Are These 3-Bedroom Duplexes Still Red Hot? 433 W. Grant in East Lincoln Park
This 3-bedroom duplex in The Portals at 433 W. Grant in East Lincoln Park came on the market in March 2019.
Built in 1972, this complex has 50 units and outdoor deeded parking.
This unit is one of the ground floor units with duplex up.
The living/dining room and kitchen are on the first floor along with a private patio.
The kitchen has white cabinets, stainless steel appliances and what looks like granite counter tops.
The unit has the preferred layout with all three bedrooms on the second floor.
It has central air, washer/dryer in the unit and deeded parking is included.
After the bust, units in this building sold quickly, sometimes within days, given their relatively low price points and East Lincoln Park location.
However, this unit is listed at $515,000, which is just $13,000 above the 2015 price of $502,000.
Are these units as hot as they were a few years ago?
Joanne Nemerovski at Compass has the listing. See the pictures here.
Or you can see the unit at the Open House on May 11 from 1:30 to 3:30 pm.
Unit B: 3 bedrooms, 2.5 baths, 1600 square feet, duplex up
- Sold in May 1989 for $193,000
- Sold in June 1994 for $205,500
- Sold in July 2002 for $378,000
- Sold in November 2004 for $422,500
- Sold in May 2010 for $452,000
- Sold in March 2015 for $502,000
- Originally listed in March 2019 for $529,000
- Reduced
- Currently listed at $515,000
- Assessments of $419 a month (includes cable, exterior maintenance, scavenger)
- Taxes of $8106
- Central Air
- Washer/dryer in the unit
- Deeded exterior parking included
- Bedroom #1: 13×13 (second floor)
- Bedroom #2: 14×11 (second floor)
- Bedroom #3: 12×9 (second floor)
Me: How can a 3 bedroom in this location be $515k?
**looks at pictures**
Me: Oh, I see.
looks like a dungeon. no thanka.
Would this rent for $3500 a month? Or more like $3200?
Anyway, not sure these are really hot in the way that people mean when they talk about real estate. It’s hot in that there are a lot of people who want to live in this area in a 3 bedroom and can’t spend $800k. But it/s not really what people are looking for generally, it just gets seen in a lot of searches.
What.Happened.In.This.Unit????
Seriously — fireplace is boarded up and the wood floor in the living room looks like it had water or pet damage and that couch looks like it was yanked out of a dumpster. I can SMELL this unit from looking at the pictures.
For the space / pricepoint it will find a buyer, especially if that person is handy and can do a lot of needed updates themselves.
I’ve seen photos of prison cells with bigger windows and more natural light.
What were they thinking when they designed these? I mean privacy is nice, but would anyone really want to live somewhere with narrow slits for windows?
*For the space / pricepoint it will find a buyer, especially if that person is handy and can do a lot of needed updates themselves.*
This. Some family is going to move in and have about 6 months to whip the place in shape before they get too depressed to function.
“I mean privacy is nice, but would anyone really want to live somewhere with narrow slits for windows?”
Lincoln Park wasn’t exactly “safe” in 1972, was it?
Nope.
Might explain the design.
Sabrina,
I hadn’t considered that. We lived in Lakeview in 1972 and the area was definitely sketchy then and throughout the 1970s. The west part of Lakeview (west of Halsted by Wrigley) was particularly bad.
Lincoln Park was at its worst probably in the 1950s, and that’s when urban renewal began there. By the mid-1970s, Lincoln Park was already in much better shape and unaffordable for my family, which is why we stayed in Lakeview.
But yeah, the slit-style windows might reflect the fears urban pioneers had back then. You generally see small windows on many post-war homes, even in the suburbs. It might have reflected the widespread use of air conditioning, which ended the need (or so people thought) for front porches and made builders design windows to be smaller to keep the sun from warming up air-conditioned rooms too much.
I even remember going to a friend’s house at 3150 N. Lake Shore (a 1960s building) and finding the windows didn’t open at all!
That style was pretty fashionable at the time, possibly because of urban fears, but also just because it became fashionable. And heading into the 70’s energy crises smaller windows became the thing.
Good point, FC. I hadn’t considered the energy crisis aspect.