505 N. McClurg – The Park View Condos in Streeterville

The Parkview 505 N. McClurg

The Parkview located at 505 N. McClurg is in Streeterville. It is easy to spot as it is the only new building in Streeterville with yellow balconies. For those of you who still cannot place it, the Parkview is located across the street from Fox & Obel and just east of River East AMC Theaters. The building was built in 2008 so it is relatively new. 505 N. McClurg features One Bedrooms, Two Bedrooms, Three Bedrooms as well as a couple Penthouse units. It also features duplex “townhome style” units at the base of the building which over look the park that runs between Illinois and Grand streets.

What do condos sell for at The Parkview 505 N. McClurg?

One Bedrooms have recently been selling from the high $300’s (some of these short sales and foreclosures) on up. There are two different style One Bedrooms. The higher floor One Beds definitely achieve higher selling prices into the low to mid $400’s. One Bedroom units are great size, 921sf and larger.

Two Bedrooms have recently been selling from the very high $500’s to low/mid $600’s on up depending on the specific tier, floor height, etc. Two Bedroom condos at the Parkview are 1370sf or larger.

Three Bedroom condos have been selling from the low $700’s for very low floor units on up to the high $800’s. Three Bedrooms are 1803sf.

I’d like to add that while the square footages are not “huge” the architect made great use of the space. Therefore 921sf for a 1 Bedroom does feel much larger. There is very little wasted space in this building.

The Parkview 505 N. McClurg Amenities

The Parkview features 24hr door staff along with an on-site building manger, fitness center, outdoor pool, party room and theater room.

Other Building Details

The building has weathered the real estate crash of 08/09 fairly well in comparison to other buildings. Currently there are only a couple units available for sale in the building. Assessments are average for a new construction building and include all amenities plus heat/ac, water and basic cable. There is a total of 268units in the building.

Paul Blackburn is an Illinois licensed Realtor and Broker with @ Properties in Chicago. For more information about the Parkview (505 N. McClurg) or other buildings in the area please do not hesitate to contact Paul at Paul@PKBlackburn.com  For basic information about buying condos in Chicago you can visit Paul’s educational website www.BuyingInChicago.com

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