Waiting For a Buyer For This Sprawling 4-Bedroom Vintage Condo: 411 W. Briar in Lakeview
We last chattered about this huge 4-bedroom top floor vintage unit at 411 W. Briar in East Lakeview in August 2009.
See our prior chatter and pictures here.
It is still on the market and has been reduced by $40,100.
It is now also $40,100 under the 2006 purchase price.
The building was built in 1920. The unit has good vintage bones, including hardwood floors throughout, a dining room and a sunroom.
It has central air and an in-unit washer/dryer but parking is leased.
The notes for this weekend’s open house says it is wonderful space that needs some TLC.
Claire Sylvestre at Prudential Rubloff still has the listing. See more pictures, the virtual tour and the floor plan here.
Or see it in person at this weekend’s open house on Sunday, Nov 22, from 1:00 to 3:00.
Unit #3D: 4 bedrooms, 2 baths, 2600 square feet
- Sold in March 1995 for $267,500
- Sold in August 1997 for $265,000
- Sold in March 2006 for $535,000
- Was listed in August 2009 for $535,000
- Reduced
- Currently listed for $494,900
- Assessments of $901 a month (includes heat, tv/cable, security system)
- Taxes of $5822
- Central Air
- Washer/dryer in the unit
- No parking (leased)
- Bedroom #1: 17×13
- Bedroom #2: 14×14
- Bedroom #3: 14×13
- Bedroom #4: 10×9
I hate to see a seller underwater, but man that is a lot of money. Even the assessments would break my bank.
I like the size of the unit and the location, but thats honestly where it stops.
Kudos to the 1997-2006 owner! Not only did they take advantage of a much greater fool, they also avoided paying any taxes on 93% of their 270k gain. I love our tax code and our government policies–during this bust the powers that be aren’t even mentioning that they might have had something to do with this huge bubble and subsequent burst.
No parking, no outdoor space, high assessments… Just can’t make it work for that price.
” they also avoided paying any taxes on 93% of their 270k gain.”
I bet they (1) could document $20k in investment or (2) were a couple, and paid $0 in tax on the gain.
that kitchen needs some color, knock $150 off the price for paint.
I am still gung-ho on this place i might swing by the open house to see WHY it hasnt sold. i truely cant believe no parking could have that much of an impact of not selling?
it not the no parking its the carrying cost more than the 50th story place.
yeah its smaller, but still.
For that price it needs a new kitchen as well. Blegh.
Have you ever tried street parking in East lakeview? It is the worst and by worst I mean you can spend 2 hours and not find a space within a 4 blocks on a Friday evening.
Also I think this close to the lake it isn’t even zoned 383. Where I live its zoned 383 and its difficult enough, without zoning I can’t imagine competing on the weekend with peeps coming in from Schaumburg for their city experience. Then they goto Clark St dog and think its the best thing in the world lol.
Sonies, the only time I try parking there is on Wednesday evenings– half off all beer at Wilde (W. Briar dead ends into it). $10 Delirium Tremens and Chimay for $5? You can’t touch that deal anywhere else in Chicago…
$10 delirium tremens?
Dude you need to stop by the Map Room, that is a rip off!
i second map room
Although I live like a block away from Wilde I’ve never been because it is indeed a huge ripoff. I suppose its a nice place to drink if money isn’t a concern.
Meh it appears its not a huge ripoff on Wednesdays. Maybe I’ll check it out.
Wilde has great food, including one of the moistest roast chickens around. Of course, Duke of Perth still has them licked for fish & chips.
Yes, Duke of Perth is king of F&C.
No, Delirium Tremens are $5 on Wednesdays. No where else in Chicago will you find half off *every* beer. The food is a rip-off, I agree.
And The Map Room is good for their selection and bad for obnoxious, puking college kids.
Anyone here ever spend any time in Atlanta? If so, The Brick Store is perhaps the greatest bar I’ve ever been to.
1/2 off their extensive late night menu Fridays and Saturdays? I think I’ve found a replacement for the burrito hut when stumbling out of Murphys or Tuck.
“No, Delirium Tremens are $5 on Wednesdays”
That’s a good deal then, I thought you said they were $10
You can barely buy DT at the liquor store for under $4 a bottle.
Give Paddy Longs a try on Diversey west of Sheffield. They have Delerium on draft and Chimay in bottles They have pretty good food as well.
“Have you ever tried street parking in East lakeview? It is the worst and by worst I mean you can spend 2 hours and not find a space within a 4 blocks on a Friday evening.”
i think i said this on the previous chatter for this place. there is no need for a car in this area and when you do need a car use ZipCar.
“i think i said this on the previous chatter for this place. there is no need for a car in this area and when you do need a car use ZipCar.”
Stop hating on car culture dude. I live in ELV and I have/need a car for work. Just be prepared to pay for parking. Its getting cheaper you can now find parking spots for like $100/month it used to be $200.
Really cars are only a big expense for people that work at Subway. Beater car: 3k, monthly insurance: $50 (full coverage), $180 in taxes/fees/parking permits = $15/month, parking: $125.
I have a decent car and my monthly nut comes in at under $200 in direct expenses. Not at all a big deal compared to what people spend on rent in this city.
“Stop hating on car culture dude”
its not that i hate on it, its just that it is over used. nowadays if there are three people in a household all three have a car. now out where i live i can see that but in highly dense areas with GREAT public transportation and everything you need within 5 blocks i dont even think that that same household need one car.
its just my opinion.
One car per household is fine in the city agreed. The freedom of mobility that having even one car is infinitely more than zero cars.
Seriously you’re pretty limited without a car. What if you like shopping at CostCo? Sorry but theres no Metra stop right there, dude.
What if you like visiting old Aunt Nelly out in the burbs? You probably definitely don’t want her driving into the city to come see you. What if you actually have a job that requires a car?
Not having a car sucks donkey balls and you all know it.
“What if you like shopping at CostCo?”
zip car ever other week
“What if you like visiting old Aunt Nelly out in the burbs?”
ZipCar once a month (to save cash roll a costco visit in)
“What if you actually have a job that requires a car?”
i can see that situation
“Beater car: 3k, monthly insurance: $50 (full coverage), $180 in taxes/fees/parking permits = $15/month, parking: $125.”
You forgot gas + maintenance for that beater car, not to mention a new tire or 2 per year thanks to potholes, the monthly tickets for getting screwed by a red light camera, or street sweeping, So um… its gonna cost you almost as much as your studio rent to have a car in the city.
“Not having a car sucks donkey balls and you all know it.”
Only on those rare occasions but i’d say not really. It really depends on where in the city you live and where your job is! Its a great excuse when you don’t want to visit your toolbag college frat friends that settled out in Mt. Prospect or your parents in the burbs.
I haven’t had a car for 5 years and I really enjoy the 800-1000 a month extra in my pocket by not having one… hell over 5 years that’s $48,000!!!
“I haven’t had a car for 5 years and I really enjoy the 800-1000 a month extra in my pocket by not having one… hell over 5 years that’s $48,000!!!”
I hear what you are saying. There is 1 major advantage to not owning a car. Saving money. However, when its 7 degress outside in January and you are hiking through snow and slush to get to a cab or a zip car, it makes you wonder if the savings is worth it.
“when its 7 degress outside in January and you are hiking through snow and slush to get to a cab or a zip car, it makes you wonder if the savings is worth it.”
and whats the difference when you live in a highly dense area and have to walk a block or two to the parking garage?
Oh yeah, I own a nice, newer Mercedes and my cost per month with EVERYTHING is still under $800 so I’m not sure how you figure owning a more modest vehicle would cost that much. I suppose if you park like a moron it could add up.
“and whats the difference when you live in a highly dense area and have to walk a block or two to the parking garage?”
I would never live in such a place. One of the top 3 reasons I chose my unit was the attached heated garage.
“newer Mercedes and my cost per month with EVERYTHING is still under $800”
WTF,
you say newer so i will asume a 2 year old car. one more year your warranty will be over. at that time you will not be saying $800 a month. wait to one thing goes wrong with your beloved merc. labor rate $175 and hour parts $1.2mil for an O2 sensor.
As I said before here I had a POS acura integra that was costing me 800 a month, 200 pmt, 200 insurance, and 400 for gas + maint + tickets (since there was only street parking available or $225 a month parking in my building)
“I’m not sure how you figure owning a more modest vehicle would cost that much. I suppose if you park like a moron it could add up.”
Sonies assumed *monthly* parking/red light tickets. And ~1.5 tires per year.
So, $300 (purchase amortization over 5 years–maybe a bit high), $200 (parking), $100 (insurance), $100 (tickets), $25 (tires), $50 (gas), $15 (tags, etc) = $790, before maintenance.
“200 insurance”
You turned 25 and got maried since then. Cut it in half.
I went with no car for 10 years; had (and actually still maintain) a iGo subscription for the last 4. Finally broke down this spring but loved the freedom. I will concede that getting to burbs is damn easier now with a car.
The biggest surprise of having a car in the city is how much more drive through fast food I consume, going from basically zero. I’ve even left the house to drive through on purpose rather than walking to a local sub shop etc.
“your beloved merc”
Its far from beloved. Ive had numerous issues with it. Its kinda like having a gorgeous girlfriend who is lousy in bed.
“You turned 25 and got maried since then. Cut it in half.”
Sadly I was 25 when I had that rate, I guess the Integra was a ‘high theft’ vehicle because it shares parts with honda civics or some crap like that. But still, I won’t have a car for a long time. I can afford quite a lot of nice electronics and good meals with that kind of coin every month.
And 7 degree January weather doesn’t make me wish I had a car (yay waiting for car to heat up?) It makes me wish I lived somewhere else!
But anon pretty much calculated it, like I said $800 was the conservative side of the cost. I’m real strict with my budgets and expenses so I know how much it costs to have certain things!
“I’m real strict with my budgets and expenses so I know how much it costs to have certain things!”
Lose the nice electronics and the good meals and you could pick up a mistress or a coke/hooker habit.
i had an integra, cost 150 including everything except gas. (ins was 50 of that). nice little car.
however, i did not live in lakeview and had easy parking.
also had a bmw. what a money pit that was.
“Its far from beloved. Ive had numerous issues with it”
I here ya bro, i had a beloved jag S-type R, the thing was magical until it needed repairs once i had too things go wrong in a month, that same month i traded it in for the sad/lifeisover/blah family sedan.
wicker,
that is the funiest true thing i heard today
“The biggest surprise of having a car in the city is how much more drive through fast food I consume, going from basically zero. I’ve even left the house to drive through on purpose rather than walking to a local sub shop etc.”
*two not too
“Lose the nice electronics and the good meals and you could pick up a mistress or a coke/hooker habit.”
Sorry but I get much more marginal utility from a nice subwoofer than a hooker (mainly because I can’t afford the coke AND a HQH)
thing about suburban driving: you’re forced into it b/c cabs and public trans is spotty, then the local popo goes all out trying to catch drivers “under the influence”
Mt Prospect cops used to have what they called “mexican cowboy hat night” where they’d pull over latinos wearing cowboy hats because these fellas tended to blow over the limit.
“they’d pull over latinos wearing cowboy hats ”
Do any white/black/asian folks driving thru MP wear cowboy hats?
If so, *really*?
I live right by this place and the area is boring as hell. If I didn’t have a car to go to more interesting neighborhoods (and get away from all the city bullshit once in a while), I would go absolutely insane.
What’s the big attraction with living by the lake? It just a big body of water. I’d rather be further west where there’s actually stuff to do.
“Its a great excuse when you don’t want to visit your toolbag college frat friends ”
I like visiting them but their wives hate me. 😀
“You forgot gas + maintenance for that beater car, not to mention a new tire or 2 per year thanks to potholes, the monthly tickets for getting screwed by a red light camera, or street sweeping, So um… its gonna cost you almost as much as your studio rent to have a car in the city.”
Only if you’re a moron. I pay for parking spot=no tickets from street cleaning or parking. I have things to obscure my license plate from those damn cameras (not sure if they work but after first couple of red light tickets I broke down and got them=no more RL tix but maybe thats cuz I’m way more careful now).
Gas and maint I’ll give you. My old beater car had maint of maybe on average $70/month, lets assume gas of $80/month. Still at only $350/month.
“Lose the nice electronics and the good meals and you could pick up a mistress or a coke/hooker habit.”
Sorry but I get much more marginal utility from a nice subwoofer than a hooker (mainly because I can’t afford the coke AND a HQH)”
If you’re implying you have a cola habit you should know as you get older it becomes more of a game of playing Russian roulette with your heart. Know what the easiest and most effective way most people quit that habit? A heart attack is my guess.
anon i dont know if you’re calling bs or just surprised as my internet fluency isnt all that. but yeah, there is part of mp south off busse that has a lot of apts with new immigrants. some of them like to go out on the town wearing cowboy hats. I heard about the cops pulling them over from a relative who lives there. but it’s also written about, pretty much verbatim with what i said surprisingly, here.
http://www.roosevelt.edu/paralegal/documents/InBriefNewsletterFall07_000.pdf
key quote: “police targeted Hispanics for traffic stops, particularly men wearing cowboy hats.”
ah, a reread your post and i see you were pointing out a redundancy.
could be some Appalachians in mp who do 🙂
Cops profile, no surprise, and it works, sadly.
I went 9 years without a car in Chicago, it can be done, but its much eaiser to do when young.
My household decided to go down to one car this past week. One car broke down and the cost of repair is greater than the value of the vehicle. The spouse and I looked at each other and asked, how many times in the past year have we simultaneously used both vehicles? The answer was zero or one, we can’t remember. We take public trans to work and often enough out when out on the town. So now we’re going to share my car instead. We’ll see how well it works out.
This is a beautiful, huge apartment in one of the city’s great neighborhoods, and I’m really surprised to see it under $500K, even with the assessments. Am familiar with this building, and this apartment is really gigantic.
Lakeview is expensive because it is a New Urbanist dreamland, a neighborhood that seems designed for walking. You’re really better off without a car, and the only reason you need one at all is that so many jobs have located to the burbs in the past 30 years, which is a tragedy.
I’m not young but I absolutely LOVE life without a car. I ended my slavery to cars when I moved here and settled in Lakeview 22 years ago.
I think what ruined car ownership for me was dealing with car salesmen and car mechanics, the lice of the planet. I got mauled every time I had to make a repair. But the Minsky Moment came when I had to ransom my car out of the city towyard, because I wanted to park close enough to my St. Louis apt not to get garroted walking from my car. The parking lot was free, but it was too far from the building.
“I ended my slavery to cars”
Ended slavery to cars = slavery to Lakeview. Yes its true and you know and can’t deny it. I don’t enjoy driving either, but the flexibility is key.
“I moved here and settled in Lakeview 22 years ago. ”
Thought you lived in RP? You certainly know more about it than any LV resident I’ve _ever met_ if thats not the case.
If you are smart about your car purchase it needn’t be prohibitively expensive. Sorry to say but idiots buying cars without reading Consumer Reports or even Yahoo autos are indeed idiots buying cars. If you aren’t an idiot like them you probably won’t buy a car with a projected huge maintenance bill like them. I have zero sympathy for Bimmer owners who always seem to complain about their money pit cars. Earth to Bimmer owners: its not a _newly discovered fact_ that they are expensive as heck to maintain.
Although I do laugh and take comfort in the fact that this entire blue state metro area does seem to be very antagonistic towards drivers. Look at all of the examples that really demonstrate this: parts of the busiest highways go down to THREE LANES, the tollway system, the city sticker, the neighborhood permit sticker, red light cameras, towed after 2 tickets, etc.
I laugh at the democrat voters who keep voting in these losers who seem to be waging a war on drivers. I’m smart enough to keep my driving expenses to a minimum but I know most of these D voters aren’t and the reason they can’t drive is because they’re too stupid to stay abreast of the beast they created via their voting.
And another side point is the tollway ONLY applies to Chicagoland drivers in Illinois. The conservative corn-belt rest of the state isn’t stupid enough and wouldn’t stand for an unfair form of taxation and a traffic jam like the tollway. Only idiots like around here who don’t understand a gasoline tax is a much more efficient and equitable way to allocate roadway expenses keep voting in the current politicos.
Voters in Chicagoland are, on the whole, dumb as shyt and it so shows. Maybe most are smart but that breaks down to: conservative voters and people with a vested interest or on the take from the status quo (unions, etc). There are far too many idiot D voters in Illinois who aren’t on the take but vote according to what the TeeVee tells them to think.
Ditto the “slavery to Lakeview” comment. My husband doesn’t drive = we live in Lakeview. Which is fine, but “New Urbanist dreamland”?!? Ever been to Manhattan or Soho in London or anywhere in Tokyo or Paris? Lakeview is walkably suburban in feel. Old Town or River North is closer to “a New Urbanist dreamland”.
i rather be like tokyo than paris good urban planning green space like chicago.
not looking for sympathy on the bmw money pit. just spreading the word: no reason to own a bimmer if unless you really love it and like burning through cash. esp if you’re not single.
buy a honda, or toyota…acura or lexus if you want to be fancy.
revassal… I am fairly certain that Paris is actually the greenest major city in the world…
well one of the greenest. 4th in 2007.. all the lists are different.. no standard for comparing i guess. Not that important anyway.. too hot here, off to the beach. ciao!
“you were pointing out a redundancy”
Sort of–I was really wondering why they were so stupid as to pull over “hisapnics” instead of “anyone wearing a cowboy hat”, b/c the first may be somewhat suspect while the 2d is *completely* neutral. I was (seriously) wondering if there were a bunch of hat wearing white folk the MP PD was trying to protect.
So did anybody go to the Open House?
checked with my mp connection. apparently my memory embellished the story. it was just called cowboy hat night but the basic theme was sat nights they’d follow latinos (or “anyone” as you correctly pointed out”) wearing cowboy hats to see if they drove erratically.
thx CH. MPPD is apparently not egregiously dumb, and MP is not home to a secret neighborhood of Cowboys.
“MP is not home to a secret neighborhood of Cowboys”
sadly