A 3-Bedroom Renovated Townhouse in Benjamin Marshall’s 1200 N. Lake Shore Drive
This 3-bedroom townhouse in Benjamin Marshall’s 1200 N. Lake Shore Drive in the Gold Coast came on the market in July 2021.
Built in 1912, 1200 N. Lake Shore Drive has just 34 units.
It doesn’t have parking. But it has full-time door staff, maintenance, a receiving room and a roof deck with lounge chairs, tables and grills.
The townhouses are on the base of the building. This one has a private entrance on Stone (the picture above is on Lake Shore Drive).
The listing says the 2-story townhouse has been “totally renovated.”
It has all new windows, electric, plumbing and hardwoods.
The listing says it has designer lighting, custom window shades and custom closets.
The main level has an open floor plan with the living and dining rooms, the kitchen, a mudroom and a powder room.
There’s a wet bar.
The kitchen has white cabinets, what looks like stone counter tops and backsplash and luxury stainless steel appliances.
All three bedrooms are on the second level and all are en suite.
The primary bedroom has a luxurious bath with dual vanities, spa shower and a private commode.
There’s also a home office and laundry with a full-sized Bosch washer/dryer on the second floor.
The townhouse has central air but there’s no parking. The listing says there is leased garage parking just outside the mudroom door.
This building is near Oak Street Beach and the shops and restaurants of Rush Street and the Mag Mile.
Is this townhouse a good alternative for those who want the amenities of a larger building but the privacy of a townhouse?
Jennifer Ames at Engel & Voelkers Chicago has the listing. See the pictures and floor plan here.
Unit M5-M6: 3 bedrooms, 3.5 baths, 2950 square feet, townhouse
- Sold in November 1993 for $150,000
- Originally listed in July 2021 for $1.298 million
- Currently still listed at $1.298 million
- Assessments of $3,552 a month (includes heat, doorman, exterior maintenance, lawn care, scavenger, snow removal)
- Taxes of $15,178
- Central Air
- Washer/dryer
- No parking- but leased nearby
- Bedroom #1: 16×16 (second floor)
- Bedroom #2: 17×15 (second floor)
- Bedroom #3: 20×15 (second floor)
- Living room: 19×20 (main floor)
- Dining room: 18×19 (main floor)
- Kitchen: 10×11 (main floor)
- Office: 10×12 (second floor)
- Foyer: 5×6
Well appointed home, wet bar in the LR is a bit tacky. A nice vintage built in buffet would be killer in the DR
Probably hasn’t sold as it’s ground floor and those vintage windows are so easy to force open.
Nicely redone–looks like nice space (2950 sounds a bit high).
Well worth the price, but for the $3550 assessment! I get that classic, beautiful buildings need maintenance, but the common amenities are minimal, and this unit doesn’t use the elevators, probably rarely sees the doorman. Heat is covered, so that’s worth something.
Like it but putting the kitchen in a narrow corner is disappointing along with a wet bar in the living room.
“rarely sees the doorman”
Depends on how many packages one receives. I’d see them a lot if I lived here.
Very nicely done. Though LSD / Division traffic noise must be constant and there’s no way they don’t live with their blinds closed 90% of the time. A wonder how difficult it was to take the main floor photos without a pedestrian getting in the shot.
“ Probably hasn’t sold as it’s ground floor and those vintage windows are so easy to force open.”
“$3550 assessment!”
“Minimal amenities”
This place seems to have combined the disadvantages of SFH living (security, views lacking) with the disadvantages of vintage highrise living (high assessments, minimal amenities).
Immediate proximity to the beach access point is a great feature, and a consideration that tends to be very underrated in LSD properties.
Regarding KK’s point about the traffic, this is on the back of the building, so pretty minimal LSD (DuSable?) noise. BUT–the Loading dock entrance for both this building & the much larger building next door are right outside the window of the third bedroom, so you have that to deal with.
“BUT–the Loading dock entrance for both this building & the much larger building next door are right outside the window of the third bedroom, so you have that to deal with.”
Helps to keep the guests from overstaying their welcome!
No price reduction in 7 months. Sounds like a problematic seller. If the seller is this stubborn on the listing price, just imagine how stubborn they’ll be negotiating.
Great building, but nothing about this unit says “$1 million” to me.
KK said it best: All the disadvantages of low-rise and high-rise living with none of the advantages of either. What’s the point of paying $1.2 million to live on LSD if you can’t see the lake from your unit?
“nothing about this unit says “$1 million””
It’s 2500+/-SF in the gold coast, and had nice updated finishes, in a (presumably) stable building.
Where are you finding that for well less than $1m (and yes, I know they’re asking 30% more).
I respect your opinion, anon, but I think there are much nicer places on the Gold Coast for similar prices or even less.
Agreed, kitchen is a bit disappointing vs the size of the rest of the unit.
“I think there are much nicer places on the Gold Coast for similar prices or even less.”
There’s even this in the same building:
https://www.redfin.com/IL/Chicago/1200-N-Lake-Shore-Dr-60610/unit-401/home/14123402
That said, I still think that your expectations are a little out of step with the current market–you don’t like the unit, so you wouldn’t pay even ~$400 psf (it’s asking ~$500) for it–$400 psf is about what the market has been for a minute.
I fell in love with a high floor unit in this building when I was in the market, but the high assessments and limited reserves scared me off. As I recall, the building’s boiler was almost 100 years old in 2017, so that was one big expense that was coming up. Nevertheless, I sometimes regret my decision. The building is beautiful, inside and out.
This building’s lobby is godly. Not big on the SFH/Condo dynamic here though. High floor apt is much more interesting. Especially with vintage features.