55 E Monroe

About the Building

In the 1980s or '90s, most people wouldn't have seriously considered living in Chicago's downtown Loop. Now, it's one of the fastest-growing residential neighborhoods in Chicago. This particular condo development, for example, at 55 E. Monroe is just one residential development in the Loop that offers spacious units, quality construction and all the amenities you need to live in comfort. Located in the Mid-Continental Plaza building, the 49-floor high-rise has been around since the early 1970s, and has 156 separate units with assigned/deeded parking for residents with vehicles.

55 E. Monroe is a striking development offering units with a number of different layouts and an average of 1093 square feet of living space. The various floorplans include 1 and 2 bedroom units, with an average master bedroom size of 168 square feet. The kitchens typically, the range from 80 to 130 square feet, providing plenty of space to cook dinner for the family, or whip up a feast to entertain friends at your new home. And speaking of entertaining, the living rooms in this building are designed with up to 342 square feet of floor space-enough to host small get-togethers, or just lounge around on your own in wide open privacy.

No matter where you live, there are some essential amenities that, in this day and age, we just expect to have. Other features are an added bonus that make the city lifestyle that much sweeter. 55 E. Monroe incorporates the necessities with a touch of luxury from the rooftop aspects to handy building services to the critical elements back in your private abode. Luxury amenities or not, sometimes the most important factor in purchasing a new home is whether or not your four-legged family member can move in with you. This residential building is pet friendly, so start scoping out the perfect new spot for your furry friend's water bowl.

In addition to the basics of the building, you probably want the nitty-gritty behind the facade, too. Like how much can you expect to pay annually in assessments and taxes? Well, the average assessments for this sought-after Chicago residence are $426 per month, on top of taxes that typically cost between $1,500 and $4,000 per year. And just to help you weigh out the nuts and bolts of purchasing a piece of real estate here, as opposed to some other building, we've compiled the most up-to-date data to suffice a comparison.

The price per square foot for property at 55 E. Monroe is $402, with an average square footage of 1093. The standard length of time a unit in this building stays on the market (between listing and closing) is around 60 days. Just to give you an idea of the going rate today for this particular site, a 1-bedroom unit sold for a very competitive price around a month back. There are currently a few 1-bedroom residences available in 55 E. Monroe, with an average listing price around $439,500.