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

Foreclosure rate at the 400 E Randolph – the Outer Drive East

December 2nd, 2010 · 1 Comment · Uncategorized

There are totally 30 units closed within the last 12 months at the 400 E Randolph, the Outer Drive East. They include 6 studios ranging between $145,000 and $260,000, 15 one bedroom units ranging between $150,000 and $340,000, 8 two bedroom units ranging between $232,750  and $540,000, 1 four bedrooms unit of $370,000. There are 2 units were short sale and 3 units were in foreclosure, the foreclosure rate is 17%.

 The Outer Drive East has 940 units, the current rental rate is less than 20% over the owner occupancy.

Currently there are 27 units for sale ranging between $169,000 and $950,000, so the list rate is around 2.8%.  3 of the 27 units are going for Short Sale or foreclosure.

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