From the WSJ Real Estate Archives

Condos in the Windy City
With Lower Asking Prices

by Sheree R. Curry
From The Wall Street Journal Online
October 21, 2005

Downtown Chicago has 67,000-plus condo units, with some new ones fetching up to $850 per square foot, reports Appraisal Research Counselors. Here are three for less than half that.

  • 226 N. Clinton
  • 714 S. Dearborn
  • 360 W. Illinois

PLACE/PRICE: 226 N. Clinton / $359,000

PROPERTY TAX*/ASSOC. FEES: $4,300 per year / $4,416 per year

THE PROPERTY: 2 bedrooms, 1 1/2 baths in 1,100 square feet in the Fulton-River District

DESCRIPTION: This fifth-floor corner unit with 14-foot ceilings and 10-foot-high windows has exposed brick and timber. A granite and wood fireplace sits in the family room, which leads to a balcony.

NOTABLE: Clinton Street Lofts, with 176 units, is two blocks from the Chicago River and has a dry cleaner, workout facility, three elevators and a courtyard. Deeded parking is available and there is an in-unit laundry.

Note: *Current owner's payment

Sources: appraisalresearch.com, michaelstonegroup.com, 714sdearborn-5.com, jameson.com

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