Water Tower Place

About the Building

The name "Water Tower Place" means one thing to most people: shopping. But the high-rise at the foot of Michigan Avenue in Chicago's Streeterville neighborhood contains more than just department stores. Located at 180 E. Pearson, this 74-story skyscraper contains 260 separate condos with fee/leased parking for residents with vehicles. The tower was built in 1976 and it remains one of the most prestigious residential buildings in all of Chicago.

Water Tower Place is a striking development offering units with a number of different layouts and an average of 2268 square feet of living space. The various floorplans include anywhere from 1 to 3+ bedrooms with an average master bedroom size of 208 square feet. Typically, the kitchens are 130 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 308 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. Water Tower Place 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 start scoping out the perfect new spot for your furry friend's water bowl.

In addition to the building basics, you probably want to know a bit about how much can you expect to pay in annual assessments and taxes. Well, the average assessments for this sought-after Chicago residence are $1,791 per month, on top of taxes that typically cost $20,810 per year. And just to help you weigh out the nuts and bolts of purchasing a piece of real estate here, as opposed to some other building, we've compiled the most up-to-date data to suffice a comparison.

The price per square foot for property at 180 E. Pearson is $969, with an average size of 2,268 square feet. 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 Water Tower Place, with an average listing price around $2,199,000.