Montgomery

About the Building

This impressive skyscraper was built in 1972 and it served as the Chicago home to Verizon; however, in 2004 the building underwent major reconstruction and was converted entirely to residential use. Now, The Montgomery houses 250 separate condo units that are spread out over 28 floors. Assigned/deeded parking is available to accommodate residents who own their own vehicles. In addition to the well-maintained craftsmanship of the building, this River North dwelling offers several different layouts with varying numbers of bedrooms and unit size.

On average, the residences in this building provide 918 square feet of living space. The choice of floorplans include anywhere from 1 to 3+ bedrooms, which can range in area from 132 square feet to 154 square feet. But home isn't only about where you lay your head at night-the rest of the place is just as essential when looking for that perfect abode. The cook in the household will find the kitchens here are divine, covering 99 square feet of the entire unit. That's enough room to whip up a delicious five-course meal for the occasional dinner party, which can be hosted in the 241 square-foot dining room. In addition, there's a large 260 square-foot living room in which to let your guests roam around and not worry about ever bumping elbows.

In addition to the unit basics, you'd probably like to know a bit about how much you might expect to pay for a place like this in River North. Of course, the numbers are subject to change depending on the particular unit, but the average is $458,900. The latest 1-bedroom place to sell went for $380,000 around 10/31/2006. Now, on top of the asking price, it's important to think about the added expenses residents need to pay in taxes every year. For property in this building, the taxes generally cost $4,682 annually, so factor that in when calculating that mortgage rate.