Archive for the 'Streeterville' Category

Avenue East 2-Bedroom Closed: 160 E. Illinois in Streeterville

We chattered about this 2-bedroom in Avenue East at 160 E. Illinois in Streeterville several times, but the most recent in early August when it was reduced below $400,000. See our August 2009 chatter here. I asked in August if this price was a deal. It’s cheaper than many 1-bedrooms in the neighborhood and the building […]

We Love Authentic Lofts: Brick and Timber on the Drive: 540 N. Lake Shore Drive

540 N. Lake Shore Drive in Streeterville is the only loft building located directly on Lake Shore Drive in the city. Converted into condos in the early 1990s, before the condo craze, the brick and timber units are extra large. This south facing 1-bedroom unit is 1128 square feet and has 12-foot ceilings. Do you have […]

“Never Been Lived In” in the ParkView: 505 N. McClurg in Streeterville

There have been some investors trying to re-sell units in ParkView, the latest Streeterville high rise at 505 N. McClurg. The listing for this 2-bedroom unit on the 32nd floor says it has “never been lived in.” At 1464 square feet it is one of the larger 2-bedroom floorplans in the building. Unit #3202: 2 […]

The Luxury 1-Bedroom in the Olympia Centre: 161 E. Chicago in Streeterville

The Olympia Centre at 161 E. Chicago right in the heart of the Mag Mile, has long been considered a luxury building. Built in 1985, it has 292 units, many which have stunning city and lake views. It is a full amenity building with an indoor pool. This 900-square foot 1-bedroom unit has been on the market […]

Short Sale Alert: Views, Views and More Views at 512 N. McClurg in Streeterville

A lot of buyers love Streeterville for the views. Some buildings in the neighborhood have lake, river and city views, all from  the same unit. This 2-bedroom just came on the market at the River East Center, 512 N. McClurg, in the heart of the Streeterville action. The listing in the Chicago Tribune says it’s a […]

The $500,000 Large 1-Bedroom: 250 E. Pearson in Streeterville

For several years during the boom, developers were building luxury high rises with “large” 1-bedroom units. The Pearson, at 250 E. Pearson, in Streeterville was one of those buildings. Constructed in 2003, it has 180 units. The 1-bedroom units are as big as many 2-bedroom units in the newer construction buildings. Unit #2104 recently came on […]

Is This a Deal? Avenue East 2 Bedroom Reduced Again: 160 E. Illinois

We last chattered about this 2-bedroom unit at Avenue East, at 160 E. Illinois, in Streeterville in April. See our prior chatter here. It is still on the market and has been reduced another $90,000. The listing says it’s an “estate sale” and sold as is. It also says the seller will entertain all “reasonable” offers. […]

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 […]