Chicago apartments sell at record per-unit price

Chicago Real Estate Daily reported last Friday that Crescent Heights has acquired 161 apartments that had been rented in the 201-unit Walton on the Park condominium building, 2 W Delaware.

The reported sales price of “about $160 million” included commercial space, parking and a parcel north of the building currently zoned for 261 units. That price would surpass the previous high per-unit price in downtown Chicago, which was a reported $628,000 at 1225 Old Town.

Walton on the Park was built as a luxury condominium and has amenities and finishes that are unmatched in the neighborhood. Available apartments are currently renting from $2,570 for a 1-bedroom, $3,665 for a 2-bedroom, 2-bath a $5,500 for a 3-bedroom, 3-bath. A 4-bedroom, 3 ½ bath apartment is listed at $10,815 a month.

The building is steps from Washington Square Park, a tranquil urban oasis with a fountain at its center.

Note: Park Michigan, The LEX, Astoria Tower and Echelon at K Station are YoChicago advertisers and Crescent Heights properties.

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