There was a Jumper at the 175 N Harbor Dr last week, this is so unfortuate to happen in our nice neighborhood. We still not sure about the reason behind it. He has jumped out from the windows on the north side of the building and landed on the drive way in front of a car, so lucky that the driver was not hurt in the car but she was so scared and has been taken to the Northwestern hospital. Only thing we know is a white male around 55 years old.
Maggie Daley Park constructi?on update
October 18th, 2012 · Uncategorized
Grant Park Advisory Council and Conservancy update:
There is some very good news.
Construction fencing is going up to secure the area for construction, this includes both Daley Bicentennial Plaza and Peanut Park to the east which runs to Lake Shore Drive, but not including the Cancer Survivors Garden. The fencing will take two more weeks to set up and then trees will be coming down in order to remove the soil to repair the East Monroe Garage roof and build Maggie Daley Park. This will involve the removal of 877 trees. The good news is that the new park will be much more interesting and innovative with much more of a nature focus than what is there now. Also, 1000 new trees will be planted so we will actually significantly gain trees. Additionally, 38 trees will remain at Peanut Park and those at the south end of Daley Bi, along Monroe in the Green at Grant Park, will also remain. Many of the trees at Daley Bi are at the end of their lives and there is very little diversity of species and the ash trees will be killed by the emerald ash borer anyway. Reclaimed wood from 160 trees will be used in the new children’s play area. Many of the crab apple trees are already dying and the honey locust, which is the predominant tree, is not that long-lived.
The new trees will be a much more diverse pallette of trees with more nature-friendly species. The species of new trees is being decided now and will help attract wildlife. What was first thought of as a total loss of many mature trees with the construction of the new park, will actually be very positive because so many of the existing trees are in poor shape, dying, diseased, or species that do not live long. All are going to be replaced with much better stock. The Chicago Park District is working diligently to make sure that the new park is not only very nature friendly but a world-class destination.
Much of the park will be funded by private sources.
Here is break down of the trees:
There are a total of 877 trees in the construction site including Peanut Park to the east where the existing Daley Bi soil will be stored.
336 are ornamental trees: currently crab apple trees and magnolia.
541 are shade trees: currently honey locust, white ash, elm, Norway maple.
160 of the mature trees will be reused in the new children’s play area.
256 honey locust are currently at Daley Bicentennial Plaza. This is not good in that there is little diversity.
1000 new trees will be planted in the new Maggie Daley Park.
38-40 trees will be saved at Peanut Park.
The trees at the small golf course on Monroe will be saved.
When Maggie Daley Park is complete near the end of 2014/beginning of 2015, there will hundreds of new trees planted, many beautiful amenities including a world-class children’s play area, vistas of Lake Michigan and an ice skating ribbon, meadows and natural areas. The new park will be a truly great honor to a wonderful person who made countless contributions to the cultural, park, and educational fabric of Chicago.
Finally, we encouraged the Chicago Park District to hire wildlife experts to help with the existing wildlife and they have done so.
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Foreclosure One Bedroom Plus Den at the 450 Waterside 1310 is Closed for $400K
October 18th, 2012 · Uncategorized
My client has just closed this one bedroom plus den at the Chandler, the 450 E Waterside unit 1310 for $400k with a garage parking included. This unit was in foreclosure and listed on the market on July 3rd, 2012 for $444,900, it has a price reduction to $424,900 on August 9th, after a few rounds of negociations, the two parties are set on $400k with a parking space included in the price, that is around 7% off the reduced price. This unit was sold for $517,986 in Sep 2007, therefore, the current sold price is 77% of the price 5 years ago.
Unit 1310 is facing north of the Navy Pier with around 1,100 square feet, it has permanant views to the Chicago River, the lake Michigan too!
Chandler is in the process of passing the new by laws to avoid new investors to purchase units in the building. Everyone currently bought units in the building will be grandfather protected, so there will be no effect with the current owners.
Chandler is located at the lakeshore east.
→ No CommentsTags: best priced one bedroom plus den at the 450 waterside·foreclosure one bedroom at the lakeshore east·foreclosure one bedroom plus den at the 450 waterside·foreclosure one bedroom plus den closed at the chandler·Navy Pier
3 bedroom 2 and half bathroom at the 195 Harbor unit 1403 – the Parkshore for rent
September 20th, 2012 · Uncategorized
This is a great remodeled 3 bedroom 2 and a half bath room with around 1,600 square feet. This unit faces east and south, with great views to the lake, the south shore line and the planetanium. Unit is featuring wood floor through out, new updated marble bath in all the the bathrooms, new and open granite kitchen.
The listing price for this unit is $4,000 per month with one self parking included in the price, rent also includes all amenities in the building, such as roof top pool, the gym, 24 hour doorman, grocery store onsite, basic cable. Tenant only needs to pay electric, additional cable and internet.
Parkshore is in the heart of Lakeshore East neighborhood, with the new lakeshore East park, the lake front, the grant park, the Millennium Park, the new Mariano store and all…
→ No CommentsTags: 195 n harbor·parkshore 3 bedroom for rent·updated 3 bedroom for rent at the parkshore
New 2 bedroom plus den at the Parkshore foreclosure listed for 330k with parking included
September 19th, 2012 · Uncategorized
I just noticed there is a foreclosure two bedroom plus den listed at the Parkshore for $330k with a self parking included, this price is really low, so I am expecting the price will be bid up over $370k to $390k.
I just closed unit 3606 for 475k, of course it is on a very high floor with all th entice upgrades in it. But this is a ver good investment property since it has the size, easy to be rented out for $2,600 to $2,800 per month.
The Parkshore is a full amenity building with everything to offer, roof top pool, gym, doorman, grocery storeon site, bike room, etc.
→ No CommentsTags: 195 harbor foreclosure 2 bedroom plus den·Cheapest 2 bedroom plus den at the parkshore·Parkshore 2 bedroom plus den
New foreclosue one bedroom plus den at the Chandler – 450 E Waterside
July 19th, 2012 · Uncategorized
I noticed unit 1310 is listed on the market on July 3rd, 2012, this is a one bedroom plus den unit with 1 and a half bathroom. This is a bank sale unit with parking spot #101 included in the listing price which is $444,900. I showed the unit yesterday to a potential buyer and thought that this unit needs lots of work, the wood floor looks damaged, unit is dirty and not so much upgrades. So I would expect the price to drop further without getting an offer at the moment.
This unit can be rented out for around $2,300 to $2,400 per month.
Chandler is in the process of passing the new rental rules, looks like they would like to keep a renal cap of 49% and grandfather in for the existing owners to be able to rent out their unit and let the new investors to sit for 2 years before renting out their unit. The board meeting is July 19th and they will pass a timeline for the cut off date to execute the new rental rules, that means we have three building in the new eastside has the rental cap, the Park Millennium (222 N Columbus), the Regatta (420 E waterside) and the Chandler (450 E waterside). This is because the lending rule is for buildings with owner occupancy of 65% for Fannie Mae and Freddie Mac.
→ No CommentsTags: 450 e waterside one bedroom foreclosure·new foreclosure at the 450 e waterside·one plus den foreclosure at the 450 waterside
Market data for 195 N Harbor Dr – the Parkshore for the last 6 months
June 16th, 2012 · Uncategorized
There are totally 6 units closed in the last 6 months at the 195 N Harbor Dr – the Parkshore, there are 1 one bedroom unit, 3 2 bedroom units and 2 three bedroom units, price is ranging between $212k and $795k, I was involved in three of the 6 units, I was the buyers’ representative for unit 3305 and unit 2607 and seller’s representative for unit 3508. There is only one unit 2607 is foreclosure, the closed price is $702,900 with two parking spaces included, it is around 1,991 square feet as per the listing sheet.
Currently there are 4 units pending, there are 3 two bedroom units and one three bedroom units. I am the seller representative for unit 3606.
Also, there are 7 active listings, their price is ranging between $499k and $945k. There are three two bedroom units and 4 three bedroom units.
From the above data, we could say that the Parkshore is really doing well as there was only one foreclosure unit in the last 6 months, the current active listing ratio is 1.5%. This is very healthy for a 20 year old building!
→ No CommentsTags: current active listings at the 195 harbor·last 6 months sold at the 195 harbor·pending units at the 195 harbor·three bedroom foreclosure at the 195 n harbor is closed·three bedroom foreclosure at the park shore is closed
Just closed two bedroom at the Parkshore – 195 N Harbor Dr.
June 14th, 2012 · Uncategorized
I have a client who has been looking around for a sometime and decided on the Parkshore, so as soon as I notice unit 3305 for sale at the Parkshore, they have decided to offer. Now they are so happy to enjoy their new home at the parkshore, nice new remodeled kitchen, new bathrooms with new carpet throughout the unit. This is a nice split 2 bedroom unit on a higher floor, so it has great south view to the lake, the harbor and the Grant Park.
The final purchase price is $415,000 which has include a valet parking space.
The Parkshore is a full amenity building with a lot to offer. Good reserve and very low renter ratios.
→ No CommentsTags: 000·two bedroom high floor at the 195 harbor dr has just closed·unit 3305 at the 195 N Harbor dr just closed for $415
3 bedroom condo at the Chandler just closed for $989,000
June 14th, 2012 · Uncategorized
I have a buyer who has closed the purchase of the 3 bedroom condo at the Chandler, the 450 E Waterside unit 1402 yesterday for $989,000. This unit has around 2,215 square feet, three bedroom, 2 and a half bathroom, lots of closet spaces in the unit, two balconies. The unit faces north, east and south, it has great view to the Chicago River, the lake and Navy Pier It also includes two deeded parking spaces, a right to use a storage unit as well. It has a designer kitchen which has lots of cabinets, separate eating area next to the kitchen.
The Chandler is a new building in the lakeshore east neighborhood, it was built in 2009, this is a full amenity building with an indoor roof top pool, sauna, gym, 24 hour doorman, party room, etc.
→ No CommentsTags: 450 waterside three bedroom just closed for $989k·very nice 3 bedroom at the chandler just sold
2 bedroom at the Parkshore, 195 N Harbor, nicely remodeled just rented out for $2,950 per month
June 14th, 2012 · Uncategorized
I had a listing of a 2 bedroom split unit, 1104 at the Parkshore was listed for rent right after the Memorial day weekend for $2,950 with valet parking included in the rent. We have got 9 showings within 4 days being listed and got 3 full price offers. This unit is around 1,200 square feet with all new kitchen, bathrooms and appliances. The unit is facing south east, so there is a lot of the view to the lake and the museum park, the columbus yacht club, the grant park etc.
The renters are only obligated to pay electriciy and internet. Also move in fee is $500 one time fee for the Parkshore with $250 each during move in and out for elevator reservation fees.
This again approves that if the unit is nice and open, it can be rented out very quick! This kind of unit used to be rented out for around $2,500 per month with parking included in the price.
→ No CommentsTags: 195 n harbor unit 1104·just rented two bedroom at the 195 n harbor·new remodeled two bedroom unit at the parkshore·nicely remodeled two bedroom unit at the 195 n harbor
