North Harbor Drive

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

East Randolph Street, Chicago

New two bedroom plus den listing at Parkshore – 195 N Harbor Dr unit 3606

March 16th, 2012 · Uncategorized

This is a beautiful designer unit at the Parkshore, one self parking spot is included in the listing price of $560k, there is another self parking spot of $55k available for sale.

New electrical outlets & switches through out, outlet in front closet for dust buster, flashlight etc, kitchen has all new appliances & light-fixture, convection & microwave so you can bake or you can microwave, slate in entry and kitchen, silestone on  kitchen counters will not scratch, mark and you can put hot things on, all closets are custom, bathroom are painted by a professional artist, custom bookshelf in den, designer light-fixtures through out condo, second bathroom is granite and lights on dimmer, dining room light on dimmer, den light has a dimmer and master bathroom light has a dimmer, master bath is limestone, limestone shower in master has a rain head, custom mirrors in both bathrooms for storage,  life time guarantee if you break  the glass shelves for bathroom cabinets, built in and lockable jewelry box.  Owner has a three year GE service contract that is transferrable on dishwashers, washer, & refrigerator.  Extra limestone tiles, granite tiles, kitchen back splash tiles, and extra slate tiles.  custom draperies  and shades through out.

Please check out pictures at: http://tours.vht.com/Viewer/PhotoGallery.aspx?ListingID=50801025&Style=API

Check the listing details at http://www.helpfulchicagorealtor.com/chicago/advanced-search.

 

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North Harbro Tower current available units

February 27th, 2012 · Uncategorized

 Here are the current available rental units at the North Harbor Tower, please contact Kristine Frost at 312 933 1894 for details:

Apartment Square Feet View Rent Price Available Move In Date
Studio#1107

2 Walkin Closets

 

 505 East Harbor w/Navy Pier 

 

 $1365 

 

 March 6, 2012 

 
Convertible#0604

DOG FLOOR

 

 530 

 

 North Navy Pier $1415 

 

 April 1, 2012
One Bedroom#1001 DOG FLOOR

#2101

#1808

 755755

766

 

 

 West City ViewWest City View

East Harbor View

 

 

 $1580$1635

$1675

 

 April 1, 2012March 26, 2012

April 6, 2012

 

 
Two Bedroom#211 NEW RENOVATION

#813 NEW RENOVATION

#1713

#2513

 11001100

1100

1100

 

 

 Southeast CornerSouthwest Corner

Southwest Corner

Southwest Corner

 

 

 $2630$2725

$2415

$2455

 

 

 March 20, 2012NOW

NOW

NOW

 

 
Three Bedroom#4306 NEW RENOVATION

 1800 

 

 Southeast Corner $3660 

 

 March 20,2012 

 

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Always ask your renter to buy renters’ policy

February 27th, 2012 · Uncategorized

Since I have been helping a lot of rental clients, just want to strenthen here that always ask your renters to buy renters’ insurance. Although I understand that the owner’s policy cover the renter’s liabilities, but still when there is a claim, then the claim assesser might decide either the owner’s insurance to cover it or the renter’s insurance to cover the lost. Therefore, always have a renter’s insurance and ask them to have at least $300k liability coverage to avoid unnessecary huge cost in the future. This should be around $130 per year for the tenant, so it is not a big amount, but the owner will get great relief from it!

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New rental proposed policy at the Chandeler, 450 E Waterside

February 21st, 2012 · Uncategorized

I just heard from an owner who has rented her place out at the Chandler – the 450 E Waterside building, that the association has sent out fliers about they are trying to asking the owners to vote for a new rental policy. Since the current rental rate is around 45% at the Chandler, the association is trying to get the percentage down to 25%, they are proposing that all investors should do a lottery which will decide on who can keep on renting out their unit, if any investor wins the lottery, then they are allowed to keep on renting their unit out for the next 3 years, then they should do the lottery again. For all the currently rented units, they would allow for the lease to terminate on the expiration date of the lease.

As far as I am aware of there are two owners who own around 50 units in the builing. I would think that most of the investors would not vote for this to happen. The association would need at least 67% of the vote from the owners to pass the new rule. Therefore, since it is only 55% owner occupied, this should be tough, although the association has put mid June as the deadline for the vote, I would not expect this to happen unless they change their current proposal to something like grandfather’s rule of renting out the units.

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New three bedroom three bathroom for rent at the 1250 s Michigan – south loop

February 10th, 2012 · Uncategorized

I just had a new listing, three bedroom, three bathroom with wrap around balcony at the 1250 S Michigan, for $3,200 per month plus $200 additional for parking. This building was built in 2005, it has work out room, roof deck and outdoor pool. This unit has around 2,250 square feet, with all wood floor through out, it is the best priced 3 bedroom 3 bathroom in the south loop area. The building is located right on Michigan and Roosevelt, so it has easy assess to everything. Trader Joe’s is just around the building.

 

Please visit my new website at the http://www.helpfulchicagorealtor.com/ for a complete listing of properties for rent and for sale!

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

February 6th, 2012 · 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.

Please check out more properties on my new website: http://helpfulchicagorealtor.com/chicago/advanced-search

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Showing 2 bedroom for sale at the Regatta, 420 E Waterside

January 31st, 2012 · Uncategorized

I have showed the lowest priced two bedroom, 2 bathroom unit at the Regatta – 420 E Waterside yesterday, this is a split two bedroom two bathroom, have a granite kitchen, marble baths, nice size balcony with views to the new lakeshore east park and the lake. Unit has wood floor in the kitchen and living room. Lots of closet spaces. The listing price is $399k with no parking spaces, this is really a good price for this building.

Regatta is a full amenity building built in 2007, party room, 24 hour doorman, dry clean nice gym and indoor pool. Home owner purchase only as there is a new rule just passed out this summer that no new investors allowed to rent out their unit until the renter ratio go below 20% which is around 43% currently.

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155 N Harbor Dr, Harbor Point building last 12 months sold history

January 17th, 2012 · Uncategorized

This building caught my eyes as I noticed there are currently 10 units under contract, most of them happened within the last few weeks. This should be a sign that people are coming to the market again!

There were totally 22 units closed within the last 12 months, this is a big increase compare to a year ago which was 15 units closed, that means there is a 47% increase for units closed in 2011 compare to 2010.

Harbor Point was built in 1973 and it was one of the original buildings in the new eastside which includes the laskshore east neighborhood. As we all know that more buyers prefer the newer buildings than the older buildings, so this increase is a great sign to show that the market is started to coming back…

Currently there are 10 units listed for sale, compare to the total units in the building of 742 units, it is just 1.3%.  The listing prices are from $249k to $800K inlcuding studio, one bedroom units, two bedroom units and three bedroom units.

Harbor Point also has rental units, there are two rental units are currently available for rent.

Harbor Point is a full amenity building which has 24 hour doorman, grocery store onsite, nice and large gym, indoor deep swimming pool, party rooms, sun deck etc. Harbor Point allows small pets, under 25lbs and each unit can have no more than 2 pets.

 

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450 E Waterside unit 1806 is rented for $2,000 per month

January 8th, 2012 · Uncategorized

I have helped my client rented out 450 E Waterside unit 1806 for $2,000 per month with no parking spaces included in the rental price. This unit with wood floor in the living floor, marble bath, nice white kitchen, balcony, view to the south with great lake views! The unit is very bright with the natural light, in unit washer and dryer. The Chandler is a full amenty building with everything to offer, from 24 hour doorman to party room, gym and indoor swimming pool, sun deck, dry clean services etc.

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5 N Wabash 1102 for rent, Large one plus den furnished for rent

December 21st, 2011 · Uncategorized

This unit is a nice remodeled unit located at the 5 N Wabash. The unit is around 1,140 square feet with a nice open kitchen, wood floor in the living room and the den, nice and large marble bathroom, big master room with a large walk in closet. Location is the key, this unit is located right in downtown. Rent is $1,995 including basic cable and all the nice furniture! This unit will be available on Jan 1, 2012.

Please find out more detailed info on: http://www.helpfulchicagorealtor.com/chicago/property-types/rental

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