North Harbor Drive

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

East Randolph Street, Chicago

Regatta – 420 E Waterside recent sold prices

September 30th, 2011 · No Comments · Uncategorized

Regatta, the 420 E Waterside is located at the Lakeshore East neighborhood and it is one of the new buildings built by Magellan in 2007. Within the last 12 months, there are 9 units closed, which are sold second hand by individule owners. They are studios, convertibles, one bedroom units, two bedroom units and three bedroom units, close price is between $195k and $1,262k. There are 2 foreclosures and one short sale units within the list, that means the depressed property percentage is 33.3%.

Recently, Regatta has passed a new rule of no new investors could rent out their units anymore, currently their rental ratio is around 43%. They would like to bring it down to 20%.

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