A Get a Vintage 2/2 with a Wood Burning Fireplace for $515,000: 3842 N. Sheffield in Lakeview
This top floor 2-bedroom at 3842 N. Sheffield in Lakeview came on the market in May 2021.
Built in 1910, this building has 6 units and assigned parking spaces behind the building along with a common roof deck space.
The listing says this unit has been “beautifully updated.”
It has a wood burning fireplace in the living room along with built-in bookcases and crown molding.
There are hardwood floors throughout and it looks like there’s a skylight in the kitchen.
The listing says the unit has a “chef’s kitchen” with white Shaker cabinets, stainless steel appliances, granite counter tops, a custom white tile backsplash and a white farmhouse sink.
The primary suite has a walk-in-closet, which is rare for vintage units, along with an en suite bath which has a double vanity and glass shower.
The unit has a back deck with room for a table and chairs.
It has the features buyers look for in 2021 including central air, washer/dryer in the unit, with its own laundry room, and an assigned parking space.
Listed at $515,000, that’s $185,000 over the 2015 price of $330,000.
With inventory tight, will they get their price?
Stefanie Lavelle at @Properties has the listing. See the pictures and floor plan here.
Unit #303: 2 bedrooms, 2 baths, 1500 square feet
- Sold in July 1989 for $145,000
- Sold in May 1996 for $192,000
- Sold in April 2006 for $374,000
- Sold in June 2015 for $330,000
- Currently listed at $515,000 (includes one assigned parking space)
- Assessments of $183 a month (includes scavenger)
- Taxes of $5873
- Central Air
- Washer/dryer in the unit
- Wood burning fireplace
- Bedroom #1: 18×17
- Bedroom #2: 13×12
- Kitchen: 14×13
- Living/dining room: 26×16
- Balcony/deck
A+ unit. B- location.
Nice photos and the unit does look pretty attractive. I still think it’s a lot for a 2 BR at this location, considering the noise and traffic. It’s true that it’s on the better side of Sheffield for train noise, but you’ll still hear a lot. Also lots of rowdy Cubs fans after night games.
On the plus side, it has usable outdoor space, decent-sized rooms, and W/D, along with parking. Maybe it goes for close to asking.
How much could you make off the parking spot if you attempted to rent it out to Cubs fans all summer?
Not a bad idea, KK.
“How much could you make off the parking spot if you attempted to rent it out to Cubs fans all summer?”
Are you standing out there and dealing with it (either individually, or a a co-op with your neighbors) or are you paying someone?
Might be able to average $40-50, at least for night games. Times 43. Lower for day games, maybe $20-25 average. Could likely gouge for the concerts. Feels like $3k-4k, for a consequential amount of work.
They obviously updated the place, and it looks nice–I am curious what it looked like when they bought.
The one next door (304), on the corner of Byron, is here:
https://www.redfin.com/IL/Chicago/3844-N-Sheffield-Ave-60613/unit-304/home/40483104
and also sold in 2015, for just a little more than this one. The link has the old pix–I’d guess this one looked a lot the same as far as finishes.
“Feels like $3k-4k, for a consequential amount of work.”
You’d literally just step out your front door on Sheffield, maybe walk a block or two and hold up a sign. 10 mins of work for $20-$50 cash sounds like a pretty good deal to me….so long as it wouldn’t involve pissing off the neighbors.
A real nice unit, Nice layout, Nice remodel, Nice parking, Nice size, and Nice price.
Confused on why it is on cribchatter?
“You’d literally just step out your front door on Sheffield, maybe walk a block or two and hold up a sign.”
Third weekend of this September, have the sign say “Come back to the assigned parking space for unit #303, we’ve got the dancing (Chicago Cubby) bear shirts and hats you’re looking for!”
Good points, Groove. The one bone to pick is location. Noisy street, noisy neighborhood. Ugly storage building directly across street. Train turning corners less than a block away. Drunk Cub fans doing nasty things on your lawn. Etc.
“Drunk Cub fans doing nasty things on your lawn”
You get that in Naperville, Crystal Lake, and Idaho too.
Drunk cubs fan are not educated enough to understand border lines drawn on a map.
Cubs fans buy condos too ya know.
“You’d literally just step out your front door on Sheffield, maybe walk a block or two and hold up a sign.”
So, first we assume that you don’t have a car that you need to move out of the space and back into it.
Then we assume that no one who parks there has a couple too many and then you have to deal with an over-staying parker, or damage to a neighbor’s car (which you noted) or fence or whatever.
Contingent
Cubs fans buy condos too ya know.
—————————-
Sox fans can buy single family homes and give one finger salutes to homeowners associations.
How do you get to the deck?
“How do you get to the deck?”
Through the master bedroom utility closet. Kind of a jinky set up. Not great for entertaining.
renting out a space? it’s easy, Spot Hero… no work involved
where have you all been?
“it’s easy, Spot Hero”
What’s their cut? (gthooi: 35%)
Will they come and repark your car for you, both before and after? (didn’t have to: No.)
Fair enough–pretty easy $2500 annually.
If you could really clear $2,500 annually, there’s your assessment paid with money left over!