What’s Selling in Southport? A 2-Bedroom at 1433 W. Addison
This 2-bedroom unit at 1433 W. Addison in a prime area of Southport went under contract just as the tax credit was expiring and just closed (in time for the end of June deadline in order to cash in on the credit.)
It was a top floor 2/2 with a balcony.
Converted in 2006, it had cherry cabinets, stainless steel appliances and granite counter tops in the kitchen.
There was central air, an in-unit washer/dryer but there was no deeded parking.
It also closed for $55,000 under the 2006 purchase price but $100 above the original list price.
Were many of these conforming loan sales simply pulled ahead due to the tax credits?
Matt Garrison at Coldwell Banker had the listing.
Unit #3: 2 bedrooms, 2 baths, no square footage listed
- Sold in May 2006 for $405,000
- Originally listed in April 2010 for $349,900
- Sold in June 2010 for $350,000
- Assessments of $258 a month
- Taxes of $5799
- Central Air
- In-unit washer/dryer
- No parking
- Bedroom #1: 13×11
- Bedroom #2: 13×12
- Living room: 27×14
- Kitchen: 15×10
wait i think i have seen this place before…..I have, i have…..IT LOOKS LIKE EVERY OTHER 2/2 FEATURED ON CC AND ALL NEW CONSTRUCTION IN THE CITY.
i say this again,
sheeple i beg of you please be unique and show you not going to stand for this anymore by keeping your money in your pockets.
there are great architects out there why are they not used?
Completely agree – I was looking for much of the last year, but couldn’t find something in that 300-400k range that fit my needs and wasn’t a new construction look-alike 2/2. Decided to wait another year (or even two), save up more down-payment money, and perhaps have some money to renovate a place that is unique but needs updating.
“there are great architects out there why are they not used?”
Because they cut into the developers profits.
I find it shocking that anyone paid $405 for this place, but that was teh market.
Maybe all the architects are hanging out around the
2200 – 2300 block of N Janssen Ave. What’s up with this little
enclave of FU houses?
I know someone who rented in this building prior to conversion. It had some nice vintage elements that would have set these units apart had they been restored and retained. But, of course, it was gutted and made into a generic 2/2. And the facade was absolutely destroyed by those balconies.
“And the facade was absolutely destroyed by those balconies.”
This might be the truth but I would much, much rather have some form of a balcony than be worried about the facade being uglified
HELLO! Anyone hear us? All the 2-bedrooms around 400K run together in my mind: bar living/dining/kitchen combo (no offense to anyone, I for one don’t want my fridge and my sofa in the same room, and that knocks out 90% of listings), cherry and stainless, the requisite balcony, fireplace, and second bedroom (all seem perfunctory as though created for the checklist). For a sophisticated city with a great history, Chicago’s condo market is disappointing. But don’t be so hard on the “sheeple.” There are few affordable SFHs to live in, so there’s not a lot of choice if your limit is $400 (or even $500).
“But don’t be so hard on the “sheeple.” There are few affordable SFHs to live in….”
but its the nature of free market and its the sheeple that cause a SFH to be unafordable and cause all the new SHYTIE BLAH construction.
field of dreams;
there was a demand, and builders supplied it, and the buyers bought it blindly and they needed was granite, SS appliances, and 50 inch plasmas above fireplaces.
No parking, and 350k? wow this bodes well for my comps… i think
“Because they cut into the developers profits.”
sad and true, i guess its easy and cheap to build a box then call it “minimalist modern” the charge a huge mark-up.
welcome to the new America!
Yup, for Chicago being known as an architectural gem, the design of of our walk-up condos and even some of the high rises is a big disappointment. It is almost like all the developers bought the same floor plans and facade designs from the same one stop shop architectural firm.
I saw one of the best constructed vintage gut rehabs a in ’08 that I had ever seen. The developer did a phenomenal job. Solid core doors, top of the line appliances, functional floor plan. He even went so far to put cement in between the floors so you couldn’t hear your neighbor walking around along with replacing the plumbing all the way out to the street. Fixed the foundation, etc. The entire building was basically gutted to the walls and floor joist.
You literally could feel how solid the construction was in this place.
Unfortunately, the sheeple wouldn’t pay for all this quality work. The property sat for a while and he eventually sold them at a steep discount.
People talk a good game about quality, etc but aren’t willing to pay what it actually cost. There is fast, cheap, and quality. Pick two…
i agree with russ
“People talk a good game about quality, etc but aren’t willing to pay what it actually cost. There is fast, cheap, and quality. Pick two…”
What do you mean by FU houses? “Bleep you” houses?
I rent on this block and am totally blown away by all the castles going up around here. Would make sense if Fullerton was more like Armitage, and the river wasn’t an industrial complex. Webster wine bar is great though…
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chichow on June 18th, 2010 at 11:44 am
Maybe all the architects are hanging out around the
2200 – 2300 block of N Janssen Ave. What’s up with this little
enclave of FU houses?
Yeah, I meant the bleep bleep houses. I should be less crude though.
There are mc Mansions and there are some really nice looking gems too. I was wondering if it was a zoning things like N. Orchard or why this particular block? I believe it is in the Mayer zone.
Is wanting “quality” the same thing as wanting something architecturally unique? I don’t necessarily need concrete between the floors, but I sure would like it if I could find more places that didn’t situate the kitchen at one end of the living room.
ALT, yes it is. It cost money to design and build something that is architecturally unique. Also, most of the market wants these open living room/combo setups. Personally, I hate them and prefer a real delineated dining room and it was a requirement when I bought my first condo. FOrtunately, we found a place that kept the original dining room and the kitchen in the back of the place away from the living room.
Open floor plans are nice until you have to cook something and that bacon fat/grease carries over into the living room… no wonder your flat screen is looking a little dull.
At last – people who agree with me that the kitchen/living/dining “great room” in modern condos has been done to death! Funny thing is…this was the setup of Ralph and Alice Kramden in “The Honeymooners” – and nobody would ever call them “yuppies.”
But why were condos, however schlocky, selling like the proverbial hotcakes at ridiculous prices in Lakeview a few years ago, Why, because of PROXIMITY TO THE CUBBIES, PEOPLE! Everyone wanted to “be there” at the moment that the Cubs finally won the Series in 2003…uh, 2007…uh, 2008…and yeah, that’s when the whole thing tanked… 🙂
“Funny thing is…this was the setup of Ralph and Alice Kramden in “The Honeymooners” – and nobody would ever call them “yuppies.” ”
And no one would mistake that TV set for a real apartment.
Seinfeld also had the same open concept, and no one would mistake even the TV Jerry for “working class”. Maybe it’s something about sets for TV sitcoms.
hahaha levering up on real estate to gain on the cubs appreciation bandwagon, now i’ve heard it all, why don’t you take out a mortgage and buy some options while you’re at it too you probably have a better chance of making money
Wow. Thank you all. I feel I have met my people (not my sheeple). 🙂
so is this place a good deal compared to all the other cookie-cutter places around lakeview?
Those balconies look hideous. Talk about a modern addition to a previously vintage building.
Wow you guys would love our place!
When we were looking I felt like all the 2/2’s in Lakeview were exactly the same! 1-no room to put a dining table and 2-kitchen in the corner of the living room! Augh, I hate that! When we found ours with a separate kitchen, den, sunroom, original hardwood floors and mouldings, and wait for it… a DINING ROOM???? We bought it on the spot. So yes there are some out there, and I’m always surprised when plain boxes like this sell. They just seem so generic and boring, without an ounce of character. But I think some people just want new.
Actually, anon, I did see a building with “Honeymooners” style apartments several years ago. It was built sometime in the early 20th Century and located in a “downscale” neighborhood (not unlike the Kramdens”). Apparently this was a popular style of “urban working class” architecture during the last century and was abandoned in favor of dedicated living/dining/cooking rooms in the mid-20th Century,only to become “upgraded” and popular again, at least with a certain segment of the home-buying population.
For myself, yes I prefer separate areas for different life-activities as well.
The ultimate is perhaps the “in-room” bathtub seen in some bedroom suites in “upmarket” properties. Honest! (At least they still have the decency to keep the “bathroom bowl” in a separate room.)
You might rethink that bath in the bedroom statement after you see this one. When we build out next place my wife expects a replica of this hand hammered copper tub in our bedroom/master bath. And this one was located in a tent! That screamed pure luxury!
http://www.fourseasons.com/goldentriangle/photos_and_videos/#image-goldentriangle-resort-CHR_007
Perhaps it’s because that was were we got engaged.
jp3, I could not see the photo, but whatever works … the hand hammered tub sounds lovely!
ChiTownGal, thanks for the history lesson. It is an effort to maximize the low square footage, I guess, but if you have everything in one big room there is no sense of space and hence no flow …
ALT If the link opens you should see the outdoor rain shower in the foreground, the tub behind that, and the bed off in the distance. I think that all my future homes will have a private outdoor shower.
BTW My wife asked me to point out that we got engaged on the property and not actually engaged in the tub. Ha ha..did not mean to imply the other visual. Sorry honey.
Oh yeah, I can just imagine all the “Cialis” jokes!