A 53% Gain in Just 29 Months for this Millennium Park Penthouse? 6 N. Michigan

6 n michigan

This 4-bedroom penthouse in the Park Millennium Condos at 6 N. Michigan across the street from Millennium Park just came on the market.

If it looks familiar it’s because we’ve chattered about it numerous times, most recently in 2014. You can see that chatter here.

If you recall, it was, at one time, raw space but had fantastic windows overlooking the park.

It was bought in 2012 and built out with the kitchen and baths.

It re-sold, after the build out, in 2014.

The signature room is this great room with 20 foot ceilings with views of the Lake. Here are the pictures of the space unfinished.

6-n-michigan-second-interior-penthouse-approved

It has a wrap-around terrace and a rooftop deck, which still does not appear to have been landscaped or built out.

The unit sprawls on 4 floors and is 6400 square feet.

Three of the four bedrooms are on the second floor with the master bedroom on the third level.

There appears to be two family rooms with one of them located near the kitchen/dining room and another on the fourth floor with a massive skylight.

The kitchen has white cabinets, luxury stainless steel appliances and stone counter tops.

It comes with 2 parking spaces and heat and air conditioning are included in the $6200 a month assessment.

The unit has come on the market for $2.1 million more than the 2014 sale, at $6 million.

Is the upper bracket market hot enough that this penthouse will get the premium?

Philip Skowron at @Properties has the listing. See the latest pictures here.

Unit #1901: 4 bedrooms, 4.5 baths, 6400 square feet, 4 levels

  • Originally listed in 2010 for $7 million (but was 8000 square feet)
  • Was listed as raw space in July 2012 for $4.5 million
  • Reduced
  • Was listed in October 2012 for $3 million
  • Sold in December 2012 for $1.9 million
  • Listed in June 2013 after it was built out for $4.75 million
  • Sold in February 2014 for $3.9 million
  • Currently listed for $6 million (includes 2 parking spaces)
  • Assessments still $6200 a month (includes heat, a/c, doorman, gas, snow removal, exercise room, scavenger)
  • Taxes are now $87,838 (they were $13,233. There was an 8 year historic tax freeze on the building but I believe it didn’t transfer to the second owner. Only the current owner – or the first one after the developer- g0t the tax freeze.)
  • 2000 square feet of outdoor space
  • Bedroom #1: 23×18 (third floor)
  • Bedroom #2: 18×12 (second floor)
  • Bedroom #3: 19×15 (second floor)
  • Bedroom #4: 16×15 (second floor)
  • Family room: 28×20 (fourth floor- with a skylight)
  • Great room: 35×34

 

Will You Only Live in a Corner Condo? A 2-Bedroom at 1414 N. Wells in Old Town

1414 n wells

This 2-bedroom at 1414 N. Wells in Old Town just came on the market.

It is a southeast corner unit with views of Wells and the skyline.

The living room has two walls of windows, crown molding and dark stained oak floors.

The kitchen has maple cabinets, granite counter tops, including on a large kitchen island, stainless steel appliances and a glass subway tile backsplash.

The  master bathroom has duel sinks and an extra large steam shower with dual shower heads.

It has central air, washer/dryer in the unit and garage parking is available for $35,000.

This building has 52 units and an elevator but no doorman.

It has always been one of the most popular buildings in Old Town and buyers have paid a premium to live there.

This corner unit hasn’t been on the market in 9 years.

Are you a condo buyer who will only live in a corner unit for maximum light?

Bari Levine of @Properties has the listing. See the pictures here.

You can also see it in person at the Open House on Saturday, July 16 from 12- 2 PM.

Unit #408: 2 bedrooms, 2 baths, no square footage listed

  • Sold in June 1995 for $231,000 (included the parking)
  • Sold in April 1998 for $310,000 (included the parking)
  • Sold in August 2007 for $550,000 (included the parking)
  • Currently listed for $580,000 (plus $35,000 for the parking)
  • Assessments of $576 a month (includes cable, Internet, exterior maintenance, scavenger, and snow removal)
  • Taxes of $8454
  • Central Air
  • Washer/Dryer in the unit
  • Bedroom #1: 18×15
  • Bedroom #2: 15×10

 

With a Ton of New Construction, Is 30 W. Oak in the Gold Coast Still One of the Top Luxury Buildings?

30 w oak #1 approved

30 w oak #2 approved

This 3-bedroom in 30 W. Oak in the Gold Coast just came on the market.

This building has been popular with luxury buyers since it was built in 2006.

This unit has 10 foot south and west facing windows with electronic shades.

The kitchen is Poggenpohl with 2 of all the appliances: 2 Subzero refrigerators, 2 Miele dishwashers, and 2 Miele stoves. It also has Carrera marble countertops and backsplash.

There are limestone floors in the living, dining and main entry hallway.

The master suite has his-and-her closets with built-in safes.

It also has a 24×12 terrace with irrigated custom plantings, lighting and a gas line.

The unit comes with 2-car parking and washer/dryer in the unit.

This building used to be one of the few true luxury new buildings in this area but now there is 4 E. Elm at Elm and Rush street and the soon-to-be finished luxury town on Walton.

The price on this unit more than doubled from 2006 to 2013 but it has come back on the market just $350,000 higher than the 2013 sale.

Is this building still maintaining its prestige factor?

Jeanine Wheeler at @Properties has the listing. See the pictures here.

Unit #9B: 3 bedrooms, 3.5 baths, 3349 square feet

  • Sold in November 2006 for $1.615 million
  • Sold in December 2013 for $3.4 million
  • Currently listed for $3.75 million (includes 2 car parking)
  • Assessments of $2496 a month (includes heat, a/c, gas, doorman, cable, exercise room, exterior maintenance, lawn care, scavenger, snow removal)
  • Taxes of $35759
  • Central Air
  • Washer/dryer in the unit
  • Bedroom #1: 20×16
  • Bedroom #2: 15×15
  • Bedroom #3: 15×12

Are There Too Many New Million Dollar Houses in Roscoe Village? 2024 W. Melrose

2024 w melrose

This new construction 5 bedroom single family home at 2024 W. Melrose in Roscoe Village came on the market in May 2016.

Built on a standard 25×125 lot, it has the features that buyers have come to expect from new builds at this price point.

The kitchen has custom white and walnut cabinets with Calcutta quartz counter tops and Subzero and Thermador appliances.

Three of the bedrooms are on the second floor with the other two in the lower level, which also has radiant heated floors.

The master bathroom is marble.

It has a 2-car garage.

The listing says it is in the Audubon school district.

According to Redfin, there are at least 10 new construction single family homes in this price range within 0.7 miles of this house.

And there are many more being built in the entire North Center area.

Are developers overbuilding the million dollar mansions in this neighborhood?

Jamie Connor at Conlon has the listing. See the pictures here.

2024 W. Melrose: 5 bedrooms, 4 baths, 2 half baths, no square footage listed

  • New construction
  • Was listed in May 2016 for $1.569 million
  • Currently still listed at $1.569 million
  • Taxes are “new”
  • Central Air
  • 2-car garage
  • Bedroom #1: 18×15 (second floor)
  • Bedroom #2: 12×11 (second floor)
  • Bedroom #3: 11×11 (second floor)
  • Bedroom #4: 14×11 (lower level)
  • Bedroom #5: 13×11 (lower level)

Own a Piece of History in this 1894 Victorian: 1836 W. Addison in North Center

1836 w addison

This 5-bedroom Victorian single family home at 1836 W. Addison in North Center came on the market in April 2016, although it had been on the market for a time in 2015.

The listing says it was built in 1894.

It’s on an extra large 45×125 lot with a wrap-around porch and a garage.

The listing also says it has an above ground pool, but it’s not shown in the pictures (darn) and it’s unclear where it would be located if there was one.

The house has many of its vintage features intact including 8-panel doors, cove moldings, stained glass, a decorative wood beamed ceiling in the dining room and what looks like it could be the original first floor fireplace mantel.

The house also has a dormed large attic.

The listing says the house is “Perfect For An Impressive Restoration.”

Listed at $1.35 million, it’s not priced for a teardown.

In this market, with so much new construction in the same neighborhood, are there buyers willing to take on a big renovation project?

Carmen Poplawski at Century 21 Affiliated has the listing. See the pictures here.

1836 W. Addison: 5 bedrooms, 2.5 baths, 2240 square feet, 2 car garage

  • It’s been in the same family since 1986
  • Listed in 2015
  • Re-listed in April 2016 for $1.35 million
  • Currently still at $1.35 million
  • Taxes of $10,678
  • Central Air
  • Wood burning fireplace
  • Bedroom #1: 11×15 (second floor)
  • Bedroom #2: 11×12 (second floor)
  • Bedroom #3: 11×12 (second floor)
  • Bedroom #4: 9×9 (second floor)
  • Bedroom #5: 10×11 (second floor)

 

Has Lincoln Square Fallen Out of Favor? A 3-Bedroom at 2555 W. Leland

2555 w leland

This 3-bedroom at 2555 W. Leland in the Ravenswood Gardens neighborhood of Lincoln Square came on the market at the end of June.

This is a 16-unit building that was built in 2004 when Lincoln Square was seeing a lot of development.

It has 11 foot ceilings, crown moldings and hardwood floors in the main living areas.

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

The building is built on an angle property so the unit has some unique angles as well.

It shares a triangle patio with one other unit.

The unit has central air, washer/dryer in the unit and garage parking, which looks to be $10,000 extra.

The Rockwell brown line stop is just a half a block away. The restaurants of Lincoln Square are also just about 5 to 6 blocks to the east.

Lincoln Square was considered the hottest neighborhood in the city before the bust with home values up well over 100%.

A decade ago, it seemed that every 20-something was moving to Lincoln Square.

But since the bust, the energy, and new construction, has shifted to the West Town neighborhoods of Ukrainian Village, and Wicker Park, as well as to Logan Square.

Has Lincoln Square lost its edge?

Maximilian Ortega at Artizen Realty has the listing. See the pictures here.

Unit #207: 3 bedrooms, 2 baths, 1450 square feet

  • Sold in April 2004 for $395,500
  • Sold in August 2007 for $455,000 (included the parking)
  • Currently listed for $425,000 (plus $10,000 for the parking)
  • Assessments of $289 a month (includes exterior maintenance, lawn care, scavenger, snow removal)
  • Taxes of $5166
  • Central Air
  • Washer/Dryer in the unit
  • Bedroom #1: 26×11
  • Bedroom #2: 16×9
  • Bedroom #3: 15×9

We Love 2-Bedroom Penthouse Lofts With Views: 1322 S. Wabash in the South Loop

1322 s wabash

This 2-bedroom penthouse loft in the Filmworks Lofts at 1322 S. Wabash in the South Loop recently came on the market.

It is an authentic loft with exposed brick and ductwork and concrete ceilings.

There are two 12×12 north facing windows with views of the city and a unique vaulted ceiling with what looks like decorative exposed wood beams.

At 2136 square feet, it has a family room with a double sided gas fireplace.

It doesn’t appear that either bedroom has windows. The master suite has a 12×6 walk-in closet.

The kitchen has dark cabinets, granite counter tops, stainless steel appliances and a stone tile backsplash.

There’s also a 45×5 balcony along with central air and washer/dryer in the unit.

I can’t tell if parking is included or not. (???)

This loft was sold by the bank in 2010 and, from the pictures, looked to be in pretty bad shape.

But it’s listed at nearly the 2006 high.

Will they get the price?

Jeffrey Stewart at @Properties has the listing. See the pictures here.

Or go to the Open Houses on Sat July 9 from 1:30 to 3:00 or Sun July 10 from 11:00-12:30.

Unit #PH6: 2 bedrooms, 2 baths, 2136 square feet

  • Sold in December 2002 for $465,000
  • Sold in June 2004 for $520,000
  • Sold in September 2006 for $599,000
  • Lis pendens filed in November 2008
  • Bank owned in March 2010
  • Sold in November 2010 for $225,000
  • Currently listed for $575,000
  • Assessments of $764 a month (includes cable, exercise room, exterior maintenance, lawn care, scavenger, snow removal)
  • Taxes of $8758
  • Central Air
  • Washer/Dryer in the unit
  • No parking (???) None of the sales on the ccrd indicate a separate parking space but it may not be deeded. The listing doesn’t mention parking either.
  • Bedroom #1: 16×13
  • Bedroom #2: 12×11
  • Living room: 22×20
  • Family room: 21×16

 

Will the Hot 2016 Market Be the Charm For This Streeterville 1-Bedroom? 550 N. St. Clair

550 n st clair approved

This 1-bedroom in 550 N. St. Clair in Streeterville just came on the market.

But this unit had been listed in 2014 and was withdrawn, unsold, in early 2015.

At 1225 square feet, it used to be a 2-bedroom but was reconfigured to have just 1-bedroom and a 16×8 dining room.

The unit has 11 foot floor to ceiling windows which face south and west.

This building was constructed around the same time as Helmut Jahn’s 600 N. Fairbanks so it has similar exposed concrete ceilings and pillars.

The listing says the kitchen is a “chef’s kitchen” with Subzero, Gaggenau, and a Bosch oven and dishwasher along with modern gray cabinets and what look like stone counter tops.

The master bathroom is “spa-caliber” with a walk-in shower and a rare bathroom window (rare for a high rise, at least.)

It has all the features that buyers look for including central air, washer/dryer in the unit and parking is available for $45,000.

Will the hot 2016 market make all the difference in getting this sold this time out?

D. Waveland Kendt at @Properties has the listing. See the pictures here.

Unit #2204: 1 bedroom, 1.5 baths, 1225 square feet

  • Sold in October 2011 for $340,000 (doesn’t appear to include the parking)
  • Originally listed in October 2014 for $550,000
  • Withdrawn in February 2015
  • Currently listed for $499,900 (plus $45,000 for the parking)
  • Assessments of $487 a month (includes heat, a/c, gas, doorman, cable, exercise room, Internet, pool, exterior maintenance, scavenger, snow removal)
  • Taxes of $5619
  • Central Air
  • Washer/Dryer in the unit
  • Bedroom: 14×12
  • Dining room: 16×8
  • Living room: 20×14
  • Laundry room: 4×6

 

A Vintage But New 1-Bedroom: 1366 N. Dearborn Parkway in the Gold Coast

1366 n dearborn

This 1-bedroom at 1366 N. Dearborn Parkway in the Gold Coast came on the market in June 2016.

Built in 1926, this building has just 40 units.

This unit has been renovated with a new kitchen and custom paint.

The kitchen has white and dark cabinets, marble counter tops, Wolfe stainless steel appliances and Ann Sacks subway tile.

The wood floors are refinished and the Restoration Hardware chandelier in the bedroom is included.

There’s space pac cooling but no parking with the building.

I also can’t tell if it has an in-unit washer/dryer. Neither this listing nor the 2014 listing list a washer/dryer in the unit (or in the building.)

The 2-bedroom unit also currently on the market has one in-unit, however, so the building apparently allows it.

This apartment has north and south views.

At $399,000, is this a deal for a renovated vintage apartment in this Gold Coast location?

Victoria Mattera at Baird & Warner has the listing. See the pictures here.

Unit #13B: 1 bedroom, 1 bath, 976 square feet

  • Sold in March 1994 for $120,000
  • Sold in September 1998 for $195,000
  • Sold in July 2004 for $262,500
  • Sold in January 2007 for $375,000
  • Lis pendens foreclosure filed in June 2012
  • Bank owned in February 2014
  • Sold in September 2014 for $225,000
  • Currently listed for $399,000
  • Assessments of $862 a month (includes heat, gas, cable, exterior, lawn care, scavenger, snow removal)
  • Taxes of $5486
  • Steam heat
  • Space pac cooling
  • No mention of laundry in the unit (or the building???)
  • No parking
  • Bedroom: 12×12
  • Living/Dining: 25×14
  • Kitchen: 7×16

Will Chicago Save This 140-Year Old Gold Coast Workers Cottage From Demolition? 1241 N. State Parkway

1241 n state

This 2-bedroom worker’s cottage at 1241 N. State Parkway in the Gold Coast came on the market on June 2, 2016.

It is well known simply because of its location in the Gold Coast and the fact that it isn’t a big rowhouse but is a simple cottage.

The sale closed late last week.

Listed for $1.495 million, it sold for $1.5 million.

According to DNAinfo, the developer who is buying it has already filed for a demolition permit.

The cottage was built in 1872, just a year after the Great Chicago Fire. According to DNAinfo, it was built to house workers participating in the rebuilding of the city.

It is built on a smaller than standard lot of 22.5 x 150 but has a 2-car garage.

Measuring just 1072 square feet, both bedrooms are on the second floor.

The listing agent told DNAinfo the property was in bad shape:

It has vintage charm, but is also in “severe disrepair” and doesn’t have any kitchen appliances, co-listing agent Stefanie Lavelle of Coldwell Banker told DNAinfo Chicago last week. The home sits on an extra-long lot that could be developed or remain a nice backyard that’s rare in the neighborhood, she said.

The cottage “is a special place, but it’s sitting on a gold mine,” Lavelle said earlier this month. The home is being sold by the estate of a man who died last year.

This is the last remaining cottage in the neighborhood. It is located in the Gold Coast Historic District but that, apparently, isn’t enough to save it from demolition.

From DNAinfo:

The cottage is one of 9,600 buildings considered to have enough historical significance to warrant a 90-day demolition delay. That allows city officials time to explore alternatives, such as giving the home landmark protection.

The hold worked for three vintage buildings set to be demolished on nearby Bellevue Street two years ago when city officials ultimately convinced those developers to keep the properties intact.

Demolition alternatives are devised by the city’s department of planning and development, then relayed to the city’s commission on landmarks for consideration. Peter Strazzabosco, the city’s deputy commissioner of planning and development, declined to say whether the department would work to save the Gold Coast cottage.

Will this cottage be saved?

Should historic structures like this be landmarked or is a teardown simply progress?

C Bryce Fuller at Coldwell Banker had the listing. You can see the listing pictures here (no pictures of the interior but there are pictures of the backyard – which are interesting to see.)

1241 N. State Parkway: 2 bedrooms, 1 bath, 1072 square feet, 2 car garage

  • There’s no prior sales price. It was put into a Trust in 1994
  • There was no mortgage on the property
  • Originally listed on June 2, 2016 for $1.495 million
  • Sold on June 30, 2016 for $1.5 million
  • Filed for permit to demolish the cottage
  • Taxes of $5088
  • Central Air
  • Bedroom #1: 15×14 (second floor)
  • Bedroom #2: 15×12 (second floor)
  • Living room: 30×13