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Old Posted Nov 24, 2018, 7:28 PM
marothisu marothisu is offline
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Join Date: Dec 2012
Location: Chicago
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Quote:
Originally Posted by 10023 View Post
^ I think I saw a 2-bedroom for that price on the website. Maybe a low floor, but yes you would pay a premium for views.
There were a few - but most of the 2 bedrooms I saw here were around $6000/month or more. At $4700 for a 1 bedroom though, that's ridiculous right now in Chicago in 2018. Pretty much the highest price outside of that for a 1 bedroom right now downtown is around $3000/month, maybe up to $3500 at the absolute most which is probably a bigger unit.

Essentially some of the apartments are priced at $1M for a ~700 sq ft 1 bedroom apartment, which is over $1400/sq ft. Keep in mind that that 4700+ sq ft condos at No. 9 Walton are going for cheaper than that per square foot (some of them I see more like $1100 to $1200/sq ft). So this $5.8M condo at No 9 Walton would cost $1M more with the OBP pricing per square foot of their apartment units. Another $5.7M 5000 sq ft condo at No. 9 Walton I see which is $1135/sq ft would go for over $7.1M with OBP apartment pricing (over $1.4M more than it's going for right now). Just saying.
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