Something Strange is Going on in 30 E. Huron
Sometimes there are listings that just seem strange.
There were recently two listings for 1 bedroom units at 30 E. Huron, the 1980 apartment to condo conversion high rise in River North. They started converting these units in 2004. The developer website says the building is now “sold out.”
These two listings said they were “potential short sales.”
Unit #2210: 1 bedroom, 1 bath, 780 square feet
- Sold in July 2006 for $292,000
- Sold in August 2007 for $451,000
- Now in “potential short sale” for $399,900
- 1 car parking (not sure if that’s included or not)
- @Properties has the listing (which has apparently been removed from the MLS but was still in their Sunday classified listing)
Unit #3710: 1 bedroom, 1 bath, 780 square feet
- Sold in August 2005 for $285,000
- Sold in August 2007 for $416,500
- Currently listed as a “potential short sale” for $399,900
- 1 car parking (not sure if it’s included or not)
- @Properties has the listing (see above- it is no longer on the mls)
I couldn’t find any other 780 square foot one bedrooms for sale in the building right now. There is this penthouse 717 square foot 1 bedroom (marketed originally as a “convertible” unit) for considerably less than $399,900.
Unit #PH05: 1 bedroom, 1 bath, 717 square feet
- Currently listed for $368,900
- Assessments of $369 a month
- Crown Heights Realty has the listing
There are several 1 bedrooms plus den units with 900 square feet on the market. They have renovated kitchens and baths.
Unit #1909: 1 bedroom plus den, 900 square feet
- Sold in May 2005 for $424,500
- Currently listed for $389,000 (deed parking sold separately)
- Assessments of $480 a month
- Century 21 Sussex & Reilly has the listing
These two 1 bedroom units closed less than six months ago and during the height of the “credit crisis” in August. If you look at the 2007 closings in the building, these units were in the top 10 for the most expensive units that sold for the entire year.
If they’re potential short sales- then they’re already in trouble on the mortgage. Again, in only about 5 months!
Strange indeed.
Oh- you can also apparently rent some of these condos as hotel rooms. Check that out here.
30 E. Huron [website]
haha, ya PH05 should really be listed as a 0-BR studio.
I used to live at 30 when it was run by Habitat.
One thing for perspective buyers to check out….back in my day (early 2000s), the drywall between units was thin. you could hear your neighbors vacuums/loud conversations/music/etc.
Theoretically, the old walls should have been knocked down and new drywall/insulation installed. But as always, some developers like to economize where unnoticed…especially as the A/C units look a lot like the “new” units that were installed in 2000 when the 1982-units were rehabbed by Habitat.
and unfortunately a lot of the good city views have been blocked new development…fordham, etc.
Why are so many places going up for sale in this particular building?
Probably lots of investors bought here as it was a conversion during the height of the boom.
I continue to see foreclosures and short sales in the building.
How do i find out about foreclosures in this building?
Check the listings for the building. Anything sold “as is” is bank owned.
You can find foreclosures on various sites like the Chicago Tribune, Crain’s and other websites.
Or get an agent, and you’ll have all the listings.
Thanks.
Anyone know how much ph05 was purchased for by current buyer or if it is still on market.
I toured this building back in 2006. Two things that stick out in my mind were the lack of a fire sprinkler system in the building and not separate elevators for the high floor units. If the city mandates that sprinkler systems go in, this will be an expensive and messy process. Regarding the elevators, I went to look at a unit around the 40th floor and we stopped constantly. Many buildings have a separate elevator bank for units above floor 35.
why hasn’t the city mandated it yet? just curious also….if they do how muchwould it cost each owner?
what do you think is a fair price for a place like ph05 given that it is such a small square footage