Looking for a Duplex Penthouse with a Private Roof Deck? 40 E. 9th in the South Loop
This 3-bedroom penthouse in Burnham Park Plaza at 40 E. 9th in the South Loop recently came on the market.
It’s a duplex that acts like a single family home or a townhouse.
The main level is an open concept with the living/dining and kitchen, the 3 bedrooms and a den.
The kitchen has stainless steel appliances, dark cabinets, and what looks like granite counter tops.
The second floor has a 26×24 great room, which could possibly be a fourth bedroom as there is a full bath as well as a closet.
The second floor also has a huge 26×46 wraparound private roof deck with city views.
It has central air and washer/dryer hook up in the unit (not sure why you wouldn’t install this if the hook-ups are there). The assessments include the heat and air.
The unit also has 2 car deeded garage parking included.
Back in the bust, this unit became bank owned in 2010. They couldn’t sell it but finally did at an auction sale in 2011 for $365,500.
It has come back on the market for $675,000.
Has the market finally healed itself from the bust?
Patrick Natale at Coldwell Banker has the listing. See the pictures here.
Unit #1916: 3 bedrooms, 4 baths, no square footage listed, duplex up
- Sold in September 2006 for $1.55 million
- Bank owned in February 2010
- Listed but didn’t sell
- Finally sold at auction in March 2011 for $365,500
- Currently listed for $675,000 (2 car parking included)
- Assessments of $2191 a month (includes heat, a/c, doorman, cable, exercise room, exterior maintenance, lawn care, scavenger, snow removal)
- Taxes of $14,313
- Central Air
- Washer/Dryer hook-ups in the unit
- Bedroom #1: 15×29 (main level)
- Bedroom #2: 15×10 (main level)
- Bedroom #3: 11×8 (main level)
- Den: 13×8 (main level)
- Family room: 26×24 (second level)
- Deck: 26×46
Live in the South Loop and pay Gold Coast assessments! Fail.
What the fuck, why are there so many places to sit? How fat is the person that lives here that can’t even make it a few feet without needing a chair to sit in?
What the hell is up with picture #14? the closet is your headboard? lol
This place is really a horribly laid out 2 bedroom 4 bath place
Although with those assessments good luck selling it at this price…, the auction price seems about right
LOAN FRAUD FUN!!!!!!
JAN SEZ FAIL. GO HOUSTONS LOLZ!!!!!!!!!!!
$1.55M in 2006…….WOW! I pretty much hate everything about this place. The layout, location, HOA, paint colors, diagonal light floors. Yuck.
LOFL at someone paying $1.55MM for this. Can one of you internet sleuths (HD or TFO looking at you) name the person who paid this?
The Interior Designer/Architect shoukld turn in their license
Kind of a funky place but they’re out of their gord looking for $675. Decluttering and dropping the ask to $450M would help
why are there so many places to sit?
and so many TVs to watch while sitting.
What’s up with the ceilings?
The Interior Designer/Architect shoukld turn in their license
As should the realtor who took the deck pictures on a cloudy day.
“LOFL at someone paying $1.55MM for this.”
100% financed by Countrywide, with 2 broker originated loans ($1m and $550k). Borrower executed via his brother with POA. Brother is *referenced* in another person’s mortgage fraud prosecution.
Fraud like that was so common during that period and primarily responsible for the crash. However, it gets glossed over a lot in the media spinning tales of “predatory lending” and the high profile Big Short stuff.
At that time, Countrywide had their “Fast & Easy” stated income loans… we called them Fast & Sleazy. Stuff like this could have been easily caught, but banks dropped all pretense of trying to do any due diligence and completely underestimated how much people would take advantage of the lax guidelines to commit fraud.
No one could make that loan today. Most of the fraud now is phishing scams trying to get banks and borrowers to wire money to fake bank accounts.
“the high profile Big Short stuff”
All based on sniffing out the existence of “that much” fraud, and then figuring out how to profitably short that market.
This layout would be exactly what I’m looking for. I love the top floor as a master suite/ Office and then combine the other bedrooms are in their own “wings”. However, the price, assessments, taxes , location are ridiculous. And this owner must work for Herman Miller and they get all these chairs for free or cheap at sample sales.
” And this owner must work for Herman Miller and they get all these chairs for free or cheap at sample sales.”
I was thinking they were probably in sales at DWR. Other higher end modern brands there too (Knoll).
Thanks for reminding me how crazy everyone was in the 00s. Our monetary masters are beavering away with the fairy dust in hopes of a repeat.
While the place is weirdly configured and has nightmarish assessments, it IS huge and has a lot of possibilities, though those will take more money to realize. I say $450K.