3-Bedroom Benjamin Marshall Penthouse is Back at $485,000: 1544 N. State Parkway in the Gold Coast

This 3-bedroom at 1544 N. State Parkway in the Gold Coast came on the market in March 2026.

But if it looks familiar, that’s because we’ve been chattering about it since 2019. It has never sold.

The last time we chattered about it was in August 2023. Back then, the listing called it a maisonette, which anon(tfo) disputed. Some of you also had an issue that it was called a “penthouse.” Otherwise, many of you wondered who was going to live in the Gold Coast anymore.

You can see our 2023 chatter here.

1550 N. State Parkway was designed by Benjamin Marshall in 1912 and has just 32 units. It’s exterior is covered in limestone and it overlooks Lincoln Park.

The building has 24/7 door staff, bike storage, an exercise room, a common rooftop deck, a wine cellar, a guest apartment and walk-in storage units. There’s no parking.

But remember, this unit is in 1544 N. State Parkway, the shorter side building that is seen above in my poorly taken picture. There are 2 units in that building which share the courtyard in the front. These units have 2 separate entrances, either through the landscaped courtyard or through the building’s lobby.

This unit is the top floor penthouse.

If you recall, the unit had sold in an auction from the bank in 2016. It was then renovated with a new kitchen and baths and put on the market. It doesn’t appear to have any of the original vintage features but there is crown molding in the living/dining/kitchen.

It has a bespoke kitchen with modern cabinets and a 10’4? island with slabstone top. It has a 60? Thermador, 48? Wolf 6 burner range oven and Macauba stone countertops.

This kitchen has 2 islands with 2 separate sinks. The second island is a wet bar with a built-in wine chiller.

There are 7 inch wide plank hardwood floors throughout the main living areas.

The primary bedroom has an en suite bath with heated floors and a steam shower.

The second bathroom also has heated floors.

This unit has some of the features buyers look for including a side-by-side washer/dryer in the unit and space pac cooling. There’s no parking, however.

This building is adjacent to Lincoln Park and is near the shops and restaurants of Old Town and East Lincoln Park. There are several bus lines nearby. North Avenue Beach is a short stroll away.

You may recall, the unit was originally listed in May 2019 at $1,049,999 but never sold and was withdrawn. It was on the market in August 2023 for $649,000.

It is now listed in March 2026 for $485,000.

Is this a deal? Is it finally going to sell this year?

Amir Fouad at @properties Christie’s has the listing again. See the pictures and floor plan here.

Unit #A3: 3 bedrooms, 2 baths, 1800 square feet

  • Sold in January 1988 for $289,000
  • Sold in June 1997 for $335,000
  • Sold in April 1999 for $442,000
  • Sold in January 2004 for $865,000
  • Sold in July 2006 for $950,000
  • Originally listed in November 2009 for $1.135 million
  • Lis pendens filed in May 2011
  • Sold in March 2016 for $413,500
  • Originally listed in May 2019 for $1,049,999
  • Reduced several times
  • Withdrawn in 2021
  • Was listed in August 2023 at $649,000
  • Re-listed several times
  • Currently listed at $485,000
  • Assessments are now $2021 a month. They were $2764 a month in August 2023. Could they have gone down?
  • Assessments were also $2169 a month in April 2020 and $1947 a month in 2012 (includes heat, gas, doorman, cable, exercise room, exterior maintenance, lawn care, scavenger, snow removal)
  • Taxes are now $24,943 (they were $23,773 in August 2023)
  • Taxes were $21,887 in April 2020
  • Taxes were $20,588 in December 2019
  • Taxes were $13,484 in July 2012
  • Space Pack air
  • In-unit washer/dryer
  • No parking – rental nearby
  • Decorative fireplace
  • Bedroom #1: 14×17
  • Bedroom #2: 14×13
  • Bedroom #3: 11×8
  • Living room: 23×17
  • Dining room: 17×11
  • Kitchen: 16×22
  • Laundry: 11×7

One Response to “3-Bedroom Benjamin Marshall Penthouse is Back at $485,000: 1544 N. State Parkway in the Gold Coast”

  1. Last sold for $413K in 2016 pre-Reno. ouch.

    Anyone know the story behind this little building — was it a workers’ cottage?

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