3-Bedroom Lincoln Park Townhouse Bursting with Charm Returns at $849,900: 2701 N. Racine
This 3-bedroom townhouse at 2701 N. Racine in Lincoln Park came on the market in January 2025.
Built in 1974, this complex has 10 townhouses and outdoor assigned parking.
If the listing pictures look familiar, that’s because we chattered about this townhouse 3 years ago, in January 2022.
Back then, some of you talked about how it would be a good option for a singleton or a married couple, given the layout.
See our 2022 chatter here.
If you recall, this is a south facing, end unit townhouse with 20 foot ceilings in the living room.
The listing calls it “bursting with charm” and an “entertainer’s dream.”
The living room has a wood-burning fireplace.
There are also hardwood floors throughout all three levels.
The kitchen has dark wood cabinets, granite countertops and stainless steel appliances along with a breakfast bar.
There’s a dining room open to the kitchen and living room along with a sliding door that leads to a private, walled in, brick paver patio with a gas line. The listing also says it has a “pet friendly puppy relief station.”
The second floor has the first bedroom, a full bath and the laundry along with floor-to-ceiling windows and exposed wood ceilings.
The third floor has the other two bedrooms and a full bath that was renovated from “top to bottom” in 2023 with a walk-in-shower and in-trend natural wood vanity with black finishes.
The townhouse has a newer furnace HVAC/AC (2022), in-unit laundry and a “newer” tear off roof with a 15 year warranty (2022).
It has central air and one assigned parking space.
The townhouse is near the restaurants, coffee shops and pubs on Lincoln Avenue and is just a few blocks to the Diversey brown line station.
In January 2022, it was listed at $549,900 and I asked if it was a deal. It sold just a month later, over the list, at $601,500.
3 years later, it has come back on the market, with a renovated bathroom, for $849,900.
With Lincoln Park inventory at record lows, will the seller get the premium?
Paul Siebert and Olivia Carlson at @properties Christie’s has the listing. See the pictures and floor plan here.
Unit #A: 3 bedrooms, 2 baths, townhouse, no square footage listed
- Sold in September 1986 for $144,500
- Sold in February 1990 for $195,000 (CCRD says $395,000, but I’m assuming it’s a typo. Anon(tfo) said 3 years ago he was assuming $197,500)
- Sold in November 1995 for $198,000
- Sold in October 1998 for $245,000
- Sold in April 2001 for $320,000
- Sold in March 2003 for $360,000
- Sold in December 2004 for $410,000
- Sold in June 2007 (relocation) for $435,000
- Sold in July 2007 for $375,000
- Sold in December 2013 for $475,000
- Was listed in January 2022 at $549,900
- Sold in February 2022 for $601,500
- Currently listed at $849,900
- Assessments are now $308 a month (they were $239 a month in 2022) (includes exterior maintenance, lawn care, scavenger, snow removal)
- Taxes are currently $10,971 (they were $10,061 in 2022)
- Central Air
- Washer/dryer in the townhouse
- One assigned parking space
- Wood burning fireplace
- Skylights
- Bedroom #1: 13×13 (third floor)
- Bedroom #2: 12×14 (third floor)
- Bedroom #3: 12×11 (second floor)
- Living room: 12×19 (main floor)
- Dining room: 6×10 (main floor)
- Kitchen: 10×9 (main floor)
- Laundry: 5×5 (second floor)
- Private walled patio: 24×15
Come on Sabrina, if you’re gonna do this you gotta try a little harder than just grabbing phrases from the agent copy like “bursting with charm”. Especially when a place has zero charm.
This looks like a mental ward.
3 other of the 10 units in the complex (2701-09 A and B units) also sold in ’22. The highest priced one was this one:
https://www.redfin.com/IL/Chicago/2709-N-Racine-Ave-60614/unit-B/home/13360931
@ $705k. NE corner of the complex, with windows onto the parking area and alley.
2707A went for $702, and 2703A for $615,
There happens to be another $850k 3/2 TH in Lincoln park for sale:
https://www.redfin.com/IL/Chicago/1840-N-Mohawk-St-60614/home/13347107
Compare/contrast.
That’s a lot of coin for an 80s kitchen
The stairwell is no bueno for the kids
Seems grossly overpriced
Spend just a little more ($875k, oh, and yeah, $1600 HOA, but also a lot bigger) and you can have this:
https://www.redfin.com/IL/Chicago/150-W-Eugenie-St-60614/unit-29/home/13344514
Thinking about those ’22 sales–seems like this one going for over ask may have motivated some other owners to sell.
Might happen again if this one gets the ask.
Where is parking for Eugene terrace?
Seems like access via the east west alley off state
Is the parking underground ?
“east west alley off state”
?? CLark? Wells?
Garage is underneath the units–not sure if any is actually underground. Entrance is off the driveway shared with Eugenie Terrace (1730 N Clark) apartments and the 1740 N Clark townhouses (eg, this one: https://www.redfin.com/IL/Chicago/1740-N-Clark-St-60614/unit-1723/home/178967086)
I see an awning saying 1720 N. Lasalle when using Bing maps
and I can see some garage entrances there.
I am thinking it is all ground level and a large shared garage with parking bays?
= = =
apologies for mentioning state. I always screw up when there are those angle street mergers like rush state and clark lasalle etc.
“Spend just a little more ($875k, oh, and yeah, $1600 HOA, but also a lot bigger) and you can have this:”
HOA is 5x higher. Doubt many would consider both of these at the same time.
“Compare/contrast.”
Thanks anon(tfo).
There is no comparison, to me. The walled in private terrace is a BIG feature. The one on Racine feels like a single family home and has charm with the wood ceilings.
“Come on Sabrina, if you’re gonna do this you gotta try a little harder than just grabbing phrases from the agent copy like “bursting with charm”. Especially when a place has zero charm.”
I guess you haven’t been here long waxbean as I always pull from the copy.
And it has a lot of charm, including the fireplace, the vaulted ceilings and the wood ceilings.
“I always pull from the copy”
Unless the copy says “West Loop” and Sabrina thinks its West Loop Gate.
“I always pull from the copy”
“Unless the copy says “West Loop” and Sabrina thinks its West Loop Gate.”
What a silly child you are anon(tfo).
This townhouse is not yet under contract. That might say a lot about the price.
Looking for townhouses in Lincoln Park under $900K so this is right on point. I actually like it decently. I would need a garage spot at this price point. The outdoor terrace is the most unique feature. The kitchen and dining is cramped though and the exterior is depressing looking.
I would save up a bit for Parklane down the street a bit west. They have a garage spot, parking pad, and guest spots (and look 10x better from the outside).
Two things:
1. You buy what’s on the market. Not everyone can “wait” weeks or months or years for a property to come on the market in the exact place they want to be. In fact, most don’t home shop like this.
2. And many can’t go higher in their budget as their budget is their budget. Even $50k or $100k higher might be too high for some unless mortgage rates come down significantly.
Another comp that just went under contract: https://www.redfin.com/IL/Chicago/2930-N-Paulina-St-60657/home/12716372
$850K townhouse that I like the best out of all of them behind the Jewel on Paulina. Bathrooms a bit dated, but plenty of space and a full 2 car garage with 2 additional spots is a big plus if you have lots of visitors (and don’t want to have to worry about street parking that my suburban friends fear haha).
Oh I have plenty of time to wait. Love my highrise living (and am savings a lot each year), but if I’m going to spend $800K+ it’s going to be for a townhouse I will spend 10+ years in.
“Another comp that just went under contract:”
I really don’t like teh amount of white on the exterior of those. Think the THs just south are much better looking on the outside.
I would not consider 2930 N. Paulina to be a comp for this townhouse because the Lincoln Park address does matter. The Wellington townhomes are in Lakeview.
That Jewel should be torn down. That land is too valuable to have it empty like that. Can put a grocery store in but should have several mid-rises and a big townhouse development. Maybe some restaurants/retail along Ashland. Have a real opportunity to have a big development there.
“Oh I have plenty of time to wait. Love my highrise living (and am savings a lot each year), but if I’m going to spend $800K+ it’s going to be for a townhouse I will spend 10+ years in.”
The low inventory basically forces you to wait Rob.
And, fyi, no property is ever going to be “perfect.”
Doesn’t have to be perfect, but I’m not rushing.
I am heavily leaning towards the Parklane development in Lincoln Park (one just went on the market the other day, but it’s a 4 bed which I don’t want https://www.redfin.com/IL/Chicago/2720-N-Southport-Ave-60614/unit-A/home/13363319). I think a 3 bed can go for $850K these days and that’s the perfect layout for me.
“it’s a 4 bed”
It’s a 3 bed plus den.
The alleged 4th bedroom has a open view of the primary bedroom, and no door. It’s also the only access to the roof deck.
I totally get not wanting to pay more for the 2d bedroom to have been split into two child-sized bedrooms, but that’s the only significant difference, no?