Archive for the 'Streeterville' Category

No Appreciation in 600 N. Fairbanks in Streeterville?

We’ve chattered about 600 N. Fairbanks, the Helmut Jahn-designed highrise in Streeterville, numerous times in the past. We finally have some closings in 2009 that provide a better idea of what is going on in the building. Has one of the hottest buildings in Chicago fallen back to earth? We chattered about Unit #1505, a […]

When Are Comps Still Comps? 240 E. Illinois in Streeterville

We last chattered about this large 1-bedroom unit at Fairbanks at Cityfront Plaza at 240 E. Illinois in Streeterville last January. See our prior chatter and pictures here. It was priced at $600,000 plus $55,000 for the parking but comps on units sold on nearby floors seemed to justify the high price. It is 7 months […]

$280K Reduction and Finally A Sale at 160 E. Illinois in Streeterville

We last chattered about this 1-bedroom unit in Avenue East, the newer construction high rise at 160 E. Illinois in Streeterville/Mag Mile, in April 2008. Back then, it had been reduced $110,100 from its prior sales price. See that chatter (and some pictures of the model unit in the building) here. Flash forward 15 months and a […]

Short Sale Alert in the Park Millennium: 222 N. Columbus in the East Loop

The Park Millennium at 222 N. Columbus in the East Loop (or the “New East Side” as some call it) was converted from apartments into condominiums near the height of the housing boom in the fall of 2005. The high rise has 480 units. Current stats in the building: 30 for sale 23 for rent Some units […]

The Under $200,000 1-Bedroom in Streeterville: 222 E. Pearson

Pearson on the Park, at 222 E. Pearson, in Streeterville (or is that the Gold Coast?) is an apartment to condo conversion that started closings in 2005. This 1-bedroom unit has recently been reduced and is now priced $25,100 under the 2006 purchase price. Other 03 tier units on similar lower floors sold for a bit […]

The Streeterville Loft Studio: 211 E. Ohio

We’ve chattered about these “loft” styled large studios at 211 E. Ohio, the Grand Ohio, in Streeterville before. This one is 650 square feet, has 16 foot ceilings and the in-unit washer/dryer. There are only 15 of these “loft” units in the building and the floor has its own separate elevator. Is this a good in-town […]

Loft Studio at 540 N. Lake Shore Drive No Longer “Super Rare”

When we last chattered about this studio loft at 540 N. Lake Shore Drive in Streeterville in February 2009, it had just come on the market. The listing said it had sold in only one day in 2005 and that it was “super rare” and “priced to sell.” Some of you thought it might make […]

Avenue East 2-Bedroom Listed $52K Under 2007 Price: 160 E. Illinois

The developer, and other sellers, are still trying to sell units at Avenue East, the 2007 construction high rise at 160 E. Illinois in Streeterville. The building is not even half a block off of the Mag Mile. Three units have sold in 2009 (according to public records.) This 2-bedroom unit recently came on the market […]

Developer and Other Sellers Reduce in Streeterville’s 600 N. Fairbanks

We’ve chattered about Helmut Jahn’s 600 N. Fairbanks in Streeterville a half dozen times. The building has seen some sales in 2009 with other units currently under contract. However, as someone posted about in the comments recently, the developer has recently reduced prices on the remaining few units still available. Most of the reductions look […]

Some Buildings are Hot: The Double Flip at 600 N. Fairbanks in Streeterville

We return to chatter, once again, about 600 N. Fairbanks in Streeterville. A 2-bedroom unit has come on the market that has previously sold not just once, but twice since 2007, and is now on the market for the third time. The original owner was fortunate enough to flip the unit in early 2008 and made a […]