Kinzie Park Townhome Sells for $1.3M
A Kinzie Park Chicago Townhome, at 437 N Canal, closed at $1,325,000 in October, 2011. The property was listed at $1,395,000 at the time of the sale.
Kinzie Park is a 6.5 acre luxury community located on the Chicago River between Grand Avenue and Kinzie Street. The development features townhomes, as well as mid-rise and high-rise condos. The community's website states that there are over 300 homes in all within the development.
The purchaser of this Chicago townhome is a litigator with law firm Winston & Strawn, and still owns his previous property in Old Town at 1429 N Wells. The townhome purchased is over 3,900 square feet in size, and features 4 bedrooms with 3.1 baths. The listing stated that the master bedroom was an enormous 23'x14', and that the property had two fireplaces, a rooftop terrace, and a private yard.
This townhome was last sold in 2005, and as you may have guessed, it was purchased at that time for a higher price. In 2005 a laywer with the Chicago office of firm Bryan Cave LLP. It was purchased, according to county records, for $1.54M in September of that year. Of course, all markets and properties have been affected by downward pressure over the last 5 years, and Chicago townhomes are not exempt. However, there is still demand for what this listing called "beautifully appointed - pristine quality" townhomes as this property was on the market for fewer than the average days on market for Chicago.
You can read the details on the transaction on Blockshopper here.
Kinzie Park is a 6.5 acre luxury community located on the Chicago River between Grand Avenue and Kinzie Street. The development features townhomes, as well as mid-rise and high-rise condos. The community's website states that there are over 300 homes in all within the development.
The purchaser of this Chicago townhome is a litigator with law firm Winston & Strawn, and still owns his previous property in Old Town at 1429 N Wells. The townhome purchased is over 3,900 square feet in size, and features 4 bedrooms with 3.1 baths. The listing stated that the master bedroom was an enormous 23'x14', and that the property had two fireplaces, a rooftop terrace, and a private yard.
This townhome was last sold in 2005, and as you may have guessed, it was purchased at that time for a higher price. In 2005 a laywer with the Chicago office of firm Bryan Cave LLP. It was purchased, according to county records, for $1.54M in September of that year. Of course, all markets and properties have been affected by downward pressure over the last 5 years, and Chicago townhomes are not exempt. However, there is still demand for what this listing called "beautifully appointed - pristine quality" townhomes as this property was on the market for fewer than the average days on market for Chicago.
You can read the details on the transaction on Blockshopper here.