At the end of the day the critical component relates to what you want in terms of location and building. With respect to the buildings you have indicated my preference is The Fordham at 25 Superior. I never gained affinity for 512 McClurg - the lobby feels like an airport and while I am sure the building has a limit on rentals it has a rent-heavy feel. Both McClurg locations have an out of the way feel to my way of thinking, as does 240 Illinois even though it is a stones throw from Michigan Avenue.
Perhaps a good next step for you is to determine if any of the brokers who have responded to your question are of a type and caliber that seems capable of assisting you to sift through inventory to move ahead with your purchase. Once you identify a broker and establish a price parameter you can undertake a specific search that is rooted in the location you want respective of current inventory.
If I happen to be that broker, wonderful! If another agent is your preference, I bid you the best of luck toward your new home.
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I also would not pay near 40K for parking.
I would tend to prefer 512 Mcclurg, but how about 505 LSD?
I agree with Stacy in regards to 240 E. Illinois. The building and amenities are excellent, the homes have great layouts, good sqfootage and finishes.There are a mix of loft and non-loft homes in the building and I would highly recommend the non-loft homes. For resale, I feel this building will be much better than the rest as well.
If you are looking for a less expensive building 512 N. McClurg will be it. Built in 2002 the finishes and style of the homes generally aren't as nice as a building like 240 E. Illinois. Although some homes have been upgraded and the views can be awesome, it's just not as premier of a building - great for someone on a lower budget.
505 N. McClurg is another great building and will be some of the most expensive in your search. Newer construction building with great amenities, the homes have excellent sqfootage (over 1100 for a 1Bed) and the finishes are also great. The biggest issue could be that the developer still owns units in the building and I would be afraid they would lower prices to unload the last units.
You can't beat the location for 25 E. Superior. The building and homes are very nice but if in my opinion I just like the style of 505 McClurg and 240 Illinois better. May be the floor to ceiling windows!
Like others have said below, your first step is to get an official pre-approval from your bank or a lender (I can give you a referral). You also need a great Buyer's agent to work for you and I would love the chance to sit down and go over some options with you. I've worked in the neighborhood for years and have visited all of the buildings mentioned above!
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