North Harbor Drive

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

East Randolph Street, Chicago

Three bedroom foreclosure unit at the 420 E Waterside is under contract

September 23rd, 2011 · No Comments · Uncategorized

There is a three bedroom unit, unit 4114 at the 420 E Waterside listed for $757,350 with two deeded parking spots included on Sep 1st, 2011. I showed to a client and the inside looks new and not been used before, the view is pretty from all rooms, since it is on a high floor, it cleared the views of Chandler overlooking the lake, you do see the air conditioner on top of the Chandler though in the bedroom, but from the living room and other bedroom, you have perfect views to the Navy Pier and the lake. This is a three bedroom and three bathroom unit with around 1,887 square feet.

This unit went under contract on Sep 19th. We need to wait about 30-45 days to find out the closing price for this unit. Currently there are no new investors are allowed to rent out their new purchases in this building. That means you can live there or use as a second home but you can’t purchase and rent it out any more. Since the building has a 43% renter ratio and it will allow new renters when the ratio going down below the 20% range.

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