Vintage 3-Bedroom with European Flair for $425,000 in East Lakeview: 415 W. Aldine
This 3-bedroom in 415 W. Aldine in East Lakeview came on the market in October 2023.
Built in 1926, 415 W. Aldine has 60 units and some parking which is leased through a lottery.
It has a party room, children’s playroom, bike room, library, live-in engineer and coin laundry. The building also has a landscaped side yard with bistro seating and stone benches.
This unit has a semi-private entrance with 2 units per elevator bank.
It has pre-war vintage features like a foyer/gallery with a barrel vaulted ceiling, high ceilings and crown molding.
The unit has north and east views, including views of Lake Michigan and Belmont Harbor from the primary suite, and blonde oak hardwood floors.
It has a formal dining room.
There are custom designed bookshelves in the living room.
The chef’s kitchen has red and gray cabinets, a Viking 6-burner stove, granite counter tops, a new sink and Whirlpool refrigerator. It also has a butler’s pantry with white cabinets.
The primary bedroom and the smallest, third bedroom, have en suite bathrooms.
The unit does not have a washer/dryer in the unit nor central air. There are window units for cooling.
There is rental parking in the neighborhood and leased parking in the building is done through lottery.
This unit also has a 9x9x9 storage unit in the basement.
This building is near Nettelhorst and Our Lady of Mt Carmel Academy as well as the shops and restaurants in East Lakeview. It’s near numerous bus lines.
Listed at $425,000, that’s just $5,000 above the housing bubble price in 2007 of $420,000.
Is this a deal now for a 3/3 with 2200 square feet in this neighborhood?
Ellen Miller at @properties Christie’s has the listing. See the pictures and floor plan here.
Unit #6B: 3 bedrooms, 3 baths, 2200 square feet
- Sold in October 1988 for $145,000
- Sold in February 1991 for $190,000
- Sold in April 1999 for $223,000
- Sold in July 2007 for $420,000
- Currently listed at $425,000
- Assessments of $1461 a month (heat, cable, exterior maintenance, lawn care, scavenger, snow removal, Internet)
- Taxes of $7078
- No central air. Window units.
- No washer/dryer in the unit
- No parking. Rental in the neighborhood.
- Bedroom #1: 15×13
- Bedroom #2: 16×12
- Bedroom #3: 12×9
- Kitchen: 14×8
- Living room: 23×15
- Dining room: 20×14
- Foyer: 17×8
10B appears to be the current highest sale:
https://www.redfin.com/IL/Chicago/415-W-Aldine-Ave-60657/unit-10B/home/12569581
pluses and minuses as to the finishes (IMO), biggest differences are 10 v 6 and the spacepac a/c.
These are pretty units. And to have 3 full baths is a big bonus. In 10B, they used that small staff bedroom as an office/den. That’s smart.
Biggest drawbacks in this building is that there aren’t many units to maintain it (just 60 owners). Also, lack of washer/dryer is a big drawback. I could deal with parking in a rental lot down the street somewhere, but I don’t want to see my fellow owners in the shared laundry room. Lol.
I love the finishes in this unit but many others will not and will want/need to paint every room, swap out window treatments and may not even like the cabinets in the kitchen either.
But that all costs money. Seems like they listed it at an attractive price to allot for that though.
OOOOF. Pretty unit. Some finishes would need updating. No central air. No real amenities in the building. Pay cash for this an the monthly assessment, taxes and insurance is $2200/mo…and you still have to pay for parking ($150/mon? plus the inconvenience of it not being on site), have communal laundry (worth $500/mo to me given my time is valuable) and no private outdoor space ($100 – priceless?)….so essentially $3K/mo+ is the true cost even if you pay cash. You can rent a really nice place….maybe not a sprawling but still, you can rent something and not lock up a six figure down payment. If the association allows it the current owner could likely make money renting this out. Probably could rent it for $3500-$4000/mo considering the lack of amenities / creature comforts.
I am sure I have asked before but have totally forgotten.
Sorry.
How much to space pak an apartment? so like a baseline cost then cost per room?
Chichow, I’m not sure if this will be helpful, but eight years ago we bought a 3/2 on the third (top) floor of an old six-flat. It cost about $25k to install SpacePak with American Vintage, one of the top high-velocity ac installers in the country, in a c. 2,000 sqft unit. It took about six or seven working days. Two years ago we bought the unit next door (so we could have the entire top floor). When we installed SpacePak, again with American Vintage, it cost about $32k for the same size unit. It helped that we’re on the top floor, so they could easily put the condenser on the roof and air distributor (or whatever it’s called) in the space between the roof and the ceiling. A middle floor in a larger building would require more finagling.
I should add that we also had to upgrade the electrical panel for each unit, about $2k per.
Window units, lottery parking, no W/D and views directly into another building. What more could I ask for!
Thank you mad bad on the space pak info.
I’m not trying to pry, but I am curious on the space pak in your situation. So traditional 6 unit would be 3 units on each side (either simplex for all three or simplex for 2nd floor and duplex for floors one and three) with a central stairwell.
so if you took the entire floor, was the increased price of the second space pak install just because of inflation? or was it because when you say you took the entire floor, you then combined the 2 units and then the extra cost was to integrate the new space pak into the existing space pak system.
Chichow, the second SpacePak is separate and essentially a duplicate of the first system. Increased price is due to inflation and, I assume, covid-induced “issues.”
Yes, the six flat has 3 units west and 3 units east, with a central staircase. One first-floor unit has a partial duplex down. (It belonged to the developer who did the condo conversion in the 70s.) We took down a short wall in the back sunroom area to combine units and moved the washer and dryer to the new unit but are otherwise keeping things the same. Individual tax IDs in case we need to sell them separately in the future, since we’ve created a bit of a white elephant. It’s all a work in progress. But having two kitchens is much handier than I thought it would be.