Selling Within Two Years: 814 W. Aldine in Lakeview

This 1906 building at 814 W. Aldine in Lakeview was converted in 2006. Unit #2S is the first unit to come back on the market since the original sales.

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There is no square footage given, but it appears to be on the smaller side.  Here are the room measurements:

  • Bedroom #1: 14 x 12
  • Bedroom #2: 11 x 9
  • Livingroom: 14 x 12
  • Kitchen: 11 x 9

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Unit #2S: 2 bedrooms, 2 baths

  • Sold in April 2006 for $359,000
  • Currently listed for $339,900 plus $35,000 for parking
  • Assessments of $115 a month
  • Jameson Realty has the listing

$1.5 Million Reduction on River North Mansion: 701 N. Kingsbury

A bunch of huge custom mansions were built in recent years in River North on Kingsbury and Huron. The area apparently calls itself “Kingsbury Park.”

They were in the news last summer after Miami Heat NBA player Antoine Walker was robbed at gunpoint in his home on the block. From the Chicago Tribune:

A source close to the Walker family said the former Mt. Carmel High School basketball star, a 6-foot-9-inch forward for the Miami Heat, was tied up with duct tape by masked intruders and robbed of jewelry, cash and his black Mercedes.

Chicago police recovered the Mercedes — minus its wheels — on Tuesday but declined to confirm other details of the investigation.

The source told the Chicago Tribune on Tuesday that two intruders wearing masks and covering their eyes entered through the garage at Walker’s home Monday evening. One held a weapon, likely a small handgun, to Walker’s head.

“He acted as if he knew Antoine and was talking to him about knowing the consequences of the robbery,’’ the source said.

The intruders ordered Walker into his house, where they wrapped duct tape around his ankles and wrists. Walker was able to extricate himself from the duct tape after the robbery.

The Tribune article also states that several of the homeowners employ private security guards to “sit behind their brick edifices and monitor suspicious onlookers.”

Apparently, Mr. Walker started packing up to move the very next day and no longer lives on the block.

But the publicity couldn’t have been good for other homes for sale on that street. (Thanks to the tipster who alerted me to the market time and reduction on the Kingsbury house.)

Take 701 N. Kingsbury, a 9000 square foot mansion with four terraces and a roofdeck. It sits on a corner lot at the end of the block.

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It’s been on the market since 2006 and has had several price reductions. It was recently reduced another million.

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701 N. Kingsbury: 4 bedrooms, 4 baths, 4 half-baths, 9000 square feet, 3 car heated garage

  • Sold in December 2003 for $3,773,500
  • Originally listed in November 2006 for $5.495 million
  • Reduced to $4.995 million and stayed on the market throughout 2007
  • Withdrawn from the market in December 2007
  • Re-listed in December 2007 at $3.995 million
  • Currently listed for $3.995 million
  • Century 21 M.B. Real Estate has the listing

Two smaller homes are also on the market.

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450 W. Huron’s listing states:

VERY MOTIVATED SELLER !!! FAB 7200 SQFT, 6BR, 6.2 BA HOME W/ THE WORKS!

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450 W. Huron: 6 bedrooms, 6 baths, 2 half-baths, 2.5 car garage

  • Sold in September 2004 for $3.4 million
  • Currently listed for $3.9 million
  • Prudential Preferred has the listing

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432 W. Huron: 4 bedrooms, 4 baths, 1 half-bath, 2 car garage

  • I couldn’t find a prior sale- from the developer?
  • Currently listed for $3.3 million
  • Coldwell Banker has the listing

Short Sales in the Mural Building: 1211 N. LaSalle

1211 N. LaSalle, or famously known as “The Mural Building”, in the Gold Coast was converted from apartments to condominiums in 2006. The building was built in 1924 and has four units per floor.

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There is parking available to purchase but there are no washer/dryers in the units.

These two units are in short sale:

Unit #1703: 2 bedroom, 2 baths, 1150 square feet

  • Sold in June 2006 for $271,000
  • Currently listed for $279,900 (no parking)
  • Assessments of $295 a month
  • Major Enterprises, Inc. has the listing

Unit #1604: 1 bedroom, 1 bath (no square footage listed but the other 1/1s are 650 square feet)

  • Sold in April 2006 for $179,500
  • Currently listed for $174,900
  • Assessments of $230 a month
  • Major Enterprises, Inc. has the listing

The short sales are really hurting the regular sellers.  Other one bedrooms are on the market for around $200,000.

You can see the building’s pretty vintage carved ceilings in some of the pictures below.

This two bedroom is not a short sale:

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Unit #1502: 2 bedrooms, 2 baths, 1150 square feet

  • Sold in July 2006 for $261,000
  • Sold in January 2007 for $296,000
  • Currently listed for $328,000 plus $35,000 for parking
  • Window A/C units- no central air
  • Assessments of $319 a month
  • @Properties has the listing

What If You Sell Within A Year? Re-sale in Crilly Court

Crilly Court, four 1890s buildings converted into 90 condominiums last year, was a very successful conversion in Old Town that sold out within months.

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The buildings had been apartments for decades.

The buildings are smack in the center of Old Town on Eugenie, Crilly, St. Paul and Wells. Units ranged from small one bedrooms to three bedroom units. There were eight parking spots that were sold with the building (outdoor spots in the courtyard). They sold with only the most expensive three bedroom units.

The buildings were totally gutted and fitted with central air and washer/dryers.

One of the two bedroom units in the Crilly building has come back on the market after only 10 months.

What’s the appreciation on a unit like this?

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1701 N. Crilly, Unit #4E: 2 bedrooms, 2 baths, 1200 square feet

  • Sold in May 2007 for $376,500
  • Listed for $459,900
  • No parking available
  • Assessments of $226 a month
  • Sudler Sotheby’s has the listing

Another Townhouse for a First Time Buyer: 2707 N. Lincoln

The sales history on this townhouse at 2707 N. Lincoln in Lincoln Park/Lakeview is interesting.

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I couldn’t find square footage on this unit, but it doesn’t appear very large. However, it does have a “bonus room” on the first floor. And a private roof-top deck.

  • Bedroom #1: 12 x 10
  • Bedroom #2: 11 x 9
  • Livingroom: 18 x 10
  • Kitchen: 9 x 9
  • Bonus Room: 23 x 15

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Unit #C: 2 bedrooms, 2 baths, “bonus room”

  • Sold in August 2001 for $327,000
  • Sold in August 2004 for $353,000
  • Sold in March 2006 for $362,500
  • Currently listed for $399,000 (garage attached)
  • Assessments of $182 a month
  • Apostal Group has the listing

Mid-Century Modern – Or Just 1965? 235 W Eugenie

There is a condo building at 235 W. Eugenie in Old Town that was designed by famous Chicago architect Harry Weese. From The Art Institute of Chicago:

In 1940, Weese joined the Chicago office of Skidmore, Owings & Merrill, but was drafted into the U.S. Army Corps of Engineers in 1941. Weese returned to SOM in 1946, but left to open his own office, Harry Weese Associates, in 1947.

Throughout his career, Weese was an outspoken advocate for architecture and planning that embraced the social, political, and economic realities of contemporary urban life. Among his most recognized designs are the Washington, DC, metro rail system; the United States embassy in Accra, Ghana; and the Arena Stage complex near Washington, DC. Weese also led the restoration of Louis Sullivan’s Auditorium building in Chicago.

The listing for Unit #T-4 says it is a “mid-century modern duplex condo.” Or is that just a classier way of saying, “it was built in 1965″?

These units feel almost like a townhouse, because they are duplexed, and they each have their own outdoor entrance.

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There is no square footage given with the unit but here are the measurements (which, in the listing, they say they do not guarantee.)

  • Bedroom #1: 14 x 10
  • Bedroom #2: 12 x 10
  • Livingroom: 21 x 13
  • Kitchen: 16 x 9

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Unit #T-4: 2 bedrooms, 1.5 baths

  • Sold in August 2004 for $385,000
  • Currently listed for $409,900 (includes a parking spot)
  • Assessments of $167 a month
  • No Central Air- window units
  • It does have a w/d in the unit
  • Jameson Realty Group has the listing

It has a unique feature of having a wood burning stove in the living room.

Vintage Grandeur in Lincoln Park on the El Line: 2127 N. Sheffield

How hard is it to sell a property on the El line?

This vintage graystone condo built in 1892 at 2127 N. Sheffield in Lincoln Park makes no secret of the fact that it’s right on the El line.

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From the listing:

GREAT 4 ROOMMATES! AWESOME DEPAUL LOCATION. SUPER SPACIOUS- 3 LARGE BEDROOMS, TOP FLOOR GREYSTONE CONDO. ORIGINAL TRIM & MOLDINGS, HIGH CEILINGS & POCKET DOORS. EAT-IN KITCHEN W/ SOME NEW APPLIANCES. LG DINING ROOM W/BUILT-IN HUTCH.

UNIT HAS CA & PRIVATE DECK. ADDIT’L STORAGE & PRKG INC. STEPS TO DEPAUL & TRANSPORT. THIS HOME GETS GREAT LIGHT! ALTHOUGH ON THE EL IT’S SURPRISINGLY QUIET-ONLY THE KITCHEN WINDOW FACE EL.

The listing doesn’t mention an in-unit washer/dryer but it does have a parking space included.

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For those who yearn for an “unremodeled” kitchen- this one looks like it hasn’t been touched in awhile. It’s kind of refreshing, frankly.

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Unit #3: 3 bedrooms, 1 bath, 1400 square feet

  • Sold in June 2002 for $288,000
  • Sold in August 2004 for $325,000
  • Currently listed for $369,900
  • Assessments of $245 a month
  • Rubloff has the listing

Flipper Alert: One Bedroom Flip Closes in 340 On the Park

We’ve chattered endlessly about 340 on the Park in Lakeshore East.

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Another flipped unit has closed. (Thanks to the Tipster who sent me the closing information.) I chattered about this unit in January 2008.

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Unit #307: 1 bedroom, 1.5 baths, 1186 square feet

  • Sold in July 2007 for $415,000
  • Originally re-listed for $725,000 in July 2007 (don’t know if that included the parking)
  • Reduced to $649,000
  • Reduced again in January 2008 to $599,000 (not including the parking which is $50k extra)

It finally sold.

Closing price: $525,000without the parking space.

I know all of you will tell me what this means for the market in that building. Have at it!

Bought in the last three years- What will you make? 130 S. Canal

You’re supposed to own real estate for several years, in order to recoup your closing costs and other expenses (realtor fees etc.)

But life sometimes intervenes and people can’t stay in their property as long as they hoped.

There are a bunch of sellers in Metropolitan Place, at 130 S. Canal, in the Loop who bought in the last three years and who are now looking to sell.

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How will they fare?

Metropolitan Place is an older concrete loft conversion right across from Union Station. The units are large and many of the two bedrooms have windows in both bedrooms. There is also parking available in the building.

For years, this building was known as having the only Starbucks that was open in the Loop on the weekends.

There are currently 11 units on the market, with several under contract.

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Unit #606: 2 bedrooms, 2 baths, 1500 square feet

  • Sold in April 2004 for $330,000
  • Sold in August 2006 for $360,000
  • Currently listed for $369,000 (plus $30k for parking)
  • Assessments of $502 (plus $60 if you buy the parking)
  • Windows in both bedrooms
  • Rubloff has the listing

Unit #515: 2 bedrooms, 2 baths, 1580 square feet

  • Sold in May 2005 for $390,000
  • Sold in September 2006 for $427,000
  • Currently listed for $415,000 plus $30k for parking
  • Assessments of $552 a month (plus $60 for parking)
  • Listing says 60 feet of windows
  • Koenig & Strey has the listing

Unit #211: 1 bedroom, 1 bath, 900 square feet

  • Sold in October 2000 for $211,000
  • Sold in May 2005 for $245,000
  • Currently listed for $229,000 (parking $30,000 extra)
  • Assessments of $331 a month (plus $60 for parking)
  • Coldwell Banker has the listing

Two Car Parking Versus a Rooftop Deck: 708 W. Barry

708 W. Barry in East Lakeview was built in 2005 and appears to have eight units.

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Two are currently on the market. One is on the first floor but it has two car parking included. Who gets that in East Lakeview?

The second is on the top floor and has not only a balcony but also a private rooftop deck.

Both are trying to sell in the hard-to-sell price range around $500,000.

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Unit #1R: 2 bedrooms, 2 baths, 1200 square feet

  • Sold in November 2005 for $454,500
  • Currently listed for $489,900 which includes two parking spaces that are NOT tandem
  • Assessments of $149 a month
  • Select Properties,  Inc. GMAC Re has the listing

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Unit #4F: 2 bedrooms, 2 baths

  • Sold in September 2005 for $494,000
  • Currently listed at $499,900 (parking included)
  • Assessments of $190 a month
  • @Properties has the listing 

Unit #3F is one of the few re-sales so far in the building.

  • Sold in July 2005 for $473,000
  • Sold in August 2007 for $429,000