The Park Monroe: Everything You’re Looking for in Downtown Chicago Real Estate

One look at Chicago’s alluring skyline, and it’s clear there are many options for those looking for downtown Chicago real estate. From noteworthy architecture to towering buildings that present spectacular views, downtown Chicago has plenty to offer buyers when it comes to real estate.

One of those options is the Park Monroe, located at 65 East Monroe. I sold a unit there in 2009 for $1.277 million—what sets the Park Monroe apart from other luxury Chicago real estate is the cost per square foot, which is a great way to compare one building unit to another in terms of cost. At the Park Monroe, the cost of the unit I sold was approximately $500 per square foot, including parking. A comparable building, 900 Michigan Avenue, costs close to twice that at $1,000 per square foot. These Chicago condos also offer spacious, open units with luxury finishes and appliances, 10-foot ceilings and floor-to-ceiling windows.

A major perk of downtown Chicago real estate is obviously location. The Park Monroe is a 10-minute walk from LaSalle Street, Wacker Drive, or virtually any other location downtown. Many residents with a downtown Chicago home are in love with the close proximity to the city’s culture, from the symphony, Millennium Park, the Art Institute, the Harris Theatre and the Chicago Cultural Center. And many residents of the Park Monroe are able to walk to work, avoiding a daily struggle with traffic and transportation.

If you’d rather stay even closer to home, a Chicago condo inside the Park Monroe has plenty of options right inside the building. An indoor-length lap pool, whirlpool spa and club-caliber fitness center make it easy to be recreational as well as get relaxed and rejuvenated. The premier city views can be enjoyed from the Park Monroe’s rooftop garden, where you’re surrounded by a panorama of Lake Michigan, and the city. Many residents at the Park Monroe can host Fourth of July parties at home and still soak in Lake Michigan’s fantastic fireworks show. For night’s in, a big-screen theater and entertainment suite are just a few floors away from your Chicago home.

Having sold a Chicago condo in the Park Monroe, I’ve worked with this developer and know there is room to negotiate the cost. I can also tell you which units are most ideal for your Chicago real estate purchase, depending on your lifestyle and how each unit might fit into that. If you’re searching for a second home or are a frequent traveler, the Park Monroe is in a convenient location from the airport. For shoppers, Michigan Avenue’s magnificent line of designer stores is just a few blocks away.

Park Monroe has several listed Chicago homes for sale, and I’d be happy to walk you through what this building has to offer. To learn more about Chicago homes for sale in the Park Monroe, contact agent Sheldon Salnick at (312) 498-5080 or email him at ssalnick@dreamtown.com.

One thought on “The Park Monroe: Everything You’re Looking for in Downtown Chicago Real Estate

  1. Pingback: Communities to Consider When Buying Downtown Chicago Real Estate – Part 3

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