by Dave Noble, Real Estate Editor
ELMHURST – Nearly 56,000 square feet of living space, seven full-time employees paid for with your monthly assessments, and breathtaking views of the post office and the Union Pacific railroad tracks are all yours when you purchase “The Hill”, a single-unit, five-story condominium space under construction at 105 S. Cottage Hill in downtown Elmhurst.
At an asking price of $28,000,099, The Hill’s only unit in the building features elevated ceilings, two spacious bedrooms, 1 1/2 baths, and an underground parking garage with ample room to store your automobiles, boats, and Christmas decorations.
There’s a gourmet kitchen, a dramatic fireplace, and high-end details throughout the unit. The master bedroom boasts a private bathroom, a large walk-in closet, and a basketball court.
The rooftop terrace has a swimming pool, a gas grill, and enough room for up to 40 guests. You can gaze upon the 164-unit Opus apartment complex built for those not rich enough to own The Hill, or you can take a mere 60-second trip in your private helicopter over to the top level of the Schiller St. parking garage and then have a nice dinner at Subway or Livia.
This one-of-a-kind condominium is listed by The Schiller Team, a local real estate brokerage group that is developing the property. According to Schiller listing agent Mike Sparrow, the building will be at 100% capacity once someone purchases the unit.
“This is sophisticated, yet comfortable living,” said Sparrow, speculating that the building’s lone resident will often contemplate whether to utilize the elevator or the escalator to reach the doorway of his or her unit. “You won’t find another condo in Elmhurst that has a concierge, easier access to the post office, and is walking distance to Wilder Park, a handful of yoga studios, and singles bars like The Club and FFC.”
While the property taxes have not yet been established, Sparrow believes that the $28,000 in monthly assessments is fair based on the amenities of The Hill.
“Helicopter pilots and elevator operators aren’t cheap,” said Sparrow, noting that basic cable is included with the unit. “But let me be frank: If you have to ask how much assessments are at The Hill, then you probably can’t afford to buy The Hill.”
Two retail spaces on the first floor have already been leased to a pawn shop and a tobacco paraphernalia store.