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

Two foreclosure units at the 222 N Columbus Dr, both pending now

May 6th, 2012 · No Comments · Uncategorized

There are two foreclosure units at the 222 Columbus Dr, one is a convertible studio which was listed for $154,900, which is around 525 square feet, the monthly assessment is around $308 and the annual tax bill is around $2,475 per year. The other unit is a one bedroom plus den on a high floor with great views to the lake and the millennium park, which was listed for $218,500, around 835 square feet, monthly assessment is around $454 per month and annual tax bill is around $3,280 per year. The bigger unit was on the home path program, so only homeowner is qualified to buy it in the first 15 days, when I called them after the program is expired, they have already got a contract.

The Park Millennium is a full amenity building with 24 hour doorman, sun deck, grill, gym, indoor swimming pool, party room, pedway. The only catch is that new owners are not allowed to rent out the unit right now until the renter % goes down to less than 20%.

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