This 2-bedroom in 3314 N. Lake Shore Drive in Lakeview has been on and off the market since 2013.
It most recently came back on the market in February of this year.
If you’re a fan of Parisian architecture, this is the building for you.
Built in 1916, it was the first shoreline high rise apartment building constructed north of North Avenue.
It was, of course, meant for the rich.
According to “Chicago Apartments: A Century of Lakefront Luxury” when it opened, each floor contained a single unit 18-room, 5 bath apartment that rented for about $10,000 a year. Residents included all the ritzy families of Chicago at the time, including those with the names of Spiegel, Ward, Peacock and Goldblatt.
Over the years, the units were reconfigured and when the building was sold to a new owner in 1951 for under $400,000 it contained 49 apartments. Since then, units have been reconfigured so that there are now 29.
The building was converted to condominiums in 1983.
This unit, however, is not one of those that looks out over Lake Shore Drive.
On the second floor, it doesn’t have the vintage features of the building.
It does, however, have a rare small terrace.
The kitchen has granite counter tops, stainless steel appliances and the white cabinets with wood trim that were once popular.
This unit has features buyers look for including central air and washer/dryer in the unit.
There’s no parking but it is available in the neighborhood for between $150 and $250 a month.
This unit has recently been reduced to $199,000.
Given the exploding rents in the neighborhood, is this a deal?
Brad Lippitz at Berkshire Hathaway KoenigRubloff has the listing. See the pictures here.
Unit #2D: 2 bedrooms, 2 baths, 1315 square feet
- Sold in June 1989 for $140,500
- Sold in March 2000 for $165,000
- Was listed in 2013, 2014 and 2015
- Re-listed in February 2016 for $219,000
- Currently listed at $199,000
- Assessments of $1202 a month (includes heat, a/c, cable, exterior maintenance, lawn care, scavenger, snow removal)
- Taxes of $5795
- Central Air
- Washer/Dryer in the unit
- No parking- but available in the neighborhood for $150 to $250 a month
- Bedroom #1: 16×15
- Bedroom #2: 13×11