13
- Kitchen: 13×7
- Patio: 27×15
Should have stayed apartments
Would work as corporate housing
You would need that patio umbrella for approx 8 minutes on the most sunny of days
Without a doubt the nicest prison cell I’ve ever seen.
wow what a deal! lol@CS
hey sabrina-
“the PCE, the Fed’s preferred inflation gauge reported a stagnant annual pace of inflation at 1.7% as of January, the eleventh consecutive reading below 2%. “
I’m sold but only if the octopus shower liner stays!
In all seriousness you do get a lot for your assessments in this building. Aside from not having it’s original finishes/appliances, this unit separates itself from others in the building by having in-unit laundry and a nice balcony that would make entertaining more than 5 people possible & comfortable: something you can’t say that about most one bedroom condos.
I’d still pass because it gets so little light and would inevitably start to feel like a prison cell. I’ve commented many times about the idiosyncrasies of living in this particular section of streeterville as I work across the street from this building. To recap what I’ve witnessed; there’s the 7/11 sketchiness, nail salon woman burning documents on curb, fat naked screaming woman who escaped Northwestern’s psyc ward, among other smaller things that — when added up — would deter me from living here despite how much easier my commute would be.
LOL to Elliot’s observations.
I actually think this is a great deal considering the number one rule in real estate is location and as someone mentioned you are really getting a lot for your assessment. Your all-in to live here after putting 20% down, presumably with the help of your graduation gift (when you graduated med school) would be less than $2100 per month. You could not rent this for that little. Considering that once your income improved you could easily rent this and make a few hundred a month. there would be no real reason to ever sell it (provided rentals are allowed). You could hang on to it into old age and have a nice little pied a terre in the city, crash pad for those nights you work late and miss the last train to the burbs, etc. In this case, the lack of sunlight is far outweighed by proximity to the lake, employment, etc. etc.
Converting the patio to a handball court would complete the state penitentiary vibe.
Another old picture!
That view of the building doesn’t exist anymore, with Optima Center and the new Ronald McDonald House in the way.
“Converting the patio to a handball court would complete the state penitentiary vibe.”
Gotta have a guy around ready to play anyone, and shiv anyone who beats him.
Damn that’s freaking cheap! What would this cost in LA, SF, Seattle, Boston or NYC?
Apparently, this is “Madeline tells stories about the olden times” week on Crib Chatter.
In the summer of 1988, I interviewed to be a leasing agent at this place. They offered me a starting salary of $14K.
I had to wear a skirt suit and pantyhose to the interview – it was approximately 105 degrees and I was a sweaty mess after riding the red line downtown.
http://wgntv.com/2017/06/13/chicagos-hot-summer-of-1988/
hahaha classic madeline
I’d rather invest my 59k downpayment and rent a 1 bedroom at one of the new luxury towers that have similar amentities for 2k a month. But hey, different strokes for different folks.
Ha I remember the summer of 88 like it was yesterday, hot as hell and broke was all it was for me.
Summer of 88 – I was between junior and senior years of HS, visiting colleges around the Midwest on the hottest weekend ever. Grass was completely yellow everywhere. Yuck.
get so much from the assessments since there are a ton (400 + units in this building)
http://www.dreamtown.com/buildings/the-grand-ohio.html
586 units
“I’d rather invest my 59k downpayment and rent a luxury…”
Another candidate for an overcrowded, underfunded poor old folks home who invests in the market, loses it all and has squat to show for his luxury lifestyle.
I don’t think this is so bad, especially for the money. Nice looking unit and the patio could be great if they did something to it…as it is it looks like the first level of a loading dock. Some shade loving plants, a fountain or water feature..some cool furniture…a nice outdoor bar.. My only problem would be that it would be weird to have your upstairs neighbor able to peer down on you.
hey sabrina-
“the PCE, the Fed’s preferred inflation gauge reported a stagnant annual pace of inflation at 1.7% as of January, the eleventh consecutive reading below 2%. “
Sure. In some far off land, we could have another $1.5 trillion dollar stimulus, unemployment at 4.1%, create 300,000 jobs a month, a trade war, steel tariffs and 3% sustained GDP and NO inflation.
Lol.
I really question this hot job market and 4% unemployment rate. I know a lot of people who are having trouble after getting laid off. Sure, you can drive for Uber (if you want to call that employment), but a bunch of my friends have been really struggling after losing jobs that paid a middle class salary. It took me six months of searching to find my new job.
“I really question this hot job market and 4% unemployment rate”
Exactly, At the risk of sounding like a conspiracy theorist all the data has been increasingly manipulated and massaged since the dot com bust. Each year it gets worse, at some point reality intervenes, like 2001, 2007, 2008. There was even a period of incredible softness boarding recession in late 2015 into 16 that magically reversed. You’re wise to not blindly trust the data.
The unemployment rate is low… but they are crap jobs that don’t pay well, hence the slow wage growth and lack of inflation
UE is not the number to look at. Labor Force participation is. Currently at 63, has been between 62.3 and 63.8 since Jan-12. From 1980 to 2011, had at least one month at 64 every year.
25-54 rate is up to 82.2, having been as low as 80.6, but Dec-09 was the first time it has been as low as 82 since Apr-86.
So, no, the job market isn’t going to feel hot even with UE rates low.
If you think that we are not at low low unemployment then you are in La La Land. I’ve got three ad’s running now. Two with significant salaries and one more of a service role. We are averaging 3-5 resumes per week from sources that used to get us literally 75+ resumes within a week or two of each posting.
If you are looking hard I assure you that a role will surface. In my opinion it is an employee market right now. Similar to real estate there is a high demand for quality labor and limited supply in the marketplace. Things are clearly in the favor of the employee.
@jp3 – what is it your looking for? My wife for instance is looking for inventory manager for an international consumer product company, must know various large retailers’ systems, be able to forecast, place multi million dollar orders, etc. Its not a light duty role by any means, salary over 100K – she received 45 applications in one week. Also anecdotal, you see construction cranes everywhere, rehabs and flips everywhere, but I cant even count how many seasoned tradesmen I know barely scraping by having never fully recovered from 08. This recovery is sector by sector, and not very deep. Small developers I know are using all foreign born most likely very low cost labor, probably no taxes or insurance being paid, so how is a legitimate contractor able to compete? Builders out in DuPage have the carpenters living in the unfinished houses while they build them before moving to the next – that’s basically indentured servitude. Is that a proper recovery when when the bar has been lowered for everyone and resembles a second world market when 15 years ago it was a first world market? On the other hand, everyone I know involved with programming or internet retail is basically printing money. It’s a strange new world for sure.
Marko I’ll say that my many contractor friends are all doing quite well. My local plumbing guy with a six truck service based business is off to the races. His employees are all making $75k+ with some benefits. The seasoned guys well over $100. Another guy is a union sewer contractor who had minimal downtime this winter despite the cold weather.
My electrician buddy has been trying to retire for three years. His vm is quite direct. His message states that “We are not taking on new work” yet people still leave messages. Not saying you are wrong but it’s not my viewpoint.
And others in my same business across the country tell me that they are also struggling to find talent for both skilled and unskilled roles. Just curious as it seemed detailed were those 45 applicants at your wife’s company actually qualified or that role?
“Its not a light duty role by any means, salary over 100K – she received 45 applications in one week.”
So…this means these people are out of work? We have too many “inventory managers for an international consumer product company” which make over $100,000?
Or is it that employees can FINALLY switch jobs and are now actively looking so that’s why they got so many applications for a job that pays six figures? (and yes- to follow up jp3’s question- were they all qualified or were some more junior?)
The more senior the role, the more likely that HR wants EXACTLY the experience they are seeking. No learning on the job at that level.
The US has a 10-year high in job openings, but, of course, it depends on what profession you’re in.
If you’re a tradesman and you’re “barely scraping by” then you’re doing something wrong. Ever try and hire an electrician? A plumber? Any kind of construction worker? Oh my god. It’s horrible! This is why Home Depot’s sales are so strong. They are crushing it (half of Home Depot’s business is from professional contractors.)
That’s exactly the profession that is booming. Few are actually trained in it and many quit to do other things after 2008. So what’s wrong with your friends? Too old? Not good references on Angie’s List or Yelp?
My brother is a plumber in Texas and he’s crushing it. Can write his own ticket. Although some of his friends who can’t pass drug tests are having a harder time of it because the government jobs all test and they can’t pass. They’ll ding you for marijuana use.
This recovery is very, very deep. The auto sales, home sales and other consumer sales like appliances, cabinets, furniture all show it. US corporations finished 2017 with record high earnings and that was before the tax cut.
But yeah, if you’re in coal or steel or a small town that doesn’t have the information type of jobs that pay higher salaries, it’s more difficult. But all the home builders have reported that they would build homes faster if they could, but they can’t find enough construction workers. Ditto in other industries like farmers. They can’t find anyone to pick the produce, at least not at $12 or $13 an hour. That’s a sign of full employment.
In towns like Pigeon Fork and Branson, which rely on tourism, they can’t find enough workers there either although some of it is seasonal. They’re all trying to hire those out of places like Puerto Rico or to get summer student workers from Poland, if they can nab the visas.
The late 1990s was a huge boom, but in Silicon Valley and Silicon Alley, it was even bigger. Doesn’t mean it wasn’t a great economy though if you were in Omaha in 1999.
“Also anecdotal, you see construction cranes everywhere, rehabs and flips everywhere, but I cant even count how many seasoned tradesmen I know barely scraping by having never fully recovered from 08.”
By the way, if your friends are willing to travel, they are desperate for workers in northern Indiana in the RV industry. They can’t find enough workers there.
Airstream is going to open up a second manufacturing facility in Ohio to try and tap workers there because they simply can’t get the help in Indiana.
“So, no, the job market isn’t going to feel hot even with UE rates low.”
Of course it’s hot. And it feels like it or else Target wouldn’t be raising its wages up to $15 an hour voluntarily.
Why aren’t men between the ages of 25-54 working? No one knows. Won’t get a job as a nurse, perhaps? That’s one of the strongest job markets.
Women in that age group are working at greater numbers.
Is it the opioid crisis keeping them out? No one knows.
“The unemployment rate is low… but they are crap jobs that don’t pay well, hence the slow wage growth and lack of inflation”
This is, actually, wrong. People who switch jobs see something like a 15% to 25% pay raise.
Hence why the job “quits” rate is actually one of the most important statistics.
In the late 1990s, it took over 2 years of GDP growing at a sustained 4% rate before employers got desperate enough and started handing out raises like candy.
More employees have to quit.
Here’s a Will County job fair- happening this week March 15.
If a tradesman or construction type worker can’t find a job, I don’t know what else to say:
http://www.wjol.com/clerical-associates-cnc-machinist-trainee-are-some-jobs-at-wcwc-job-fair/
Marko your friends need to move. Tell them to get out of Illinois and go to Texas. That’s where my brother is. Plenty of work there:
Three out of four construction firms plan to expand payrolls this year, while 82 percent expect recruitment and retention to remain difficult, according to Expecting Growth to Continue: The 2018 Construction Industry Hiring and Business Outlook from the Associated General Contractors (AGC), the leading association for the construction industry with more than 26,000 member firms.
https://www.dmagazine.com/commercial-real-estate/2018/02/cre-opinion-fostering-talent-in-a-tight-job-market/
“Here’s a Will County job fair- happening this week March 15.
If a tradesman or construction type worker can’t find a job, I don’t know what else to say:
http://www.wjol.com/clerical-associates-cnc-machinist-trainee-are-some-jobs-at-wcwc-job-fair/”
clerical associates, CNC machinist trainee, flagging and communication worker, forklift operators, general laborers, material handlers, prep cook, residential lawn specialist, residential sales representative, school bus drivers, track maintenance worker and warehouse associates.
Those are $15/hr jobs.
The job market is bifurcating. Those with skills in demand arent having a problem.
Construction is a tough one as there’s been 2 (2000 & 2008) that have really cut into the pool of Foreman/pushers. You really see these effects on the non-union side
My wife’s been looking for nearly two years now for a new gig… 6 figure EA/PA job though, no luck so far. We will probably wind up moving out of IL in a few years as it is so whatever
So to clarify: Plumber are always in demand, 2 of the guy specifically are union electrician shop owners, they’ve been crushed. They arent large enough for the big stuff like Hospitals and Highrises, to expensive for the residential and small commercial. One guy closed shop ones barely hanging on. The others are HVAC and carpenters, some union and some not. The only thinking I guess I can say they all have in common is being over 50, maybe it’s the pay aint what it was. One expert tile setter I know who had 5 guys working for him also closed shop 2 years ago, said he couldn’t compete anymore and went to work for a mortgage broker.
Sabrina – fork lift operators and laborers are not skilled tradesmen, this is what I was alluding to in my first post about the bar being lowered, people now equate craft whith dumb labor which is wrong, and I think a lot of the crappy new construction quality reflects this shift in thinking.
“Sabrina – fork lift operators and laborers are not skilled tradesmen, this is what I was alluding to in my first post about the bar being lowered, people now equate craft whith dumb labor which is wrong, and I think a lot of the crappy new construction quality reflects this shift in thinking.”
The construction companies themselves for the big projects say it’s hard to hire anyone because they don’t have the computer background. All the big equipment is now computerized. So maybe it’s your friends age. They don’t know how to operate that equipment.
I’m glad some of your friends are taking other jobs. That’s what’s so great about the US economy. If you can’t make a go of it as an electrician, switch to another profession. Lots of community colleges will retrain. It’s not too late to do nursing or nurses assistant jobs. Still pay well. As I keep saying, the welders are looking. Have to do 2 years training though.
Also, they are looking for hundreds of thousands of truck drivers right now. Same at the railroads. If you’re an electrician, a tough job, then there are other options out there. They clearly have skills.
I have a friend who is getting re-trained in her early 50s. Is going back to school for 2 years, but she has another 20 years in the workforce. So why not?
Great job markets are the time to get into something new. Lower barriers to entry. They’re even hiring those with prison records and stay-at-home moms who haven’t been in the workforce in over a decade. They are DESPERATE. Use it to your advantage. It’s just like what happened in the late 1990s.
“6 figure EA/PA job though, no luck so far.”
What’s EA/PA?
No one should be unemployed for 2 years right now. That tells me she’s in the wrong profession. I was unemployed for 18 months once earlier in my career. And I WAS in the wrong profession.
She should really go to a career counselor. I did and it helped me. She should think about going back to school at this point. Do something else. Life is too short.
Executive assistant
Personal assistant
Truck driving and cab driving is not a trade I would want to enter given shared ride economy and driving automation
“The construction companies themselves for the big projects say it’s hard to hire anyone because they don’t have the computer background. All the big equipment is now computerized. So maybe it’s your friends age. They don’t know how to operate that equipment.”
You mean GPS for earthmoving equipment thats been pretty standard for > 15 years? Cranes have had computers for more than 20. Its not a lack of computer skills keeping people away.
“I have a friend who is getting re-trained in her early 50s. Is going back to school for 2 years, but she has another 20 years in the workforce. So why not?”
Thats depressing
“No one should be unemployed for 2 years right now. That tells me she’s in the wrong profession. I was unemployed for 18 months once earlier in my career. And I WAS in the wrong profession.
She should really go to a career counselor. I did and it helped me. She should think about going back to school at this point. Do something else. Life is too short.”
she’s currently still employed, just looking for a new gig because her boss sucks ass, but at least he pays well
You can’t live on $15/hour. People take those jobs out of desperation and then the government counts those people as being employed.
Not everyone is physically able to work in construction. I know I couldn’t do it and I’m healthy.
One of my friends has been laying off people on a near weekly basis from the IT contracting department for BCBS. These people used to all be employed by BCBS, then were forced to work for an Indian company, but stay in the US. Now, they are laying off their IT workers and hiring Indians for $8,000/year. He’s in IT management and they are laying people off once a week until everyone is in India. He’ll probably be laid off in the end, but keeps the job because he needs high quality insurance because of an ill family member.
Our medical records are going to be stored and managed by a company in India, whose workers are grossly underpaid, and whose skills are questionable, but hey, they don’t cost $150,000 a year like someone working in the US.
“she’s currently still employed, just looking for a new gig because her boss sucks ass, but at least he pays well”
Ah, okay. Thanks for the clarification sonies. That’s a totally different situation.
She has choices and can turn down job offers, if she gets them.
Good luck to her. Now’s the time to find something new.
“You mean GPS for earthmoving equipment thats been pretty standard for > 15 years?”
No, I mean the super modern advanced equipment that the big construction workers can’t find anyone to work because no one is trained in it (at least according to Crain’s.)
And if you’re depressed about working, JohnnyU, I feel really sad for you. Go in a new direction! Find out what you’re good at. This is the only chance you get. If you love what you do then you want to work for forever.
Why do you think we have a 71 year old President?
Why did a nearly 90 year old just win an Oscar for Best Screenplay?
Why is Warren Buffett still managing Berkshire Hathaway at 87?
Because they LOVE it.
Life is too short. My friend thinks so too. She quit a very good paying job because all she thought about was retirement. But that just means the job/career is wrong. So she changed her career. Now, there’s no thoughts of retirement.
It’s never too late JohnnyU.
Please let us all know about this “super modern advanced equipment”.
Not depressed about working, just there are things I would rather do Vs work. Going back to your “friend”, she’s getting retrained into a field she’s never worked in before, how do you know that she’s going to love it?
And I’ll disagree about people working into their old age that you pointed out. All of those folks are defined by what they do.
“And I’ll disagree about people working into their old age that you pointed out. All of those folks are defined by what they do.”
My uncle is still working. He’s 78. He sells insurance.
I wouldn’t exactly call him “defined by what he does.”
Oh- and when you find something you love, usually you’re good at it. That usually means you become an expert in it and then, hell yes, it defines you.
Did not Stephen Hawkings work “define” him? Oh- and he was still working too at 76. Still writing. Still lecturing. Still teaching.
Life is short. This is IT. Instead of dreaming about retirement, do what you love right now. It’s America. Other than being a professional athlete, what Trump proves is that, you CAN be anything. It’s never too late or too outrageous.
“Our medical records are going to be stored and managed by a company in India, whose workers are grossly underpaid, and whose skills are questionable, but hey, they don’t cost $150,000 a year like someone working in the US.”
So that is exactly the point of this economy. Get mundane tasks, duties, reporting, and storage done in a cloud. Or subcontract it out to a company that can lower the costs. As long as Hipa is covered the expense of $150K is ridiculous for a task like that.
One of our reps who is two years into his role, and not doing that well, thinks that he should be making $100K. His 2017 earnings were 60K with a 401K, health insurance, and other benefits. Did I mention that he is 26 and it is his first job out of college?
There is a belief that an BS degree from a decent school should lead to $100K earnings by 25. Who started that rumor?
“One of our reps who is two years into his role, and not doing that well, thinks that he should be making $100K. His 2017 earnings were 60K with a 401K, health insurance, and other benefits. Did I mention that he is 26 and it is his first job out of college?
There is a belief that an BS degree from a decent school should lead to $100K earnings by 25. Who started that rumor?”
I’ve seen this too jp3chicago. Lots of Millennials all think they should be earning six figures without any advance degree or an engineering degree. They have normal BAs from normal universities. The fact that a 26 year old is making $60,000 with all the other benefits is actually really good. Lol.
Don’t forget, the younger Millennials have never dealt with a recession. They were still in high school during the last one. They also graduated into a great job market, which remains red hot. So they are demanding pay raises and the like. It’s not that different from the delusions that were launched in 1999 and 2000 too.
The hot job market only lasts so long, as we all know.