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
Here is an update for mid April 2012 of 655 W. Irving Park, Park Place Tower of what is available for rent and some of the better “for sale” deals currently on the market.
CONDOS FOR RENT AT PARK PLACE TOWER, 655 W. IRVING PARK
#5209 – $1,225
#706 – $1,450
#3012 – $1,450
#5315 – $1,600
#2614 – $1,600
#3413 – $1,600
#3210 – $2,500
#5117 – $3,600
CONDOS FOR SALE AT PARK PLACE TOWER, 655 W. IRVING PARK
Two of the best units currently available are units #1417 and #904.
#1417 is a Large One Bedroom priced at $135,000 and #904 is a small 2 Bedroom (One bed converted to a 2 Bed) priced at $137,900. Both include parking.
As far as TRUE Two Bedrooms in the building are concerned the best deal is still currently #4710 priced at $225,000 Including Parking.
Paul Blackburn is a licensed Illinois Realtor and Associate Broker with @ Properties. He can be reached anytime via e-mail at Paul@PKBlackburn.com
Park Place Tower – 655 W. Irving Park. Contrary to popular belief people actually do own in the building! It was converted to condos not too long ago, however, many unit owners rent out their units. Typically there are a plethora of units available, though they do move quickly. At this current time there are 6 units active on the market in 655 W. Irving Park, also known as Park Place Tower in Lakeview. Here is the complete list!
ONE BEDROOMS AT 655 W. IRVING PARK – PARK PLACE TOWER
Unit 5211: $1,350
Unit 3514: $1,500
TWO BEDROOMS AT 655 W. IRVING PARK – PARK PLACE TOWER
Unit 3302: $2,300
Unit 3001: $2,600
Unit 4801: $2,600
THREE BEDROOMS AT 655 W. IRVING PARK – PARK PLACE TOWER
Unit 5117: $3,750
All renters of course have full access to all building amenities such as: Outdoor Pool, Outdoor Grill Area, Sundeck, Party Room, Fitness Center, Garage Parking (Additional Fee) and 24hr Door Staff + Cleaners & Grocery Store in the building!
For additional information about any units at 655 Irving Park, Park Place Tower, or to schedule a showing please feel free to contact me Paul@PKBlackburn.com
Paul Blackburn is an Illinois licensed Realtor and broker with @ Properties Chicago.
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
Since the real estate market started to crash so too did the property values in 655 W. Irving Park, also known as Park Place Tower. Plagued with high assessments, high rental/owner ratio and owners falling behind in payments on their mortgage and assessments; the building was in bad shape. What did the building have going for it? Great location and great amenities and now FHA Approval.
Over the past 4 months we’ve seen a great deal of activity. A total of 12 units have closed with another 11 going under contract. While a large majority are short sales and foreclosures it does give hope to the building as not only are investors buying in, but owner occupants as well.
The hot rental market is also helping the building too, but hurting tenants as the average rent price in the building has increased from $1409/mo to $1598/mo year over year; a total increase of 12.8%.