Selling at a slight loss at The Legacy at Millennium Park

Legacy at Millennium Park, 60 E Monroe St, ChicagoClosings have been underway at The Legacy at Millennium Park, 60 E Monroe St, long enough for a number of resales to start popping up inside the tower. Of the 10 units listed by companies other than Equity Marketing Services (Legacy’s exclusive brokerage), at least three are listed for amounts less than their closing prices.

The one-bedroom / one-bath unit #2405, for example, was listed for $389,900 back in 2007 and closed last month at $397,161. Last week it went back on the market for $374,900. Another home in the same tier, unit #3505, sold for $443,390 last month and was relisted today at $420,000. The one-bedroom / 1.5-bath unit #2906 was listed at $448,000 last week, little more than two months after closing at $454,900.

These are minimal reductions — somewhere between 1 and 6 percent per unit — and there are several instances of resales being listed above their original sale prices, but it’ll be interesting nevertheless to watch resale trends here as Equity continues to market its unsold units. Equity’s listed units, which don’t represent all of the new homes available in the tower, are priced from the $480s for a 929 square-foot one-bedroom up to $4.26 million for a 4,757 square-foot three-bedroom penthouse.

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