A 4-Bedroom Condo With 4 Private Balconies: 1727 N. Burling in Lincoln Park
This 4-bedroom condo at 1727 N. Burling in Lincoln Park came on the market in January 2022.
Built in 2008, this building has 6 units and heated garage parking.
It’s an elevator building with a private keyed elevator that opens directly into the units.
This unit is a full floor condo with high ceilings, oversized windows and hardwood floors throughout.
At 3200 square feet, it has the square footage of many single family homes.
It has a family room and separate dining room.
The kitchen has dark wood cabinets, stone counter tops, an island with seating for 3 and luxury stainless steel appliances.
The primary suite has a walk-in-closet and an en suite bath.
If you are yearning for outdoor space, the condo also has 4 private balconies on various corners of the unit including one larger deck measuring 10×23.
The condo has central air, washer/dryer in the unit and 2 heated garage parking spaces are included.
The listing says the “condo offers the benefits of single family living without the hassle and upkeep.”
For those who never want to shovel snow again, is this condo a good single family home alternative?
Brad Lippitz at Compass has the listing. See the pictures and floor plan here.
Unit #4: 4 bedrooms, 3 baths, 3200 square feet
- Sold in April 2009 for $1.875 million
- Currently listed at $2.15 million
- Assessments of $1599 a month (includes exterior maintenance, lawn care, scavenger, snow removal)
- Taxes of $28,136
- Central Air
- Washer/dryer in the unit
- Fireplace
- Bedroom #1: 18×15
- Bedroom #2: 13×13
- Bedroom #3: 14×11
- Bedroom #4: 11×13
- Living room: 16×19
- Dining room: 15×12
- Kitchen: 12×18
- Family room: 13×15
- Laundry room: 10×6
- Walk-in-closet: 11×9
- Balcony: 6×18
- Deck: 10×23
- 2 other balconies
With monthly assessments north of 1,599 and no security, I’m not sure I understand the appeal of this over a $2M SFH in the area with a postage stamp size yard / sidewalks that are easy to maintain (or cheap to hire out).
The main open living space that lacks a separated family room for the kids makes it not a great SFH alternative.
There is a separate family room across from the dining room, but it’s not really separated much from the rest of the living space.
KK, here’s an example of a SHF with actually no yard to upkeep that is a good alternative for this 2.15 million condo. There’s a park three houses to the south.
https://www.realtor.com/realestateandhomes-detail/1849-N-Maud-Ave_Chicago_IL_60614_M71011-73615
KK’s not wrong, but if someone in (or frequently in, eg a grandparent) the household has mobility issues, it’s going to beat a multilevel home.
Super nice condo but for $2M I’d go with a house in the neighborhood.
” and no security”
do you mean no doorman. it does have a private keyed elevator so theoretically no one can access your condo. I’d imagine the elevators add to the high maintenance costs as well especially with only 6 units.
Very spacious, great location, and I’m glad it has a separate DR, but with this much space, is it really appropriate to have the kitchen be part of the LR? I see that in condos 1/4 the price of this one, and it’s not a feature I appreciate. It means your LR always smells like whatever is cooking. I’d prefer if they’d put the kitchen and DR in the back, the old-fashioned way.
Also, those spiky things on the balconies? What are they supposed to be? Why are they necessary?
tiny living room next to the kitchen, this place is almost too divided up
and I’d rather have one large outdoor space than 4 tiny ones
To optimize this space, I’d wall off the current family room and create a bedroom. Then I’d open up Bedroom 11 x 13 to Bedroom 13 x 13, to create a proper Family room / entertaining space that centered around that back balcony. Would ensure it could be doored off in order to separate it from Living Room (the grown ups entertaining space), and able to be used as an occasional guest room or work space.
“wall off the current family room and create a bedroom.”
So then the younger kid’s bedroom opens directly into the dining room? Like in an old 3/1 2-flat?
Seems just as bad as current layout, just in a different way.
Seems that the current use of rooms (living room in the kitchen aside) is “optimal” without basically starting over–it’s a big house for a couple, with an office, a gym/den/2d office, and a guest room. It’s not really a full-time-kid (nevermind 2) friendly space at all.
“So then the younger kid’s bedroom opens directly into the dining room? Like in an old 3/1 2-flat?”
At second look, perhaps it’d make more sense to combine current family room and bedroom 13 x 13, walling off the access to the dining room, and opening an entrance onto the patio, to create a large family / recreation space.
Bedroom 11 x13 is kid sized and would be better off without a patio door.
I don’t love it, but it’s a lot nicer than most buildings built in 2008.
I’m probably in the minority in not loving it, though, since it went under contract after 3 days on the market.
I would probably flip the dining room and living room. The room that is currently the dining room is smaller, but because of the fireplace and multiple entrances into the current living room (plus space taken up by the kitchen island), you’re probably looking at a similar amount of usable space.
“I’m probably in the minority in not loving it, though, since it went under contract after 3 days on the market.”
Sizzle.
Sizzle? After paying 10% in closing costs, this seller made a whopping $60K or 3.2% on a house purchase made over 13 years ago. And that’s assuming they got their ask!
For reference, Case Shiller is up ~100% from April 2009 so this seller would have made nearly $2m in any other city.
Stacy, you claim everything is selling within days in Florida. I’m sure it is. But it is in Chicago too.
They bought near the bubble highs.
Yes, if you bought during a massive bubble, you have still not made much money.
It’s a very hot market in Chicago. Buyers are out this spring. There is nothing on the market. It’s similar to what is going on everywhere.
You can see the Case Shiller index for the Chicagoland area here: https://fred.stlouisfed.org/series/CHXRSA
This property fits right in with it, no?
Not sure how one can look at the data and conclude Chicago is HAWT ™
This is a better representation of Chicago market
https://fred.stlouisfed.org/series/CHXRSA#0
Trying again
https://fred.stlouisfed.org/graph/fredgraph.png?g=LtPR
“They bought near the bubble highs.”
“April 2009”
???
April 2009 was WAAAAAYYYYYY closer to the bottom than the top.
Check it out: https://fred.stlouisfed.org/series/CHXRHTSA
Peak = Mar-07 at 161
Bottom = Apr-12 at 111
Apr-09? 122
So take your revisionist BS to some third tier podcast.
Keep in mind that C-S is all in *nominal* dollars.
With Jan-00 = 100 (as is the case for C-S), keeping up with inflation should be 165 now. Which Chicago ain’t–behind inflation over a 21 year period.
Sorry, *22* year period. Jan-00 to Dec-21
“So take your revisionist BS to some third tier podcast.”
April 2009 was NOT EVER “the bottom” in Old Town. Stock market bottomed in March 2009. Housing market a full 3 years later.
What drugs are you on anon(tfo)? My god, there are chatters from that year where people on this blog literally were posting that “lincoln park will never see a decline in prices” and I covered many properties in Old Town which, actually, didn’t see much of a decline at all.
All you need to do is look at Case Shiller for Chicago. It’s NOT a shock to see what has happened over the last 15 years if you actually look at the data.
“Not sure how one can look at the data and conclude Chicago is HAWT ™”
Because you are obsessed with price JohnnyU which has little to do with hotness, except for the cases where people are in bidding wars in certain neighborhoods and paying over the list price. Yes- that is STILL happening in the hot neighborhoods.
There just isn’t any inventory in some neighborhoods. And the buyers are out, even before the the Super Bowl, which usually kicks off the buying season.
Many buyers are trying to lock in something before rates rise further, which they are bound to do. I’m also hearing, antecdotally, of some people moving to Chicago and buying because they are priced out of both coasts and were just tired of it. But they still wanted a big city so chose Chicago.
There were only 7,000 properties on the market in San Diego and Orange Counties to start the year. It’s terrible everywhere.
“ Because you are obsessed with price JohnnyU which has little to do with hotness, except for the cases where people are in bidding wars in certain neighborhoods and paying over the list price. Yes- that is STILL happening in the hot neighborhoods.”
I often see people bragging about their HAWT ™ stocks, making sure to pint out that they’re lagging the S&P 500, but there’s a lot of trading volume.
“ I’m also hearing, antecdotally, of some people moving to Chicago and buying because they are priced out of both coasts and were just tired of it. But they still wanted a big city so chose Chicago.”
How are Mr & Mrs George Glass doing these days?
“I’m also hearing, antecdotally, of some people moving to Chicago and buying because they are priced out of both coasts and were just tired of it. But they still wanted a big city so chose Chicago.”
What sort of people? Recent grads, or established professionals/families? Don’t get me wrong, I chose Chicago over NYC to start a career partly for lower housing cost and partly becuase I think it’s just a nicer place to live (with the lakefront, etc.), and if I “had to” return to either Chicago or NYC now with a family, the choice would be even easier this time. But other than people choosing it over NYC, I don’t know how many are leaving coastal areas for it.
“And the buyers are out, even before the the Super Bowl, which usually kicks off the buying season.”
I’d say that things like the Super Bowl are totally irrelevant in a hot market.
“April 2009 was NOT EVER “the bottom””
Did I write that? I don’t thinks so…let’s check it out:
“April 2009 was WAAAAAYYYYYY closer to the bottom than the top.”
Oh, yeah, that’s right, I said it was closer to the bottom than the top. And backed it up with data.
And that’s not even addressing that this building ain’t–in any way at all–“in Old Town”.
Are you sure you live here?
“All you need to do is look at Case Shiller for Chicago.”
That’s what I cited to, [deleted]:
Peak = Mar-07 at 161
Bottom = Apr-12 at 111
Apr-09? 122
Is April 2009 the peak? NO!!
Is it closer to the bottom than the top?? YES!!!
What did you claim:
“They bought near the bubble highs.”
In April 2009.
So you’re basically calling them fools, who got rooked by the developer.
“So you’re basically calling them fools, who got rooked by the developer.”
It’s easy to look back now, over a decade later, and say, “why would anyone be buying in 2008 or 2009?”
Housing had been booming for a decade. Lincoln Park was red hot. There were real estate agents who believed that while Lincoln Square and Wicker Park were a bubble and prices could fall there, Lincoln Park was Lincoln Park. Prices NEVER fell there. Location, location, location.
They posted such things on this blog for a year or more, until prices began to fall in Lincoln Park too. It just took longer for the bust to make its way through that area compared to overheated ones like the South Loop which collapsed almost immediately.
Lincoln Park DID hold its value, relative to many other neighborhoods. But, it too, saw declines.
This is the behavior at the end of bubble markets. People believe for a LONG time even after the top has been reached. And it takes a decade, or more, for that asset class to return to its former highs.
“What sort of people? Recent grads, or established professionals/families?”
Professional Millennials in their 30s. No kids. The coasts just are unlivable if you want to buy a home/condo. And many, many do.
Lots of espousing about the “cheap” prices in Chicago- relatively speaking.
It’s easy to look back now, over a decade later, and say, “why would anyone be buying in 2008 or 2009?”
The only one saying that is you.
“The only one saying that is you.”
You said it anon(tfo) when you said “So you’re basically calling them fools, who got rooked by the developer.”
I NEVER said that. You did. They bought near the peak of the bubble but many didn’t know it at the time. This was a beautiful new luxury building in 2008-2009. It still is. It really stands out on that block, which is why I happened to have a picture of it in my collection even though I’ve never cribbed about it.
Small building. This unit hasn’t sold since the original sale.
“ They bought near the peak of the bubble but many didn’t know it at the time”
Except they didn’t from either a time or (more importantly) financial standpoint
“Except they didn’t from either a time or (more importantly) financial standpoint”
This.
From the same post
“Lincoln Park was Lincoln Park. Prices NEVER fell there. Location, location, location.”
Vs
“Lincoln Park DID hold its value, relative to many other neighborhoods. But, it too, saw declines.”
What kind of fuckery is this?
There were real estate agents who believed that while Lincoln Square and Wicker Park were a bubble and prices could fall there, Lincoln Park was Lincoln Park. Prices NEVER fell there. Location, location, location.
Pretty sure Sabrina is contrasting what people believed back in ’05 through ’08 vs. the reality of what happened.
You’d be correct if she stated “prices would never fall”