Do You Have the Vision to Transform This Brick and Timber Loft? 540 N. Lake Shore Drive in Streeterville

540 n lake shore drive

This 1-bedroom loft at 540 N. Lake Shore Drive in Streeterville just came on the market.

It’s a large, 1280 square foot 1-bedroom with 12 foot timber ceilings and multiple walls of exposed brick.

In fact, all 4 living room walls are brick, with one painted white.

There are two windows in the living room and hardwood floors in part along with porcelain tiles in part.

The bedroom also has a window along with a built-in bed, storage and a glass block wall.

The kitchen has those white cabinets with the natural wood trim (original to the 1980s or 1990s, I think) and a mix of white and black appliances.

There are 2 full baths, including a huge master bath with a soaking tub.

The unit has central air but no in-unit washer/dryer, although the building does allow it so one can be installed.

Parking is rental in the building for $205 a month.

This is the only authentic loft condo building in Streeterville.

This loft is a blank slate kind of property, awaiting your touch.

Do you have the vision to restore it to its loft glory?

Matt Laricy at Americorp has the listing. See the pictures here.

Unit #210: 1 bedroom, 2 baths, 1280 square feet

  • Sold in January 1995 for $145,000
  • Sold in March 2006 for $253,000
  • Currently listed for $319,724
  • Assessments of $757 a month (includes heat, a/c, doorman, cable)
  • Taxes of $4341
  • Central Air
  • No in-unit washer/dryer but can be installed
  • No deeded parking but rental parking for $205 a month in the building
  • Bedroom: 16×20
  • Living room: 20×19

Love Big Brick and Timber Lofts? A 2/2 at 835 N. Wood in Ukrainian Village

835 n wood

This 2-bedroom loft in the Meter Building at 835 N. Wood in the Ukrainian Village came on the market in December 2015.

It has the features loft lovers look for including exposed brick, timber ceilings and a bow truss.

It’s a south corner unit with 1800 square feet.

The kitchen has a commercial Viking stove with walnut and limestone counters.

The bathrooms have luxury finishes including Duravit, Grohe, Toto and Ann Sacks tile.

The loft has central air, washer/dryer in the unit and 2-car heated garage parking included in the price.

It has reduced $59,000 since December and went under contract in April 2016.

It has since re-listed.

Are big lofts still the “in” places to live?

Jamie Connor at Conlon has the listing. See the pictures here.

Unit #304: 2 bedrooms, 2 baths, 1800 square feet

  • Sold in September 1998 for $200,000
  • Sold in July 2006 for $425,000
  • Sold in June 2012 for $475,000
  • Originally listed in December 2015 for $619,000
  • Reduced to $560,000
  • Under contract in April 2016
  • Re-listed at $560,000 (includes 2 heated garage spaces)
  • Assessments of $367 a month (includes exterior maintenance, lawn care, scavenger)
  • Taxes of $6504
  • Central Air
  • Washer/Dryer in the unit
  • Bedroom #1: 17×12
  • Bedroom #2: 8×12

 

 

8 Years and One Foreclosure Later, a 2/2 at 708 W. Barry in Lakeview Returns to Crib Chatter

708 w barry

This 2-bedroom at 708 W. Barry in Lakeview just came on the market.

If it looks familiar, then you’ve been reading this blog a long time as we actually chattered about it (and a second unit in the building) in 2008.

You can see our March 2008 chatter here.

And the July 2008 chatter here.

Both times we debated the height of the ceilings as this building has five stories which, apparently, isn’t common in this part of Lakeview.

The last time the second floor unit was listed, it was priced at $489,900.

This unit didn’t actually sell in 2008. A lis pendens foreclosure was filed in 2009 and the bank took it back in 2010.

It sold in 2011 for just $290,000 from the bank.

The building was constructed in 2005 with 8 units and has an elevator.

The units have the finishes from that era. The kitchen has cherry cabinets, stainless steel appliances and granite counter tops.

This is a picture from the 2008 listing but the kitchen looks the same except it now has a backsplash.

708 w barry #1R kitchen

This property has central air, washer/dryer in the unit and rare 2-car parking.

It’s back on the market, this time for $420,000.

Will it sell again in the $400,000s like it did in 2005?

Jeanine Sekera at Coldwell Banker has the listing. See the pictures here.

  • Sold in November 2005 for $454,500
  • Was listed in March 2008 for $489,900 (including 2 parking spaces that were NOT tandem)
  • Never sold
  • Lis pendens foreclosure filed in August 2009
  • Bank owned in August 2010
  • Sold in June 2011 for $290,000
  • Currently listed for $420,000 (includes 2 parking spaces)
  • Assessments are now $297 a month (they were $149 a month in 2008) (includes exterior maintenance, lawn care, scavenger and snow removal)
  • Taxes of $4289
  • Central Air
  • Washer/Dryer in the unit
  • Bedroom #1: 13×10
  • Bedroom #2: 10×8

Does a Townhouse on the 12th Floor Make Sense? 55 E. Erie in River North

55 e erie

This 3-bedroom townhouse at 55 E. Erie in River North was on the market for a few months in 2015 and then recently came back on in January 2016.

No, your eyes are not deceiving you.

It is a townhouse on the 12th floor of this building (as seen in the right on the picture above.)

It’s 4 stories and has its own private entrance, just like most townhouses at ground level.

The townhouse has both stairs and an interior elevator to each level.

The first floor is the living/dining/kitchen.

The master suite takes up the entire second floor with the other two bedrooms on the third floor.

The fourth floor has an indoor and outdoor kitchen along with a 1,000 square foot private rooftop deck which is landscaped and has a pergola.

The listing says the property has been “completely gutted.”

It has a custom kitchen with white cabinets and dark stone countertops with Subzero, Wolf and Miele appliances.

There’s also a wood paneled den with coffered ceiling.

2 parking spaces are included in the building’s garage and you get the benefit of the doorman and other high rise amenities.

Is this a nice compromise for someone who wants the levels of a single family home but with the security of a high rise?

Margaret Baczkowski at Jameson Sotheby’s has the listing. See the pictures here.

55 E. Erie SH-2: 3 bedrooms, 4 baths, 2 half baths, 4325 square feet

  • Sold in September 2005 for $2 million (per Zillow)
  • Originally listed in April 2015 for $3.195 million
  • Withdrawn in November 2015
  • Re-listed in January 2016 for $2.999 million
  • Currently still listed at $2.999 million (includes 2-car parking in the building’s garage)
  • Assessments of $2460 a month (includes heat, gas, doorman, cable, Internet, exterior maintenance, scavenger, exercise room)
  • Taxes of $39,592
  • Central Air
  • Washer/Dryer on the second floor
  • Elevator (am assuming homeowner pays for maintenance of this)
  • Bedroom #1: 15×19 (second floor)
  • Bedroom #2: 15×15 (third floor)
  • Bedroom #3: 24×16 (third floor)

 

Not Everything Is Selling in a Day: Smart Tech Home in West Town Reduces: 900 N. Richmond

We last chattered about this 4-bedroom “Smart Tech” home at 900 N. Richmond in West Town (East Humboldt Park???) in February 2016.

You can see our chatter here.

If you recall, this is one of several dozen similar homes that have been built in West Town, Avondale, Logan Square and other gentrifying neighborhoods since the bust.

These houses were called “Smart Tech” because the floors were flaxseed sealed oak hardwoods and they used no VOC paint. There were also LEED appointments.

They were meant to be townhouse alternatives, i.e. affordable starter homes in up and coming neighborhoods.

Here’s what one of them looked like on Rockwell in West Town:

1214 n rockwell approved

The house on Richmond has the same open concept as the others, with living room, dining room and kitchen on the main floor along with a floating stair case.

The kitchen has modern white and gray gloss cabinets, quartz counter tops and stainless steel appliances. There is also a kitchen island.

3 of the 4 bedrooms are upstairs and the master bedroom has an ensuite bath.

The fourth bedroom and the recreation room are in the lower level.

There’s a two-car garage, a concrete patio and a pergola. It is a corner lot so the yard is also fenced in.

Originally listed in February 2016 at $589,000, it has been reduced $19,100 to $569,900.

The market is red hot, especially for single family homes.

Why isn’t this selling?

Karen Biazar at North Clybourn Group still has the listing. See the pictures here.

900 N. Richmond: 4 bedrooms, 2.5 baths, 2400 square feet, 2 car garage

  • Sold in December 2000 for $357,000
  • Lis pendens filed in January 2012
  • Sold in December 2012 for $65,000
  • New construction home sold in April 2014 for $449,000
  • Originally listed in October 2015 for $589,900
  • Withdrawn in December 2015
  • Re-listed in February 2016 for $589,000
  • Reduced in April 2016
  • Currently listed at $569,900
  • Taxes of $6145
  • Central Air
  • Bedroom #1: 15×12 (second floor)
  • Bedroom #2: 14×9 (second floor)
  • Bedroom #3: 10×10 (second floor)
  • Bedroom #4: 15×10 (lower level)
  • Recreation Room: 13×33 (lower level)

Historic Gold Coast Mansion and Coach House Returns to the Market: 1432 N. State Parkway

1432 n state parkway approved

This 8-bedroom mansion at 1432 N. State Parkway in the Gold Coast just came on the market.

But if it looks familiar that’s because we chattered about it several times when it last came on the market in 2008 during the Great Recession.

You can see our 2008 chatter here and our 2011 chatter here.

It took 3 years to sell mostly because it needed to be renovated and brought back into the modern era. Additionally, the economy was in the tank.

Built in 1883 by Chicago architect A. M. F. Colton, it is on a 50×132 lot with a side drive and a coach house- which has 3 bedrooms and 1 bath.

The house originally had 7600 square feet and the coach house another 2000 square feet for 9600 square feet total but the lower level has been excavated making room for a recreation room, theater and game room which has added square footage.

The property now totals 10,250 square feet.

Back in 2008, most of the house’s vintage character had been preserved including the mahogany wood moldings, paneling and 3 original fireplaces.

Here are the pictures from the 2008 listing:

1432-n-state-parkway-staircase-_2

1432-n-state-parkway-livingroom-_2

It has since been updated and transformed, including installing central air. There was space pac cooling previously.

There’s a 3 car garage with a heated driveway which can hold up to 5 more cars.

The kitchen has white cabinets, white counter tops and stainless steel appliances.

Ceilings on each of the floors are 10 feet+.

But while the vintage character has been preserved, the mahogany paneling in the entry foyer and living spaces has been painted white.

Does the white trim modernize the house? Or would you have left the original woodwork?

And how long will the house stay on the market this time?

Jennifer Ames at Coldwell Banker has the listing. See the pictures here.

1432 N. State Parkway: 8 bedrooms, was 6.5 baths- is now 7.5 baths,  was 9600 square feet- is now 10,250 square feet, 3 car parking

  • I couldn’t find a prior sales price going back to the 1980s
  • Was listed in October 2008 for $7.25 million
  • Reduced
  • Was listed in September 2010 for $5.9 million
  • Sold in March 2011 for $4.985 million
  • Currently listed at $9,499,000
  • Taxes are now $85,347 (they were $45,163 in 2008)
  • Central Air
  • 9 fireplaces (!)
  • Bedroom #1: 20×17 (third floor)
  • Bedroom #2: 13×18 (second floor)
  • Bedroom #3: 15×17 (second floor)
  • Bedroom #4: 21×17 (second floor)
  • Bedroom #5: 14×15 (second floor)
  • Coach house: 3 bedrooms, 1 bath

23.5% Appreciation in Just 14 Months for a Loop Loft: A 2/2 at 728 W. Jackson

728 w jackson #2 approved

This 2-bedroom loft in the Haberdasher Lofts at 728 W. Jackson just came on the market.

Haberdasher is a full service building with 220 units and a parking garage. Half the building has timber lofts and half is concrete.

This loft is on the timber side of the building and has exposed brick and the large industrial windows that loft lovers dream about.

The kitchen was redone a couple of years ago and has dark cabinets, granite counter tops and stainless steel appliances.

The bedrooms have been enclosed and now have barn doors as their doors. Only one bedroom has windows.

It has wide plank hardwood floors in the living/dining room and carpet in the bedrooms.

The loft has the other features buyers look for including central air, washer/dryer in the unit and indoor parking.

This loft sold just 14 months ago, with the same kitchen and bathrooms, for $428,500.  It looks like the only upgrades/rehab is the enclosed bedrooms.

If you want to see what the 2015 listing pictures looked like- you can see those here.

It has come back on the market listed for $100,500 more at $529,000.

That’s appreciation of 23.5% in just over a year.

Will it get the premium?

John Oertel at Dream Town has the listing. See the pictures here.

Unit #222: 2 bedrooms, 2 baths, 1500 square feet

  • Sold in August 1997 for $199,500
  • Sold in July 2000 for $257,000
  • Sold in September 2002 for $284,000
  • Sold in May 2005 for $338,500
  • Sold in June 2011 for $263,000
  • Sold in February 2015 for $428,500
  • Currently listed for $529,000 (includes parking)
  • Assessments of $670 a month (includes gas, cable, exercise room, lawn care, scavenger)
  • Taxes of $4419
  • Central Air
  • Washer/Dryer in the unit
  • Bedroom #1: 17×13
  • Bedroom #2: 12×9

 

Get a 2-Bedroom Loft in Lakeview for Under $300,000: 3150 N. Sheffield

3150 n sheffield

This 2-bedroom loft in the Vic Lofts at 3150 N. Sheffield in Lakeview just came on the market.

The Vic Lofts were converted into condos in 2005.

It has exposed concrete ceilings and ductwork with hardwood floors throughout.

The kitchen has wood cabinets, glass tile backsplash, granite counter tops and black appliances.

Both bedrooms have windows, which can be rare in lofts.

The loft has central air, but no washer/dryer in the unit. The building has a laundry room.

There also isn’t deeded parking but there’s rental parking in the garage next door. But with the Belmont El stop just steps away, who needs a car?

Listed at $285,000, is this a deal for Lakeview?

Veronica Miklusicak at @Properties has the listing. See the pictures here.

Unit #509: 2 bedrooms, 2 baths, 1000 square feet

  • Sold in October 2005 for $235,000
  • Sold in March 2006 for $279,000 (remember when people would buy pre-construction and flip the unit after they closed it for more?)
  • Sold in October 2009 for $255,000
  • Sold it for November 2012 for $235,000
  • Currently listed for $285,000
  • Assessments of $314 a month (includes exterior maintenance and scavenger)
  • Taxes of $3050
  • Central Air
  • No washer/dryer in the unit- but laundry room in the building
  • No deeded parking- rental parking in the garage next door available
  • Bedroom #1: 13×8
  • Bedroom #2: 10×8

Did the Price of this Silver Tower 3-Bedroom Double in 6 Years? 303 W. Ohio in River North

303 w ohio approved

This 3-bedroom duplex in the Silver Tower at 303 W. Ohio in River North just came on the market.

It is on the 12th floor which has some unique features for the building including 13 foot ceilings on the main level of this unit and a 900 square foot lighted and covered terrace with a 30 foot high ceiling and city views.

The outdoor furniture, Weber grill and outdoor television are included in the sale.

There’s also a deeded storage corridor on that level.

The main floor of this unit includes the living/dining room and kitchen along with 2 of the 3 bedrooms.

The master bedroom is on the second floor.

The unit has a smart home upgraded thermostat and Bluetooth lighting system.

The kitchen has dark wood cabinets, granite counter tops and stainless steel appliances.

There’s central air, washer/dryer in the unit and 2 side-by-side deeded parking spaces are available for $70,000.

If you include the parking, this unit is listed for $1,469,999 which is more than double the 2010 purchase price of $720,500, which did include the parking.

It’s also listed for $654,999 more than the 2014 sale- which was just 19 months ago- and also included both parking spaces.

Is a doubling of prices in 6 years the new reality facing buyers in River North?

Will the sellers get the premium?

Weston Harding at X PWS Real Estate has the listing. See the pictures here.

Unit #1201: 3 bedrooms, 2.5 baths, 1800 square feet, duplex

  • Sold in January 2010 for $720,500 (included 2 parking spaces)
  • Sold in July 2014 for $815,000 (included 2 parking spaces)
  • Currently listed for $1,399,999 (2 parking spaces are $70,000 extra) = $1,469,999
  • Assessments of $927 a month (includes doorman, cable, exercise room, lawn care, scavenger, snow removal)
  • Taxes of $8890
  • Central Air
  • Washer/Dryer in the unit
  • Outdoor furniture, Weber grill and outdoor television included in sale
  • Bedroom #1: 13×16 (second floor)
  • Bedroom #2: 12×10 (main level)
  • Bedroom #3: 9×9 (main level)
  • Covered terrace: 22×23

 

 

A New Record High Price for a 2/2 in Crilly Court? 1708 N. Wells in Old Town

1708 n wells

This 2-bedroom in Crilly Court at 1708 N. Wells in Old Town just came on the market.

We’ve chattered about this complex many times since it was converted from apartments into condos right at the peak of the boom in 2007.

Built in 1866, it has two fireplaces, crown molding and a deck off the back of the unit that overlooks the courtyard.

The units sold quickly originally and prices have never looked back as not only has the complex held its value, but it has gone up in price even during the dark times of 2011-2012.

The collection of buildings is right in the heart of Old Town, near restaurants, shops, transportation and Second City.

This 2-bedroom with den has come on the market after a full kitchen renovation.

The original kitchen was the old dark wood cabinets with dark granite counter tops. The unit now has white custom cabinets and a big kitchen island with Carrera counter tops.

There’s a built-in Leibherr refrigerator, a BlueStar range, a Bosch dishwasher and Restoration Hardware finishes.

The unit has a custom in-ceiling speaker system throughout and new lighting in each room.

If you recall, there are only 8 parking spots in the courtyard and those sold originally with the larger 3-bedroom units.

So this unit doesn’t have parking. It is leased in the neighborhood.

It does have the other features buyers look for, however, including central air and washer/dryer in the unit.

The unit is listed at $615,000 or $104,000 more than the 2013 sales price. This would be a new record sales price for a 2/2 unit on the Wells Street side of this complex.

Will it get the premium?

Phyllis Hall at Berkshire Hathaway KoenigRubloff has the listing. See the pictures here.

Unit #3: 2 bedrooms, 2 baths, 1520 square feet

  • Sold in July 2007 for $461,000
  • Sold in March 2013 for $511,000
  • Currently listed for $615,000 (with a new kitchen)
  • Assessments of $442 a month (includes exterior maintenance, lawn care, scavenger, snow removal)
  • Taxes of $8214
  • Central Air
  • Washer/Dryer in the unit
  • No parking- it’s leased in the neighborhood
  • Bedroom #1: 12×17
  • Bedroom #2: 11×13
  • Family room: 10×15