North Harbor Drive

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

East Randolph Street, Chicago

Two bedroom for rent at the Parkshore

December 14th, 2010 · No Comments · Uncategorized

I had a two bedroom for rent at the Parkshore – 195 N Harbor Dr unit 705, we have listed it on the market on Nov 19, 2010. This is split two bedroom unit with wood floor throughout the unit, while we were thinking about the listing price, there were 5 other two bedroom units on the market with the listing price from $2,100 to $2,800 per month, some of the units have parking spot included in the price and some of them have parking additional with the price. Since my client do want their unit out very fast, we have priced it for $2,100 with parking included in the price due to this unit is on a lower floor. We have rented out within 15 days for the people who came to the second showing. Our rental price is $2,050 including parking. My client is very happy since she does not need to deal with the showing any more, plus, the new tenant move in date is 1 day after they move out, their unit has been fully used other than sitting there empty.

That was just an example of how to price your unit for rent or for sale! Especially in the current market we need to be always know the market and price range in order to help our clients! I notice some of the rental units have been vacant for more than 6 months…

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