A 2-Bedroom Tri-Level Townhouse in Southport for $565,000: 3618 N. Lakewood
This 2-bedroom tri-level townhouse at 3618 N. Lakewood in Southport came on the market in August 2022.
This complex was built in 1995 and has 9 units, garage parking and a shared rooftop deck.
The main level has an open floor plan with the living room, dining room and kitchen along with refinished hardwood floors.
It has an “updated” modern kitchen with white cabinets, stainless steel appliances, a white tile backsplash and stone counter tops, along with a peninsula with seating for 3.
The second floor has 2 skylights and both bedrooms which have custom closets and a shared “new” bath.
The lower level has a family room, a “redone” full bathroom with a new vanity and marble tile, a large laundry room which also has extra storage or which can be used for an office area.
It doesn’t have private outdoor space but there is the shared rooftop deck.
The townhouse has central air and garage parking for 1 car is included.
This townhouse complex is in the middle between Wrigley Field and the Southport Corridor, with its shops and restaurants. Both the brown and red line trains are nearby, as well as multiple bus routes.
Originally listed in August 2022 for $585,000, it has been reduced $20,000 to $565,000.
With the West Loop so hot with Millennials, is a Southport townhouse still in demand?
Steven Glick at @Properties Christie’s has the listing. See the pictures and floor plan here.
Unit #G: 2 bedrooms, 2 baths, no square footage listed, tri-level townhouse
- Sold in April 1998 for $255,000
- Sold in September 2003 for $385,000
- Originally listed in August 2022 for $585,000
- Reduced
- Currently listed at $565,000
- Assessments of $100 a month (includes water, insurance, snow removal)
- Taxes of $10,107
- Central Air
- 1-car garage parking
- Fireplace
- Skylights
- Bedroom #1: 13×13 (second floor)
- Bedroom #2: 13×9 (second floor)
- Living room: 14×9 (main level)
- Dining room: 13×11 (main level)
- Kitchen: 11×7 (main level)
- Den: 14×10 (lower level)
- Family room: 14×12 (lower level)
- Foyer: 7×4 (lower level)
$100k + $4200/mo? All I can think of is Lee Elias rant
“September 2003 for $385,000” + CPI = $617k
These people are *killing it* with Bobbo’s theory of “outsized appreciation”.
Here’s the best possible comp, sold last year (Mar-21):
https://www.redfin.com/IL/Chicago/3618-N-Lakewood-Ave-60613/unit-F/home/13382790
$526k. And somehow has a 12.5% lower assessed value, worth ~$100/mo until it gets figured out. To match the P+I of that one (@3.5%) at current rates (6.5%) would need to sell for ~$445k.
Only time 3 levels make sense to me is when there is at least 2500 sq ft. of livable space. Otherwise, every floor feels cramped.
How much do people think 2-bedroom apartments are renting for that have w/d, central air and parking?
A lot of you are really out of touch.
I’ve yet to see an apartment that requires a six-figure security deposit and charges a $30,000 move out fee.
“How much do people think 2-bedroom apartments are renting for that have w/d, central air and parking?”
This is a horrible comp to an apartment. In addition to the points by TFO, has anyone lost money from renting?
You can rent a 2BR @ Wolf Point East for less than the montly nut on this place
“A lot of you are really out of touch.”
Maybe lay off the happy juice at lunch, eh?
“You can rent a 2BR @ Wolf Point East for less than the montly nut on this place”
Nah.
“You can rent a 2BR @ Wolf Point East for less than the montly nut on this place”
Those 2-bedrooms are 1,000 square feet. This is about 1700 and has a garage.
“I’ve yet to see an apartment that requires a six-figure security deposit and charges a $30,000 move out fee.”
You haven’t seen what is going on in NYC. Just saw one influencer talking about the $15,000 move IN fees on a $4500 place. Lol. Insanity. And it was a 1-bedroom in Brooklyn at that.
But yeah- Chicago doesn’t have fees like that. Thank goodness. Chicago is a real deal. It’s the real thing and that’s why we’re not going to have a big collapse. Still have high salaries but just so much more affordable.
“ “You can rent a 2BR @ Wolf Point East for less than the montly nut on this place”
Nah.”
Yes – https://wolfpointeast.com/find-your-home#nestio-listings
Do you ever get tired of being a fool?
“ Those 2-bedrooms are 1,000 square feet. This is about 1700 and has a garage.”
You are off your rocker thinking this is close to 1700sf. You think the space is 40’ deep? Lol
It’s closer to 1300 including the lost space from the 2 sets of stairs.
Where’s the garage? listing notes I garage parking space.
You are a bad drunk
Older listings in the building say its 1700 square feet.
There’s a full built out lower level. It’s not even in the same league, square footage wise, as Wolf Point East 2-bedrooms. A 3 bedroom though, would do it. But that’s not costing you $4500 a month.
Really, just stay in Indiana and quit commenting about things you don’t know about in a city far, far away. It’s so tiresome JohnnyU. Truly. At least contribute SOMETHING to this site other than “this property sucks” and saying I’m drunk.
It’s old and tired. Again.
I will delete your bullying comments. Which are, unfortunately, all too often.
Again, the 3-bedroom unit in Wolf Point is 1700 square feet and is renting for $7300 a month. That’s the equivalent square footage to this unit.
It’s much cheaper to buy this townhouse, even with higher rates. And there are plenty of DINKs out there who can easily afford this townhouse.
Pointing out that you are blatantly wrong is bullying?
And realators are such paragons of truth when listing SF, LOL
This place isn’t 1700sf. Look at the floorplan and tell me how you get to 1700sf. I won’t wait because it can’t be done honestly.
Imo 1150sf on 1 floor is better than 1350sf (not discounted for the stairwells) on 3.
The amenities at WPE are 100X better than this place
You’re just embarrassing yourself at this point
“You haven’t seen what is going on in NYC.”
Who cares about what’s going on in NYC??–if you want to talk about NYC, go to an NYC real estate blog.
This is a discussion about CHICAGO real estate.
All real estate is local!! I learned that here, on the CC.