An East Lincoln Park 2/2 with Four Swarovski Crystal Chandeliers: 460 W. Deming
This 2-bedroom at 460 W. Deming in East Lincoln Park just came on the market.
I can’t find out when this building was built, but it’s a vintage building with 6 units and deeded parking behind the building.
It was converted into condos during the housing boom in 2007.
The listing says this unit has been “meticulously renovated.”
It has crown molding, wall moldings, ceiling medallions and 4 Swarovski crystal chandeliers throughout.
The living room has a fireplace with a new Carrera marble surround and built-in bookcases.
The kitchen has been renovated with a new island. It has white cabinets, new stainless steel appliances and Vermont Danby marble counter tops.
The dining room has a built-in dry bar with a wine refrigerator.
The primary suite has a sunroom, a walk-in-closet and a spa bath with double vanity.
The second bedroom has a wall of custom storage.
The second bathroom also has a double vanity.
There’s a sound speaker system throughout, custom window treatments, and a new security system.
It has 2 south facing Juliet balconies as well as a back deck, accessed from the kitchen.
This unit has the features buyers look for including central air, washer/dryer in the unit and a deeded parking space directly behind the building.
This building is in a prime East Lincoln Park location, near shops, restaurants, grocery stores, coffee shops and Lincoln Park.
Listed at $699,000, that’s $146,500 over the 2012 sales price of $552,500.
Will it get the premium?
Jennifer Ames at Engel & Voelkers has the listing. See the pictures and floor plan here.
Unit #2E: 2 bedrooms, 2 baths, 1570 square feet
- Sold in January 2007 for $587,000
- Sold in November 2012 for $552,500
- Currently listed at $699,000 (deeded parking space behind the building included)
- Assessments of $462 a month (includes exterior maintenance, lawn care, scavenger, snow removal)
- Taxes of $10,468
- Central Air
- Washer/dryer in the unit
- Gas fireplace
- Bedroom #1: 12×18
- Bedroom #2: 11×13
- Living room: 14×18
- Dining room: 16×13
- Sunroom: 9×5
- Deck: 11×10
- Kitchen: 13×12
Literally across the street from a hospital
There’s not a $146k premium from the last sale as they’ve invested a fair bit of coin. If a basic pergola costs $100k, the “custom paint” has to be worth $25k alone.
$140k down and $4k/mo? Hard pass
Redfin is finally showing rates > 3%
No photos of the living room? Strange. And, as Johnny notes, it’s right across from a large and ugly medical building and its equally ugly garage.
The work done on this unit seems pretty commendable, but I’m not sure if it was money well spent considering the size and location. Calling the table in the kitchen a “dining room” is also a stretch.
Not bad at the last price, but this one seems too high.
No photos of the living room? Strange.
Has the listing been updated? B/C pix 2,3, and 4 are of the living room.
Nice reno, but $700k for a 2 bed in this location seems a little steep.
Nearby similar homes brings up this one:
https://www.redfin.com/IL/Chicago/452-W-Roslyn-Pl-60614/unit-2E/home/13365674
2bd/2ba on Roslyn for $385K. Needs work but seems like kind of a deal.
(Not a comp for the subject property b/c it’s quite a bit smaller, but it’s interesting)
Also, the chandeliers are lovely, but are they really call-out-in-the-listing-worthy?
You’re right. I see the LR now. I don’t know how I missed. Thanks. The Roslyn one does look like a better choice.
Looks like it was renovated to sell. The muted neutral colors to no offend a buyer. But reno looks to be well done and the ability to mix “home depot” stock with higher end finishes has been executed very well.
Thumbs up!
The question is even with parking, is the lack of outdoor space and home office hurting these types of condos in our new reality?
The back deck overlooking a large parking structure is far more offensive than being across the street from the clinic. The main entrance to the clinic isn’t on Deming, so this stretch is still pretty quiet and is more residential than commercial.
The location, with proximity to the park/lake and to businesses on Clark, is otherwise A+. LP listings east of Clark street that are neither high rises nor over $1M are rare. Good find on the Roslyn property, though it does not have parking.
“https://www.redfin.com/IL/Chicago/452-W-Roslyn-Pl-60614/unit-2E/home/13365674
2bd/2ba on Roslyn for $385K. Needs work but seems like kind of a deal.
(Not a comp for the subject property b/c it’s quite a bit smaller, but it’s interesting)”
The subject property is more like 1250sf, not 1500=+sf
Throw $75k into the Rosyln place and you have a winner and as an added bonus, the woodwork isnt painted
I lived on the corner of Deming at Lakeview for a couple years. While yes, the main entrance to the clinic isn’t on Deming (i.e., it’s not like living across from an emergency room entry), it’s still directly across from a big and not especially beautiful medical building (specifically, its garage/loading dock). The addition of the really nice resi properties directly east of the hospital is a big improvement, but when walking west up to Clark from our place, I recall the vibe changing a bit once we passed Hampden (especially at night).
There should not be any TV over the fireplace in this otherwise nice unit, but the space this seller is forcing on would-be buyers is too high and too small for most buyers’ TVs.
Hey, Groove! Now we need Jenny and Clio to swing by.
“Literally across the street from a hospital”
Is anyplace where doctors have offices a hospital? Hmm
Loading dock and parking garage entrance/exit is a super shitty across the street view, of course.
“the chandeliers are lovely, but are they really call-out-in-the-listing-worthy”
If I let them take them, would they give me $10k off the price?
“the lack of … home office”
C’mon Groove! This place is a 1 Bed + Den/office, with the sunroom as a usable 2d occasional office space.
The question is: who’s paying $700k for a 1bd+office??
“C’mon Groove! This place is a 1 Bed + Den/office, with the sunroom as a usable 2d occasional office space.
The question is: who’s paying $700k for a 1bd+office”
Sweet Location, parking, and a well done unit. 700k ain’t that bad. This will sell quick as it ticks all of the boxes for someone looking.
Any other time i would say ‘rent is too dang high’, but lack of quality inventory seems to make pricing lala land.
“Hey, Groove! Now we need Jenny and Clio to swing by.”
You back in Chicago or still out west?
“but when walking west up to Clark from our place, I recall the vibe changing a bit once we passed Hampden”
Is Fire Cakes really that crazy?
Still out west. Ha. I don’t remember Fire Cakes being there before we left town (though spent 2 years on Webster after Deming/Lakeview, so it may have opened and I was oblivious). I certainly gained a few pounds being a regular at Molly’s Cupcakes. Voodoo Doughnuts is the rage out here.
“Any other time i would say ‘rent is too dang high’, but lack of quality inventory seems to make pricing lala land.”
Welcome back Groove77.
Maybe miumiu and clio will show up soon too?
There’s almost no quality inventory out there. Anything completely remodeled and move-in ready will sell pretty quickly.
Nice seeing you back, Groove. And we do need Clio and Jenny. Where are they? And Miumiu.
I lived at 2626 N. Lakeview for years and I agree, the streetscape on Deming really changes for the worse when you go west of Hampden. What a shame that such an ugly complex was built on a residential street. Makes you wonder who paid off the alderman to change the zoning back a few decades ago, and what was there before they built that monstrosity.
“Nice seeing you back, Groove. And we do need Clio and Jenny. Where are they? And Miumiu”
Oh shyte, I just realized Jenny and the ‘rona would be a bad combo. Those poor Tortoises.