Park Place Tower located at 655 W. Irving Park Rd continues to be one of the most popular condo buildings in Lakeview that tenants want to rent in. Here is an updated list (Today is July 17th, 2012) of units on the market for rent.
#307 priced at $1,350/mo
1007 priced at $1,500/mo
1608 priced at $1,575/mo
2416 priced at $1,600/mo
1813 priced at $1,800/mo
2401 priced at $2,400/mo
For those not familiar with the building, Park Place Tower (655 W. Irving Park) features an outdoor pool, sun deck, outdoor basketball court, lounge area, grill area, fitness center, party room, 24hr door staff, on-site dry cleaners, convenience store and much more!
Paul Blackburn is an Illinois licensed Realtor & Broker with @ Properties. For more information about Park Place Tower or any other building in the area, whether for lease or for sale please e-mail Paul@PKBlackburn.com
Park Place Tower located at 655 W. Irving Park is full of short sales and foreclosures. However over recent months buyers have been flocking to the building and supply has finally started to drop to healthier levels! This does not mean that prices are going back up, but it does mean that if priced right those who need to sell in the building can do so quickly.
Currently there are 19 units on the market priced between $105,000 and $399,000.
There are also 27 units UNDER CONTRACT! Many of these are short sales which may take a while to close, but we will soon start to see these units close out in the MLS.
10 Units have sold in the past 3 months in the building. Two 1 Bedroom units sold for $180,000 and $191,450. In addition to these sales a 1 Bedroom converted to a 2 Bed (only 849sf) sold for $214,000. While these prices are down from the highs of 2007, they are “healthier” prices than we saw in 2010 and 2011 in the building.
Paul Blackburn is a licensed Illinois Realtor and Broker with @ Properties Chicago. He can be reached anytime via e-mail at Paul@PKBlackburn.com
655 Irving Park has seen a few sales over the past couple months and a handful of rentals on the market as well. Here is a list of condos that have closed in the past 2 Months, just before the New Year in 655 W. Irving Park, also known as Park Place Tower in Lakeview.
ONE BEDROOM / ONE BATHROOM UNIT 3514 $116,000
ONE BEDROOM / ONE BATHROOM UNIT 5506 $130,000
ONE BEDROOM / ONE BATHROOM UNIT 3016 $200,000
TWO BEDROOM / TWO BATHROOM UNIT 2810 $255,000
THREE BEDROOM / TWO BATHROOM UNIT 5116-17 $262,000
Several other units have gone under contract. Once these units close I will post the exact pricing. The most surprising unit to close was unit 3016 at $200,000. One of the highest priced One Bedrooms to sell in the building. The unit is a corner unit, DID NOT SELL WITH PARKING but was also not a short sale or foreclosure. The unit is highly upgraded and in excellent condition.
CURRENT UNITS AVAILABLE FOR RENT AT 655 W. IRVING PARK – PARK PLACE TOWER IN LAKEVIEW
Unit 4115 $1,400
Unit 2508 $1,400
Unit 3614 $1,450
Unit 4004 $1,700
Unit 710 $1,750
Unit 3001 $2,600
Unit 4801 $2,600
Unit 5117 $3,750
Paul Blackburn is an Illinois Licensed Realtor and Associate Broker with @ Properties. For any additional information on Park Place Tower please feel free to contact him at anytime via e-mail at Paul@PKBlackburn.com