A Rare Vintage 3-Bedroom in the Heart of River North: 55 W. Erie

55-w-erie-approved

This top floor vintage 3-bedrom at 55 W. Erie in River North just came on the market..

This building was constructed in 1884 and has 9 units.

It’s one of the few vintage condo buildings that remains standing in┬áthe River North neighborhood.

This unit has north and south exposures along with high ceiling.

There’s exposed brick in the living room and the kitchen along with 2 fireplaces, including a wood burning fireplace in the living room.

The listing says the baths have been rehabbed to a “spa-like” level and have remote controlled heated floors.

The kitchen has white cabinets, granite counter tops, stainless steel appliances and a built-in breakfast nook.

The building has no parking but the listing says there is a spot available in 33 W. Ontario for $25,000.

It has the other features buyers look for including central air and washer/dryer in the unit. There is also a storage locker in the basement.

The listing doesn’t indicate that there is an elevator in the building. You would have to take the stairs.

However, a 3-bedroom in a vintage building in River North is rare.

At $499,000, is this priced to sell quickly?

John Mawicke at @Properties has the listing. See the pictures here.

Unit #4E: 3 bedrooms, 1.5 baths, no square footage listed

  • Sold in May 1998 for $170,000
  • Sold in June 2000 for $245,000
  • Currently listed for $499,000
  • Assessments of $468 a month (includes exterior maintenance, scavenger)
  • Taxes of $6673
  • Parking is available at 33 W. Ontario for $25,000
  • Central Air
  • Washer/Dryer in the unit
  • Bedroom #1: 14×12
  • Bedroom #2: 14×10
  • Bedroom #3: 10×10

8 Responses to “A Rare Vintage 3-Bedroom in the Heart of River North: 55 W. Erie”

  1. Lots of compromises what with the no on-premise parking, only 1.5 baths, top floor walkup and no outdoor space but yes, super rare so I think someone will bite unless there are issues not apparent with the pjotos.

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  2. must suck raising two kids in this place… no wonder they are selling

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  3. For sure someone will bite at this price.

    Kinda weird how both bathrooms have such similar finishes and unique. The pictures of the baths were like those puzzles where you have to look really hard to realize that they are in fact two different toilet / vanities. Why no picture of the tub or shower?

    Anywho. I bet the occupants are super fit after hauling baby stuff up and down those stairs all these years! Great place if you don’t have kids though.

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  4. two of the bedrooms are smaller than my bathroom. lol

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  5. Agreeing with everything said above, this is probably still a deal for the price and location. If that second bath was a full bath this would be gone already.

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  6. I can’t imagine walking up these stairs with packages plus kids. And they could be twins with how the bedroom is set up. A European or New Yorker will buy this that aren’t afraid of the walk up.

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  7. Reduced to 475

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  8. Waaaay too quick to drop the price. I smell blood.

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