North Harbor Drive

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

East Randolph Street, Chicago

New foreclosure 3 bedroom 2 bath at the Parkshore – 195 Harbor

February 6th, 2012 · No Comments · Uncategorized

I noticed that after a long time of being short sale, this combined unit 2607 and 08 is on the market for $724,900, this unit has around 2,200 square feet, with a large dine in kitchen, large living room, very large master bedroom and master bathroom. This unit is very well maintainted, although you might need to do some work as the upgrades are kind of out dated. The listing price includes 2 deeded parking spaces. The Parkshore is a full amenity building with a lot to offer, 24 hour doorman, onsite grocery store, gym and roof top pool. This building has very strong financials too.

Normally the 07 unit would sell for $220k and the 08 unit could sell for around $430k, plus $45k parking each, that means it worth around $740K, then you need to spend around $60k just to open the unit to combine it. Since there are not so many 3 bedroom units in the neighborhood, this might be sold pretty quickly.

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