This 2-Bedroom Lakeview Duplex Has Been Reduced $40K: 2859 N. Southport

2959 n southport

This 2-bedroom corner duplex at 2859 N. Southport in Lakeview came on the market in August 2014.

The complex was converted into condos in the early 1990s and has 4 units.

This unit has its own private entrance on Southport.

It also has 12 foot ceilings and a 600 square foot private deck.

The kitchen has cherry cabinets, granite counter tops and stainless steel appliances and is open to the first floor living area. There’s also a powder room on that floor.

The second floor has the two bedrooms and two full baths.

There is an attached garage which is included.

It originally came on the market in August for $539,900 but has now been reduced to $499,500.

The $400,000 to $500,000 market had been hot in 2013 and the first half of 2014.

Has that price point cooled off?

Mario Greco at KoenigRubloff has the listing. See the pictures here.

Unit #A: 2 bedrooms, 2.5 baths, 1700 square feet, duplex

  • Sold in September 1994 for $250,000
  • Sold in January 1998 for $270,000
  • Sold in May 2007 for $478,000
  • Originally listed in August 2014 for $539,900
  • Reduced several times
  • Currently listed for $499,500 (parking included)
  • Assessments of $202 a month
  • Taxes of $6810
  • Central Air
  • Bedroom #1: 15×13
  • Bedroom #2: 13×10

10 Responses to “This 2-Bedroom Lakeview Duplex Has Been Reduced $40K: 2859 N. Southport”

  1. Yet another good Monday morning on CC starts with featuring a craptastic unit :)

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    Rating: -1 (from 5 votes)
  2. Remember square footage is just a number. Thank you MG

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    Rating: +1 (from 1 vote)
  3. Yep, more evidence that sectional sofas should be banned from being sold.

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  4. I like how the “office area” is the hallway at the top of the stairs… lol

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    Rating: +1 (from 1 vote)
  5. Wow, he’s including the “almost 600 sq ft” roof deck, which looks like it’s closer to 400, in the “1700+”!! Kind of makes me want to put in an offer for “almost $500k” which would turn out to be $375k.

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    Rating: +6 (from 6 votes)
  6. “Kind of makes me want to put in an offer for “almost $500k””

    After all, price is just a number.

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    Rating: +1 (from 1 vote)
  7. there are some things that are worth a premium (especially in that area):

    – attached indoor garage parking

    – direct access from the street (no common area to bother with)

    – two floors (yes, it can be a negative for some – but for people who lead separate lives from their spouse/children, this is very important)

    – private roofdeck (obviously valuable)

    put all of these into one unit in that location, and I do think that the owners can ask a premium over standard per square foot pricing. I predict this unit will sell for mid to upper 400s.

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  8. Please don’t comment on the décor/names painted on the walls. Nearly every baby room has this décor. Many years ago we had a big discussion about this (remember Baby Olivia?).

    Thank you!

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  9. Okay we will skip the tacky baby names on the wall. But we will not, I say not overlook the hideous Brown sectional that is over powering the whole first floor

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  10. This is site is such a waste of energy….it should be a branch of everyblock.com
    What a bunch of whiny li’l brats commenting here….if you don’t like the price then keep shopping. The market will dictate how the owners handle it.

    Guarantee the comments are from people who have nothing better to do with their time and therefore can not afford to spend over $300K for a property… Just sad bitter people that are angry because they can’t afford a decent property.

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