Is Printers Row About to Become the Next Hot Neighborhood? A 3-Bedroom Loft at 124 W. Polk

124 w polk

This 3-bedroom corner loft in the Folio Square Lofts at 124 W. Polk in the Printers Row neighborhood of the South Loop came on the market in April 2016.

It’s a top floor authentic loft with 14 foot concrete ceilings and south and east exposures.

A wall of industrial windows runs the entire length of the loft which also has exposed brick.

The kitchen has wood cabinets, granite counter tops and stainless steel appliances along with a wine refrigerator.

The master bedroom has an en suite bathroom.

At 2500 square feet, this unit was created by combining two smaller units.

It is big enough to have a family room and a dining room.

The loft has central air and washer/dryer in the unit but there’s no parking with the building. Parking is available to lease in the neighborhood.

This loft was recently reduced $25,000 to $575,000.

With the Riverline, a big riverfront development with 2700 units, soon to start construction just two blocks away which will include retail and restaurants, is now a good time to get into the neighborhood before prices get pushed even higher?

Could Printers Row be the next really hot neighborhood?

Heather Hillebrand at Dream Town has the listing. See the pictures here.

Unit #1004: 3 bedrooms, 2 baths, 2500 square feet

  • Sold in May 2006 for $527,500
  • Sold in June 2008 for $604,000
  • Originally listed in April 2016 for $600,000
  • Reduced
  • Currently listed for $575,000
  • Assessments of $1022 a month (includes security system, cable, exercise room, exterior maintenance, scavenger and snow removal)
  • Taxes of $8674
  • Central Air
  • Washer/Dryer in the unit
  • No parking- it is leased in the neighborhood
  • Bedroom #1: 17×17
  • Bedroom #2: 16×16
  • Bedroom #3: 14×9

 

What’s the Going Price for an 8,000 Sq Ft North Center Victorian? 1904 W. Patterson

1904 w patterson

This 7-bedroom Queen Anne Victorian at 1904 W. Patterson in North Center has been on and off the market since April 2015.

Built in 1891 on a 62.5 x 125 corner fenced in lot, it has a large wrap around porch and a 3-car garage.

At 8,000 square feet, it has 7 bedrooms on both the second and third floors.

There’s a lower level exercise room and sauna as well as a game room.

It also has an interesting feature in the top floor turreted room: an “office/smoking room with ventilation system.”

The house has an eat-in kitchen with white cabinets, stainless steel appliances and stone counter tops.

It has central air and 3 fireplaces as well as extensive wood work and moldings.

Originally listed in April 2015 for $3,999,999, it has been reduced numerous times.

It was re-listed in May 2016 for $2.9 million and just recently reduced to $2.55 million.

Is this house now a deal for the lot size and square footage?

Julie Harron at Baird & Warner has the listing. See the pictures here.

1904 W. Patterson: 7 bedrooms, 8 baths, 8000 square feet, 3 car garage

  • Sold in November 1998 for $650,000
  • Originally listed in April 2015 for $3,999,999
  • Reduced
  • Was listed at $2.799 million in March 2016
  • Withdrawn
  • Re-listed in May 2016 for $2.9 million
  • Reduced
  • Currently listed at $2.55 million
  • Taxes of $27835
  • Central Air
  • 3 fireplaces
  • Bedroom #1: 20×16 (second floor)
  • Bedroom #2: 21×16 (second floor)
  • Bedroom #3: 14×13 (second floor)
  • Bedroom #4: 12×12 (second floor)
  • Bedroom #5: 17×16 (third floor)
  • Bedroom #6: 13×12 (third floor)
  • Bedroom #7: 11×10 (third floor)
  • Turreted office/smoking room: 13×13 (third floor)
  • Exercise room: 18×16 (lower level)

Another Day, Another Multi-Million Dollar Penthouse Lists: 310 S. Michigan in the Loop

310 s michigan #2 approved

This 4-bedroom penthouse in the Metropolitan Tower at 310 S. Michigan across from Millennium Park in the Loop just came on the market.

It has unique features including extensive crown molding and 5 fireplaces.

The 4180 square foot unit has a library with wood paneling and a boxed ceiling.

All 4 bathrooms are marble and en suite.

The unit has 2 powder rooms.

The kitchen appears to have custom cabinets.

It has a 4000 square foot terrace which doesn’t appear to be landscaped or built-out in anyway (at least as can be determined from the pictures).

The unit comes with 3-car garage parking, central air and washer/dryer in the unit.

There’s a lot of competition in the luxury penthouse category right now.

This unit has come on the market at $4.9 million, or $1.325 million more than the 2014 sales price.

Does this penthouse have unique features that will set it apart from all the others also on the market?

Beth Burtt at Baird & Warner has the listing. See the pictures here.

Unit #2501: 4 bedrooms, 4 baths, 2 half baths, 4180 square feet

  • Sold in August 2014 for $3.575 million
  • Currently listed for $4.9 million
  • Assessments of $2936 a month (includes heat, a/c, gas, doorman, cable, exercise room, exterior maintenance, lawn care, scavenger and snow removal)
  • Taxes of $24603
  • Central Air
  • Washer/Dryer in the unit
  • Includes 3 car garage parking
  • Bedroom #1: 22×15
  • Bedroom #2: 15×15
  • Bedroom #3: 13×12
  • Bedroom #4: 13×12
  • Library: 22×17
  • Terrace: 4000 square feet

 

 

Get a River North Duplex Penthouse With a 1000 Sq Ft Terrace for $850,000: 645 N. Kingsbury

645 n kingsbury

This 2-bedroom duplex penthouse in Admiral’s Pointe at 645 N. Kingsbury in River North came on the market in August 2016.

The listing says the unit has been renovated.

It has floor-to-ceiling windows with the main living areas and two bedrooms on the main floor.

The kitchen has modern white and wood cabinets, Silestone countertops and stainless steel appliances.

The second floor has a 25×25 family room with a 1000 square foot wrap-around deck with city views.

It has central air, washer/dryer in the unit and 2 garage parking spaces are included in the price.

You can even take the water taxi to work on the Chicago River as there is a stop nearby.

This unit last sold in 2002, when the building was new construction.

It is listed at $850,000, including the parking.

Is that a deal for a River North penthouse?

Krystyna Kaczor at Berkshire Hathaway KoenigRubloff has the listing. See the pictures here.

Unit #2608: 2 bedrooms, 2 baths, duplex, 1850 square feet

  • Sold in September 2002 for $575,500 (included 1 car parking)
  • Currently listed for $850,000 (includes 2 parking spaces)
  • Assessments of $1303 a month (includes cable, Internet, exercise room, exterior maintenance, lawn care, scavenger, snow removal)
  • Taxes of $11,101
  • Central Air
  • Washer/Dryer in the unit
  • Bedroom #1: 13×12 (main level)
  • Bedroom #2: 13×12 (main level)
  • Family room: 25×25 (second floor)
  • Terrace: 50×20

 

Single Family Home or Condo for your $669,000? 2058 N. Leavitt in Bucktown

2058 n leavitt

This 2-bedroom single family home at 2058 N. Leavitt in Bucktown just came on the market.

But some of you remembered it from 2012 (thanks to MatthewLesko), when it was last featured here on Cribchatter.

Back in 2012, it was a 3-bedroom but it’s now listed as a 2-bedroom, with a third bedroom in the basement.

It was originally listed for $599,000 in 2011.

But by 2012, it had been on the market for months, and had been reduced to $549,000.

Check out that chatter here.

Now, in 2016, it is back.

If you recall, it was built in 1887 on a smaller than standard Chicago lot of 24×100 but still has a 2-car garage.

The kitchen still has the same 42 inch maple cabinets, granite counter tops but all the appliances are now stainless (back in 2012, it was a mix of black and stainless appliances.)

The house has central air and a lower level family room, along with a work room and laundry.

The current listing makes a big deal out of the fact that you can buy a condo for the price of this single family home:

“Why buy a condo when you can have a single family home for the same price & enjoy care free living without any association.”

In the 2012 Zillow listing, the house is listed as having 1238 square feet. I’m assuming that doesn’t include the basement.

The house finally sold for $490,000.

There used to be a preference for single family homes among buyers but developers have been building bigger condo units in recent years.

Would you rather have a single family home or a condo for your $669,000 in Bucktown?

Edward Jelinek at @Properties has the listing. See the pictures here.

Or see it at the Open House on Saturday, August 6 from 12- 2 PM.

2058 N. Leavitt: 2 bedrooms, 2 baths, no square footage listed, 2 car garage

  • Sold in June 1992 for $118,000
  • Sold in September 1997 for $250,000
  • Sold in September 2000 for $409,000
  • Sold in March 2003 for $427,500
  • Sold in December 2005 for $560,000
  • Originally listed in July 2011 for $599,000
  • Reduced
  • Sold in July 2012 for $490,000
  • Currently listed at $669,000
  • Taxes are now $8835 (they were $7002 in 2012)
  • Central Air
  • Bedroom #1: 15×12 (second floor)
  • Bedroom #2: 14×10 (second floor)
  • Bedroom #3: 18×11 (lower level)
  • Office: 9×17 (lower level)

Get a Rare Skylight in a Condo in this 2-Bedroom at 310 S. Michigan in the Loop

310 s michigan #2 approved

This 2-bedroom in the Metropolitan Tower at 310 S. Michigan across from Millennium Park in the Loop came on the market in June 2016.

It’s on the 23rd floor, which is an amenities floor with a building terrace and grills.

The listing says there are only 3 units on this floor and this one has a unique layout.

At 2000 square feet, it has a south facing balcony from the living room and kitchen with views of the park and the Lake.

But the most unique feature is a 15×15 “media room” which also has a skylight.

Skylights are rare in condo high rises. I don’t recall cribbing about another high rise unit with that feature.

The kitchen has stainless steel appliances and dark cabinets.

It has the other features buyers look for including central air and washer/dryer in the unit. Parking is extra at $42,500, and doesn’t have to sell with the unit.

This unit is listed $149,500 below the 2008 price.

Is this a deal?

Michael Gentile at @Properties has the listing. See the pictures here.

Unit #2303: 2 bedrooms, 3 baths, 2000 square feet

  • Sold in October 2008 for $979,500 (no parking included)
  • Originally listed in June 2016 for $830,000
  • Currently still listed for $830,000 (parking $42,500 extra)
  • Assessments of $1472 a month (includes heat, a/c, gas, doorman, cable, exercise room, lawn care, exterior maintenance, scavenger, Internet, snow removal)
  • Taxes of $11,153
  • Central air
  • Washer/dryer in the unit
  • Skylight
  • Bedroom #1: 14×16
  • Bedroom #2: 12×11
  • Media room: 15×15

 

Are They Overbuilding New Luxury Condos in Chicago? 808 N. Wells in River North

808 n wells

Listings for the new luxury high rise being marketed as the “Code of Luxury” at 808 N. Wells in the Gold Coast just came on the market.

I consider this Gold Coast as it is north of Chicago Avenue.

The building is from Smithfield, the developer of 30 W. Oak, the highly successful modern boutique high rise in the Gold Coast.

It will only have 40 units with square footage from 1558 to 5,080 square feet and every unit will have 2-car parking included with the price. Although some of the press releases have said there could be 45-50 units in the building.

Perhaps some buyers are already combining units, hence the number of units has dropped.

The units will have 10-12 foot ceilings and terraces.

The kitchens will have Valcucine cabinets and Miele appliances.

The building is expected to begin closings in the fall of 2017.

Below is a listing for a 3-bedroom on the 7th floor with 2086 square feet priced at $1.395 million.

There are several new buildings all selling units priced over $1 million.

Will all of these units be absorbed in this cycle or are the developers late to the game?

@Properties is handling the sales. See the developer’s pictures here.

You can see the building’s website, with floorplans, here.

Unit #7B: 3 bedrooms, 2.5 baths, 2086 square feet

  • Currently listed at $1.395 million
  • Assessments of $1325 a month (includes heat, a/c, gas, doorman, cable, exercise room, exterior maintenance, scavenger, snow removal)
  • Taxes are “new”
  • Central Air
  • Washer/dryer in the unit
  • 2-car parking included
  • Bedroom #1: 16×15
  • Bedroom #2: 13×12
  • Bedroom #3: 13×11

Has the Luxury Market Cooled? A 4-Bedroom in the Playboy Mansion at 1340 N. State Parkway

1340 n state parkway

This 4-bedroom half-floor unit in the Playboy Mansion at 1340 N. State Parkway in the Gold Coast came on the market in early November 2015.

It was publicized all over the media because units rarely come on the market in this famed mansion.

According to Wikipedia, the 70-room French brick and limestone mansion was built in 1899 for Dr. George Swifth Isham.

Hugh Hefner moved in in 1959. Apparently the top two floors served as dorms for the bunnies.

Hefner moved to his California mansion full-time in 1974. The mansion was turned into 7 condos in 1994.

We chattered about this unit when everyone else was talking about it last fall. So the media blitz “worked” except that it didn’t find a buyer.

You can see our November 2015 chatter here.

If you recall, this unit has tall ceilings, 3 fireplaces and a foyer and is on the south, east and west corner.

It is all on one level and includes a 16×11 covered terrace.

The listing says it has had a recent renovation.

The all white custom kitchen has luxury stainless steel appliances.

There is a master suite and 2 en suite bedrooms.

It has central air, washer/dryer in the unit and 2 heated garage parking spaces.

The house is always a stop on walking and biking tours of the Gold Coast. It’s living in a Chicago landmark.

The last unit we chattered about in the Playboy Mansion, the “ballroom unit” because it was formally the house’s ballroom, sold in just 9 months for $5.2 million when the market was still awful, in May 2012.

But that was the “ballroom” unit, which was unique in its own way.

See our chatter about that unit here.

Eight months later, this 4-bedroom unit is still available and has been reduced $600,000 to $5.15 million.

Has the luxury market cooled over the last year? Or is this building and unit so unique that it can’t be put in the same category as all the luxury $5 million high rise condos?

Janet Owen at Berkshire Hathaway KoenigRubloff has the listing. See the pictures here.

Unit #3S: 4 bedrooms, 4.5 baths, 4300 square feet

  • Sold in June 1994 for $535,000
  • Sold in January 1998 for $1.475 million
  • Sold in August 2004 for $1.575 million
  • Sold in August 2008 for $3.275 million
  • Was listed in November 2015 for $5.75 million
  • Reduced
  • Currently listed for $5.15 million
  • Includes 2-car garage parking
  • Assessments of $2847 a month (includes water, exterior maintenance, scavenger)
  • Taxes of $48229
  • Central Air
  • Washer/Dryer in the unit
  • 3 fireplaces
  • Bedroom #1: 18×18
  • Bedroom #2: 15×13
  • Bedroom #3: 14×12
  • Bedroom #4: 13×12
  • Family room: 25×17
  • Office: 10×10

Is the West Loop Now the Hottest Neighborhood for Price Gains? A 2-Bedroom at 203 S. Sangamon

203-s-sangamon-approved

This 2-bedroom duplex in the Beacon Lofts at 203 S. Sangamon in the West Loop came on the market in May 2016.

This loft has 18 foot ceilings and faces south.

While it has the tall ceilings and exposed duct work,  it doesn’t have exposed brick, beams or other factory type features.

But it does have 1840 square feet.

One bedroom and a den are on the main floor and a second bedroom is on the second level.

The kitchen has granite counter tops and black appliances with 42 inch cabinets.

The loft has all the features buyers look for including central air, washer/dryer in the unit and garage parking, which is $30,000 extra.

This loft is located right in the middle of the West Loop, which means you can walk to a variety of restaurants on Randolph Street, various supermarkets and even stroll over to Greektown.

Originally listed for $699,900, which was 70% appreciation over the 2012 sale price, it has been reduced over the last few months.

There’s always one neighborhood that sees incredible appreciation during a boom.

Last time, Lincoln Square was the big winner.

Will it be the West Loop this time?

Gorge Furla at North Clybourn Group has the listing. See the pictures here.

Unit #310: 2 bedrooms, 2 baths, duplex, 1840 square feet

  • Sold in August 1999 for $309,000
  • Sold in November 2004 for $420,000
  • Sold in October 2012 for $410,000
  • Originally listed in May 2016 for $699,900
  • Reduced
  • Currently listed for $649,000 (parking is $30,000 extra)
  • Assessments of $505 a month (includes cable, exercise room, scavenger, Internet)
  • Taxes of $7872
  • Central Air
  • Washer/Dryer in the unit
  • Bedroom #1: 16×12 (second floor)
  • Bedroom #2: 14×12 (main floor)
  • Den: 12×10 (main floor)

 

 

Unique Condos Do Exist in the West Loop: A 2-Bedroom at 1016 W. Madison

1016 w madison

This 2-bedroom at 1016 W. Madison in the West Loop came on the market in May 2016.

This 8-unit elevator building with just 2 units per floor was converted into condominiums in 1998 but it’s not a loft. It’s one of the rare, older boutique buildings in this neighborhood.

This unit has 14-foot ceilings and, the listing says, new windows.

The kitchen was gut-finished in 2015 and has custom white cabinets, stainless steel appliances including a double oven and quartz counter tops.

The listing says the bathrooms have been updated.

It has all the features buyers look for including central air, washer/dryer in the unit and garage parking.

Originally listed in May for $740,000, it has been reduced $10,000 to $730,000.

It’s rare to see a property on the market for long in this hot neighborhood. This has been listed for 70 days.

Is an upper price limit developing for 2-bedroom condos in the West Loop?

Jo Simmons at Midwest Realty Services has the listing. See the pictures here.

Unit #2S: 2 bedrooms, 2 baths, 1850 square feet

  • Sold in August 1998 for $270,000
  • Sold in June 2014 for $560,000
  • Originally listed in May 2016 for $740,000
  • Reduced
  • Currently listed for $730,000 (including the parking)
  • Assessments of $493 a month (includes scavenger, snow removal)
  • Taxes of $7177
  • Central Air
  • Washer/Dryer in the unit
  • Bedroom #1: 15×12
  • Bedroom #2: 17×10
  • Laundry room: 6×7