The past six months: Recent sales at 2930 Sheridan Tower

2930 N Sheridan Ave, Lake View, ChicagoSometimes it’s fun to single out an address just to see what’s moving and for how much, regardless of whether the homes are developer-owned or resales, or whether there have been any newsworthy announcements about price cuts or incentives coming out of the building. (OK, we have a weird idea of fun.)

A recent sale notice on Redfin reminded me about 2930 Sheridan Tower, an ongoing conversion of an old high-rise (and “Lakeview’s fastest selling development!”) at 2930 N Sheridan Rd in Lake View. Close to 30 units have sold in the building since late November, according to Redfin (possibly more, depending on how limited the site’s sales records are), most right at or just above their original list prices.

Those sales included:

  • One-bedroom / one-baths in the $210s to $260s; similar homes are currently listed from the $200s to the $250s
  • Two-bedroom / one-baths in the $230s to $270s; similar homes are currently listed in the $260s
  • Two-bedroom / two-baths in the $300s to $410s; similar homes are currently listed in the $310s to $320s
  • Three-bedroom / two-baths in the $310s to $330s

According to @properties, buyers at 2930 Sheridan Tower can get 4.25-percent financing on 30-year fixed-rate mortgages and no PMI or points with 5-percent down payments.

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