North Harbor Drive

Observations and insights into real estate happenings along N. Harbor Dr. in downtown Chicago


155 N Harbor – the Harbor Point last three months sold units

August 10th, 2010 · Uncategorized

In the last three months, there are 4 units sold at the 155 N Harbor Dr, the Harbor Point building. There are two one bedroomunits sold for $277,000 and $296,000, they are around 880 to 990 square feet. One one plus den unit sold for $362,000 and one two bedrooms unit with 1,300 square feet sold for $440,000. There is one unit pending which is a one plus den unit and one two bedrooms unit is under contract.

Right now there are 31 units for sale in the building, since the total units in the building is 742, that is around 4.2% of the units for sale, that is a quite high percentage compare to the Parkshore which is next door. I think the reason is being the building is getting old, so it is taking a little longer to turn over compare to the newer buildings, if  you price it right.

I like all the amenities in the building, they have very nice gym, great swimming pool, deep too:-) Basketball quart and baseball quart, lots of machines and free weights. party rooms, Internet room, sun deck… The thing I do not like about this building is the window does not open wide, so you could not get so much fresh air, I remember one night I went to visit a friend in the building a few years ago and I got my asthma so that I had to quickly leave and went home. Another thing is gym is in the basement, which does not have any lights. The assessment is a lot higher compare to the Parkshore. For a similar size unit, the monthly assessment difference would be around $400.

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Cheapest one plus den for rent at the Parkshore

July 28th, 2010 · Uncategorized

This one plus den unit has lots of upgrades, such as granite kitchen counters, wood floor in the living room, the dining room and the den, there are lots of built in shelves in the living room and the den area. The kitchen appliances are SS appliances. The bathrooms are marble baths.

The asking price is $2,000 per month which has include a valet parking space. This is the best deal in the building.

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8 E Randolph 2 bedrooms for rent showings

July 28th, 2010 · Uncategorized

I have a new rental listing on 8 E Randolph, which is a two bedrooms unit with more than 1,400 square feet, floor to ceiling windows, new granite counter tops, new marble bathrooms. Wood floor in the living and dining are. Open Kitchen. This unit is facing north east, have view to the Chicago river. It is furnished with Italian sofa, one large flat screen TV in the living room and one in the master bedroom. It has a king size bed in the master bedroom. Large side by side washer and dryer in unit.

8 E Randolph is also called the Joffery Tower, which is in the best location of the downtown area. Walking distance to the train station, Macy’s, the Chicago Theater district, the millennium park, block 37 and all.

The listing price of this fully furnished apartment will be $3,200 per month.

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Cheapest two plus den for rent at the ParkShore

July 8th, 2010 · Uncategorized

I have showed this unit last week, it is a two plus den with great views to the lake and Chicago River, the Navy Pier. The unit is furnished, but you could choose to rent with furniture or not with furniture. The price is the same. The asking price is $2,250 includes a parking space which is super low. So if you need a big place in the neighborhood, this is a great choice.

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Two bedrooms rental at the Aqua building

July 8th, 2010 · Uncategorized

I have been looking for two bedrooms rental for a client at the LakeShore East neighborhood. About a couple of months ago, we were visiting the Aqua building and being told that there were no two bedrooms for rent in the building.  Good news, just find out one two bedrooms came out for around $3,000 on the mid floor at the Aqua building.

If you have not visit the building before, I would like to take you for a tour. You will be amazed of what amenities they have, absolutely everything!!! Consider the amenities, the new construction, the location, the view and the size of the rooms, the rental price is not very bad!

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One plus den at the Parkshore is rented – unit 2709 at the 195 N Harbor

July 1st, 2010 · Uncategorized

So this rental did not take long, we have it listed on 6/2/2010. There were around 6 showings total, and we have got a contract yesterday with a one year lease. Since the move in date is 8/1/10, I am sure we did not get many showings because of this reason. But this again confirmed with the rental market in Chicago is strong, and hope this is a good sign for the whole housing market.

Another reason this unit has been rented fast is because it is on a high floor with open and nice views to the lake and Chicago River, the important reason also includes wood floor, fresh paint, professional clean.

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One plus den for rent at the Parkshore – unit 2709 at the 195 N Harbor Dr

June 15th, 2010 · Uncategorized

This one plus den has great views to the Navy Pier, the lake Michigan and the Chicago River, it has floor to ceiling windows in the unit.  The second bedroom is open up as a den, it is good to make it to a study room. Wood floor in the living room and the den. New carpet in the bedroom. There are two full bathrooms, lots of closet spaces, some built in closets in the master bedroom. The rent asking price has reduced to $2,300 per month including a self parking space.

The Parkshore is located at the new eastside, it is walking distance to all three parks, the millennium park, the grant park and new lakeshore east park. Walking distance to the lake front path. The Parkshore is a full amenity building, it has 24 hour doorman, grocery store on site, nice gym with beautiful view on the top floor, rooftop swimming pool, on site laundry facility etc.

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One bedroom foreclosure at the Lancaster – 201 Westshore

June 15th, 2010 · Uncategorized

I had a showing today at this one bedroom unit at the Lancaster – 201 Westshore, the unit is in great condition, only need some paint and clean up work. The asking price is $288,900 but it has a parking space included in the price. We have checked the sold prices in the last 12 months and found that 1006 sold for $255K with no parking space and unit 1302 sold for $270K with a parking space. So that means this price is not really attractive as being a foreclosure unit. But as per the listing agent, they have got an oral offer for the unit. That means the real estate market is going up!

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Showings of one bedroom for sale at the 222 Columbus and the Regatta

June 10th, 2010 · Uncategorized

I had some showings of the one bedroom units at the 222 Columbus, the Park Millennium, some of the units are very well maintained and it has good views to the new Lakeshore east park and the terrace above the Aqua building, it also has views to the bean in the millennium park. The one plus den unit has around 800 square feet, with open granite kitchen, marble entry and wood floor in the living room, the price is around $250K, this is a great price if you would consider to live in the city in a newer building. The building is connected to the pedway.

Also, I went to the management office to check if the new buyers could rent their place out and we are confirmed that there is no rule to hold you off the rental. So this will be a good opportunity for investors.

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Two bedrooms plus den at the Parkshore is rented

June 10th, 2010 · Uncategorized

I had a two bedrooms plus den at the Parkshore, unit 508 at 195 N Harbor Dr. listed for $2,400 with a self parking space, this unit has wood floor, very nice view to the lake Michigan, the Navy Pier and the Chicago river. The kitchen is all upgraded with high class appliances. The bedrooms are all upgraded too with marble and steam shower. The unit was rented after one showing, someone has found me from this website and asked me if I would have an 08 unit for rent, the day before the listing is going up on the MLS. What a magical! I am so glad that everything went very smoothly for all three of us! This can be called a perfect transaction!

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