740 S Federal Street #902 Chicago, IL 60605

This terrific studio makes a great place to land in the city. Just south of the Loop, close to the Lake, easy walking/rolling/biking/transit and access to the Drive and all of the expressways, it's the perfect location to get anywhere you want to be. Just walk out the door, and you are surrounded by restaurants, taverns, shops and services. It's a walker's (99), transit rider's (100) and biker's (89) Paradise. The building has an exercise facility open 24/7 and a laundry on the first floor. Below is a huge parking garage spanning two blocks with rental spaces. The condo itself is on a high floor, so it gets plenty of reflected light from the building next door. Gleaming manufactured wood floors extend throughout the unit. The bathroom was fully renovated with porcelain tiled walls extending to the ceiling in the toilet/tub room which is separate from vanity with a stone countertop and undermounted sink set into a roomy cabinet. The kitchen dates from the original conversion with an oven/range and newer refrigerator and dishwasher. Recessed lighting is in the main room and track lighting is in the long hallway. There are three big closets: the walk-in near the bath, a long closet in the entry foyer and a utility closet with the newer hot water heater and the HVAC system. It has plenty of extra storage space in that closet as well. A pantry closet is in the kitchen with floor to ceiling shelves. Many Universities and schools are close by: Columbia College, Roosevelt University, DePaul University downtown campus, University of Illinois Law School, the Art Institute School and others. It's also easy to hop an express bus to the University of Chicago to the south. The Riverwalk has opened from Harrison to Polk, and the city is working on extending Wells St under the Roosevelt Bridge to connect this neighborhood with Chinatown. The seller will pay the special assessment which paid for the redecorating of the interior corridors, facade repairs and a complete renovation of the fitness center so all of the machines should be up to date. With rents skyrocketing in the city, at this price, you can live at a lower monthly cost and not worry about ever increasing rent hikes. You need to live in your unit for 2 full years before renting it, but after that, renting is just fine.