2-Bedroom With Skyline Views Reduces $149,900: 1300 N. Astor in the Gold Coast
This 2-bedroom in the Astor Tower at 1300 N. Astor in the Gold Coast came on the market in May 2023.
Astor Tower Condos was built in 1962 by Bertrand Goldberg. It was originally the Astor Tower Hotel and had some famous customers including the Beatles.
It now has 78 condo units and garage parking. It has 24-hour door staff, on-site maintenance and management, a fitness center and a rooftop 360-degree deck.
Apparently, the building is not on the historic register, nor is it landmarked. Block Club Chicago has more on how it was built:
In 1959, Bertrand Goldberg began designing a strikingly modern high rise for Astor Street, juxtaposed by the surrounding classical revival townhouses and apartments. The Astor Tower featured a structural center core of poured concrete upon which twenty-four residential floors were hung, and further supported by twelve parameter columns. The core and columns rise for a full five stories before the residential floors begin, giving the building the shape of an “ice pop.”
This innovative design required Bertrand Goldberg Associates structural engineer Bert Weinberg to revise the building’s structural calculations, requiring three more stories to be added to the design, delaying the start of construction. Meanwhile, Marina City had broken ground beside the Chicago River in 1960 and was constructed as scheduled, with its first residents moving in to the finished first tower in 1962, a year prior to the opening of the Astor Tower Hotel.
This unit is a “rarely available” half floor corner unit with “breathtaking” lake and city views from its floor to ceiling windows.
There are “newer” hardwood floors throughout.
The kitchen is “eat-in” with sleek flat panel cabinets, stainless steel appliances and a panel ready integrated refrigerator, granite counter tops, a slab backsplash and a peninsula.
The primary suite is on the southwest corner with skyline and sunset views. It has a walk-in-closet and an en suite bathroom with marble vanities, rain shower and body sprays.
The unit has the features that buyers look for including central air, washer/dryer in the unit and 2-car tandem parking which is included.
This building is near the shops and restaurants of the Gold Coast, Rush Street, and Old Town as well as the beach and parks.
Originally listed in May 2023 for $699,900, it has been reduced $149,900 to $550,000.
That’s below all the sales prices since 2006.
Is this unit a deal?
George Furla and John Kosmopoulos at Dream Town have the listing. See the pictures here (sorry, no floor plan.)
Unit #26A: 2 bedrooms, 2 baths, 1600 square feet
- Sold in October 1999 for $315,000
- Sold in May 2006 for $680,000
- Sold in April 2010 for $810,000
- Sold in October 2014 for $772,000
- Originally listed in May 2023 for $699,900
- Reduced several times
- Currently listed at $550,000 (includes 2-car tandem parking)
- Assessments of $2889 a month (includes heat, a/c, doorman, cable, exercise room, coin laundry in the building, on-site engineer, party room, sundeck)
- Taxes of $11,851
- Central Air
- Washer/dryer in the unit
- OR, you can rent it. Listed on August 31, 2023 for $5750 a month
- Reduced
- Currently listed for rent at $5,000 a month (is THIS a deal?)
- Bedroom #1: 18×13
- Bedroom #2: 15×10
- Living/dining room combo: 18×27
- Kitchen: 11×7