Yesterday I showed studio and one bedroom condos in the Loop and South Loop. An executive who has a home in the northwest suburbs wants a pied-à-terre (a small second home in the city) for when she works late or wants to enjoy a weekend in the city.
According to Wikipedia.Org, pied-à-terre is French for “foot on the ground”. Read more at Wikipedia.Org for how pied-à-terre came to mean a small second home in the city. The pronunciation is pee-ay-duh-TAIR.
Most studio condos in the Loop are priced between $180K and $300K. Luxury studios can run almost $700K. Most 0ne bedroom condos are priced between $200K and $400K. Luxury one bedroom condos can run almost $1 million.
I took the photo on the left right before we started our showings. The high rises are on East Randolph.
ABOUT THE AUTHOR
Fran Bailey shows, previews and tracks downtown Chicago homes for sale giving her the insights needed to help her clients negotiate the best price and terms. Fran has been quoted in numerous Chicago and national publications. To schedule showings of listings regardless of broker or to contact Fran email her at fran.bailey@bairdwarner.com or call 773.793.4516. Learn More
Fran Bailey, Realtor
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I work in Philadelphia and my wife and I live in San Diego, but we have an extremely nice 2 bedroom two story condo in the South Loop with spectatular views of the South Chicago River and Sears Tower. My wife and I stay in the condo occasionally, but the rest of the time it’s vacant. We’re going to list it this year in the mid $500,000 but would also entertain a lease. If you or your client is interested I’d be happy to provide photos.
Thanks for letting me know, Don! My buyer isn’t looking for that much, just a place to stay.
When you get closer to listing, give me a call or email. I know an outstanding Realtor (besides me
) who is very experienced selling 2 bedroom condos in the South Loop. He would do a great job for you!