Lake Shore East Condos, particularly new construction, have been selling quickly. The Chandler at 450 E. Waterside, The Regatta at 420 E. Waterside, The Lancaster at 201 N. Westshore, 340 On the Park at 340 E. Randolph and The Aqua at 225 N. Columbus have low inventory; at least low “Prime” inventory. What has sold in Lake Shore East recently?
The Lancaster: 1203 recently went under contract in just three days! It is a 1 Bed / 1 Bathroom but faces West. The west views in the Lancaster are the prime views as those who face east will eventually have their view obstructed with a new development. 1203 went under contract when the list price was $349,000 + 40k for parking.
340 On the Park: Another great deal in the area was at 340 E. Randolph when 2406 sold (after 2 weeks on the market) for $530,000. 2406 is a north facing, corner 1 Bedroom unit with 1244sf. It appears to have sold without parking for this price.
The Regatta: A combo unit recently sold, unit 1011 having just over 1500sf. The unit had great views facing north and also slightly east. The unit sold after 45 days on the market and closed for $692,000.
A penthouse unit also recently sold. Unit 4301 sold for $1,340,000 and took just around 4 months to sell. This unit had an oversized terrace as well as a balcony off the master bedroom.
The Chandler: A foreclosure in the Chandler, 450 E. waterside, sold for $801,101. It was unit 402 which is a 3 Bedroom / 2.1 Bath facing North which gives you views of the River, skyline, Navy Pier, Lake Shore Drive, etc. This unit did sell with parking and actually sold for over list price. The original list price was $789,000. The unit had an offer within a week.
Paul Blackburn is an Illinois licensed Broker & Realtor with @ Properties in Chicago. He can always be reached via e-mail at Paul@PKBlackburn.com