A Modern Vintage Gem in Lakeview: A 2/1 with Parking at 2861 N. Burling
This 2-bedroom top floor vintage unit at 2861 N. Burling in Lakeview came on the market in February 2024.
Built in 1924, 2861 N. Burling has 9 units, heated garage spaces and a backyard koi pond.
It has bike storage and the RING security system in the front vestibule.
This unit has south, east and west treetop views and the listing calls it a “modern vintage” gem.
It has hardwood floors throughout and 9 foot ceilings with skylights.
The unit has some of its vintage features including a wood burning fireplace in the living room and 2 decorative trumeau mirrors.
There are built-in bookcases next to the fireplace and the listing says there is enough room to put a desk.
The dining room is open to the kitchen and has a wood beamed ceiling.
The fully renovated kitchen has white custom cabinetry with new kitchen hardware, a tile backsplash, undermount sink, quartz countertops, stainless steel appliances, a wine fridge and coffee bar along with a peninsula with seating for 4.
The bathroom has been “totally rehabbed” with modern finishes in 2022.
There’s a custom closet/pantry.
The second bedroom has a balcony with room for a grill.
The unit has some of the features buyers look for including washer/dryer in the unit (in the second bedroom) and a heated garage space but there’s no central air. There’s window units.
This building is near many shops and restaurants of Lakeview including Dom’s Market, Trader Joe’s and the Landmark movie theater as well as buses and the Brown line.
Listed at $519,000, this unit last sold in March 2021 for $425,000.
Vintage units with modern finishes and features like garage parking are rare.
Will they get the premium 2 years later?
Marilyn Kraus at @properties Christie’s has the listing. See the pictures and floor plan here.
Unit #3N: 2 bedrooms, 1 bath, 1400 square feet
- Sold in May 1989 for $155,000
- Sold in May 1998 for $185,000
- Sold in February 2003 for $312,000
- Sold in December 2004 for $325,000
- Sold in March 2021 for $425,000
- Currently listed at $519,000
- Assessments of $477 a month (includes heat, parking, scavenger, Internet)
- Taxes of $6849
- No central air- but window units
- Washer/dryer in the unit
- Heated garage space included
- Wood burning fireplace
- Bedroom #1: 13×11
- Bedroom #2: 13×12
- Living room: 23×17
- Kitchen: 17×10
- Dining room: 17×10
- Balcony off second bedroom
Not 1400sf Maybe 1100sf
$100k + $4k/mo for a 1 + Den?
Painting the FP Black is bad, At least they didnt go full chud and paint the coffered ceiling
Should be a nice rental
I went to the OH. It’s a charming place that’s been rehabbed nicely and is well decorated. Great block. In the current low inventory market I think it will go quickly.
But with no AC, radiant heat controlled by the building (no thermostat), and just one small bathroom, I think it will be a long time before the 2024 buyer sees a ROI.
No rentals allowed in this building.
“no AC”
Wall unit in the office should be enough, right?
“$100k + $4k/mo for a 1 + Den?”
The 2nd bedroom is no less a bedroom than those 2/2 in most Lakeview 3 flats which require cutting through the back bedroom to reach the balcony. The room has a closet, window, door, and enough room for a bed.
Sold in May 1989 for $155,000
Sold in May 1998 for $185,000
Sold in February 2003 for $312,000
Sold in December 2004 for $325,000
Sold in March 2021 for $425,000
Currently listed at $519,000
what do these sales tell us?
It took a decade to make $30K in the 90s, though how much was lost to transactional costs?
1998 owner “made” 27K in 5 years.
2003 made $13K in 1 year
and then the 2004 owner held on for 17 years just to make $100K! I bet they moved out the Naperville and rented it to DePaul students for most of that time.
“I bet they moved out the Naperville and rented it to DePaul students for most of that time.”
DePaul? Up there? Nah.
Some GenXers who didn’t want to buy? Sure.
It stunk to buy during the bubble years, right?
“I went to the OH. It’s a charming place that’s been rehabbed nicely and is well decorated. Great block. In the current low inventory market I think it will go quickly.”
Thanks KK. Was it crowded at the Open House?
I love this block. One way street which is quiet but you’re near everything. And this building has a backyard AND parking.
It also helps that it’s top floor.
“Should be a nice rental”
A rental? With a wine fridge and custom cabinetry?
Come on. Get into this decade. You’re so out of touch.
“A rental? With a wine fridge and custom cabinetry?”
I said nice rental
What custom cabinetry? The pieces around the fireplace, thats a stretch even for you
Come on. Sober up, you’re so consumed with trying to get one over on me that you continually embarrass yourself
Do.Better.
“I said nice rental.”
Come on @JohnnyU, get it together. We established that this is a no rental building several comments ago. Sober up.
Who established what?
Do better
“ Was it crowded at the Open House?”
Very crowded. According to the list agent, there were multiple offers submitted as of Sunday afternoon. Interesting that it’s not yet under contract.
“Interesting that it’s not yet under contract.”
Possibly have 2 or more overbidders?
Pretty nice but a one bath is a non-starter for me. Also, is Burling north of Diversey the street where one side is a parking garage? I notice they don’t show views out the front window.
“is Burling north of Diversey the street where one side is a parking garage”
Orchard.
The garage entrance for this unit is on Orchard.
btw, this is now showing contingent, as of the 14th.
“btw, this is now showing contingent, as of the 14th.”
Looks like it dropped out of contract though.
“Looks like it dropped out of contract though.”
That’s not what Redfin or Zillow or Compass or Realtor.com or @ or Trulia show.
Where are you getting that info?
Who is it that has direct access to MLS?