3-Bedroom with City Views in Park Place Tower for $550K: 655 W. Irving Park in Lakeview
This 3-bedroom in Park Place Tower at 655 W. Irving Park in Lakeview came on the market in April 2024.
Built in 1973, Park Place Tower is one of the tallest buildings on the north side of the city.
It has 901 units and garage parking. The parking looks to be a mixture of owned spaces and leased, some of it valet.
A prior listing called it a full amenity building with “resort style living” with “24 hour concierge, package receiving, gym, yoga room, Olympic sized pool, sundeck with grills, outdoor basketball court, party room, movie theater, business center, bike storage, grocery store, on-site maintenance, and on-site laundry room.”
Park Place Tower also has on-site managers.
This 3-bedroom is a combined unit on the 47th floor.
It has hardwood floors throughout (not sure if laminate or real hardwoods).
The listing calls it a “modern masterpiece.”
The kitchen has sleek white custom cabinets, granite countertops, stainless steel appliances and a breakfast bar with seating for 4.
The dining room has custom cabinetry and is large enough to seat 10.
The living room has an electric fireplace and there is a separate sitting room.
The primary suite has an en suite bathroom with a double vanity, walk-in-shower and soaking tub along with a walk-in-closet.
The second bathroom has also been renovated and has marble finishes.
The listing says the third bedroom could be used as a den or office.
The unit has central air and it says there is garage parking (not sure if it’s owned or leased). There is no washer/dryer in the unit as there is coin laundry in the building.
As it’s one of the tallest buildings on the north side, Park Place Tower is a view building. This unit has floor-to-ceiling windows in some rooms with city skyline, lakefront and Wrigley Field views.
This building is on the border between Lakeview and Uptown’s Buena Park neighborhood near the golf course and Montrose Beach. It’s near the Sheridan red line stop and numerous bus lines. There are restaurants and shops nearby.
Buyers love move-in ready homes.
Listed at $550,000, will this sell quickly?
Wendi Gordon Shelist and Joie De Graff at @properties Christie’s have the listing. See the pictures and floor plan here.
Or see it at the Open House this Saturday, April 27, 2024, from 12 pm to 2 pm.
Unit #4715-13: 3 bedrooms, 2 baths, 1542 square feet
- Unit #1: Sold in December 2005 for $236,500
- Unit #1: Sold in March 2019 for $205,000
- Unit #2: Sold in August 2005 for $269,500
- Unit #2: Sold in October 2017 for $182,500
- Last “sale” for combined units was: $387,500
- Combined unit currently listed at $550,000
- Assessments of $1598 a month (includes heat, a/c, doorman, cable, exercise room, pool, exterior maintenance, lawn care, scavenger, snow removal)
- Taxes of $7523
- Central Air
- No washer/dryer in the unit. Coin laundry in the building
- Parking (included or leased?)
- Electric fireplace
- Bedroom #1: 14×11
- Bedroom #2: 14×11
- Bedroom #3: 10×7
- Kitchen: 9×8
- Living room: 19×11
- Dining room: 19×10
- Sitting room: 10×11
Seems like HOA has done a nice job here. Amenities and common areas look great for old building.
I like it. Not sure about that fireplace though. No w/d is a bummer but the place otherwise has a lot going for it.
Good pics/listing.
Everything else is listed at basically $300 psf.
Is this nicer than others? Sure. But then you have best unit in the building issues, and it’s not genuinely special.
Maybe if they threw in a cabana.
Seems like a high price for this building. I’ve been in the building and it’s not exactly luxurious. It’s kind of anonymous feeling and not particularly well-built (thin walls, low ceilings and the other problems associated with 1970’s construction of high rise rental buildings).
Interestingly, I recently saw a photograph of myself playing on a nearby playground as a child with this building under construction in the background.
“Maybe if they threw in a cabana.”
cabanas are hot commodities here. usually sell pretty quick when they’re available. I have friends that own one and don’t live in the building.
Also, NOT an Olympic size pool. Oly Pools are 50 meters x 25 meters allowing for both long course and short course competition depending on how you set the lane lines. I wish realtors knew, 99.99% of pools in a residential setting are definitely not actually an Olympic sized pool.
Lack of in-unit laundry blows. Awesome views however. Still not interested……
“Lack of in-unit laundry blows. Awesome views however. Still not interested……”
With so many luxury units having been built across Chicago in the last decade, there is now a new generation who hasn’t experienced going to a laundry room except in college. Will they be willing to buy a condo without in-unit washer/dryer after living in a new luxury building with it for several years?
I’m curious.
“ With so many luxury units having been built across Chicago in the last decade, there is now a new generation who hasn’t experienced going to a laundry room except in college. Will they be willing to buy a condo without in-unit washer/dryer after living in a new luxury building with it for several years?”
Removing the top 5% of that cohort, they will if they want to live in the city
Building has a pronounced sway on windy days, not particularly well-built, and 11′ wide living-room is subpar. Heavy reliance on IKEA cabinets in this remodeled unit is not luxury caliber, and price doesn’t fit comps within building.
Hey I used to live in this building 20 years ago, first place I rented when I moved to the city, it was 1k a month for a 1k sqft 1br/1ba, then they started condo conversions while I lived there so I couldn’t stay long. Lobby still looks the same from when I lived there.
oh how times have changed when it comes to pricing…
nickname of the building was the Homo Hilton, lol
“Building has a pronounced sway on windy days, not particularly well-built”
They all do. Once you get up to 60 stories, every building sways.
“Removing the top 5% of that cohort, they will if they want to live in the city”
This is how out of touch you are with Chicago’s rental market JohnnyU. This isn’t 1985 anymore with the crappy 2/1 in Lakeview.
Even many Class B units have in-unit washer/dryer. And all the Class A units do.
I also just saw that Class A 1-bedrooms were at a new record of $3100. Does anyone have a link?