Love Private Terraces and Rooftop Decks? A Lakeview Penthouse at 545 W. Aldine

545 w aldine

This 2-bedroom penthouse at 545 W. Aldine in East Lakeview recently came on the market.

It’s a true penthouse in this 30-unit elevator building.

According to the listing, this unit was a 3-bedroom but a wall was removed for the third bedroom to make a larger living room.

It has a big terrace that stretches across the length of the unit as well as a second floor private rooftop deck with 360 degree city views.

The unit has diagonal cherry floors, 8 foot doors, arches and a marble foyer.

The kitchen has a skylight and luxury stainless steel appliances.

The master suite has 2 walk-in closets as well as a spa bath.

It has central air and a large 12×10 laundry room.

I can’t tell if parking is included or not but there’s a garage parking space available.

Is this condo a terrace lover’s dream?

Gregory Desmond at @Properties has the listing. See the pictures here.

Unit #7A: 2 bedrooms, 2.5 baths, 2266 square feet

  • Sold in September 2000 for $789,000 (parking included)
  • Sold in July 2015 for $1,128,500 (parking included)
  • Currently listed for $1,195,000 (can’t tell for sure if parking is included)
  • Assessments of $896 a month (includes cable, Internet, exterior maintenance, lawn care, scavenger, snow removal)
  • Taxes of $17,394
  • Central Air
  • Washer/Dryer in the unit
  • Bedroom #1: 19×16
  • Bedroom #2: 15×11
  • Laundry room: 12×10
  • Rooftop deck: 43×36

10 Responses to “Love Private Terraces and Rooftop Decks? A Lakeview Penthouse at 545 W. Aldine”

  1. Nice place but I could buy a SFH with twice the legit sq footage (this SF is exaggerated) and no assessments or condo board to deal with for this kind of money. No, it wouldn’t be in this neighborhood but personally I don’t care about that in the least. While I love outdoor space and this place has some of the best I don’t get the massive premium seemingly asked for it here.

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    Rating: +5 (from 5 votes)
  2. JAN TERRI SEZ SF FAIL!!!!!!!!
    GO CUBBIES!!!!!

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    Rating: -3 (from 11 votes)
  3. Perfect spot for a Jan Terri concert

    The premium for this would buy a lot of Old Style

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    Rating: +1 (from 5 votes)
  4. Unit is nice but all cabinets (kitchen/baths) need to be painted or replaced.

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    Rating: +2 (from 4 votes)
  5. Am I the only one who can’t stand those concrete columns on some of the decks/balconies? They drive me absolutely crazy. I imagine the developer thinking, “This is a plain building. Let’s add some faux columns to appeal to the faux rich, so it looks like it has character.”

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  6. Another overpriced $1mm+ property yayyy

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    Rating: +3 (from 5 votes)
  7. Agree with Sid V. I’d go west of here and buy a SFH. A million bucks and some change can probably still get 3k square feet in decent parts of lakeview..

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  8. “Agree with Sid V. I’d go west of here and buy a SFH.”

    Are people who are legit looking at ~$1m 2 bedroom condos actually cross-shopping SFHs?

    I mean, I, too, would clearly take that $$ and buy something like this:

    https://www.redfin.com/IL/Chicago/1816-W-Melrose-St-60657/home/13385247

    but that’s 1,000% apples and oranges.

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  9. anon ( tfo ),

    I think so…

    my wife and I really liked the high-rise condo lifestyle and seriously considered it moving forward as a family. We have friends that do both -but more and more of our single friends are opting for SFH’s – even those working with lower income potential are choosing to buy in further out parts of logan square, ravenswood and even avondale (yikes) – the appeal of having your own home, a basement, a ( potential ) back yard or a rooftop is pretty high.

    We are doing the SFH thing right now and while we miss our condo’s views, pool, and friendly door staff – it doesn’t replace having my own basement theater set up, rooftop lounge area, and general feel of having a ‘house’.

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    Rating: +4 (from 6 votes)
  10. I recently chose a SFH in this range over a condo, a two bed condo technically would be enough space for my situation and we looked at some, along with townhouses-everything has its pluses and minuses and a broad range of properties and neighborhoods have at least some appeal. However, being a bit further north and west than some (not me) think is acceptable ultimately proved to be a small (nonexistent?) price to pay for all of the benefits Riz mentions (got the rooftop lounge area and basement home theatre going on as well), plus no more communal living. it’s been a change for the better vs. condo life, or high-amenity rental life, which I’ve done also.

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