Renovated 3-Bedroom River North Penthouse Reduces to $949,000: 600 N. Kingsbury
This 3-bedroom penthouse in Park Place at 600 N. Kingsbury in River North came on the market in May 2024.
But many of you might remember it from our last chatter in September 2019. It had recently been renovated at that time.
You can see our chatter here.
Park Place was built in 2002 and has 163 units and garage parking. It’s a full amenity building with doormen, an outdoor pool and an exercise room.
The 2020 listing said this penthouse had a “gut rehab” which took 1.5 years to complete.
It had new electric, plumbing and sprinklers.
The current listing said the fully renovated penthouse was “crafted by Chris George Interiors.”
If you recall, the 2-story living room has a floating staircase and custom electric floor-to-ceiling drapes.
There is an Italian Arrital kitchen with porcelain counter tops, a floating Italian hood, and Subzero, Dacor and Wolf appliances.
There are panoramic views of the park and Chicago River.
The primary bedroom is on the main floor and has a designer fireplace, an en suite bathroom which is a “spa-like oasis” with heated Italian porcelain floors, air jet tub with a Fantini waterfall tub filler, and a steam shower with body sprays.
There is another bedroom and full bath on the main floor and the third bedroom is on the second level.
In 2020, it was used as a den but in 2024, it appears to be an office/workout room.
This unit also has a 24×12 rooftop terrace with skyline views.
This penthouse has central air, washer/dryer in the unit and 2 extra large garage spaces.
This building is along the River, near a park and riverwalk, and is near the shops and restaurants of West River North.
It sold in May 2020, just 2 months after the start of the covid pandemic, when home sales had froze, and before things picked up. Originally listed in March 2019 for $1.2 million, it finally sold in May 2020 for $895,000.
Four years later, it was listed in May 2024 for $995,000 but has reduced to $949,000.
Buyers love “new.”
Why isn’t this selling?
Joanne Hudson and Forrest Hudson at Compass have the listing. See the pictures and floor plan here.
Unit #1906: 3 bedrooms, 3 baths, 2100 square feet, duplex, penthouse
- Sold in January 2004 for $700,000 (included 2 parking spaces)
- Lis pendens filed in July 2008
- Bank owned in March 2011
- Sold from the bank in March 2012 for $335,000 (included the parking)
- Originally listed in March 2019 for $1.2 million
- Reduced
- Was listed in September 2019 at $1 million (plus $70,000 for 2-car parking)
- Sold in May 2020 for $895,000
- Originally listed in May 2024 for $995,000
- Was under contract
- Came back on and then was reduced
- Currently still listed at $949,000
- Assessments are now $1948 a month (was $1657 a month in September 2019) (includes air conditioning, gas, doorman, exercise room, pool, exterior maintenance)
- Taxes are now $20,360 (they were $17,784 in 2019)
- Central Air
- Washer/dryer in the unit
- 2 extra large garage parking spaces (included this time?)
- Fireplace in the master bedroom
- Bedroom #1: 18×16 (main level)
- Bedroom #2: 16×10 (main level)
- Bedroom #3: 15×18 (second floor)
- Kitchen: 12×10 (main level)
- Living room: 14×17 (main level)
- Dining room: 11×12 (main level)
- Walk-in-closet: 9×6 (main level)
- Deck: 24×12 (second level)
Is RN strictly a B-/C+ location?
Place is fine. HVAC system looks a bit questionable
“ Why isn’t this selling?”
Because a highrise casino will soon blemish the view.
I’m curious – will the casino be tall enough to blemish the view?
“I’m curious – will the casino be tall enough to blemish the view?”
What view? Of the river?
There is already a public park in front of the building and THEN the river. As I have mentioned before, I’d much rather look at a redeveloped piece of land on the other side of the river, even with a bunch of high rises, than what is there right now.
Do you live in a big city with skyscrapers, or not?
No view is “protected”. But the park and river will likely never go away. There is plenty of airspace between this building and the casino.
“Because a highrise casino will soon blemish the view.”
What’s the “view”???? Of a dumpy former printing building?
Because the view of the river and the park ain’t going anywhere.
“a highrise casino will soon blemish the view.”
The highrise is the hotel, but that’s a quibble.
The more salient objection to that objection is that the hotel is now going to be near the south-end of the site–and (at most) barely visible from the LR windows of this unit, unless you lean out of them.
The casino itself will certainly be visible, but is largely replacing a blank brick wall rising straight from the water with a riverwalk and similarish massing behind that.
Will it look at good as the renders: https://casinos.ballys.com/chicago/renderings.htm ? Probably not, but from a strictly visual perspective it’s at worst a wash. The potential noise, traffic, etc may well be a negative, of course.
“ What’s the “view”???? Of a dumpy former printing building?”
The 19th floor open airspace that the dumpy former printing building previously protected is the soon to be lost view.
“The 19th floor open airspace that the dumpy former printing building previously protected is the soon to be lost view.”
Maybe that’s not “lost”???
I don’t get it. Plenty of people live in downtown Chicago with high rises across the street (not even across a river and park) and enjoy that “view.”
Different strokes for different folks, apparently.
Also, it’s been my experience that it’s always the “fear” of the unknown that has buyers freaked out and once the building is built, it’s fine. People realize, “oh, it’s actually not THAT big of a deal.” This even happened with 165 N Canal, which is the most extreme example of a view changing.
Additionally, the endless comments on this blog about the “noise” and other issues of having a casino nearby are pretty laughable. There has been a temporary casino in River North for nearly a year now without any problems or increase in these issues that everyone was worried about.
Isn’t the bigger issue with the casino the music venue? That’s the real “noise” and thing that will attract a bunch of people.
But the same argument could be made about the music venue they want to build near the United Center. It will attract a LOT of people, noise, traffic etc. Will the neighbors be arguing against it too?
“But the same argument could be made about the music venue they want to build near the United Center. It will attract a LOT of people, noise, traffic etc. Will the neighbors be arguing against it too?”
This isn’t that project, but it’s nearby, and much smaller, and yes, the NIMBYs are out:
https://blockclubchicago.org/2023/05/19/near-west-side-neighbors-ald-walter-burnett-question-plans-for-500-person-music-venue-near-united-center/
“This isn’t that project, but it’s nearby, and much smaller, and yes, the NIMBYs are out:”
Yeah, as you point out, this is a different project. The one I was referring to is the 6,000 seat one.
Most residential neighborhoods don’t like music venues, of any kinds. Bars, concert venues etc. Too many people coming and going and drinking late into the evening.
But that’s really what people have against the casino right? It’s not the casino building, per say, it’s the restaurants and music venue attached.
“per say”
Given that the smaller venue is less than 4 blocks from the bigger one, and the smaller one drew objections from the neighbors, it’s reasonable to think the larger one will, too.
Of course, the larger on has much more powerful sponsors, so it’s more likely to get Walter (he’s the alder there, too, right? Ok, or whoever the alder is) on baord and be able to throw a bone to the hood.