Get a deal on a Palmolive Building two-bedroom

Posted 12/11/2009 by Joseph Askins

This week's CondoShark choice cut comes from straight from the big fish himself, Matt Garrison. Matt singled out this 1,529 square-foot two-bedroom on the 11th floor of the Palmolive Building, 159 E Walton St, as a noteworthy deal. The home was listed as high as $1.17 million at one point but has dropped gradually into the $810s, putting it about $300 below the price per square foot of the other nine Palmolive condos currently on the market.

The condo, listed by Stephen Bognar Jr of Koenig & Strey GMAC Real Estate, has a split floor plan with south, east, and west exposures. It features white oak floors, an "opulent" master bath, in-unit washer and dryer and other "top appliances," and a living room fireplace, among other things. Monthly assessments of $1,100 cover utilities, common insurance, a concierge service, a door staff, and a private health club. A deeded space in the tower's heated garage is available for $55,000.

For more information about price reductions, short sales, and foreclosures in Chicago and select suburbs, visit CondoShark.com and ShoreShark.com. Starting next year, you'll be able to find similar deals in the nation's top 10 real estate markets, Matt says.