The Best Views in Chicago? A 4268 Sq Ft Home in the Sky: 340 E. Randolph in Lakeshore East
This 3-bedroom in 340 On the Park at 340 E. Randolph in Lakeshore East came on the market in June 2020.
340 On the Park was built in 2007 and has 344 units and an attached parking garage. It’s a full amenity building with doormen, an indoor lap pool, exercise room, business center and winter garden.
340 On the Park, despite being built at the height of the housing bubble, remained one of the most popular downtown buildings all throughout the housing bust.
This unit is on the 57th floor and has both southern and northern views.
It has 4268 square feet on one level and includes some unique features including a lighted water wall when you enter the unit and a new Sony 4K High Definition Home Theater System in the family room.
It has Elan and Lutron electronic systems which control shades, lighting, music, surround sound, TVs and blinds.
The flat screen televisions in all the rooms can be included in the sale.
All 3 bedrooms are en suite.
The kitchen has modern wood cabinets, stainless steel appliances and a massive kitchen island with seating.
The unit has a south facing balcony with views of Millennium Park, Grant Park, Michigan Avenue, and Lake Shore Drive and the Lake, which also has a new gas line to the grill.
There’s also a north facing balcony which has views of Aqua, Trump Tower, the Hancock, and the latest addition to the city, the Vista.
It has central air, washer/dryer in the unit and 2-car parking (is it included in the price? Appears to be).
But the star is those views.
The listing calls it the “best view in Chicago.”
Is it?
Bob Burger at Keller Williams Lincoln Park has the listing. See the pictures here.
Unit #5703: 3 bedrooms, 3.5 baths, 4268 square feet
- Sold in January 2008 for $2.795 million (included 2 car parking)
- Originally listed in June 2020 for $4 million
- Currently is still listed at $4 million (2 car parking included???)
- Assessments of $2717 a month (includes heat, gas, doorman, cable, Internet, clubhouse, exercise room, pool, exterior maintenance, lawn care, scavenger and snow removal)
- Taxes of $58,373
- Central Air
- Washer/dryer in the unit
- Water wall
- Bedroom #1: 13×18
- Bedroom #2: 12×14
- Bedroom #3: 12×14
- Kitchen: 16×17
- Living room: 31×17
- Family room: 25×20
- Dining room: 17×18
- Laundry room: 6×16
Impressive, Very impressive. Views are absolutely killer
As an added bonus you get a front row seat to the riots/protests
Anyone know what the hit was for on the Special?
“Anyone know what the hit was for on the Special?”
Google “Lakeshore East special assessment”
340 OTP was required to pay 8% of the bond issue that was instituted during development of LSE to pay for infrastructure.
“340 OTP was required to pay 8% of the bond issue that was instituted during development of LSE to pay for infrastructure.”
Thanks – dumb math would have this at about $15k. Probably bump it to $25k because of the unit size
Great views, though I can’t understand why people with this sort of money choose highrise living. The $2k+ paid in monthly assessments could cover all exterior maintenance on a house.
You get to put $1.3mm appreciation in the owners pocket and get a front row view of the Columbus statue being torn down. Evening stroll with the missus cancelled.
The views are breathtaking, but the rest is a little…underwhelming. I know they probably removed some personal items for staging purposes, but, man, this place has a cold, corporate feel. It is HUGE, though, and this is a great location. I would guess it would sell closer to $3M than to $4M.
front row view of the Columbus statue being torn down
Am I alone in not realizing there was a statue of Columbus in Grant Park? I have lived in Chicago for over 30 years and I literally had no idea until like 2 weeks ago.
I really like this building, but looking at these pictures is making me miss the Grant Park Symphony / concerts in Millennium Park. Hands down my favorite thing to do in Chicago in the summer.
“Great views, though I can’t understand why people with this sort of money choose highrise living. The $2k+ paid in monthly assessments could cover all exterior maintenance on a house.”
well safety for one…
“Am I alone in not realizing there was a statue of Columbus in Grant Park?”
I wouldn’t have been able to tell you where it was, but given that the city hosted the Columbian Expo, it’s sort of surprising that there are only the sort of goofy one now in Little Italy and the one at Columbus and Roosevelt.
Love the views and overall look. I guess I can ignore that in one direction it looks right into another building, and those shades would have to be closed all the time for privacy.
“Great views, though I can’t understand why people with this sort of money choose highrise living. The $2k+ paid in monthly assessments could cover all exterior maintenance on a house.”
Because you don’t have to worry about a single thing? Because the door people know your name and bring your packages to your door?
Because there’s a lovely gym, indoor pool and “winter garden”?
Am I alone in not realizing there was a statue of Columbus in Grant Park? I have lived in Chicago for over 30 years and I literally had no idea until like 2 weeks ago.
I had no idea either Madeline. But there are a ton of statues in Grant Park and Lincoln Park, as well as the other parks, that most of us have no idea are there.
“You get to put $1.3mm appreciation in the owners pocket and get a front row view of the Columbus statue being torn down. Evening stroll with the missus cancelled.”
Well- this building overlooks Millennium Park and further south is Grant Park. I don’t think the “evening stroll” would be cancelled.
However, you might have difficulty “strolling” through Millennium Park right now as they have blocked off all the entrances to keep the number of people by the bean at a low level so there is only one entrance, and one separate exit, right now. And both are on the Michigan Avenue side.
“Great views, though I can’t understand why people with this sort of money choose highrise living. The $2k+ paid in monthly assessments could cover all exterior maintenance on a house.”
Also, if you have several homes and/or travel frequently, it makes the most sense to be in a high rise. All you have to do is close your door and you can leave the property for weeks or months at a time. You don’t have to worry about someone breaking in, a burst pipe during the winter etc.
“Great views, though I can’t understand why people with this sort of money choose highrise living. The $2k+ paid in monthly assessments could cover all exterior maintenance on a house.”
Also, there is, simply more privacy and security in a high rise.
Remember when Rosie O’Donnell was filming her talk show here? She attempted to live in a single family home in Southport. People used to drive by all the time honking their horns and screaming stuff.
But there are a ton of statues in Grant Park and Lincoln Park, as well as the other parks, that most of us have no idea are there.
4 or 5 summers ago, Mr. Madeline and I did a couple of bike rides where we visited every statue included in the “statue stories” (http://www.statuestorieschicago.com/downloads/map.pdf). It was pretty interesting. Maybe we should do it again this summer.
I used to work in the Aon Center in a south facing office. I stared out the window for hours and it never got old.
For that money I could not imagine having an office building staring into your condo on one full side. Your privacy is out the window, literally.
“Also, if you have several homes and/or travel frequently, it makes the most sense to be in a high rise. All you have to do is close your door and you can leave the property for weeks or months at a time. You don’t have to worry about someone breaking in, a burst pipe during the winter etc.”
Because the top 0.01% that can swing a $4MM part time home would probably balk at hiring a property manager, wouldn’t have a security system and are incapable of shutting off the waterline (I/S the house).
How do you think people that have cabins or Caribbean Villas manage?
Honestly, your foolishness know no bounds. Is it that difficult to say that some people like Condo living and some prefer SFH?
“Because the top 0.01% that can swing a $4MM part time home would probably balk at hiring a property manager, wouldn’t have a security system and are incapable of shutting off the waterline (I/S the house).”
Most of the Hollywood celebrities in Chicago own in high rises. Many come for the summer including actors/actresses who lived here when they were younger, love it, and just want to be here in the summers.
Why do they own in highrises?
Ellen DeGeneres house out in Santa Barbara was just robbed recently. Many celebrity homes in LA have been burglarized in recent years. They can all afford a “property manager” and I’m sure they have “security systems.”
None of that makes up for the ease of having a property in a high rise where you can just close the door and walk to your car to go to the airport. Literally NOTHING else needs to be done.
Heck, some buildings, like the Ritz on Michigan Avenue, even have butler service so you could have them come in and water your plants.
It’s fantastic. The only way to live.
Why would the rich live any way else?