Rentals in Trump Tower Chicago – 401 N. Wabash Inventory Update

Here is your rental update with regard to Rentals at 401 N. Wabash, Trump Tower Residences, in Chicago. For those of you not familiar with the building, all rentals available are condos that are individually owned. Trump Tower in Chicago is broken up into two “sections” one being the hotel and the other being condominium residences. Trump Tower Chicago features an indoor pool, full health club and space, 24hr concierge, doorstaff, security, available room service, private and valet parking…the list goes on.

Studios: Studios start on the low end at $2,200 but many rent in the $2,400 / $2,700 range. The square footage of studio units range from 580 to 745sf.

One Bedrooms: There are two “style” One Bedrooms in the building. Standard 1 Bedrooms range from 928sf up to 1071sf. Larger One Bedrooms range from 1314sf to over 1400sf. The smaller One Bedrooms typically rent from $3,200 on the low side up to $4,000 depending on square footage, floor height and time of year. The larger One Bedrooms can rent from $4,500/mo to well over $5,000/mo depending on the view. Some of the larger One Bedrooms face the IBM building so these units will of course rent at a cheaper price.

Two Bedrooms: Currently the cheapest Two Bedroom on the market is listed at $6,500 and is an “F” unit which on lower floors faces the IBM building. Two Bedrooms can rent for as high as $10,000/$11,000 per month. These are larger Two Bedrooms, however, with South and East views. Most Two Bedrooms range from just over 1,800sf to over 2,700sf. There are some smaller “C” tiered units on lower floors which are 1500sf.

Three Bedrooms: Currently there are only two 3 Bedrooms on the market priced at $11,000 and $12,000 per month. Some have rented for north of $14,000/mo.

 

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

TRUMP TOWER CHICAGO RENTALS – PRICES KEEP RISING

Trump Tower in Chicago, at 401 N. Wabash, continues to see rent prices on the rise. Prices are up well over 20% compared with the low rents prices the building saw in 2009. Right now One Bedrooms rent from $3,400 to $4,000 with larger deluxe 1 bedroom units renting for over $5,000. Two Bedroom units will start around $7,500 for a lesser view unit to over $9,000 for units with a great view.

If you’re looking to rent in Trump opportunities still exist but residences do rent quickly. Increasing rent prices and increasing demand for rentals has also helped boost sales for the building. While many buyers purchase in Trump to occupy the unit the increased rent prices gives them a comfortable safety net if they choose not to use the unit for personal unit in the future.

The most notable unit to recently rent in the building would be 88A which was on the market for months. 88A, a 6,400sf penthouse unit leased for $25,000/mo.

 

PAUL BLACKBURN IS A LICENSED ILLINOIS REALTOR AND BROKER WITH @ PROPERTIES IN CHICAGO. HE CAN BE REACHED VIA E-MAIL AT PAUL@PKBLACKBURN.COM

TRUMP TOWER CHICAGO RENTALS – CONDOS FOR RENT AT 401 N. WABASH

Here is a complete list of available condos for rent in Trump Hotel & Tower Chicago located at 401 N. Wabash

 

STUDIOS

Unit 39F  –  $2,500

ONE BEDROOMS

Unit 70B  –  $3,400

Unit 42E  –  $3,400

Unit 49J  –  $5,500 (1475sf)

Unit 53G  –  $5,950 (1419sf)

TWO BEDROOMS

Unit 46H  –  $7,100

Unit 60F  –  $7,800

THREE BEDROOMS

Unit 78A  –  $11,500

Unit 74A  –  $14,000

Unit 88A  –  $22,000 (6,400sf)

 

Paul Blackburn is an Illinois licensed Realtor and Associate Broker with @ Properties in Chicago. He can be reached 24/7 via e-mail at Paul@PKBlackburn.com whether you have questions or you would like to view any property.

 

TRUMP TOWER RESIDENCES CHICAGO RENTALS

Several years ago Trump Tower in Chicago had problems. Many owners were afraid of what the economy might bring and many “flippers” who truly couldn’t afford Trump were stuck holding the bag. We saw many fire sales as well as many units up for rent which drastically reduced rent prices and increased market times for rental units. Over the past 2 years however, things have changed in Trump. Rent prices have shot up and inventory has become scarce. Recently we have seen more units on the market in the building than we have in a while but this is mainly due to the time of year as the rental market starts to slow down. With all this being said, here is your update of what is available in Trump Tower Chicago at 401 N. Wabash.

STUDIOS

74C  (713sf)   $2,700/mo

ONE BEDROOM / ONE AND A HALF BATHS

42B (1071sf)  $3,400/mo

37L River Views (1048sf)  $3,750/mo

68F (1071sf) South Facing $3,900/mo

TWO BEDROOM / TWO AND A HALF BATHS

41F (2073sf) Faces IBM Building  $5,000/mo

63D (2022sf) $5,400/mo

31K (2100sf) South East Views $7,500/mo

69G (2,000sf) South East Views $7,800/mo
TWO BEDROOMS / THREE BATHS

48G  (2,754sf) $6,950/mo

THREE BEDROOMS / THREE AND A HALF BATHS

60A (3080sf) $8,900/mo

73A (3,080sf) $11,000/mo

86D                 $13,000/mo

THREE BEDROOMS / FIVE AND A HALF BATHS

88A (6,400sf) $25,000/mo

 

AS ALWAYS FOR ANY RENTAL OR SALES OPPORTUNITIES IN TRUMP PLEASE DO NOT HESITATE TO CONTACT ME.

PAUL BLACKBURN – REALTOR

ASSOCIATE BROKER

@ PROPERTIES

PAUL@PKBLACKBURN.COM