9 Months Later, Contemporary Condo Still Available: 1750 N. Clybourn in Lincoln Park
We last chattered about this contemporary 2-bedroom unit at 1750 N. Clybourn in Lincoln Park in March 2009.
See our prior chatter here.
Nine months later, it is still available and has been reduced $50,000.
The 7-unit building was built in 2006 by Ranquist Development which specializes in modern and contemporary architecture.
The unit has more bells and whistles than normal including custom shades, red oak floors, and Sub-zero and Meile appliances along with Arclinea cabinetry in the kitchen. The master bathroom is marble and limestone with Hansgrohe and a Zuma tub.
Emily Sachs Wong at Koenig & Strey still has the listing. See the pictures here.
Unit #202: 2 bedrooms, 2 baths, no square footage listed
- Sold in November 2006 for $436,000 (looks like that included the parking)
- Was listed in March 2009 for $525,000 (included the parking)
- Reduced in March 2009 to $475,000
- Currently still listed at $475,000 (includes the parking)
- Assessmenst of $186 a month
- Taxes of $5947
- Bedroom #1: 15×12
- Bedroom #2: 12×10
- Living room: 24×18
- Kitchen: 13×10
So are they pricing it this way so they can knock 100k off and then it might seem like an amazing deal to somebody?
kudos on the virtual tour/floor plan, etc. Nice to see someone trying in the marketing department.
The price on the other hand…when will reality finally hit these sellers. Assuming no improvements, nothing bought in 2006 is worth more today. Its probably not worth the same. I’ll put my guestimate at $390K, actaully the better bet would be ‘withdrawn/ cancelled’ in 6-9 months.
some units i would put in direct competition to this would be 1729 and 1329 n. clybourn. I believe there may have been some 2 bedrooms sold recently in those buildings that were closer to 380k-390k. 475k is too high to live on a second floor facing clybourn. It feels very “bachelor” to me, and although I love the finishes, it would not persuade me to purchase on this street.
Cool pad, awful location… unless you enjoy rediculous road traffic, industrial pollution, AND el noise.
Very cool pad.
This will still be available nine months from now. I can’t imagine a worse street to live on.
I think 401 would be a cool pad – looks from prior sales that there is one commercial unit, 3 units on second floor, 2 units one third floor, and the fourth floor is its own. Here were all sales prices:
101: $420 (3/07)
201: $449 (12/06)
202: $436 (12/06)
203: $485 (12/06)
301: $663 (12/06)
302: $700 (7/07)
401: $855 (2/07)
I really find it hard to believe that people pay these prices for low (i.e., second floor), non-penthouse (second & third floors) units on a busy street (Clybourn). The finishes are nice but some of these things aren’t THAT expensive to do when you are working with small rooms (that master bedroom can barely be called a master when you can only wedge 2 cubes on either side of the bed before hitting wall). Maybe I am out of touch with how much it costs to get a spacious top floor unit because I seem to poo poo all these posts. Sorry – I did, however, say that I like the finishes.
Sonies used to work around here at the clybourn cobbler , but he got canned for making custom kicks for his poodle
LOL I did used to work around there, however not at the cobbler 🙂
9 months later…and it’s a girl!
Sonies, was it Hair Today Gone Tomorrow, 1729 N. Clybourn Avenue???
I lived on Halsted Street nearby for a while. I had the same concerns about a busy street like Halsted, but actually it was fairly quiet when the windows were closed. Of course, Halsted has restaurants and bars and the 8 bus. This has neither.
If it comes down to $375K, sign me up… but I think $425K will get this one sold. Its a unique building, cool finishes, and has a pretty fuctional layout and good closet space.
I lived a few doors down from here about five years ago. Noise on Clybourn isn’t that bad, but traffic is a nightmare around rush hour and on weekends. It’s a quick shot to the Kennedy, which is nice, and you can walk to pretty much everything you’d need. Nice finishes in this unit, but it appears space is at a premium.
You still get some people of questionable morals migrating up from Cabrini in this area. There used to be a really horrible club down the street that caused a lot of problems due to clientele but we managed to have the City shut it down. I think it’s an Italian restaurant now.
“There used to be a really horrible club down the street that caused a lot of problems due to clientele but we managed to have the City shut it down. I think it’s an Italian restaurant now.”
There was a shooting there a few years back as I recall. Now with a torn down cabrini, the sono high rise there and a new whole foods, its all different.
You used to get stepped to at the gas station on Cly and North. Now its an Apple store in process. Recall hookers use to appear on the North Ave bridge (before it was renovated).
My how things change.
what was the club that was shutdown?
There was a great bar on clyborn called the Bluebird but it closed in the early part of the decade.
http://www.chibarproject.com/Memoriam/Bluebird/Bluebird.htm
location, location, location…
I don’t remember. Definitely not the Bluebird though.
This would have been circa 2003-2004. The place wasn’t open all that long.
I think the building has been razed and there’s a mixed use building with Horton’s Lighting on the property now.
the bluebird’s lease wasnt renewed and then a place called copa opened. it would be nice karma if that was shut down.
“I think the building has been razed and there’s a mixed use building with Horton’s Lighting on the property now.”
I thought it was next door, to the south, where The Libertine apparently now resides.
The place I was thinking of was called “Cafe Allure” and was at 1501 N. Dayton. Now an Irish bar right across from SoNo.
http://www.foxnews.com/story/0,2933,143768,00.html
I like almost all of Ranquists product. They do great work. I’m not commenting on the pricing here – I just really like their aesthetic and finishes.
agree with bluebird in terms of livability and traffic on weekends etc.
Also think it will go between $400k – $450. Finishes are nice enough and some people like being on Clyborn, Halsted, Ashland, etc.
“CH on November 5th, 2009 at 9:20 am
the bluebird’s lease wasnt renewed and then a place called copa opened. it would be nice karma if that was shut down.”
The Copa is a decent neighborhood bar. I lived in the building directly North of it in the top floor apartment. No problems with noise or patrons from Copa.
That shopping area is so stressful. My blood pressure rises everytime I drive through the hood. And I was wondering what the new build was going to be. If that’s really an apple store, the hood will be even worse.
It’s definitely an Apple store. Apple is paying $4MM to renew the CTA stop right next door. They’re building a park where the bus turnaround is right next door, too.
Just too much traffic in that area. I’d rather go to River North or surburbs for shopping. River North you get more walkability and more variety. Suburbs you get less traffic, as long as the highways are moving. Sidewalks around Clybourn/North are narrow and inhospitable. Red line is not bad but otherwise why would you live there.
I do like the finishes in the unit. No idea about price–not what I am looking at–other than how in the world do you expect to get better than 2006 prices?
“DZ on November 5th, 2009 at 1:41 pm
Sidewalks around Clybourn/North are narrow and inhospitable. ”
Never heard that one before. Are you the same guy who couldn’t get dressed in the 5′ wide closet?
“Never heard that one before. Are you the same guy who couldn’t get dressed in the 5? wide closet?”
No, not I. Ok, I may be overstating it a little, but the sidewalk outside the blocks with J Crew and Banana Republic or Pottery Barn have always struck me as too narrow, with traffic wizzing by. And then walking from there to say Whole Foods or Borders or REI is not particularly pleasant. I guess I’m comparing to River North and Michigan Ave, which is perhaps an unfair comparison, but as I said, if I’m going to put up with horrible traffic, I’d rather go there.
I walked through the unit a few months ago during an open house, the layout and finishes are actually great – a little out of my price range, but wanted to check it out. Best comp for this unit would be other Ranquist properties, most are in Bucktown but they tend to have similar finishes and layouts. Realtor said they bought preconstruction and negotiated many upgrades and had work done after closing. I love the Ranquist/Studio Dwell units – tough to afford on an architect’s salary though.
I wish there were more places like this in Chicago. The price is too high right now, but I like the layout, finishes, and location. I’d just rather have it facing south – although if it was on the other side of the street, it would be backing up to the el tracks.
As Matt C. said it’s unfortunate that a lot of the modern places are west of the Kennedy – and I just can’t bring myself to become a Blue Line person.
Closing is scheduled for tomorrow.