3 Years Later, 2-Bedroom Fulton Market Townhouse Returns at $550,000: 310 N. Desplaines in
This 2-bedroom townhouse in Fulton Court at 310 N. Desplaines in Fulton Market came on the market in March 2024.
Built in 1999, Fulton Court has 48 townhomes with a center courtyard and a heated attached garage that is underneath the complex. Owners can park and walk right into their townhouses from the garage.
The picture above is one of the outside of the complex.
The main level has the living room, dining room, kitchen and powder room.
There are hardwood floors on the main level and the top floor while the primary bedroom has carpet.
The kitchen has been “updated” with “freshly painted” white cabinets (they were cherry previously), a new tile backsplash and new quartz counter tops (they were granite in the last sale). It has stainless steel appliances and a peninsula island.
The second floor is the primary suite with a walk-in-closet and bathroom with double vanity and tub/shower combo.
The third floor has the second bedroom, a full bathroom and direct access to a “sunny” rooftop deck that the listing says will be “upgraded with a wooden floor as part of the building upgrades.”
The townhouse has a lower level that connects to one heated garage space, a foyer, and the laundry room.
The listing says it’s in the Skinner elementary school district.
Additionally, it’s near shops and restaurants with the listing stating:
A+ location: easy access to I-90/94, short walking distance to several CTA’s Blue, Pink, and Green Lines (all less than 0.5 mile), numerous CTA bus routes, dog-friendly Fulton River Park (0.1 mile), cafes, grocery stores (Jewel – 0.1 mile and many others a short distance away), restaurants, nightlife spots, and more. You’ve got everything you need to start enjoying city living today!
This townhouse as listed 3 years ago, to the day, on March 8, 2021, for $530,000, went into contract just 4 days later, on March 12, 2021, and closed in May 2021 for $511,000.
Listed again this year on March 8 for $550,000, will it go under contract just as quickly as 3 years ago?
Mike Checuga at Re/Max Next has the listing. See the pictures and floor plan here.
Unit B: 2 bedrooms, 2.5 baths, 1900 square feet, townhouse
- Sold in April 2000 for $341,000
- Sold in June 2004 for $360,000
- Sold in May 2021 for $511,000
- Currently listed at $550,000
- Assessments of $626 a month (includes heat, gas, parking, exterior maintenance, scavenger, snow removal)
- Taxes of $10,779
- Central Air
- Washer/dryer in the unit
- Attached heated garage parking space included
- Fireplace
- Bedroom #1: 18×24 (second floor)
- Bedroom #2: 13×12 (third floor)
- Living/dining room combo: 27×13 (main floor)
- Kitchen: 13×8 (main floor)
- Laundry: 9×7 (lower level)
- Rooftop deck (third floor)
They’re hoping they break even, how is that possible in a HAWT ™ market and neighborhood?
Perfect for those that are afraid of color
The outdoor area is a really bad idea and inviting a leak. A previous sold unit showed wood covering the PVC
Probably sells for close to ask
This one will actually go fairly quickly given the amazing neighborhood. That said, how on Earth are they not making 200k+ in profit?? If they bought this in Denver, Dallas, Nashville, Tampa, Charlotte, etc, they’d be up a fortune. After realtor fees, they are going to lose money. Heck, they could have bought the Nasdaq at 13k and even be up money now.
Dear 20-30 something’s in Chicago, rent in one of the luxury towers and invest your down payment money into the stock market. You’ll find way better talent to date there too. Just make sure it’s NOT in one of the newer apartments that require 20% be low income.
here’s some proof that making minimal updates will see no return. the kitchen still looks cheap. they were better off spending some more money and updating the bathrooms and deck.
Rent up 20% in Chicago according to NYTimes! 2nd most of any city! That being said, I offer 360k for this turdola, cash money, come get it.
Wow memory lane listing here. I lived in this development in a similar unit (ours had the bay windows) circa 1999 – 2003. Rooftop deck seems to be gone, probably roof leak issues at some point? Not sure about this unit but we had a nice view of the Sears tower and south loop skyline from our rooftop. (I remember on 9/11 watching out my windows half expecting something to hit the tower). Neighborhood then was definitely not what it is now. 9/11 put a lot of development plans in the area on ice (Kinzie Station). I used to get really awesome fish and cuts of meat by walking down Fulton to Isaacsons. It was a first compromise condo for me, was living with a platonic partner and we were looking for two viable true “main” ensuites. Tough to find in our price range (low 300’s) at the time. Most of the 2nd bedrooms we looked at were teeny dens or clearly not true second bedrooms. This unit fit the bill for us. This unit has the kitchen peninsula which severely cuts into the useable space in the living area. Funny (?) how they’ve deleted it from the floor plan. We had them leave it out and opted for a free standing island. Dining area is windowless and felt dark. The main dilemma was … where’s the tv go? If you don’t want a big TV in the main living space, you’ve either gotta make the top floor bedroom into your TV room (a real hike from downstairs), or live with it squeezed in somehow on the main floor. I did like having a “basement” laundry and the feel of a “house” on a condo budget. Nevertheless, glad I left and never turned back.
“I lived in this development in a similar unit”
does it feel as small as the pix make it appear?
April 2000 for $341,000 + CPI = $614k, with the area having gone from edge of (basically) nowhere to edge of the hottest hood in town.
“does it feel as small as the pix make it appear?”
Actually it lives much LARGER than they’ve made it look. Certainly compared to other 2/2s in the same price range. Staging with appropriate scale furniture could have helped here a lot. The space between that kitchen peninsula and the fireplace makes for an awkward living room. We solved for it with two matching loveseats on either side of the fireplace. The bay window units here make a big difference. The main bedroom is very large. I had a (yes, really – long story) a baby grand piano, a king sized 4-poster bed, end tables, dresser, bookcase/tv wall unit and 2 club chairs in there and it was not crowded. Way bigger than you’d get in a condo. Top floor bedroom is generous as well. Ceiling height is tall on all floors, so the stairs are gonna keep you in shape. I wouldn’t buy it today if this was my price range. I guess that says a lot.
“That being said, I offer 360k for this turdola, cash money, come get it.”
You can really tell which of the posters don’t live in Chicago and therefore have no idea what is happening in the neighborhoods.
“they were better off spending some more money and updating the bathrooms and deck.”
Really? You get more bang for your buck with the kitchen remodel. Always. The cherry cabinets and granite definitely date it. White on white with quartz does not.
“That said, how on Earth are they not making 200k+ in profit??”
Because Chicago isn’t a bubble?
Oh, and prices are dropping in many of the cities you have listed, including Tampa. Not sure if those buyers from 2021 are making anything in many of those cities now.
“The outdoor area is a really bad idea and inviting a leak. A previous sold unit showed wood covering the PVC”
It says in the blog post AND in the listing what is happening with the deck.
“The space between that kitchen peninsula and the fireplace makes for an awkward living room.”
I wonder if you can remove the fireplace? It would save you two feet. Would make a huge difference and would free up more space on that wall.
“Really? You get more bang for your buck with the kitchen remodel. Always”
maybe so, but they cheaped out. tough to justify paying for “updated” when that’s what you’re getting. I doubt that the refrigerator was replaced. zoom in on the base cabinets in the peninsula. they’re in rough shape. living with out bathrooms during a remodel is very problematic.
“I doubt that the refrigerator was replaced.”
Don’t think it’s original to construction–this one looks like the 2000-vintage appliances:
https://www.redfin.com/IL/Chicago/661-W-Wayman-St-60661/unit-C/home/12767212
But yeah, the one in the feature looks to be a decade-plus old.