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Chicago, IL

659 W Randolph St #1416

$489,000
2 bd • 2 ba • 1,230 sf

This analysis was generated by artificial intelligence on 1/14/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

List Price

$489,000

Price/Sq.Ft

$398

Year Built

2008

AI Property Analysis

A comprehensive evaluation of this property's features, market position, and investment potential.

The Good

Located in the heart of the West Loop, this 2-bedroom, 2-bathroom condo offers a prime location with easy access to top dining spots, public transit, and the highway. The property boasts a modern design with floor-to-ceiling windows, a south-facing balcony with stunning city views, and an open-concept living area. The building includes amenities such as an outdoor pool, gym, and entertainment room, making it an ideal urban oasis.

The Bad

The property is priced above its estimated market value, which could be a concern for buyers focusing on investment potential. Additionally, the area is known for high property taxes, which could impact overall affordability.

The Ugly

Being in a flood zone, albeit minimal, could lead to higher insurance costs and potential future issues. Buyers should investigate flood insurance requirements and costs.

Who is this property for?

These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.

Best For

This property is ideal for young professionals or couples who prioritize urban living, enjoy amenities, and value proximity to restaurants and nightlife. It's also suitable for those seeking a vibrant neighborhood with a strong sense of community.

Not For

This property may not be suitable for families seeking a large yard or those looking for a quieter, suburban lifestyle. Buyers needing more space or concerned about flood risks might want to look elsewhere.
Demographics
Area Median Income

$139,063

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Risk Assessment

Risk Analysis

Potential buyers should consider the implications of being in a flood zone, even if minimal. The high property taxes in Chicago are another factor to consider. Market volatility and the possibility of the property being overvalued should also be assessed.

Financials

Monthly Costs

Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Stats in the Area

Average Price

$605,417

23.8% above list price

Median Price

$615,000

Based on 6 recent sales

Price per Sq.Ft

$477

Comparable Properties

234 W Polk Street #4103, Chicago, IL 60607
Price: $735,000
Sq.Ft: 1,263
Beds/Baths: 2/2
$/Sq.Ft:
$58246.4%
Sale Date: 12/2/2024
324 N Jefferson Street #204, Chicago, IL 60661
Price: $615,000
Sq.Ft: 1,400
Beds/Baths: 2/2
$/Sq.Ft:
$43910.5%
Sale Date: 1/7/2025
500 W Superior Street #1611, Chicago, IL 60654
Price: $580,000
Sq.Ft: 1,256
Beds/Baths: 2/2
$/Sq.Ft:
$46216.2%
Sale Date: 11/18/2024
234 W Polk Street #4009, Chicago, IL 60607
Price: $740,000
Sq.Ft: 1,223
Beds/Baths: 2/2
$/Sq.Ft:
$60552.2%
Sale Date: 11/12/2024
939 W Madison Street #301, Chicago, IL 60607
Price: $555,000
Sq.Ft: 1,300
Beds/Baths: 2/2
$/Sq.Ft:
$4277.4%
Sale Date: 11/20/2024
440 N Wabash Avenue #3509, Chicago, IL 60611
Price: $407,500
Sq.Ft: 1,171
Beds/Baths: 2/2
$/Sq.Ft:
$34812.5%
Sale Date: 11/11/2024

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