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Stresses and Strains in River North: 330 W. Grand

We’ve chattered about 330 W. Grand, the Grand Orleans, in River North before. Some sellers are now under strain in the building.

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One unit, Unit #1406, is priced at 2005 prices. Another, Unit #1602, is going to foreclosure auction this week.

Here’s the listing for #1406:

LOWEST PRICED 2BD/2BTH! 14TH FLOOR CORNER UNIT WITH AMAZING EAST AND NORTH VIEWS! MA BATH W/ WHIRLPOOL BATH AND SEP SHOWER! BOTH BATHS MARBLE, HRDWD FLOORS,MA BDRM LARGE WALK- IN CLST, FITNESS CENTER,

24 HR DRMAN, IN UNIT WASHER-DRYER GRANITE COUNTERS, BLK GE APPLCS, PARKING +35K ADDTL, WINDW TREATMENT INCLUDED! LEASED UNTIL 3/01/09 $2200 PER MONTH OR TENANT WILL LEAVE OR STAY WITH 60 DAY NOTICE.

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ITown Realty has the listing. See more pictures here. 

Unit #1406: 2 bedrooms, 2 baths, 1226 square feet

  • Sold in November 2005 for $373,000
  • Recently reduced
  • Currently listed for $375,000 (plus $35k for parking)
  • Assessments of $603 a month
  • Taxes of $4,522

Unit #1602 is going to foreclosure auction this week. It is not currently listed on the market.

  • Sold in December 2006 for $571,000
  • Lis pendens filed in July 2007
  • Foreclosure auction of $447,890

This entry was posted on Wednesday, September 3rd, 2008 at 10:09 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.

One Response to “Stresses and Strains in River North: 330 W. Grand”

  1. I’m looking for a condo in Chicago, but these prices still seem a bit high to me. Since there’s so much inventory coming on the market, I think I’ll just wait and see.

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