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801 S Plymouth Court, South Loop, Chicago, IL 2015 Market Report

By
Real Estate Agent with Berkshire Hathaway HomeServices Koenig Rubloff Realty Group - Chicago, IL

 

The Terraces, 801 S Plymouth Ct, South Loop, Chicago, IL 60605

The Terraces at 801 S Plymouth Court sits at the entrance of Dearborn Park in the heart of the South Loop. The Condominium/Townhome complex gets it's name from it's distinct stair-stepped terraces on the corner units of the condominium tower. Built in 1983, the complex is comprised of the 11-story, 198 unit high-rise condominium building attached to and built above 22 townhomes. The condos and townhomes sit above a 2 level parking garage.

 

Condominium floor plans include 1, 2 and 3 bedroom units. Condo assessments cover common insurance, basic cable service, Internet, removal of snow and leaves, exterior maintenance and trash pick-up. Amenities in this pet friendly building include an evening doorman, package receiving, coin laundry, a bike room* and a hospitality room*.  Management is on-site Monday-Friday.

 

Townhomes at The Terraces, Chicago, IL  60605

Townhomes have a two level, 2 bedroom floor plan and feature front patio spaces. Townhome assessments cover water, basic cable service, Internet, removal of snow and leaves, and trash pick-up.  Townhome owners also have access to the condominium's bike room* and hospitality room*.  Undeliverable packages can be held in the condominium building's receiving room for later pick-up.

 


Photo of townhomes.                
Tower in background is 899 S Plymouth Ct
which is not attached to or a part of The Terraces.

 

 

2015 sales included nine condo units and one townhome. Sales price-to-list price ratios averaged 96% of list price and 94% of the original list price.  Days on market averaged 65 days.

Terraces, 801 S Plymouth Ct, So. Loop, Chicago, IL  60605

Condominium sales:

Six 1-bedroom units

  • Average sold price - $183,417

  • Average market time - 41 days

 

Three 2-bedroom units

  • Average sold price - $314,725

  • Average market time - 45 days

 

Townhome sale:

2-bedroom unit

  • Sold price - $420,000

  • Market time - 7 days

 

*Fees:                                          

Bike Room--paid annually            
-condo owners-$25            
-townhome owners-$50

 

Hospitality Room--paid per use                      
-$50 + $100
 refundable deposit 

(same fee for both condo and townhome owners)

 

 

For current information about condos and townhomes at The Terraces or other 
South Loop buildings, please visit my website at ChicagolandCondosandHomes.com.  

 

 

 


Information in this market report is from the local Multiple Listing Service, Midwest Real Estate Data LLC, (MRED), and is deemed reliable but not guaranteed. It does not include properties sold For-Sale-By-Owner, (FSBO), or any other private sales not reported to MRED.

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Karen Winters, Broker Associate
Berkshire Hathaway HomeServices
KoenigRubloff Realty Group
1800 N Clybourn, 2nd Fl
Chicago, IL  60614
Office:    312-268-2753
Mobile:  312-725-4498

Email:  kwinters@koenigrubloff.com

Website: ChicagolandCondosandHomes.com

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