55 East Erie

About the Building

This residential tower in the fashionable River North neighborhood is the second-tallest all-residential high-rise building in the country, and as such, it is one of the most sought-after condo developments in Chicago. Situated at 55 E. Erie, these beautifully-crafted units provide quality construction, spacious layouts and all the modern amenities you need to live in comfort. The various floorplans cater to single residents and families alike with as few as 1 bedrooms, or as many as 3+ separate sleeping spaces to house the whole crew-including Fido and Fluffy, since the building has a "pets allowed" policy. In addition, most of the units in this building come with balconies, which, as one of the tallest buildings in Chicago, afford stunning views of the entire city and Lake Michigan.

Just to give you the big picture, the units here average around 1060 square feet, with the price per square foot at $427. Breaking it down a bit more, the smallest units at 55 East Erie encompass 1,060 square feet of living area, while the largest ones span 1060 square feet. In addition to a varying number of bedrooms, the range of dwellings here accommodate with different sized kitchens, living rooms, dining rooms and family rooms. For example, if you are big into cooking and require enough counter space to match your passion, there are 134 square-foot kitchens, not to mention the 418 square-foot dining room in which to serve your culinary creations.

In addition to knowing the dimensions of the place, potential buyers also find it helpful to learn a bit about the selling history and current trends of properties in the building. Just to make it easy on you, we've compiled all of those facts and figures for you.

The minimum time from the listing date to closing, a unit in this building has been on the market is 2 days; the maximum number of days is 215. Depending on the number of bedrooms, the average amount of time a property in this building stays on the market tends to fluctuate. For instance, a 1-bedroom unit in 55 East Erie has typically been up for sale for about 60 days while a place with 3+ bedrooms tends to stay on the market for 215. And to give you an idea of the going rate today for real estate at this particular site, a 1-bedroom unit sold for $545,000 on 07/17/2007.