ChicagoDowntown / Loop

Vetro studio returns to market as pricier one-bedroom

by Joe Zekas on 6/20/14

If you’re looking for a 1-bedroom condo your new listing search will surface Unit 1401 at Vetro, 611 S Wells.

The unit was one of 40 Vetro condos sold at auction early in 2009. It was purchased for $160,000, including a parking space. The developer had marketed the unit as a studio.

The copy for the current listing coyly describes it as an “open layout jr 1 bed.” The asking price is $199,000 plus $25,000 for the parking.

The current owner purchased the property with a $157K mortgage, so a sale anywhere near the asking price would result in a very handsome return on equity.

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