Not Everything is Selling in a Week: A 3-Bedroom at 2650 N. Lakeview in Lincoln Park

2650 n lakeview

This 3-bedroom on the 32nd floor in 2650 N. Lakeview in Lincoln Park just came on the market.

2650 N. Lakeview was built in 1973 and has 397 units.

It’s a full service building with a doorman, valet parking in a heated garage, 2 tennis courts, an indoor pool, a roof deck and a grocery store.

This is a southeast corner unit with views of Lincoln Park and downtown.

As you can see from the pictures, it hasn’t been renovated. There is carpet throughout.

There’s central air and no in-unit washer/dryer. There’s coin laundry in the building.

This building is pet and smoke free.

This unit originally came on the market 8 months ago, in June 2016 for $749,000.

It has been reduced $20,000 to $729,000 in that time.

Unit #2410, 10 floors underneath it but with hardwood floors, sold in July 2016 for $615,000.

With inventories at record lows, what will it take to sell this unit?

Louis Virgilio at American Realty Services has the listing. See the pictures here.

Unit #3210: 3 bedrooms, 2.5 baths, 1576 square feet

  • Sold in October 1992 for $320,000
  • Sold in June 1997 for $392,000
  • Originally listed in June 2016 for $749,000
  • Reduced
  • Re-listed in February 2017 for $729,000
  • Assessments of $1101 a month (includes heat, a/c, doorman, cable, exercise room, indoor pool, exterior maintenance, lawn care, scavenger, snow removal)
  • Taxes of $9095
  • Central Air
  • No washer/dryer in the unit (not sure it can be added)
  • Parking is valet for $160 a month
  • Bedroom #1: 12×17
  • Bedroom #2: 11×13
  • Bedroom #3: 11×12

 

 

9 Responses to “Not Everything is Selling in a Week: A 3-Bedroom at 2650 N. Lakeview in Lincoln Park”

  1. “As you can see from the pictures, it hasn’t been renovated. There is carpet throughout”

    The kitchen isnt from ’97. White tile in kitchens sucks. Spending $20k on flooring and some Bathroom upgrades would help this place out a ton.

    The flooring, no in unit W/D and the assessment

    Whomever buys this will need to want an indoor pool

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    Rating: -2 (from 4 votes)
  2. Should be

    The flooring, no in unit W/D and the assessment are a problem at this price point IMO

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    Rating: -2 (from 6 votes)
  3. $4700+/month to live in this bland shoebox with the pleasure of having to pay extra for parking and use shared laundry. $1858/month out the window before mortgage and a slew of other fees just to move in and simply use what few perks the building has. Fail. Complete fail.

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    Rating: +4 (from 8 votes)
  4. @Elliot – but but LINCOLN PARK!

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    Rating: +2 (from 8 votes)
  5. And its a tiny 3 bedroom. only 1,576 SF.

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    Rating: +2 (from 6 votes)
  6. Yup – -carpet, coin laundry, cheap finishes elsewhere. Total utter Fail. The fabulous views are in no way just compensation for wasting part of your day keeping an eye on your laundry.

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    Rating: +7 (from 7 votes)
  7. I sold a similar sized unit 2 blocks down the street (but fully gut-renovated) 1.5 years ago for $100k less… all cash in 30 days. Back out the cost to renovate a kitchen, 2.5 baths and flooring/electric/walls/doors….. I’d say this place is not selling b/c its overpriced by $200k. It’s a headache when renovating a high-rise unit in the city.

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    Rating: +3 (from 3 votes)
  8. Assessment is not outrageous given the square footage and age the building. The dated finishes and coin laundry would still make it a deal breaker even if 200k is deducted from the asking price.

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    Rating: +1 (from 5 votes)
  9. It’s a good place for Jan Terri. Cold Old Style anyone?? Time for Cubbies!!!

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    Rating: +3 (from 3 votes)

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