New year, new listings: Six new condos for sale at 1162 West Hubbard

1162 W Hubbard St, Chicago

Back in July 2009, Mark Boyer stumbled upon a 17-unit condo building under construction at 1162 W Hubbard St in West Town. He couldn’t get a lot of info out of the developer at the time, and we never followed up on the building in the following months; I’d honestly forgotten about the place until today, when I noticed a handful of new listings in the building.

According to Redfin, eight units, ranging from a 625 square-foot one-bedroom to a 2,100 square-foot four-bedroom, sold at 1162 West Hubbard between December 2009 and June 2010. Closing prices ranged from the $190s to $650s.

Right now there are six units listed for sale. One, a 1,400 square-foot two-bedroom, was listed in September for $384,000, dropped to $359,900 by mid-October, apparently went under contract around the beginning of December, and was reactivated as a listing right before the turn of the new year. Another two two-bedrooms and three three-bedrooms have been on and off the market regularly for about a year, and returned yesterday at prices stretching from the $330s to $440s. The average price per square foot of the listed units is $255, about $42 less than the average for the building’s closed units.

The listings from Bobbie Fisher of Higa Inc. mention features and finishes like walnut kitchen cabinetry, granite and quartz countertops, Brazilian cherry hardwood floors, built-in dry bars with 52-bottle wine coolers, master baths with Grohe sit-down steam showers and whirlpool tubs. All homes come with parking spaces in the building’s heated garage. Some, but not all, of the units appear to qualify for FHA financing, allowing down payments of just 3.5%.

WalkScore.com gives the building’s location an 88 for walkability, thanks to its proximity to Grand and Ogden avenues, and a 76 for public transportation options.

1162 W Hubbard St, Chicago 1162 W Hubbard St, Chicago

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