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3-Bed In Michigan Ave's Historic Karpen Building Asks $1.37M

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On South Michigan Ave, between Jackson and Van Buren, there's an undersized, blink-and-you'll-miss-it building. While it may be short in stature, it's long on historic pedigree. The seven-story highrise, known as the Karpen Building, dates back to 1885 and was originally the swank Hotel Richelieu. When it closed ten years later, the building was purchased by the Karpen brothers, who made it home to the family's furniture store. But we digress... About to embark on another residential chapter with five luxury units, here's a model 3-bed unit on the 5th floor, listed at $1.37M. Inside, space is generous and flows effortlessly from the kitchen into the living area, until terminated by three huge windows overlooking Grant Park. We're also fond of the white columns, which gently allude to the building's structural features. The 2,650-square foot home will boast hardwood floors, a private elevator, and french doors. Deeded parking? It'll cost you an extra $45K.
·Listing: 318 S. Michigan, Unit 500 [Baird & Warner]
·Designslinger: Karpen Building [Designslinger]