Get Your 3-Bedroom Pre-War Lakeview Home for Under $300K: 3740 N. Lake Shore Drive


This 3-bedroom at 3740 N. Lake Shore Drive in Lakeview has been on and off the market since October 2009.

Built in 1924, this “pre-war” unit actually has a lot of the amenities buyers look for today but can’t always find in vintage buildings.

It has in-unit washer/dryer and there is a garage in the building (not sure if it is rental or deeded.)  However, it doesn’t have central air (only window units.)

At over 2000 square feet, it has an entry foyer, a separate dining room and office. The listing says the third bedroom has been made into a breakfast room but can be changed back into a bedroom but at just 7×10 it was likely the original maid’s room.

The unit has a “chef’s kitchen” with stainless steel appliances.

It has been reduced $176,000 to $299,000 since 2009.

Is this a deal for the square footage?

Brad Lippitz at Prudential Rubloff has the listing. See the pictures here.

Unit #3B: 3 bedrooms, 2.5 baths, 2000+ square feet

  • Sold in April 2005 for $376,000 (per Redfin- as the ccrd website was down again)
  • Originally listed in October 2009 for $475,000
  • Reduced several times
  • Currently listed at $299,000
  • Assessments of $1161 a month (includes heat, doorman, cable)
  • Taxes of $6120
  • No central air
  • Washer/Dryer in the unit
  • Garage in the building- but not sure if parking is deeded, and extra, or rental
  • Bedroom #1: 18×15
  • Bedroom #2: 17×15
  • Bedroom #3: 7×10
  • Office: 8×8


If They Build It, You Will Buy It: 6 Bedroom SFH at 1500 W. Oakdale in Lakeview

Since the overall market is so slow, thank goodness there is new construction to chatter about.

This new construction 6-bedroom single family home at 1500 W. Oakdale in Lakeview came on the market last month.

The sister property next door (1502 W. Oakdale) was also built at the same time but that house is not yet on the market.

Built by Jasper Builders on a standard 25×125 lot, three of the bedrooms are on the second floor, two are in the lower level and one is on the third floor.

It has radiant floors and the usual new construction finishes such as granite counter tops in the kitchen.

There is a deck on top of the garage.

Is Lakeview destined to have block after block of similarly built million dollar mansions in the years ahead?

Denny T. O’Leary, one of the builders, has the listing. See the pictures here.

1500 W. Oakdale: 6 bedrooms, 6 baths, 5000 square feet, 2 car garage

  • New construction
  • Currently listed at $1.699 million
  • Taxes are “new”
  • Central Air
  • Bedroom #1: 18×15 (second floor)
  • Bedroom #2: 12×11 (second floor)
  • Bedroom #3: 16×11 (second floor)
  • Bedroom #4: 18×12 (lower level)
  • Bedroom #5: 12×11 (lower level)
  • Bedroom #6: 17×15 (third level)
  • Family room: 12×18 (main level)



Mid-Century Modern Lover? This 3 Bedroom Lakeview Townhouse Is For You: 562 W. Stratford

This mid-century modern 3-bedroom townhouse at 562 W. Stratford in Lakeview has been on the market since May 2011.

In that time it has been reduced $36,000.

At 1900 square feet, all 3 bedrooms are on the second floor.

It has radiant heat and space pac air but there is no deeded parking (rental parking only.)

The listing says it has the original 1952 baths and original kitchen cabinets (with some stainless steel appliances.)

Is that a good thing, or a bad thing, in this market?

What will this ultimately sell for?

Gary Zickel at Prudential Rubloff has the listing. See the pictures here.

562 W. Stratford: 3 bedrooms, 2.5 baths, 1900 square feet

  • I couldn’t find any prior sales price
  • Originally listed in May 2011 for $485,000
  • Reduced
  • Currently listed at $449,000
  • Assessments of $120 a month
  • Taxes of $10,215
  • Space pac cooling
  • Rental parking between $200 and $230 a month
  • Bedroom #1: 19×17 (second floor)
  • Bedroom #2: 14×10 (second floor)
  • Bedroom #3: 11×10 (second floor)


New Construction in Albany Park is Reduced 25%: 3201 W. Leland

The listing for this new construction 2/2 in Leland Crossing at 3201 W. Leland in Albany Park says it has been reduced 25% from its original price.

The building was built a few years ago but the listing came on the market in February 2010.

First listed for $289,900 it has been reduced to $249,900.

The listing says 40% of the building is sold.

It is an elevator building with 45 units.

If you have to commute on the El, the location is top notch as it is literally right next to the El stop on Kedzie.

The units have 10 foot concrete ceilings and are “soft lofts”- meaning there is exposed ductwork.

The kitchens are what you would expect in new construction with stainless steel appliances and stone counter tops.

There is central air, washer/dryer in the unit and garage parking is available for $7500.

Is this a better deal than renting?

Deborah Hess at Conlon has the developer’s listings. See the pictures here.

Also, check out this YouTube video for more here.

Unit #203: 2 bedrooms, 2 baths, no square footage listed (but I saw 1200 sq. ft. on another listing)

  • Originally listed in February 2010 for $289,900
  • Reduced several times
  • Currently listed at $249,900 (plus $7500 for parking)
  • Assessments of $226 a month
  • Taxes are “new”
  • Central Air
  • Washer/Dryer in the unit
  • Bedroom #1: 13×11
  • Bedroom #2: 13×10

3 Months Later, This Lincoln Park 3-Bedroom Reduces Another $10K: 1049 W. Montana

With the ccrd website down, I’m covering some of our old properties.

We last chattered about this 3-bedroom duplex down at 1049 W. Montana in Lincoln Park in October 2011.

See our prior chatter here.

It is still on the market and was recently reduced another $10,000 to $389,000.

If you recall, it has all the features buyers look for including central air, parking and in-unit washer/dryer (in this case a full sized stackable.)

2 of the 3 bedrooms are in the lower level.

It also has a separate dining room.

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

The listing says the master bath has been “redone” and has marble floors.

What price will it finally take to sell this property?

Millie Rosenbloom at Baird & Warner has the listing. See the pictures here.

Unit #1: 3 bedrooms, 2.5 baths, duplex down, no square footage listed, 1 car parking

  • Sold in March 1996 for $236,500
  • Sold in January 2007 for $445,000
  • Originally listed in June 2011 for $439,000
  • Reduced
  • Was listed in October 2011 for $399,000
  • Reduced
  • Currently listed for $389,000
  • Assessments of $247 a month
  • Taxes of $7220
  • Central Air
  • In-unit washer/dryer
  • Parking included
  • Bedroom #1: 15×11 (lower level)
  • Bedroom #2: 11×10 (lower level)
  • Bedroom #3: 11×8 (main level)

Portage Park 2-Flat Is Now a Short Sale and Reduced $100K: 5341 W. Berteau

We’ve chattered about this Portage Park 2-flat at 5341 W. Berteau several times over the last year.

See our September 2011 chatter here.

Back then, it was listed for $450,000 which all of you thought was too high to cash flow.

Someone guessed that it would be more attractive around $350,000.

Since then, the property has become a short sale and has been reduced to $364,900.

If you recall, it was built in 1918 and has some of its vintage features intact including hardwood floors, stained glass, crown molding and dining room built-ins.

According to the prior listing, it has also had updates, including skylights, new copper plumbing, new electric and windows.

The units consist of the following:

  1. Unit #1: 3 bedrooms/1 bath
  2. Unit #2: 4 or 5 bedrooms/2 baths duplex up – owners unit with third floor with vaulted ceilings

The old listing said the first floor rental unit has a new kitchen and bath.

Full unfinished basement (the old listing said it had 7.5 foot ceilings).

Built on a 33×125 lot, it does not have a garage but the old listing said one can be added.

The property is just a few houses east of Portage Park and is across from Portage Park school.

Is this finally priced to sell?

Mark Cahan at Mark Cahan Realty now has the listing. There are fewer pictures with this latest listing and most of the top floor owner’s duplex pictures are no longer listed (see the old chatter for discussion on those pictures).

But you can still see the original pictures here.

5341 W. Berteau: 2-flat, 7 bedrooms, 3 baths, 3000 square feet, no garage

  • Sold in November 1991 for $135,000
  • Originally listed in March 2011 for $469,000
  • Reduced in May 2011 to $450,000
  • Was listed in September 2011 at $450,000
  • Reduced
  • Was listed in October 2011 at $399,000
  • Reduced
  • Currently listed as a “short sale” at $364,900
  • Taxes of $5274
  • Central Air
  • 2 sets of W/D
  • No garage- but apparently one could be built
  • 1st floor 3/1
  • 2nd floor duplex up 5/2

This Bank Owned 2-Bedroom River Village Townhouse Just Reduced Under $300K: 932 N. Crosby

This 2-bedroom townhouse in River Village at 932 N. Crosby in River North/Gold Coast??? (what neighborhood is this?) has been on and off the market since September 2010.

It is now bank owned but the bank can’t sell it.

Listed in mid-December for $324,000, the bank recently threw in the towel and cut the price all the way down to $299,900.

That is $63,600 under the 2005 purchase price.

It is in a gated community along the river and has a 2-car garage.

The townhouse is only 1250 square feet, because there is no basement.

Both bedrooms are upstairs.

From the pictures, the kitchen and bathrooms appear intact.

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

Is this townhouse a better deal than a similar condo at the same price?

Cris Sallmen at Koenig & Strey Real Living has the listing. See the pictures here (sorry- I don’t  have any exterior pictures of these townhouses).

932 N. Crosby: 2 bedrooms, 2.5 baths, 1250 square feet, 2 garage parking spaces

  • Sold in August 2005 for $363,500
  • Originally listed in September 2010 for $483,000
  • Reduced numerous times
  • The ccrd website is down so I can’t see when the bank took it back
  • Bank owned
  • Was listed in December 2011 for $324,000
  • Reduced
  • Currently listed for $299,900
  • Assessments of $225 a month
  • Taxes of $4508
  • Central Air
  • Bedroom #1: 14×12 (second floor)
  • Bedroom #2: 14×10 (second floor)

From a List of $5.3 Million to $2.999 Million and Bank Owned in 2 1/2 Years: 53 E. Division in the Gold Coast

We last chattered about this renovated 1910 Georgian mansion at 53 E. Division in the Gold Coast in September 2010.

See our prior chatter here.

Back in 2010, most of you thought it was overpriced (surprise!).

Some of you also didn’t like that it was on Division Street, although this location it is not really near any of the bars.

It had been on the market for 4 years, when the bank finally took it back in 2011.

The price has now been cut to $2.999 million from $5.3 million.

It has all the upscale finishes you would expect in the Gold Coast including extensive moldings, French chevron floors.

The old listing said there was a Boffi kitchen but the new listing says “kitchen and baths need your final touch” and there are NO pictures of them in the listing.

There is a 2-car garage on a 22×86.6 lot. It appears you could add a rooftop deck as there is a door that currently opens onto the roof.

Will this finally sell in 2012 now that the price has been slashed?

And for what price?

Landon Harper at @Properties now has the listing. See the pictures here.

53 E. Division: 5 bedrooms, 5 baths, 3 half baths, over 7000 square feet, 2 car attached garage

  • Sold in April 2005 for $1.8 million
  • Originally listed in July 2007
  • Was listed in May 2009 for $5.3 million
  • Reduced
  • Was listed in September 2010 for $4.7 million
  • Reduced several more times
  • Withdrawn
  • Bank owned in September 2011
  • Re-listed in November 2011 for $2.999 million
  • Taxes of $40,648 (was $25,764 in 2010)
  • 4 fireplaces
  • Central Air
  • Bedroom #1: 14×20 (third floor)
  • Bedroom #2: 14×20 (second floor)
  • Bedroom #3: 19×14 (second floor)
  • Bedroom #4: 19×14 (third floor)
  • Bedroom #5: 12×12 (lower level)
  • Media room: 20×17 (lower level)

It’s Back! 3 Months Later 1104 W. Montana in Lincoln Park Returns After a Complete Renovation

We have chattered about this 2-bedroom in this courtyard building at 1104 W. Montana in Lincoln Park several times over the years.

See our prior chatter in June 2011 when we discussed Chicago’s shadow inventory here.

Back in June, anonny said this about why the unit, which was in a short sale, wasn’t selling at a list price of $169,000: “essentially: off-campus student housing.”

The unit finally sold for just $100,000 in October 2011.

Someone must have been reading our comments about the quality of the unit, though, because just 3 months later it has come back on the market as a “complete gut” with “million $ finishes for $289k!”

The unit was formerly a 1-bedroom with a dining room. The dining room was closed off and a closet added to make it a 2/1.

The kitchen now has white cabinets, stainless steel appliances, a backsplash and honed black granite counter tops. There’s even a winecooler.

There is a marble fireplace, crown molding and walnut floors.

The bathroom has been gutted and now has Toto, Robern, and Grohe finishes.

The unit still doesn’t have central air and there is still no in-unit washer/dryer.

The listing says there’s parking, but there wasn’t before so I don’t think there is deeded parking with this unit (or even the building.) Maybe it is rental in the neighborhood.

Will this sell quickly because it’s “new”?

To get the full extent of the renovation, check out the prior pictures of the unit here.

Eugene Fu at @Properties now has the listing. See the renovated unit here.

Or you can see it in person at the Open House on Saturday January 14 at 12-3 PM.

Unit #2A (was #2 before): now 2 bedrooms, 1 bath, no square footage listed (was a 1/1 with a dining room)

  • Sold in September 1996 for $116,000
  • Sold in August 2001 for $177,000
  • Sold in July 2006 for $250,000
  • Was listed in May 2008 for $256,000
  • Lis pendens filed in August 2008
  • Reduced
  • Was listed in December 2008 for $244,000
  • Withdrawn
  • Returned to the market as a “short sale” in June 2011 for $174,000
  • Reduced
  • Was listed as a short sale in June 2011 at $169,900
  • Sold in October 2011 for $100,o00
  • Recently re-listed for $289,000
  • Assessments of $246 a month (includes heat)
  • Taxes of $3158
  • No central air
  • No in-unit washer/dryer (its in the building though)
  • Listing now says parking- but the old listing didn’t have it. Maybe rental??? 
  • Bedroom: 14×11
  • Livingroom: 19 x 11
  • Dining room- is now a Bedroom: 10×8




A New Year But No Price Reductions For This 6-Bedroom Gold Coast Mansion: 1538 N. Dearborn Parkway

We last chattered about this 6-bedroom vintage Gold Coast mansion at 1538 N. Dearborn Parkway in March 2011.

See our prior chatter here.

10 months ago, it had a broken window in front and was sitting on the market with absolutely no price reductions.

Flash forward to the new year- and it is STILL on the market with no price reductions. (I don’t know about the broken window- as I haven’t walked by in awhile. I’m sure someone can fill us in on that- see last year’s picture below.)

The lis pendens foreclosure was filed 26 months ago. The average time for the bank to take possession in Cook County is about 18 months.

If you recall, the 6000 square foot house had a “historically correct” complete renovation.

Built on a 25×125 lot, it has a 2-car garage and 6 fireplaces.

The master bedroom is on the third floor, 3 bedrooms are on the second floor and 2 are in the lower level.

There are no interior pictures of the house with the listing.

Will the bank finally do something with this property in 2012?

Or will we still be chattering about it listed at $4.99 million in 2013?

Place your bets.

Mary Bennett at Koenig & Strey Real Living still has the listing. See the listing here.

1538 N. Dearborn Parkway: 6 bedrooms, 5.5 baths, 6000 square feet, 2 car garage

  • Sold in August 1989
  • Sold in April 2006 for $2.7 million
  • Originally listed in August 2008 for $5.98 million
  • Reduced in October 2009 to $4.99 million
  • Lis pendens foreclosure filed in November 2009
  • Was listed in March 2011 for $4.99 million
  • Currently still listed for $4.99 million
  • Taxes of $35,314
  • Central Air
  • Bedroom #1: 23×23 (third floor)
  • Bedroom #2: 13×13 (second floor)
  • Bedroom #3: 15×11 (second floor)
  • Bedroom #4: 12×11 (second floor)
  • Bedroom #5: 13×10 (lower level)
  • Bedroom #6: 14×11 (lower level)
  • Family room: 19×16 (main level)