We Love Views: 161 E. Chicago in Streeterville

 161-e-chicago-_1.jpg

There’s something cool about a high floor duplex that looks out over the city- especially if you have views of the John Hancock Building. It is stunning at night.

This duplex on the 58th floor of the Olympia Centre at 161 E. Chicago just says “cool.”

161-e-chicago-_58k1.jpg

Here’s the listing:

DRAMATIC MODERN PENTHOUSE W/ LAKE AND CITY VIEWS FROM 20FT WINDOWS.

IMPRESSIVELY DESIGNED BY JAMESTHOMAS LLC, THIS REMARKABLE SPACE FEATURES: PRISTINE ARC LINEA KITCHEN, HOME THEATRE, 700+ SQ FT MASTER DRESSING ROOM AND SPA BATHROOM, LIBRARY, OFFICE LOFT, AND “ELAN” SMART HOME SYSTEM. 

 161-e-chicago-_58k1-den.jpg

Estate Properties has the listing. See more pictures of this elegant unit here.

Unit #58K1: 2 bedrooms, 3.5 baths, no square footage listed

  • I couldn’t find a prior sales price (which looked accurate)
  • Currently listed for $4,899,000
  • Assessments of $3,413
  • Taxes of $39,396
  • Parking is leased

Selling Under 2005 Prices: Chaplin’s Penthouse in The Brewster

 2800-n-pine-grove-_2.jpg

2800-n-pine-grove.jpg

We first chattered about Charlie Chaplin’s former penthouse in the historic Brewster at 2800 N. Pine Grove in Lakeview in January 2008.

It is still on the market and has been reduced $57,000.

The terrace is stunning. Who wouldn’t want to sip a morning coffee out there?

2800-n-pine-grove-_pha-terrace.jpg

Here’s the listing:

ORIGINALLY KNOWN AS ‘LINCOLN PARK PALACE’.THIS PENTHOUSE WAS THE HOME OF CHARLIE CHAPLIN.OVER 12 MOVIES SHOT HERE(CHILDS PLAY,UNTOUCHABLES EC.

3 BDR/2BTH.18’CATHEDRAL CIELINGS,FAB, KITCHEN,GREAT FOR ENTERTAINING!EXTRODINARY LAKE,CITY,PARK VIEWS FROM EVERYROOM AND PRIVATE STONE WRAPAROUND TERRACE.

HAND OPERATED CAGE ELEVATOR 19TH CENTURY ATRIUM CEILINGS, GLASS BLOCK FLOORS.ELV.STAIRS,BRIDGES ARE WOVEN IN CAST-I…

Castle Keepers Realty has the listing. There are no longer pictures of the interior (as there were last January.) 

I still wonder what it really looks like on the inside.  Anyone been in it?

Unit #PH1: 3 bedrooms, 2 baths, 2200 square feet

  • Sold in June 1997 for $163,500
  • Sold in September 2000 for $320,000
  • Sold in June 2005 for $545,000
  • Was listed in January 2008 for $597,000
  • Reduced
  • Was listed in June 2008 for $565,000
  • Reduced
  • Currently listed for $540,000
  • Assessments of $998 a month
  • Taxes of $7200
  • No parking with the building

Lake Forest in the City: 10 E. Schiller in the Gold Coast

Sometimes, you just don’t want to leave the suburbs behind.

This top-floor vintage unit at 10 E. Schiller in the Gold Coast advertises that you can have Lake Forest living in the heart of Chicago.

Is that an effective way to market these higher-end units? There is a lot of inventory in the higher end right now.

The property just had a $200,000 price reduction.

But it appears to have a lot of things buyers would be looking for in a vintage unit: deeded parking in the building, an elevator, central air and a terrace.

10-e-schiller.jpg

10 E. Schiller was built in 1920 and has 13 units.

Here’s the listing:

Spectacular renovated 3700 sqft penthouse with Terrace in hugely desirable 10 E. Schiller/1411 State vintage bldg. Parking indoors on-site incl. in price. Lake Forest in the city w/ huge rooms, high ceilings, beautiful decor; big square floor plan!

3 full En-suite BRs plus elegant Library and huge Family Rm. 4th BR is Maids Rm. House-sized Eat-in Kitchen. Live-in engineer. Elevator. Note low assmt. Sensational!

 10-e-schiller-_3e-entry.jpg

10-e-schiller-_3e-kitchen.jpg

Janet Owen at Sulder Sotheby’s has the listing. See more pictures and a virtual tour here.

Unit #3E: 4 bedrooms, 4 baths, 3700 square feet, 1 car parking

  • Sold in June 1993 for $705,000
  • Was listed for $1.975 million
  • Reduced
  • Currently listed for $1.775 million
  • Assessments of $1567 a month
  • Taxes of $13,769
  • Skylights
  • Central air

Selling One Year Later: 340 On the Park in Lakeshore East

We’ve seen a bunch of flippers trying to sell in the last year in 340 On the Park,  at 340 E. Randolph, in Lakeshore East.

340-e-randolph-_4.jpg

But what is the market for selling one year after the building started closing?

Given that a high floor south-facing 1-bedroom sold in the $700,000s just a few weeks ago, is there now a premium on this building?

Will there be significant appreciation in just one year in this housing market?

Unit #1107, one of the south facing 1-bedrooms, is putting those questions to the test.

Here’s the listing:

SPECTACULAR, SPACIOUS END UNIT AT 340 ON THE PARK. CHERISH STUNNING PROTECTED VIEWS OF MILLENNIUM & GRANT PARKS, LAKE MICHIGAN, HARBOR & PANORAMIC CITYSCAPE. UNIT FEATURES A 12′ X 10′ PRIVATE BALCONY

9′ CEILINGS, SNAIDERO CABS, BAMBOO FLOORS, QUARTZ CTRS, GE MONOGRAM SS APPL, HIGH-END FINISHES. ENJOY BREATHTAKING AMENITIES, WINTERGARDEN, CLUB ROOM, 75′ 2-LANE LAP POOL, 4000 SQ FT FITNESS CENTER & MORE.

340-e-randolph-_1107-livingroom.jpg

340-e-randolph-_1107-balcony.jpg

@Properties has the listing. See more pictures and a virtual tour here.

Unit #1107: 1 bedroom, 1.5 baths, 1186 square feet

  • Sold in September 2007 for $649,000 (included the parking)
  • Currently listed for $720,000 (I can’t tell if this includes the parking or not)
  • Assessments of $327 a month
  • Taxes are “new”

If you simply want to live in the building, renting is always an option.

This lower floor 1-bedroom with the same layout just came back on the market after being rented last year. It has a similar great view of Millennium Park and the same kitchen.

340-e-randolph-_707-view.jpg

Unit #707: 1 bedroom, 1.5 baths, 1186 square feet

  • Sold in August 2007 for $486,000
  • Rented for $3500 in August 2007
  • Currently available for rent for $2750 plus $250 for parking
  • Magellan Realty has the listing

$90k Price Reduction in Bronzeville: 74 E. Pershing

We last chattered about this Bronzeville unit at 74 E. Pershing in December 2007.

74-e-pershing-_2.jpg

It is still on the market and has been reduced $90,000.

Here’s the current listing:

STUNNING NEW CONSTRUCTION IN BRONZEVILLE! STATE OF THE ART UNIQUE 3000SQ/FT DUPLEX UP HAS AMAZING LIVING SPACE. HWD FLRS THRU-OUT. COOKS KITCHEN W/SS BOSCH APPL, GRANITE, GREAT CABINETS, & TONS OF LIGHT! MASSIVE DECK CAN SEE SOX FIREWORKS, LRG BED RMS, MASTER BTH IS TO DIE FOR. ORGANIZED CLOSETS.

2 CAR ATTACHED GAR. 3 PLASMA TV’S INCL! SE SYS W/ VIDEO INTERCOM! EXPERIENCE THE FUTURE IN THIS HIGH TECH M…

Are you swayed by the 3 plasma tvs?

74-e-pershing-_2-kitchen.jpg

74-e-pershing-_2-bathroom.jpg

74-e-pershing-_2-livingroom.jpg

Joshua Katz at Rubloff has the listing. See more pictures and a virtual tour here.

Unit #2: 3 bedroom, 2.5 bath, 3000 square feet, duplex up

  • Was listed in December 2007 for $509,000
  • Reduced
  • Currently listed for $419,000
  • Assessments of $150 a month
  • Taxes are “new”

Selling Vintage in Logan Square: 2747 N. Spaulding

A lot of people have been wondering how Logan Square is holding up in this market. What about a property that is big, has in-unit laundry, a parking spot and is not far from the blue line?

This top floor unit at 2747 N. Spaulding is one of those. It was converted in the late 1990s.

2747-n-spaulding.jpg

Here’s the listing:

Top floor vintage 2 bedroom, 2 bath rehabbed home in intimate 8-unit building. In unit laundry, kitchen pantry, island and closets galore. Granite counters and stainless steel appliances. Separate dining area. Sunny bright living room. Jacuzzi style bathtub.

Large balcony off kitchen. Blue line subway is just steps away. Garage parking space included. Logan Square at its best!

2747-n-spaulding-_3-livingroom.jpg

 2747-n-spaulding-_3-kitchen.jpg

2747-n-spaulding-_3-balcony.jpg

Lino Darchun at Coldwell Banker has the listing. See more pictures and a virtual tour here

Unit #3: 2 bedrooms, 2 baths, 1500 square feet

  • Sold in May 1999 for $172,000
  • Sold in May 2001 for $221,000
  • Sold in April 2003 for $230,000
  • Currently listed for $289,900 (parking included)
  • Assessments of $216 a month
  • Taxes of $3,067
  • Central air

Further Reductions at 433 W. Briar in Lakeview

We’ve chattered about 433 W. Briar in Lakeview several times before. It is a conversion of the 34-unit vintage apartment building.

433-w-briar-_2.jpg

Only 30% of the building has sold but they’ve been marketing the building for over a year.

Recently, two million dollar units have appeared on the listings. Are these combined units? Unit #10AC, for example, is over 4100 square feet and listed for $1.59 million.

Several units have also had price reductions. Additionally, the developer is offering incentives.

Here is the listing for #3C:

30% SOLD! PRICE REDUCED. DEVELOPER’S SPECIAL-IMMED DEL! ONE OF A KIND LUXURY VINT CONDO CONVERSION. LARGEST FLR PLAN IN BLDG W/PRIVATE ELEV ENT, LG FOYER, WET BAR, CRWN MOLDING & HW FLRS, DEC FP, NATL STONE BTHS, SEP DR, CUSTOM CABS, 1 1/4 GRANITE TOPS, LG ISLAND, HIGH-END SS APPL PACKAGE, NEW GFA SYSTEMS, W/D HOOK-UP.

DEEDED PKG SOLD SEPARATELY. FALL SPECIAL $20K OFF LIST PRICE IN NEXT 5 EXECUTED CONTRACTS.

433-w-briar-_3c-kitchen.jpg

433-w-brair-_3c-livingroom.jpg433-w-briar-_3c-bathroom.jpg

Baird and Warner is handling the listings.  See more pictures here

Unit #3C: 2 bedrooms, 2.5 baths, 1650 square feet

  • Was listed in February 2008 for $515,000
  • Reduced
  • Currently listed for $485,000
  • Assessments of $334 a month
  • Taxes are “new”

Did Lakeview Prices Double in Last 10 Years? 2944 N. Broadway

We’ve chattered a lot about Lincoln Park and Lakeview prices in recent weeks.

If you look at the price history on many properties, you see sharp increases in just the last few years.

Recent data showed Cook County properties tripled in price in the last ten years. That includes all forms of property- not just residential. From Crain’s:

During the decade in question, the value of real estate in Chicago tripled — up 195% — to $330 billion, while suburban property values slightly more than doubled, to $336 billion.

Do buyers expect this kind of appreciation to continue?

2944-n-broadway.jpg

This 2-bedroom condo at 2944 N. Broadway in Lakeview appears to have nearly doubled in the last decade (depending on what it sells for.)

2944-n-broadway-_2n-livingroom.jpg

2944-n-braodway-_2n-kitchen.jpg

Re/Max Signature has the listing. See more pictures here.

Unit #2N: 2 bedroom, 1 bath, no square footage given

  • Sold in May 1999 for $159,000
  • Sold in March 2002 for $255,000
  • Sold in June 2005 for $295,000
  • Currently listed for $308,800 (parking included)
  • Assessments of $163 a month
  • Taxes of $2724
  • Bedroom sizes are: 12×9 and 10×11
  • Central air
  • In-unit laundry

Deal of the Month in the South Loop? 1111 S. Wabash

I can’t tell if this listing of a 3-bedroom unit at 1111 S. Wabash in the South Loop is a foreclosure or simply a short sale.

1111-s-wabash.jpg

But either way- this unit is priced at only a third of what it sold for 2.5 years ago.

Is this the deal of the month in the South Loop?

There is no written description or pictures in the listing.  Sorry!

But here are the room sizes. This is a “true” 3-bedroom condo:

  • Bedroom #1: 15×15
  • Bedroom #2: 14×11
  • Bedroom #3: 12×10
  • Living room: 18×14
  • Dining room: 11×8
  • Kitchen: 10×10

1111 S. Wabash only has 34 stories so this unit is just below the penthouse floor.

Unit #3301: 3 bedrooms, 3.5 baths, 1 car parking

  • Sold in April 2006 for $1,586,500
  • Currently listed for $500,000
  • Assessments of $1,467 a month
  • Taxes of $9,810
  • Crea Housing has the listing

The developer is still trying to sell Unit #3302 on the same floor. It also has 3 bedrooms, 3.5 baths but appears to be a larger unit. It’s a duplex with two terraces. It is currently listed for $1.5 million.

Empty Homes Everywhere: 559 W. Arlington in Lincoln Park

We’ve chattered about the empty McMansion phenomena before.

559-w-arlington.jpg

This new construction 6-bedroom home at 559 W. Arlington in Lincoln Park hasn’t found a buyer in several years.  (Thanks to the tipster who sent me info on this property.)

We chatter about a condo glut, what about a new construction McMansion glut?

Here’s the listing:

Extraordinary new 2007 home on 175′ deep lot in East Lincoln Park, NOT one of the routine homes you are seeing! 6800 SF home is better than custom!

With 6 BRs, 6-1/2 Baths, elevator to all floors, 70’x25′ superb Garden, unparalleled finishes, Christopher Peacock Kitchen, Brkfst Rm, 5anduot; walnut floors, Library, brick & limestone all masonry exterior, custom millwork throughout, 3 fireplaces. Purchaser can move right in!

There’s an Open House today from 11 am to 1 pm– if anyone is interested in checking it out.

559-w-arlington-livingroom.jpg

559-w-arlington-kitchen.jpg

Janet Owen at Sudler Sotheby’s has the listing. See more pictures and a virtual tour here.

559 W. Arlington: 6 bedrooms, 6.5 baths, 6,860 square feet, 2.5 car garage

  • Originally listed in June 2004 for $3.4 million (presumably while under construction?)
  • Withdrawn from the market in October 2005
  • Re-listed in December 2005 for $3.85 million
  • Withdrawn from the market in October 2006 still listed at $3.85 million
  • Re-listed in November 2007 for $4.375 million
  • Reduced several times
  • Currently listed at $3.495 million
  • Taxes are “new”