Farallon

About the Building

The Farallon is one of the better-known high-rise condo developments in the River North neighborhood, offering spacious units, quality construction and all the amenities you need to live in comfort and style. Built in 2001, this 22-floor high-rise affords incredible cityscape views of Chicago, and most of the units come with spacious balconies, which is a perfect place to unwind on summer nights. From the individual unit features to the useful building services and facilities, this site is a homeowner's dream.

The units come in a number of layouts and offer residents a range of pricing to suit all family sizes and budgets. Generally speaking, the price per square foot for property at 600 N. Dearborn is $337, with an average square footage of 590. The smallest units offer 550 square feet of living space, while the largest ones encompass 600 square-foot floorplans. The maximum number of bedrooms available in this building is 3 which can be 200+ square feet in area. On the other hand, if you don't need a lot of room, there are studio units that are 132 square feet.

The standard length of time a unit in this building stays on the market is 91 days, although some take as long as 245 days to sell. Currently, there are few studio residences available at 600 N. Dearborn. The average listing price for these units is $214,900 and the average sale price is $193,333. To give a better idea of the going rate for property in this particular building, a studio here went for $204,000 in August of 2007. In addition to the price of the units themselves, it is always helpful to know how much you're going to have to pay in taxes and assessments to live somewhere. For this River North residential building, homeowners generally pay $2,086 per year in taxes and an average of $255 in assessments each month.

One more thing, in case you have a little furry friend at home who is planning on making the move with you-this building welcomes pets. So go ahead and pack up the toys, leashes, litter boxes, and food dishes because Fido or Fluffy may just become the newest four-legged neighbor at 600 N. Dearborn St.