Lots of Space and Lake Views Too: A 2-Bedroom at 3150 N. Lake Shore Drive in Lakeview
This 2-bedroom on the 13th floor at 3150 N. Lake Shore Drive in Lakeview came on the market in early October.
The listing says it has lake and city views and overlooks Belmont Harbor.
It’s bigger than the “standard” size 2-bedrooms of the more recent era at 1650 square feet.
It has dark hardwood floors.
The kitchen has maple cabinets, stainless steel appliances and granite counter tops.
While it has central air, there’s no in-unit washer/dryer and parking is rental in the building.
It’s a full service building, however, with an outdoor pool, an exercise room and a doorman.
The unit was recently reduced $5100 to $364,900.
Is this a deal for the views and the square footage?
Unit #13D: 2 bedrooms, 2 baths, 1650 square feet
- Sold in December 1997 for $175,000
- Originally listed in October 2015 for $370,000
- Reduced
- Currently listed at $364,900
- Assessments of $899 a month (includes heat, a/c, water, doorman, cable, exercise room, pool, exterior maintenance, lawn, scavenger, snow removal)
- Taxes of $4983
- Central Air
- No washer/dryer in the unit- coin laundry in the building
- Parking is rental in the building
- Bedroom #1: 18×14
- Bedroom #2: 16×15
I didn’t know what to do, there was no link…
Steve, I can’t find the link either. But I’ve pretty much trained myself to ignore every address ending in “Lake Shore Drive” now. Bloated assessments, old buildings, (mostly) dated units, awkward parking/laundry situations, not worth my time to even read description/look at photos.
Link:
https://www.redfin.com/IL/Chicago/3150-N-Lake-Shore-Dr-60657/unit-13D/home/13371268
It’s about what you’d expect. I couldn’t deal with those bathrooms.
“But I’ve pretty much trained myself to ignore every address ending in “Lake Shore Drive” now. Bloated assessments, old buildings, (mostly) dated units, awkward parking/laundry situations, not worth my time to even read description/look at photos.”
This
“Bloated assessments”
55 cents a foot, including heat and ac, with a doorman and a pool is *cheap*. That’s not bloated even if the pool were turned into a planting bed.
Now, prefer to have your own heat bill and no doorman? Fair.
Yeah LSD addresses are for geezers
Sonies – Anecdotally speaking, I have found that to be true! Millenials & Gen Xers would be feel really out of place here.
Anon – I prefer not to waste my money on a doorman & pool. I don’t see how either is a huge selling point unless you love swimming and/or making awkward small-talk with the doorman while he/she retrieves your packages. Aside from maintenance issues; those two costs contribute a significant portion to assessments. I also strongly prefer to control my heating costs. In my experience of living in highrises & walkups, maintaining warmth in the highrise units was much easier.
But I guess it all comes down to whether you want the high-rise lifestyle; I don’t judge those who do, I just like more financial freedom & control that comes with simpler living. I will concede that the ownership volume in high-rises typically softens the blow of special assessments; of which many will be experienced in these LSD buildings.
“But I’ve pretty much trained myself to ignore every address ending in “Lake Shore Drive” now. Bloated assessments, old buildings, (mostly) dated units, awkward parking/laundry situations, not worth my time to even read description/look at photos.”
Wow. Couldn’t have said it better seeing as how I do this too! Redfin has an “x-out” tool which I’ve used in this exact same way. I must have thousands of LSDs ignored by now.
Ha me too, enough times to know that Redfin caps the number of favorites or x outs at 2500 per account.
Closed at $347.