Gold Coast Location Without the Gold Coast Price: 30 E. Elm
Maybe you just want to be near Rush Street, Oak Street Beach and shopping but don’t have millions to spend?
This 2/2 in 30 E. Elm could be for you.
This one has a renovated kitchen. From the listing:
BEST PRICED GOLD COAST 2BR/2BA WITH BALCONY! STEPS TO THE LAKE. TOTALLY NEW KITCHEN W/STAINLESS APPLIANCES & GRANITE COUNTER TOPS.
ASSESSMENTS INCLUDE HEAT & BASIC CABLE. BUILDING OFFERS 24HR GARAGE. ON SITE MANAGER. RESIDENT ENGINEER. THIS IS A NO DOG AND NO IN UNIT WASHER/DRYER BUILDING. EASY TO SHOW.
The bedrooms are enormous: both are 15 x 11.
Phil Moss at Sudler Sotheby’s has the listing.
Unit #10A: 2 bedrooms, 2 baths, no square footage given
- I couldn’t locate an original sales price
- Currently listed for $299,000 (fee parking)
- Assessments of $570 a month (includes heat and basic cable)
- Taxes of $3,644
- No central air- window units
Since when is 15X11 enormous?
Since 8×9 started being called a “bedroom” in new “luxury” construction?
Anyone know anything about this building? Comps? Because this looks pretty reasonable to me…
It is reasonable. The building is well run, great location, but does Not allow in unit laundry and I believe all parking is rental.
What is the market like for condos that don’t allow dogs?
It looks like a good deal, but anyone with a dog is instantly turned away. I could never live in a non-pet friendly building.
Are there enough dog-haters who want to live in no-dog buildings to make up for the dog lovers who want to live in dog friendly buildings?
They allow cats!
I would pay a premium for a no-pet building, to ensure that I would never again have a neighbor with a dog. I will not miss the constant barking when I move out of my current apartment.
I would pay a premium for a no-dog building, but wouldn’t buy into a no-cat building. Agree with Dave: not only is barking an issue (which owners are frequently unwilling to deal with), but dogs can do a lot of damage. I know of a small apartment building on Belmont that is “dog friendly,” and the smell going up the stairs is truly paint-peeling. (The stairs are carpeted, and the odor of years of wet, dirty dog is so thick you can cut it.)
I’m glad that there is a diversity of options out there, so that everyone can find a suitable place for their tastes/tolerances!
I’ve always lived in a house or a townhouse. However, several of my friends live in dog friendly buildings and haven’t encountered bad dog smells. I agree that it would be irritating to hear a dog barking all day, but without proper sound insulation there are lots of irrirtating noises like babies crying and TV’s blaring.
Although, I would pay a premium to live in a building that doesn’t allow kids. I love dogs though!
I might be hestitant to buy in a building that has restrictions (even a no-child restriction) because it limits the buyer pool. I was looking into Eco-18, which will be a non-smoking building. I hate cigarette smoke, but am worried that when it comes time to sell one day, that it might be difficult to find a buyer.
the no-kid buildings are called retirement homes 🙂
I prefer cats to kids!
SR, when little children learn to use the litter box and grow soft fur, I might like them as well as cats.
SR:”Since when is 15X11 enormous?”
anon: “Since 8Ă—9 started being called a “bedroom” in new “luxury” construction?”
Thank you anon. Exactly. Even “master bedrooms” in million dollar new construction units are now 13×11. Many times the second bedrooms are 10×10 or 10×11 (or heaven forbid, 8×9.)
Having two bedrooms both at 15 x 11 is nearly unheard of today- and certainly at this price point.
Anybody know what the comps are like in this building? Has anything else been selling there recently?
It’s not 10A, but here is some sales data from other “A” tier units:
30 E ELM ST #14A CHICAGO 176500 11/1/2002
30 E ELM ST #17A CHICAGO 315000 12/9/2003
30 E ELM ST #19A CHICAGO 176000 12/6/2001
30 E ELM ST #4A CHICAGO 157000 10/20/2000
30 E ELM ST UNIT 6A CHICAGO 175000 4/16/2002
30 E ELM UNIT 15A CHICAGO 185000 11/5/2001
30 EAST ELM UNIT 7A CHICAGO 153000 9/29/2000
I somewhat doubt the reliability of this, but Nextag reports that the last sale of 10A was September of 2005, for $200,000.
49 30 Elm 18E 3 06/24/2008 $235,000 $242,900 60 06825424 CLSD AT $244,900 60
50 30 Elm 20E 4 05/16/2008 $248,000 $249,900 90 06706108 CLSD AT $249,900 90
51 30 Elm 11E 4 04/25/2008 $185,000 $197,900 257 06724945 CLSD AT $217,900 145
52 30 Elm 8E 4 03/31/2008 $197,000 $205,000 64 06764152 CLSD AT $210,000 64
53 30 Elm 16B 2 08/16/2007 $251,000 $270,000 115 06457315 CLSD AT $270,000 115
54 30 Elm 7B 3 08/13/2007 $222,000 $225,000 109 06476319 CLSD AT $239,900 109
55 30 Elm 10F 4 07/27/2007 $235,000 $239,900 64 06490421 CLSD AT $239,900 64
56 30 Elm 17F 3 07/24/2007 $216,000 $225,000 28 06467498 CLSD AT $225,000 28
The master at 600 Fairbanks “05” tier is 18 by 11, so let’s call that Ginormasauraous!
I’m with you KW! I prefer Lady Chunk over children!
http://www.nypost.com/seven/07302008/news/regionalnews/fat_cat_122221.htm
Assessments of $570 a month !! That is crazy !
Who in their right mind would waste anything over $300 a month for assessments for a 1-2 br. condo !! You can’t even write if off your taxes !!
I ran the numbers, and just to ‘break-even’ the price needs to fall to $200,000 or 33% price reduction.
I got the scoop from my friend who lives there. They just got hit with special assesments and it went up again. Washer and drier can be installed in the unit illegally as many units do. Mostly mature residents but younger buyers moving in. He bought it becaused he liked the location and it’s a nice block.
John, the assessment includes heat and cable. Also, I would pay a premium for non-dog building as well. They pee all over the hallways; often pee in the elevator; and are a general nuisance. IMO they do not belong in hi-rises.
Johns —
Don’t forget about building maintenance — plumbing, boilers, water, roof, tuck pointing, landscaping, common area maintenance, security, etc. Throw in gas & cable for $7k per year, and it’s comparable to or better than a similarly-sized SFH. And you can’t deduct those expenses, either.
Those specials are killer, though. Whether or not they pop up depends a lot on the history of the building and size of the reserve fund.
Previous sales info: sold on 06/1997 for $150,000.00 per county records