Renovated penthouse homes at 1400 Lake Shore Drive available at discount

After reading yesterday’s post about Jameson Real Estate’s new marketing efforts at 1400 Lake Shore Drive, Coldwell Banker agent Matt Garrison e-mailed me some information about some renovated penthouse units he’s still marketing at the Gold Coast tower.

These 22nd-story homes aren’t large — studios have as little as 284 square feet in some instances, and one-bedrooms top out at just under 700 square feet — but they feature “superior finishes to other renovated units in the project” and would make great in-town apartments, Matt says. The homes have hardwood floors, maple cabinets, stainless-steel appliances, granite countertops, and slate bathrooms with glass-enclosed showers. (You can see VHT’s photos of these units at 1400Penthouse.com.)

Garrison is listing the homes for anywhere from 4 to 31 percent off their original prices. Studios once priced from the $140s to $180s are now priced from the $110s to $150s. The one-bedrooms have dropped from the $240s to $300s down to the $180s to $250s. Lakeside Bank is offering 90-percent loans at 6 percent for these particular units, Matt says.

Two of the floor’s 11 studios have already sold, and all 10 of its one-bedrooms are still available. All but three of the homes are currently rented out, according to Matt’s price and availability sheet.

Related posts:

1. Jameson touts “prices we haven’t seen since 1988″ at 1400 Lake Shore Drive
2. Shark bites: What’s driving 1400 Lake Shore Drive’s auction?
3. Jameson and Fine to auction 30 condos at 1400 Lake Shore Drive
4. 47 condos under consideration for 1400 Lake Shore Drive’s April 25 auction
5. 1400 Lake Shore Drive auction brings in almost $3.5 million with 20 sales

Tagged as: 1400 Lake Shore Drive, 60610, Coldwell Banker, Condo conversions, Condos, Downtown Loop, Gold Coast, High-rise, Matt Garrison, Price reductions