Looking for a deal on a downtown home with views of Lake Michigan? The latest units to hit Rick Levin‘s auction block are a couple of white-box penthouses at the 21-story Metropolis high-rise, located at 8 W Monroe St in the Loop.
One, a 3,000 square-foot unit, was previously priced at $1.2 million, but will have a minimum bid of just $360,000. The unit has an east-facing roof terrace with views of Lake Michigan. The other, which has about 1,700 square feet, was previously priced in the $640s but will begin bidding at $180,000. The penthouse has a balcony overlooking State Street. Both dry-walled homes have views to the north, south and east. (Two examples are seen at bottom.)
Buyers interested in combining the two units into a duplex can enter bids for both starting at $540,000, Levin says.
Along with the penthouses, Levin will auction commercial office space and parking spaces at the Metropolis. Buyers can tour the units today from 4 to 6 p.m., and on Sunday, Sept. 13th, from 11 a.m. to 1 p.m.
Levin will hold the auction at 6:30 p.m. Tuesday, Sept. 15, at the Crowne Plaza Hotel-Chicago Metro, located at 733 W Madison St in the West Loop.
The Metropolis’ residences occupy 16 of the 21 floors of the old North American Building, a 97-year-old, Holabird & Roche-designed high-rise that once served as the headquarters for Evans Furs. In 2005, developers Keith Giles, Jerry Karlik, William Warman partnered to renovate the building, creating 169 one- and two-bedroom homes, most with 700 to 1,300 square feet, and adding such amenities as new high-speed elevators, a 24-hour door staff, a fitness center, media and entertainment rooms, a common roof deck with grill, a bicycle storage room, and individual storage lockers.
The tower stands right next door to the Bank of America Theatre — home of Jersey Boys — and just a short walk away from other Theater District venues and Millennium Park.
