5 Months Later and a $111,000 Reduction on a River North Duplex Loft: 375 W. Erie
This 2-bedroom duplex up loft in Erie Center Lofts at 375 W. Erie in River North came on the market in May 2018.
It has authentic loft features including exposed brick and timber ceilings.
But it’s no standard 2/2 as it also has a huge 416 square foot terrace off the master suite.
The listing says the kitchen has been “upgraded.” It has white cabinets, granite counter tops and stainless steel appliances. Is this the same kitchen from 2014 but with newly painted cabinets?
There’s a master suite on the second floor with two walk-in-closets and a master bath with a steam shower.
The second bedroom is on the main level along with the kitchen/living room.
It has central air, washer/dryer in the unit and heated garage parking is an extra $35,000.
Originally listed for $710,000, it has been reduced $111,000 to $599,000.
The unit sold for $570,000 in 2014, including the parking. It was on the market just 3 months before it went under contract.
This time around, it has already been on the market for 5 months.
Why isn’t this selling?
Renee Greene at Compass has the listing. See the pictures here.
Unit #517: 2 bedrooms, 2 baths, duplex up, 1716 square feet
- Sold in February 1999 for $292,000
- Sold in March 2004 for $415,000
- Sold in March 2008 for $500,000
- Sold in October 2014 for $570,000 (included the parking)
- Originally listed in May 2018 for $710,000
- Reduced several times
- Currently listed at $599,000 (plus $35,000 for parking)
- Assessments of $787 a month (includes doorman, exercise room, exterior maintenance, scavenger, snow removal)
- Taxes of $9653
- Bedroom #1: 27×24 (second floor)
- Bedroom #2: 11×10 (main floor)
- Laundry room: 6×6 (main floor)
- Terrace: 14×24 (second floor)









