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Manhattan Building Condo Lists for $495K, Sells for $320K

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You can't count on too many 4-bed condos cropping up at under half-a-mil in the Loop. This one came with its own built-in bargain— it's used for office space at present and lacks the high-end finishes an owner might bestow on a residence. But it's not as if the floorplan was altered or florescent panels were swapped in for chandeliers. We doubt the switch back will be too onerous. So, you've got a respectable 2,250-square-foot dwelling with a 500-square-foot private deck that just sold for $320K (it listed in September for $495K). Consolidating the coup, the unit happens to inhabit the 11th floor of William Jenney's Manhattan Building. Completed in 1891, the 16-story building came closely on the heals of Jenney's Home Insurance Building (demolished 1931), arguably the first modern skyscraper employing steel cage engineering. Facing onto the Harold Washington Library's backside, the deck affords city views to the North and South. So, no matter what the desired alterations, the buyer has a good foundation for success.
·Listing: 431 S Dearborn St. #1103 [Coldwell Banker]
·Manhattan Building [Chicago Architecture Info]