According to CondoShark.com, some of the most significant price changes on short sales and foreclosed homes in River North are located in one building: Ontario Place, located at 10 E Ontario St. Six of the neighborhood’s 10 biggest reductions are inside the 49-story, 467-unit high-rise, with prices dropping 31.6 to 45.5 percent per unit.
These three units represent the largest price drops at Ontario Place by percentage:
- Unit #3803: a one-bedroom / one-bath with 995 square feet; was $550,000, now $299,000 (a 45.5-percent reduction). This home, marketed by American Invsco, is back on the market after its previous buyers canceled their purchase. The former model unit features a Viking range, granite countertops, marble bath finishes, and in-unit washer / dryer. The home comes with an indoor parking space.
- Unit #3609: a one-bedroom / one-bath with 995 square feet; was $400,000, now $219,000 (a 45.3-percent reduction). This home, marketed by Century 21 Universal, sold in 2005 for $423,800. It has stainless-steel appliances, hardwood floors, and one parking space.
- Unit #3104: a studio with 765 square feet; was $285,000, now $175,000 (a 38.6-percent reduction). This home, marketed by Chicago Realty Associates, has three closets including one walk-in, a 23-foot-wide balcony, and parking available for rent or purchase.
The Loewenberg-Fitch-designed tower was completed in 1983. American Invsco began converting apartments to condominiums in 2005.