Get a 3-Bedroom Duplex Down for $1.05 Million in Lincoln Park: 1205 W. Montana
This 3-bedroom duplex down at 1205 W. Montana in Lincoln Park came on the market in September 2023.
Built in 2016 by Devise, 1205 W. Montana has 4 units and attached garage parking.
There are no amenities with the building.
This unit has an extra wide footprint with floor to ceiling glass windows.
The main floor has the living/dining rooms and kitchen along with a powder room.
The living room has a fireplace with custom, full slab, stone detail.
There’s a separate dining room.
The kitchen is “chef grade” with custom Italian wood cabinetry, premium appliances package, stone counters, and a waterfall stone island with waterfall edge which seats 4.
The lower level has the three bedrooms and two full bathrooms.
The primary suite has 2 closets and a spa bath with double vanity, soaking tub, walk-in steam shower with a frameless door and heated floors.
There’s a wraparound terrace on the main floor that overlooks the tree tops.
This unit has the features buyers look for including central air, washer/dryer in the unit and garage parking which is included.
This property is near the DePaul campus, and the shops and restaurants of central Lincoln Park, including on Fullerton, as well as the Red/Brown line el stop nearby at Fullerton.
Listed in September 2023 at $1.1 million, it has been reduced to $1.05 million.
Are duplex down condos still the affordable alternative to single family homes in Lincoln Park?
Debra Dobbs at Compass has the listing. See the pictures and floor plan here.
Unit #1E: 3 bedrooms, 2.5 baths, no square footage listed, duplex down
- Sold in September 2016 for $1.02 million
- Originally listed in September 2023 for $1.1 million
- Reduced
- Currently listed at $1.05 million
- Assessments of $307 a month (includes exterior maintenance, scavenger)
- Taxes of $11,395
- Central Air
- Washer/dryer in the unit
- Garage parking included
- Fireplace
- Bedroom #1: 14×16 (lower level)
- Bedroom #2: 14×11 (lower level)
- Bedroom #3: 12×12 (lower level)
- Living room: 25×14 (main floor)
- Kitchen: 14×12 (main floor)
- Dining room: 16×12 (main floor)
- Laundry: 6×4 (lower level)
- Walk-in-closet: 11×5 (lower level)
- Walk-in-closet: 10×5 (lower level)
- Pantry: 3×5 (main level)
- Deck: 24×6 (main level)
- Deck: 6×17 (main level)
They started trying to sell this on 3/22 for $1.1MM – Why be dishonest Sabrina?
Where’s the bIDdINg wAR?
Look at that appreciation, is this not GZ?
Fucking depressing – $1MM and you sleep in a basement
This place is going to age like a turd
Chicago real estate is such a dog when it comes to appreciation. In most other major cities, if you owned a place for 8 years, you’d probably at least see 50% appreciation if not more.
Upstairs neighbor sold in March:
https://www.redfin.com/IL/Chicago/1205-W-Montana-St-60614/unit-2E/home/13360938
Bought: Oct-16 for $1.20
Listed: Feb-21 for $1.295
Contingent: May-21 for $1.249
Revmoved: Jul-21
Listed: Feb-23 for $1.25
Sold: Mar-23 for $1.23
I don’t have any idea why 2E isn’t at least 30% more than 1E (ie, $950k).
Was going to chime in with some ELP snark, something, something, this is closer to “east Montana” than west, but they should still be hyping Big Sky’s new tram in the listing, but I’m rooting for these folks to get it sold without having to further reduce. Ah shucks I guess I couldn’t help myself.
New conforming loan limits for ’24 are now $766,550… up from $726,200.
So much for the agencies and the Fed being in sync to stave off inflation in housing.
2W sold in Mar-17 for $1.2m
1W sold in Jul-17 for $917.5k
The E units are preferable–facing the corner, rather than the alley–and 1W is obv the least desirable, with the prxomity of the garage.
Were I the developer, I would have at least given 1W garage roof rights for a gator deck, and left a notch in the parapet to add stairs.
Don’t see that 1E should have gone for $100k more than 1W tho.
“Chicago real estate is such a dog when it comes to appreciation. In most other major cities, if you owned a place for 8 years, you’d probably at least see 50% appreciation if not more.”
We can all go look at the numbers Russ. It’s why Chicago is not seeing a decline in prices with the rates so high. We never had a bubble here and aren’t going to see a bust.
That being said, if you were in some neighborhoods you certainly saw great appreciation the last 8 years, especially if it was the West Loop or Logan Square. Other neighborhoods, like downtown, could be lower than 2015 prices. Depending on the building and finishes.
“They started trying to sell this on 3/22 for $1.1MM – Why be dishonest Sabrina?”
I don’t include prior year listings if they didn’t list it earlier in this year as well (or kept it continuously.) They actually first listed it in 2021. Withdrew. Re-listed in 2022. Withdrew. And then brought it back in September of this year.
When will they stop building this “Soviet Bloc Chic” style or whatever it is? I am so tired of it. One next to me is more akin to a Howard Johnsons’ meets Soviet Chic than this but I really would like for the trend to go kaput. These things are not aging well.
Now off market…..