Monday, April 08, 2024

Condo rental views from 340 on the Park, Lakeshore East


40th floor balcony views at 340 on the Park in Lakeshore East, downtown Chicago (all photos Eric Rojas, Broker, Kale Realty)

It's hard to place a value on great views... unless you are at 340 on the Park in Lakeshore East

Our clients viewed a rental condo unit at 340 on the Park, 340 East Randolph Chicago IL 60601  at Lakeshore East last week... and caught the only peek of sunshine all week! The views and location are spectacular. Rents for a condo unit in the building over the last 12 months have ranged from $3,300/ month to $16,500/ month.

25th floor amenity deck views from 340 on the Park.

Amenity deck views of Millennium Park and Michigan Avenue skyline

Motivation Monday! I would even get on the elliptical for these Lake Michigan views.

Downtown condo rentals (owned by an individual in a 100% condo building that is allowed to be leased to a tenant) are often desirable to high-end renters.  They seek a more predictable condo association environment of longer term owners and less turn-over of neighbors. There are certainly well run 100% rental buildings with great amenities. However, anecdotally speaking, the building will be more transient with constant move-in and out tenants. High-end condo renters may also choose to negotiate and communicate with the condo owner/ landlord rather than a large rental office management company. 

To purchase, sell or rent condos in downtown/ Loop locations please contact us for our recommendations and resources. 

Eric Rojas, Broker
Kale Realty
2447 N Ashland, Chicago IL 60614

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