Masterpiece Transformation in the Sky: A 2-Bedroom in Olympia Center at 161 E. Chicago in Streeterville

This 2-bedroom in Olympia Center at 161 E. Chicago in Streeterville came on the market in June 2025.

Olympia Center was built in 1985 and was, at the time, one of the top luxury buildings in Streeterville/River North. It has 292 units and attached rental parking.

It is a full amenity building with the following features:

  • Sundeck
  • Party room
  • Exercise room
  • Indoor pool
  • Whirlpool
  • Sauna
  • On-site management
  • Maintenance staff
  • Engineering staff
  • Full time concierge
  • 3 door staff each shift
  • Dogs allowed

The listing says this unit is a masterpiece transformation. It has undergone a “complete 2025 total renovation from the concrete and the studs.”

It’s a corner unit with South and East views which includes Lake Michigan, Navy Pier and the southern skyline’s high rises.

The listing calls it a 3/3 unit but it is also listed as a 2/2.5. Prior to the transformation, it was a 2-bedroom. The old “breakfast room” is now a “den.”

The den has no closet, however.

The third bathroom is a full bathroom now. A walk-in-shower was added to the half bath location.

The unit has 7″ white oak hardwood floors throughout.

It has all new single panel doors with black door hardware.

There is a primary suite with a walk-in-closet and an en suite bathroom with a floating dual vanity with LED lit mirror and a LEIVI toilet with electric bidet.

The listing goes into a LOT of details about each bathroom, which I’m leaving out.

There is an open kitchen with wood and white cabinets, an “enormous” island with custom waterfall edge, 1.25 inch Quartzite counter tops, custom gold hardware, a stainless steel Bosch appliance package with French door refrigerator with ice/water dispenser.

It has a stove hood.

The unit has the features buyers look for including central air and a laundry room with a full size stackable washer/dryer and a storage cabinet. Parking is available in the building.

There is no private outdoor space.

Olympia Center is above the Neiman Marcus on Michigan Avenue. It is near the shops and restaurants of Michigan Avenue, Streeterville and River North as well as numerous bus lines.

There are currently 13 units for sale in the building.

Buyers love “new.”

This unit has come on the market at $1,195,029.

Did this renovation get the finishes right for this building and price point?

Nicholas Colagiovanni at Baird & Warner has the listing. See the pictures and floor plan here.

Unit #53B: 2 bedrooms, 2.5 bathrooms, 2154 square feet

  • I can’t find an original sale back in 1987
  • Sold in December 2024 for $580,000
  • Currently listed at $1,195,029
  • Assessments of $2179 a month (includes a/c, doorman, cable, exercise room, pool, exterior maintenance)
  • Taxes of $18,494
  • Central Air
  • Full-size stackable washer/dryer
  • Parking is rental in the building
  • Bedroom #1: 20×15
  • Bedroom #2: 17×11
  • Den/Bedroom #3?: 11×11
  • Living room: 20×17
  • Kitchen: 18×9
  • Dining room: 14×15
  • Foyer: 5×10
  • Walk-in-closet: 5×5
  • Laundry: 5×4

 

 

 

Market Conditions: Chicago May 2025 Sales Decrease 7.4% as Median Price Rose Again

This Illinois Association of Realtors is out with the May data.

As we know, inventory remains tight and sales remain low. Year-over-year sales fell again, but so did inventory.

It was the slowest May for sales since May 2020, when the real estate market was spooked at the start of the pandemic.

The city of Chicago experienced a 7.4 percent year-over-year sales decrease in May 2025 with 2,286 sales, down from 2,468 in May 2024. The median price of a home in the city of Chicago in May 2025 was $390,000, an 8.3 percent increase from May 2024 when the median price was $360,000.

May Sales:

  • May 2008: 2119 sales
  • May 2009: 1557 sales
  • May 2010: 2057 sales
  • May 2011: 1705 sales
  • May 2012: 2037 sales
  • May 2013: 2834 sales
  • May 2014: 2453 sales
  • May 2015: 2750 sales
  • May 2016: 2980 sales
  • May 2017: 3046 sales
  • May 2018: 3047 sales
  • May 2019: 2952 sales
  • May 2020: 1701 sales
  • May 2021: 3453 sales
  • May 2022: 3374 sales
  • May 2023: 2462 sales
  • May 2024: 2468 sales
  • May 2025: 2286 sales

Median Price Data:

  • May 2008: $319,500
  • May 2009: $225,000
  • May 2010: $230,000
  • May 2011: $190,000
  • May 2012: $203,000
  • May 2013: $234,000
  • May 2014: $269,250
  • May 2015: $281,000
  • May 2016: $290,750
  • May 2017: $305,600
  • May 2018: $305,000
  • May 2019: $315,000
  • May 2020: $313,000
  • May 2021: $350,000
  • May 2022: $350,500
  • May 2023: $335,000
  • May 2024: $360,000
  • May 2025: $390,000

“We continue to see the impact of low inventory on Chicago’s housing market, with fewer closed sales and steady buyer activity keeping prices on the rise,” said Erika Villegas, president of the Chicago Association of REALTORS® and broker and owner of RE/MAX In The Village. “Well-priced homes are still moving quickly, buyers and sellers alike should work closely with their REALTOR® to adapt their strategies in this fast-paced, competitive market.”

More condos are selling than single family homes in Chicago.

The mix of the sales:

  • 1,486 condo sales, down 10%
  • 800 single family home sales, down 2.1%

On pricing, median condo prices were up 4.4% to $412,500 while single family home prices were up 9.4% to $350,000.

Statewide, inventory continues to edge higher but it was coming off the all-time lows. Inventory rose 6% to 19,890 homes from 18,758 last year.

In 2025, statewide inventory is driven by the 9-county Chicagoland inventory, which rose 3.4% to 13,195 from 12,754.

However, the city of Chicago bucked the trend of rising inventory as it fell 13.2%.

  • May 2019: 10,096
  • May 2022: 7,115
  • May 2023: 5,073
  • May 2024: 4,934
  • May 2025: 4,284

Will we see a “3” handle on inventory sometime this year?

I’ve been talking about the “available” inventory on Redfin for several months for some of the popular GreenZone neighborhoods.

As of June 29, 2025, Lincoln Park has 141 properties available and Lakeview had 194.

Lincoln Park has been between 125 and 150 for months. Lakeview had been 200-225 until recently where it dipped under 200.

These are at ALL price points.

If a buyer is looking in the popular $400,000 to $500,000 price range in Lakeview for a 2/2, there are just 5 properties available.

Going up to $600,000, the number of properties available was just 12.

You can see why there are bidding wars.

For those of you who were around during the housing bubble years, it’s shocking that there’s virtually no new construction on the market with the exception of a few small luxury buildings where units start over $1 million.

There are also no new downtown condo buildings under construction for the first time in 10 years. However, developers still have available units in several buildings that have finished construction.

Current inventory in River North (which doesn’t include everything because developers don’t list all of their units on the MLS)  is just 303 units.

In Streeterville, it is 254 homes.

“Our three-month forecast expects home sales in Illinois to rise nearly 4 percent between June and August compared to last year. Prices are expected to remain relatively flat over the summer months, but end August roughly 7 percent higher year-over-year,” said Geoff Smith, Executive Director, Institute for Housing Studies at DePaul University in Chicago.

“In May 2025, Illinois single-family inventories experienced their 13th consecutive month of year-over year growth. Despite this, the state has seen one of the weakest recoveries to pre-pandemic inventory levels. Tight statewide inventories suggest that the market will remain highly competitive, but sustained inventory growth and increased days on market could be indications of improving conditions for homebuyers.”

The 30-year fixed rate mortgage was 6.82% in May 2025, up from 6.73% in April but down from 7.06% in May 2024.

In some states, inventory is rising quickly and is back to 2019 pre-covid levels.

When will Chicago see it rise?

Illinois home sales lower in May while median prices and inventory moved higher [Illinois Association of Realtors, Press Release, by Stephanie Sievers, June 23, 2025]

 

Get a 2/1 Timber Loft with Parking for $514,000 in Lakeview: 2804 N. Lakewood

This corner 2-bedroom loft at 2804 N. Lakewood in Lakeview came on the market in June 2025. (Sorry for my dreary winter picture of this building.)

Built in 1950, 2804 N. Lakewood is a boutique building with 20 units and on-site parking. It has a shared rooftop deck.

The listing says this unit is “historic charm meets modern style and comfort.”

It’s a corner loft with north and east exposures. It has  authentic loft features including 14 foot timber ceilings, oversized windows, exposed brick, and ductwork that is painted black.

It has hardwood floors in the living/dining rooms which are separated by a dual sided wood burning fireplace.

There are steps down to the kitchen which has white cabinets, black countertops, stainless steel appliances and white tile backsplash.

The primary bedroom has windows and carpet.

The second bedroom has no windows and also has carpet.

The listing says it has a “flexible open layout.”

This unit has the features buyers look for including central air, washer/dryer in the unit, and exterior secured parking is available for $15,000 extra.

This loft has no private outdoor space.

It’s near the shops and restaurants on Lincoln including Left Coast, Delilah’s, and Batter & Berries, and the Diversey bus. It’s about 3.5 blocks to the Diversey Brown Line subway stop.

Listed in June 2025 for $499,000 plus $15,000 for the parking, or $514,000, that’s $154,000 above the 2021 purchase price of $360,000.

There are only 203 properties available for sale in Lakeview right now.

Will this seller get the premium?

Kira Moscowitz at Baird & Warner has the listing. See the pictures and floor plan here.

Unit #102: 2 bedrooms, 1 bath, 1550 square feet

  • Sold in August 1996 for $220,000
  • Sold in July 2014 for $335,000
  • Sold in October 2021 for $360,000
  • Currently listed for $499,000 (plus $15,000 for outdoor parking)
  • Assessments of $348 a month (includes exterior maintenance, parking, scavenger)
  • Taxes of $7999
  • Central Air
  • Washer/dryer in the unit
  • Exterior secured parking space for $15,000
  • Wood burning fireplace
  • Bedroom #1: 14×12
  • Bedroom #2: 12×10
  • Foyer: 10×7
  • Living room: 30×13
  • Dining room: 16×14
  • Kitchen: 12×11

 

3-Bedroom in the Urban Treehouse Reduces $30,000 to $895,000: 1849 N. Hermitage in Bucktown

This 3-bedroom in the Urban Treehouse at 1849 N. Hermitage in Bucktown came on the market in May 2025.

Built in 1905, the Urban Treehouse is the former Sisters of the Resurrection Convent. It was converted into 7 luxury condos in 2013.

In the prior chatter about the building, I could not determine if it had an elevator. This listing shows a picture of the staircase (question answered.)

It does have attached garage parking but no other amenities.

This unit has exposed brick walls and ductwork and natural light from 2 exposures.

The living and dining room is open concept with the kitchen.

There are hardwood floors throughout.

The kitchen has modern Archisesto cabinetry, quartz countertops, luxury appliances by Subzero and Wolf, a wine fridge, an integrated coffee station and a large center island with seating for 4.

The primary suite has a walk-in-closet and en suite bath with custom tiled floor, oversized shower and a double sink.

There is also access to the private back deck from the primary suite AND also access to that deck in a separate hallway, so guests don’t have to walk through your bedroom to get to the deck.

The private deck has a pull down shade and is large enough for a dining table as it measures 14×11.

This unit has another full bathroom and two more bedrooms.

It has the features that buyers look for including central air, side-by-side washer/dryer with cabinetry and one garage parking space is included.

This building is near the 606, the shops and restaurants of Bucktown, the Clybourn Metra stop and various buses.

Listed at $925,000, it has been reduced $30,000 to $895,000. The unit last sold in 2021. It was listed for $799,900 and appears to have sold over list for $810,000.

3-bedrooms are in demand. Why isn’t this property selling?

Carrie McCormick at @properties Christie’s has the listing. See the pictures and floor plan here.

Or see it at the Open House on Saturday, June 28, 2025 from 12 to 2 PM.

Unit #301: 3 bedrooms, 2 baths, 1829 square feet

  • Sold in July 2014 for $690,000
  • Sold in December 2017 for $775,000
  • Sold in September 2021 for $810,000
  • Originally listed in May 2025 for $925,000
  • Reduced
  • Currently listed at $895,000
  • Assessments of $560 a month (includes exterior maintenance, lawn care, scavenger, snow removal)
  • Taxes of $16,212
  • Central Air
  • Side-by-side washer/dryer
  • Garage parking space included
  • Bedroom #1: 14×11
  • Bedroom #2: 13×12
  • Bedroom #3: 10×10
  • Living/dining combo: 26×16
  • Kitchen: 16×9
  • Walk-in-closet: 10×5
  • Laundry: 7×6
  • Deck: 14×11

A 3-Bedroom With 2-Car Garage Parking in East Lakeview for $1.099 Million: 506 W. Roscoe

This 3-bedroom in 506 W. Roscoe in East Lakeview came on the market in June 2025.

Built in 2005, 506 W. Roscoe has 9 units and attached garage parking. It is a boutique building with private elevator access and what looks like a shared rooftop deck.

It has private storage, is pet friendly and is professionally managed.

This is a single floor unit with 2800 square feet.

It has “rich” hardwood floors.

The listing says it has multiple living/dining areas, including a family room.

There’s a powder room near the living areas.

The kitchen is “chef inspired” with updated custom white cabinets, stainless steel appliances, and a “generous” peninsula.

The primary suite includes multiple closets and spa-like bath with dual vanities, a soaking tub, and a separate glass-enclosed shower.

The two other bedrooms share a bathroom.

This unit has the features that buyers look for including central air, washer/dryer in the unit and it has TWO parking spaces in the attached heated garage.

The listing says the 2-car parking in a garage is a “rare find” in this neighborhood.

It has a private balcony off the rear.

This building is near the shops and restaurants on Broadway in East Lakeview, the Mariano’s, Jewel, multiple bus routes and the Lakefront bike path.

Listed at $1.099 million, it last sold in 2018 for $920,000.

With an elevator and the entire unit on one level, would this make an ideal home for retirees?

Riz Gilani and Ben Myers at ALLURE Real Estate have the listing. See the pictures and floor plan here.

Unit #201: 3 bedrooms, 2.5 baths, 2800 square feet

  • Sold in September 2004 for $665,000
  • Sold in October 2015 for $915,000
  • Sold in June 2018 for $920,000
  • Currently listed at $1.099 million
  • Assessments of $790 a month (includes exterior maintenance, lawn care, scavenger, snow removal)
  • Taxes of $18,711
  • Central Air
  • Washer/dryer in the unit
  • 2-car parking in heated garage included
  • Wood burning fireplace
  • Bedroom #1: 16×14
  • Bedroom #2: 14×12
  • Bedroom #3: 10×10
  • Living room: 18×19
  • Dining room: 7×19
  • Family room: 19×15
  • Kitchen: 15×14
  • Laundry: 8×13
  • Balcony: 10×12

Timeless Elegance in the Gold Coast: A 2-Bedroom Pre-War for $475,000 at 73 E. Elm

This 2-bedroom in 73 E. Elm in the Gold Coast came on the market in May 2025.

73 E. Elm was built in 1928 and the listing calls it a “pre-war” boutique building. It has only 48 units. There’s no parking.

It was designed by famed Chicago architects McNally & Quinn.

The building has 24-hour doorstaff, a rooftop deck with lake views, on-site engineer and extra storage lockers. The listing says it’s a pet and investor friendly building.

The unit has many of its vintage features including a formal entry foyer with arched doorways, crown molding and rich, dark parquet floors throughout.

It has a decorative fireplace framed by cove molding.

The kitchen has been “recently renovated” and has white cabinets, quartz countertops and “brand-new” stainless steel appliances.

The listing says there are “two enclosed bedrooms” which may seem strange wording except I believe these units were originally one bedrooms with a formal dining room.

There is a primary suite and the second bedroom is a “charming woodpaneled room with French doors, perfect as a guest bedroom, den or home office.”

There is just one bathroom and it has a walk-in-shower.

There is no central air but it has “small duct high velocity cooling.”

It also doesn’t have in-unit washer/dryer, but a shared laundry room onsite, or parking. Parking is available to rent in the neighborhood.

This building is near Oak and Rush Streets, Oak Street Beach and the shops and restaurants in the Gold Coast and on Michigan Avenue.

There are numerous bus lines nearby.

Listed in May 2025 at $475,000, it is still listed for $475,000.

This building is popular with those who love vintage buildings and design. This unit is 1200 square feet.

Will it get this price?

Chloe Ifergan at Jameson Sotheby’s has the listing. See the pictures here.

Unit #12D: 2 bedrooms, 1 bath, 1200 square feet

  • Sold in 1986 (no price)
  • Sold in February 1998 for $211,500
  • Sold in January 2000 for $270,000
  • Sold in April 2001 for $350,000
  • Sold in July 2012 for $378,500
  • Originally listed in May 2025 for $475,000
  • Currently still listed at $475,000
  • Assessments of $1677 a month (includes heat, cable, doorman, exterior maintenance, scavenger, snow removal, Internet)
  • Taxes of $6635
  • Central air? Says there is “small duct high velocity cooling”
  • No washer/dryer in the unit- laundry room in the building
  • No parking but available in the neighborhood
  • Decorative living room fireplace
  • Bedroom #1: 15×12
  • Bedroom #2: 16×12
  • Foyer: 14×6
  • Living/dining room: 23×13
  • Kitchen: 16×7
  • Walk-in-closet: 6×6

Should You Buy a 1-Bedroom? Vintage with W/D in East Lakeview for $299,000: 726 W. Sheridan

This 1-bedroom in a vintage courtyard building at 726 W. Sheridan in East Lakeview came on the market in June 2025.

Built in 1920, this courtyard building has 44 units and a shared stone-paved courtyard with common grills, tables and chairs.

Converted to condos in 2002, it is pet friendly and has a dog run.

This is a top-floor unit with hardwood floors.

It has a separate dining room which looks like it used to be the living room in prior sales (the living/dining rooms are now flipped.)

There’s a formal entry foyer.

The kitchen has white cabinets, stone counter tops and stainless steel appliances.

The unit has some features that buyers look for including an in-unit washer/dryer, but it does not have central air. It has only window A/C units. It also does not have parking. There is parking in the neighborhood.

It has a large private brick balcony that overlooks the courtyard.

This building is walkable to Wrigley Field, the lake front, breweries, restaurants and shops on Broadway, and the Southport neighborhood and is near the Red line subway and various bus routes.

Listed at $299,000, that is $56,000 above the 2021 sales price of $243,000.

With rents rising, are starter 1-bedroom condos back in vogue again?

Niral Patel at Compass has the listing. See the pictures and floor plan here.

Unit #3S: 1 bedroom, 1 bath, 915 square feet

  • Sold in August 2003 for $230,500
  • Sold in May 2007 for $255,000
  • Lis pendens foreclosure filed in December 2014
  • Bank owned 
  • Sold in July 2015 for $180,000
  • Sold in November 2016 for $201,000
  • Sold in June 2020 for $230,000
  • Sold in April 2021 for $243,000
  • Currently listed at $299,000
  • Assessments of $523 a month (includes heat, cable, exterior maintenance, lawn care, scavenger, snow removal)
  • Taxes of $4153
  • No central air (window A/C units only)
  • Washer/dryer in the unit
  • No parking
  • Bedroom: 13×10
  • Living room: 14×12
  • Dining room: 16×12
  • Kitchen: 17×9
  • Foyer: 15×4
  • Balcony: 14×7

3-Bedroom With Panoramic Skyline Views in the West Loop for $925,000: 1200 W. Monroe

This 3-bedroom in The Metro at 1200 W. Monroe in the West Loop came on the market in June 2025.

The Metro was built in 2002 and has 136 units and heated garage parking.

It’s also a rare West Loop building that has door staff. It also has an exercise room.

This is a corner unit on the curve. The Metro was considered a “soft loft” at the time, with tall ceilings and exposed duct work.

It has floor-to-ceiling windows with panoramic skyline views of the Willis Tower. There are remote control blinds by the Shade store in the living room and bedrooms.

The unit has a large balcony off the living room with the furnishings and grill included.

The main living area has light engineered hardwood floors while the bedrooms have carpet.

The unit has a “chef’s kitchen” open to the living and dining room with modern gray and white cabinets, a Thermador refrigerator, a Gaggenau full surface induction cooktop, a Danby wine cooler, Bosch dishwasher, Caeserstone quartz countertops, and a large island.

All bedrooms are fully enclosed and have exterior windows.

The primary suite is en suite with a modern double vanity, an Americh Japanese inspired soaking tub and a walk-in-shower.

There are custom closets by Design and Lightology fixtures.

The unit has the features buyers look for including central air, washer/dryer in the unit and one garage parking space included.

The listing says the A/C, furnace and humidifier have all been replaced in the “last few years.”

This building is near the shops and restaurants of the West Loop including Randolph Restaurant Row and Fulton Market. There is a Mariano’s, Target and Whole Foods in the neighborhood. It is near the Eisenhower and the Green Line El stop, and bus routes are nearby.

Listed at $925,000, is a 3-bedroom under a million dollars a deal for this neighborhood?

Lauren Mitrick Wood and Sarah Elpayaa at Compass have the listing. See the pictures here.

Or you can see it at the Open House on Saturday, June 14, 2025 at 12 pm to 2 pm.

Unit #808: 3 bedrooms, 2 baths, 1735 square feet

  • Sold in April 2005 for $510,000
  • Sold in June 2021 for $830,000
  • Currently listed at $925,000
  • Assessments of $1120 a month (includes heat, gas, doorman, exercise room, exterior maintenance, scavenger, snow removal)
  • Taxes of $14,937
  • Central Air
  • Full size stackable washer/dryer in the unit
  • Garage parking space included
  • Bedroom #1: 15×11
  • Bedroom #2: 12×12
  • Bedroom #3: 12×12
  • Living/dining room: 18×26
  • Kitchen: 11×10
  • Balcony: 5×16

 

3-Bedroom Modern Masterpiece in University Commons: 1033 W. 14th in University Village

This 3-bedroom loft in University Commons at 1033 W. 14th in University Village came on the market in June 2025. (Sorry- no picture)

University Commons was built in 1922-1925 and converted into loft condos in 2007-2008, which was the height of the housing bubble.

It is a 6 building mega-development with about 824 units and heated garage parking.

It has a heated outdoor pool, “serene suburban-like sidewalks,” lush landscaping, mature trees, common rooftop deck with skyline views, workout room, party room, dog run, rent-able theater and on-site management.

This is a corner unit that the listing calls a “modern masterpiece.”

It has had a “designer renovation” and is in “triple mint condition.”

This loft has concrete ceilings and columns with floor-to-ceiling windows.

There are herringbone bamboo floors throughout.

The Chef’s kitchen has Bosch appliances, Franke sink and hot pot, white cabinets, crisp white millwork, honed marble countertops and backsplash along with an oversized island.

Two of the three bedrooms have windows in a split floor plan. The third is also called a “den” on the floor plan.

The primary suite is oversized and has a walk-in-closet and en suite bathroom with a freestanding claw foot tub, frameless glass shower and dual vanity.

The unit has the features that buyers look for including central air, washer/dryer in the unit, and heated garage parking is included.

It also has a private outdoor balcony that overlooks the central courtyard.

These buildings are in University Village but is a short stroll away from 18th street in Pilsen. The West and South Loop restaurants and shops are also nearby.

Listed at $599,999, it is $69,999 above the 2023 sales price of $530,000. The renovation had been done before the 2023 sale.

Will it get the premium?

Cory Tanzer at Option Premier has the listing. See the pictures and floor plan here.

Unit #337: 3 bedrooms, 2 baths, 1501 square feet, loft

  • Sold in May 2007 for $466,000
  • Sold in November 2018 for $413,500
  • Sold in November 2023 for $530,000
  • Currently listed at $599,999
  • Assessments of $790 a month (includes cable, exercise room, pool, exterior maintenance, lawn care, scavenger, snow removal, Internet)
  • Taxes of $4971
  • Central Air
  • Washer/dryer in the unit
  • Heated garage parking included
  • Bedroom #1: 14×16
  • Bedroom #2: 12×11
  • Bedroom #3: 7×13
  • Living room: 14×15
  • Dining room: 10×15
  • Kitchen: 9×16
  • Pantry: 8×6
  • Laundry: 6×6
  • Walk-in-closet: 10×5
  • Balcony: 15×7

Recently Renovated 2-Bedroom in River North Reduces $16,000 to $479,000: 600 N. Dearborn

This 2-bedroom in the Farallon at 600 N. Dearborn in River North came on the market in April 2025.

The Farallon was built in 2001 and kick-started the condo boom in River North. It has 161 units and an attached garage.

It’s a full-amenity building with 24/7 door staff, fitness center, sundeck, party room, hospitality suite and on-site management.

The listing says this unit has been “recently renovated.”

It’s a northwest corner unit with a split floor plan.

If you look at the pictures from the 2022 sale, you can see some finishes have been updated.

The listing says the hardwood floors are newly refinished. In 2022, they were dark stained and now they are light.

It has a private balcony.

The living room is open to the dining room space.

It has a modern kitchen with newer green and white cabinets, quartz countertops with a waterfall edge, white subway tile backsplash, and new high-end stainless steel appliances.

The primary suite has a pass-through closet and a “spa-like” en suite with dual sinks, walk-in-shower and a separate soaking tub.

It has features that buyers look for including central air, “newer” in-unit washer/dryer and one deeded garage parking space is available for $20,000.

This building is next to the post office and is “steps” away from top rated restaurants and public transit.

Listed in April 2025 for $495,000, it has been reduced $16,000 to $479,000.

Buyers love “new.”

Why isn’t this selling?

Emily Sachs Wong and Heather Ruwe at @properties Christies has the listing. See the pictures here. To see the floor plan look at the 2022 listing.

Unit #701: 2 bedrooms, 2 baths, 1200 square feet

  • Sold in September 2001 for $311,500
  • Sold in December 2001 for $328,000
  • Sold in July 2008 for $415,000
  • Sold in June 2022 for $437,000
  • Originally listed in April 2025 for $495,000
  • Reduced
  • Currently listed at $479,000
  • Assessments of $971 a month (includes heat, gas, doorman, cable, exercise room, scavenger, snow removal)
  • Taxes of $8205
  • Central Air
  • Washer/dryer in the unit
  • Bedroom #1: 14×12
  • Bedroom #2: 14×11
  • Living/dining combo: 13×23 (these were split in the 2022 sale with the living room at 13×13)
  • Kitchen: 10×8
  • Walk-in-closet: 7×5
  • Foyer: 10×4
  • Balcony: 11×5