Is Southport Still Hot? A 2/2 Under $450,000 at 1433 W. Addison

1433 w addison

This 2-bedroom at 1433 W. Addison in the Southport neighborhood of Lakeview just came on the market.

It’s on the second floor of these vintage buildings on the corner of Addison and Janssen that was converted into condos at the height of the housing bubble in 2006.

There are 19 units in the building.

It has 10 foot ceilings and an open concept.

The kitchen has 42 inch maple cabinets, granite counter tops, stainless steel appliances and an island that seats two.

There’s a private balcony off the front of the unit, facing Addison.

There are California closets throughout.

The master suite ahs a spa-like marble bath.

The unit has central air and washer/dryer in the unit but it doesn’t have any parking.

Southport used to be the starter neighborhood for many in Chicago.

Is it still in demand in 2017?

Leigh Marcus at @Properties has the listing. See the pictures here.

Or see it at the Open House this Saturday and Sunday, 8/26 and 8/27, from 1 to 3 PM.

Unit #2: 2 bedrooms, 2 baths, no square footage listed

  • Sold in April 2006 for $400,000
  • Sold in October 2013 for $355,000
  • Currently listed at $435,000
  • Assessments of $324 a month
  • Taxes of $5363
  • Central Air
  • Washer/Dryer in the unit
  • No parking
  • Bedroom #1: 13×11
  • Bedroom #2: 13×12

9 Responses to “Is Southport Still Hot? A 2/2 Under $450,000 at 1433 W. Addison”

  1. Not a bad place but the no parking, again, is a deal killer. Traffic is awful too. I used to live a little west of here and getting anywhere was an ordeal because traffic on Addison and side streets moves at quite literally a snails pace, especially on game days in the spring and summer. This unit was obviously a rental for 80-90 years before some overzealous developer converted it to a condo at the height of the bubble. Granite counter tops and a metal balcony don’t change the fact that this would have been better off as a vintage rental for $2,200 a month.

    VA:F [1.9.22_1171]
    Rating: +5 (from 11 votes)
  2. did they enclose those balconies and then add a metal balcony?

    VA:F [1.9.22_1171]
    Rating: +2 (from 4 votes)
  3. “did they enclose those balconies and then add a metal balcony?”

    No, it looks like they put in sliding glass doors and added the balconies.

    VA:F [1.9.22_1171]
    Rating: +2 (from 4 votes)
  4. “did they enclose those balconies”

    Pretty sure those were sunrooms before conversion, so fully enclosed.

    VA:F [1.9.22_1171]
    Rating: +3 (from 3 votes)
  5. JAN TERRI MEH LOLZ!
    NO OLDSTYLE HERE…
    GO CUBBIES!!!!

    VA:F [1.9.22_1171]
    Rating: +3 (from 7 votes)
  6. 1437 W Addison #3 is on the market for $385,000. Other than the California closets, I don’t see much difference.

    https://www.redfin.com/IL/Chicago/1437-W-Addison-St-60613/unit-3/home/18936051

    VA:F [1.9.22_1171]
    Rating: +4 (from 4 votes)
  7. For all the talk of moving south: Chicago may not have Houston’s weather, but it also doesn’t have Houston’s weather.

    VA:F [1.9.22_1171]
    Rating: +3 (from 5 votes)
  8. “For all the talk of moving south: Chicago may not have Houston’s weather, but it also doesn’t have Houston’s weather.”

    More of this will develop as climate change worsens. The Midwest is actually well situated for climate change even with hotter summers.

    VN:F [1.9.22_1171]
    Rating: +1 (from 5 votes)
  9. Those balconies are really weird looking. I also can’t tell if this unit is dark and dreary or if it’s just the pictures. The other unit listed for $385k looks nicer to me.

    VA:F [1.9.22_1171]
    Rating: +2 (from 2 votes)

Leave a Reply