New listing at The Chandler!

09682191_1450 East Waterside #2211 – CHICAGO, Illinois

Offered at $815,000

  • Property Type Attached Single
  • Bedrooms 2
  • Bathrooms 2.1
  • Year Built 2007
  • Total Rooms 5
  • Assessments $720
  • WaterFront Yes
  • Township SOUTH CHICAGO
  • County Cook

Enjoy protected views of Lake, Navy Pier, River and City. Designer 2 bedroom/2.5 bath includes hardwood floors, upgraded kitchen, s/s appliances, granite, marble, w/d, crown molding, marble entry & balcony. Luxury high rise w/24 hr door staff, 2 sundecks, enclosed rooftop pool, outdoor hot tub, fitness & party room. New award winning neighborhood steps from lake, Parks, Loop & shopping. Parking space included in price

  • Living Room Size 14X23
  • Dining Room Size COMBO
  • Kitchen Size 9X9
  • Master Bedroom Size 16X13
  • Approx. Square Footage 1,450
  • Grade School #299
  • High School #299

CONTACT INFORMATION
Ginger Menne · Baird & Warner · (312) 274-3929

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Just Closed at the Lancaster!

201 North WESTSHORE #908 – CHICAGO, Illinois

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The Lancaster

Offered at $615,000

  • Property Type Attached Single
  • Bedrooms 2
  • Bathrooms 2.1
  • Year Built 2005
  • Total Rooms 4
  • Assessments $688
  • WaterFront Yes
  • Township SOUTH CHICAGO
  • County Cook

Superb location & lake views make this stylish 2bdr/2.5bth a great buy. Steps from Mill Park, loop, lake & shopping. Fantastic floor plan with windows in kitchen,cherry hrdwd flrs, master bath w/ separate shower, jacuzzi tub & heated floors, en-suite 2nd bth, organized closets, wiring for surround sound, w/d & balcony. Amazing building includes lounge,fitness,24hr doorman. Enjoy music, fitness,airshow,fireworks & social events on sundeck exclusively at the Lancaster! One parking space included.

  • Living Room Size 21X15
  • Kitchen Size 12X9
  • Master Bedroom Size 15X13
  • Approx. Square Footage 1,295
  • Grade School #299
  • High School #299

CONTACT INFORMATION
Ginger Menne · Baird & Warner · (312) 274-3929

Lakeshore East Special Assessment Information

(Reposted fromhttp://www.neweastside.org/LSEassessment2.html)
Background  (This information prepared in 2013 by the 340 On The Park Finance Committee)
 
Ever wonder about the extra property tax we all pay for the “Lakeshore East Special Assessment”? We looked into it, and would like to pass along what we learned.
 
History
In November 2002 the Chicago City Council passed an ordinance authorizing the city to issue a series of three municipal bonds totaling $58.9 million to build out the infrastructure of what has become known as Lakeshore East. The bond series was to be paid back by residents of the neighborhood over thirty years.
 
Now after 11 years, one of those bonds has matured; the second has 9 years to go, and the third has 19 years to maturity. The blended interest rate on the two outstanding bonds is about 6.7%. All three bonds have a pre-specified pay-down schedules such that the individual tax bills paid by neighborhood owners do not change much over time, despite the sequential payoff of the bonds. Please see the attached Appendix for more details on the bonds.
 
Our Share
340 On The Park was allocated responsibility to repay 8% of the total bond issue. Each owner in our building shoulders a pre-specified portion of this obligation in proportion with his or her unit’s fraction of ownership of our common areas. The fractional ownership is recorded in our association’s Declaration, and will not change over time.
For more information on this topic see these links: