An Un-Renovated Vintage 2-Flat Rowhouse in Old Town: 1624 N. LaSalle
This 4-bedroom rowhouse at 1624 N. LaSalle in Old Town was recently reduced $70,000.
It is now listed for $125,000 under the 2005 purchase price.
At 3600 square feet, it looks to currently be configured into two units.
- Unit #1: 1 bedroom, 1 bath
- Unit #2: 2 bedrooms, 2 baths
I’m not sure where the fourth bedroom is located but the listing says there are 4 bedrooms.
Built in 1888 on a 25×102 lot, it is attached on one side to the unit next door. There doesn’t look to be central air and there is no parking.
It does have 3 antique gas fireplaces and 10 foot ceilings.
However, the listing says the “bldg needs work.”
In the 2005 listing, it said to “bring your architect” and in the 2010 listing it also says to “bring your architecture and imagination.”
Is this rowhouse a deal at this price?
Mira Kovacevic at Sudler Sotheby’s has the listing. See the pictures here.
1624 N. LaSalle: 2-flat, 3600 square feet
- Sold in February 2005 for $800,000
- Originally listed in July 2010 for $745,000
- Reduced
- Currently listed for $675,000
- Taxes of $12,288
- No parking
- No central air
S:
Linked listing sez that Unit 1 is 2/1.1, rather than 1/1, so that’s where it’s hiding.
I saw this listing a few weeks ago and am REALLY interested. The only two things I am unsure about are the parking situation with this particular building as well as the noise/foot-car traffic on this stretch of La Salle. I am most excited to hear what people have to say.
I think the only thing I don’t really like would living on that stretch of LaSalle; it is incredibly busy at all hours of the day. Otherwise looks really nice.
A lot depends on what type of shape it’s in. with the price drops it is probably being targeted to investors as opposed to normal buyers. Perhaps at this price it will justify the renovation cost? Might be a nice find for a rehabber.
This could be a very beautiful sfh with a little work. It’s pretty gorgeous as is actually. It’s really too bad about the parking, and even worse is the insanely busy street it sits on. Everyone coming off LSD at North goes right by your front door all day long.
“I think the only thing I don’t really like would living on that stretch of LaSalle”
Not great to have a view of the TI parking deck directly behind, either.
The “new” entrance is also a negative, and not necessarily resolvable w/o the neighbor’s agreement.
I was very disappointed–years ago–when Latin bought the old house just south of here to turn into parking.
If the kitchens are any indication of the year the last time any cosmetic work was done to these places, you’ve got to be looking at an easy $75k to condo each unit with mid-grade finishes.
What kind of coin would it take to renovate to a sfh befitting the locale? Or would anyone want to turn it into a sfh on that strip of road?
Could not pay me to live here. I lived in Old Town for a long time and I love it. But this might be the loudest location in the city. Your entire house would feel like one of those old hotel beds that would shake for a quarter. And you don’t get much in return for the location. It may technically be Old Town, but it would not “live” like Old Town. From this location you would have to walk several blocks to get anywhere, which kind of defeats the point.
you could walk to ti. and a wells on well’s bloody mary is just across the alley
I lived at 1540 Lasalle, a decade ago, and didn’t hear a peep of noise (highrise though). It was a fun area
“you could walk to ti”
A long walk to get to someplace that’s literally out your back door.
“a wells on well’s bloody mary is just across the alley”
What alley?
the one I imagined was behind the building east of their beer garden.
those lots (corcorans included) are odd. wonder how that came about.
“I lived at 1540 Lasalle, a decade ago, and didn’t hear a peep of noise (highrise though).”
Highrise is definitely a different story, but I think that block also makes a huge difference. You would be within ear shot of the big intersection and the gas station to the north.
There’s a rowhouse on Lincoln just north of of where Wells dead ends that’s been on the market for a while. I went to look at that place once. That’s where I got the shaking hotel bed analogy. I sat on their bed to see how loud it would be, if I’d be able to sleep there. Maybe I could get used to the noise (probably not), but not the vibration. And that was a much less busy street (two lanes v. four).
“(two lanes v. four).”
6, right here, no?
“6, right here, no?”
You may be right. Having a hard time visualizing it right now.
We stopped by the house a couple times. We were told it needed $250k plus in renovating costs. Pllus, it needs central air and it has that awful heating that runs along the baseboards. Looks 30 years old and REALLY beat up.
LaSalle is ridiculously busy here. Ever try to get to North Ave from Lake Shore Drive? Then you drive right by this place, and probably sit in front of it for a couple of minutes because the traffic is always backed up for a block before you hit North Ave.
Overall location is great… this particular location is not great.
Went to the open house last weekend. This building needs a lot of work. And by a lot of work, I mean A LOT OF WORK!
And once you start doing the work no telling what you will find. Ever see the movie “Money Pit”. The remake will be filmed here…
Sold! http://www.redfin.com/IL/Chicago/1624-N-La-Salle-Dr-60614/home/13343954
$520k