You’ll Pay $849,00 for a 3-Bedroom New Construction Penthouse in West Lakeview: 1342 W. Belmont

1342 w belmont

This 3-bedroom penthouse at 1342 W. Belmont in West Lakeview recently came on the market.

This is a new construction 6-unit building with an elevator and 1-car parking per unit.

The building also has a heated front sidewalk and security cameras throughout.

The units have 10-foot ceilings, heated floors and large front-facing terraces.

The kitchens have luxury appliances by Fisher and Paykel.

There’s porcelain tile throughout and the bathrooms have custom glass showers.

This is one of two penthouse units and has a private rooftop deck.

The new extra large Whole Foods has opened just 2 blocks away and the shops and restaurants of Southport are nearby as well.

The listing says this building is in the Burley school district.

It looks like at least 2 out of the 6 units are already under contract.

Has Lakeview reached a new price level for luxury condos?

Jeff Lowe at Berkshire Hathaway KoenigRubloff has the listing. See the pictures here.

Unit #4W: 3 bedrooms, 2 baths, no square footage listed.

  • New construction
  • Currently listed for $849,000
  • Assessments of $350 a month (includes scavenger)
  • Taxes are “new”
  • Central Air
  • Washer/Dryer in the unit
  • Bedroom #1: 14×11
  • Bedroom #2: 14×11
  • Bedroom #3: 14×10
  • Front terrace: 26×8
  • Rooftop deck: 18×14

15 Responses to “You’ll Pay $849,00 for a 3-Bedroom New Construction Penthouse in West Lakeview: 1342 W. Belmont”

  1. I knew exactly what the finishes looked like before even viewing the listing. What a cliche. 14×11 master? No thanks. The terrace is the only thing special this place has goong for it.

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  2. JAN TERRI CANT DRINK OLD STYLE HERE LOLZ!!!
    OR EVEN FIT IN DA TUB!!!
    GO CUBBIES!!!!

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  3. “1342 W. Belmont in West Lakeview”

    What is this west of? East Lake View?

    It’s east of SoPo, even; doesn’t that just make this Lake View? Is LV just the area between Racine and Clark?

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    Rating: +3 (from 3 votes)
  4. I don’t like the balconies. They are so enclosed that it makes the units dark. I can’t imagine living directly on Belmont. The finishes are boring. I’m so sick of that color palette.

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    Rating: +4 (from 4 votes)
  5. I don’t think the place is that bad, but no way I’d pay $850k to live on Belmont. The finishes are getting tired…

    I’d be curious to know what the next trend is going to be in terms of paint/finishes.

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    Rating: +5 (from 5 votes)
  6. “new extra large Whole Foods has opened just 2 blocks away”

    free galaga!

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  7. totally agreed, sick of the black wood floor white bleached everything else, it’s like a bad scifi movie.

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  8. “I knew exactly what the finishes looked like before even viewing the listing.”

    So, here’s the real question: when, in 5 years, these finishes look ‘tired’, what sort of discount to ‘new’ is this unit looking at? 20%? more?

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    Rating: +2 (from 2 votes)
  9. The finishes seem like a typical high-rise condo. They certainly were not going for the loft look, even with 10-foot ceilings.

    At what condo price point in Chicago does a buyer expect a view? For $850K, this “penthouse” unit offers no view. A view of Belmont Ave doesn’t count for much. I know that most condos in low buildings don’t have much of a view. But most condos in low buildings are not priced at $850K.

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  10. “What is this west of? East Lake View?

    It’s east of SoPo, even; doesn’t that just make this Lake View? Is LV just the area between Racine and Clark?”

    anon (tfo)- if you walk down Lincoln just 2 blocks west of here, there are actually city street signs with maps that say “West Lakeview”.

    I’m assuming Halsted is likely the dividing line between east and west, much as it is in Lincoln Park. But the West Lakeview Neighborhood Association uses Racine and it uses Belmont on the south (but areas south of Belmont are routinely also called “west lakeview” by locals and in the signs on the street.)

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  11. “West Lakeview Neighborhood Association”

    So, I assume we’ll never see “Southport Corridor” again if it’s between 3200N and 3600N?

    Strangely, the office for Southport Neighbors is in “West Lakeview”–south of Addison.

    “Lincoln just 2 blocks west of here…”

    is at Ashland. So, yeah, west of SoPo, which then makes sense.

    The East Lake View Neighbors association goes as far west as Clark and Irving, so west of the eastern edge of “west” lakeview. So, basically, the whole 44th ward is stupid.

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  12. south of Belmont is South Lakeview Neighbors (Racine-Ravenswood, Diversey-Belmont).

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  13. The only thing I like about this is the enclosed front porch. At least enclosed it can become a three season space. Because the owner of this place will want to see Belmont Ave in all its glory as much as possible.

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  14. No square footage means small space

    shady developers and realtors that do this sort of thing

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    Rating: +2 (from 2 votes)
  15. I think the finishes have a few more years left in them. Where do the trends start from and where can we look for the next thing? The first time I personally saw the subject finishes was in a movie (just looked it up). It was The Ghost Writer and it was from 2010 and it was filmed in northern Germany. It was shortly thereafter, perhaps in 2013 in Chicago, where the espresso floors, quartz counters, and rectangle sized bath tile became common here. Gone were the good old 42″ maple cabinets, granite, and 12″x12″ marble bath tile from the condo boom days.

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