Are 3-Bedroom Condos Still Hot? A Vintage 3/2 in East Lakeview at 610 W. Surf
This vintage 3-bedroom at 610 W. Surf in East Lakeview just came on the market.
This 8 unit building was constructed in 1906.
It has many of the vintage features of that era including tall ceilings, original window trim and a fireplace (which is now gas.)
However, the unit has a unique layout with the kitchen and dining room in front of the unit, both with south facing windows.
The kitchen has wood cabinets, granite counter tops and stainless steel appliances.
It has all the features buyers look for including a renovated laundry room, space pak cooling and a deeded outdoor parking space behind the building.
This building is in the Nettelhorst school district.
Three bedroom condos have been hot the last few years because they were often large enough for a family to age in place past the toddler years.
Are these larger condos still in demand by settling down Millennials?
Michael Kaufman at Jameson Sotheby’s has the listing. See the pictures here.
Unit #3A: 3 bedrooms, 2 baths, 1890 square feet
- Sold in June 1990 for $174,000
- Sold in December 2004 for $400,000
- Sold in July 2010 for $430,000
- Currently listed at $510,000 (includes the parking)
- Assessments of $331 a month (includes gas, heat, exterior maintenance and snow removal)
- Taxes of $9473
- Space pak cooling
- Washer/dryer in the unit
- Gas fireplace
- Bedroom #1: 16×10 (with carpet)
- Bedroom #2: 13×11 (with carpet)
- Bedroom #3: 13×14 (hardwood)
- Living room: 15×12
- Dining room: 20×12
- Laundry room: 20×6
Nice location and building. I toured a different unit here a while back and while it wasn’t a fit, I was impressed with the building and how the high ceilings gave an unusually airy feeling. I see this unit has two storage lockers, they need it because if it’s anything like the unit I looked at, then in-unit storage was seriously lacking.
I think this will sell in a reasonable amount of time.
seems like a pretty good deal, I would imagine this sells quickly
I like the building and the look of the place overall, but again I want a floorplan. The layout might be a problem for me if you can’t switch it up, as I don’t care for how the main living area is small and in the back with no fireplace and only the little window out the back with the air conditioning right below it. The dining room and eat-in area are charming, so if you could rearrange it some it might work better, but given the kitchen location it might be challenging.
The rooms being all nice-sized is good, but the master being not really any bigger might be an issue for a couple with a child.
I like having the space with the washer and dryer, as storage is always an issue in condos, IME.
Anyway, given the size and location seems like a reasonable price.
Taxes seem on the high side…
“Taxes seem on the high side…”
AV is 44,003, which seems pretty reasonable with that last sale.
New AV is 44,903, which is still pretty reasonable, but will represent an underassessment, if they get ask.
That’s just what city taxes are now.
Place is pretty nice (and around 400 sq ft bigger than the SFH we just purchased).
I live in an elevator building with a child and that is challenging. I couldn’t imagine living on a third floor walk up. Kids are slow, forget things, want you to carry their things when they are tired, the list is endless.
It is nice, and Iknow everyone is going to disagree with me, but I’d rather save $200k and buy this 3 bedroom with more light just as close to the lake.
https://www.redfin.com/IL/Chicago/512-E-Oakwood-Blvd-60653/unit-3/home/12615530
Maybe that is just because this condo is nearly as much as we paid for our 4 bedroom house with a huge yard and a 2 car garage.
“Taxes seem on the high side…”
“That’s just what city taxes are now.”
No, they’re not that high. Homeowner’s exemption hasn’t been taken in the last 2 years.
I think this is one of those “locationlocationlocation” situations. If the adults in the family want to be close to the night-life and other amenities that East Lakeview has to offer, plus being in a good school district for the kids, this will be an attractive alternative to a single-family house.
“No, they’re not that high. Homeowner’s exemption hasn’t been taken in the last 2 years.”
Yes, they could have been $500 less.
Dan #2: Would you have not said that had the taxes been listed as $8973?