SoNo is one of those Chicago real estate developments with a name you can't forget. Smithfield Properties intended for it to be a shortened version of South of North Avenue. The project was originally slated to be a two tower complex, but plans for the second tower were put on hold and only recently has the developer started work on the other tower, which is now going to be a 22 story, 324 unit rental building.
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SoNo, which is located on 860 West Blackhawk Street, stands 28 stories tall and has 199 Chicago condos (link to http://www.bestchicagocondos.com/) Smithfield
Properties held out for a long time and didn't cut prices, but the few remaining unsold condos are now priced anywhere from about 7% to 21% below original prices. As of late 2010 there were around 15 developer units left for sale at this tower, but there are almost always some secondary market condos available. The tower is FHA approved, so qualified buyers can lock in a low interest rate and low down payment.
Some of the unsold developer units at SoNo include a few one bedroom, one bath condos with 796 square feet that are priced in the $240,000s to $250,000s. There are also some one bedroom, one bath units with 905 square feet that run in the $280,000s to $290,000s. There are a handful of two bedroom, two bath condos with 1,416 square feet that are priced in the $390,000s to $420,000s. For the remaining three bedroom, two bath condos that measure 1,656 square feet you can expect to pay in the $480,000s.
An indoor heated parking space will cost from $9,000 to $21,000.
The condos at SoNo come with 9 to 10 foot high ceilings, a balcony or terrace, floor-to-ceiling windows and maple hardwood flooring plus carpeted bedrooms. Pre-wiring is in place for high-speed Internet, cable and phone. Closets come with vinyl coated wire shelving. The kitchens feature stainless steel KitchenAid appliances, double bowl stainless steel sink, granite counter tops and Grohe faucets. The baths have 12 inch marble tile and surround, marble vanity top, 6 foot steeping tub in some units and Grohe faucets.
Building amenities at SoNo include a 24 hour doorman, resident storage lockers and a bike storage room. SoNo is also pet-friendly.
With the tower nearly sold out, it's important to have the most up to date information if you're considering purchasing a condo there. Please contact us and we'll give you the latest pricing and unit availability data.