“Rare, Amazing Opportunity” for a Full Floor Unit on Lincoln Park: 2120 N. Lincoln Park West
This 3-bedroom unit at 2120 N. Lincoln Park West in Lincoln Park has been on and off the market since September 2009.
Since August of 2010, the list price has been reduced $374,900.
It is also now a short sale.
On a street known for some of its vintage buildings, this 11 unit building was constructed relatively recently- in 2000.
The building is directly on Lincoln Park and has lake and city views.
The full floor unit has its own private elevator entrance.
It has 2 east facing balconies and 2-car garage parking.
The kitchen has stainless steel appliances and granite counter tops.
The listing calls this a “rare, amazing opportunity.”
The last sale in the building was Unit #8 in June 2010. It was also a 3/3.5 and sold for $2.6 million.
You can see pictures of Unit #8 here.
Given that price, is Unit #12 a deal?
Katherine Dolan at Jameson Sotheby’s has the listing. See the pictures here.
Unit #12: 3 bedrooms, 3.5 baths, 3200 square feet
- Sold in February 2000 for $1.285 million
- Originally listed in September 2009
- Was listed in August 2010 for $2,299,900
- Reduced
- Currently listed as a “short sale” for $1.925 million
- Assessments of $2826 a month (includes heat, a/c, gas)
- Taxes of $34,592
- Central Air
- Washer/Dryer in the Unit
- 2-car garage parking included
- Bedroom #1: 15×14
- Bedroom #2: 14×12
- Bedroom #3: 15×12
- Library: 18×15
This will sell. Smaller, intimate building, new with (at this time) quite reasonably low maintenance fees for the small number of units. Fixed costs will of course rise as fuel/labor costs rise but this is a perfect opportunity for a “longer term committment” to quite a nice home. At this level, the buyer can even do some “personalizing” and most likely will.
Beautiful, perfect large apartment. Sometimes modern builders get it just right.
This has been among my dream buildings for about five years now. Ideally, I’d live in either the penthouse (which looks like a duplex), or on floors 4-ish through 8ish (allowing for treetop and lakeviews, while minimizing the view of LSD). But I’d still have a hard time passing on this place, were I in the $2 million dollar market.
Would love to see the floorplans between this and unit 8. I hate almost everything about this unit and like almost everything about unit 8. Photo 7 of 16 for unit 8 is kinda a wtf but it feels so much more spacious and well finished. This unit appears like what it probably is, someone buying sf w/o having the money for the finishings.
Maybe it’s just me. Let’s assume this place is “worth” the current ask. BUT I feel like it needs $500K of work to fit my tastes. I can’t see myself paying more then ask minus $500K. If I drop $1 of capital in, I’m just asking to take a bath.
Beautiful apartment and unbeatable location/views. However, it’s a curb appeal fail. Street level is nicely done vintage-y limestone, but then the rest is stacked on top like it’s made of Legos, with ugly windows and clunky balconies.
Would love to see the floorplans between this and unit 8. I hate almost everything about this unit and like almost everything about unit 8. Photo 7 of 16 for unit 8 is kinda a wtf but it feels so much more spacious and well finished. This unit appears like what it probably is, someone buying sf w/o having the money for the finishings.”
There’s a Picture Plan linked to this property off the redfin site:
http://www.smartfloorplan.com/il/v302603
I’m with ze on this one.
worlds tallest mccrapbox?
well at least its brick all the way around
MAX.. that’s why people go apeshit here over cell phone photos posted with million plus listings. very nicely done with the pick your angle photos, place looks much better than I first thought, just horribly finished. Under 100 in work and could be really nice.
Question.. what would be considered “the” street in Lincoln Park?
anonny,
This is my dream bulding too. Every time we go to the playground in front of it I dream about living there for at least couple of minutes:).
stuptacularly drool worth place unit 8 is. #12 isnt any slouch either.
but dang why 3k a month on ass fee’s? its a new’ish building why so high?
Not my cup of tea but I am sure loads of people will like it given he location.
$600 per square foot plus remodel. Hmm… On top of that $5700 monthly and… Next.
“MAX.. that’s why people go apeshit here over cell phone photos posted with million plus listings. very nicely done with the pick your angle photos, place looks much better than I first thought, just horribly finished. Under 100 in work and could be really nice.”
Some odd finishing choices and the furniture is *genuinely* distracting–needs to be staged.
Also doesn’t help that the intended master bedroom is set up as an office/den.
“Question.. what would be considered “the” street in Lincoln Park?”
“the” street for … what? Gimme an NYC comparison of “the” street, even if it’s just a type of street, rather than a specific one.
I wonder if they really have 5 of those awful red chairs or if there are really only 2 that get moved from room to room. Based on the floorplan I am surprised with what is considered the master bedroom. Based on the bath and sauna, I would think the bedroom off the living room would be the master.
Overall nice finishes, hopefully someone with some good taste in furnishings and without peace signs on their bathroom towels will snatch it up and make it beautiful.
I guess my question is better framed from my perspective of Lincoln Park. This appears to have to be one of the premier addresses for an apartment. Then I would think there is a premier block or 2 for what would be more of the equivalent to what for lack of my knowledge of a name would be a brownstone in NYC. So lets say 5th to Park Ave in the lower 60’s in NYC or something even closer to you. E.LSD or Water Tower if someone asked me that question about GC. Just wondering if there is a golden triangle or something inside of the already golden zone.
“but dang why 3k a month on ass fee’s? its a new’ish building why so high?”
Includes heat and a/c. And, is there really not even any part time staff?
““but dang why 3k a month on ass fee’s? its a new’ish building why so high?”
“Includes heat and a/c.”
for A/C you have the lake breeze and not that many windows facing west or east or south. well none facing south or west. so cooling shouldn’t be that bad.
heat what say 300 a month?
and if the rest is all staff, i will quit my job and go work there.
“I guess my question is better framed from my perspective of Lincoln Park. This appears to have to be one of the premier addresses for an apartment. Then I would think there is a premier block or 2 for what would be more of the equivalent to what for lack of my knowledge of a name would be a brownstone in NYC. So lets say 5th to Park Ave in the lower 60’s in NYC or something even closer to you. E.LSD or Water Tower if someone asked me that question about GC. Just wondering if there is a golden triangle or something inside of the already golden zone.”
I would agree that this is the premier stretch for an apartment.
The prime SFH streets seem to be Howe, Orchard, Burling south of Armitage.
“for A/C you have the lake breeze and not that many windows facing west or east or south. well none facing south or west. so cooling shouldn’t be that bad.
heat what say 300 a month?”
Tragedy of the commons, Groove. I bet half these places are 78 deg all winter whether someone is home or not. Garage, too.
good call anon, different mindset on the programmable thermostat here than groove, and totally wasn’t seeing the heated garage in the equation as a whole (or common areas either).
still i would expect 3k a month in a pre-war lakeview building or ELSD but a new 2000 built building i still dont get it?
i mean for what you pay in taxes and ass fee coulndt you rent a 3br with a view all over the city? (ok maybe not on this street but you get my point)
Appreciate the reply. Just looking at a map I would have thought closer to the park but I once said here a long time ago the only other spot my wife really liked as much as downtown was right where you just mentioned. Always ate brunch at this place called Nookies and would walk around after to burn it off a bit. I would love that place right now.
Awesome
“Appreciate the reply. Just looking at a map I would have thought closer to the park”
North of Armitage is sliced up by Clark and Lincoln, so there aren’t as long of stretches of uninterrupted SFHs and east of there is the OTT with the historic preservation limitations. I’d rather be in the triangle, but there are tradeoffs.
I’d be surprised if this place stays on on the market long… will be fun to watch. Still that #8 is soooo nice. Amazes me all photos of this one exclude the living room window view out onto the park that 8 has, just stunning. Terraces look so much better as extension to the bedroom too. Really could make this a beautiful home. With the intention of being redundant, 8 is stunning.
Well steppin out to get a lighter. Only thing more frustrating than not having weed is having lots of weed and no torch.
“The prime SFH streets seem to be Howe, Orchard, Burling south of Armitage.”
I had a buddy do work on 18xx North Howe, the cell phone pix he showed me are WTF insane. that whole street had some crazy insane price builds in the past 4 years. and not places for resale personal built properties.
Buy this place and pay for your mortgage by hosting an AWESOME air and water show on that balcony every summer. VIP Seating $10,000 per day on Sat and Sun and $5000 on Friday PM.
why are there only windows on certain floors on the north side of this building?
I would suspect that since this was built on a zero lot line there are issues for fire rated windows below a certain point. Should the building next door be torn down they could build to a specific height. Windows are only approved 45 feet above that point.
My friends lived directly south of this building. When they dug the foundations for this place it created some settling in their unit. There were visible cracks in the floor and walls. The developer was sued and agreed to pay and/or fix the damage but not until the new building was completed. This meant that they had to live with the cracks for almost two straight years. It was a great unit and I know that it pissed them off.
I must be crazy but once again, I have to disagree with everyone here. I think this unit is very generic – I would never live here. For 2 million you can get a nice unit at the Park Hyatt, Elysian, or Palmolive (which, in my opinion are MUCH nicer buildings in a much nicer area).
Here is a much nicer place in a much nicer area:
http://www.redfin.com/IL/Chicago/25-E-Superior-St-60611/unit-4201/home/12696483
I lived in that bldg. just awful construction. People sucked ass too, and I found pretty much everyone in Chicago to be pleasant.
This might be #1 pick ever on this sight. Clio, nicer area depends on what you like. I would love to walk out my front door right into the park, with the zoo and the lake right there too. Still love mich ave but this area beats it for me.
while we’re spending like 2.3 million how about this place clio
http://www.redfin.com/IL/Chicago/420-E-Waterside-Dr-60601/unit-3910/home/18918567
awesome right?
Sonies FTW
Thats a nice call sonies.
sonies, very nice sleek kitchen, always rode past and thought bldg was very nice but seemed very empty and dark at night. construction seemed to coincide with the bust if I remember correctly… did this place ever fill?
Don’t know about that place Sonies, but I have a friend with a terrace on a high floor by Millenium Park who doesn’t get much use out of the terrace because of wind problems. Beautiful space though.
@ gringo
I know a guy who makes about a million a year who rents in 420 e waterside, so I would assume that it has filled up, not sure though, never been inside
Sonies – great place…. – if you have 2 million to spend, there are a LOT of choices out there.
Great location and views, but paying $900 psf (Unit #8) seems awfully high for Chicago outside of the GC, E. LSD, vanity address buildings. $900 psf is super-high for what does in fact look like the world’s tallest mccrapbox.
“worlds tallest mccrapbox?”
NO FRACKING MORTGAGE RECORDED AGAINST THE PIN.
http://www.ccrd.info/CCRD/controller?commandflag=searchByProperty&optflag=SearchCommandForIL&PIN_1=17&PIN_2=10&PIN_3=400&PIN_4=035&PIN_5=1535
“#Sonies on March 17th, 2011 at 11:01 am
while we’re spending like 2.3 million how about this place clio
420-E-Waterside-Dr-60601/unit-3910/home/18918567
awesome right?”