Assessments $288 • 2013 Taxes $2512
Own a piece of history in this Immaculate University Commons loft with garage parking, private balcony and skyline views! Finishes sparkle throughout with stainless steel appliances, gorgeous granite counters and gleaming hardwood floors. In unit washer and dryer. Situated in the Historic South Water Market, this complex is filled with amenities: fitness center, pool, party room and theatre room. Low assessments include internet and cable. Enjoy heated Garage Parking on cold Chicago days. Perfectly positioned with instant access to UIC, University Village, Little Italy, Pilsen, West Loop, Rush Hospital and the entire Illinois Medical District.
- Granite Counters, 42″ Cabinets
- Stainless Appliances + Hardwood Floors
- In-Unit Washer and Dryer
- Private Balcony with Skyline Views
- Custom Window Treatments
- Healthy Association, Strong Reserves
- Pet Friendly
- Roof Deck, Storage, Pool, Party Room, Fitness Center, Bike Room, and More!
- Garage Parking Spot Included
- Monthly Assessment: $287.77
- Assessments include: water, sewer, internet and cable, fitness center, pool, theatre room
- Current Owner Occupancy rate vs rentals: 43% rented currently rented
- Rental limitations and caps: 35% is the goal, although not officially in place
- Pet restrictions: no restrictions, although there is a $125 per dog annual fee
- Current Special Assessments: none
- Amount in Reserves: As of December 2015, $199,002.
- Management Company contact information: Draper and Kramer April Daily 312-666-0019
- Additional Storage and Bike Room
- Move in and out for $500 fee each time + deposit of $250
South Water Market is a designated landmark on the US National Register of Historic Places. Built in the mid 1920’s and highlighted with terra-cotta stone carvings and floral ornaments, the wholesale fresh produce market continuously serviced Chicago for 78 years. It was the city’s primary wholesale food market and virtually all fresh produce came into the Chicago from here. In July 2003, the Chicago Planning Commission granted approval on the sale of the market to The Enterprise Companies of Chicago. They were the only developer whose intent was not to tear down the structures. Papageorge Haymes, a leading urban residential architecture firm led the renovation along with their consultant Wiss Janney Elstner, who meticulously designed a repair and cleaning specification to recondition the beautiful terra-cotta facades which, over time, had become dilapidated. The 6 buildings are named University Commons; The first was occupied in April 2005 and the last building in December 2007. Because of its listing on the National Register of Historic Places in 2004, the new residential tenants are eligible for the Property Tax Assessment Freeze Program, which is administered through the Illinois Historic Preservation Agency.
To schedule a showing or to learn more about this property, give me a shout at firstname.lastname@example.org.