Promontory Cooperative

About the Building

This beautifully-constructed residential high-rise in the scenic south side neighborhood of Hyde Park offers all the modern amenities you need to live in comfort and style in the big city. The building houses 122 separate units with general vicinity parking to accommodate residents who own their own vehicles. In addition to the well-maintained craftsmanship of the building, this impressive Hyde Park condo development offers several different layouts with varying numbers of bedrooms and unit size.

On average, the residences in this building provide 1145 square feet of living space. The choice of floorplans include both 2- and 3-bedroom units, and the bedrooms themselves can range in area from 142 square feet to 238 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 97 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 389 square-foot dining room. And what would a get-together be without a bit of mingling before sitting down to eat? Good thing there's a large 572 square-foot living room to let your guests roam around, and not even have to worry about bumping elbows.

In addition to the unit basics, you'd probably like to know some of the figures behind the fundamentals-more specifically, what's a place like this in the Hyde Park neighborhood of Chicago going to cost? Of course, the numbers change depending on the particular unit, but the lowest listing price in the building is $149,000 and the average is $152,633. The latest 2-bedroom place to sell went for $175,000 in August of 2007. 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 $6,250 annually, so factor that in when calculating that mortgage rate.