Metropolis Condominiums

About the Building

The Metropolis Condominiums will be an ambitious renovation of an existing building on Monroe Avenue in the Chicago Loop that has been standing since 1913. When completed, the new Metropolis Condominiums will include 169 separate luxury units that will feature a variety of different floorplans from which residents will enjoy lake and city views.

The units at 8 W. Monroe 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 W. Monroe is $376, with an average unit size of 762 square feet. The smallest units offer 656 square feet of living space, while the largest ones encompass 1290 square-foot floorplans. The maximum number of bedrooms available in this building is 3, each of which can be as large as 170 square feet in area. On the other hand though, if you don't need a lot of room, there are 1-bedroom units that are 132 square feet.

The standard length of time a unit in this building stays on the market is 210 days, although some can take more than a year to sell. There are currently a few 1-bedroom residences available in the Metropolis Condominiums. The average listing price for these units is $279,818 and the average sale price is $280,654. To give you a better idea of the going rate for property in this particular building, a 1-bedroom here went for $232,000 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 Loop residential building, homeowners generally pay between $1,500 and $4,000 per year in taxes and an average of $347 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 W. Monroe.