Loft Living Right Off Division: 1137 N. Wood in the East Village
This 2-bedroom duplex up loft at 1137 N. Wood in the East Village is in a prime location if you’re looking for a short stroll to the Division Street restaurant and shopping scene.
The corner unit has 13-foot ceilings and wraparound windows on the main level that leads to a balcony.
The master bedroom is on the second level which leads out to a large roof top terrace with city views.
The master bath also has an unusual feature for most condos: a big window above the bathtub.
The kitchen is big enough to put a table in and has stainless steel appliances.
Laura Rahilly at Prudential Rubloff has the listing. See the pictures here.
Unit #3H: 2 bedrooms, 2 baths, 1500 square feet
- Sold in May 2002 for $345,500
- Sold in May 2006 for $426,000
- Originally listed in February 2010 for $479,000 (includes parking)
- Reduced
- Currently listed at $469,000 (includes parking)
- Assessments of $325 a month
- Taxes of $5490
- Central Air
- Washer/Dryer in the unit
- Terrace
- Master bedroom: 16×14- second level
All that light is lovely.
Price is 10% higher than the peak of the bubble and 35% higher than 2002. Yeah right.
Totally underwhelming!
I was expecting to be wow-ed based on the description. I wasn’t.
A second bedroom that fits a twin bed. Nice for your guests.
Not sure what that landing with the small flat-screen is good for.
Bathrooms are run-of-the-mill.
The only reason there is room for an eat-in kitchen is because someone stole the island.
A not so awesome deck.
And that living room is small.
And those to-the-ceiling windows really aren’t that cool when there’s drywall from the waist down.
Sorry to be a hater. I just wanted it to be more.
“A second bedroom that fits a twin bed. Nice for your guests.”
It’s 13×12, plenty big for a second bedroom
Looks like this place was purchased about a month after I bought my place within half a block of here (also at the height of the bubble). Will be very interested to see what it sells for (if it sells). I’m pretty sure there are multiple units for sale in this building (I think there are 2-3 “for sale” signs).
This may be wishful thinking, but the neighborhood has improved incrementally in the last four years. So it might be reasonable to expect to break even or at least to not have lost too much value. I don’t know about a $43K profit . . .
Looks like a nice unit from the pictures, and I always thought it looked like a nice building.
Also, the proximity to Smoke Daddy is probably worth $100K by itself.
Gotta disagree with Jon on this one: I really like the place. Granted the price is probably too high. And that landing is strange. But the light is great (corner unit FTW), the bedrooms are reasonably sized, IMO, and I like the deck. Bit on the small side, but it’s a nice home.
“I’m pretty sure there are multiple units for sale in this building (I think there are 2-3 “for sale” signs).”
Three 3d floor units (a, g and h) and one 1st floor. Listed for 450, 470, 490(!–not a corner unit) and 405.
“It’s 13×12, plenty big for a second bedroom”
Aw, you got me on that one! It looks small. and ugly.
I hate these buildings where the top floor of a brick building is siding. More ugly.
I looked at this building and put an offer on one of the first floor units. I was outbid. It was offered at around $440, and we would have taken it for $400k, but somone else got it for $410 I think.
I like this unit better than the first floor one. Its brighter. The living room is on the smaller side in these units, but all the other rooms are large enough. This is an elevator building, which might explain the higher assments.
Great location, and I agree that it will probably sell for about its 2006 price…even though it was bought around the bubble. But this area has improved in desirability since then as well.
“Not sure what that landing with the small flat-screen is good for.”
Its a desk. The “small flat-screen” is a computer monitor. I bet the furniture its on opens up and there is a desktop computer and a slide out keyboard/mouse tray in it. That is why there is a chair next to it.
“Its a desk. The “small flat-screen” is a computer monitor. I bet the furniture its on opens up and there is a desktop computer and a slide out keyboard/mouse tray in it. That is why there is a chair next to it.”
So how are you supposed to look at “special” pictures and videos when you have to move your chair and slide in the keyboard every time someone goes up or down the stairs.
it would just break my concentration, no fun
@groove
I’m suprised they didn’t try to claim this hallways as a ‘den’ on the listing.
….and I just realized what you meant by ‘special’. That would be an awkard situation.
“Its a desk. The “small flat-screen” is a computer monitor. I bet the furniture its on opens up and there is a desktop computer and a slide out keyboard/mouse tray in it. That is why there is a chair next to it.”
My bad. What was I thinking? Of course you would want to work on the computer facing a wall at the top of a stairwell with your chair inches from the steps. Duh on me!!!
I don’t usually hate THIS much – especially when I like the neighborhood – but I just can’t fathom spending almost a half a million dollars on a place like this.
Good location and love the windows but there’s no way that those crapola finishes will justify $300+/sf.
“@groove
I’m suprised they didn’t try to claim this hallways as a ‘den’ on the listing.….and I just realized what you meant by ’special’. That would be an awkard situation.”
and wrong timing could make the situation go from awkward to WTF.
I am trying to figure out what justifies the 2006 markup, i like the place and natural light makes everyone smile. that strecth of divison is sweet (i will save yous from a grove story about divison).
i learned not to put to much weight into previous selling price but your talking 120k in 8 years and 40k in 4 years when we see that stuff is flying off the shelf at 2002/2003 pricing.
“i learned not to put to much weight into previous selling price but your talking 120k in 8 years and 40k in 4 years when we see that stuff is flying off the shelf at 2002/2003 pricing.”
More importantly, check what’s on the market, within a few blocks. . . pretty easy to move up to a 3/2 for less than this (crapola new construction 3/2, but still).
I want to like the place but it doesn’t seem very liveable. You mention the “personal computer situation” (emphasis on personal), I ask: where the heck to I put my tv.
And we’re really gonna give shout outs to Smoke Daddy, I demand kudos for Phylis’– along with the packaged goods place and Gold Star, the last bastions of the (bad) good old days on division st.
I love this part of town but this place was kinda underwhelming, that living room while bright, looks really small, kitchen sucks (but who needs a kitchen when theres so many awesome restaurants around?) Everything else is sorta bleh
I would totally pay like 400k for this but im thinking that 480k is a little steep.
Oh my god, the three things I hate most:
Kneewalls under the windows
corner fireplace
exposed cheap as* ductwork.
dull as dishwater.
$299K max with a closing credit of $25K to hide the duct work.
P.S. Gold star is still awesome, one of the few places I have ever seen to have Megadeth’s – Rust in Peace album in their juke box. And they have cheap beer every night
GOOD LUCK selling anything in Chicago for more than what you paid in 2006!!!
I have not been to Gold Star since the “bad ‘ol days”. I’ve been meaning to check it out since I live not too far now. Maybe I’ll slide over this weekend and reminisce.
I used to go there in college. I still go sometimes. I see kids the age I was when I started going there. Then I see another me across the room. Rapidly approaching middle age, thinning hair, still thinking we’re cool but with our briefcases hidden under a table somewhere. Time moves on but the Gold Star remains.
Alanon, you summed it up well. . . though, in public, I will continue to assert that it actually was cooler back then.
And, I confess, if someone could replicate Czar Bar, circa 1995, I would find a way to haul my ass over there (child endangerment charges be damned).
Cribchatter
http://cribchatter.com/?p=8201
Old Town Crilly Court.
Per Sabrina.
July 2007 467k.
April 2010 499k.
I don’t know how much was put into upgrades.
I’d do the same for Dreamerz SquareD but I’d have to wear a hat and leave the briefcase at home.
This place in Magnolia Glen, very close to Senn HS, looks like will close above the 2007 price! (Perhaps some upgrades, but I don’t think so) You never know who will fall in love with your place…
http://www.redfin.com/IL/Chicago/1359-W-Thorndale-Ave-60660/unit-3/home/13409259
Rather amazing coincidence that I happened to go to EveryBlock today and noticed this, since I only go to EveryBlock when I am REALLY looking to kill a few minutes. Anyway, unit F2 just sold on March 31 for $477K, assuming this is reliable:
http://chicago.everyblock.com/property-transfers/by-date/2010/3/31/2967319/
DREAMERZ! it’s a “nick’s” now. I was a regular for ages there.
If this was a condo in lincoln park, it would be slammed by crib chatter for being over priced-or never even made it on here in the first place. But this obsession with lofts is starting to wear thin. I owned a WP loft for 6 years, and although they are a good investment because you can always find some sucker to over pay because of the ‘cool’ factor. They’re hell to live in. Horrible sound transfer between floors, dusty all the time from brick and mortor, hot in summer, cold in winter, etc.
“This place in Magnolia Glen, very close to Senn HS, looks like will close above the 2007 price! (Perhaps some upgrades, but I don’t think so) ”
Well, they certainly decorated it*, and some people will pay good money for someone to come pick colors and paint for them, so if one thought every room looked perfect, then that’s worth something to that person.
*at a minimum. Kitchen prob got new light fixtures and other little stuff, too.