340 On The Park

About the Building

At the time of its completion in 2007, 340 On the Park was the second tallest all-residential building in Chicago. That's not all it has going for it though. Located on the northern edge of Millennium Park in the New East Side neighborhood of Chicago, this brand-new 64-floor high-rise condo building has some of the best views of Chicago that can be found anywhere. In addition to its various comforts and amenities, 340 On the Park is the first residential high-rise in Chicago with LEED (Leadership in Energy and Environmental Design) certification, making it one of the most environmentally friendly homes in Chicago. The building also boasts a wintergarden on the 25th floor, a pedway connecting it to the Blue Cross and Blue Shield building next door, and indoor parking (for a fee).

This great building offers 344 residences in a number of diverse layouts with an average of 1261 square feet of living space. The different floorplans include anywhere from 1 to 3 bedrooms with a standard master bedroom size of 189 square feet. Generally, the kitchens are 123 square feet, providing plenty of room to prepare a meal for the family, or throw together a banquet-size spread for a few friends at your new home (who knows, maybe you'll even invite over the neighbors for a little meet and greet).

In addition to the building information for 340 E. Randolph, you're probably interested in learning a little bit about living in this incredible building. Like, for example, how much you might expect to pay in assessments and taxes every year? Well, the typical assessments for this charming Chicago residence are $341 per month, in addition to average annual taxes of $1,500 - $4,000.

The price per square foot for units at 340 E. Randolph is $396, with an average square footage of 1261. The smallest properties offer 1081 square feet of living space, while the largest ones encompass 1000 and above square foot floorplans. The standard length of time a unit in this building stays on the market (between listing and closing) is 386 days. Just to give you an idea of the building's residential real estate value today, a 1 bedroom unit sold for $489,000 around 08/30/2007. The average listing price of a home at 340 E. Randolph is $649,000, and there are currently few 1-bedroom units available at this spectacular new resi9dntial high-rise.