Be Transported to Italy with a Rooftop Garden Oasis at 1862 N. Dayton in Lincoln Park
This 6-bedroom Italian villa at 1862 N. Dayton in Lincoln Park came on the market in September 2020.
This is a custom built home constructed on 2 lots in 2001-2003 by owners who loved Italy.
Dennis Rodkin at Crain’s recently interviewed the owners:
Most rooms are well lit by the sun, because while this house is, like many in Chicago, long and slender on its lot, it’s essentially turned sideways, with the broadest face of the house facing a similarly long and narrow side yard. The Curcios bought two neighboring houses, one in 2001 and the other in 2003, tore one down to make the side yard and renovated the other into the villa they have today.
The house has a 3-in-1 great room with a double-sized chef’s kitchen with breakfast bar and a billards room with an imported double sided stone fireplace.
Four of the six bedrooms are on the second floor, the fifth bedroom is on the third floor and the sixth in the lower level.
The primary suite has a fireplace, tiled balcony, 2 walk-in-closets and a Hydrology spa bath.
The lower level also has a media room and large exercise room.
Like a villa would have in Tuscany, there are several outdoor areas including a private front entry, a side yard with gardens, a covered stone patio off the main floor family room with a built-in gas grill, and a tiled balcony off the primary suite on the second floor.
But the piece de resistance has to be the rooftop patio which has an Italian inspired outdoor fireplace, perennial gardens and trees, a built-in grill, a steel pergola and a secondary kitchen all with skyline views.
The house has a heated 3-car garage and a carport.
According to Dennis Rodkin at Crain’s, with August seeing 10 sales of properties over $4 million in the Chicago metro area, above the average of 4 over the last 3 years, will this Italian-style home find a buyer quickly?
Anne Rossley at Baird & Warner has the listing. See the pictures here.
1862 N. Dayton: 6 bedrooms, 7 baths, 8231 square feet, single family home
- Lot #1 sold in May 2000 for $1.28 million
- Lot #2 sold in June 2003 for $900,000
- Currently listed at $4.9 million
- Taxes of $45,812
- Central Air
- 3 fireplaces
- 2 built-in grills
- Double lot of 50×125
- 3-car heated garage
- Bedroom #1: 19×17 (second floor)
- Bedroom #2: 19×12 (second floor)
- Bedroom #3: 12×21 (second floor)
- Bedroom #4: 16×11 (second floor)
- Bedroom #5: 22×17 (third floor)
- Bedroom #6: 16×11 (lower level)
- Living room: 19×17 (main floor)
- Dining room: 19×17 (main floor)
- Kitchen: 28×16 (main floor)
- Family room: 23×23 (main floor)
- Media room: 20×19 (lower level)
- Exercise room: 32×18 (lower level)
- Game room: 19×15 (main floor)
- Balcony: 22×7 (second floor)
- Roof top deck: 61×19 (third floor)
Nice that they didn’t go on trend in the kitchen
Sabrina – Thats a $100k pergola
The photos don’t highlight much for views from the balcony
Furnishings aside, I’m surprised at how well done this is, especially the landscaping. Usually ideas like this are bad, porrly thought out, poorly executed and lead to the most aweful incarnations. I can actually appreiate this one.
“Tuscany in Lincoln Park!”
WHY WHY WHY
“I’m surprised at how well done this is, especially the
[line break]
landscaping”
Have to admit, I was surprised to see the landscaping called out as the thing of special note–I totally agree that outdoor space is well laid out to be useful and attractively planted.
Seems very “Disney” to me, with all the applique stone, etc etc. Just seems a little over the top. And the kitchen (imo, not necessarily objectively) sucks.
The yard, garden, patios, balcony, etc are lovely. The house itself? Not so much.
It feels like there was a disconnect between whomever designed the grand exterior of the home and gardens, and whomever picked out the lackluster finishes for the interior.
Also…that kitchen belongs in a $400k condo — not a $5M house!
Tuscany? Sure, some aspects of this make me think of an Olive Garden. The kitchen layout isn’t ideal (I am mainly thinking of the oven placement relative to everything else), but other than that it most definitely is nicer than anything you will find in a $400K condo. It is just out of sync with the rest of the design of the home. The furniture suggests someone who became a high earner in the 1980s early 1990s with an affinity for PoMo. Delightfully tacky yet unrefined. I do love aspects of the home such as the roof top area, the landscaping, the exterior generally, the blue bathroom,the wine collection lol….all of those are rather nice. $4.9MM? This will be on the market quite some time.It is looking for a specific buyer who happens to also be high net worth….gonna be like finding a needle in a haystack.
This is what happens when the SO refuses to move to FL. FL comes to you.
Are those taxes for both lots? If so, the AV suggests that the City thinks this is worth a bit less than $4.9MM. So either they come down $2MM on the ask or this should get hammered in the next triennial assessment.
“Are those taxes for both lots?”
Nope. Another $19,500 for the second lot and the bit of the house on it.
So taxes are actually ~$65k.
This is the kind of ultra-opulent and fussy home that aldermen have allowed to deface what once was a well-scaled neighborhood. The tax dollars are just too good to pass up, I suppose.
Even if I had $4 million, I’d be embarrassed to live in such a monument to ego. There are ways to build an expensive and elegant SFH in LP without pretending it’s an Italian villa. This place just isn’t right in so many ways.
I used to live by here and walked by it often. I love this place on the outside, the grounds really are unique in the city. The inside isn’t bad either, but not quite my thing.
The tax dollars are just too good to pass up, I suppose.
————————————
Covid et al will eliminate City government opposition to gentrification, particularly gentrification “without displacement.” Look for a lot fewer demands on developers and gentrifiers. Chicago cannot live without the increased property taxes and fees from gentrification. It can live without the poor.
“Chicago cannot live without the increased property taxes and fees from gentrification.”
Chicago is not subject to PTELL, and can increase property tax levies w/o gentrification.
Without PTELL applying, the only thing that gentrification does is shift around who is paying the levy. So it is a political boon w/r/t the outer hood homeowners who see their taxes not go up as much.
CPS, on the other hand, does get to increase their levy more if the AAV goes up more.
“Tuscany? Sure, some aspects of this make me think of an Olive Garden.”
We own a home in Italy. This house is not Italian, but an American’s idea of Italian, so “Olive Garden” is the appropriate description! We had some custom cabinetry work done at our house in Italy by a company that, among their works, retrofits salvaged doors and other architectural elements from destroyed castles and palazzos. The owner of the company told me that he gets a lot of orders from designers in Texas, to be shipped at exorbitant cost to would-be Tuscan-style villa home owners there, and he said their idea of what is Tuscan-style is laughable! He said their bad taste is only rivaled by equally active business he gets from Russians!
I lived right down the street, the owners teenage kid used to throw some rager parties at that place.
Chicago is not subject to PTELL, and can increase property tax levies w/o gentrification.
————————————
Nobody said Chicago couldn’t increase tax rates. Gentrification increases tax revenue WITHOUT increasing tax rates, which is the important thing to voters and politicians. The fact that the city could increase tax rates on an increasing tax base only adds even more money.
Like I said, Chicago can live without the poor. I cannot live without more revenue.
“Gentrification increases tax revenue WITHOUT increasing tax rates”
No, it doesn’t. Gentrification reduces tax rates needed to obtain the same tax revenue.
There is not a tax rate determined and then applied to values to get the tax collected.
The aggregate tax levy is determined, and the aggregate (equalized) assessed value determined, and the rate is then calculated.
Read the Clerk’s report, which explains it quite well:
https://www.cookcountyclerk.com/sites/default/files/pdfs/2019%20tax%20rate%20report.pdf
” Gentrification reduces tax rates needed to obtain the same tax revenue. ”
———————————–
And Chicago will need more money after Covid, so it will need more revenue from the tax base. Increase the tax base by gentrification and the amount of tax rate increase needed goes down.
Gentrification affects the second factor you cite; the aggregate assessed value.
Like I said — Chicago needs the money, not the poor, so the city will get a lot friendlier to gentrifiers.
$5 million? Why? Also, that kitchen is hilarious at this price point.
“Increase the tax base by gentrification and the amount of tax rate increase needed goes down.”
That isn’t at all wrote you wrote above. Either you’re trolling, or you’re just like your favorite president, and incapable of admitting error.
Given your passion for your former neighborhood’s boundaries, Cook’s rates it a toss-up.
$950k price cut on 9/20.
sizzle!
“$950k price cut on 9/20.”
Plenty of other luxury properties going under contract. Another one just went under contract priced at over $4 million in a Streeterville high rise.
So, yeah, sizzle.
It is super hot out there. There are simply too many luxury properties compared to the under $1 million crowd.
Another price cut on 1/22, available now for $3.6m.