March 17, 2011 - Yesterday we told you about some Chicago condos that were for rent at Trump Tower. If you thought those units were pricey, Frankel&Giles is also marketing a couple of condos at the Elysian on 11 Walton Street that even have Trump beat on rates.
One condo is a 3 bedroom, 3.5 bath half-floor residence with 3,750 square feet of living space. It comes with an eat-in kitchen, seperate dining room, two terraces, walk-in closets and an extra room in the master bedroom that can be used as an in-home office. Hardwood floors, spa baths, stainless steel kitchen appliances from Miele,Viking, Wolf and SubZero are standard. Building amenities include 24 hour room service, 24 hour doorman, maid service, concierge service and access to a 14,000 square foot health club and spa. Pets are welcome with some restrictions. The monthly rental rate is $13,500. Indoor valet parking for two cars will add $500 per month.
The other condo for rent at this luxury Chicago real estate development is a 3 bedroom, 4.5 bath half-floor unit with 4,000 square feet of living space. This Elysian condo comes with an upgraded kitchen with double oven, wine cooler, pantry and island. There is also custom lighting and a custom sound system. The monthly rental rate for this condo is $14,000 and that includes one indoor parking space.
With rents on Chicago apartments expected to rise anywhere from 7% to 10% this year, you may want to lock in a lease sooner rather than later.