THE SURPRISING SUBSTANCE OF 201 E. CHESTNUT

She may not be the prettiest one in the neighborhood.  Or the flashiest.  Or even the youngest.  But she definitely has a quality that will capture your imagination.

This is the allure of 201 E. Chestnut, a modestly-designed but well-loved building situated in Chicago’s Streeterville neighborhood.  The building’s location is near-perfect:  kitty-cornered from the John Hancock Building, across the street from Water Tower Place and one block from Northwestern University Medical Center.  The shopping mecca of Michigan Avenue is just one block west.

What the condo homes of 201 E. Chestnut may lack in youth and pizazz, they make up for in sheer size.  One-bedroom condos are over 1,000 square feet.  The bedrooms alone are a cavernous 17’ x 11’ with adjoining walk-in closet.  A family of five could live comfortably on the spacious balcony that also comes with each unit.  Other amenities include an indoor pool, party room and coin laundry.  In-unit washer/dryer hook-ups may be permitted with board approval.  All parking spaces in the building are leased at a Discount to residents at $135.

“Big” is also an integral facet of the building’s pet policy:  there is no weight limit on dogs.  Only a handful of Streeterville buildings have such a pet-friendly policy.  Of course cats are welcome here, too. 

What’s NOT big about homes at 201 E. Chestnut?  The price tags!  One foreclosed unit in the building was listed last fall for $147,263 (that was some funky asking price).  In a highly atypical move, the building’s association exercised its right of first refusal and eventually purchased the unit for $186,000. 

The lowest-priced one-bedroom is currently for sale at an amazingly low $209,000.  The parquet flooring in the living/dining room, kitchen was redone with fresh cabinet fronts , new counter tops and appliances.  The bathroom and kitchen have been nicely updated with new tile and cherry cabinets.  This home has only been listed for a few weeks.  At this price there’s no doubt it won’t be on the market much longer. 

The lowest-priced two-bedroom unit is listed at $379,900.  This is a stunning sixteen-hundred-square-foot showpiece on the sixteenth floor, with an open floorplan to die for. 
201 E. Chestnut offers an exceptional value for the neighborhood in comparison with its newer, flashier condo neighbors.  If you’re looking for a real estate investment in a building that has much to offer, contact Ted Guarnero at Baird & Warner, (312) 810-6693.
Streeterville real estate

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