Tag Archives: Condos for rent in Lake Shore East

Standard

Posted by

Posted on

April 25, 2013

Posted under

Buying, Lake Shore East

Comments

Leave a comment

Lake Shore East Condos – The New East Side Update!

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

Advertisement
Standard

Posted by

Posted on

September 5, 2012

Posted under

Lake Shore East, Leasing

Comments

Leave a comment

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.