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.

WHAT BUILDINGS ARE IN LAKE SHORE EAST?

Lake Shore East, also known as the New East Side is located on the south side of the River at Lake Shore Drive. This neighborhood used to be home to a 9 hole golf course / driving range many years ago. Now the neighborhood has been completely transformed but I’ve noticed many of my clients who are interested in the area and not overly familiar with the new buildings that exist in the neighborhood. Here is an explanation of the newer buildings recently completed in the area along with detailed descriptions of each so you can figure out which building may be right for you.

THE REGATTA      420 E. WATERSIDE

420 E. Waterside

The Regatta, located at 420 E. Waterside was completed in 2007. It is located on East Waterside which is the street that appears to be one with Wacker Drive…the street seems to drop off before Lake Shore Drive. It is south of Wacker and runs parallel with Wacker. The Regatta is a full amenity building with the following amenities: 24hr Door Person, Fitness Center, Sundeck, Party Room, Lounge and Media Room. 

Just like the other new buildings in Lake Shore East your assessments covers everything including Internet and Basic Cable. All you pay is electric. The most prized view in the building is facing North which gives you a view of the River, Navy Pier and the City (looking West, viewing Trump Tower, Wrigley Building, etc.).

I would consider this the most economical of the new buildings as it has a variety of floor plans. In the building are studios, convertibles, smaller 1 Bedrooms as well as smaller 2 Bedrooms. If you’re in the area on a budget and want newer construction this is the best building to focus on.

The Regatta also has a more intimate feel than others in the area, despite the fact it has a whopping 321 units. The intimate feel comes from standard ceiling height in the lobby and a square design for the building itself which allow the hallways to feel more intimate.

THE CHANDLER      450 E. WATERSIDE

450 E. Waterside

The Chandler is directly to the east of The Regatta, located at 450 E. Waterside this building is the furthest east building of the newer buildings in Lake Shore East. Its glass windows that curve the corner of Lake Shore Drive and the River definitely help the building stand out as a premier building. The chandler was finished in 2008 and is slightly newer and more expensive than the Regatta.

The Chandler is also a full amenity building and features: 24hr Door Person, Party Room / Lounge, Sun Deck (Roof), Pool, Fitness Center and Media Room. Just like its sister buildings the Chandler has all inclusive assessments which the exception of electricity.

The Chandler has a more modern feeling than the Regatta with soaring ceilings in the lobby and a long elevator bank (all elevators on one side versus a square design where 2 elevators are across from 2 elevators in the Regatta). Therefore in the Chandler you have a less intimate feel and a feeling of modern grand. Overall, the Chandler is more expensive than the Regatta mainly because it does not have as many of the smaller square footage units as the Regatta does. We also saw higher upgrades throughout in the Chandler (think Snaidero Cabinetry) whereas only a limited number of owners upgraded to Snaidero in the Regatta.

THE LANCASTER      201 N. WESTSHORE

201 N. Westshore

The Lancaster is located at 201 N. Westshore which is a small street at the base of Lake Shore East Park. This building literally sits 6 stories lower than Waterside street. The Lancaster is the first of the newer construction buildings being built in 2004. It is also the smallest at only 207 total units (Regatta has 321 and Chandler has 304). The building, however, does not feature a pool but does have an expansive fitness center, party room and amazing sundeck as well as 24hr door staff. The largest attraction of the building is the fact that it sits on the park itself. Many people like being able to walk right out their front door into green space.

The most prized views in this building are actually the west views. Some might think the East views would garnish a higher selling price, however, the east views are not protected. The Lancaster does not sit on Lake Shore Drive and the developer, Magellan, owns the land between 201 N. Westshore and Lake Shore Drive. Originally 4 buildings were planned for that land, however, the crash in the market has halted these plans for the time being. The land, however, will most definitely be built on in their future. While the east facing units will not face complete view obstruction it will definitely be hindered and the “dead on” lake view that they currently have will be no longer.

The Lancaster has very functional floor plans. When you walk into a unit in the Lancaster you are doing just that, walking into the unit, versus walking into a hallway area that eats up square footage.

340 ON THE PARK – 340 E. RANDOLPH

340 E. Randolph

340 On the Park, located at 340 E. Randolph is the premier building in Lake Shore East, at least in my opinion. The quality and the ambiance blows The Aqua out of the water. The location in the area is prime offering spectacular south views (you’re catching not only Millennium Park, but the lake and the city as well). The north views catch Lake Shore East park in their line of site as well as the lake if you are on a high enough floor.

The size of the units in 340 are large. One bedrooms are in excess of 1100sf and 2 bedrooms are in excess of 1400/1500sf. The finishes are high end (think wolf, subzero, snaidero, etc) and the building is LEED certified. The building features all the amenities you would expect including: 24hr door staff, indoor pool, party room, lounge, fitness center, and winter garden. I find most of the floorplans to be extremely functional in the building. Have you caught on yet that this is my favorite? It is not only my favorite, but the favorite of a lot of people hence the higher pricing. One Bedrooms are starting on the low end in the $500’s and two bedrooms will garnish a sales price of at least $700/750+.

One of the nice things about the location of 340 E. Randolph, outside of the views, is its location directly on Randolph which cuts down in your walking time for a couple of minutes. Now a couple of minutes doesn’t seem like much but when you’re walking home from work in 10 degree weather with 30mph winds off the lake, a couple minutes means a great deal.

THE AQUA     225 N. COLUMBUS

225 N. Columbus

The Aqua, located at 225 N. Columbus cannot be missed. The exterior styling of the building is incredible and each unit is a little different whether it is the floor plan or the balcony. The building is comprised of three parts: Hotel, Apartments and Condos. The condos make up the upper floors of the building and therefore take advantage of the best views. The building features both indoor and outdoor pools, along with running tracks, fitness center, game room, lounge…the list goes on. Basically you name it, it has it!

The other benefit of living in a building with a hotel is the ability to walk down to the hotel bar or restaurant without leaving the complex. Also in the building is a new CVS.

The wavy balconies in the building are cool, I will give it that, but the size of some of them are too narrow to use. The other aspect of the balconies I do not like is the fact that you can view other peoples’ living rooms from your balcony (your neighbors) and vice versa. The finishes in the building are higher end (snaidero cabinetry, upgraded wood flooring, quartz countertops, etc). however they are not as luxurious as 340 E. Randolph.

Some people may be concerned about living in a building with a rental portion and a hotel portion. The hotel does have its own entrance and the rental portion does have its own bank of elevators on the other side of the lobby. Condo owners will enjoy the privacy of their own elevator bank and secured access.

The Aqua has a wide range of floorplans from studios to junior one bedrooms to large 3 bedroom units. This allows for multiple price points in the building starting as low as $300,000 for a studio.

Paul Blackburn is a licensed Illinois Realtor and Associate Broker with @ Properties in Chicago. He can be reached via e-mail at Paul@PKBlackburn.com   To learn more about buying condos in Chicago please visit www.BuyingInChicago.com

LAKE SHORE EAST RENTALS – The Chandler, The Regatta, The Lancaster, 340 On the Park

Lake Shore East Rentals are always in high demand but as the rental season is heating up units are being rented just as quickly as they’re coming on the market. Here is a full list of Rental Prices and Rental Inventory available in the following buildings in Lake Shore East: The Regatta, The Chandler, The Lancaster, 340 On the Park, The Aqua, The Buckingham

420 E. Waterside, The Regatta – Condos For Rent

JR. ONE BEDROOMS

#612 – $1,850

TWO BEDROOMS

#1103 – $2,800

#801 – $3,400

#3110 – $3,500

#3812 – $4,000

THREE BEDROOMS

#3910 – $12,500 (Furnished)

450 E. Water – The Chandler – Condos for Rent

ONE BEDROOMS

#1504 – $2,100

#2506 – $2,100

ONE BEDROOM + DEN

#910 – $2,500

#806 – $2,600

TWO BEDROOMS

#401 – $3,100

#2211 – $3,850

THREE BEDROOMS

#3009 – $6,250

201 N. Westshore – The Lancaster – Condos for Rent

ONE BEDROOMS

#2603 – $2,000

TWO BEDROOMS

#1007 – $3,300

THREE BEDROOMS

#2602 – $3,600

225 N. Columbus – The Aqua – Condos For Rent

STUDIO

#5604 – $2,075

340 E. Randolph – 340 On the Park – Condos for Rent

THREE BEDROOMS

#4601 – $7,450

360 E. Randolph – The Buckingham – Condos for Rent

ONE BEDROOMS

#3105 – $2,150

#3506 – $2,200

TWO BEDROOMS

#305 – $3,800
PAUL BLACKBURN IS A LICENSED ILLINOIS REALTOR AND ASSOCIATE BROKER WITH @ PROPERTIES. HE CAN ALWAYS BE REACHED VIA E-MAIL: 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 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