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

Market activities in New Eastside, Including Lakeshore East

March 2nd, 2013 · No Comments · chicago real estate market, new eastside

Currently there are 52 active listings on the market at the New Eastside, including the Lakeshore East neighborhood. The listing price is between $245k for a one bedroom at the 400 E Randolph to $2.1m a three bedroom at the 340 E Randolph. Only one unit is short sale, which is unit 5109 at the 195 N Harbor ( the Parkshore).

There are 36 units closed in the last 3 months, the closing price is between $235K a studio with parking at the 450 E Waterside – the Chandler to $1.1m, a two bedroom at the 340 E Randolph. Only 3 units are foreclosure units and they are in the same price range with the regular sale units.

There are 29 units under contract, this is a huge number for the beginning of March, out of the 29 units there are 3 short sale units.

From the above we could see that the stressed properties are playing a big role here, and even for regular sales, the property prices are quite stable.

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