The Ledge Stone Walls Return in Lakeshore East: 340 E. Randolph
This 1-bedroom in 340 On the Park at 340 E. Randolph in Lakeshore East just came on the market, although it was on the market for one week in April of 2018.
If this unit seems familiar, it’s because we chattered about it 5 years ago, in November 2014.
See our chatter here (where we actually debated whether or not tourists go to Lakeshore East’s park. Lol.)
If you recall, it has some unique custom features including cinnamon bark ledge stone walls.
It also has arched stone accent doorways and 2 fireplaces.
The bedroom has the stone wall accents along with maple wood siding on the ceiling and wall.
The stone wall accents continue into the half bathroom.
The kitchen has the standard finishes for the building including Snaidero cabinets, quartz counter tops and stainless steel appliances.
It has the features buyers look for including central air, washer/dryer in the unit and heated garage parking is $50,000 extra.
This unit faces north towards Lakeshore East’s central park.
In May 2014, it was listed for $599,000. This time around it has listed for $520,000 plus the $50,000 parking or $570,000.
Was it smart to list this property during the winter, when it’s cold and snowy out?
Nicholas Colagiovanni at Baird & Warner again has the listing. See the pictures here.
Unit #406: 1 bedroom, 1.5 baths, 1081 square feet
- Sold in July 2007 for $354,000
- Looks like it also sold in August 2008 but no price is listed on the CCRD or on Zillow
- Originally listed in May 2014 for $599,000
- Reduced
- Was listed in November 2014 at $549,000 (parking was $60,000 extra)
- Was listed for a week in April 2018 at $599,000
- Withdrawn
- Re-listed in February 2019 for $520,000 (plus $50,000 for parking)
- Assessments are still $527 a month (but they were also $527 a month in 2014. No assessment increases in 5 years?) (includes gas, doorman, cable, pool, snow removal, Internet, exercise room, exterior maintenance and scavenger)
- Taxes are now $8931 (they were $7418 in 2014)
- Central Air
- Washer/Dryer in the unit
- 2 fireplaces
- Bedroom: 16×10
The bedroom looks like a sauna.
How far to the high speed lift?
what in the hell were these people thinking when they did this to this place? Its a modern Chicago condo not a fuckin ski chalet
George: What’s with the gloves?
Kramer: Well, I’m staining my floors and, y’know, I don’t want to get my
hands dirty…
George: What, the whole apartment?
Kramer: The whole apartment. And I’m buying that fake wood wallpaper. I’m
gonna surround myself in wood. It’s gonna be like a log cabin.
‘Cuz I *need* wood around me. Wood, Jerry [Snaps fingers]… Wood.
“Its a modern Chicago condo not a fuckin ski chalet”
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It’s a ski chalet in Chicago. Youse guys got a problem with that?
I like it OK. Living the apres ski dream apparently. Better than a lot of same old type properties we’re constantly seeing on here.
the wood ceilings are pretty weird but that can be fixed. You can’t fix 4th floor though. Not sure who the target demo is for 4th floor of a highrise.
The “target demo” for the lower floor of a hirise is someone who wants the location and “perks” of a tall building, but maybe is scared of heights, or doesn’t want the hassle of long elevator rides, or prefers low street-scene views to high panoramic views. Each to their own taste!
The target demo” is someone who never made it past the bunny slope.
“maybe is scared of heights, or doesn’t want the hassle of long elevator rides, or prefers low street-scene views to high panoramic views”
Or, more likely than any of those, wants the location and amenities for a substantial discount over the higher floors.
It’s cheaper for a reason, but some will be happy to accept the discount.
I love views but my wife doesn’t care at all. We looked once at a condo on the fifth floor of 2800 N. Lake Shore looking directly into the horrible “architecture” of St. Joseph’s Hospital and the roof of the 2800 garage, and she had no problem with it. (We didn’t buy). We ended up on the 24th floor of a nearby high rise with great lake views, which I never noticed her look out at a single time!
FINALLY closed! $425,000
sizzle lol
“FINALLY closed! $425,000”
So customized. Hard to find that one buyer. But every property eventually sells.
Thanks for the update David.
Looks like the 2008 purchase price was $420k, and included the parking space.
ouch.
“Looks like the 2008 purchase price was $420k, and included the parking space. ouch”
Why are you saying “ouch” anon(tfo)? That was the bubble years. You buy at the peak and it can take decades to get back to that price. In some cases, you may never get back to peak price. Yikes.
“Why are you saying “ouch” anon(tfo)? That was the bubble years. You buy at the peak and it can take decades to get back to that price. In some cases, you may never get back to peak price. Yikes.”
Because it sucks to buy a property and lose money over 14 years of ownership, especially selling into a HAWT Market ™