3-Bedroom Gold Coast Penthouse with Lake Views Reduces $300K: 1310 N. Ritchie Ct.
This 3-bedroom penthouse in Ritchie Tower at 1310 N. Ritchie Court in the Gold Coast came on the market in June 2024.
Ritchie Tower was built in 1963 and has 99 units with an attached parking garage.
It has 24/7 door staff, an exercise room, onsite management, an outdoor pool, and a landscaped terrace with grills and tables.
This unit is a true top floor penthouse with views of Lake Michigan, Lincoln Park and the city from floor-to-ceiling windows. It has north, west and east views.
It also has two private terraces which affords an iconic south skyline view of the Hancock.
This unit is a combined two units where they “knocked down walls” and “raised the ceilings” so they are now 9 feet.
It has 3000 square feet.
There are wide plank floors throughout and harlequin black and white marble floors in the foyer.
It has custom metal framed glass doors, designer lighting and 2 wood burning fireplaces with marble and metal surrounds.
There is a living room and dining room separate from the kitchen which overlooks the family room and an informal dining area.
The Chef’s kitchen has modern custom cabinets, marble countertops and backsplash, a peninsula with seating for 2 and high end appliances.
One of the two terraces is off the kitchen.
There is also a library area with built-in bookshelves and a butler’s pantry/bar with a beverage refrigerator and an additional dishwasher.
The unit has two large luxury bedroom suites on opposite sides of the unit with one having eastern views and the other western. They are both en suite.
The third bedroom is used as an office and has a metal French doors.
This unit has the features that buyers look for including washer/dryer in the unit, central air and leased valet parking is available in the building.
The building is in a low traffic area of the Gold Coast, near the beach and the restaurants at State/Rush and Division.
Listed in June 2024 at $1.95 million, it has been reduced $300,000 to $1.65 million.
Buyers love “new.”
Will the new price make the sale?
Kevin Snow at Berkshire Hathaway HomeServices has the listing. See the pictures and floor plan here.
Unit #30AD: 3 bedrooms, 3 baths, 3000 square feet, penthouse
- Unit 30D sold in January 2011 for $605,000
- Unit 30A sold in November 2013 for $687,000
- Originally listed in June 2024 for $1.95 million
- Reduced
- Currently listed at $1.65 million
- Assessments of $3,061 a month (includes heat, a/c, doorman, cable, exercise room, pool, exterior maintenance, lawn care, scavenger, snow removal)
- Taxes of $18,486
- Central Air
- Washer/dryer in the unit
- Leased valet parking available
- 2 wood burning fireplaces
- Beverage refrigerator
- Additional dishwasher
- Bedroom #1: 15×17
- Bedroom #2: 12×10
- Bedroom #3: 11×10
- Kitchen: 12×20
- Family room: 15×30
- Living room: 29×16
- Dining room: 19×10
- Foyer: 13×13
- Bar: 11×10
- Walk-in-closet: 18×5
- Balcony: 5×38
- Balcony: 16×7
This is one seriously ugly building
Its a stretch to call this a 3Br
Layout is weird & wasteful. Dont understand why the DR is so far away from the kitchen
As much as I like Wood FP, completely impractical here
Target market is another HNW retiree
“why the DR is so far away”
“Wood FP, completely impractical”
Just buy this unit for your 24/7 3-person manservant team and both problems are largely immaterial:
https://www.redfin.com/IL/Chicago/1310-N-Ritchie-Ct-60610/unit-7C/home/14124626
Combined units often get kinda funky layouts. Clearly the case here.
Would you ever really use the “dining room” for dining when you have a giant bay window “breakfast nook” with amazing views, and seating for at least 6?
I think this is fantastic, especially the nice balconies. Also like that it has 3 exposures.
The finishes are nice but it has a lot of extra space you may not need like the reading nook. I think we’re just not used to seeing a single floor unit that has living room and family room so you ask, why do you need both? It only makes sense when the family room is in the basement or attic.
The interior metal windows and doors are fantastic. I especially like the one in the kitchen.
“Would you ever really use the “dining room” for dining when you have a giant bay window “breakfast nook” with amazing views, and seating for at least 6?”
No, I wouldn’t. But isn’t this why many new construction homes have gotten rid of the dining room altogether? If you have a massive kitchen island with seating for 6 and a breakfast nook, why do you need a more formal room that only gets used once or twice a year?
I’m actually surprised an older high rise allows wood burning fireplaces.
“The finishes are nice but it has a lot of extra space you may not need like the reading nook”
Nooks like this or sunrooms are awesome. Having a dedicated reading/listening/game area is great. I just need to get a real Eames chair
“No, I wouldn’t. But isn’t this why many new construction homes have gotten rid of the dining room altogether? If you have a massive kitchen island with seating for 6”
If you dont have any friends or if you dont like talking to your family, the large islands are very practical.
“This is one seriously ugly building”
To be completely honest, I really don’t like the look of this building. It like those ugly dog competitions where at some point maybe the ugliest dog is cute in a grotesque way except this building isn’t.
And I don’t know why I dislike the look of this building more than say 1555 N. Astor. Maybe it is the Oriel (is that correct?) type of window? I know I know why do I hate America.
Maybe it is the windows, because I do prefer 1300 N. Astor.
honest question
How does one raise the ceilings in a high rise?
what’s the chances you can hear some mechanicals on the roof?
major plus for this unit and this floor alone in having the outdoor balcony space.
There were probably dropped ceilings originally since it’s a top floor unit and they would have had all units uniform. Doesn’t look like there’s a lot of equipment other than exhaust fans (including for fireplace flues – which would be a pita if so) on the roof.
I think this is the building that looks like there is settling/sagging in the concrete slabs (either this one or else one @ Ritchie/Goethe or Astor House – can’t tell from google 3D views). It’s one of them around here anyways.
“If you dont have any friends or if you dont like talking to your family, the large islands are very practical.”
No one uses the dining room anymore. New homes have gotten rid of a formal dining room. If they have a table it is just next to the massive kitchen island.
“New homes have gotten rid of a formal dining room.”
‘formal’ doing a lot of work there.
Here’s a new, $340k, SFH that has a dining “room” (yes, just a space, ie, not formal):
https://www.redfin.com/IL/Chicago/643-N-Lawndale-Ave-60624/home/186427318
BTW: this (being built with a profit for $390k) is what public housing could look like, instead of $700,000 one bedrooms in ugly buildings.
“No one uses the dining room anymore. New homes have gotten rid of a formal dining room. If they have a table it is just next to the massive kitchen island.”
Your initial point is wrong and doesnt address the fact that Bars suck ass for holding a conversation with 4 people. Again I can see where it would be a blessing for folks to avoid conversation with you. However I dont think your dynamics are the norm.
As for why they’re shrinking/going away, Developers are trying to sell a UMC “lifestyle” on a MC budget. when you’re stating with a 1000sf 2Br, creating a “Spa like Bathroom” Oversized MBr and “Chef’s Kitchen” requires the footage come from somewhere.
“BTW: this (being built with a profit for $390k) is what public housing could look like, instead of $700,000 one bedrooms in ugly buildings.”
This isn’t “public housing.”
And I don’t understand why you’re comparing it to a 1-bedroom condo.
I wonder why it hasn’t sold in the last year? Program too complicated? Buyers just willing to buy nearby without the program? There are other homes that are priced lower nearby that have sold this year- priced under $300k. Buyers normally love “new” but aren’t biting with this house.
“I wonder why it hasn’t sold in the last year?”
They are building 15 affordable units, and 5 market rate (per teh deed from the city for the dirt)–I did not go thru and figure out where all those might be, but could easily with public records. It’s poosible they’ve sold 14 of them, or none of them.
And it’s publicly subsidized *family-sized* housing–that can be built by a private developer for under $400k per unit, while true “public housing” is being built for $600k+ per unit for one bedrooms. It’a about the misallocation of resources when there is a housing “crisis”.
I had no idea such a place existed in so anonymous a building. How did I miss it, I wonder. Anyway, if I were looking for a GC penthouse with great outdoor space, this would make the list.
No one uses dining rooms, I hear. I’m typing this while eating lunch at my dining room table in the formal dining room where we eat all our meals. Old house, of course.
“And it’s publicly subsidized *family-sized* housing–that can be built by a private developer for under $400k per unit, while true “public housing” is being built for $600k+ per unit for one bedrooms. It’a about the misallocation of resources when there is a housing “crisis”.”
You are talking in weird circles anon(tfo). What “public housing” is being built for $600k per unit?
“What “public housing” is being built for $600k per unit?”
These are costing more than $600k:
https://chicagoyimby.com/2024/06/lake-view-lutheran-church-receives-demolition-permit-clearing-the-way-for-affordable-housing-development.html
$35.8m for 37 one-bedroom, 575 square feet units.
Almost everything being built new in Chicago as low-income is in that ballpark. I’ve talked to people in the low-income developement realm and they’ve acknowledged that’s just how expensive it is to get that done now.
“Almost everything being built new in Chicago as low-income is in that ballpark. I’ve talked to people in the low-income developement realm and they’ve acknowledged that’s just how expensive it is to get that done now.”
You are mixing up “public housing” with “affordable housing” that is mandated to go into certain developments by the city.
Affordable units in high rises are not “public housing” although they DO require a certain income to qualify. I have linked to the requirements at The Row in Fulton Market, whose affordable units leased immediately. It’s a percentage of the income in the neighborhood.
The Loop conversions from office to apartments will have a lot of affordable apartments in the mix.
The Lakeview building you linked to is 100% affordable housing. This is also NOT “public housing” despite you trying to link the two. It just means that the income requirements will be different than a market rate apartment.
The state and city incentives are making the numbers work for them to still build this building. From what the developers have been saying, it’s really the state incentives that are putting it over the top.
Are they really including the blue on that building? Yikes. I hope the final product looks a bit better than the rendering. But it’s good to see some new affordable housing in Lakeview. Everything else being built has been luxury and is out of reach for the middle class.
“You are mixing up “public housing” with “affordable housing” that is mandated to go into certain developments by the city.”
That’s…
I give up. There’s no point in trying to have a conversation with you about this sort of stuff.
speak as you might to a young child or a golden retriever
Isn’t going to work here
“I give up. There’s no point in trying to have a conversation with you about this sort of stuff.”
Affordable housing is NOT public housing. I don’t get it. What’s so hard to understand about that? They put restrictions on income so that locals that don’t work for Alphabet can live there.
And it’s been working.
This developer just got a $31 million loan to build an affordable apartment building in the Clybourn Corridor. Is this public housing?
From Crain’s:
CityPads plans to break ground on the project in the third quarter. It’s set to include four stories of rental units above 9,500 square feet of retail space and 29 parking spaces, with studio, one- and two-bedroom layouts averaging 500 square feet. CityPads Principal and Managing Partner Andy Ahitow previously told Crain’s that the units will be priced at affordable rents for people who earn 60% to 140% of the area median income.
“The concept is to create housing for people who are working in the area,” he said at the time. “It’s desperately needed. People call it the missing middle. Not enough developers are building apartments that average people can afford.”
That’s also the focus of CityPads’ other projects, which include the 120-unit Tapestry Station in Evanston and the 105-unit Edge on Broadway in Chicago’s Edgewater neighborhood.
CityPads is building 132 units for (apparently) about $32m in hard costs. About $250k per unit.
Lakeview Landing is 37 units for about $35m in hard+soft costs.
One of these things is not like the others
One of these things doesn’t belong
Can you tell which thing is not like the other
By the time we finish our song?
I have no idea what you are even talking about anon(tfo) but this discussion did make me go look at City Pads website, which I have never looked at before.
They have done some really great projects which are just much needed. Love to see some of this type of housing going in with these lovely finishes. These units will serve a purpose for the 20-somethings in middle class jobs. Some of the two bedroom units could work for some families too.
I’m not a big fan of the “co-living” properties like the one in Pilsen. Didn’t they build one of these in Logan Square too? You are just renting a room and have to share the kitchen. Ugh.
https://www.citypadsre.com/our-projects
Lakeview Landing is a mixed-use development which will be for those with mobility issues. It will cost them more to build this.
From Urbanize:
“The development will allow mobility-impaired adults to direct their own care and live independently in a residential community, as opposed to an institutional setting. Any personal care they may need will be self-directed, but with the assistance from a well-staffed resident service program that provides many quality of life and concierge services. The building will model an independent apartment building but be customized to be universally designed and barrier-free, far exceeding current ADA standards. Specific features will include roll-in showers, pull-under sinks, accessible appliances, lower switches/outlets, windows and door handles. The building will also incorporate a variety of common space and market rate amenities.”
But this just supports what I was saying. It doesn’t cost them $600k per unit to build affordable housing. CityPads is doing it for $250k, as you said anon(tfo). And affordable housing is not “public housing” the way older people think of it- like it’s Cabrini Green.
Thankfully, younger people in GenZ have no frame of reference for Cabrini Green anymore.