What does $200k buy in the South Loop?
Posted 2/21/2008 by Patrick RollensIf you're looking to live in a high-rise, there are just a few options available in the South Loop in the $200,000 price range, according to our new high-rise guide.
One candidate is 1349 South Wabash Private Residences. Developer See Wong has consistently marketed his 15-story high-rise (under construction at 1349 S Wabash Ave) based on its more affordable finishes and fewer amenities. I checked in yesterday and found a 520-square-foot studio unit starting at $189,000 (floor plan shown here). (Thanks to Geoff and Kelly for pointing out the incorrect plan!)
The only other high-rise home in this price range was a studio at 235 Van Buren - and that condo squeaked in at $199,900. At 525 square feet (and no balcony), it's about the same size as 1349 South Wabash's offering, but it's part of a much larger building (714 units, compared to just 78 at 1349 South Wabash). For studio shoppers who want to be steps from the Loop, 235 Van Buren might fit the bill.
Comments
2/21/08
Kelly said:
I think you posted the wrong floor plan. That is a one bedroom not a studio.
There is a 520 sq ft studio I saw on their website (unit 5) with no terrace which I would think would be more likely to be $189K. If a 725 sq ft unit like that is really going for $189,000, that is a great deal.
Geoff Vrba said:
Is that a studio? Looks like a one-bedroom to me. Just curious.
Patrick Rollens said:
Geoff and Kelly: Good call! I rushed this one to the site with the wrong floor plan, and I apologize.
Local Realtor said:
Gee…except for the laundry it looks suspiciously similar to a 4+1 studio apartment that I occupied in the early 80's!