Erie On The Park

About the Building

One of the most recognizable residential buildings in Chicago's River North neighborhood, Erie on the Park is a fashionable and highly-desirable high-rise condo development. Located next to the Chicago River at 510 W. Erie, this beautifully constructed building was completed in 2002, and it’s spacious residences enjoy some of the best skyline views in Chicago. The various floorplans cater to both single residents and families, ranging from studios to 3-bedroom units.

Just to give you the big picture, the units here average around 570 square feet, with the price per square foot at $348. Breaking it down a bit more, the smallest units at Erie on the Park encompass 560 square feet of living area, while the largest ones span 580 square feet. In addition to a varying number of bedrooms, the range of dwellings here accommodate with different sized kitchens, living rooms, dining rooms and family rooms. For example, if you are big into cooking and like to have the counter space to go with your passion, there are 113 square-foot kitchens, not to mention 234 square-foot dining room in which to serve your culinary creations.

In addition to knowing how big the place actually is-and whether you'll be able to fit your sectional sofa in the living room-potential buyers also find it helpful to get the lowdown on the selling history and current trends of properties in the building. Just to make it easy on you, we've compiled all those knit picky facts and figures, so here you go...

The minimum time from the listing date to closing, a unit in this building has been on the market is 139 days; the maximum number of days is 145. Depending on the number of bedrooms, the average market time for a property in this building fluctuates. For instance, a studio in Erie on the Park has typically been up for sale for 214 days before it sells, while a place with 3 bedrooms tends to stay on the market for 145. And to give you an idea of the going rate today for real estate at this particular site, a studio sold for $226,000 in November of 2006.