This 1-bedroom in The Eddystone at 421 W. Melrose in Lakeview came on the market in May 2014.
The Eddystone was built in 1929 and as you can guess from the date, that proved problematic.
Designed by Holabird & Root, it was originally supposed to take up most of a city block and encompass over 2,000 apartments around a central courtyard.
However, the stock market crash intervened and portions of the building were abandoned by the developer. The current building was all that was built.
It now has just 77 units on 22 floors.
But the vintage grandeur is still there.
This 1-bedroom unit has the large rooms associated with buildings of this era and includes a full-sized dining room and a 10×10 foyer. The foyer is almost larger than many bedrooms we’ve chattered about in other newer buildings.
While the fireplace is decorative, the unit has extensive crown molding, herringbone floors, barrel vaulted ceilings and arched doorways.
The kitchen has white cabinets with a Subzero refrigerator, stainless steel appliances and granite counter tops.
While it has in-unit washer/dryer there is no central air (it has window units).
Parking is also leased.
The listing says it will escrow $10,000 for a special assessment on the windows over the next 12 months. The listing says it has north, south, east and west exposures.
Originally listed in May for $245,000, it has been reduced to $225,000.
Is Chicago one of the best kept urban secrets in the United States?
Joan Watson at Baird & Warner has the listing. See the pictures here.
Unit #15B: 1 bedroom, 1 bath, 1250 square feet
- Sold in February 2002 for $200,000
- Sold in April 2007 for $220,000
- Originally listed in May 2014 for $245,000
- Currently listed for $225,000
- Assessments of $892 a month (includes heat, water, gas, doorman, cable)
- Taxes of $3624
- No central air- window units
- Washer/Dryer in the unit
- Leased parking
- Bedroom: 29×12
- Living room: 27×14
- Dining room: 17×12
- Kitchen: 13×10
- Foyer: 10×10