A 3-Bedroom Penthouse with 15 Ft Glass Walls for $819,000: 3133 W. Lakewood in Lakeview
This 3-bedroom loft penthouse at 3133 W. Lakewood in Lakeview came on the market in July 2023.
This brick loft building was converted into condos in 2008. There are 25 units. It’s an elevator building and has bike storage and garage parking for some of the units.
If this unit looks familiar that’s because we chattered about another penthouse unit in this building a few weeks ago that went under contract almost immediately.
We also actually chattered about this unit itself 10 years ago, in June 2013. You can see our chatter here.
This southeast facing penthouse has some authentic loft features including exposed brick and ductwork but it doesn’t have timber or concrete ceilings.
The unit has 15 foot floor-to-ceiling glass walls in the living/dining/kitchen and primary suite.
There are Brazilian cherry floors in the main living area.
The listing says the unit had $90,000 in renovations completed in 2021.
The kitchen updates include quartz counter tops, a marble backsplash, new stainless steel appliances, custom built blue cabinets with pull out drawers and appliance garage, a touchless faucet, a vented hood and beverage fridge along with an island with seating for 3.
The three bedrooms are fully enclosed. Two of the bedrooms, including the primary, have carpet. The third has hardwood floors.
The primary suite has custom cabinets/drawers in a walk-in-closet and an en suite bath with heated marble floors.
The penthouse has the features buyers look for including central air, washer/dryer in the unit and one indoor heated garage space which is included.
It has a private deck accessed from the living/dining/kitchen and primary suite.
There is also an accent wall in the living room which the listing says is “fabricated with norstone rock panels with steel frame substructure.”
It has all the features that buyers look for including central air, washer/dryer in the unit and one indoor heated garage space, which is included in the price.
This building is near the shops and restaurants on Belmont in Lakeview, several bus lines, and the Lakeview Whole Foods. The listing says it’s in the Burley school district.
Listed at $819,000, that is $123,000 above the 2017 purchase price of $696,000.
Buyers love “new.”
Will they get their price?
Davis Edgerly at 33 Realty has the listing. See the pictures here (sorry, no floor plan).
Unit #4G: 3 bedrooms, 2 baths, 1600 square foot, penthouse, loft
- Sold in June 2008 for $600,000
- Sold in June 2010 for $600,000
- Sold in January 2014 for $575,000
- Sold in March 2017 for $696,000
- Currently listed at $819,000
- Assessments of $410 a month (includes security, exterior maintenance, lawn care, scavenger, snow removal)
- Taxes of $8366
- Central Air
- 1-car indoor heated garage space included
- Bedroom #1: 14×13
- Bedroom #2: 16×10
- Bedroom #3: 12×11
- Living/dining combo: 18×15
- Kitchen: 14×8
- Walk-in-closet: 8×8
- Laundry: 8×8
- Private deck
Looks like the layout is close (but not exactly) a mirror of this one that just sold for $765k:
https://www.redfin.com/IL/Chicago/3133-N-Lakewood-Ave-60657/unit-4F/home/39562701
Not really seeing $50k difference *unless* the baths, blue kitchen and rock wall are exactly what you would do (not “if you like it” if you would want to make exactly those changes), or if you value SE view from this location and height that much over NE. Both of which are fair enough
Stone accent wall doesn’t work and is off putting.
LR/DR is really cramped
“Not really seeing $50k difference *unless* the baths, blue kitchen and rock wall are exactly what you would do (not “if you like it” if you would want to make exactly those changes), or if you value SE view from this location and height that much over NE. Both of which are fair enough”
There are some who would prefer the south view with direct sun, than the north which would not have it. BUT with those glass walls, maybe the south would be just too much for some.
But your point is well taken anon (tfo). Is that worth a $50k premium? We’re going to find out.
I don’t think this is worth more than the one that just sold for $765k. That unit is actually more appealing to me. Personally, I’d rather face north with all that glass. You would still get more natural light that you could ever need. I’ve always been curious about these units when walking down Belmont and seeing them perched up there on the roof of the building. I think the buyers that got that unit for $765k will be able to sell it for a decent gain within 3 to 5 years.
btw, I see this:
Sold in March 2017 for $696,000
Currently listed at $819,000
and think “that’s quite a lot more”, but the reality is:
March 2017 for $696,000 + CPI = $871k
March 2017 for $696,000 + C-S Condo = $825k
They’re asking slightly under actual trend, and 6% less, in real dollars, than they paid.
The ask is very close to the 2010 price, both +CPI and +C-S Condo.
thanks to Nyet’s comment on the Sheffield property, looked back at this one.
Closed in August at $825k.