North Harbor Drive

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

East Randolph Street, Chicago

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

August 10th, 2010 · No Comments · 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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