Here is an update of what is going on in one of Chicago’s most iconic buildings….The John Hancock – 175 E. Delaware.
Right now there are only a few rentals on the market.
Unit 5609: Priced at $2,500/mo
Unit 5002: Priced at $3,400/mo
Unit 4803: Priced at $3,150/mo
Unit 8002: Priced at $3,190/mo
Unit 7308: Priced at $3,900/mo
Over the summer there was some trouble brewing in the Hancock regarding a possible “Rental Cap.” The discussions were so heated that many people refused to speak to each other when seeing them in the elevator! As of right now I do not believe the rental cap was passed.
RECENT SALES IN THE JOHN HANCOCK
Unit 4905, studio sold for $185,000
Unit 5706, Studio sold for $235,000
Unit 5518, One Bedroom sold for $285,000 (Foreclosure)
Unit 6602, Three Bedroom sold for $500,000
Paul Blackburn a licensed Illinois Realtor & Broker with @ Properties in Chicago, IL. To contact him regarding units for rent or for sale whether in the John Hancock or other buildings please e-mail him at Paul@PKBlackburn.com