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A 3-Bedroom Built in 1881 With 2 Fireplaces for $575,000: 122 W. Delaware in the Gold Coast

This 3-bedroom in 122 W. Delaware in the Gold Coast came on the market in May 2023.

Built in 1881, 122 W. Delaware has 8 units. It does not have an elevator and there’s no parking.

This is a top floor unit.

It has hardwood floors throughout and some of its vintage features including moldings and medallions.

There are two fireplaces: one in the living room and a second in the primary bedroom.

There’s a large eat-in kitchen with a pantry.

We have chattered with this building previously. Some of the other owners have changed the floor plan by removing walls and moving the purposes of certain rooms like moving the living room to one of the bedrooms.

There’s central air but it doesn’t look like there is a washer/dryer in the unit.

The unit has a shared balcony.

The building does not allow dogs or rentals but cats are okay.

It’s near the shops and restaurants of the Rush Street corridor and isn’t far from River North or Michigan Avenue.

The listing says: “This space awaits for your ideas and personal touches.”

Listed at $575,000, will they get this price in 2023’s market?

Pamela Cirignani at Dream Town Realty has the listing. See the pictures and floor plan here.

Unit #4W: 3 bedrooms, 2 baths, 1479 square feet

  • Sold in April 1988 for $210,000
  • Sold in January 1998 for $279,000
  • Sold in July 2004 for $485,000
  • Currently listed at $575,000
  • Assessments of $572 a month (includes scavenger)
  • Taxes of $9052
  • Central Air
  • No washer/dryer in the unit (?)
  • No parking
  • 2 fireplaces
  • Shared balcony
  • Bedroom #1: 13×8
  • Bedroom #2: 11×14
  • Bedroom #3: 11×13
  • Living room: 13×15
  • Kitchen: 11×15
  • Dining room: 8×13

This entry was posted on Friday, May 5th, 2023 at 5:19 am and is filed under Condos, Gold Coast. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

7 Responses to “A 3-Bedroom Built in 1881 With 2 Fireplaces for $575,000: 122 W. Delaware in the Gold Coast”

  1. Certainly has charm. Kitchen location is not great. Rolling the dice with a shared balcony. There’s no mistaking which bedroom is the primary.

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  2. “July 2004 for $485,000” + CPI = $773k.

    Ask is a little ahead of cpi from ’88 and ’98, which makes sense given how much nicer this spot is than 35 years ago.

    Baths and kitchen are trash at the ask, tho.

    3W went for $605k last year with decently updated kitchen and baths:

    https://www.redfin.com/IL/Chicago/122-W-Delaware-Pl-60610/unit-3W/home/14109719

    This one should be 605 minus the cost of reno up to approximately that level–so, maybe 499.

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  3. Nice find TFO – Thats a great unit

    Amazing how bad the dark stain looks Vs the original. Why do people do this?

    This should trade at a significant discount to 3W, $400k

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  4. Matt the Coffeeman on May 5th, 2023 at 9:49 am

    I love vintage, but I’d rather live in that stairwell than then the condo.

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  5. ”why do people do this?”

    My thoughts exactly. Whomever put in the early 90s era kitchen and replaced some of the vintage lighting with cheapo 90s era fixtures really screwed this place up.

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  6. Reduced to $564,900.

    I get signaling via the reduction (duh), but what does the $100 do that the $10,000 doesn’t? I cannot imagine anyone is searching with an “under $565,000” trigger. $100 under any $25k increment is different.

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  7. The unit apparently previously had a roof deck. It appears to be owned by a charity.

    https://tour.vht.com/433625367/120-w-delaware-pl-4e-chicago-il-60610/photos

    https://blockshopper.com/il/cook-county/chicago/property/17044310231008/122-west-delaware-place-unit-4-w

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