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It's no secret that River North has one of the most diverse housing markets in Chicago, but sometimes it's startling what can be found here. Take this high-rise condo development, for example. Constructed in 2002, this 39-floor residential building in the in the near north side of Chicago offers quality construction, spacious units and all the modern conveniences you need to live in comfort and modern luxury. Located at 2 E. Erie, this development offers 254 individual units with a number of layouts and assigned/deeded parking for residents' vehicles.
In this day and age, there are some essential elements that we just expect have in our urban dwellings, while other features are an added bonus that make the city lifestyle that much sweeter. The units at 2 E. Erie 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 studio to 3 bedrooms, come in all different square footages to suit the needs of homeowners with varying family sizes. The average master bedroom is 165 square feet, although some can be as large as 200+ 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.), fear not: the building is pet-friendly.
The price per square foot for property at E. Erie is $345. From listing to closing, the standard length of time a unit in this building stays on the market is 30 days. In regards to properties that are currently for sale, the average length of time a studio stays on the market before selling is 274 days. There are currently a few studio residences available in this River North development that maintain an average listing price around $239,000. 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 $259 per month and taxes cost between $1,500 and $4,000 per year.
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