East Randolph Street – Call Kristine 312-933-1894

Observations and insights into real estate happenings along E. Randolph St. in downtown Chicago

East Randolph Street, Chicago

13 units closed at the 340 E Randolph – 340 on the Park

October 13th, 2010 · No Comments · Uncategorized

In the last 6 months, a total of 13 units closed at 340 E Randolph – 340 on the Park. This is a big number for this economy, so from here we could see that the movement of the new buildings or the buildings that have great views would sold a lot faster. The price of the units sold are range from $667,000 to $3,650,000, they are between 1 bedroom to three bedrooms units. I remember when the one bedroom unit came out, they were around $450K for the ones that facing south of the grant park, we were asking ourselves how we could fit our family into a one bedroom unit, but right now the price of the one bedroom facing south closed at $710K. That being said, if you are an investor, not only you need to find the best value, but the view, view, view is the most important. I think this is the only building where the value has held up high and is still very strong.

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