Stunningly Renovated 2/2 in 757 N. Orleans in River North Listed at $559,000
This 2-bedroom in 757 N. Orleans in River North came on the market in June 2023.
Built in 2008, just as the housing bust was hitting, 757 N. Orleans has 198 units and attached garage parking. You may recall that the developer did a bulk sale of 39 units to an investor at the bottom of the housing bust in 2012.
It’s a full amenity building with 24-hour door staff, an exercise room, an outdoor pool, a business center, a party room and a dry cleaner.
The listing says this unit has been “stunningly renovated.”
It has hardwood floors throughout and floor to ceiling windows.
The kitchen has been “newly updated” and has white cabinets, quartz countertops, a breakfast bar, stainless steel appliances and what looks like a white tile backsplash.
There’s a balcony off the living room.
The unit has a split floor plan with the bedrooms on the opposite sides of the unit.
The primary bedroom has a walk-in-closet and an en suite bath with stone tiles, high end gold fixtures, a soaking tub and a dual vanity.
The second bathroom now has custom tiles and finishes.
Interested in what it looked like before the renovation? Redfin has the 2016 pictures in the sales history.
This unit has the features that buyers look for including central air, washer/dryer in the unit and garage parking is included in the price.
The listing says “no rental restrictions or caps.”
It’s near the shops and restaurants of River North and the Gold Coast and is next to the Chicago el stop. There are also several bus routes nearby.
Listed at $559,000, the unit last sold in 2016 for $471,000.
Buyers love “new.”
Will this condo sell quickly?
Anne Fan at Compass has the listing. See the pictures and floor plan here.
Unit #1809: 2 bedrooms, 2 baths, no square footage listed
- Sold in August 2016 for $471,000
- Currently listed at $559,000 (includes garage parking space)
- Assessments of $705 a month (includes heat, a/c, gas, doorman, cable, exercise room, pool, scavenger, snow removal, Internet)
- Taxes of $5267
- Central Air
- Washer/dryer in the unit
- Bedroom #1: 11×16
- Bedroom #2: 15×12
- Living/dining room: 20×14
- Kitchen: 13×10
- Balcony: 10×4
Should note that this is 2 blocks away from Mr Beef
This is pretty much at rent parity, save the DP and rent.
HOA seems low, would want to know the reserves status
Seems priced about right. This mostly original one is contingent at $557k:
https://www.redfin.com/IL/Chicago/757-N-Orleans-St-60654/unit-1707/home/21848318
Feature has nicer bath finishes, but doesn’t have primary bath separate shower. Feature also has new(ish?) appliances.
Biggest difference tho is different layout and view. A lot of units in this building have relatively long entry halls/foyers, and I dunno that I think it’s the best use of SF.
Nice enough unit. The immediate area feels sketchy to me after dark on Fri & Sat night. I was over there recently and there were a lot of vagrants and gangbanger types milling around.
I’m surprised this one did a renovation of the kitchen and baths already. Only 15 years old. Do you need to do it if it was built prior to 2010?
Lots of housing boom condo units that look “old” now. They are 20 years old with the old finishes. Younger buyers don’t want the old finishes. It’s dated.
I like the finishes choices in this unit. Seems really modern. Could just move in.
Smart placement of balcony in front of kitchen, so view from main living space isn’t obstructed by patio furniture or a grill.
Nice to see a proper 2 bed / 2 bath in this area. Most are lacking full walls and/or exterior windows in one of the bedrooms.
“ I’m surprised this one did a renovation of the kitchen and baths already. Only 15 years old. Do you need to do it if it was built prior to 2010?”
Day drinking?
I though someone posted that everyone wanted new?
Look at some of the units with original finishes, there you’ll find your answer