2-Bedroom with Pocket Doors Reduces $180,000: 120 W. Delaware in the Gold Coast
This vintage 2-bedroom at 120 W. Delaware in the Gold Coast came on the market in May 2017.
We last chattered about this unit in December 2017 after it had had a few price reductions.
Many of you were concerned about the floor plan.
See our chatter here.
If you recall, the 8-unit building was constructed in 1881.
This unit has many of its original vintage features including 10 foot ceilings with plaster cove moldings, pocket doors, and 3 wood burning fireplaces, including one in the living room, one in the dining room and one in the master bedroom.
The listing says there’s designer wallpaper in the foyer.
The master bedroom has a walk-in closet and an attached private den.
The kitchen has white cabinets with a mix of appliances in black and stainless.
Like many vintage units there’s a full size dining room.
The bathrooms don’t have bath tubs but only walk-in showers along with raised glass bowl sinks.
This unit also has access to a private roof deck. There’s a picture in the listing of the deck but it’s unclear how you get up to it.
This unit has some modern features including central air and washer/dryer in the unit.
However, in December 2017, it had garage parking and now the listing explicitly says “Rental garage nearby.” Apparently, there’s no parking with the unit.
The unit was under contract at least once in 2018 but is still available.
It has also been reduced $180,000 since May 2017 to $499,000.
That’s $20,000 under the 2004 sales price.
Is this a deal at this price?
Paul Barker at Baird & Warner still has the listing. See the pictures and floor plan here.
Unit #4E: 2 bedrooms, 2 baths, 1700 square feet
- Sold in December 1990 for $250,000
- Sold in October 1993 for $240,000
- Sold in August 1997 for $260,000
- Sold in August 2002 for $495,000
- Sold in April 2004 for $519,000
- Originally listed in May 2017 for $679,000
- Reduced several times
- Currently listed at $499,000
- Assessments are now $410 a month (they were $320 a month in December 2017) (includes exterior maintenance, scavenger and snow removal)
- Taxes are now $9649 (they were $9653 in 2017)
- Central Air
- Washer/dryer in the unit
- Garage parking is no longer included – it’s rental nearby
- 3 wood burning fireplaces
- No pets
- Bedroom #1: 13×12
- Bedroom #2: 13×11
- Den: 11×9
- Living room: 15×14
- Dining room: 15×11
I don’t like the location in particular (too close to LaSalle), but for a Gold Coast property it seems pretty reasonably priced for what you get. I like that the kitchen is separate from living and dining room and that the family room — big enough to be a 3rd bedroom — creates some distance between the two official bedrooms; both of which are nicely sized for city bedrooms. When I saw the 500k price I was expecting to see an HOA of $2k+/month but was pleasantly surprised. Property taxes are anus but that’s what you’ll get living in the GZ.
the floor plan still sucks.
agree with marco regarding the floor plan, but at least it is now appropriately priced, I think this will go pretty quickly due to the low HOA’s
“$20,000 under the 2004 sales price”
sizzle.
“Property taxes are anus”
Fun autocorrect!
Oops, put my comments in the old thread about it.
I really like this, except for a few minor cosmetics. Seems like a good price and low HOA costs for the location. The kitchen location is a little odd, but wouldn’t be a deal breaker for me or anyone who doesn’t use their kitchen much/doesn’t “entertain.”