Looking for “New” on Lincoln Park? A 1-Bedroom at 1550 N. Lake Shore Drive

1550 n lake shore drive

This 1-bedroom at 1550 N. Lake Shore Drive in the Gold Coast came on the market in November 2014.

But it had previously sold just two months before, in September.

It has come back on the market as “brand new.”

There are new dark hardwood floors.

The bathroom has been renovated.

There’s also a completely new, and open, kitchen with glass tile, quartz counter tops, white cabinets and stainless steel appliances.

The unit doesn’t have a washer/dryer or central air. There is coin laundry in the building and wall unit air conditioning.

There is also leased parking in the building.

But the building is on Lake Shore Drive with Lincoln Park across the street.

This unit has south and east views.

Originally listed at $285,000, it has been reduced to $282,500.

Will this rehab get its price?

Karen Neal at Kale Realty has the listing. See the pictures here.

Unit #19D: 1 bedroom, 1 bath, 800 square feet

  • Sold in February 1989 (price not listed)
  • Sold in September 2014 for $181,000
  • Originally listed in November 2014 for $285,000
  • Reduced
  • Currently listed at $282,500
  • Assessments of $593 a month (includes heat, doorman, cable)
  • Taxes of $420 (senior exemption)
  • Coin laundry
  • Wall units for air conditioning
  • Leased garage parking
  • Bedroom: 15×14

4 Years Later, This 2/1 at 1120 W. Armitage in Lincoln Park Returns

1120 w armitage

This vintage 2-bedroom at 1120 W. Armitage in Lincoln Park just came on the market.

(Yes- people are STILL listing- even the week before Christmas.)

If the address looks familiar, it’s because we chattered about this unit several times back in 2008 and 2009.

See our August 2009 chatter here for insight into what the market was like back then and what we thought about this unit.

The building has 8 units. This one has south and west exposures.

This unit still has some of its vintage details intact including trimwork, the fireplace and hardwood floors. An older listing said that the fireplace mantle was original.

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

The bathroom has been “updated” with granite counter tops.

It has all the features buyers look for with central air and washer/dryer in the unit. It also has a rare garage parking space.

It’s on a popular street, just minutes from the Brown Line El stop, shops and restaurants.

This unit was first listed for sale in May 2008 for $415,000.

It got all the way down to $317,500 in April 2010 before being de-listed.

Over four years later, it has come back on the market at $329,000.

Now that the market has heated up, is this a deal for the neighborhood and location?

Nancy Yockel at Berkshire Hathaway KoenigRubloff has the listing. See the pictures here.

Unit #301: 2 bedroom, 1 bath, no square footage listed

  • Sold in March 1992 for $162,500
  • Sold in January 1997 for $179,000
  • Sold in April 2004 for $321,500
  • Originally listed in May 2008 for $415,000
  • Numerous reductions
  • Was listed at $317,500 in January 2010
  • De-listed in April 2010
  • Currently listed for $329,000 (includes garage parking)
  • Assessments of $211 a month (they were $210 a month in 2009)
  • Taxes of $4902 (they were $4133 in 2009)
  • Central Air
  • Washer/Dryer in the unit
  • Shared deck
  • Fireplace
  • Bedroom #1: 12×10
  • Bedroom #2: 11×9
  • Living room: 16×11
  • Dining room: 11×8
  • Kitchen: 12×10

 

Selling a 2-Bedroom Lincoln Park Townhouse Less Than 2 Years Later: 1443 W. Wrightwood

1443 w wrightwood #1

This 2-bedroom townhouse at 1443 W. Wrightwood in Lincoln Park came on the market in November 2014.

We chattered about it in November 2012 as a condo alternative. You can see our chatter here.

Built in 1987, it is not one of the main townhouses on Wrightwood, but one of those that sits behind the front units.

It has dark stained hardwood floors on the main level and in the master bedroom but carpet in the second bedroom and the lower level family room.

Both bedrooms are on the second level along with a bonus loft.

The kitchen has white cabinets (white is in!), stainless steel appliances and a granite counter tops and backsplash.

The townhouse has central air and an outdoor parking space.

It sold less than 2 years ago for $380,000 and is now asking a nearly $70,000 premium.

Will it get it?

1443 w wrightwood #2

Christopher Gaggero at @Properties now has the listing. See the pictures and the floorplan here.

Unit #B: 2 bedrooms, 2.5 baths, no square footage listed, parking included

  • Sold in June 1991 for $184,000
  • Originally listed in September 2012 for $400,000
  • Sold in February 2013 for $380,000
  • Originally listed in November 2014 for $449,900
  • Still listed at $449,900
  • Assessments now $220 a month (they were $216 a month in November 2012)
  • Taxes now $5127 (they were $4662 in November 2012)
  • Central Air
  • Bedroom #1: 15×11 (second floor)
  • Bedroom #2: 11×10 (second floor)
  • Loft: 10×7 (second floor)
  • Family room: 20×14 (lower level)

You Can Still Buy a Foreclosure: A 3/3 Duplex Up at 1316 W. Fletcher in Lakeview

1316 w fletcher

This 3-bedroom duplex up at 1316 W. Fletcher in Lakeview came on the market in September 2014.

It has a 2 story living room with the three bedrooms on the second floor.

It’s being sold “as-is” and the listing says the buyer is responsible for 6 months past due assessments which are $218 a month.

From the pictures, it appears that the kitchen is intact. It has white cabinets, white appliances and dark stone counter tops.

It has central air and parking is included.

The unit originally came on the market in September at $574,900 and is being reduced $10,000 a month so that it’s now down to $544,900.

Is this a deal?

Jason Shapiro at Rising Realty has the listing. See the pictures here.

Unit #3E: 3 bedrooms, 3 baths, 2000 square feet

  • Sold in September 2003 for $685,000
  • Lis pendens foreclosure filed in October 2009
  • Bank owned in June 2014
  • Originally listed in September 2014 for $574,900
  • Reduced $10,000 every month
  • Currently listed at $544,900 (includes parking)
  • Assessments of $218 a month (includes snow removal)
  • Taxes of $7018
  • Central Air
  • Washer/Dryer hook-ups
  • Bedroom #1: 14×13 (second floor)
  • Bedroom #2: 13×11 (second floor)
  • Bedroom #3: 16×14 (second floor)

 

 

Why Isn’t Anyone Buying This Bank Owned Lincoln Park Coach House? 2616 N. Orchard

This 2-bedroom coach house at 2616 N. Orchard in Lincoln Park has been on and off the market since July 2007.

We’ve actually chattered about it twice, with the first time all the way back in April 2010. See that amusing chatter here (something about the microwave being in the sink.)

Since then, the coach house was taken back by the bank and came back on the market in April 2014 being sold “as-is.”

The listing says it needs “TLC.”

The coach house has hardwood floors and 2 fireplaces.

The refrigerator is missing in the kitchen but the cabinets and other appliances are intact (and no sign of the microwave this time.)

The living/dining area is on the first floor with the bedrooms on the second floor. There’s also a small loft area on the third floor.

It’s a rare coach house that also has a 1-car garage.

It even has central air.

This coach house originally came back on the market in April 2014 for $449,900. It has now been reduced all the way down to $374,900 but yet it is still sitting there for sale.

That is $73,100 under the 1999 sales price.

Is this a deal for the location and square footage?

Matthew Putnick at Jameson Sotheby’s has the listing. See the pictures here. (Sorry, I’ve never had a picture of this property since it sits behind the main building.)

Unit #4: 2 bedrooms, 2.5 baths, 1800 square feet, 1 car garage

  • Sold in September 1989 for $576,000 (?)
  • Sold in October 1999 for $448,000
  • Originally listed in July 2007 for $719,000
  • Lis pendens filed in May 2010
  • Bank owned in February 2014
  • Originally listed in April 2014 for $449,900
  • Reduced several times
  • Currently listed for $374,900
  • Assessments of $188 a month (includes water, snow removal)
  • Taxes of $8203
  • Central Air
  • Bedroom #1: 15×13 (second floor)
  • Bedroom #2: 13×10 (second floor)
  • Living room: 16×14 (main floor)
  • Loft: 12×9 (third floor)

Why Not Raise Your Kids in a Loft? A 3-Bedroom at 1439 S. Michigan

1439 s michigan

This corner 3-bedroom loft in Trevi Square at 1439 S. Michigan in the South Loop came on the market in October 2014.

It is a concrete loft (preferred by many loft lovers because it is virtually soundproof) with exposed brick and 3 exposures: North, South and West.

There are hardwood floors throughout and 2 fireplaces as well as 2 balconies.

The kitchen has maple cabinets, granite counter tops and stainless steel appliances with a backsplash.

The loft also has a coveted in-unit laundry room.

It has central air and there is 2-car parking available for an extra $40,000.

The listing says this loft is in the South Loop Elementary school district.

With 3-bedrooms, shouldn’t this loft be getting snatched up by a city family?

Connie Gunwaldt at @Properties has the listing. See the pictures here.

Unit #312: 3 bedrooms, 2.5 baths, no square footage listed

  • Sold in November 1995 for $92,000
  • Sold in June 2013 for $475,000 (doesn’t look like it included the parking)
  • Currently listed for $519,000 (with 2-car parking for $40,000 extra)
  • Assessments of $493 a month (includes cable)
  • Taxes of $4885
  • Central Air
  • Washer/dryer in the unit
  • Bedroom #1: 19×12
  • Bedroom #2: 12×11
  • Bedroom #3: 11×10
  • Laundry room: 8×5

We Love Authentic Lofts in Lakeview: A 2/2 at 1122 W. Newport

1122 w newport #2

This 2-bedroom duplex down loft at 1122 W. Newport in Lakeview came on the market in September 2014.

It has the loft features that buyers like such as 14 foot timber ceilings and exposed brick.

The kitchen was updated by the prior owner and has modern cabinets and stainless steel appliances.

The master bedroom is in the lower level, which has a large master bedroom suite.

There is central air, washer/dryer in the unit and heated garage parking (a big sell during the winter months.)

Originally listed for $424,995 in September, it has been reduced $34,995 to $390,000.

At 1910 square feet, that is just $204 a square foot.

This unit is within a short stroll of Wrigley Field and Southport as well as the Red Line stop at Addison.

What will it take to sell this loft in 2014?

Brenton Goldman at Baird & Warner has the listing. See the pictures here.

Unit #1B: 2 bedrooms, 2 baths, 1910 square feet, duplex down

  • Sold in September 1989 for $346,000 (could be a typo as the mortgage was much lower- maybe $246,000?)
  • Sold in December 1999 for $253,000
  • Sold in April 2012 for $337,500
  • Originally listed in September 2012 for $424,995
  • Reduced several times
  • Currently listed at $390,000
  • Assessments of $325 a month (includes snow removal)
  • Taxes of $6180
  • Bedroom #1: 16×20 (lower level)
  • Bedroom #2: 17×10 (main floor)

8 Months on the Market in Old Town: A 2/2 at 1814 N. Lincoln Park West

1814-n-lincoln-park-west

This vintage 2-bedroom at 1814 N. Lincoln Park West in Old Town came on the market in May 2014.

The building was built in 1890 and has 4 units.

The unit still has some of its vintage features including pocket doors and the original fireplaces, which have been converted to gas logs.

There is a black and white checkered marble entry way, a separate dining room, complete with a fireplace, and a beamed ceiling in the kitchen, which has white cabinets, stainless steel appliances and dark wood counter tops.

There’s a big private deck and 1 parking space.

It has radiator heat and space pak cooling and there’s a washer/dryer in the unit.

The building is on an extra wide 36×125 lot.

Originally listed in May 2014 for $709,000 it has been reduced $15,000 to $694,000.

This building is in a top Old Town location, not far from the restaurants on Wells and also close to Lincoln Park.

Is this a deal for the square footage and location?

Kathleen Menigham at KoenigRubloff has the listing. See the pictures here.

Unit #3: 2 bedrooms, 2 baths, 1800 square feet

  • Sold in September 2004 for $553,000
  • Originally listed in May 2014 for $709,000
  • Reduced several times
  • Currently listed at $694,000
  • Assessments of $350 a month
  • Taxes of $10934
  • Central Air
  • Washer/Dryer in the unit
  • Parking included
  • 2 fireplaces
  • Bedroom #1: 19×13
  • Bedroom #2: 10×9
  • Dining room: 17×15

 

 

Buying, Rehabbing and Selling Within 3 Months in River North: 405 N. Wabash

405 n wabash

This 2-bedroom penthouse unit in 405 N. Wabash just came on the market.

If it looks familiar it’s because just sold 3 months ago, in September 2014.

The new listing says that the “interior appointments” have been  “all refinished”.

The unit now has ebony stained floors and new Bosch appliances in the kitchen.

The listing doesn’t say that the kitchen is new.

There are no pictures of the bathrooms in the new listing and the furniture has been “virtually staged.”

It has the finishes buyers look for including washer/dryer in the unit and central air.

It also has north, south and east exposures.

Parking is available for extra.

405 N. Wabash is a full amenity building with 697 units and has a pool and doorman.

This unit was bought for $713,000 in September and is now listed, just 3 months later, for $899,000.

Will this seller be able to cash in quickly?

Tom Witt at Executive Realty Consultants has the listing. See the current pictures here. But you should also look at the previous pictures here.

Unit #5110: 2 bedrooms, 2.5 baths, 2750 square feet

  • Sold in March 1997 for $550,000
  • Sold in September 2014 for $713,000 (looks like it included the parking)
  • Currently listed for $899,000 (parking is extra)
  • Assessments of $2942 a month (includes a/c, parking, doorman, cable, pool)
  • Taxes of $18198
  • Central Air
  • Washer/Dryer in the unit
  • Bedroom #1: 19×15
  • Bedroom #2: 18×10

 

Trying to Sell a Vintage 2/2 in Logan Square: 3636 W. Wrightwood

3634 w wrightwood

This 2-bedroom at 3636 W. Wrightwood in Logan Square came on the market in September 2014.

It is one of just 4-units in the building.

It has 3 exposures, North, South and West, along with 10 foot ceilings.

It has some of its original vintage mill work including pocket doors.

The kitchen is more modern, however, with maple cabinets, granite counter tops and stainless steel appliances.

It has the features that buyers are looking for with central air, washer/dryer in the unit and gated parking.

Originally listed for $299,000 in September 2014, it has been reduced $4100 to $294,900.

In 2013, we chattered about a 3-bedroom with 150 square feet more space in this building. It was listed for $309,000 in January 2013 and sold for $290,000 in June 2013.

See that chatter here.

What will it take to sell this unit?

Chadwick Duda at Dream Town Realty has the listing. See the pictures here.

Unit #2: 2 bedrooms, 2 baths, 1350 square feet

  • Sold in August 2003 for $228,000
  • Originally listed in September 2014 for $299,000
  • Reduced
  • Currently listed at $294,900
  • Assessments of $207 a month
  • Taxes of $3212
  • Central Air
  • Washer/Dryer in the unit
  • Gated parking included
  • Bedroom #1: 10×15
  • Bedroom #2: 9×11