Back to the Boom-Era Highs at 2000 N. Lincoln Park West? A 2-Bedroom in Lincoln Park
This 2-bedroom at 2000 N. Lincoln Park West in East Lincoln Park just came on the market.
The building was constructed in 1931 and has 195 units, many which have lake and Lincoln Park views.
This building used to be apartments until it was converted into condominiums in 2004-2005 at the height of the boom. The developer offered an upgrade package for the kitchens which consisted of new cabinets, granite counter tops and stainless steel appliances.
A lot of investors bought in this building which resulted in foreclosures during the bust.
We chattered about the short sales and the foreclosures numerous times from 2008-2012. Here’s a November 2008 chatter about the distress sales in the building.
This 2-bedroom was also bank owned in 2016 and re-sold in 2017.
Now it has returned to the market “fully remodeled by a professional designer”.
This corner unit has the preferred Lake Michigan views.
It also has built-in shelving and engineered flooring.
That’s a decorative fireplace in the living room, however.
The listing says it has a “custom” kitchen with modern black and white cabinets, quartz counter tops and stainless steel appliances.
The unit has a master suite with a heated towel warmer in the bathroom and a walk-in closet.
There are Grohe faucets, custom window shades and an in-unit washer/dryer.
It doesn’t have central air, but has window units.
It also doesn’t have parking.
Currently listed at $527,000, that is $7,500 more than the 2005 boom era sales price of $519,500.
Has this building recovered all of its bust-era losses?
Estera Wilson at Compass has the listing. See the pictures here.
Unit #802: 2 bedrooms, 2 baths, no square footage listed
- Sold in June 2005 for $519,500
- Lis pendens foreclosure filed in August 2015
- Bank owned in December 2016
- Sold in April 2017 for $294,000
- Currently listed at $527,000
- Assessments of $804 a month (includes heat, gas, doorman, cable, Internet, exercise room, exterior maintenance, lawn care)
- Taxes of $4686
- No central air- window units only
- In-unit washer/dryer
- No parking
- Decorative fireplace
- Bedroom #1: 16×12
- Bedroom #2: 15×12
- Living room: 14×22
- Dining room: 9×11
- Kitchen: 7×10
How do they have a fire in a decorative fireplace?
The Professional designer should really be congratulated for such an original design. I’ve never seen a kitchen like that before. And butting the bathroom vanity up against the glass shower wall while leaving the existing plumbing protruding off to the side and placing the electrical outlet below and to the side of the top for us uncouth may seem like a lack of paying attention to details, but no my friends this is mark of a true “Professional Designer”. If this Professional Designer hasn’t added “Award Winning” to their title, the world is a much poorer place
You can’t put lipstick on a pig. This building was built as a rental and the unit still screams “rental” no matter how many designer finishes they try to slap on. Someone paying over $500,000 for a 2 BR here is being taken for a ride. But I don’t expect that to happen.
Thats an interesting “sink hole” in the kitchen
This place is bizarre, the bathrooms look so strange
why would anyone buy a place for $500k and not be able to do laundry in your own apartment!?! Epic fail.
How do you wash a frying pan in that kitchen sink? Cookie sheet?
Is that Michael Scott’s TV hanging in the living room?
This unit is so filled with fail its awesome
The Professional Designer must have spent countless hours agonizing over the bathroom light fixture. I think their wont to stay with a minimalist vibe paid off. Though personally I would preferred the pull string version.
Bravo to this Professional Designer for having the guts to use the Kitchen floor tile on the bathroom walls. Their LEED ™ accreditation shines thru.
Good call on the Kitchen Sink
Went to a Zoo Lights pre-party in a unit here once. Other than the view, as Dan notes, it’s a renter’s building (I recall our friends who hosted the party were paying super low rent, even lower than the sweet deal we had up the way at the Marlborough ).
@ JohnnyU
I’ll give you that the photoshopped fire in the decorative fireplace is pretty deceptive, blame the broker for that one. You may not like the kitchen but I’m guessing that’s what the client ultimately wanted, blame the homeowner for that one.
However, you have zero proof that the placement of a side protruding bathroom vanity and misplaced electrical outlet were just poor design decisions. You haven’t a clue if the existing plumbing and electrical conduit were entombed in solid 87 year old masonry, which I’m guessing it was, making it nearly impossible to move without totally ripping up a rock solid wall, disrupting the original unfixable/irreplaceable 1931 cast iron drain, all while staying within Chicago’s impossibly prohibitive union written building codes; I’m also guessing such demolition would be curbed by the building’s restrictions on just how far you can take an apartment renovation.
I don’t know the designer, the owner, the broker, nor the building, but having gone through two complete renovations on solid OLD houses and currently in the process of restoring a 1937 head scratching third, I can say without hesitation that your adolescent opinion regarding what’s actually involved in fixing perceived flaws you see from the comforts of your remote laptop – move a sink and an electrical box, is quite telling of your snarky renters status. I suggest you lay off the HGTV.
Those little knubs by the sink are the shut-off valves for the sink and shower – pretty typical 20’s setup in a high-rise.
I feel like such a philistine because I like the reno and decor. I am clearly not as sophisticated as the rest of the chatterati.
However, I would not pay half a mil to live here.
Madeline, I am with you. I like the look of the place – – although lack of laundry and that silly kitchen sink..yeah this place screams “$350K!!”
Jay
I actually said its a lack of paying attention to details.
That being said and while I enjoy your sniveling and attempted humble brag, I’ll help you out with the vanity issue. Move it over 6″ and make a cut out in the back, might need to drop the vanity an inch or 2 or modify the electrical plate to solve that problem
If you need anymore guidance in your rehab projects, just let me know. I too struggled with the basics when I was 18, lucky for me it didnt take 3 rehab projects to come up with solutions that didn’t look like crap.
It does have in-unit laundry, doesn’t it?
Anyway, there are a number of 2/2 units from that building for sale right now, and a couple of 1/1s that are contingent, but I can’t find a 2/2 sale to compare within the past year or two. Interesting. One on a lower floor is for sale for over $600K, and there are 2 for sale on the 13th floor.
I like the location, and have never been in the building — what makes it a renters building (other than perhaps lots of renters)?
This is for the divorced lawyer who wants to stay near the kids who live on Geneva Terrace. He can shuttle them to Lincoln Park school one morning a week, take them to the zoo on saturdays, and then, when the kids grow up, he can rent this place.
“He can shuttle them to Lincoln Park school one morning a week, take them to the zoo on saturdays, and then, when the kids grow up, he can rent this place.”
There’s no parking with this building. How does he “shuttle” them?
There’s this new thing called Uber
“There’s this new thing called Uber”
Children can’t take Ubers by themselves, nor would I want them to as a parent. So the parents are getting in an uber to “shuttle” their children to every event?
Dream on.
Clearly, so many people on this site don’t have kids.
I do let my older son use Uber. He’s 18 and in college, though. It’s not appropriate for a grade-school kid. Would you trust just any old stranger to take your 6-year old to school?
Uh, giving JohnnyU just the minimal shred of the benefit of the doubt, presumably he meant that the parent would accompany the kid while shuttling via Uber (like I have 100+ times).
“Children can’t take Ubers by themselves, nor would I want them to as a parent. So the parents are getting in an uber to “shuttle” their children to every event?”
I’d see kids ubering home by themselves from the newly located Ogden school all the time
are you are a helicopter parent?
“I[] see kids ubering home by themselves from the newly located Ogden school all the time”
It is a violation of their TOS. Driver can get suspended for doing so.
Sonies – do you have kids? Just wondering. If you have, and think a six or seven year old is old enough to be driven around by a stranger, I guess I’m a helicopter parent for disagreeing. My kids walked on their own or with friends to school 1/2 mile away when they were 9, so I’m all for independence, at the right age.
“If you have, and think a six or seven year old is old enough to be driven around by a stranger,”
Wow. WTF! Exactly Dan #2.
Maybe we should send them on field trips on the bus without any parents too.
I would never allow even my 14 year old to be driven around by a complete stranger Uber driver let alone an under 10 year old. A cabbie at least works for someone and the cab company knows where they are and their cab number.
We spend 20 years telling our children not to get into cars with strangers and then you put them into an uber?
Ba ha ha!
And I would NEVER do it for my daughters. Never. Ever. Never ever.
Hell- I don’t consider ubers to be safe for 30 year old women let alone a 10 year old.
And, of course, you want them to be independent. This is why you always see groups of teens on the El together going home from Jones Prep etc.
well its grades 5-9 so I’d think that the kids towards the later grades would be fine, I guess thats still against the TOS even though I’d see kids doing it every day
trust me, nobody I mean nobody wants to steal your kids, especially a poor ass uber driver!!!!
Agree with Sonies that it happens all the time.
So far, in Chicago, the only incident I am aware of involving a HS student in a Uber is the crazy one who killed the driver.
I agree an Uber driver won’t steal kids. But I like to make sure, if I have a young kid, that he or she is in responsible hands when out of my sight. I don’t know if some Uber driver is going to be careful with my kid’s life. I’ve been in some Ubers and cabs where I’ve feared for my own life the way they drive.
” So the parents are getting in an uber to “shuttle” their children to every event?”
How is that different from getting a car to “shuttle” their children to every event? (I do actually think its different, both pros/cons, but it’s not categorically different.)
“I agree an Uber driver won’t steal kids.”
Really? Absolutely nothing stopping a pedophile from driving your child! Nothing. My god. There’s a reason they don’t allow children to ride by themselves, right?
Thank goodness there are women on this planet or else the species would not continue because someone needs to watch over the children.
As it is, there have been plenty of instances of rapes of adult women. I shudder to think what would happen to children.
“trust me, nobody I mean nobody wants to steal your kids, especially a poor ass uber driver!!!!”
You mean like the guy in his van in the West Loop who just tried to lure a 16 year old girl into it? With uber drivers, you don’t even need to “lure.” They just get in.