This building, formally known as One Museum Park West, is a high-rise condo development currently under construction at the foot of Grant Park in Chicago's rapidly-developing South Loop neighborhood. The tower, when it is completed at some point on 2009, will be 54 stories tall, and it will afford residents some of the most incredible cityscape, lakefront and park views that can be found anywhere. The tower will be part of the Museum Park complex of residential towers at the southern edge of Grant Park at Roosevelt Road.
The units at 1201 S. Prairie St incorporate the basic necessities with a touch of luxury, from the handy building services and facilities to the amenities of your private abode. The building's floorplans, which include anywhere from 1 to 3 bedrooms, come in all different square footages to suit the needs of homeowners with varying family sizes. The average master bedroom is 180 square feet, although some can be as large as 180 square feet. The second bedroom is typically 132 square feet, still a good amount of space for the growing members of the household, or a great spot for the home office. And, in case your family includes a lovable cat or dog (or fish or bird, etc.), the building is pet-friendly.
The price per square foot for property at 1201 S. Prairie is $425. From listing to closing, the standard length of time a unit in this building stays on the market is around 60 days. In regards to properties that are currently for sale, the average number of days a 1-bedroom unit has been listed for is 573. There are currently few 1-bedroom residences available in this great development, which maintains an average listing price around $514,000. In addition to the upfront price for real estate in this striking residential structure, it's helpful to know how much assessments and taxes are, since you'll be paying those on top of the mortgage. For this particular building, the average assessments are $328 per month and taxes cost between $1,500 and $4,000 per year.