Comments on: East Lakeview Vintage for a 2006 Price: 411 W. Briar http://cribchatter.com/?p=7242 Flips, Foreclosures, McMansions, New Condos: The Dish On the Chicago Housing Market Wed, 08 Sep 2010 22:22:35 +0000 http://wordpress.org/?v=2.2.2 By: Waiting For a Buyer For This Sprawling 4-Bedroom Vintage Condo: 411 W. Briar in Lakeview http://cribchatter.com/?p=7242#comment-55965 Waiting For a Buyer For This Sprawling 4-Bedroom Vintage Condo: 411 W. Briar in Lakeview Fri, 20 Nov 2009 17:03:04 +0000 http://cribchatter.com/?p=7242#comment-55965 [...] See our prior chatter and pictures here. [...] […] See our prior chatter and pictures here. […]

]]> By: claire http://cribchatter.com/?p=7242#comment-49369 claire Mon, 21 Sep 2009 20:24:17 +0000 http://cribchatter.com/?p=7242#comment-49369 Thank you for all the wonderful comments! It is indeed an exceptional property in a sense that it is over 2600 sqft on one level and the entire top floor of that side of the building. The assessments have been a big point of discussion and I can adress that part, the new board has been building up the reserve which is very healthy, the boiler is only 10 years new and there is a separate reserve for the roof which has been maintained regularly as needed. The heat for a unit that size could easily run $500 a month. The building is well managed. When this building was sold mainly older folks leaved there and little by little things are changing and improving. There has been two major projects and no special assessments were demanded: tuck pointing and back staircase and decks. The hallway and indoor staircase will be refreshed in few months. There is also a huge storage space on the main level and a bike room. Parking is additional rental and there are few for sale across the street as well. The unit is vintage and has not received any major update as new bath or kitchen but the hardwood floors are beautiful, there is amazing sunlight in the living room and it is very spacious. The closet space is good, the master closet is organised, not a walk in and the three other bedroom have large closets plus a build in linencloset in the hallway, not counting the storage on the main level. This property needs someone who loves older homes. It is not updated as per today's standard but it is in move in condition.The unit does not face Sheridan, therefore you do not here the bus or the traffic, it is very quiet even with open windows. This unit also hascentral air which very rare in those buildings! Thank you for all the wonderful comments! It is indeed an exceptional property in a sense that it is over 2600 sqft on one level and the entire top floor of that side of the building. The assessments have been a big point of discussion and I can adress that part, the new board has been building up the reserve which is very healthy, the boiler is only 10 years new and there is a separate reserve for the roof which has been maintained regularly as needed. The heat for a unit that size could easily run $500 a month. The building is well managed. When this building was sold mainly older folks leaved there and little by little things are changing and improving. There has been two major projects and no special assessments were demanded: tuck pointing and back staircase and decks. The hallway and indoor staircase will be refreshed in few months.
There is also a huge storage space on the main level and a bike room. Parking is additional rental and there are few for sale across the street as well. The unit is vintage and has not received any major update as new bath or kitchen but the hardwood floors are beautiful, there is amazing sunlight in the living room and it is very spacious. The closet space is good, the master closet is organised, not a walk in and the three other bedroom have large closets plus a build in linencloset in the hallway, not counting the storage on the main level. This property needs someone who loves older homes. It is not updated as per today’s standard but it is in move in condition.The unit does not face Sheridan, therefore you do not here the bus or the traffic, it is very quiet even with open windows. This unit also hascentral air which very rare in those buildings!

]]> By: Trystero http://cribchatter.com/?p=7242#comment-44546 Trystero Fri, 07 Aug 2009 15:08:14 +0000 http://cribchatter.com/?p=7242#comment-44546 Nice bones. My ears would perk up a bit if it feel about 85k or so. Nice bones. My ears would perk up a bit if it feel about 85k or so.

]]> By: David http://cribchatter.com/?p=7242#comment-44285 David Wed, 05 Aug 2009 20:11:13 +0000 http://cribchatter.com/?p=7242#comment-44285 But I still don't like the place or location! But I still don’t like the place or location!

]]> By: westloopelo http://cribchatter.com/?p=7242#comment-44269 westloopelo Wed, 05 Aug 2009 19:13:11 +0000 http://cribchatter.com/?p=7242#comment-44269 anonny....If I found a place like this, at this price in NYC, I would have purchased the entire building for my own use! I was referring to Albany, NY not Manhattan...sorry for the confusion. While I do own several properties in Manhattan, one of which is my permanent residence, I have investment props in several locations outside the city in the Eastern portion of the state. Albany has some amazing neighborhoods that are 'frozen in time' and house some of the state's politicos. This particular apartment, which I will be renovating in the fall, is in such a 'hood. Street after street of beautiful old vintage apartment buildings that have been remarkably preserved many needing only cosmetic updating. anonny….If I found a place like this, at this price in NYC, I would have purchased the entire building for my own use!
I was referring to Albany, NY not Manhattan…sorry for the confusion. While I do own several properties in Manhattan, one of which is my permanent residence, I have investment props in several locations outside the city in the Eastern portion of the state. Albany has some amazing neighborhoods that are ‘frozen in time’ and house some of the state’s politicos. This particular apartment, which I will be renovating in the fall, is in such a ‘hood. Street after street of beautiful old vintage apartment buildings that have been remarkably preserved many needing only cosmetic updating.

]]> By: anon (tfo) http://cribchatter.com/?p=7242#comment-44165 anon (tfo) Tue, 04 Aug 2009 21:19:23 +0000 http://cribchatter.com/?p=7242#comment-44165 "Yes, it’s the entire top floor, at least of that wing of the property " Huh. From the aerial, it looks like a continuous roof, except for a L-shaped light/air well in the middle. “Yes, it’s the entire top floor, at least of that wing of the property ”

Huh. From the aerial, it looks like a continuous roof, except for a L-shaped light/air well in the middle.

]]> By: JPS http://cribchatter.com/?p=7242#comment-44163 JPS Tue, 04 Aug 2009 21:09:05 +0000 http://cribchatter.com/?p=7242#comment-44163 The hallway closet could probably be turned into a small half bath. No biggie losing this closet if the small rear bedroom is used as a closet... The hallway closet could probably be turned into a small half bath. No biggie losing this closet if the small rear bedroom is used as a closet…

]]> By: Haywood http://cribchatter.com/?p=7242#comment-44155 Haywood Tue, 04 Aug 2009 20:38:35 +0000 http://cribchatter.com/?p=7242#comment-44155 anonny: You must have missed the regular morning pronouncment of "the 151 to Union...Station...the 145 to the LoOp..." it's like 2 hours of clssic voicetracks...lol assuming the 1997 price was right and a non bubble appreciation pattern wouldnt the right proce be around $425K. and thne start downward for the cost of such major renovations thoughts... anonny: You must have missed the regular morning pronouncment of “the 151 to Union…Station…the 145 to the LoOp…” it’s like 2 hours of clssic voicetracks…lol

assuming the 1997 price was right and a non bubble appreciation pattern wouldnt the right proce be around $425K. and thne start downward for the cost of such major renovations

thoughts…

]]> By: anonny http://cribchatter.com/?p=7242#comment-44143 anonny Tue, 04 Aug 2009 20:14:59 +0000 http://cribchatter.com/?p=7242#comment-44143 anon (tfo): Yes, it's the entire top floor, at least of that wing of the property (I think the other units are accessed from a door to the east, and around the corner on the Sheridan side). It feels more like a 3-flat (though a bit taller). I got the sense that there would be no real noise from any neighbors (and Sheridan didn't seem too audible either, within reason). westloopelo: Where in NY did you find such a place at such a price? Is it a co-op? While the two cities really shouldn't be compared (having lived in both, I used to make the frustrating mistake of trying), I suppose the NYC equivalent of Briar at Sheridan would be the western part of the East Village, say, between 1st and 3rd Avenue and from around 3rd Street up 12th Street or so (Briar at Sheridan is not quite Gramercy Park, but given its proximity to the park, it merits comparison to the nicer, leafy streets in the East Village, such as 10th, between 2nd and 3rd Ave, if memory serves). anon (tfo): Yes, it’s the entire top floor, at least of that wing of the property (I think the other units are accessed from a door to the east, and around the corner on the Sheridan side). It feels more like a 3-flat (though a bit taller). I got the sense that there would be no real noise from any neighbors (and Sheridan didn’t seem too audible either, within reason).

westloopelo: Where in NY did you find such a place at such a price? Is it a co-op?

While the two cities really shouldn’t be compared (having lived in both, I used to make the frustrating mistake of trying), I suppose the NYC equivalent of Briar at Sheridan would be the western part of the East Village, say, between 1st and 3rd Avenue and from around 3rd Street up 12th Street or so (Briar at Sheridan is not quite Gramercy Park, but given its proximity to the park, it merits comparison to the nicer, leafy streets in the East Village, such as 10th, between 2nd and 3rd Ave, if memory serves).

]]> By: anon (tfo) http://cribchatter.com/?p=7242#comment-44137 anon (tfo) Tue, 04 Aug 2009 20:00:20 +0000 http://cribchatter.com/?p=7242#comment-44137 "a top level, entire floor unit" Is it actually the entire top floor? “a top level, entire floor unit”

Is it actually the entire top floor?

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