How to Purchase a Condo at 1464 S Michigan Avenue: Step-by-Step Guide
Purchasing a condo can be an intimidating endeavor, but fear not, dear reader! We’ve compiled a step-by-step guide to help you navigate the process of buying a condo at 1464 S Michigan Avenue.
Step One: Determine Your Budget
Before you start scrolling through listings and touring properties, it’s crucial to determine your budget. Consider what type of monthly mortgage payment will comfortably fit into your finances and take into account additional expenses like closing costs and potential homeowner association fees. Stick to your budget and remember that you don’t want to be house poor.
Step Two: Find a Real Estate Agent
Working with a knowledgeable real estate agent can make all the difference when it comes to finding the perfect condo. Look for an agent who has experience working in the 1464 S Michigan Avenue area and who understands your wishlist for features like square footage, number of bedrooms and bathrooms, views, amenities etc. Let them know about any deal breakers so they show you only what’s relevant to you.
Step Three: Shop Around
Once you’ve found an agent that matches well with your goals check out condos within your price range while keeping location preference in mind.You’d want a view worth seeing on high rise buildings around this property.While looking at different properties take notes on each one so after viewing multiple homes earlier on, detail might get muddled in memory so jotting down key information can help keep everything organized throughout the decision-making process.
Step Four: Make an Offer
Now that you’ve found ‘the one,’ it’s time to submit an offer.The real estate agent will aid in drawing up necessary paperwork till negotiations go through.Confirm also if there is any required verification needed upon purchase or terms should things arise
Step Five: Secure Financing
Once negotiations have concludedfavorably both parties agreed on terms,it’s time to secure financing.Mortgage lenders may look at previous performances before granting approval.A pre-approval can help speed up the process and increase your chances of being approved for financing.
Step Six: Inspection
Now is time to evaluate the current state of the condo.The inspection will eliminate any potential areas which could arise later on It is recommended to have a professional inspect in addition to anything found during viewing.Similarly, note that inspections take times so ensure you make allowance.
Step Seven: Closing
Closing day has arrived! All the necessary funds (down payments, closing costs) must be compensated with cashier checks prepared previously by wire transfer.After funding transfer from buyer’s account closes and all documents signed Title Company hands over keys to the new owner.
In Conclusion:
Purchasing a condo at 1464 S Michigan Avenue does not have to be daunting. By covering each step thoroughly, consulting with professionals, remaining organized through documentation comes easy.Direct clear communication with real estate agent &Title company makes transaction smooth throughout as it navigate you through every level including possible deals which can quickly become complex otherwise.Happy house hunting!
Frequently Asked Questions About 1464 S Michigan Avenue Condos
If you’re considering purchasing a condo at 1464 S Michigan Avenue in Chicago, it’s natural to have some questions about the property. Luckily, we’ve compiled a list of frequently asked questions to help you make an informed decision.
1. What amenities does the building offer?
1464 S Michigan Avenue offers a variety of amenities such as a 24-hour doorman, fitness center, bike room, storage lockers, and an outdoor terrace with grills and amazing views of the city.
2. Are pets allowed in the building?
Yes, pets are allowed in the building with some restrictions and guidelines.
3. How much are HOA fees?
HOA fees for this property vary depending on the unit size and are determined by square footage. The monthly fees cover things like maintenance costs for common areas, security services, and other essential services.
4. Is parking available in the building?
Yes. There is garage parking available at an additional cost per month for residents.
5. Can I rent out my unit or use it as short-term rental/airbnb?
Yes, but there may be restrictions based on local laws or condominium rules set forth by the association board of directors that require specific permits or permissions from certain parties before renting out any kind of space within the building.
6. What types of units are available at 1464 S Michigan Avenue?
There are a variety of unit sizes offered within this high-rise building ranging from studios to larger two-bedroom apartments with balcony access overlooking beautiful Lake Michigan
7. Is it near public transportation?
The condo is conveniently located near public transportation including CTA bus stops along Michigan Ave., and trains via Red Line station(s) which provides easy access northbound towards downtown Loop or southbound towards Hyde Park/Kenwood/South Shore neighborhoods.
8. What is the surrounding area like?
The South Loop neighborhood is filled with plenty of attraction points such as museums (Field Museum), Grant Park, and Soldier Field. You will also find various dining options and grocery stores within walking distance of the building.
9. Who is responsible for maintenance?
The condominium association oversees all exterior maintenance and upkeep of common areas while residents are responsible for maintaining their units with regular inspections conducted on a quarterly or annual basis depending upon condo board regulations.
We hope that these questions have shed some light on what it’s like to live in 1464 S Michigan Avenue condos. If you’re interested in taking your next step towards owning one of these luxury properties, our team at (insert real estate brokerage name) can help you navigate the buying process!
Top 5 Facts You Need to Know About Living at 1464 S Michigan Avenue Condos
When it comes to finding the perfect place to live, there are a few things you need to keep in mind. Location, amenities, and community all play a significant role in determining whether or not a certain area is ideal for you. Luckily, if you’re considering living at 1464 S Michigan Avenue Condos, we’ve got you covered! Here are the top five facts you need to know about this amazing location.
1. The Area is Booming
The Near South Side of Chicago has recently undergone a massive transformation. With new developments popping up left and right, the area has become one of the hottest spots for young professionals and families alike. This means that living at 1464 S Michigan Avenue puts you right in the heart of an exciting community that’s constantly evolving.
2. The Amenities are Top-Notch
The condos themselves offer some incredible amenities that will make your life easier and more enjoyable. A state-of-the-art fitness center means you can get your sweat on without having to leave your building; while an outdoor pool allows for refreshing swims during warm weather days. Additionally, there are ample gathering spaces where residents can socialize and relax.
3. You’ll Have Easy Access To Public Transportation
For those who prefer not to drive or have easy access around town without spending much on transportation fees, another remarkable benefit about living at 1464 S Michigan Avenue is its proximity both walking distance Union Station with direct fares that span throughout Illinois and Indiana as well as several lines running from Roosevelt Station including CTA red line which runs north-south through Chicago.
4.The Building Is Seriously Secure
Living safely should always be one of your top priorities; therefore choosing 1464 South Michigan way certainly helps ensure this though upscale features security hounds cannot get past within this gated residence like restricted floor access via elevators only approved tenants possess physical directory lists full-time security personnel patrolling grounds day/night keeping eye out for suspicious activity alertness 24/7 individual balcony entries secured if a resident installed an alarm system, safety is definitely valued at these condos!
5. The Views Will Take Your Breath Away
Last but not least, the stunning views from your new home are worth mentioning too! From the higher floors, you’ll be able to take in breathtaking panoramas of both Chicago’s skyline and Lake Michigan. Imagine sipping coffee or wine on your very own spacious balcony watching the sun rise and set over Chicago.
All in all, it’s no secret that living at 1464 S Michigan Avenue Condos has tons to offer. It may just be the right move for your next big step in life!
Benefits of Owning a Condo at 1464 S Michigan Avenue: A Comprehensive Overview
Owning a condo at 1464 S Michigan Avenue can be an excellent investment for anyone looking to enjoy the best that Chicago has to offer. Situated in the heart of the city’s bustling South Loop neighborhood, this luxurious residential tower features spacious and modern living spaces, world-class amenities, and spectacular views of Lake Michigan and downtown Chicago.
One of the key benefits of owning a condo at 1464 S Michigan Avenue is its prime location. This chic residential tower is located just steps away from some of the city’s most popular attractions, including Soldier Field, Grant Park, Museum Campus, and countless dining and entertainment options on nearby State Street. With easy access to major highways and public transportation hubs like Union Station and LaSalle Metra Station, residents can quickly reach other parts of the city and beyond.
Another advantage of owning a condo at 1464 S Michigan Avenue is its array of impressive amenities. The building offers its residents an indoor pool with stunning lake views, a fitness center equipped with state-of-the-art equipment, a residents’ lounge perfect for entertaining guests or hosting community events, as well as an outdoor terrace boasting uninterrupted vistas over Lake Michigan.
In addition to its beautiful amenities and convenient location close to everything that Chicago has to offer, 1464 S Michigan Avenue sets itself apart through its stylish design elements. Each unit has been thoughtfully designed with high-end finishes such as hardwood floors throughout living areas while bathrooms boast radiant heated floors making them comfortable during colder months highly sought after by buyers who appreciate superior build quality.
Lastly, owning a condo at 1464 S Michigan Avenue means having access to dedicated customer service representatives who are committed to ensuring that each resident’s needs are met promptly throughout their stay in this beautiful building – whether it be via direct support or online portal available 24/7 helps ensure any maintenance issues are efficiently handled.
All things considered; investing in a reputable luxury development such as 1464 S Michigan Avenue presents buyers the opportunity to own a sophisticated contemporary condo with breathtaking views and ample amenities unique only to this location. So why not indulge in the luxurious yet functional lifestyle at 1464 S Michigan Avenue and start living life on the South Loop’s waterfront.
The History and Architecture of the Iconic 1464 S Michigan Avenue Building
The building located at 1464 S Michigan Avenue in Chicago is hailed as one of the city’s architectural gems. This iconic structure, which originally served as a commercial and manufacturing hub, has a rich history steeped in design innovation and ingenuity.
Built in 1902 by renowned architect Frederick Baumann, the building was initially occupied by the Benjamin Moore Company. During this time, it functioned primarily as a factory and warehouse for paint manufacturing operations. However, after several years of use, the property underwent a significant renovation to make way for new tenants.
One of its earliest occupants was the Zero Refrigeration Company, which used its massive floorspace for producing refrigerators on an industrial scale. Subsequent decades saw the building transformed into office space for companies such as Kraft Foods and Playboy Enterprises Inc., with an array of other businesses utilizing it for warehousing and storage purposes.
But perhaps what sets this historic structure apart from other buildings is its striking design elements. The exterior façade features Romanesque Revival-style architecture with brick walls divided by large rectangular windows fitted with decorative iron grills that give it a unique look. The roofline boasts impressive details including intricate cornices and ornate dormer windows that speak to Baumann’s remarkable craftsmanship.
Inside 1464 S Michigan Avenue is equally impressive; each floor is expansive with polished hardwood flooring and high ceilings that allow plenty of light to filter through every corner. The exposed brick walls lend to its industrial aesthetic while providing excellent insulation properties against harsh weather conditions during colder months.
In recent years, 1464 S Michigan Avenue has experienced yet another transformation – this time into luxury apartments that serve modern-day residents seeking an urban lifestyle at one of Chicago’s most iconic addresses.
What makes 1464 S Michigan Avenue so timeless is not just its historical significance but also its capacity to evolve over time without losing its original charm or beauty – hallmarks of great design. Few buildings in Chicago can boast a more impressive architectural pedigree, and this gem on Michigan Ave. rightfully takes its place as one of the city’s most iconic buildings.
Amenities and Features of 1464 S Michigan Avenue Condos That Set Them Apart from Other Chicago Residences
Chicago is known for its stunning cityscape, world-class restaurants and a buzzing cultural scene. However, the Windy City becomes even more alluring when you consider its luxurious living spaces. One such complex that sets itself apart from other residences in the city is the 1464 S Michigan Avenue Condos.
This stunning new development offers an array of amenities and features that fuse together to create a sophisticated lifestyle experience that is unparalleled in Chicago. Let’s dive into some of the compelling aspects that make these condos stand out.
1.
From one-bedroom units to four-bedroom penthouses with sprawling terraces, 1464 S Michigan Avenue Condos offer a range of floor plans to suit different lifestyles, budgets and preferences. The condos have been designed to maximize natural light exposure while providing ample room for entertaining guests, working from home or just lounging around on weekends.
2.
One standout feature of this luxury condominium building is its top-quality finishes such as sleek hardwood flooring, marble countertops and custom oak cabinetry subtly crafted into each unit’s design. Every detail has been thoughtfully considered so residents can live comfortably amidst high-end finishes throughout their home.
3.
When it comes down to amenities at 1464 S Michigan Avenue Condos quality is not sacrificed over quantity. Imagine waking up every day feeling like you’re on vacation with exclusive access to fitness centers featuring modern equipment for residents who wish to stay fit and healthy while saving time getting ready by having your gym only an elevator ride away!
4.
For those seeking relaxation after long workdays or weekends exploring the bustling city streets, solace can be found in either the private outdoor terrace or take pleasure in relaxing at indoor lounges paired with floor-to-ceiling windows overlooking sweeping views of Lake Michigan and The Chi skyline!
5.
Indulge yourself in exquisite culinary creations at state-of-the-art kitchens inside these Chicago condos, complete with high-end stainless steel appliances using unique innovations guaranteed to elevate your cooking experience. Make use of your gourmet kitchen and throw a dinner party to impress your guests, you’re bound to be the talk of any gathering.
Taking into account all these 5 facets that make 1464 S Michigan Avenue Condos so desirable, it is clear that this development is incomparable in Chicago’s real estate market. If luxury living in the heart of one of America’s most iconic cities is what you seek then this elegant community might just be the perfect place for you.
