A nearly 50% price cut on a new Streeterville penthouse

Last April Unit 4701 at the ParkView Condominium, 505 N McClurg Ct in Streeterville, was listed at $1,681,500. It was reduced to $1.3M in July of this year and has just been reduced again to $870K.

The unit is a true penthouse with 3 bedrooms, 2 ½ baths, 2,690 square feet of living area and a 900 square foot 47th floor terrace. There are 10 foot ceilings, floor-to-ceiling windows and spectacular south, west and north views from the two corners of the home. Two parking spaces are included in the price of the unit, which is being sold as undeveloped space.

You can see some of the south and north views in the above video, which was shot from a 42nd floor unit. You'll see the view north from the 37th floor in this video:

And in this video you'll see the pool and the park at ParkView:

In the following video, shot nearly 3 years ago, I invited developer Dan McLean to give me a sales pitch for ParkView, which he called "Chicago's best new building."

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