7.7% Price Reduction on Vintage 2-Bedroom in the Gold Coast: 1427 N. Dearborn

1427 n dearborn

This 2-bedroom in The Cordova at 1427 N. Dearborn in the Gold Coast came on the market in April 2014.

The Cordova is an 8-unit vintage building with an elevator.

If this unit seems familiar, that’s because it is. It has been on and off the market since July 2010.

We last chattered about it in July 2012. See our chatter here.

The third floor unit has 1700 square feet and some of its vintage features such as a wood burning fireplace.

The kitchen has cherry cabinets, granite counter tops and stainless steel appliances.

The listing says there are “upgraded bathrooms.”

It has central air and a washer/dryer in the unit but no deeded parking. Parking is available next door for $275 a month.

It came back on the market this year at $649,000 and recently reduced $50,000, or 7.7%, to $599,000.

Back in 2012, it went as low as $485,000 before it was withdrawn from the market.

Will it finally sell in 2014?

Lauren Leonardi at @Properties has the listing again. See the pictures here.

Unit #3S: 2 bedrooms, 2 baths, 1700 square feet

  • Sold in July 1999 for $390,000
  • Sold in April 2002 for $463,000
  • Sold in June 2005 for $617,500
  • Sold in June 2008 for $635,000
  • Originally listed in July 2010 for $659,000
  • Reduced
  • Was listed in June 2011 at $626,000
  • Withdrawn
  • Re-listed in April 2012 at $485,000
  • Withdrawn
  • Re-listed in April 2014 for $649,000
  • Reduced
  • Currently listed at $599,000
  • Assessments now $505 a month (they were $400 a month in 2012)
  • Taxes now $6012 (they were $8796 in 2012)
  • Central Air
  • Washer/Dryer in the unit
  • No parking- rental available nearby for $275 a month
  • Bedroom #1: 14×12
  • Bedroom #2: 12×12
  • Office/den: 15×9

6 Responses to “7.7% Price Reduction on Vintage 2-Bedroom in the Gold Coast: 1427 N. Dearborn”

  1. assessments are going to be higher as its an elevator building.

    I actually kinda of like it.

    I’m glad the anti spam feature is working out, but maybe its keeping angry boozy bob away?

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  2. Floorplan please.

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  3. “Floorplan please.”

    It’s probably similar to 4S, which is also on the Redfin site.

    https://www.redfin.com/IL/Chicago/1427-N-Dearborn-St-60610/unit-4S/home/12790816

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  4. Hahahahaha nope. 1700sf, narrow and weird floorplan, $595K plus $500/mo for a 2/2?

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  5. “1700sf, narrow and weird floorplan”

    You mean “1700”. Place is *maybe* 16 feet wide, and *maybe* 90 feet long. That’s 1440. I think it’s actually closer to 1240. Calling that place 1700 is a total joke.

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  6. “$595K plus $500/mo for a 2/2?”

    I hate to tell you- but 2/2s in the $500,000s (with only 1200 square feet) are quite common these days even as far north as Lakeview.

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