3-Bedroom Duplex Penthouse with Endless Views in the Gold Coast: 1530 N. Dearborn Parkway
This 3-bedroom duplex penthouse in Parkside at 1530 N. Dearborn Parkway in the Gold Coast came on the market in March 2024.
Built in 1972, Parkside has 49 units and attached garage parking.
It does not have door staff but it does have an outdoor pool, exercise room, party room and an on-site engineer. The building is professionally managed.
This unit is the south facing penthouse which the listing says has been “masterfully renovated” with custom finishes.
The first floor has an open kitchen, living room and dining room layout with east and south views.
It has hardwood floors throughout the main living space and a fireplace in the living room, along with built-ins.
The kitchen has modern wood cabinets, stone countertops, top-tier professional grade appliances and an oversized island that seats 2.
There’s a powder room on the first floor as well as the primary suite which has south and west exposures.
The primary suite is carpeted and has a walk-in-closet and en suite “luxe bath” with a walk-in-shower, soaking tub and oversized vanity.
The second level has the other two bedrooms, which are also carpeted, and includes one that is en suite.
There’s also a full bathroom in the hall.
The family room is also on the second floor which has a wet bar with a beverage refrigerator and a mini-fridge along with a fireplace.
Just off the family room is a private rooftop terrace with custom glass railings and “endless views” of the city and Lake.
This unit includes the features buyers look for including central air, washer/dryer in the unit and one car garage parking is included.
This building is on a tree lined street in the Gold Coast, just steps from the Latin School, Lincoln Park, the History Museum, Lake Michigan and the shops and restaurants of Old Town.
Listed at $1.95 million, that is $575,000 above the 2013 sales price of $1.375 million.
Buyers love “new.”
Will this penthouse sell quickly?
Jeffrey Lowe at Compass has the listing. See the pictures and floor plan here.
Unit #26S: 3 bedrooms, 3.5 baths, 3290 square feet, duplex, penthouse
- Sold in February 1989 for $625,000
- Sold in June 1996 for $885,000
- Sold in July 2000 for $1 million
- Sold in December 2013 for $1.375 million
- Currently listed for $1.95 million
- Assessments of $2647 a month (includes heat, a/c, security, cable, exercise room, pool, exterior maintenance, snow removal, Internet, party room, sundeck)
- Taxes of $19,359
- Central Air
- Washer/dryer in the unit
- 1 car garage parking included
- 2 fireplaces
- Bedroom #1: 19×17 (main floor)
- Bedroom #2: 17×12 (second floor)
- Bedroom #3: 14×12 (second floor)
- Living room: 21×20 (main floor)
- Dining room: 15×10 (main floor)
- Kitchen: 15×10 (main floor)
- Laundry: 4×4 (main floor)
- Walk-in-closet: 17×6 (main floor)
- Family room: 21×18 (second floor)
- Deck: 22×19 (second floor)
I love it! Check out the 2013 listing pix. They did a great job with the reno. 2013 listing also has a picture with a better angle of the terrace.
(Now I await the CC haters to tell me everything that is wrong with this place)
Awesome.
“I love it! Check out the 2013 listing pix.”
I love it too Madeline. What a wonderful remodel. It’s not even the same place compared to the 2013 listing.
I can find nothing wrong with it except that there is carpet in the bedrooms (I would put in hardwoods) and there is no doorman (which some may want to handle packages and guests.)
Also, you could actually have your family in this place with this layout. Love the second floor family room.
There are also 2 other units on the market in the building. They are 2/2s although one had the third bedroom removed. Both are contingent. Both also have parking.
I was prepared to be disdainful, but it’s *really* nice.
Is the fridge as super tiny as it looks (same depth as *upper* cabinets?), or is it recessed into the wall?
February 1989 for $625,000 + CPI = $1.595m
June 1996 for $885,000 + CPI = $1.75m
With 100s of k put into reno…
Hard to remember when the GC was that *relatively* desireable in Chicago, even with in being “only” 30 years.
Great reno, but so many good choices at that price range
“Is the fridge as super tiny as it looks (same depth as *upper* cabinets?), or is it recessed into the wall?”
Interesting. I’d imagine it recessed in the wall as subzero’s are the depth of the base cabinet. I like the look but that corner that sticks out of the base cabinet is a little weird.
“Great reno, but so many good choices at that price range”
I’d be curious to see a few listings for places in this range that (1) are set among a few SFH blocks comparable to Astor/State/Dearborn, (2) are steps from Lincoln Park and a comparably lovely (i.e., along a park and a property like the Cardinal’s place) couple block stroll to a lakefront pedestrian underpass, (3) have a comparable private outdoor space (huge family room with a fireplace to access the space, spectacular day and night views, etc.), and (4) an outdoor pool.
What a great place!
Updates are great. The Terrace is killer.
Agree with anonny and those 4 points…but I gotta say the lack of a doorman stinks…it isn’t a deal breaker but it might be close if not for the cool space.
“I’d be curious to see a few listings for places in this range that”
There aren’t any in this price range. The other penthouses available in the Gold Coast are all listed at much higher price points and/or don’t have outdoor space or a parking space.
This is definitely a unicorn. I think it sells pretty quickly.
“Great reno, but so many good choices at that price range”
In this neighborhood? With the outdoor space, parking, pool?
“Hard to remember when the GC was that *relatively* desireable in Chicago, even with in being “only” 30 years.”
GC was the premier neighborhood for the Silent Generation and many older Boomers. Where else did those with money live in the 1960s and 70s when the city was crap?
Don’t forget, the Hancock was built in 1965 and really started a big surge of construction in the neighborhood (for better, or worse.)
“but I gotta say the lack of a doorman stinks…it isn’t a deal breaker but it might be close if not for the cool space.”
I feel like it depends on who you are. A professional sports player or actor may not want to live in a building without one. But if you aren’t, and you lived in a SFH previously, you may not even notice it.
I feel like once you have a doorman, though, you basically don’t move somewhere without one.
“I feel like it depends on who you are. A professional sports player or actor may not want to live in a building without one. But if you aren’t, and you lived in a SFH previously, you may not even notice it.
I feel like once you have a doorman, though, you basically don’t move somewhere without one.”
I’m neither, but I see the value in a doorman for your residence…especially a building this size.
And, Fair enough…once you experience the (hopefully great)services they provide, it’s certainly something to consider in buying a place…even with the higher assessments if this place had one.
Honestly not sure if the lack of door staff seriously affects resale values, but I have to think it does a bit.
Re: doorman – for that level of monthly assessments, it does seem odd that this (non-co-op) building doesn’t have one.
“for that level of monthly assessments”
It’s $0.70 psf, plus a few bps because of the LCE roof deck.
I’m interested in seeing these condos that are (i) 20+ stories, (ii) 50+ years old, (iii) under 100 units and (iv) have assessments *well* below $0.70 psf
A lot to like here, especially the private deck and parking included. But it’s a very high price for this building. I’ve always wondered if it’s a good idea to buy the best unit in a ‘meh’ building like this (especially built in the early 70’s when low ceilings were the norm).
“it’s a very high price for this building”
Comparable unit (size, finishes, terrace) in a “better” newer building would probably be 50% more (ie, close to $1000 psf), right?
“I’ve always wondered if it’s a good idea to buy the best unit in a ‘meh’ building like this (especially built in the early 70’s when low ceilings were the norm).”
Other units on the market aren’t cheap either but it is only one of two penthouses, so there’s that.
“Comparable unit (size, finishes, terrace) in a “better” newer building would probably be 50% more (ie, close to $1000 psf), right?”
Definitely double the cost.
“I’m interested in seeing these condos that are (i) 20+ stories, (ii) 50+ years old, (iii) under 100 units and (iv) have assessments *well* below $0.70 psf”
There aren’t any. They keep it lower by NOT having door staff. Otherwise, it would be double. It’s a trade off in these smaller buildings.
Great layout, but the reno is just dull, dull, dull.