Marina City at 300 N State St is one of downtown Chicago’s most distinctive high-rise developments, and now that we’re covering more than just new construction, I can finally see what it takes to live in one.
Thanks to newer, fancier, and far more expensive options along the river (I’m looking at you, Trump), these 46-year-old one-bedroom / one-baths look awfully affordable, with the most expensive of the 18 currently listed coming out around $50,000 above the area’s median price for one-bedrooms.
A one-bedroom condo at Marina City has about 725 square feet and is shaped like a little like a petal, or more accurately, a petal and a half. True to form, its rooms have few right angles — the only ones I can see in the floor plan at bottom are in the bathroom and closets.
The three units, all located in Marina City’s east tower, represent the low, middle, and high price points for one-bedrooms at the complex.
- Low: Unit #3728, priced in the $190s. Realtor Nicholas Colagiovanni of Baird & Warner in his listing describes the home as a “clean unit” featuring an open kitchen, maple cabinets, a marble bath with a stone vanity countertop, and two balconies. Monthly asssessments are $374. The unit sold in 1997 for $89,000 and was originally listed in April for $249,000.
- Median: Unit #3530, priced in the $230s. The listing by Dana Petkunas of American Invsco Realty mentions only the unit’s two “extremely large” balconies and floor-to-ceiling windows. Monthly assessments come out to $355. The home last sold in September 2008 for $183,000 and has been on the market for 47 days.
- High: Unit #4430, priced in the $290s. In her listing, Oksana Chura of North Shore Capital Realty says the home has an upgraded bathroom and a kitchen with granite countertops and wood floors. Assessments are $362 a month. Buyers can get the home furnished for an extra $20,000; it’s also available to rent for $1,450 a month. The condo sold in 2000 for $140,000 and has been listed since August 2009.
Along with its almost 900 units, Marina City also houses the Sax Chicago hotel, Chicago’s House of Blues venue, the restaurants Bin 36, Smith & Wollensky, and Dick’s Last Resort, a bowling alley, and a bank.
