Top-level penthouse at The Legacy returns with another big price chop

One of the most premier luxury units in Chicago has returned to the market once again, but this time, the sky-high asking price has taken a considerable cut. Located on the 72nd floor of the Legacy at Millennium Park skyscraper along Michigan Avenue, the 5,000-square-foot unit offers incredible, unobstructed views of Millennium Park, River North, and Streeterville.

With dozens of new high-rises on their way to downtown Chicago at the moment, owners of units in some high-end towers have to worry about having their views blocked to some extent. However, due to Legacy’s location near Millennium Park/Grant Park, it’s pretty safe to say that the sweeping views are safe from obstruction. And that’s what you’re paying for here.

The three-bedroom, three and a half bathroom unit listed last October seeking nearly $6 million, or roughly or $1,200 per square foot. However, it returns this week asking $5.495 million. Even with the $500,000 price cut, this one is still quite pricey and the $4,300 monthly assessment and $75,000 in annual property taxes will require some deep pockets.

• 60 E. Monroe Street Unit 7201, Chicago, IL 60603 [Estately]
• 72nd floor penthouse at the Legacy lists for just under $6 million [Curbed Chicago]