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

Last 6 months sold at the Park Millennium 222 N Columbus Dr.

November 20th, 2012 · No Comments · Uncategorized

I have noticed that the inventory are really getting low these days, especially for newer buildings:

There are 13 units closed in the last 6 months at the Park Millennium 222 N Columbus Dr. Prices are from $121k to $721K, with one studio, 5 one bedroom units, 6 two bedroom units and one three bedroom unit. In the 13 units, there are 6 foreclosure units together with 2 shortsale units, which are 62% of the units sold in the last 6 months.

There are also 2 units available on the market and 4 units are pending for close. The turn over rate is quite high, if you are thinking about the total units in the building are 480 units and only 2 units are active, then the current listing rate is 0.4%.

The Park Millennium is a full amenity building with lots to offer, including 24 hour doorman, grill, patio, business room, party room, dry clean, gym and indoor pool.



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