A Renovated 2/2 in East Lakeview with Views in Every Direction: 3660 N. Lake Shore Drive
This 2-bedroom in The New York Private Residences at 3660 N. Lake Shore Drive in East Lakeview came on the market in October 2023.
Built in 1987, the New York Private Residences was originally an apartment building. It has 594 units and attached garage parking. It was converted into condos in 2000.
It’s a full amenity building with 24 hour door and maintenance staff, on-site management, a roof deck with city and lake views, a roof top party room, a game room, bike room, a convenience store and a FFC gym on site.
This unit is on the 42nd floor, which is a penthouse level. The listing says units on the penthouse levels, above the 40th floor, rarely come on the market.
It has been “beautifully renovated” and has hardwood floors throughout.
Both bathrooms have been “upgraded” with natural stone, glass and ceramic and have Kohler systems.
The kitchen has new tall crisp white shaker cabinets, Carrera quartz countertops with a breakfast bar, a glass backsplash and stainless steel appliances.
The listing says the primary bedroom fits a king bed, has a walk-in-closet and an en suite bathroom with a walk-in-shower.
There is an Elfa closet system and quartz window ledges.
The unit has “never to be obstructed” views of the Lake, harbor and city.
It also has two balconies with lake views, including one from the second bedroom.
The unit has some of the features buyers look for including central air and deeded parking and storage are included. However, there is no washer/dryer in the unit but the listing indicated that a washer/dryer is permitted in this floor plan.
The listing says the building has $2.4 million in reserves, with no specials pending or planned.
This building is near the shops and restaurants of East Lakeview and Uptown and is across the street from the Marovitz Golf Course and the Bill Jarvis Migratory Bird Sanctuary. There are numerous bus lines and public transportation nearby.
Listed at $548,000, that’s $135,500 above the 2019 sales price of $412,500.
Buyers love “new.”
Will these sellers get their price?
Cathryn Browne at CB Real Estate has the listing. See the pictures and floor plan here.
Unit #4202: 2 bedrooms, 2 baths, no square footage listed, penthouse level
- Sold in December 2000 for $352,500
- Sold in August 2014 for $330,000
- Sold in August 2019 for $412,500
- Currently listed at $548,000
- Assessments of $870 a month (includes heat, a/c, doorman, cable, clubhouse, exterior maintenance, lawn care, scavenger, snow removal, Internet)
- Taxes of $7946
- Central Air
- No washer/dryer in the unit. Coin laundry in the building. Listing says W/D can be added in this floor plan
- Deeded parking and storage included
- Bedroom #1: 12×14
- Bedroom #2: 13×12
- Living room: 17×13
- Dining room: 11×11
- Kitchen: 9×10
- Walk-in-closet: 7×10
- Foyer: 5×12
- Balcony: 6×8
- Balcony: 6×8
Works well as a 1Br and views are awesome. Having a continuous balcony Vs being split would be a lot more useful. Updates look like a HD special
Unless you really, really love this and the location for your forever home, $100k + $5k/Mo and no laundry make renting a much more attractive option
Are those east views safe from future development?
“Are those east views safe from future development?”
They are building two mid-rise buildings there which shouldn’t block this unit.
“Unless you really, really love this and the location for your forever home, $100k + $5k/Mo and no laundry make renting a much more attractive option”
Until they build the new rental building directly in front of this one (which is going to be awesome), there aren’t a lot of new buildings in this neighborhood. And most don’t have views. Could rent IN this building, I’m sure.
“Are those east views safe from future development?”
This: https://chicago.suntimes.com/business/2020/4/27/21238814/lake-view-apartments-developer-pushes-plan-lake-shore-drive-site
appears to be the still current proposal for the site. Dunno where it stands today, but if that were built, then 42d floor view would be safe.
Kitchen and both baths are much better than in ’19–I still don’t really care for the reno, but at least the rooms are now 2020s-apartment grade, rather than 1990s apartment grade.
Invsco conversion, right? They screwed so many people–that Dec-00 price + CPI=
Aug-14=$482k (46% over sale price)
Aug-19=$520k (26% over sale price)
Now=$623k (14% over ask, w/o accounting for the reno, which cost somewhere between $10k and $200k)
“Could rent IN this building, I’m sure.”
Don’t (quickly) find any 2 beds currently listed. But there is this listing from 2 years ago (yes, i know the market has changed meaningfully)
https://www.atproperties.com/10982748/3660-n-lake-shore-drive-1413-chicago-illinois-60613-nei
But even +50% is still way less than buying–tho I would bet it has mostly the 1998 apartment-grade finishes.
Previous listing photos are terrible but more truthful about how not spacious this unit is. There is something about the reno that is off putting… maybe because they could have put laundry in and didn’t…as such this lives like a rental. Maybe they thought that if they called it “The New York” they could get away with no in-unit laundry?
If this is a penthouse why are the rooms so cramped and the ceilings so low? Oh yeah, it was built in 1987. Heck, I remember them building it.
Great views, however.