The $599,900 Lakeview 2/2 with Garage Parking at 1165 W. Eddy
This 2-bedroom in 1165 W. Eddy in Lakeview came on the market in October 2022.
Built in 2015, 1165 W. Eddy has 6 units and attached garage parking.
The listing says the building is all brick and limestone.
This unit has an open floor plan with crown molding, custom millwork, hardwood floors throughout and a gas fireplace in the living room.
The Chef’s kitchen has 42″ white cabinets, quartz counter tops, a peninsula with seating for 2, a glass subway tile backsplash and Subzero and Wolf appliances.
There’s space for a dining room.
The primary suite has an en suite bathroom with heated floors, a double sink and an oversized steam shower with body spray, but no tub.
It has outdoor space, with a terrace off the front of the unit accessed through the living room.
The unit has the features buyers look for including central air, washer/dryer in the unit and garage parking.
This unit is in the middle of Lakeview, near Wrigley Field, Southport and both the red and brown line.
Listed at $599,900, that’s the same listing price as #2W listed at in June of this year. #2W went under contract within 2 weeks and closed in August 2022 at $583,750.
See that listing here.
Will #2E sell with the same speed just a few months later?
Megaan Pelaar and Karen Hood at @properties Christie’s have the listing. See the pictures and floor plan here.
Unit #2E: 2 bedrooms, 2 baths, no square footage listed
- Sold in March 2016 for $558,000 (according to Redfin)
- Currently listed at $599,900 (garage parking included)
- Assessments of $159 a month (includes water and insurance)
- Taxes of $12,921
- Central Air
- Washer/dryer in the unit
- Fireplace
- Bedroom #1: 15×13
- Bedroom #2: 11×10
- Living room: 19×13
- Dining room: 14×8
- Kitchen: 14×10
- Laundry room: 3×3
- Balcony: 17×6
Someone forgot to tell the sellers that ChiRE is up 20% in the last 2 years
That’s not limestone
I never get tired of seeing high end appliances in middling homes
Milquetoast is the best adjective. Perfect for a NPC or someone relocating from Iowa City
“located ideally on a one-way tree-lined street”
that drops you onto Clark St right next to the stadium and there’s a parking deck across the street.
We’ve talked about this building, and location, many times over the years because there used to be 2 cute cottage houses on this location which were bought, torn down, and this 6-flat put up. We’ve chattered about both the cottages and this building.
And every time we talk about the parking structure across the street. Lol.
It hasn’t stopped sales though.
Unit downstairs from last year:
http://cribchatter.com/?p=27555
$957k in Jun-21.
Here’s our discussion of the “luxury” 6-flats that were going up in 2015-2016 in Lakeview and Lincoln Park, including this building.
Includes a picture of the parking structure across the street.
http://cribchatter.com/?p=23009
“That’s not limestone”
what makes you think it isn’t from the picture?
Its cast
This one will sell for less than the other recent 2/2 sale in the building because of higher mortgage rates and the seller in this case has furniture sized for a suburban home. It makes the unit feel really tight. The other listing made the unit feel larger….If this lingers on the market they should put some of their stuff in storage and re-shoot the photos. My guess is this sells for $560K-ish. What little price appreciation one can eke out of a 2/2 condo in a post pandemic world with rising rates was just eaten up by those rates.
This floorplan is like so many from the era. It bothers me that you walk in the front entrance and you’re immediately in the main living area. No alcove, no hallway, let alone a foyer. Not even a coat closet.
“Not even a coat closet.”
A complaint with a storied history on CC.
But one that is not accurate for this unit–coat closet is around the corner, behind the couch.
reduced to $587,900 and now contingent.
“reduced to $587,900 and now contingent.”
How could that be anon(tfo)? The “buyer” can’t afford another $1000 a month in mortgage payment. Who is buying it?
(sarcasm)
Well, the Seller is losing money in nominal terms, after transaction costs, from their purchase 6.5 years ago…
How could *that* be, since Chicago RE is up 20% in the last two years alone?
Oh, and Mar-16 + CPI = $698k. Over $100k behind inflation.
“How could *that* be, since Chicago RE is up 20% in the last two years alone?”
It is? That would be fantastic for everyone in the Palmolive then.
Whoops.
Suburbs definitely won big during the pandemic. First time in 20 years that’s been true. I hope the Baby Boomers all got out and moved down to Florida with their cash.
By the way, Cook County ranks third in the country for the percentage of people owning their homes outright (no mortgage.) Nearly 30% of all homes. We just sit in our homes, apparently, and never sell. They may not appreciate like other areas but we still manage to build wealth anyway.
Also, I think it’s hilarious that all the bears on this blog are still insisting that no one has made any money in Chicago over the last 2 years on their property.
You all are good for a laugh.
I think the housing market that we’ve known for the last 20 years is going away and isn’t going to come back for 10+ years. Inflationary pressures are here to stay for years. People will make different decisions. May decided it makes more sense to buy, than to rent as rents keep rising. At least with buying, you are locking in your monthly payment, more or less.
Will be interesting to see what changes will come. I still think some of these apartment high rises will be turned into condos.
Let’s go right to the absurd extreme when you can’t defend your thoughts
I can’t figure out who is wrong more often: Sabrina about real estate or Jim Cramer about stocks.
Assessments of $159 a month (includes water and insurance)
The buyer should be prepared for 2x / yearly specials. $159 is waaaaaaaay to lean so anytime anything happens it’s going to be a special (broken lock, carpet cleaning from pets, frozen pipes, roof replacement an so on)
“I can’t figure out who is wrong more often: Sabrina about real estate or Jim Cramer about stocks.”
Well, Jim is a multi-millionaire former hedge fund manager who now brings in $10 million+ writing a newsletter and books so I will gladly be compared to him. Thanks MikeHG!
Clowns like clowns