We Love Covered Pergola Lounges With TVs and Heaters: 507 W. Roscoe in Lakeview

This 4-bedroom top floor unit at 507 W. Roscoe in East Lakeview came on the market in September 2013.

At 3500 square feet, it is the entire top floor of this 3-unit building.

It’s key feature is the 600 square foot private rooftop deck with a “covered pergola lounge” with a tv and heater.

The deck also has a hot tub and bar.

The unit has French doors, crown molding and a separate family room.

The kitchen has dark cabinets and Wolf and Subzero stainless steel appliances.

The unit has central air and 2-car garage.

Is this condo an attractive alternative to a single family home?

Natalie Weiland at @Properties has the listing. See the pictures here.

Unit #3: 4 bedrooms, 3.5 baths, 3500 square feet, 2 car garage
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  • Sold in November 2008 for $720,000
  • Originally listed in September 2013 for $1.395 million
  • Currently still listed for $1.395 million
  • Assessments of $350 a month
  • Taxes of $10523
  • Central Air
  • Washer/Dryer in the unit
  • Bedroom #1: 14×13
  • Bedroom #2: 16×14
  • Bedroom #3: 12×17
  • Bedroom #4: 11×13
  • Family room: 11×16
  • Laundry room: 9×9
  • Deck: 600 square feet

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10 Responses to “We Love Covered Pergola Lounges With TVs and Heaters: 507 W. Roscoe in Lakeview”

  1. Looks great. The sq footage looks closer to 3,000 from the floor plan, but still a great “city house” It’s hard to believe those asssessments are sufficient for a building that old. Are they really saving up enough for a roof issue or tuckpointing?

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  2. 3,000 sq ft is 100ft x 30 ft. It could be that big. It’s hard to tell from the small pic of the floor plan. Also, the only utility the assessments include is water, but it’s likely still that much isn’t going into reserves. The place has not done that well in the past. Last sold in 2008 for 720K. The decor is rather bland and monochromatic and does not scream >1.3 million. But great deck and two parking spots is nice.

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  3. @mda – a lot of times smaller buildings like that decide to keep assessments low and use a special for any major work. As an owner, you have to treat it more like a SFH and keep savings to cover said work when needed.

    I do like how the deck says “sunset” views. Read that as “you can’t see a damned thing east or south because of all the surrounding high rises, so we can’t say lake or city views”.

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  4. Building is about 37×93, so that ‘3500’ is an outside wall measurement (ie, totally not accurate).

    Should go north of $1m, but not by (nearly) as much as they want.

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  5. Nice place, but I’m not sure how many people will spend more than $1mm for a 4th floor walk up.

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  6. Since unit 1 just went contingent quickly, you guys may be mistaken…

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  7. From the listing on #1:

    ” the magnificent 50ft wide, 3 unit bldg.”

    Somehow, they get a 50′ wide building, and a driveway, onto a 50′ lot. That sort of disruption is certainly worth $1.3m.

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  8. I think the 3500 includes the 600sqft terrace…

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  9. I think the 3500 includes the 600sqft terrace…

    The 1st floor unit is “3773”.

    http://www.redfin.com/IL/Chicago/507-W-Roscoe-St-60657/unit-1/home/13374048

    So someone doesn’t know how to measure.

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  10. Woah – as Andy says, $1.4 million to walk up all those stairs? That is CRAZY! The roof top lounge is impressive, though wonder what is the maintenance involved to keep it looking that way each year. And so many stairs to bring stuff up and down. At least there is a washer and dryer in the unit.

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