4-Bedroom Benjamin Marshall Classic Re-Lists in Lincoln Park: 2355 N. Commonwealth
This 4-bedroom at 2355 N. Commonwealth in Lincoln Park came on the market in June 2016.
This building is on Fullerton Parkway and Commonwealth with Lincoln Park across the street.
Designed by Benjamin Marshall in 1914, it has only 3 units but it’s an elevator building with a parking garage.
At 5150 square feet, it has many of its vintage features including wainscoting, ceiling medallions and an ornate plaster ceiling in the living room.
The unit has a massive foyer.
It has four en suite bedrooms, three that are the usual large sized vintage rooms but one small bedroom which was likely the original maid’s room.
There’s a walnut paneled library and a Florida room with a checkerboard floor.
The butler’s pantry and kitchen have radiant heated floors.
There’s a master suite with a marble bath, dressing suite and private office.
A unique feature is an additional 660 square feet of lobby level storage space with a cedar closet, workshop, storage and a wine cellar.
This unit has in-unit washer/dryer, space pak cooling and 2-car garage parking.
The listing also says there’s a “live-in custodian.”
This is a co-op but the listing has the taxes listed separately and they’re apparently not included in the HOAs.
Originally listed for $3.6 million, it has been reduced to $2.35 million.
Will this property finally sell at this new, lower price in 2019?
Jenny Ames at Engel & Voelkers Chicago has the listing. See the pictures here.
Unit #1: 4 bedrooms, 4.5 baths, 5150 square feet, 2-car garage
- There’s no previous price because it’s a co-op
- Originally listed in June 2016 for $3.6 million
- Reduced
- Currently listed at $2.35 million
- Assessments of $2500 a month (includes heat, gas, exterior maintenance, scavenger, snow removal and lawn care)
- Taxes of $48,519
- Space pak cooling
- Washer/dryer in the unit
- 2 fireplaces
- Wine cellar
- Cedar closet
- Workshop
- Bedroom #1: 22×18
- Bedroom #2: 17×16
- Bedroom #3: 17×16
- Bedroom #4: 14×8
- Foyer: 20×10
- Office: 11×10
- Library: 16×16
It’s beautiful inside, but I think it’s a rather small audience for a 5,000-square foot unit with $4,000 in monthly costs above the mortgage (if you have a mortgage – if you can afford this place you probably just write a $2.3 million check).
“I think it’s a rather small audience for a 5,000-square foot unit with $4,000 in monthly costs above the mortgage”
——————-
Try over $6,000 a month.
“Jenny Ames at Engel & Voelkers Chicago”
interesting that she’s no longer with Caldwell Banker.
“Jenny Ames at Engel & Voelkers Chicago”
They made a public announcement of this to start the new year. She opened the first Chicago branch of Engel & Voelkers, a German luxury real estate firm.
Their office will be at Clark and Fullerton, I believe, and will include a coffee shop. That’s smart. You hang out in their offices on your laptop and when you go to sell, you think of them first (or just waltz into their offices in the other part of the space.)