It has that elusive city, beach, and infinity view that high-rise owners dream of. Obviously located on the 51st floor, this unit faces directly north, straight up Lake Shore Drive. I like this unit as a studio getaway of 553 square feet that’s currently listed for $194,000 by Baird & Warner’s Pat Cohen. Let’s look at both ends of the market and with 703 units, there’s always something great for sale. Prices are surprisingly affordable with studios starting just below $200,000 while three-bedroom units trade in the $500,000 to $800,000 range depending on renovation. Of course, with over 700 units, many have been combined for larger spaces.
Sizes range from 550-square-foot studios to ~1,800-square-foot, three-bedroom units. It’s a two-block walk to the beach and is a 10-minute taxi to Millennium Park and the Art Institute of Chicago. It’s right on Michigan Avenue in the thick of the city’s tony shopping. The Hancock is in the thick of everything Chicago has to offer. Sure, Chicago winters are unkind, but the summers, when second home ownership has its privileges, offer a plethora of activities to shake off the cold and grey. Completed in 1969, the Hancock Tower is one of the most recognized buildings in Chicago and offers up some surprisingly inexpensive homes with incomparable city and Lake Michigan views. Whereas the tallest residential home in Dallas is a 42nd floor penthouse, the Hancock’s condos don’t start until the 44th floor and continue all the way to the 92nd floor. Does living on the top floor of most high-rises still feel like living in the basement? Chicago’s 100-story John Hancock Center will change all that.
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