This 2-bedroom in 1500 N. LaSalle in Old Town came on the market in July 2016.
The building was designed by Edmund Krause (1859-1935) in 1892. He designed 61 buildings in his lifetime. He specialized in mid-rise apartment buildings such as this one and also designed The Commodore at Surf and Broadway in Lakeview.
Krause’s best known building is the Majestic Building at 22 W. Monroe in the Loop, better known as the Schubert Theater.
This building has 24-units with an elevator.
The original vintage features in this unit have been removed but it does have a fireplace and some built-ins with 11 foot ceilings.
The kitchen has maple cabinets, granite counter tops and stainless steel appliances.
The listing says the unit has a new furnace, new windows, a new washer/dryer and new ceiling fans.
There are hardwood floors in the living/dining rooms.
There’s no parking with this unit.
It has been on the market nearly 3 months.
Originally listed in July 2016, it has been under contract once. It has also been reduced $32,500 to $440,000.
Is the market slowing or has the market been so hot that we don’t know what a typical fall market is like?
John Barr at Griffith, Grant & Lackie has the listing. See the pictures here.
Unit #2C: 2 bedrooms, 2 baths, 1400 square feet
- Sold in November 1988 for $140,000
- Sold in February 1991 for $145,500
- Sold in November 1994 for $165,000
- Sold in July 2000 for $279,000
- Sold in July 2013 for $380,000
- Originally listed in July 2016 for $472,500
- Under contract in September
- Currently listed for $440,000
- Assessments of $488 a month (includes exterior maintenance)
- Taxes of $6289
- Central Air
- Washer/Dryer in the unit
- No parking
- Bedroom #1: 14×14
- Bedroom #2: 12×10
- Den: 13×9