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

New foreclosure listing at the 480 McClurg, the City view

February 10th, 2012 · No Comments · Uncategorized

I just took my clients to see this new one bedroom foreclosure at 480 McClurg, this unit is facing the river slip and the lake, also with views to the nice fountain which shoot out every hour next to the river. It is a best location to see fireworks as well.

The unit smelled good, the carpet looks very new, the paint is also very fresh. The view is so great from both the living room and the bedroom, this unit is around 806 square feet and the listing price is $229,900 which includes a parking space and a use of a storage unit. Currently the building has around 30% renters, so it still allow new investors to rent their place out. The rent for this unit should be around $1,700 – $1,800 with the parking space. The assessment is around $450 including the parking space.

480 McClurg is a very strong building with current reserve of around $1.6m and it has never had special assessment before and does not have any planned special assessment. The location of the 480 McClurg is close to everything, grocery stores, restaurants, banks, gym, Navy Pier, Michigan ave, lake front and river walk!


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