A Perfect Blend of Historic Charm and Modern Upgrades: 825 W. Oakdale in Lakeview
This 2-bedroom in 825 W. Oakdale in Lakeview came on the market in January 2025.
Built in 1920, this building has 10 units. It does not have parking but there is “short-term” parking behind the building and street parking.
The building is in the Oakdale historic landmark district, which is famous for its terra cotta wall, homes and buildings. The block was landmarked in 2006.
This is a top floor unit with 9 foot ceilings and plenty of natural light. I don’t think it has an elevator.
The listing calls it the “perfect blend of historic charm and modern upgrades.”
It has hardwood floors throughout and “elegant” crown molding.
It has vintage features like a separate dining room and an entry foyer.
The unit has an “upgraded” chef’s kitchen with white cabinets, granite counter tops, stainless steel appliances, a pantry and an in-unit washer/dryer.
It has a split bedroom layout.
The unit has some of the features buyers look for including the in-unit washer/dryer, space pac cooling but no parking.
The listing says it has “newer” energy efficient windows and there is a back deck off the kitchen which fits a small table for 2.
This building is near the Wellington Brown Line stop, Trader Joe’s, Mariano’s, and the shops and restaurants of central and east Lakeview.
Listed at $350,000, that is $51,000 above the 2016 sales price.
Interested? Better hurry.
The listing says the deadline for offers is today, Monday, Jan 20, 2025, at 4 PM.
“no exceptions. No escalation clauses per seller. Please use 7.0 contract and provide POF or pre approval and signed disclosures.”
Early on Sunday the “no escalation clauses per seller” was not in the public listing. It showed up on Sunday night.
How much over list will this 2-bedroom sell for?
Stephanie Wesson at @properties Christie’s has the listing. See the pictures and floor plan here.
Unit #3: 2 bedrooms, 1 bath, 1000 square feet
- Sold in July 1988 for $105,000
- Sold in June 1991 for $132,000
- Sold in September 2003 for $290,000
- Sold in October 2016 for $299,000
- Listed in January 2025 for $350,000
- Offers due on Monday, Jan 21 by 4 PM. No exceptions.
- Assessments of $343 a month (includes heat, exterior maintenance, lawn care, scavenger, snow removal)
- Taxes of $5840
- Space pac cooling
- Washer/dryer in the unit
- No parking
- Bedroom #1: 13×12
- Bedroom #2: 11×9
- Foyer: 9×4
- Kitchen: 14×9
- Living room: 16×14
- Dining room: 14×12
- Deck: 14×6
The prior sales prices on this unit tell the tale of the housing boom, and bust, in Chicago. It literally has been a 20 year wait for it to be over.
It’s been brutal.
Imagine the 2003 owner who sells 13 years later (a LONG time for any owner, but especially in East Lakeview) and you make NOTHING.
Would have paid down the loan, however. So you built some equity. But you can’t even pay the 5% to the agents.
With inventory so low, it’s finally going to make sense for people to own real estate in Chicago.
“With inventory so low, it’s finally going to make sense for people to own real estate in Chicago.”
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Inventory is not a long-term condition. Beyond-bankrupt finances, population loss, too many politicians (35 too many aldermen), hopelessly corrupt and ineffective education system — those are long term conditions.
Also, no parking.
This property’s marketing is clearly playing the Fear Of Missing Out card. Hard pass