6-Bedroom East Lakeview New Construction Single Family Home Now Under $3 Million: 550 W. Oakdale
We last chattered about this 6-bedroom new construction home at 550 W. Oakdale in East Lakeview in August 2012.
See our prior chatter here.
At that time, it was listed at $3.2 million and we debated whether or not a single family home could sell for that much in that location.
Since then, the house has been reduced to $2,999,999.
The 7000 square foot house has a 53 foot atrium center and radiant heat floors.
It has ten foot ceilings and eight foot doors.
The kitchen has the usual upscale appliances like SubZero and Viking.
The house has 4 decks and parking for 4 cars on a 25×140 lot.
And if you’re wondering how you’ll cool it all, the house has 4 HVACs.
What price will it take to finally sell this house?
Marius Tatarunas at Home TRG Inc. still has the listing. See the pictures here.
550 W. Oakdale: 6 bedrooms, 4 baths, 3 half baths, 7000 square feet, 4 car parking
- Originally listed in June 2012 for $3.2 million
- Was still listed in August 2012 for $3.2 million
- Reduced
- Currently listed at $2,999,999
- Taxes of $37,897
- Central Air
- 4 Decks
- Bedroom #1: 20×15 (third floor)
- Bedroom #2: 15×18 (second floor)
- Bedroom #3: 10×14 (second floor)
- Bedroom #4: 12×18 (second floor)
- Bedroom #5: 10×15 (second floor)
- Bedroom #6: 11×22 (basement)
These were 2 beautiful buildings with great copper cornices and detail that were ruined by this developer. They sat empty for a long time even during the building boom so I am not sure about the overall quality. It is a great neighborhood having lived there 20 years but homes mid-block may command higher prices as they are quieter and have a little less of the Broadway alley trash look. Another big reduction to 2.5 mil may move it faster.
If I purchase this house do you think they would include the toilet seat or do I have to bring my own?
There are a bunch of properties either still on the market or that have come back on the market (now that the market is hot!) that we’ve chattered about before. I’m going to cover a bunch of them this week. Not everything is selling instantly.
Laker, they had to make up the price cut somewhere. If you pay the 3.2 price, they’ll include the last toliet seat.
The idea of spending $3 million to have windows facing the brick walls of your neighbor’s house which is like 3 feet away and having a backyard the size of a towel never ceases to horrify me. I guess I’m just not made for city living.
This renovation is Fugly and tacky to me. The central staicase is really bad.
The staircase is hideous. The tile is looks cheap. Cheap, Chinese marble in 12×12. Bad finishes will knock way more off this price.
Rather live in Lincoln Park for $3million. This house isn’t bad but I agree I don’t like the “facing a wall” on one side. The staircase wasn’t so bad for me. At least it was interesting.
Aren’t you going to be facing a wall with pretty much every house in Chicago. That is unless you’re on an extra wide lot with a house not built to the lot line.
Ridiculous house, done very poorly
-Diagonal floors look terrible and so 2004, wide plank is the way to go now
-Fireplace that belongs in a 400k condo looks totally stupid in a 3 million dollar house
-no crown moulding? the fuck
-facade looks ok, but why didn’t they do any decorative stuff near the top?
-staircase is sort of cool, but doesn’t match the wood used elsewhere in the house, and it appears to be in the middle of the house towards the back i guess, which is a pretty big waste of space in a narrow home like this
-Kitchen is nice but why put the pantry all the way around the island where the stove is? I also prefer to have a wall abutting the stove for ventilation reasons
-In addition to that, are those two refrigerators? I can’t imagine how loud that must be, most commercial refrigerators like that are very noisy and to have 2 of them…
-bathrooms are ok, but would be better to marble all the way to the top of the walls no? I think that would look better
-staircase also makes some walls in rooms curved… that blows
-why is there exposed ducting in the sunroom? it looks f-ing TERRIBLE!
-I like the outdoor fireplace, but damn if that slate tile doesn’t look awful
-rear balconies look terrible and I don’t think they will pass fire code?
This house has personality…split personality, but personality none-the-less
This is one is gross.
“Rather live in Lincoln Park for $3million”
I agree, I’d reather live near Burling street and the other multi million dollar homes.
“rear balconies look terrible and I don’t think they will pass fire code?”
Agree they look terrible, but what do you see as the fire code issue?
What’s in the ‘tower’ next to the deck/balconies on the first floor? window ‘behind’ fridges looks into the notch bt buildings; patio door directly against right hand fridge–but there’s a ~5′ extension to the right of that fridge. What is that? Stairs to the basement? Is there a door into the notch, facing west? Dead space??
I kinda like those light fixtures in the dining / living area. They kinda look like a Bloomin’ Onion from Outback Steakhouse. Man, I love those things. I think I would mainline that dipping sauce if I could. I really like everything about Outback. Probably one of the better restaurants I’ve ever eaten at, chain or otherwise. I think their spring menu is pretty inventive. Definitely one of the better places to eat out here. Do they have any down in the city?
Sonies, I definitely agree on several points. The floors, fireplaces, curved walls, and rear (which looks like the back of a cinder block 3 flat mc condo) does not say $3M. The kitchen is a little odd but fine to me.
However, even with the goofy finishes, if one “needs” 7000 sq. ft. In this area can they get it for much less than this? I wouldn’t think so, but maybe. I’d choose nicer finishes and deal with less space but some people are size queens and if you “need” a place this big, is there better or cheaper?
^Well about 1000 usable sqft of the place is wasted by that awful staircase, I can’t imagine a worse purchase to maintain than a half assed McMansion 3 flat conversion
“Agree they look terrible, but what do you see as the fire code issue? ”
don’t you have to be able to exit to the ground level 2 places on each floor? I dunno, as I am no fire code expert but it just doesn’t look right
“What’s in the ‘tower’ next to the deck/balconies ”
maybe the HVAC’s?
“I can’t imagine a worse purchase to maintain than a half assed McMansion 3 flat conversion”
Not that it changes much in that conclusion, but this was a two flat, and that third floor is a new-build add-on. Which, come to think of it, might make it *worse*
“maybe the HVAC’s?”
Reasonable possibility. Where’s the access point on the 1st floor level? That’s the weird thing.
“don’t you have to be able to exit to the ground level 2 places on each floor?”
From the roof, yes, From each floor–only if over X (dunno w/o looking up) sf. Def ok to have a balcony of some size w/o stairs off it, but those *do* look pretty big, as does the balcony in *front* with the fire place–which, btw, who wants to haul firewood up to the third floor, and over to the front of the house? Not a great idea to keep a half cord (aka, vermin nest) up there, either.
Which provides another opportunity to say: wtf weret hey thinking with that slate tile on the wall? Probably the worst thing in the pix.
Thanks anon, I knew i wasn’t being too hyper critical of this place 🙂
Sonies, I don’t think you were being too critical at all. I think the place has some big goofs. I just don’t know how much less a 7,000 sq. ft. place around here can get. Maybe it doesn’t matter though as people looking for awful McMansions aren’t looking here.
“I just don’t know how much less a 7,000 sq. ft. place around here can get.”
If you *really* need space (in the city), this might be the one:
http://www.redfin.com/IL/Chicago/6302-N-Monticello-Ave-60659/home/12632961
As to this one at “7000”, even *before* accounting for the absurd space taken by the stairs, I seriously doubt that it’s over 6000 sf, and that *includes* the basement.
“Absolutely fabulous executive level dream home ”
LOL!
Wow, that house is just…. wow
outdoor fireplace on a deck looks like a fire hazard
agree with sonies on the cheap fireplaces, they stick out like sore thumbs. the kitchen seems huge, can’t imagine navigating around it.
Anon,
6302 N. Monticello is a completely different neighborhood. I was stating I don’t know that you can live in this ‘hood with this much space for much less $$ than this place if you have to live in this area and need the space.
I’d make different compromises such as hood, size, etc. but I wouldn’t be surprised if someone came along that insisted or wanted this much space in this location and was willing to deal with the oddities of this house for it.
matthewlesko-
It’s the PH Artichoke pendant and I’m sure it’s a knockoff judging by the rest of the house… here is the original, http://hivemodern.com/pages/product2064/louis-poulsen-poul-henningsen-artichoke-pendant You can get knockoffs anywhere, like this one for $299 http://www.instylemodern.com/ProductDetails.asp?ProductCode=2000&click=276&utm_source=googlebase&utm_medium=shoppingengine&zmam=83482932&zmas=1&zmac=9&zmap=2000&gclid=CJb43OGw5LUCFcZFMgodUBsAdg
“6302 N. Monticello is a completely different neighborhood.”
Uh, yeah. But tooooo funny.
“wanted this much space in this location”
I can call anything 7000 sf. This ain’t 7000 sf.
That property on Monticello looks like it was two separate houses that someone joined together.
I was uncertain about the location of Monticello, but once I saw the kitchen lighting I knew I must buy that house for my 18 children!
matthewlesko (March 4, 2013, 11:09 am)
“I kinda like those light fixtures in the dining / living area. They kinda look like a Bloomin’ Onion from Outback Steakhouse. Man, I love those things. I think I would mainline that dipping sauce if I could. I really like everything about Outback. Probably one of the better restaurants I’ve ever eaten at, chain or otherwise. I think their spring menu is pretty inventive. Definitely one of the better places to eat out here. Do they have any down in the city?”
I always get the Outback jingle stuck in my head.
At least my version of it: “Let’s go Outback tonight. We can have good food to-mo -o-row.”
Artichoke light? I guess it does kinda look like an artichoke. Cool! Might have my wife put an artichoke in my man cave.
“Might have my wife put an artichoke in my man cave.”
I have long suspected that the Outbacks Steakhouse and Reds Lobster of Cary hide a more insidious sexual underbelly.
?
Ive been living in the area over the past four years and appreciate how the deloper was able to maintain the outside facade and still make it a unique property. The staircase and additional floor with an outdoor patio are just some of the features that make this house unique
^nice realtor speak with the typical excellent realtor spelling
The facade looks like shit now that they removed the cornices, what are you talking about. Yeah its no modern box, but it isn’t exactly vintage, all that has been stripped away
Reduced to $2,749,900 — http://www.redfin.com/IL/Chicago/550-W-Oakdale-Ave-60657/home/13372788
Did this place sell or was it taken back off the market? No more for sale signs out front and no longer listed.
“Did this place sell or was it taken back off the market?”
Looks like it is off the market. Maybe they rented it.