North Harbor Drive

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

East Randolph Street, Chicago

Short sale two bedroom at the Parkshore just closed

April 3rd, 2011 · No Comments · Uncategorized

I noticed the short sale two bedroom unit facing north at the Parkshore – 195 N Harbor Dr. has just closed for $383K with a valet parking included in the price. I have showed this unit to a few of my clients, it is a very nice, clean and move in condition unit. There is a regular sale of a similar unit on a lower floor for $414,500, the inside of these two units are similar, so the price difference between a regular sale and a short sale is 8% which is even less than 10 %, that means the Parkshore building is very strong and even for people to get a bargain of the short sale, the price difference is not that substantial. There was another bigger two bedroom unit sold for $415K with parking included which I think is a great deal.
The Parkshore is a full amenity building with grocery store on site, 24 hour doorman and maintenance staff, gym with nice view, roof top pool, sun deck, grill and tennis court. The Parkshore is located at the new east side neighborhood, next to three parks, the lakeshore dr, the Navy Pier and the Michigan Ave.

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