About 340 on the Park
Chicago has long been one of America's most iconic cities, and unlike other hotspots like New York or Boston, one of the things Chicago has going for it is that there's still room for new residential development. The Windy City's 'New' Eastside is the perfect example of this, and the Lakeshore East area is home to 4 skyscraper condo developments that make well-appointed condo living in Chicago an affordable reality for many new first-time homebuyers. 340 on the Park is one of these developments, and anyone interested in buying a condo in Chicago should take a long look at 340 On the Park condos for sale.
Chicago's 'New' East Side has seen impressive and much-needed redevelopment over recent years, and the way the Lakeshore East area has been reborn is particularly noteworthy. It's a shining example of smart and progressive urban design and development, and as the neighborhood has taken shape with everything a Chicago urbanite could want it has made Lakeshore East a popular choice for those inclined to choose condo living in the city. As you might expect, new condominium buildings in Chicago like the Chandler are popular with young working professionals and couples, and the number of Chandler condos for sale will definitely appeal to prospective first-time homebuyers who are of a similar demographic.
Browse 340 on the Park Real Estate Listings
Browse 340 on the Park Real Estate Listings
About 340 on the Park Condos
As you might expect, new condominium buildings in Chicago like 340 On the Park check all the boxes for young working professionals and couples, and the number of Lakeshore East condos for sale will definitely appeal to prospective first-time homebuyers who work in the city but want a more affordable home that's better situated too.
340 On the Park is located at 340 East Randolph Street in Lakeshore East. and it's an attractive 62-storey building with a vertical-line orientation and representative of simplistic modern design. Each unit will have scenic views of nearby Millennium, Grant, and Lakeshore East Parks and soaking them up from the privacy of your deck is a popular activity for building residents on warm summer days and evenings.
Refer to materials on 340 On the Park Condos for sale and you'll see that the building has one, two, and three bedroom suites, along with a few spacious 3-bedroom plus den units that are great for a small family that also needs a home office. The 340 is also a LEED certified building, which is a reliable attestation to the quality of the build and its premise for aging well.
340 On the Park also features a very attractive terraced entryway, and:
- Outdoor winter garden
- Club room
- 25-yard lap pool
- Sauna and steam rooms
- Hot tub
- Fitness center for cardio and weight training
- Enclosed private underground parking
- Spacious storage areas
- 24-hour doorman service
If that's not convincing enough, many condos in 340 On the Park will also feature modern stainless steel appliances, granite countertops, marble bathrooms, walk-in closets, pantries, and attractive bamboo flooring plus floor-to-ceiling windows. Most are 'open layout' style as well, which is perfect for modern lifestyles.
Life in Lakeshore East, Chicago
Up until just a decade or two ago, Chicago's New Eastside - which encompasses Lakeshore East - was an expansive railyard that had been there for more than a century. Recently this massive parcel of land has become more and more residential with each year. The development boom that began around 2005 has led to skyscraper condo buildings like the 340 being thoughtfully assembled around the expansive, scenic, and tranquil Lakeshore East Park which - quite notably - is the only park in Chicago that offers free wireless Internet!
The 28 acres that make up Lakeshore East are bordered by Wacker Drive to the north, Columbus Drive to the west, Lake Shore Drive to the east, and East Randolph Street to the south. The majority of the newly constructed residential buildings in the area have been applauded for the way they've been smartly and attractively integrated into the overall community.
No doubt scenery and more in the way of peace and quiet are a primary appeal point for Lakeshore East. You're still quite close to downtown Chicago, but the neighborhood doesn't have anything of what most people would associate with an interurban neighborhood.
Lakeshore East makes it so that residents of buildings like 340 On the Park have everything they want or need within walking distance - that's true of shopping, socializing, eating out and nearly everything else you'd prefer to have nearby. In particular, Mariano's Fresh Market is a gourmet grocery store that's found in a number of locations around makes most other grocery stores look pedestrian in comparison.
Lakeshore East Park and Millennium Park are short walks away, with Millennium being literally right across the street. It's a picturesque place and has outdoor events like concerts and outdoor movies. It also has an outdoor skating rink in the winter, and while there won't be any hockey games you're still encouraged to wear your Blackhawks jersey with pride!
The Lakeshore East community is still a work in progress, and the western edge of it will see extensive development in the near future. Most notable of the many features residents will benefit from is a public entryway to Chicago's underground 'pedway' - a network of bicycle-only paths that lead into and out of the city. Avoid traffic and winter weather, getting exercise, and being part of the solution by cycling to work or elsewhere in Chicago is going to sound mighty appealing to many looking at 340 on the Park real estate.
Public transportation is well developed in Lakeshore East. The Randolph / Wabash Brown L-Train station is nearby, as is Lakeshore East's Millennium Station that serves the Metra Electric District to University Park, Blue Island and on to South Chicago. Metra access to other suburbs is also possible through the Ogilvie Transportation Center and Union Station.
In addition to local public schools, Lakeshore East will soon see the GEMS World Academy open a K-grade 5 private elementary school a grade 6-12 private middle / high school in 2 modern-designed towers. The schools will be able to accommodate 2,000 children and will be a welcome alternative for parents who favor a private school education for their children.
Want to learn more about 340 On the Park Condos, Chicago? Contact Leila Zammatta at Magellan Realty and she'll be more than happy to answer every question you may have about both the real estate market and what it's like to live in Lakeshore East, Chicago.
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Chicago Condominiums by Magellan Development LLC
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Listing information last updated on April 7th, 2020 at 11:35am CDT.