512 Mcclurg was built in 2002 and it has AMC theater underneath in the building. It is in a great location with grocery stores, Walgreen’s, shops on Michigan Ave, lots of restaurants around it. This building currently has 29 active listing with 20 listing for sale and 9 listings for rent.
The for sale listings include Studios, one bedroom, two bedrooms, the price is from $224,900 to $629,900, that is around $363 – $444 per square feet, the studios are the cheapest.
The rental listings has one bedroom unit and two bedrooms unit with rental price of $1650 – $2,650, this price does not have a parking space, right now there is some promotions going on at the 505 McClurg for parking around $125 per month, only good for River East and Park View residents!
In the last 6 months there are 8 units have been closed in the River East building, this is pretty active as compare to other buildings which has from none to 3 average closed deals in the building. The closed price are ranging from $204,000 to $770,000, which includes from studio to three bedrooms units. There are three units are in the pending sale status, one studio, one bedroom and two bedrooms. I really like this building, not only I have friends live in the building so that I could come to visit often, but also I like the layout of the units, very large living room, bedrooms. Plus with the angle each unit do have some views to the lake or city. Currently there are studios, one bedroom and two bedrooms available in the building.
I have showed some studios at the River East building. These studios are very spacious and lots of them do have a washer and drier in the unit which lots of the one bedroom unit does not offer in other buildings. One of my clients bought an 09 tier unit a couple of months ago. He likes the size, the sun light, the good size kitchen and lots of built in closet spaces. One of the good ideas is to put a Murphy bed in it so that during the day it looks like an Armor and you get to use the queen size bed at night!
I showed my client the unit 3701 at the 512 McClurg the beginning of this week. The unit is bank owned property which is not my listing. It has around 1,450 square feet. Two split bedrooms with views to the lake , Navy Pier and the city. The unit needs some work, such as the carpet is old, the paint is very dark in the master bedroom. But the price is $451K which I think is reasonable.
I am so happy that I helped my client to rent this large two bedrooms unit at 512 Mcclurg. The 04 tier has lots of views to the lake and city, even on the 16th floor, the view is beautiful. The unit is nice and bedrooms are very large. My client has moved in happily last Friday, welcome! Hope they can enjoy the summer in Chicago!