A 3-Bedroom in a Vintage Boutique Building in East Lincoln Park: 454 W. Deming
This 3-bedroom in 454 W. Deming in East Lincoln Park came on the market in February 2020.
Built in 1890, this building was converted into luxury condos in 2007 and has 8 units and exterior outdoor parking.
It’s also a rare boutique building that has a semi-private elevator that opens directly into each unit.
This is a penthouse unit with 14-foot ceilings and south, west, and north exposures.
It has a fireplace in the living room but not many of its other vintage features.
The kitchen is open to the living/dining room which is the modern, open concept layout.
It has dark cabinets, granite counter tops and stainless steel appliances.
The master suite has an en suite bath with dual sinks and 2 walk-in-closets.
It has a large private outdoor deck off the back of the unit.
One exterior parking spot is included in the price and the listing says the owner can transfer the lease in a second space that’s in a nearby lot.
The unit has the other features buyers look for including central air and washer/dryer in the unit.
This building is on a prime East Lincoln Park street which is steps from Lincoln Park and also near the shops and restaurants on Clark Street.
Originally listed for $1.15 million in February 2020, it went under contract in March and then fell out. It has since reduced $25,000 to $1.125 million.
Another unit in the building, #2E, with a similar layout and finishes, although the kitchen was closed off to the living and dining room, recently closed for $1,030,000 in early May.
If you have a Redfin account, you can see those pictures here.
Deming is one of East Lincoln Park’s special streets.
Why isn’t this selling?
Elizabeth Ballis at Compass has the listing. See the pictures here.
Unit #4W: 3 bedrooms, 2.5 baths, no square footage listed (but #2E said that unit was 2200 square feet)
- Sold in October 2007 for $996,000
- Sold in August 2013 for $1.105 million
- Originally listed in February 2020 for $1.150 million
- Under contract in March 2020
- Re-listed
- Reduced
- Currently listed at $1.125 million (includes exterior parking space)
- Assessments of $563 a month (includes parking, exterior maintenance, scavenger, snow removal)
- Taxes of $19,858
- Central Air
- Washer/dryer in the unit
- Fireplace
- Bedroom #1: 16×12
- Bedroom #2: 14×11
- Bedroom #3: 12×11
- Kitchen: 14×10
- Living/dining room combo: 25×22
- Deck: 13×13
6.5 years and no appreciation?
Should have spent the reduction on removing the wall paper and repainting
While this is a legit 3br, I would hate living here as a family of 4.
You would hate living here. Hate. Seriously? Hate?
This building is so ancient that it was already built when the Ferris wheel from the 1893 World’s Fair was relocated to the corner of Wrightwood and Clark, where it was a neighborhood attraction for about a decade until being dismantled and sent to St. Louis around 1910.
The link below shows some incredible photos of the area back then. Scroll down a ways to see.
https://www.lakeviewhistoricalchronicles.org/2012/03/ferris-wheel-park.html
“Deming is one of East Lincoln Park’s special streets.”
What, bc of the 2550 townhomes? This place is across (not quite directly) from the loading dock and parking entrance for 2550, and next to the parking lot for the resolutely meh 2600 Hampden building. Sure, the Marlborough is at the corner, but you ain’t in the Marlborough.
It’s a great overall location, close to so much. But the particular block isn’t really a top choice, imo.
As to the unit: the ceiling height is awesome, it’s nice that the terrace is off the hall, the finishes are solid, to open kitchen is decent if that’s what you want.
But, agree with J-U that I wouldn’t want to live here (or the other PH, with the closed kitchen) with 2 kids–there’s just nowhere to go. Think the bay is wasted on the bathtub. Notwithstanding liking the hall to the terrace, it’s hard to give up the little width you have to a hall like that. other than the master closet, there’s very little storage.
“Deming is one of East Lincoln Park’s special streets.”
The “special” historical mansions are all west of Clark, while this unit is East of Clark. It is directly across from a parking garage entrance.
Deming east of Clark is nice enough, but not particularly “special”, other than the fact that it is in close proximity to the Park.
It’s lovely, but if I had $1M to spend on a condo, this wouldn’t be it.
#3W just came on the market at $1,030,000.
I much prefer the aesthetics of 3W.
https://www.redfin.com/IL/Chicago/454-W-Deming-Pl-60614/unit-3W/home/28676250
3W is staged much, much better than 4W. The addition of a quasi-mudroom off the back is a nice touch
3 out of 8 units sold/listed in a month seems a bit off
“3 out of 8 units sold/listed in a month seems a bit off”
Not to mention, the month fell during a pandemic.
Also worth noting that 3W last sold in July 2019…Hmmmmm.
“3 out of 8 units sold/listed in a month seems a bit off”
In a building converted in 2007? Really? That’s 13 years of living in one location. That’s a pretty good run. Even if some bought in a second wave in 2012-2013, that’s still 7 years. Also a nice run for most people in a condo- luxury or not.
As I’ve said over and over again on this blog, most Americans moved during the housing boom years every 7 years. After the bust, and people being underwater, they stayed longer. They last just 2 to 3 years in lofts. Some others are a little bit longer.
If you stay in your property even 10 years, that’s crushing it.
“In a building converted in 2007? Really? That’s 13 years of living in one location. That’s a pretty good run. Even if some bought in a second wave in 2012-2013, that’s still 7 years. Also a nice run for most people in a condo- luxury or not.”
@Sabrina, don’t you think it’s a bit coincidental that 3 out of 8 are leaving at the SAME TIME? Sounds like a SPECIAL ASSESSMENT is coming down the pipe.
@Sabrina, don’t you think it’s a bit coincidental that 3 out of 8 are leaving at the SAME TIME? Sounds like a SPECIAL ASSESSMENT is coming down the pipe.
you’re asking why 40% of the owners might be selling at the same time? You’d have to ask them for specifics but it is very possible that one person put their place on the market for some reason, and the other person has the same reason. And the 3rd guy just said “fuck it let’s see what my place is worth”
” And the 3rd guy just said “fuck it let’s see what my place is worth””
——————————-
And he’ll pay $75k for the privilege? nope
“In a building converted in 2007? Really? That’s 13 years of living in one location.”
Last sale for each unit:
1E = Oct-19
2E = Apr-14
3E = Jul-15
4E = Apr-15
1W = Jul-16
2W = Oct-19
3W = Sep-19
4W = Aug-13
The featured unit is the longest tenured owner. The one that just sold was the 2d longest.
The one just listed today, they’ve been there for 8 months. They appear to have two kids, which is undoubtedly two too many for two working professionals in that space.
Here’s 1E, which could actually work for that, given there is a lower level:
https://www.redfin.com/IL/Chicago/454-W-Deming-Pl-60614/unit-1E/home/26809244
You can also find 1W, but it is under 456 Deming.
I have to agree with whoever said there’s nothing “special” about this block of Deming. In fact, it’s arguably the least special of the side streets between Diversey and Fullerton and Clark and Lakeview. Wrightwood, Roslyn, and Arlington are all far nicer. Even St. James.
The problem, as the other poster noted, is the ugly loading dock and medical building across the street. I used to go to a dentist in that building back in the 1980s, and even then felt it was so unattractive that I wouldn’t want to live across from it, as nice as those 19th century rowhouses there might be.
The special block of Deming is the one west of Clark with all the mansions.
Sabrina, by August we’ll have been in our house for 18 years. By your definition, we’re “crushing it.” Didn’t even realize we were an outlier.
I figured once people have kids they tend to stick around in the same place for a while, at least till the children are done with HS. We have one halfway through college and another halfway through HS. Their ages were two and non-existent, respectively, when we moved into this house in 2002.
“Sabrina, by August we’ll have been in our house for 18 years. By your definition, we’re “crushing it.” Didn’t even realize we were an outlier.”
You are, Dan #2. Staying in a house for 20 years is old school. How many properties on Crib Chatter were last sold 18 years ago? There aren’t that many.
“The featured unit is the longest tenured owner. The one that just sold was the 2d longest.”
Thanks for all the sales info. It confirms what I said happens. You only stay in a condo for so long. There’s nothing “mysterious” about several sellers in a building of this size, especially one that was converted a number of years ago. They’ve been there a while.
Anyone selling less than a year later in Chicago is likely one of three things:
1. Getting a divorce
2. Has a job transfer
3. Has died
Mostly because the sales fee hit is just too big.