Selling For What You Paid For It Just 2 Years Later in East Lakeview: 2911 N. Pine Grove

This vintage top floor 2-bedroom at 2911 N. Pine Grove in East Lakeview recently came on the market.

The building was constructed in 1917 and the unit has many vintage features from that era including wainscotting, ceiling medallions and crown molding.

The kitchen has white cabinets and a mix of black and stainless appliances.

The listing says the 2 bathrooms have been updated.

There is a washer/dryer in the unit but no central air (window units only.) There is also no deeded parking with the unit but there’s rental parking in the neighborhood.

This unit last sold 2 years ago for $359,000 and has come back on the market for $359,900.

In this hotter market, is this priced to sell?

Nikki Darin at Baird & Warner has the listing. See the pictures here.

Unit #3: 2 bedrooms, 2 baths, 1500 square feet

  • Sold in May 1996 for $103,000 (but this sales price appears to be too low for the mortgages at that time- typo???)
  • Sold in December 2003 for $339,000
  • Sold in July 2010 for $359,000
  • Currently listed for $359,900
  • Assessments of $424 a month (includes heat)
  • Taxes of $6052
  • No central air- window units only
  • In-unit washer/dryer
  • No parking- but rental in the neighborhood
  • Bedroom #1: 12×11
  • Bedroom #2: 13×12
  • Dining room: 22×13

 

12 Responses to “Selling For What You Paid For It Just 2 Years Later in East Lakeview: 2911 N. Pine Grove”

  1. Nice decorating! I would want all furniture and art b/c I can never reproduce these looks myself.

    Anyway, no central air is a real deal breaker. When it is 100 and humid out, it is miserable with the window A/Cs

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  2. “When it is 100 and humid out, it is miserable with the window A/Cs”

    Not if you have properly sized units (and the wiring in your unit can handle the load). The noise and appearance of window A/C units certainly makes them less desirable than central A/C, but they can cool effectively if large enough.

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  3. Beautiful, perfect vintage apartment in wonderful neighborhood. Belmont Harbor is still and will always be my favorite Chicago ‘hood. Makes me feel good just to view the photos.

    I’d think it would sell at this price, easily. The assessment is super-reasonable, and seems incredibly low when you consider that it includes heat, a big item. My only worry would be whether or not a reserve is being accumulated, because that is a lower assessment than for many smaller vintage units I’ve been considering up north.

    Taxes seem a little steep, but maybe the buyer can expect them to stay more or less level next year.

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  4. I love apartments like this, but they all have one big flaw – enormous dining rooms. Unless you constantly throw large dinner parties it seems like a poor use of square footage for current lifestyles. I’ve seen some layouts where people use the DR as a combined second seating / dining area, but I wish you could allocate some of the square footage to the bedrooms instead. Otherwise, gorgeous space.

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  5. Lovely! Down the street from us and same size/assesment/amenities. I’m thinking (hoping) this sells right around here as we would be happy to get the same… although in this market we’re thinking about keeping it and renting it.

    What school is this?

    And yes those taxes do seem high, almost $2K higher than ours up the street… weird.

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  6. nice unit, wonder why they’re selling so quickly

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  7. Original windows? I’ll never get these boards that have never replaced them in near 100 years.

    Other than that: gorgeous.

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  8. Beautiful, but the DR is the biggest room by far, there’s no parking or central AC. Taxes are too high and need to come down. On the whole, charming, but not practical, and overpriced.

    The May 1996 price does seem kind of low. I’d guess 170,000 might have bought it at the time. We bought a 2 BR the following spring nearby for $205,000, but that was in a modern high rise with parking, doormen, pool and other amenities, and had dramatic views.

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  9. appeal the taxes already

    nice photos

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  10. Just beautiful! Gracious, classic space. I’d take this over the loft on Ravenswood any day. We love entertaining, hosting dinners and cocktail parties, so the dining room would be terrific. For those not in love with having a big dining room, I’d suggest turning one end into a library. I think it could be a very classy-looking multipurpose space. The living room isn’t exactly small, esp. if you take into consideration that there’s a baby grand in there!

    The lack of parking is rough, but using window units wouldn’t be so bad.

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  11. Warning: those things that look like built-ins next to the bed in the master bedroom are wall cabinets from Ikea, and are a good indication of poor closet space.

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  12. Good point, Juni, esp. since I think they’re quite ugly!

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