2-Bedroom in The Montgomery Priced Below the 2011 Price: 500 W. Superior in River North
This 2-bedroom in The Montgomery at 500 W. Superior in River North came on the market in March 2023.
Built in 1972, The Montgomery was originally part of the Montgomery Ward complex and served as its headquarters. It’s architect was Minoru Yamasaki, who also designed the World Trade Center in New York City. He designed both around the same time.
It has 250 units and attached parking. It was converted into condos in 2005. The building has a party room, a sundeck, an exercise room, an on-site manager/engineer and door staff.
This 2-bedroom is one of the rare units which actually has a balcony, which faces south.
It has hardwood floors throughout, including the bedrooms.
The kitchen is open to the living and dining room combo and has white cabinets, stone counter tops, stainless steel appliances and an island with a raised ledge for barstools.
There’s a separate home office which is next to the living room and may not have any windows (?).
The primary bedroom will accommodate a king bed and has an en suite bathroom which has a dual vanity and walk-in-shower.
The second bedroom also has its own full bath.
The unit has a half bath as well.
It has the features buyers look for including central air, washer/dryer in the unit and garage parking is included in the price.
This building is near the shops and restaurants of the western part of River North and is on a bus line that will take you to the Mag Mile and Brown, Red and Purple subway stops.
Listed in March 2023 for $560,000, while owned by a relocation company, it has been reduced to $450,000.
That price is $25,000 below the 2011 sales price of $475,000.
Is this a deal?
Daniel Carr at Century 21 Circle has the listing. See the pictures here (sorry, no floor plan).
Unit #801: 2 bedrooms, 2.5 baths, 1309 square feet
- Sold in May 2005 for $417,000
- Sold in March 2011 for $475,000
- Sold in June 2018 for $580,000
- Sold in March 2023 for $527,500 (to relocation company)
- Originally listed in March 2023 for $560,000
- Reduced numerous times
- Currently listed at $450,000 (includes the garage parking)
- Assessments of $1305 a month (includes heat, a/c, doorman, cable, exercise room, exterior maintenance, lawn care, scavenger, snow removal, party room)
- Taxes of $11,622
- Central Air
- Washer/dryer in the unit
- Bedroom #1: 13×12
- Bedroom #2: 11×11
- Living/dining combo: 23×14
- Kitchen: 12×10
- Office: 7×9
- Laundry: 3×11
- Balcony: 15×4








