Although location has A LOT to do with how a property gets priced, there are other factors which can have a great influence on the pricing also. Many times in the Chicago downtown/Gold Coast market, garage space is deeded and sold seperately from the condo unit. Parking spaces in this area can range from $35K on up. Sometimes sellers choose to combine the price of the parking with the condo which makes the listing price higher. Building ammenities effect the price of a condo also...Is there an elevator, pool, health club, spa, restaurant, 24 hour doorman, concierge and/or dry cleaner in the building? All of these factor in the value and thus the pricing of condos in the downtown and Gold Coast area in Chicago.
Hope this helps,