Former Phoenix Suns forward Alec Peters has sold his River North condo for $1.1 million. As of 2011 Chicago TribunePeters sold his 1,375-square-foot, two-bedroom apartment on the eighth floor of an 11-story building in Chicago on July 29.
In the year In 2019, the Valparaiso producer paid $1.23 million for the condo. Two years later, he put the place on the market in February 2021 for $1.32 million.
He then dropped the listing price to $1.29 million over the summer. Of course, after months in November, he decided to withdraw from the market.
Additionally, Peters’ cap hit is $1.2 million in April 2022. According to tax records from 2020, the cost of property taxes two years ago was $27,506.
According to tax data from Rosenfeld Injury Lawyers LLC, the average property tax rate in Chicago in 2021 was $2,867. This was for homeowners.
In the year By 2022, with the direct tax credit, the average annual property tax in Chicago is now $3,820. The median home price is $246,500. So the Peters apartment house is an exception.
Alec Peters sells his River North condo for $1.1 million
Its former suite has two-and-a-half baths, a Bosch fridge, a long balcony, an Asco dishwasher and quartz countertops. The bedroom includes a bathroom and a walk-in closet.
Compass representative Rafael Murillo said Chicago Tribune“It’s fun to spend the winter in Chicago during the winter.
“But it doesn’t make sense to play full-time in Europe with him,” Murillo continued. “Going forward, I think he’ll get a short-term rental for the summer.”
Built in 2017 by the Belgravia Group – the largest building – it also has a rooftop lounge and fitness centre. Although only the rich can afford one of these units. It should go without saying.
Although Chicago has a high crime rate, River North is not a bad place to live.
Peters initially struggled to sell the apartment complex, but only because he wanted $1.32 million for it in February 2021. Now, the Washington, Illinois, native is playing with Olympiacos of the Greek Basketball League.
Last season, with Liga ACB Saski Baskonia, the forward averaged 10.7 points, 5.9 rebounds and 2.2 assists in 17 games.
Peters averaged 9.8 points, 3.8 rebounds and 1.3 assists in 12 games in the EuroLeague. He shot an impressive 52.3 percent from the field.
In the 2017-18 season with the Suns, in 20 games, Alec Peters averaged 4.1 points and 1.9 rebounds per game. He also shot 37.8% from the floor and 31% from 3-point range.
Peters could return to the NBA in the coming months. Injuries plague starters and bench players every basketball season. It could open the door for him to return to the league.