This 1-bedroom in the Jackson Towers at 5555 S. Everett in Hyde Park has been on and off the market since May 2014.
Built in either 1924 or 1926 (the listings are all over the place with the date), it was designed by Walter W. Ahlschlager who also designed the Sheridan Plaza Hotel and the Uptown Broadway Building.
There are 72 units on 19 floors. Some of the units are quite grand with duplexes and simplexes.
This is one of the smaller units but it has views of the Lake and the Museum of Science and Industry.
At 1165 square feet, it has a dining room and the spacious room sizes you would expect from a vintage unit.
The listing says it has updated plumbing and electrical.
There’s no central air, only window units. And there’s no washer/dryer in the unit.
There’s also no parking with the building but according to this 2014 Chicago Magazine article about the building, there is a nearby lot that many park at which costs $200 a month.
Also according to Chicago Magazine, most of the major building renovations were completed a couple of years ago so there are no big special assessments coming.
This unit has been reduced to just $85,000, or $72 per square foot.
Is this a deal, even with the $988 a month assessment?
Pamela Tuggle at Berkshire Hathaway KoenigRubloff has the listing. See the pictures here.
Unit B8: 1 bedroom, 1 bath, 1165 square feet
- Sold in April 1988 for $47,000
- Originally listed in May 2014
- Has been under contract
- Was listed in June 2015 for $99,500
- Currently listed for $85,000
- Assessments of $988 a month (includes heat, doorman, exterior maintenance, scavenger and snow removal)
- Taxes of $2540
- No central air- just window units
- No in-unit washer/dryer
- No parking – nearby lot is available for around $200 a month
- Bedroom #1: 15×12
- Living room: 18×14
- Dining room: 14×16