Momo

About the Building

The first question that most homebuyers have when they encounter this new development is, “what does MoMo mean?” Modern Momentum is the acronym that this building stands for, and this impressive residential development will be just that. Located next door to the iconic Chicago Theatre in Chicago's Loop, MoMo promises to be one of the most desirable places to live in Chicago’s downtown Loop. A few floors above street level, there will be a large opening, which will break up the solid mass of the building’s base, so in effect the building will actually stand on two legs. When it is completed in 2008, MoMo will feature 174 separate condo units spread out over 31 floors.

MoMo is a striking development offering units with a number of different layouts and an average of 834 square feet of living space. Most of the floorplans include 1-bedroom residences with an average master bedroom size of 168 square feet. Typically, the kitchens are 90 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 280 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. MoMo 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 that will be one less thing for you to worry about when preparing for the move.

In addition to the basics of the building, you probably want to know how much you can expect to pay annually in assessments and taxes. Well, the average assessments for this sought-after Chicago residence are $349 per month, on top of taxes that typically cost between $1,500 and $4,000 per year. The price per square foot for property at 151 N. State is $403, with an average size of 834 square feet. The smallest units offer 834 square feet of living space, while the largest ones encompass 834 square foot floorplans. The standard length of time a unit in this building stays on the market (between listing and closing) is around 60 days. There are currently few 1-bedroom residences available in MoMo, with an average listing price around $336,900.