Rentals in Lake Shore East – Chandler, Regatta, Lancaster, Aqua!

As summer is drawing to a close the rental market should start heating up as September and October are hot rental months. Rentals in the Lake Shore East neighborhood are abundant if you’re looking for a two bedroom especially in 420 E. Waterside (The Regatta) or 450 E. Waterside (The Chandler). Below is a list of pricing for the newest condo buildings in Lake Shore East. Keep in mind that each condo is individually owned so prices will vary depending on unit owner and of course the size and view of the unit.

The Regatta  420 E. Waterside

One Bedrooms in The Regatta for Rent: Currently there are only two 1 Bedroom units on the market priced at $2,100 and $2,500. The more expensive unit is a 1 bed + den

Two Bedrooms in The Regatta for Rent: There are a handful of 2 Bedroom units on the market priced between $2,950 and $4,950. Big price range! What makes them different? The cheapest unit is the smallest 2 Bed in the building at only 1182 square feet and is on a lower floor. The most expensive two bedroom is just under 1500sf but is fully furnished. For those of you wanting something in the middle there are plenty in the mid to high $3,000’s available.
The Chandler  450 E. Waterside

One Bedrooms in The Chandler for Rent: Only one available at $1,950 and it is already under application! One Beds however typically run from $2,000/mo to $2,600 in the building depending on size and view.

Two Bedrooms in The Chandler for Rent: There are two currently on the market at $3,000 and $3,800/mo and then a penthouse 2 Bedroom, fully furnished available for $6,000/mo.

The Lancaster   201 N. Westshore

One Bedrooms in The Lancaster for Rent: None currently available. Pricing will range from $1,800/mo for the smallest 1 beds up to $2,400 or so for the larger units.

Two Bedrooms in The Lancaster for Rent: None currently available. Pricing will range from right around $2,800/$3,000mo on up depending on size and view. Keep in mind there is a 1 Bedroom w/ den floorplan that many times agents will call a “2 Bedroom.” These will typically be priced around $2,500.

Three Bedrooms in The Lancaster for Rent: There is currently one available at $4,500/mo. This unit has a view of the park and has a very functional floorplan.

The Aqua  225 N. Columbus

One Bedrooms in The Aqua for Rent: There are a total of four 1 Bedrooms available in the condo portion of the Aqua. Two of them are priced low in the $2,500 to $3,000 range. The other two are more expensive as they are larger. The cheaper ones are 740 to 881sf respectively while the more expensive units are just over 1200sf. The larger one beds are priced for rent at $4,200 to $4,400 range with the more expensive unit coming fully furnished.

Two Bedrooms in The Aqua for Rent: There is only one 2 Bedroom on the market at the current time. This two bedroom is quite small in my opinion as it is a 2 Bed / 2 Bath and is only 1200sf (at least small for the price). It is listed at $4,200/mo.

 

Items of Note: All of the above buildings have basic cable, internet, gas, heat, and a/c included in the assessment that the owner pays which means it is included in the rent. You just pay electricity. All the buildings have pools, fitness centers, 24hr doorstaff, etc with the exception of the Lancaster which has all these things but no pool.

 

Paul Blackburn is a licensed Illinois Realtor & Associate Broker with @ Properties in Chicago. He can always be reached via e-mail at Paul@PKBlackburn.com with any questions or to learn more about rental availability in Lake Shore East or other parts of the city.

Lake Shore East – What has recently Sold in the Chandler, Regatta, Lancaster & 340 On the Park

Amidst all the rentals hitting the market and quickly getting snapped up in Lake Shore East are some great sales that have happened over the past couple of months. For those of you who are not familiar with Lake Shore East or the “New East Side” as some call it; it is the area on the south side of the river where the river meets Lake Shore Drive. The new buildings are comprised of 225 N Columbus, The Aqua; 340 E. Randolph, 340 On the Park; 420 E. Waterside, The Regatta; 450 E. Waterside, The Chandler; and 201 N. Westshore, The Lancaster.

In the past 2 months 14 condos have sold in these buildings. Here are some of the most notable:

The Chandler: Unit 2101 sold in the Chandler for $405,000. This included the parking space. The 01′ tier at this level in the building faces North which is the preferred view from this building as you see Navy Pier, the River and the city. 2101 is a 1 Bed / 1.1 Bath and is considered a “Jumbo” One Bedroom for the building at 961 square feet. According to my research the previous owner paid $497,000 in 2007.

The Lancaster: Unit 2102 sold for $546,000 including a parking space. It is a 3 Bedroom / 2 Bathroom unit however the 3rd bedroom is more “den like” given its location off the living room and its size. The unit faces South East which gives it great lake views at the current time. However, there is currently an empty lot between the Lancaster and LSD which will eventually be built on. Some have asked if it will be built on soon given the building craze of rental buildings. I don’t believe so. This is prime Lake Shore Drive property and the developer would rather use it for condos than a rental building. At least that is my opinion.

340 On the Park: 340 saw a couple notable sales the other month. Unit 2101 sold for $1,600,000 including parking of course. The unit is 2368sf and the 01′ tier at this level has both North East and South East views.

Another notable in 340 On the Park is penthouse unit 5702 which sold for $2,600,000 which appears to have included 3 parking spaces. Total square footage on this unit is 2748 and it is a Three Bed, Three and a Half bath. This unit faces South East and has extra tall ceilings because it is on a “penthouse” floor.

Paul Blackburn is a Licensed Illinois Realtor and Broker with @ Properties in Chicago. He can always be reached via e-mail at Paul@PKBlackburn.com

LAKE SHORE EAST RENTAL UPDATE – Chandler, Regatta, Lancaster, Aqua, 340

Here is your monthly update for rentals available in Lake Shore East “New East Side!”

THE LANCASTER – 201 N. WESTSHORE

TWO BEDROOMS:

Unit 1807:  $3,000

THREE BEDROOMS:

Unit 2301:  $3,950

THE AQUA – 225 N. COLUMBUS

STUDIOS:

Unit 5402: $1,850

THREE BEDROOMS

Unit 7901: $5,600

Unit 7005: $7,500

Unit 6505:  $7,500

340 ON THE PARK – 340 E. RANDOLPH

THREE BEDROOMS:

Unit 4601:  $7,450

Unit 4603:  $9,500

THE REGATTA – 420 E. WATERSIDE

ONE BEDROOMS:

Unit 1202:  $2,000

Unit 411:   $2,200

TWO BEDROOMS:

Unit 703:   $2,500

Unit 2703:  $2,500

Unit 903:   $2,550

THREE BEDROOMS:

Unit 2714:  $4,200

Unit 2414:  $4,500

Unit 3614:  $4,800

Unit 3501: $5,500

Unit 3201:  $6,500

Unit 3910:  $10,000

THE CHANDLER 450 E. WATERSIDE

STUDIOS:

Unit 807:  $1,400

For additional information about condos for lease or for sale in Lake Shore East please e-mail me at Paul@PKBlackburn.com

Paul Blackburn is a licensed Illinois Realtor and Broker with @ Properties Chicago.

LAKE SHORE EAST RENTAL UPDATE – CONDOS FOR RENT IN REGATTA, CHANDLER, LANCASTER, 340

Here is an updated list of units on the market for rent in Lake Shore East in The Regatta, The Chandler, The Lancaster and 340 On the Park!

 

420 E. WATERSIDE – THE REGATTA

ONE BEDROOMS

Unit 1202: $2,000

Unit 507: $2,000

TWO BEDROOMS

Unit 1903: $2,500

Unit 703: $2,500

Unit 2612: $3,150

Unit 1612: $3,800

THREE BEDROOMS

Unit 2314: $4,100

Unit 2714: $4,500

Unit 2414: $4,500

Unit 3614: $4,800

Unit 3501: $,5800

Unit 3201: $6,500

Unit 3910: $10,000

450 E. WATERSIDE – THE CHANDLER

ONE BEDROOMS

Unit 1405: $2,000

THREE BEDROOMS

Unit 2902: $5,800

340 E. RANDOLPH – 340 ON THE PARK

THREE BEDROOMS

Unit 4601: $7,450

 

Right now there is nothing available in The Lancaster, 201 N. Westshore

 

Paul Blackburn is an Illinois Licensed Realtor and Associate Broker with @ Properties. He can be reached via e-mail at Paul@PKBlackburn.com

LAKE SHORE EAST UPDATED – RECENT CLOSINGS IN REGATTA, CHANDLER, LANCSTER, 340

With the 2011 at a close lets talk about the recent closings in Lake Shore East over the past month when we saw good activity in all newer buildings in the area: The Chandler, The Regatta, The Lancaster and 340 On the Park.

Best Deal in Lake Shore East:

While I have a few favorites over recent months what I believe is the BEST Deal to close was at 420 E. Waterside “The Regatta.” The unit was 3010, listed as a ONE BEDROOM with TWO AND A HALF BATHS. You’re thinking…what? The Unit closed for $405,000 without parking. This unit was originally a 2 Bedroom / 2.1 Bath unit that was converted to a 1 Bedroom. The total square footage of the unit is 1365sf meaning unit 3010 sold for only $296/ft….a true steal for a unit with a North West View in The Regatta.

My next favorite deal to sell in Lake Shore East was at 201 N. Westshore “The Lancaster” and was unit 1502. This unit appeared to sell with 2 Parking spaces and is a Three Bedroom Two Bath. Sales price WITH PARKING $569,500.

LIST OF RECENT CLOSINGS & PENDINGS IN LAKE SHORE EAST

ONE BEDROOMS:

420 E. Waterside (The Regatta) Unit  504: $199,900 – PENDING SHORT SALE. My assumption the price will close out HIGHER.

450 E. Waterside (The Chandler) Unit 1806: $320,000 – CLOSED

420 E. Waterside (The Regatta) Unit 3010:  $405,000 – CLOSED

340 E. Randolph (On the Park) Unit 2406: $500,000 – PENDING

TWO BEDROOMS

201 N. Westshore (The Lancaster) Unit 2208: $459,000 – PENDING

420 E. Waterside (The Regatta) Unit 1401: $537,500 – CLOSED

420 E. Waterside (The Regatta) Unit 508: $599,000 CLOSED

420 E. Waterside (The Regatta) Unit 2610: $642,500 – CLOSED

420 E. Waterside (The Regatta) Unit 3412: $730,000 – CLOSED

450 E. Waterside (The Chandler) Unit 2409: $780,000 – CLOSED

340 E. Randolph (340 On the Park) Unit 2104: $800,000 – PENDING

340 E. Randolph (340 On the Park) Unit 3104: $862,500 – CLOSED

THREE BEDROOMS

201 N. Westshore (The Lancaster) Unit 1502: $569,500 – CLOSED

420 E. Waterside (The Regatta) Unit 4114: $815,000 – CLOSED

201 N. Westshore (The Lancaster) Unit 2906: $1,145,000 – CLOSED

340 E. Randolph (340 On the Park) Unit 2405: $1,795,000 – PENDING

340 E. Randolph (340 On the Park) Unit 4101: $1,899,000 – PENDING

 

 

Paul Blackburn is a Licensed Illinois Realtor & Associate Broker with @ Properties. He can be reached at Paul@PKBlackburn.com

LAKE SHORE EAST RENTALS – UPDATED INVENTORY LIST

Lake Shore East, one of my favorite areas of the city, is comprised of a handful of buildings. The newer and most desirable, however, are: “The Chandler” 450 E. Waterside, “The Regatta” 420 E. Waterside, “The Lancaster” 201 N. Westshore, “340 On the Park” 340 E. Randolph and “The Aqua” at 225 N. Columbus. Unit inventory has changed dramatically over the past few months. With the exception of The Aqua the majority of units on the market in these Lake Shore East buildings are larger 3 Bedroom units. Here is an up to date list of what is available. I have only included the buildings mentioned above and as it pertains to The Aqua I have only included “Condo Units available for Rent” and not any units from the ‘rental’ portion of the building.

THE AQUA  – 225 N. Columbus

One Bedrooms

#6909    $2,000

#6409    $2,061

#7109    $2,061

#6609    $2,061

#5311     $2,200

#5511    $2,220

#6107    $2,643

#6303    $3,528

Three Bedrooms

#7901      $5,600

 

THE CHANDLER – 450 E. Waterside

One Bedrooms

#409    $2,200

#303    $2,600

Two Bedrooms

#1311     $3,200

Three Bedrooms

#2902    $5,800

#3009   $6,250

#2002    $6,500

 

THE REGATTA –  420 E. Waterside

One Bedrooms

#1112     $1,795

#702      $2,000

#411       $2,200

#3002    $2,200

Two Bedrooms

#1612     $3,800

Three Bedrooms

#2314      $4,150

#2714      $4,200

#3910     $10,000

 

340 ON THE PARK – 340 E. Randolph

One Bedrooms

#1906     $2,975

#1405     $3,100

Three Bedrooms

#2906    $6,300

#4601     $7,450

#4403     $7,500

 

 

Paul Blackburn is a licensed Realtor & Associate Broker with @ Properties. To contact Paul regarding this post, to obtain more information about the units above or for any general questions please e-mail: Paul@PKBlackburn.com or visit http://www.PKBlackburn.com