222 E Pearson St Unit 1207, Chicago, IL 60611
Closed Date: 8/27/2021
Sales Price: $182,500
Sensational one bedroom starter home or investment property in the highly desirable "Pearson on the Park" building in the heart of Streeterville. Amazing location - one block to the lake - two blocks to the Magnificent Mile. The building is across the park from Northwestern's hospital complex, medical/law schools and kitty corner from the Museum of Modern Art and beautiful Lake Shore Park; a 6 acre park offering a running track and tennis courts. Close to the shops and restaurants in both Streeterville and Gold Coast as well as the CTA Red Line trains and express buses. Unlike many high rises in Streeterville this unit has its own in unit washer and dryer! This unit was fully rehabbed in 2006 with hardwood floors as well granite counters, cherry cabinetry, a breakfast bar, and all stainless appliances in the kitchen. Large bedroom easily fits a king sized bed. Combo living/dining area can fit a spacious sectional as well as a dining table for 6 -8. This is a full amenity building with 24-hour doorman, on-site property manager and low association dues. Building has an updated Penthouse common room, large sundeck with amazing city and lake views, gas grills, party room with full kitchen as well as a fitness center. Bike storage. Visitor parking as well as onsite Zip Cars. Great tree lined location with excellent walkability and abundant public transportation. Investors welcome - no rental cap! On-site garage valet parking. No upcoming capital projects planned as many projects have been completed in the last few years including replacement of the chiller and boiler systems, HVAC, exterior repairs, Plumbing systems, corridor upgrades, sectional riser replacement (as needed) and new roof furniture which was a special assessment which the sellers paid in full. Please note that real estate taxes do not yet reflect a Homeowner's Exemption! Only utility you'll need to pay is electric as gas, heat, internet and cable are included in the HOA fee! Low HOA fee for a high rise building yet the building contributes a lot to its reserve budget and is very financially healthy.
