With all the talk of the South Loop‘s condo glut and yet another new-construction condo development converting to rental, I figured it was time once again to see what it takes to rent in one of the neighborhood’s new high-rises.
First up is Marquee, Sedgwick Properties‘ 25-story tower at 1464 S Michigan Ave. Sedgwick’s Jameson Real Estate sales team is still marketing 13 unsold homes in the building including one-bedrooms priced in the $230s, two-bedrooms priced from the $280s to $360s, and three-bedrooms priced from the $440s to $970s, but the developer has also brought Jennifer Mills of Koenig & Strey GMAC to market those homes as rentals.
Among the rentals currently listed on the MLS are:
- One-bedroom / one-baths: $1,400 to $1,495 per month
- Two-bedroom / one-baths: $1,650 per month
- Two-bedroom / two-baths: $1,795 to $2,095 per month
- Three-bedroom / two-baths: $2,700 to 3,195 per month
- Three-bedroom / 2.5-baths: $4,695 per month
Sedgwick’s standard finishes included oak hardwood floors in living rooms, dining rooms, kitchens and hallways; baths with stone floors; wood kitchen cabinetry; granite countertops; stainless-steel kitchen appliances; and berber carpet in the bedrooms.