Get a Completely Gutted 2/2 in East Lakeview for $375,000: 3150 N. Sheridan
This 2-bedroom in 3150 N. Sheridan at 3150 N. Sheridan in East Lakeview came on the market in August 2021.
Built in 1974, 3150 N. Sheridan has 102 units and an attached parking garage.
It’s a full-service building with door staff, an on-site engineer and a roof top pool.
The listing for this unit says it was a “complete gut in 2020.”
It has a unique layout for a high rise in that it has both east and west exposures.
The living/dining space overlooks a big, east facing balcony.
The kitchen is open to the living area and is described as a “true chef’s kitchen” in the listing.
The kitchen has white Shaker style cabinets, a large kitchen island, granite counter tops, Bosch stainless steel appliances, a hood vent and beverage cooler.
The primary suite has a walk-in-closet and a “luxe” bathroom with a frameless glass walk-in-shower and heated floors.
Both of the bedrooms have west facing exposures.
The unit has Nest thermostats and built-in speakers.
While it has central air and garage parking is leased in the building, it doesn’t have in-unit washer/dryer. There is coin laundry in the building.
Buyers love “new.”
Listed at $375,000, will this condo go under contract before Labor Day?
Megan Wood and Russell Burton at Compass have the listing. See the pictures and floor plan here.
Unit #14C: 2 bedrooms, 2 baths, 1350 square feet
- Sold before 1986
- Sold in September 2015 for $205,000
- Currently listed for $375,000
- Assessments of $813 a month (includes doorman, cable, pool, exterior maintenance, scavenger, snow removal)
- Taxes of $4604
- Central Air
- No washer/dryer in the unit. Coin laundry in the building
- Leased parking in attached garage
- Bedroom #1: 17×12
- Bedroom #2: 13×12
- Living/dining room: 25×15
- Kitchen: 12×10
- Foyer: 10×5
Very nicely done. Especially when you consider the 2015 list pictures is the stuff of nightmares.
I wonder why the developer opted to only include tiny windows on the sides of this building. This place would be so much nicer if it had extra windows on the sides instead of just that one tiny window.
“I wonder why the developer opted to only include tiny windows on the sides of this building.”
Believe it was bc of Chicago building code for walls close to the lot line. lots of buildings like that around.
“I wonder why the developer opted to only include tiny windows on the sides of this building.”
Cost
This is about as nicely updated as one could do w/ the constrains
No W/D & Gym (AFAICT) and leased parking are pretty big negatives
Peak pricing for a 2Br in this building
Here’s the real question:
Is it $50k nicer than this one:
https://www.redfin.com/IL/Chicago/3150-N-Sheridan-Rd-60657/unit-18C/home/13372768
Or $75k nicer than this one:
https://www.redfin.com/IL/Chicago/3150-N-Sheridan-Rd-60657/unit-16C/home/13373779
Definitely peak pricing for this building. I think it’ll be awhile before you’d be able to sell for over $400-415k (I.e. break even).
Its nicer than both (the lack of DR table makes it look a lot better)
The issue is that $50-$75k at this price point is fairly significant – about $350/mo. Think there are 2 different sets of buyers
“Definitely peak pricing for this building. I think it’ll be awhile before you’d be able to sell for over $400-415k (I.e. break even).”
Agreed – its a low amenity building that unless you put a premium on a doorman, you arent getting much for your money
Plus it doesn’t look like they’ve got those ultra high efficiency wall units so your electric bill is going to be $300/mo since its not part of the HOA
“Its nicer than both”
Yeah, but 20-25% nicer?
“Yeah, but 20-25% nicer?”
Depends.
Assuming I wanted to live in this building, highly valued a doorman, didnt require a Motel 6 Wall unit w/ “Sophisticated chips” and I viewed “On Trend” as important
If SP would make me “House poor”, no
If I had the money, I’d say yes
That being said personally, having the most expensive house on the block isnt a positive
The price seems fair enough for what appears to be the nicest unit I’ve seen in this particular building. Great location, too. Problem is this building is in an awkward place where its only lake view is between two other buildings. Also, Sheridan Road right here is kind of a CTA bus canyon, not the nicest place to step out to every day.
3150 Sheridan is pretty much an exact replica of 3470 N. Lake Shore, up by Stratford. That one is the preferable one to live in, because it has direct lake views. It’s also where Cub announcer Jack Brickhouse lived. Prices there tend to be higher than here.
How does anybody voluntarily go from living in a condo with in-unit W/D to a shared coin laundry room? Same as going from an elevator building with indoor parking to a 4th floor walk up with street parking. I’d feel like I was back in college if I had to schlep my dirty undies to a communal laundry area. Not a good feeling at nearly any price point imo.
Nyet,
I totally get what you’re saying and would have said the same a year ago. But after six months living in the Hancock, where most units don’t have in-unit W/D, I’m feeling different about it.
In our building, there’s a laundry room on every other floor. For us, it’s just across the hall. We’ve found it’s actually easier and more convenient to do laundry at the Hancock then in the house we own on the North Shore, where we have to shlep loads of laundry up and down two flights of stairs back and forth from the basement.
I hated having a single communal laundry room at the lobby level of our old condo building, but the arrangement we have now is pretty good. No need to buy or tend to machines when they break. And you just put money on your laundry card at the lobby and you’re good to go for many loads. We just let the machines do their job across the hall while we hang out in our unit.
“Sheridan Road right here is kind of a CTA bus canyon, not the nicest place to step out to every day.”
But it surely is convenient. This is one of the most convenient locations I’ve ever lived in, in my life.
The apartment is beautifully redone, and is a much better-looking apartment than other MCM buildings to begin with, with its full-length plate glass windows, rather than the ugly, narrow horizontal windows so many architects of that era used.
The only flaw- and it’s pretty major, IMO, is the clutzy electric heating, which is a big add-on to the HOA, which would be very reasonable if only it included the heat. I’ve seen what these types of heating systems cost to operate, and it would be a total deal-killer for me. Also, there is no in-unit laundry, something younger buyers expect.
“The only flaw- and it’s pretty major, IMO, is the clutzy electric heating, which is a big add-on to the HOA, which would be very reasonable if only it included the heat.”
Just need to get those “Sophisticated Chips” and problem solved
This one is contingent.