The LakeShore East Townhomes Are Now Available: 427 E. Benton
The townhomes at LakeShore East, such as this one at 427 E. Benton, were eagerly anticipated as an alternative to the high rise lifestyle of the development.
This 3-bedroom, 3-level townhouse has been on the market since September 2009.
At 3739 square feet, it has a private elevator and an 800 square foot rooftop terrace.
The townhouse has a “gourmet kitchen” with Miele and SubZero appliances.
2 of the 3 bedrooms are on the third level with the third bedroom on the second, where there is also a family room.
The listing says that the assessments include the Aqua amenities (which is located across the park from these townhouses.)
Will these townhouses be a popular alternative to high rise living in this neighborhood?
Magellan Realty has the listing. See the pictures here.
427 E. Benton Place: 3 bedrooms, 3.5 baths, 3739 square feet, 2 heated garage spaces
- Listed in September 2009 for $2 million
- Currently listed for $2 million
- Assessments of $994 a month (includes cable, parking, aqua amenities)
- Taxes are “new”
- Bedroom #1: 16×13 (third floor)
- Bedroom #2: 13×9 (second floor)
- Bedroom #3: 13×11 (third floor)
I’m sure they are very nice, but they have northern exposures and are in a setting reminiscent of a quarry. Won’t they be light deprived? Also, I’ve been to the tot-lot at Lakeshore East and the majority of the parents aren’t American and many don’t speak English as a first language. I don’t know who these people are, it’s hard to get a fix on it, maybe corporate transfers, ex-pats, newly arrived with no roots elsewhere in Chicagoland….who knows.
I would find a better central location to spend 2mil at in Chicago.
I had a friend who lived right in this area and although her place was really close to everything and there was a lot of greenery/parks right in front of her place, it just wasn’t that convenient if you were walking. It is kind of dead at night and just walking to some of the nicer restaurants/bars on Michigan Ave was a little depressing. It is nicer to be north of the river. Just for that reason I think the place is a bit overpriced. 1.5 million would be more appropriate.
if i wanted to live in LSE i would take my 2mil and buy something with a view.
if i wanted to buy in chicago my 2mil can be used for something more substantial.
and really if your spending 2mil on something with no view wouldnt you want a better interior to look at?
and really do you want to spend 2mil to live in LSE “the suburb on the lake”?
Why would you have bedrooms this small if you have 3700+ square feet??? One of them is 13×9! Are you kidding me? I’m surprised it only has three bedrooms to begin with and then to see that they are about 1/8 of the house (from a square footage perspective) is shocking to me.
$1000/month assessment on a townhouse seems kind of crazy. Not sure what common areas are being maintained & what portion of the bill goes to the townhomes vs. the high rise?
Access to the amenities of Aqua wouldn’t seem worth more than a couple hundred a month, and maintenance for two parking spaces that you’ve already paid for shouldn’t be that much ($25/month per space); Cable: maybe $50. Will they maintain the elevator inside your townhouse? (I’m fairly sure the answer is “no”)
So, are you helping pay for doormen & elevators for the highrise, or does it cost that much per unit for the park?
If I had 2 mill to spend you’d find me in Bermuda or the Caymans.
“Will these townhouses be a popular alternative to high rise living in this neighborhood?”
Answer seems to be: Not at $2 million.
walked by these again the other day. i think the comments on here already this morning pretty much sum it up.
too much competition at $2MM. no chance. and if $1,000/month is your assessment now…well, you can get good odds on those going up in the next 5 years too.
Aqua is in for some serious pain.
You really have to love townhome living for this to make sense at that price. SFH I could understand, but if you’re sharing walls might as well get a condo of similar size with an amazing view and all your sq footage on one level instead of broken up spastically like is usually the case with townhomes.
It’s like Chicago’s Rooseavelt Island
It’s like Chicago’s Rooseavelt Island – just wicked expensive.
It’s like Chicago’s version of Rooseavelt Island – just wicked expensive.
3 chances to get it spelled correctly and you struck out
http://www.magellandevelopment.com/bentonplaceparkhomes/floorplans/
there are no windows on the southern property/lot line, barely any on the sides, and the rest of the windows face north (the worst direction for natural light). The location of the staircase wrapping the elevator eats up useable square footage. I think these could be cavernous.
Wow. So ugly. So poorly laid out. So overpriced.
you’d don’t have to be an trained architect to see that this unit has very few windows!!
http://www.magellandevelopment.com/wp-content/uploads/2010/07/419.pdf
I agree with most of the comments. Is the parking underneath the homes or do you have your own private garage?
I like the area more now that they seemed to have quit trying to name it the “new” East Side. I guess the importance of the East Side in Chicago’s history was meaningless to the shills.
According to neweastside.org the name New East Side was used as early as 1980.
Coincidentally, that was the same year that Wisconsin Steel closed down.
I don’t think these go for more than $1M. Only an idiot would buy them for $2M.
too lazy to look but how much are the TH going for on the river with a river view?
woulndt that be the smarter alternative? and if you want aqua “amenities” do yourself a favor and just EBC and call it a day.
also any word on the “shopping” LSE (the burb in the city) has been trying to implement?
i heard Aldi’s pulled out
“i heard Aldi’s pulled out”
Roundy’s is the current sucke … prospective tenant.
Why would they even consider putting an “Aldi” there? If you want to keep it upscale, why not a Fox & Obel or Whole Foods?
They didn’t want the space. Not enough business right there
@anon (ufo) LOLOLOLOLOLOLOLOLOL and hahahahaahah and 🙂
“Why would they even consider putting an “Aldi” there? If you want to keep it upscale, why not a Fox & Obel or Whole Foods?”
clio,
sorry for miss leading info, it was a joke/jab at the fox and obel and other people pulling out or proposed other tenants there.
Yep, retailers always do a “radius analysis” for population figures. This location within a 1-mile radius would pick up the Loop, the Chicago River…..plus Grant Park and Lake Michigan. This is technically not a very densely populated area.
“They didn’t want the space. Not enough business right there”
“Yep, retailers always do a “radius analysis” for population figures”
I would love to see those numbers, and even that would tell the full truth of LSE as its like *85% in-towners and investors.
*random poll taken by me of the random voices in my head
I support Aldi’s Lakeshore East location! OMFG it would be hilarious to see those highrise d1psh1ts who care all about status in life burdened with an…ALDI! I would second groove in LMAOing quite a bit.
I’m no downtown highriser but even I gotsa Whole Foods in my hood. Bwahahah!
This development takes the prize as worst design multi-family project. Curiously Jeanne Gang received significant press attention for silly-looking Aqua tower. But these townhouses are a whole new category of unattractive, unmarketable, overly-ambitious development.
$535 psf – 408 days on the market? Hahahahah fail.
Hasn’t sold in a year? I know I know, keep the price the same, that’ll work!
“Curiously Jeanne Gang received significant press attention for silly-looking Aqua tower.”
I suspect Aqua will likely wind up being the River City of this generation. Those sorts of curved balconies I don’t think will age well.
Aqua: Those cheap, thin curved balconies are nothing special. The slabs are too thin. It’s just a typical modernist box, with the thin gimmicky concrete (painted white) slabs protruding from it. My father was a business exec during the mid-century modernist boom and he used to laugh because what was considered “architecture” was LOVED by CEOs because the modernist boxes were cheap to build!!, and the sucker elites loved them too…a win/win, I guess.
“I suspect Aqua will likely wind up being the River City of this generation. Those sorts of curved balconies I don’t think will age well.”
Aqua IS a cheaply-constructed high-rise tower; that balcony detail is an expensive special assessment “gift” to purchasers. There’s no thermal break between balcony and unit interior, storefront glazing system was used as curtainwall, and the railing looks like a 50s Niles ranch-house detail. Never has a poorly designed building been so hyped by architectural trade media.
Aqua’s been a poor seller; check out the floor plans too! Same developer did 340 high-rise, which sold well and looks great. Go figure.
Considering location w/ surrounding highrises and lackluster neighborhood, $900,000 for a townhouse. No way more than a million.
“Considering location w/ surrounding highrises and lackluster neighborhood, $900,000 for a townhouse. No way more than a million.”
The 2 parking spots have a market value of $100k +/-, so you’re saying barely $200psf for the building? And basically nothing (sub-$50k) for the location?