Good Bones in this Vintage Greystone: 1331 N. Dearborn Parkway
Some vintage units just have good bones. This two bedroom greystone unit at 1331 N. Dearborn Parkway in the Gold Coast is one of those.
But you won’t find any granite or stainless steel appliances here.
There is, however, parking, an in-unit washer/dryer and central air.
Unit #3: 2 bedrooms, 2 baths, den, 1900 square feet
- Sold in April 2001 for $570,000
- Sold in September 2006 for $643,000
- Currently listed for $725,000 (parking included)
- Assessments of $200 a month
- Taxes of $8183
- Central air
- Baird & Warner has the listing
Can anybody point out some websites where I can find information/history of condos/lofts that are currently on the market? I have seen a lot of people chatted about the history of listing of condos here, so could somebody help me out?
Thank you!
Beautiful unit. I’ve seen it. It also has outdoor space…Rare for most vintage
Sooo, that would rent for maybe (maybe) $3000; with the “premium” for owning you can stretch to say $600k for purchase. People are seriously f’d up in their expectations.
Judging by the meager, ordinary furnishings, these folks could never begin to afford this place.
Amazing that they think that the mere fact of occupying the place for a couple of years entitles them to a $82K windfall. Have they heard that the go-go days are over?
It’s nice enough, but it looks as though it was a complete gut rehab from the late 90s. None or virtually none of the original detail appears to be still in existence… All the woodwork looks like un-inspired standard lumberyard fare. It is the wrong proportion to the space in which it inhabits. How unfortunate.
Another flipper, no doubt inspired by HGTV, bites the dust. Too bad so sad.
Well at least they won’t have cable in their next profession.
LOOPER and all,
The unit retains MOST of it’s original detail. 10-11 ft ceilings, original wood floors, beautiful crown molding, french doors, WOOD BURNING fireplace, etc
SR:
You know better than that–people are talking about the actual details–that isn’t the original (or even a goos facsimile of) crown molding, mantle, window trim, etc. I’m not sure from teh pics whether I think the original would be better, but this is a substantial modernization of the details.
Right- the “original” detailing – if it exists- will have to be stripped of the paint etc.
It has good bones though- if someone wants to do the work to get it to where it needs to be.
We’ll see.
I can’t believe how bleak a good space can look when it’s not decorated, but is actually anti-decorated. Makes me think the owners blew so much buying the place they couldn’t even afford towels in the bathroom or some substantial drapes instead of Target tab-tops.
Would show better with NO furniture in it at all, I think.
Still, way too high $$.
Victoria: I should make a link directly to the post where we discuss where to find prior sales info!
Several websites have prior sales information including the Chicago Tribune. I would try there first (in the real estate page- on the “latest sales” link.)
You put in the address and the year(s) and it should give you some basic information.
As for information about how long the property has been on the market, price reductions etc- you need an agent with access to the MLS for that.
Sabrina: Thanks for the information.
I found that dreamtown.com also offers the recent sale as well. The information on this website includes listing price and sold price, however it’s difficult to tell whether the parking is included.
As for Chicagotribune.com, it’s a very good source. Unfortunately, they don’t tell you the listing price for the unit that’s sold.
I thought maybe there’s “secret” website only few know about. 🙂
No- no secret website. You have to have access to the MLS to get listing info (or, apparently, dreamtown.com which lists the listing price.)
Chicago Tribune’s data is from the public records when the deed is actually recorded (that’s why it doesn’t have any listing price info.)
Anon, normally I agree with you but I think because of the area this unit would rent out for more than 3K/month. Parking alone in this area fetches up to 300/month. I think this is more like 3500/month. That said, this unit should still be priced around the ’06 price point.
Trader–Really? $3500? People are nuts.
So maybe (maybe) you could stretch to justify (i.e., rationalize) $675k.
Also, where are they hiding the other 400 sq ft? The listed room sizes total 1206 (which includes the “foyer”). Allow for large (for vintage) bathrooms and a reasonable amount of closet space, that’s 300 more. How do they get to 1900? Or did the year built (1900 from the web listing) just get into the wrong MLS data field?
And, if it’s only 1400 sq ft, does that change the thinking on its rental price and sale value?
Wow – i live around the corner and pay $125 for parking – perhaps I should sublet.
Anon, seriously, the premium people pay for Gold Coast/Lincoln Park can not be underestimated (condoshopper, 300 for parking is what i’m paying for a few blocks away). That said, renting in this area is still a HUGE discount to buying right now!
Also, as far as i can tell, all units’ room sizes never add up to total square footage. My guess is that this is due to hallways, bathrooms, storage, etc. Also, I remember some listings included balcony…
“room sizes never add up”
Yeah, but 500 sq ft (over 35% of the room area) is a lot of hallway, especially given the angles and number of pictures showing very little space for hallways to hide. Also, using Chicago GIS, the building (together with its attached neighbor) measures about 82.5 x 45–this unit is 1/2 that which is only 1850 before subtracting for the stairs/halls and exterior walls. I could believe 1750-1800, but 1900 strains credulity.
Anon, I agree with you: rooms plus allowances for bathrooms/hallways/closets just don’t seem to add up on a lot of listings.
Approx Sq Ft estimates have definitely bugged me (esp since $/sq ft is something I take seriously when making a purchase). Who does the estimates? Is there any policing on whether the advertised sq ft is correct? Is there any punishment/fines for misrepresentation? Should any prospective buyer hire someone to get their own estimates? I’m sure someone can chime in here.