Is 400 Lake Shore Drive worth the premium

Is 400 Lake Shore Drive worth the premium?

住房 1 周前 5 answers • Hanneke Hendriks

I'm considering moving into a new luxury building at 400 Lake Shore Drive, but the price tag is steep ($5,500 for a 1,200 sq.ft 2BR). I've seen nicer fixtures than in other apartments at this price range, but I'm not sure if it's worth the premium over other downtown luxury buildings.

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3 Answers · 2 replies

veronique • 1 周前

Newer buildings tend to be pricier than older ones. One Bennett is approximately 9 years old, making it a relatively recent construction. The only comparable 'new' building on the Near North Side is One Chicago, which was completed about 4 years ago. Therefore, it's reasonable to assume a premium over that building.

Elena • 1 周前

Buildings like the St. Regis and Tribune are relatively new and located in the area.

veronique • 1 周前

The St. Regis and One Bennett are both condos for sale, which might not be the best comps for an all-rental building. Additionally, they're roughly the same age as One Bennett, making them less comparable. As it stands, I'm a bit outside my budget, anyway.

Frank S • 1 周前

A $5,500 price tag doesn't seem excessively high compared to other downtown luxury buildings with 2 bedrooms. One Bennett Park's prices are around the same range.

gabriel • 1 周前

My 2-bedroom apartment next door costs $6,000 per month. After comparing prices, I was surprised to find that 400 N is either the same or lower in price. I attribute this to the building's location and lack of balconies. I think the absence of nearby convenience stores and quick shopping options will be a major drawback. You'll need to walk a considerable distance to access basic amenities.

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Is 400 Lake Shore Drive worth the premium?

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