Michigan Avenue’s Richelieu Flats under new ownership

Crain’s recently reported the bulk sale, for $4.5 million, of the 5-unit Richelieu Flats, 318 S Michigan Ave. The units had been offered for sale individually at an aggregate price of over $8 million.

Baird & Warner’s Millie Rosenbloom still has the units, two of which are under contract, listed for sale. You can tour one of those units in the sponsored video, above, shot last August. The unit was listed at the time for $1,365,000. It was subsequently reduced to $1.265M and then raised to $1.365M.

Toward the end of the video you’ll get a look at the 4,300 square foot duplex penthouse, which has a 1,000 square foot terrace with sweeping views of Grant Park, Millennium Park and the lake.

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