This 2-bedroom penthouse in The Commodore at 550 W. Surf in Lakeview comes with an illustrious past.
The prior listing said the living/dining room was the old ballroom and this tidbit from the Upper Bracket column in the Chicago Tribune from 2003 confirms it.
On the sixth and top floor of the Commodore building, 550 W. Surf St., which was built in 1898, the two-bedroom unit was partly created from a ballroom, which, according to legend, was used by Al Capone as a speakeasy during the 1920s, said co-listing agents Monique Crossan and Heather Bilandic of Sudler.
The ballroom has been converted into a living room and dining room combo, with 13-foot ceilings, three exposures, a recessed movie screen and a fireplace.
According to the Upper Bracket, the unit had been renovated by the 2001 buyer.
The kitchen has stainless steel appliances and granite counter tops with a skylight.
There are two bedroom suites and a large storage unit in the basement measuring 26×9.
The unit has the features that buyers look for including in-unit washer/dryer, central air and 2 car deeded covered parking.
The listing says the seller will pay the first year of assessments.
Originally listed in July 2011 for $975,000 it has been reduced $350,100.
It is now listed about 36% under the 2001 purchase price.
Is this now a deal for 3000 square feet with these features in this East Lakeview location?
Sheila Dietz at @Properties has the listing. See the pictures here.
Unit #609: 2 bedrooms, 2 baths, 3000 square feet, 2 deeded covered parking spots
- Sold in June 1993 for $223,000
- Sold in July 1997 for $340,000
- Sold in March 1999 for $425,000
- Sold in June 2001 for $975,000
- Sold in October 2006 for $999,000
- Originally listed in July 2011 for $975,000
- Reduced numerous times
- Currently listed at $624,900
- Assessments of $1151 a month (includes doorman and cable)
- Taxes of $10,009
- Central Air
- Washer/Dryer in the unit
- Gas fireplace
- Storage: 26×9 (in basement)
- Bedroom #1: 18×14
- Bedroom #2: 17×12
- Living room: 43×23