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River North is Back to 2006 Prices: A 3-Bedroom in 600 N. Kingsbury

This 3-bedroom duplex up at 600 N. Kingsbury in River North just came on the market.

The listing calls it a “penthouse” because it’s on the top floor of that lower part of the building in the picture.

The unit overlooks the park and has river views.

There is an office/den on the second level which has 2 stories worth of windows.

2 of the 3 bedrooms are on the main floor with the third on the second floor.

The kitchen has stainless steel, granite and white cabinets.

There is central air, washer/dryer in the unit and 2 car parking is available for $25,000 each.

Including the 2-car parking (which the other sales, except the 2002 purchase, did include), this unit is priced at the 2006 purchase price.

Is it a positive for the housing market that the bubble has reflated in the River North neighborhood?

Bryan Eugenio at @Properties has the listing. See the pictures here.

Unit #509: 3 bedrooms, 2.5 baths, duplex up, 2000 square feet
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  • Sold in October 2002 for $666,000 (included 1 parking space)
  • Sold in October 2006 for $647,500 (included 2 parking spaces)
  • Sold in September 2010 for $525,000 (included 2 parking spaces)
  • Currently listed for $600,000 (2 parking spaces are $25,000 each)
  • Assessments of $975 a month (includes doorman, cable, gas, pool, heat and air conditioning)
  • Taxes of $8478
  • Central Air
  • Washer/Dryer in the unit
  • Bedroom #1: 13×11 (main floor)
  • Bedroom #2: 13×10 (main floor)
  • Bedroom #3: 11×10 (second floor)
  • Den: 16×9 (second floor)

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This entry was posted on Tuesday, October 1st, 2013 at 5:15 am and is filed under River North. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

4 Responses to “River North is Back to 2006 Prices: A 3-Bedroom in 600 N. Kingsbury”

  1. It changes hands every three to four years. Interesting. What’s the catch?

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  2. “the bubble has reflated in the River North neighborhood”

    In real dollar terms, *IF* this sells at the $650 ask, it’s over 27% UNDER the **2002** price.

    Doesn’t look like a bubble price to me.

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  3. “In real dollar terms, *IF* this sells at the $650 ask, it’s over 27% UNDER the **2002** price.”

    2002 wasn’t the peak of the bubble.

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  4. “2002 wasn’t the peak of the bubble.”

    Um, yeah, I know. Which makes it much *LESS* likely that this is a ‘peak bubble’ price. 2002 to peak, based on C-S Condo index, was up ~30%–so, if it tracked, this one would/should have sold for about $865k in Sep-07.

    Or are we now saying that the highest price that any property ever sold at was the “bubble price” regardless of when that highest sale was made?

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