River View Condominiums

415 E. North Water and 445 E. North Water are also known as the River View Condominiums located behind the River East Art Center at the Chicago River and Lake Shore Drive. The “complex” features two separate towers which share the same common amenities along with luxury town homes at the base of the building. Personally, it is one of my favorite buildings in the city given the location, amenities and of course the views of the river. Even though it is located in Chicago’s Streeterville neighborhood which is can be very touristy, East North Water is slightly tucked away. I am always amazed at how quiet it is on East North Water.

415 and 445 East North Water Amenities:

The building can expect all the amenities a luxury high rise needs to have in Chicago such as a large fitness center, sundeck, indoor pool, 24hr door staff, and party room. Even though the buildings were built in 2001 and 2005 the amenities appear only a couple years old. The building is impeccably maintained.

Floor Plans

One of my favorite things about the floor plans in this building are their width. The developer and architect wanted to take advantage of the views whether it is the boat slip and city to the north or the river and the city to the south. Therefore the floor plans are elongated to run parallel with the Chicago River. Therefore your view and light abundance is really maximized.

What are condo prices in 415 E. North Water and 445 E. North Water?

Views will influence prices throughout the building. The prime view is the South View in this building as you get a view of the River. It is also important to note that there are several different floor plans and unit square footages within 1, 2, 3 and 4 bedroom tiers.

One Bedrooms typically sell in the upper $400’s to low $500’s depending on view. Two Bedrooms will sell in the very high $500’s on the very very low end, but you should plan on paying at least in the $600’s for a 2 Bedroom and upwards to over $800,000 depending on size and of course view. Three Bedrooms in the building will sell for over $1,100,000 up to $3,000,000 +. Again obviously view and of course square footage plays a role here. Smaller three beds start around 2200sf and larger ones upwards to 5200sf.

Town Homes at the base of the building

If you have ever walked along the river walk near Navy Pier or been on a boat down the river you have seen these beautiful red brick town homes that line the base of 415 and 445 East North Water. These town homes are large, 4000sf and larger and the sales price reflects this. Currently there is only one large corner unit on the market for 2.9mil. When the town homes were first sold here, however, sales prices started around 1.3/1.4 for the smaller town homes. These town homes get to enjoy all the amenities of the River View Condominium Building and have direct access from their garage. Each town home has a wonderful private roof deck as well which I think is one of the most appealing aspects of these units.

Finishes

With one of the towers built in 2001 some of the finishes can be dated. Think light oak trim, floors and cabinets. However, the real wood floors can easily be sanded down and the cabinets or appliances replaced if needed. The newer building built in 05 has some newer modern style finishes in the units but each unit will vary. Many unit owners have kept their units updated and have done upgrades since the building was built.

Paul Blackburn is an Illinios Licensed Realtor and Broker with @ Properties in Chicago. For further information regarding condos for sale at 415 or 445 East North Water please e-mail Paul at Paul@PKBlackburn.com  For general information about buying a condo in the Chicago marketplace please visit his informational website at www.BuyingInChicago.com