Does Historic Prairie Street Still Have Glamour? 1843 S. Prairie in the South Loop

1843-s-prairie

This 3-bedroom townhouse at 1843 S. Prairie in the South Loop came on the market in April 2016.

This development was part of the “Homes of the Commonwealth” built in 2005 to replicate the feel of the old historic Prairie street which was filled with mansions of the elite.

Some of you may remember this townhouse from our 2010 discussion when it was a short sale. See that chatter here.

The listing says it has a gourmet kitchen with granite counter tops, stainless steel appliances and a large island.

There’s one bedroom on the second floor with two on the third floor.

There’s a big media room on the 4th floor and a lower level family room.

The townhouse has two decks and a 2-car attached garage.

It’s across the street from the cute Woman’s Made Park.

At 4655 square feet, this is among the larger townhouses in the South Loop.

This development sold for a premium in 2005 when it was new.

Will it still get it 11 years later?

Nadine Ferrata at Coldwell Banker has the listing again. See the pictures here.

1843 S. Prairie: 3 bedrooms, 4 baths, 2 half baths, 4655 square feet, 2 car attached garage

  • Sold in August 2005 for $1,403,500
  • Was listed as a “short sale” in October 2010 for $1.395 million
  • Sold in November 2010 for $1.15 million
  • Originally listed in April 2016 for $1.725 million
  • Still listed at $1.725 million
  • Assessments of $295 a month (they were $225 a month in 2010)- includes lawn care, scavenger, snow removal
  • Taxes of $19,157 (they were $19,117 in 2010)
  • Central Air
  • Bedroom #1: 14×19 (second floor)
  • Bedroom #2: 12×17 (third floor)
  • Bedroom #3: 13×14 (third floor)
  • Family room: 15×25 (lower level)
  • Media room: 15×22 (fourth floor)
  • Terrace: 15×19

16 Responses to “Does Historic Prairie Street Still Have Glamour? 1843 S. Prairie in the South Loop”

  1. My wife and I have looked at these as well as some of the other larger townhouses on prairie and 14th street. Personally, I think this house ( and development in general ) has a lot of character and value – for the right person. I think it’s definitely worth something around the mid 1.5 range.

    For us, 18th street was way too far south, can’t really walk to many restaurants or grocery stores. It’s convenient for working downtown and getting to highways though. The big reason we had to nix the south loop is we are expecting a family addition and would really prefer to live in a neighborhood where our kids could at least go to a public elementary or middle school. That’s becoming tougher and tougher to find though and we find ourselves drawn back to the prairie area when a listing pops up.

    I’m guessing for a family who works downtown and kids attend private school this could be a good option. Grant park and museums not too far and prairie street is really beautiful.

    VA:F [1.9.22_1171]
    Rating: +7 (from 13 votes)
  2. “For us, 18th street was way too far south, can’t really walk to many restaurants or grocery stores. ”

    There are tons of restaurants on Michigan and Wabash in either direction from 18th. And there are two small grocery stores on Michigan between 16th and 18th, along with a Mariano’s not too long of a walk from here.

    I grant you your point about the schools.

    VA:F [1.9.22_1171]
    Rating: +5 (from 9 votes)
  3. I was just on this street yesterday and found myself wondering how much these homes cost. The street is really beautiful and quiet. The location is great. I would love to live here. I think the price point is a bit too high compared to similar homes in the Gold Coast.

    VA:F [1.9.22_1171]
    Rating: +2 (from 4 votes)
  4. Icarus,

    I forgot about the Mariano’s. the places on Michigan between 14th and 16th are pretty much convenience stores. There are a couple average to below average restaurants around here, but anything decent is closer to Roosevelt – and an 8 block each way walk isn’t always ideal.

    I lived on prairie and Roosevelt for about 5 years and still own my place there – the area has improved in terms of walkability to restaurants and nightlife but I think it pales when compared to river north, Lincoln park, or lake view. But then again, access to the lake, museums, and highways is much easier here. Just depends on what you’re looking for.

    VA:F [1.9.22_1171]
    Rating: +4 (from 4 votes)
  5. Bubblelicious purchase. Purchased for $1.403 but then short sale five years later for $1.395. So either 100% financing with i/o or borrower yanked out a bunch of equity.

    VA:F [1.9.22_1171]
    Rating: 0 (from 2 votes)
  6. Why would I buy this place when I would literally get the same place in Lincoln Park for less money?

    https://www.redfin.com/IL/Chicago/429-W-Roslyn-Pl-60614/home/13366287

    VA:F [1.9.22_1171]
    Rating: +3 (from 3 votes)
  7. A, because I am never going to pay well over $1M to have my car a block away.

    VA:F [1.9.22_1171]
    Rating: +3 (from 3 votes)
  8. “Why would I buy this place when I would literally get the same place in Lincoln Park for less money?”

    My wife and I looked at this place – it seems to be an awesome deal, but aside from the newer kitchen and relatively newer baths, some of the hallways and ceilings in other rooms need serious updating. The place just also has a super musty odor – one that I haven’t seen in other brown/Greystones. I don’t know if it makes sense, but it just doesn’t *feel* clean.

    I tried convincing my wife that with 1-200k in upgrades it could look fantastic, but much like other working women her age – she wants “new” or at least vintage that feels “new”

    VA:F [1.9.22_1171]
    Rating: +2 (from 2 votes)
  9. To Ben honest, at that price ( 1.3 ) and that location – I thought the LP home was a steal. Even if you wanted to completely redo the interior , that’s what, 3-400k tops? It’s tough ( if not impossible ) to get a nice sfh in east Lincoln park for under 2 million.

    VA:F [1.9.22_1171]
    Rating: +1 (from 1 vote)
  10. I think the real question here is where hasn’t Riz lived?

    VA:F [1.9.22_1171]
    Rating: +3 (from 9 votes)
  11. Sonies,

    Why all the hate? It’s one thing to call out BS or question something, which I’m cool with. It’s another to target me and my commentary / info bc you’re a jealous tool. Grow up.

    On a side note:

    I’ve lived in the south loop, Gold Coast, near north , and river north. Ive only owned so far in the south loop. Is living in 4 neighborhoods in a span of 14 years an abnormal thing? I moved around a lot in my 20’s.

    VA:F [1.9.22_1171]
    Rating: +5 (from 5 votes)
  12. PS sonies, know where I HAVENT lived?

    In the former Cabrini, – wannabe river north, hodge podge of Big ten reject central you call home. Hope that’s in touch enough with reality for you.

    VA:F [1.9.22_1171]
    Rating: +2 (from 4 votes)
  13. That’s too bad, you might know something about the area then! I lived in “real River North” with “real B1G graduates” like myself before and to be honest it fucking sucked compared to where I live now so whatever!

    And I was just ribbing you since in most of your recent comments you mentioned living where we were talking about, but if you can’t take a joke that’s fine.

    VA:F [1.9.22_1171]
    Rating: -3 (from 3 votes)
  14. Point noted.

    I had a rough call last night and have been in a sour mood today, apologies for coming across a bit harsh.

    To be fair, I think a lot of river north and “near north” suck, just for different reasons.

    For tonight’s pre cubs game drinking purposes, I’ll join the douchiness of river north.

    VA:F [1.9.22_1171]
    Rating: 0 (from 2 votes)
  15. “A, because I am never going to pay well over $1M to have my car a block away.”

    Yep. Not “literally the same place” because the LP property doesn’t have 2-car attached parking.

    And not everyone wants to live in Lincoln Park. Many people work on the South Side, especially at the University of Chicago or the University of Chicago hospital. Ever try and do the commute from Lincoln Park down to Hyde Park?

    Nah…not for everybody.

    VN:F [1.9.22_1171]
    Rating: 0 (from 2 votes)
  16. Riz on November 1st, 2016 at 7:33 am
    To Ben honest, at that price ( 1.3 ) and that location – I thought the LP home was a steal. Even if you wanted to completely redo the interior , that’s what, 3-400k tops? It’s tough ( if not impossible ) to get a nice sfh in east Lincoln park for under 2 million.

    And not everyone wants to live in Lincoln Park. Many people work on the South Side, especially at the University of Chicago or the University of Chicago hospital. Ever try and do the commute from Lincoln Park down to Hyde Park?

    I don’t need attached parking, but if I am paying 1-2M, then it must have a garage and it needs to be on the same property. If you can’t find that in Lincoln Park, I wouldn’t live there. I paid 500k for my house, and it needed a garage. I wasn’t going to deal with a parking space any more living in Chicago. Brushing off your car or walking a block in the winter gets old FAST.

    VA:F [1.9.22_1171]
    Rating: +1 (from 1 vote)

Leave a Reply