Looking for Views? 4 Balconies from the 43rd Floor in Lakeview: 3660 N. Lake Shore Drive
This 3-bedroom in the New York Private Residences at 3660 N. Lake Shore Drive in Lakeview came on the market in April 2016.
The New York was built in 1987. It has 49 floors, which makes it one of the tallest buildings north of North Avenue.
It is a full amenity building with 580 units and includes a parking garage.
I always thought most of the units were either 1 or 2 bedrooms but this 3-bedroom has 2460 square feet.
It appears to be a combined unit.
It has 4 balconies with views north, south and east, including of the Lake and downtown Chicago.
The unit has maple hardwood floors and the kitchen has luxury appliances by Subzero, Miele and Gaggenau.
There’s a master bedroom with a big spa tub and 2 walk-in closets.
The second bedroom is en suite.
2 garage parking spots are included. It also has central air and in-unit washer/dryer (which is rare for the building.)
Originally listed at nearly $1 million, it has been reduced to $948,500.
If you’re looking for a lot of space and views, is this a good alternative, for the money, to living right in the middle of downtown?
Stephanie Derderian at Berkshire Hathaway Koenig Rubloff has the listing. See the pictures here.
Unit #4301-2: 3 bedrooms, 3 baths, 2460 square feet
- #4301 sold in 2000 for $352,000. I don’t have an original sales price on #4302
- Sold in August 2014 for $890,000 (included the 2-parking spaces)
- Originally listed in April 2016 for $996,500
- Reduced
- Currently listed for $948,500 (includes 2 parking spaces)
- Assessments of $1550 a month (includes a/c, parking, doorman, cable, exterior maintenance, Internet, lawn care, scavenger, snow removal)
- Central Air
- Washer/Dryer in the unit
- Built-in bar
- Bedroom #1: 22×13
- Bedroom #2: 14×12
- Bedroom #3: 16×12
Nice looking unit. Good quality photos. Photographs show it well. Great views. Plus for including a floor plan. HOA is actually not bad considering all that is included and its a double unit.
While this is a nice place, the ceiling height just KILLS the potential spaciousness feel, sorry not seeing this sell for over 900 due to that alone, there is too much to choose from out there at this price point and this building is not exactly a primo spot. Whats that old saying, don’t buy the most expensive unit in the building? Yeah… here’s a good example of that.
Tub location is a little weird, no?
Has the building flushed out all of the 2/2/2 defaulters yet? Any chance the assessments go down after the association fully recovers from the 2/2/2 folks?
I agree with sonies. I wouldn’t want to buy the most expensive unit in a building. Have the demographics of this building changed? I was under the impression that is skews young, with a lot of renters in the smaller units.
anon(tfo) how many units in this building are still in default, pre foreclosure or foreclosure? How can one find this out?
So after about two years the owner wants to flip it for a small profit. Let’s see if there are more suckers/greater fools who will take the bait. At least the owner is calculating an appreciation rate of about 5.5 percent per year and not an outrageous amount.
” how many units in this building are still in default, pre foreclosure or foreclosure?”
Dunno, which is why I asked!
You can find foreclosures and foreclosures in process by looking the property up on the Cook County Recorder of Deeds site. First go to the tax records and find the pin numbers for the units- they will all be the same except for the last 4 digits, which will be different for each apartment. Click into each individual pin number at the Deeds site, and you will find the whole loan and deed history for the unit.
Have fun looking up each unit to see how who’s in default, or foreclosure, or owned by the same owner as other units. It’s time-consuming but worthwhile if you like the building and are serious about buying there. I did it to protect myself, and immediately backed away from any building where I saw 10% or more of the units in some stage of foreclosure, because that means a lot of assessment arrears, and financial problems for the building. As it is, even if all the foreclosures that happened from 2008-2012 are cured, the problems they caused probably are not. It takes a decade at least for a place to recover financially from a really huge number of foreclosures.
My friend owns a place there but he left the country so I manage his rental for him. I rarely go there or anything, but I get all the newsletters, board communications and I must say, this building appears to be well managed. They were changing the carpeting in the halls and sent out pix of the carpet samples so we could all vote. It was a nice gesture.
I like this unit. Appears to be a very open and livable floor plan with awesome views. Nicely finished and seems priced correctly at this point. I could live here, although I do think that big tub in the master is a bid odd.
Laura posted “…. It’s time-consuming but worthwhile if you like the building and are serious about buying there…”
A more efficient approach is to go to Cook CountyClerk of Court case look up, go to Chancery under Division and enter the condo association’s name under defendant. Then check cases to determine if the cited foreclosures are still pending:
http://www.cookcountyclerkofcourt.org/?section=CASEINFOPage&CASEINFOPage=2400
The bullet flew through that seniors 35th floor apartment right around there. Maybe being a little higher helps.
Just a note to the unaware realtor. Take that photo of the tennis courts out of the equation because the sight of them made me cringe and that’s where it’s all been goin’ down for years now.
what are you talking about