Back to Peak for this Jefferson Park 3-Bedroom Spanish Mediterranean: 5749 N. Manton

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This 3-bedroom vintage Spanish Mediterranean single family home at 5749 N. Manton in Jefferson Park came on the market in April 2015.

What I love about Crib Chatter is that we continually see the same properties come on the market over and over again.

We’ve actually chattered about this house twice before.

Once in 2010- and you can see our heated chatter about market conditions here. (We weren’t even close to a “bottom” yet- but some of us thought we were in 2010-2011.)

And again in 2012 when the house was in short sale. See that chatter about who would even buy a Spanish style house in Chicago here.

It finally sold as a short sale in 2013.

Now, the house is back on the market and the listing says it has been “totally rehabbed in 2014.”

It has a new kitchen with wood cabinets and stainless steel appliances.

The listing says its mechanicals have also been updated with a new furnace, a/c, plumbing and electric.

Built in 1926 on a corner 45×125 lot, it still has its original clay tile roof.

Strangely, this is the only Mediterranean house on the block as most of the others are traditional Chicago bungalows.

But the Mediterranean style was popular in home building in the 1920s and 1930s, especially in neighborhoods like Beverly.

The listing describes this area as “South Edgebrook” but it has usually been called Jefferson Park for real estate purposes.

In 2006, this house sold at the peak for $380,000.

It is currently listed for $395,000 after the renovations.

Is the market strong enough to get the premium in Jefferson Park?

Antonieta Groza at Coldwell Banker has the listing. See the pictures here.

5749 N. Manton: 3 bedrooms, 2 baths, 1349 square feet, 2 car garage

  • Sold in July 1997 for $175,000
  • Sold in August 2006 for $380,000
  • Lis pendens foreclosure filed in May 2010
  • Was listed in October 2010 as a “short sale” for $324,900
  • Withdrawn
  • Was listed as a “short sale” in October 2012 at $230,000
  • Sold in September 2013 for $205,000
  • Currently listed for $395,000
  • Taxes are now $4091 (they were $4832 in October 2012 and $4268 in October 2010)
  • Central Air
  • Bedroom #1: 17×11
  • Bedroom #2: 12×12
  • Bedroom #3: 12×10
  • Partially finished basement

From Peak to Foreclosure to Peak Again: A 2/2 Loft at 120 E. Cullerton in the South Loop

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This 2-bedroom loft in Bank Note Place at 120 E. Cullerton (also 1910 S. Indiana) in the South Loop just came on the market.

This building is known for its unique arched terra cotta ceilings.

This loft is a southwest facing corner unit with hardwood floors, exposed brick, a fireplace and the terra cotta ceilings.

The kitchen is described as “chef quality” with maple cabinets, what looks like stainless steel counter tops and stainless steel appliances.

It has the other features buyers look for including central air, garage parking and side-by-side washer/dryer.

This loft sold near the peak of the bubble market in 2007 for $375,000.

It then became bank owned and was sold at the bottom of the market crash in 2012 for $225,000.

But prices are at, or above, peak again in most parts of the GreenZone.

It just came on the market listed at $375,000 – looks like parking may be extra at $30,000 – so that would put it above peak.

Is past peak pricing in the once overdeveloped South Loop a sign that this housing market has fully healed?

Debra Dobbs at @Properties has the listing. See the pictures here.

Unit #405: 2 bedrooms, 2 baths, no square footage listed, corner unit

  • Sold in December 1999 for $257,500 (included the parking)
  • Sold in October 2001 for $290,000 (included the parking)
  • Sold in January 2007 for $375,000 (included the parking)
  • Bank owned
  • Sold in July 2012 for $225,000 (included the parking)
  • Currently listed for $375,000 (parking may be $30,000 extra– but I can’t tell for sure)
  • Assessments of $429 a month (includes cable)
  • Taxes of $4941
  • Central Air
  • Side-by-side washer/dryer
  • Bedroom #1: 15×15
  • Bedroom #2: 13×10

 

The Million Dollar North Center Loft: A 2-Bedroom at 1800 W. Grace

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This 2-bedroom loft at 1800 W. Grace in North Center recently came on the market.

The listing calls it “New York style” with floor-to-ceiling windows, exposed brick and concrete ceilings.

There is a 60-foot terrace that runs the length of the loft.

The kitchen has modern cabinets and finishes with stainless steel appliances.

There is central air, washer/dryer in the unit and 2-car garage parking included.

This loft is listed at $995,000 which would rank it among the most expensive lofts in North Center.

At $506 a square foot, can the North Center neighborhood support this price point?

Brad Lippitz at Berkshire Hathaway KoenigRubloff has the listing. See the pictures here.

Unit #508: 2 bedrooms, 2.5 baths, 1965 square feet

  • Sold in May 2010 for $706,000 (included 2-car parking)
  • Currently listed at $995,000 (includes 2-car parking)
  • Assessments of $619 a month (includes cable)
  • Taxes of $11,608
  • Central Air
  • Washer/Dryer in the unit
  • Bedroom #1: 15×12
  • Bedroom #2: 18×11
  • Terrace: 60×5

Looking For a Terrace With City Views? A 2-Bedroom at 303 W. Ohio in River North

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This 2-bedroom in The Silver at 303 W. Ohio in River North just came on the market.

It is unique in that it has loft-style high ceilings measuring 12 feet and a wall of south facing windows with floor to ceiling windows.

The terrace runs the length of the unit measuring 45×12 and also faces south.

The kitchen has modern cabinets with stainless steel appliances and granite counter tops.

The baths are marble.

The Silver was built in 2009 just as the bust was hitting so sales were originally slow.

But most of the units don’t have 12 foot ceilings or private terraces.

This unit has come on the market for $177,000 more than the 2009 purchase price.

Will it get the premium?

Melissa Siegal at @Properties has the listing. See the pictures here.

Unit #1204: 2 bedrooms, 2 baths, 1306 square feet

  • Sold in October 2009 for $608,000 (included the parking)
  • Currently listed for $750,000 (plus $35,000 for parking)
  • Taxes of $6608
  • Assessments of $627 a month (includes doorman, snow removal)
  • Central Air
  • Washer/Dryer in the unit
  • Terrace: 45×12
  • Bedroom #1: 22×15
  • Bedroom #2: 16×9
  • Den: 11×11

Is This the Hottest Building in Lincoln Park? A 2-Bedroom at 1335 W. Altgeld

1335 w altgeld #2

This 2-bedroom loft in the Piano Factory Lofts at 1335 W. Altgeld in Lincoln Park just came on the market.

I couldn’t find information as to when the 15-unit building was converted into lofts.

This corner unit has north and west exposures with 10 foot timber ceilings, exposed brick and antique doors.

Both bedrooms appear to have windows which is rare for lofts.

The kitchen has white cabinets and stainless steel appliances.

The listing says there are 2 “brand new” baths.

The loft has the features that buyers look for including central air, washer/dryer in the unit and covered parking.

This is the 4th unit that has come on the market in this building in the past 2 months.

1 of those has already closed and 2 others went under contract almost immediately.

  1. #2F: 1/1 listed in March 2015 for $335,000. Just sold for $297,500
  2. #1C: 2/2 listed in April 2015 for $450,o00. Under contract within days.
  3. #2A: 2/1.5 listed in April 2015 for $450,000. Under contract within days.
  4. #1B: 2/2 that just came on the market for $459,000

26% of the building has been listed in just the past 2 months.

Is this the hottest building in Lincoln Park?

I guess lofts aren’t dead after all.

Kathleen Knorr at Coldwell Banker has the listing. See the pictures here.

Unit #1B: 2 bedrooms, 2 baths, no square footage listed

  • Sold in May 2005 for $400,000 (per Redfin as the CCRD was “down” this weekend)
  • Sold in August 2008 for $360,000 (per Redfin)
  • Currently listed for $459,000
  • Assessments of $364 a month
  • Taxes of $5604
  • Central Air
  • Washer/Dryer in the unit
  • Covered parking included
  • Bedroom #1: 20×16
  • Bedroom #2: 12×11

Do You Understand High Rise Assessments? A 2/2 at 701 S. Wells in Printers Row

701 s wells

This 2-bedroom in Wells Street Tower at 701 S. Wells in the Printers Row neighborhood of the South Loop came on the market in March 2015.

Wells Street Tower was built in 2002 and was a big deal for the neighborhood at the time because it was the first new construction in/near Printers Row in decades.

It’s a full service building with 170 units and parking with a doorman and an exercise room. There’s NO pool.

This 2-bedroom unit faces east.

The kitchen has maple cabinets, granite counter tops and stainless steel appliances.

It has the highly coveted side-by-side washer/dryer.

The unit also has parking, for $25,000 extra, and central air.

The assessments are $755 a month and appear to include heat, a/c, gas, the doorman and possibly cable (as one of the listings said it did include it- but this listing does not include it.)

Are most condo high rise buyers unrealistic about the rise of assessments over a decade or more?

Leigh Marcus at @Properties has the listing. See the pictures here.

Unit #2502: 2 bedrooms, 2 baths, 1215 square feet

  • Sold in December 2002 for $348,000 (included the parking)
  • Originally listed in March 2015 for $365,000
  • Reduced
  • Currently listed for $325,000 (parking is $25,000 extra)
  • Assessments of $755 a month (includes heat, a/c, gas, doorman)
  • Taxes of $4221
  • Central Air
  • Side-by-side washer/dryer
  • Bedroom #1: 15×14
  • Bedroom #2: 12×11

The Pink Palace Is Hot: A 2/2 at 5555 N. Sheridan in Edgewater

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If you drive down Lake Shore Drive from the north, you can’t help but notice the Pink Palace, aka the Edgewater Beach Apartments, at 5555 N. Sheridan in Edgewater.

Built in 1929 with 300 units, it’s a full amenity building with a doorman, extensive gardens and a pool.

The building is a co-0p and requires 20% down.

But that hasn’t stopped sales in 2015.

There are 13 units currently on the market and 9 of them are already under contract.

This 1700 square feet 2-bedroom is one of the few still available.

It has multiple exposures, including the lake, and an entry foyer.

The unit has a mix of carpet and hardwood floors.

The listing says it has a “remodeled kitchen” with dark cabinets and stainless steel appliances.

There is no central air and no in-unit washer/dryer.

Parking is leased in the building for between $105 and $250 a month.

The assessment includes heat, gas, cable and taxes.

Is it a sign of a healthy market when the 20% down co-ops start selling again?

Ruth Rankin at Baird & Warner has the listing. See the pictures here.

Unit #715: 2 bedrooms, 2.5 baths, 1700 square feet, co-op

  • I don’t have a prior sales price because it’s a co-op
  • Came on the market in April 2015 for $350,000
  • Assessments of $1422 a month (includes heat, gas, doorman, cable, pool and taxes)
  • Taxes included in HOA
  • 20% down only
  • No central air
  • No in-unit washer/dryer- coin laundry in the building
  • Parking available for lease for between $105 to $250 a month
  • Bedroom #1: 13×16
  • Bedroom #2: 18×13
  • Living room: 14×24

Get Vintage Grandeur Without the High Price: A 2-Bedroom at 825 W. Oakdale in Lakeview

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This vintage 2-bedroom at 825 W. Oakdale in Lakeview recently came on the market.

The building was built in 1920 and has 10 units.

The listing says this unit has north, south and east views.

It still has many of its historic features including stain glass windows, original millwork, a built-in hutch, dark oak floors and dining room sconces.

There is a fireplace in the living room which I’m assuming is operational given the era of the building.

There is a separate dining room.

The kitchen has white cabinets and stainless steel appliances.

While there’s a washer/dryer in the unit there’s no central air or deeded parking.

The property is located near shops and restaurants and is just 2 blocks from the Wellington El stop.

Redfin says this is a “hot” property and has a 70% chance of going under contract in the next 10 days.

Is this a good option for those looking for vintage character near public transportation?

Catherine Brennan at @Properties has the listing. See the pictures here.

  • Sold in April 2006 for $294,000
  • Currently listed for $299,900
  • Assessments of $327 a month (includes heat and water)
  • Taxes of $4014
  • No central air- window units only
  • Washer/dryer in the unit
  • No parking- rental in the neighborhood
  • Bedroom #1: 12×12
  • Bedroom #2: 11×9
  • Living room: 16×14
  • Dining room: 14×12
  • Kitchen: 14×9

 

What If You Were Rich? A 6-Bedroom Co-Op at 2450 N. Lakeview in Lincoln Park

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This 6-bedroom full floor co-op at 2450 N. Lakeview in Lincoln Park came on the market in January 2015.

Built in 1923 on Lincoln Park, it was designed by Howard Van Doren Shaw, who mostly designed large mansion homes and churches.

This 12-unit mid-rise was one of the few high rise buildings he designed.

With 8,000 square feet, this unit has views facing every direction, including the Park and the Lake.

It has a private elevator which opens to a 43-foot wide gallery.

The house has many of its vintage features still intact, including crown molding and 5 (five!) wood burning fireplaces.

The kitchen has white cabinets, luxury stainless steel appliances, and a large island.

The unit has central air and a 11×10 laundry room.

This is one of the rare older co-ops that actually has its own garage, with 2-car parking included.

It is a full service building with a doorman and other building staff.

It is certainly quite a home in the sky.

Unit #10, one floor above, is also on the market and is listed for $8.95 million.

If you were rich, would you be setting your sights on one of these classic vintage units?

Debra Dobbs at @Properties has the listing. See the pictures here.

Unit #9: 6 bedrooms, 6 baths, 8000 square feet, co-op

  • I don’t have a prior sales price because it’s a co-op
  • Listed in January 2015 for $8.7 million
  • Currently still listed at $8.7 million
  • Assessments of $5287 a month (includes gas, doorman, cable, snow/lawn care)
  • Taxes of $68,346
  • Central Air
  • 5 wood burning fireplaces
  • Washer/dryer in the unit
  • 2-car garage parking included
  • Bedroom #1: 17×16
  • Bedroom #2: 17×13
  • Bedroom #3: 12×12
  • Bedroom #4: 14×11
  • Bedroom #5: 17×11
  • Bedroom #6: 12×7
  • Library: 21×16
  • Gallery: 43×12
  • Family room: 15×12
  • Laundry Room: 11×10

 

How Hot Are the West Loop Lofts? A 1300 Sq Ft 1-Bedroom at 110 N. Peoria

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This large 1-bedroom authentic loft at 110 N. Peoria in the West Loop recently came on the market.

If it looks familiar that’s because it was on the market, and sold, just last year.

Before that, in 2007 and 2008, we chattered about it on this site.

You can see the 2007 chatter with interior pictures here. (That’s when I first began running this site. For fun, check out the “old” tvs in those interior pics.)

This loft has 10-foot concrete ceilings, exposed brick, and a unique, exposed old elevator shaft that was a game room space in the 2008 pictures but I’ve also seen used as a dining room.

Here, they apparently are using it as an office.

The listing says it has a “brand new” kitchen and bath.

The kitchen has white cabinets, quartz counter tops and stainless steel appliances. (The 2014 listing also had stainless appliances.)

There is no picture of the bathroom in the new listing.

It has the other features buyers look for including central air, heated garage parking and rare side-by-side washer/dryer.

The loft has come on the market for $20,000 more than the July 2014 purchase price.

It is also listed $43,500 more than the 2008 purchase price (which was before the Lehman collapse.)

With inventory non-existent in the West Loop, will it get the premium over both the 2014 and 2008 price?

Stefanie Lavelle at Coldwell Banker has the listing. See the pictures here.

Unit #206: 1 bedroom, 1 bath, 1300 square feet

  • Sold in October 1993 for $157,000
  • Sold in May 2000 for $252,500
  • Sold in July 2008 for $321,500
  • Sold in July 2014 for $345,000
  • Currently listed for $365,000 (parking included)
  • Assessments of $357 a month (includes cable)
  • Taxes of $5097
  • Central Air
  • Washer/dryer in the unit
  • Bedroom: 10×13
  • Office: 7×12