Get a 4-Bedroom Restored 1885 Gold Coast Mansion for Under $2.4 Million: 1404 N. LaSalle

1404 n lasalle

This 4-bedroom single family home at 1404 N. LaSalle in the Gold Coast/Old Town came on the market in May 2017.

Built in 1885, this limestone home is on a 20×99 lot yet still manages to have 3-car parking with a car turntable.

There are 5 fireplaces including an original one in the restored dining room which also has inlay patterned wood floors and a vintage chandelier.

The listing says the kitchen is a custom “chef’s kitchen” with Viking appliances, wet bar, an expansive marble island and an attached sun room which leads to a Trex deck.

Two bedrooms are on the second floor and both are en suite.

The master bedroom is on the third floor with tray ceilings, a spa bath and a cedar rooftop deck with a hot tub and outdoor fireplace.

The fourth bedroom is in the lower level along with a full bath and the family room.

The listing says the house is a “smart home” and has new lighting, wiring, plumbing, and surround sound.

It also says its in the Ogden and Lincoln Park High School school districts.

The house has been reduced $310,000 to $2,349,000.

LaSalle Drive in the Gold Coast/Old Town area is often overlooked by buyers.

Is this house a deal compared to new construction?

Steve McEwen at Coldwell Banker has the listing. See the pictures here.

1404 N. LaSalle Drive: 4 bedrooms, 4.5 baths, 5802 square feet

  • Sold in October 1997 for $297,500
  • Originally listed in May 2017 for $2,659,000
  • Reduced
  • Currently listed for $2,349,000
  • Taxes of $19,656
  • Central Air
  • 3-car garage parking with turntable
  • 5 fireplaces
  • Bedroom #1: 16×19 (third floor)
  • Bedroom #2: 15×19 (second floor)
  • Bedroom #3: 12×21 (second floor)
  • Bedroom #4: 12×19 (lower level)
  • Library: 14×15 (second floor)
  • Recreation Room: 16×30 (lower level)
  • Deck: 15×27 (third floor)

34 Responses to “Get a 4-Bedroom Restored 1885 Gold Coast Mansion for Under $2.4 Million: 1404 N. LaSalle”

  1. Pretty sweet place, I’d have done some of the finishes differently but for once I don’t have a lot negative to say. Well actually the SF is overstated, they’re practically counting the entire lot size as interior space. Still, I think it will sell.

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  2. Love the dining room, kitchen and garage. Shame that the cool deck is accessed through a bedroom.

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  3. This is exactly what I’d want if I had lots of money.

    How are the taxes so low?

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  4. If you ever do the Dearborn Garden walk you get to see into these backyards – they are huge. I never knew they were so deep and secluded. Im still trying to figure out what the car turntable is for.

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  5. Marko, so you can turn the car around since there isn’t much of a driveway. Also, considering the entrance is on LaSalle, it probably makes it easier to turn car around so you don’t have to reverse onto a busy street.

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  6. @Russ – thanks! We’ve been trying to figure this out for 20 min. over here, we thought it was to squeeze more cars into a tight space but pulling out forward makes far more sense.

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  7. ” in the Ogden and Lincoln Park High School school districts.”

    obligatory “better budget for private school” comment coming soon.

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  8. “practically counting the entire lot size as interior space”

    It does have 4 levels, so up to 8,000 sf possible.

    The sf does seem to include the garage space, tho, which is pretty silly.

    “How are the taxes so low?”

    1. Assessor Sq.Ft.: 1964
    2. ’16 taxes actually $21,509.59
    3. Last sale was 20 years ago

    So, it is compared for assessment purposes to places less than half its actual size, and it is still assessed as being worth over $1m.

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  9. No wonder all the rich assholes in this town are liberals, they are so good at avoiding taxes!

    I think the house is fine but I wouldn’t want to live on freaking lasalle, no way, its like a damn highway and jammed with jerks with loud muffler noise practically 24/7

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  10. Great home. Not my choice of location (busy street).

    I love the outdoor fireplace, but I don’t see anywhere to store the firewood for it.

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  11. This is not really the Gold Coast, and is really the no-mans land between Old Town and Gold Coast. If it is Gold Coast this would be a good deal, if it is Old Town, it would be a bit over-priced.

    But location aside, i really like this place. A good mix of vintage + modern.

    I previously looked at another house on LaSalle. Ultimately decided not to purchase it because of the high traffic on LaSalle. That one ultimately sold at $1.6M

    https://www.redfin.com/IL/Chicago/1007-N-LaSalle-Dr-60610/home/14110536/mred-08786325

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  12. “if it is Old Town, it would be a bit over-priced”

    Well, if it’s stuck at 1404 no matter what, maybe, but if you could move it a little north or south (still bt 1200 and 1600) maybe not.

    Here’s something at 14xx that’s “in” OT, and asking more:

    https://www.redfin.com/IL/Chicago/1416-N-North-Park-Ave-60610/home/14117757

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  13. It’s actually not in the Ogden District. The east side of LaSalle goes to Ogden while the west side goes to Manierre.

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  14. “@anon
    Here’s something at 14xx that’s “in” OT, and asking more:
    https://www.redfin.com/IL/Chicago/1416-N-North-Park-Ave-60610/home/14117757

    WTF $3MM to live two blocks away from the Marshall Field housing projects? Are they kidding? You would have to be a fool to buy that for $3M, no matter how nice/new it is.

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  15. Good find, anon. That striped house is crazy.

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  16. “You would have to be a fool to buy that for $3M”

    Yep. And it’s a short lot, just like the featured property, so the dirt is worth even less.

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  17. “That striped house is crazy.”

    I actually kinda like it, but it would be much better on a standard (or slightly bigger) lot, so it could have a real mudroom at the back door, and space for at least a coat tree or something between the front door and the stairs.

    And OMG sooooo many stairs! Along with the elevator.

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  18. Stripe house has “curated design”. Barf.

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  19. “It’s actually not in the Ogden District. The east side of LaSalle goes to Ogden while the west side goes to Manierre.”

    Someone better tell the listing agent then.

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  20. I’ll have to walk by to see what they took down to build that OT house. There certainly is a lot of construction going on in that part of OT right now.

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  21. “Someone better tell the listing agent then”

    Someone better tell the buyers!

    However, Manierre is only one level behind Ogden. 2 plus vs 1. When Ogden and Jenner merge, Ogden will lose even more points.

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  22. “Yep. And it’s a short lot, just like the featured property, so the dirt is worth even less.”

    on the El Tracks no less…

    very interesting house no doubt but that location is less than desireable

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  23. “Someone better tell the listing agent then.”

    It’s actually kinda surprising that they didn’t claim that it was in teh Payton “district”.

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  24. “However, Manierre is only one level behind Ogden. 2 plus vs 1. When Ogden and Jenner merge, Ogden will lose even more points.”

    This was just a move by developers to get more of Cabrini Green homes into the good Ogden district. However, here is the interesting part. Currently only about 200 students are at Jenner, while there are almost 1,000 students at Ogden. There are now a lot of yuppie families in the Jenner district that send their kids to private school. One unintended consequence is that these Yuppies will instead start sending their kids to the merged Ogden/Jenner school since it is free and Ogden is considered a good school where their kid won’t be the only white child as currently in Jenner. So….bye bye current composition of Jenner…eventually it won’t be a black majority school.

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  25. “bye bye current composition of Jenner”

    That is, of course, a huge part of the point.

    If there were the political will to really reconsider the facility allocation and boundary lines in greater old town, there are a lot of different options for reorganization and ‘right sizing’ using the school buildings in the area: Lincoln, LaSalle I, Newberry, Franklin, Manierre, Jenner, Ogden.

    No one is willing to temporarily upset that many people, tho.

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  26. “One unintended consequence is that these Yuppies will instead start sending their kids to the merged Ogden/Jenner school since it is free and Ogden is considered a good school”

    This is actually the intended consequence. It’s not really a merger rather it is a takeover of an underutilized building. This has happened before when Carpenter Elementary was taken over to become Ogden West.

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  27. Yeah the Jenner school was 100% black yet the district is well over 50% white now and wealthy asians and indians are in the district as well, next census will be interesting to see the changes

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  28. “Yuppies”

    This is still a thing? I thought that ended in the late 1980’s.

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  29. Most of the yuppies will leave CPS by the time the oldest kid reaches 2nd or 3rd grade or they outgrow the 2/2 they currently reside in. See ya in Elmhurst!

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  30. young urban professionals are more of a thing than ever, what are you on?

    Or perhaps the terminology has changed from Yuppie to ‘basic bitch’ and ‘basic bro’

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  31. “Or perhaps the terminology has changed from Yuppie to ‘basic bitch’ and ‘basic bro’”

    This

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  32. The developers had no play in the Ogden’s/Jenner merger. It actually came up with the Ogden LSC. But, after doing a feasibility study, it was determined that having three campuses was a lot, and it wouldn’t even solve the overcrowding issue. Then this pastor and his wife who work at some church on the 1400 Dearborn decided it was “unfair” that nobody wanted to go to school with the black kids.so the pastor on Dearborn got his whole congregation to vote him on the LSC, so he is spearheading this thing under the guise of social justice. So it got into a ridiculous social experiment issue. Plus, some people have a few kids at the school and pick up and drop off was going to be silly at three different campuses.

    Plus, Ogden couldn’t even manage what it had. Principals are quitting, teachers are quitting, it’s a mess. Adding a completley different culture to a school that isn’t excelling is a recipe for disaster.

    Further, if Jenner merged with Ogden, they lose their Title 3 status, (meaning lots of extra money from the feds).

    The smartest thing to do was to make Jenner an options school. Clooney, South Loop,
    Pritzker excelled at this program. Basically, take a failing neighborhood school, and make half of it a test in, magnet school for gifted kids. After you get a more diversified student population, all kids from the neighborhood, black, white, Asian, all fit in. It was a no brainer. But we are talking about CPS.

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  33. “The smartest thing to do was to make Jenner an options school.”

    Yep. My play would have been to move LaSalle there, and open up that building to be extra room for Lincoln.

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  34. FYI to those who have been relentlessly disparaging Ogden for the past year the new report came out and Ogden is back to being Level 1+
    http://cps.edu/Schools/Find_a_school/Pages/findaschool.aspx

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