Condo rental views from 340 on the Park, Lakeshore East

 

40th floor balcony views at 340 on the Park in Lakeshore East, downtown Chicago (all photos Eric Rojas, Broker, Kale Realty)

It's hard to place a value on great views... unless you are at 340 on the Park in Lakeshore East! 

Our clients viewed a rental condo unit at 340 on the Park, 340 East Randolph Chicago IL 60601  at Lakeshore East last week... and caught the only peek of sunshine all week! The views and location are spectacular. Rents for a condo unit in the building over the last 12 months have ranged from $3,300/ month to $16,500/ month.

25th floor amenity deck views from 340 on the Park.

Amenity deck views of Millennium Park and Michigan Avenue skyline

Motivation Monday! I would even get on the elliptical for these Lake Michigan views.

Downtown condo rentals (owned by an individual in a 100% condo building that is allowed to be leased to a tenant) are often desirable to high-end renters.  They seek a more predictable condo association environment of longer term owners and less turn-over of neighbors. There are certainly well run 100% rental buildings with great amenities. However, anecdotally speaking, the building will be more transient with constant move-in and out tenants. High-end condo renters may also choose to negotiate and communicate with the condo owner/ landlord rather than a large rental office management company. 

To purchase, sell or rent condos in downtown/ Loop locations please contact us for our recommendations and resources. 

Eric Rojas, Broker

Kale Realty

2447 N Ashland, Chicago IL 60614

773-510-1597

erojas@kalerealty.com

Under Contract: Loop condo at The Heritage sells quickly (Eric Rojas, Broker, Kale Realty)

The kitchen at 130 N Garland, Unit 3502, Chicago IL 60602. Listed at $729,900 and currently under contract. Exclusively listed by Eric Rojas, Broker, Kale Realty. All photos VHT.com and Eric Rojas

Under Contract! This condo has gone under contract quickly but we are familiar with current for sale units and private listings in this building and other nearby Loop buildings.

Open, large living room faces west with great city views!

Sunset views from the unit balcony and all windows.

Bright and sophisticated describes this spacious three bedroom, two bath home in The Heritage at Millennium Park. Take the 3D Tour and view photos, floor plan of 130 N Garland, Unit 3502, Chicago IL 60602 Listing details HERE

Renovated kitchen in 2018-2019.

The entry foyer with ample hanging space and coat closet invites you into Unit 3502. Custom white kitchen renovation featuring Quartz countertops, Bosch appliances, gas cooking range, and true exhaust hood to the exterior. All hardwood floors throughout adorn the open floor plan. Amazing southwest and west city views from expansive windows on the quiet side of the building. Take in spectacular world class architecture and sunsets every day! Walk-out  balcony from the living room large enough for comfortable chairs and grill.

Master bedroom with walk-in closet and second organized closet.

Large 2nd bedroom with amazing views.

Fully gut renovated master bathroom.

Split bedroom floor-plan. Extremely private primary suite, organized walk-in closet, 2nd closet and king size space offers luxury sleeping accommodations. Show stopper CUSTOM PRIMARY EN-SUITE BATHROOM has been completely transformed. Double-vanity and sinks, separate expanded shower, air jet tub with overhead shower, gorgeous tile and towel warming rack transports you to a lavish European destination. The condo's north wing features generous 2nd and 3rd bedrooms outfitted with organized closets and huge windows with fantastic city views. The second bath provides a large vanity, walk-in shower, two oversized storage closets and full size in-unit washer and dryer.

Enjoy phenomenal luxury building amenities and features including: an executive lounge/fully equipped party room with fireplace, INDOOR POOL, expansive fitness room, two outdoor terraces, A+ 24hr door staff and prime location in downtown’s premier building. 

Screened windows in each room - Large private storage cage - Bike storage rooms - Dog run - Close access to all CTA Lines including direct Pedway access to Blue, Red and South Shore Lines - Pedway access to central Loop, Illinois Center, and Lake Shore East - Multiple short-term parking spots in front of building for drop-off/pick-ups - PARKING GARAGE WITH SPACES AVAILABLE FOR RENT OR PURCHASE (offered from private owners, inquire with me).  Contact below:

Exclusively listed by

Eric Rojas, Broker

Kale Realty

2447 N Ashland, Chicago IL 60614

773-510-1597

erojas@kalerealty.com

Two-flat to four-flat sales in Logan Square (small multi-unit)

 

Two, three and four flat buildings line West Wrightwood Avenue in Logan Square (all photos Eric Rojas, Broker, Kale Realty)

A client of ours recently inquired about Logan Square two-flat. He's looking at it purely as an investment. A good number of multi-units still sold in 2023 despite the increase in mortgage interest rates.  One could argue in this time of inflation, higher mortgage interests rates and low inventory there will be more demand for apartments. A live-in owner can get a better location and expect high demand for their extra apartments.

In 2023, 86 two-flat units closed for a median price of $585,000. 28 three-flats sold with a median price of $667,000 and 16 four-flats sold with a median price of $1,040,000.

A total of 166 small multi-unit buildings (two-four units) sold in 2019
A total of 158 small multi-unit buildings (two-four units) sold in 2020
A total of 249 small multi-unit buildings (two-four units) sold in 2021
A total of 191 small multi-unit buildings (two-four units) sold in 2022
A total of 130 small multi-unit buildings (two-four units) sold in 2023

The stock of  small muti-unit buildings in Logan Square (two, three and four flats) continues to provide ownership options for Chicago home buyers and investors. Multi-unit properties can provide a lower entry purchase price and more flexibility than single family homes. Live in one unit and rent the other units. Live in and possibly run a vacation rental in another unit. Eventually move out after several years and rent the whole building. Add another unit if zoning or the recent ADU ordinance allow. 

There have been recent legislative initiatives to preserve small multi-unit buildings in parts of Logan Square. These ordinances act to stabilize multi-unit stock and ultimately put a small check on rising list prices. If looking for a bustling neighborhood with public transportation options a Logan Square multi-unit may fit the bill. 

Eric Rojas, Broker, Kale Realty

ericrojasbog.com - erojas@kalerealty.com

Looking for Chicago Loop condo rentals

Gray views this morning from the 43rd floor at the The Heritage, 130 N Garland, Chicago 

Nothing a double shot can't solve! Despite April snow flurries Bob is in the Chicago Loop this morning looking at three bedrooms condo rentals with our clients. The median price of a three bedrooms condo rented in the Loop is $5,900 a month! (Stats over 12 months for 59 closed three bedrooms units in MREDLLC.com)

Nothing better than a double espresso to get you going in the Loop

Our sellers are under contract on their sale and want to stay downtown for another year... but they prefer renting from a condo owner rather than a 100% rental building. Gloomy views from the 43rd floor are better than no views!

Taking a look at a condo rental in Aqua, at Lake Shore East. We have no problem waiting in these gorgeous lobbies!

 

Condo sales at 130 N Garland Court, The Heritage at Millennium Park

130 N Garland Court, Chicago IL 60602 is a 57 story luxury high-rise building featuring indoor pool, lounge, sky deck, 24hr doorman, valet, cleaners and more! 

We visited our clients last week at 130 N Garland, The Heritage, in Chicago's Loop.  We've been helping them prepare their three bedroom, two bath condo for sale this spring. The full amenity luxury building is steps from The Chicago Cultural Center, Millennium Park, The Art Institute of Chicago and a million other downtown events!

The median price for a three bedroom condo at the the Heritage over the last 12 months is about $910,000.

- 24 condos have sold over the past 12 months at 130 N Garland.  The median price for a closed condo is $750,000.  

- The lowest price was $350,000 for Unit 1804 featuring one bed, one and half bath but no parking included. 

- The highest priced sold unit over the last 12 months is Unit 55B for $1,890,000.  The penthouse duplex unit is approximately 4300 sq/ft.

The Chicago Cultural Center is at the doorstep of 130 N Garland!

To purchase Pre-MLS and other available downtown condos please contact 

Eric Rojas, Broker, Kale Realty - erojas@kalerealty.com - ericrojasblog.com 

NEW for sale! Evanston two beds Co-op apartment with renovated kitchen $149,900

 

1585 Ridge, Unit 310, Evanston IL, 60201 offers spacious living in a top notch location at only $149,900. This impeccably run co-op building is steps from fantastic shops and the Davis Metra and Purple Line. All photos Eric Rojas, Broker, Kale Realty.

 TAKE THE 3D TOUR HERE

Bright east facing unit with morning sun and city views.

NEW! 1585 Ridge in Evanston may be the best value in Chicagoland. Attractive, well run building. Unit 310 is a spacious two bedroom, one bath apartment in downtown Evanston. Steps to Metra (0.3 miles)  and Davis Purple Line (0.4 miles). You will not find a more pleasant unit in peaceful surroundings at this price point. Live for less in beautiful Evanston near the lake! 

Great option for empty nesters, professionals, families with students at Northwestern and surrounding universities - anyone looking for outstanding quality of life for the lowest possible entry price in the area!

Details and building information 1585 Ridge, Unit 310, Evanston IL 60201 asking $149,900

Unit 310 features include: two bedrooms, one bath, lots of east light, hardwood floors, newer replacement windows, large rooms, renovated kitchen, dishwasher, updated bath, built-in AC units, separate storage unit. 

Well run building includes: Lobby- Laundry room -Bike Storage - Elevator - Common patio - Newer roof - Recent tuck point - Amazing live-in building engineer - Updated electrical service - No Pets - No Rentals - Board interview upon purchase - Financing options available at 20% and more down - Parking available in nearby city garages.

Monthly Assessment of $620.18 includes: Real Estate Taxes, Heat, Water, Electric, Building management, Snow removal, Common insurance, Landscaping

To purchase or inquire on more units available in Evanston and Chicago contact: 

Eric Rojas, Broker, Kale Realty

2447 N Ashland, Chicago IL 60614

Office 312-602-3367

erojas@kalerealty.com

For sale! PRE - MLS! Ravenswood/ Andersonville, 1733 W Winnemac #3, one bed, one bath $239,900

 

Popular well cared for building in the Ravenswood / Andersonville neighborhoods. All photos Eric Rojas, Broker, Kale Realty

New For Sale!  Not yet on MLS! This attractive TOP FLOOR  Ravenswood/ Andersonville one bedroom, one bath home with private back deck for sale $239,900.  This is a off MLS, pocket listing opportunity. Contact Eric direct erojas@kalerealty.com.

Fantastic Ravenswood/ Andersonville location close to the Ravenswood Metra station, Mariano's, L.A. Fitness and just steps to the famous Andersonville shopping and restaurant district. You like beer? Half-Acre, Spiteful,  Hop Leaf and more close by! Relax in Winnemac Park...Chicago Reader's Best Park 2016! Pet friendly building with weight limit.

*ALL PHOTOS OF UNIT #1 we sold in 2018. Unit 3 is TOP FLOOR exact same layout.*

* Pre-approval or proof of funds required for showings.  This is pocket listing/ off MLS opportunity. Need a pre-approval with a great lender? Ask me for a lender referral! erojas@kalerealty.com *

Large living room with bay window sitting area. Photo is of Unit #1 with same layout as Unit 3.

Great flow from living room to true dining room. Photo is of Unit #1 with same layout as Unit 3.

Large dining room, great light! Photo is of Unit #1 with same layout as Unit 3.

More Property Info!
1733 West Winnemac Unit 3, Chicago IL 60640 asking $239,900
TOP FLOOR - One bedroom, one bathroom - Private deck - In-unit washer and dryer - Central AC and Heat - True dining room- Large private storage in basement - Awesome common courtyard - Newer windows - Roof within 6yrs - Pet friendly building (weight limit) - Building allows rentals - Assessment $291.00/ month

Fully equipped kitchen with dishwasher, granite counters and maple cabinets. Kitchen leads out to great deck. (Unit 3 similar finish level)

Private deck and just steps down to the common courtyard.. Great for parties... I know because I have partied here! (Unit 3 is top floor with top floor deck)

Awesome seating areas in the large common courtyard.

Bedroom photo is of Unit #1 with same layout as Unit 3.

Bathroom (Unit 3 similar finish level)

Washer/ Dryer IN UNIT!!

Iconic Andersonville!

*ALL PHOTOS OF UNIT #1 we sold in 2018. Unit 3 is TOP FLOOR exact same layout.*

* Pre-approval or proof of funds required for showings.  This is pocket listing/ off MLS opportunity. Need a pre-approval with a great lender? Ask me for a referral. erojas@kalerealty.com *

Exclusively listed by

Eric Rojas, Broker

Kale Realty

2447 N Ashland, Chicago IL 60614

773-510-1597

erojas@kalerealty.com

Lincoln Square vacant lot sold for $630,000, now $1.8M house

A new construction house at 4936 N Bell nears completion. According to my resources the home is priced for sale just over $1.8M. All photos Eric Rojas, Broker, Kale Realty

New construction is in full swing in Lincoln Square for spring season. 4936 N Bell, Chicago IL 60625 sold last year as vacant land for $630,000. The previous original small "farmhouse" was demolished. The new home sits on the wide 30" x 125" lot and features four to five bedrooms and over four bathrooms. The suggested price is just over $1.8M. Considering the size of the lot, the prevailing new home finishes and the location the home should sell quickly when completed.

4936 N Bell shown in the middle prior to demolition. 

Despite rising mortgage interest rates in 2023 the single family home market remained in high demand. Single family homes and land/ development opportunities priced comparably to the past few years in Lincoln Square were gobbled up. In fact median price was up 20% over 2022.

- 85 Lincoln Square single family homes sold in 2023 with a median price of about $985,000. Median price was up 20% over 2022!

- In 2022, 131 single family homes sold with a median price of $825,000.

To buy homes in Chicago and near suburbs (including private and off-market opportunities) contact Eric Rojas, Broker, Kale Realty erojas@kalerealty.com

Andersonville area condo sales, median price about $353,000

We're helping a client prep their Andersonville condo for sale. The perennial hottest neighborhood ever is near and dear to my heart... our family has lived adjacent to the neighborhood for over 20 years. It's an easy sell. Great local food, shops and culture near good public transportation and the lake!

Extended Andersonville sales area.  These are condos sold roughly within a four block radius of the main Andersonville commercial corridor along North Clark Street. 

The median price for a sold condo in the greater Andersonville area in 2023 was about $353,000. 

- A one bedroom condo (any # of baths) had a median sales price of about $225,000.

- A two beds, two baths unit will bump you up to a median of $430,000. 

- A three beds unit (any # of baths) climbs the ladder to a median price of $580,000.

To sell and purchase real estate in and around Chicago contact: 

Eric Rojas, Broker, Kale Realty

2447 N Ashland, Chicago IL 60614

Office 312-602-3367

erojas@kalerealty.com