Buy a 3-Bedroom 27th Floor Gold Coast Penthouse For Under $800,000: 1122 N. Dearborn
This 3-bedroom top floor “penthouse” unit at 1122 N. Dearborn in the Gold Coast just came on the market.
Because it is the top floor unit, it has 12 foot ceilings and large windows.
There are hardwood floors throughout.
The kitchen has SubZero, Viking and Miele appliances, granite counter tops and cherry cabinets.
The unit has central air. It doesn’t say anything about washer/dryer in the unit (or in the building) but other units in the building have it in the unit.
It also has the rare 2-car parking, which is included in the price.
Another penthouse unit, #27I, is also on the market. It is a 2/2.5 but WAS a 3-bedroom. Apparently, the third bedroom was converted into a master bathroom (!). That one is listed at $744,000 but 2-car parking is $50,000 extra.
At $799,000, is this 3-bedroom a good deal?
Timothy Salm at Jameson Sotheby’s has the listing. See the pictures here.
Unit #27J: 3 bedrooms, 2.5 baths, no square footage listed, 2 car parking
- Sold in August 2004 for $867,500
- Currently listed for $799,000 (includes the parking)
- Assessments of $1113 a month (includes a/c, gas, doorman, cable, heat)
- Taxes of $8580
- Central Air
- Washer/Dryer in the unit (?)
- Bedroom #1: 16×13
- Bedroom #2: 12×15
- Bedroom #3: 13×15
For only a little more than three quarters of a million dollars, I can have a kitchen right in the middle of my living room! No thanks.
The units do have in unit laundry. All of them to my knowledge
good price for location and 2 garage spaces
“For only a little more than three quarters of a million dollars, I can have a kitchen right in the middle of my living room! No thanks.”
Kitchen?? I thought that was a small wetbar, but at least it has the miele37db dishwasher, which I guess would have to double as a place to store plates.
All things considered, not bad if it can close in the low $700’s. But it’s really a two bed. The French-doored room with a t.v. is just that: another living space within which the tube is watched. Looking at the place that way, the kitchen/living area layout isn’t so bad.
Its a good price and value. It sold $800K in 2002 and we are back to 2002 prices. There is a shortage of 3 bedrooms in downtown so I think this will go fast.
This seems like a decent deal since it includes 2 parking spaces. I like the kitchen. I wish it had a full wall by the island. I like kitchens that are tucked away and out of site.
Again, having two or more dishwashers would solve the storage issues.
How is the kitchen 19X10?
Interested in a higher floor penthouse?
Check out THIS one.
http://www.redfin.com/IL/Chicago/401-N-Wabash-Ave-60611/unit-89A/home/40378913
When is Vince Vaughn going to list? (remember that rumor from about a year ago?) NOW is the time. The rich are buying real estate again.
Good price, it will go fast and very close to ask.
Nice part of the street too…
Cheaper to rent a changing view
—
“Interested in a higher floor penthouse?
Check out THIS one.
http://www.redfin.com/IL/Chicago/401-N-Wabash-Ave-60611/unit-89A/home/40378913“
“The rich are buying real estate again.”
$2M+ sfh/condo/th closed in Chicago thru 5/29 of each year:
2012 40
2011 43
2010 66
2009 46
2008 89
2007 65
2006 63
2005 52
2004 39
2003 13
2002 21
2001 18
2000 14
1999 3
1998 6
Two words….Russian Billionaire
Unfortunatley they don’t seem to be too active in the Chicago real estate market.
Interested in a higher floor penthouse?
Check out THIS one.
http://www.redfin.com/IL/Chicago/401-N-Wabash-Ave-60611/unit-89A/home/40378913
When is Vince Vaughn going to list? (remember that rumor from about a year ago?) NOW is the time. The rich are buying real estate again.
man oh man. $2,200 a SF in Chicago.
how to describe that listing price…for a raw space mind you…ambitious?
just for shits and giggles i’m on record it closes at $21.39MM. that’s $1500/Foot.
throw $500/Foot in to make it the best place in town and then I could see, hypothetically at least, getting $2,000/Foot.
i would be interested but no outdoor space is a deal breaker for me.
=)
In case you can’t afford you 1100 / mo in assessments, there are ample currency exchanges nearby! Also, you could pickup extra work slanging rock.
“Also, you could pickup extra work slanging rock.”
In front of Popeyes?
Echoing a previous poster, does EVERY PLACE have to have an “open” kitchen in the middle of the main living space? I would want to renovate the living area to completely enclose the kitchen, but then it would be unbearably claustrophobic and you could see right away that it doesn’t have enough work or storage space. It is a kitchen for snackers and people who live in restaurants, or order everything up from grubhub.com.
By and large, this is a nice place for the price asked, especially since it’s a real penthouse and not just a top floor apartment. But the kitchen is tiny, no place you can really cook if you are someone who is heavily into cooking, and it mars the main living space. Maybe it’s just me, but I hate looking at a kitchen full of dirty cookware while I’m eating and having an after-dinner drink and conversation.
I like the “television room”- would make a great home office. But this really is a two-bed apartment.
“Two words….Russian Billionaire”
three words: Israeli-Russian billionaire
The monthly assessments are more than the monthly RE Taxes, you don’t see that often.
Helmethofer, due to his anti-semitism, assumes if someone is a billionaire, there has to be a Jewish connection.
No balcony = no dice
Meant to say no FRONT balcony
Dan #2, Who are you trying to BS here?
I consider the term “Russian billionaire” to involve terrible negative connotation, and it’s simply not fair to slur and defame “Russians”, when the mafia/oligarchs/billionaires that we all talk about are Russian Jews. Stop it.
Don’t make me type out a list, people aren’t stupid. We all know who is the owner of Chelsea FC and who all the rest of those guys are.
Helmethofer,
I’m not sure why I’m bothering to argue with you, but there are definitely Russian oligarchs who aren’t Jewish. And to assign the term “Israeli” to the ones who are Russian and Jewish underscores your anti-semitism further. Basically you’re saying if someone is Jewish, wherever they live, they’re Israeli. It’s like saying all Catholics are actually allegiant to the Vatican, another slur that prejudiced people like yourself have made over the years.
“Basically you’re saying if someone is Jewish, wherever they live, they’re Israeli”
Our ex-Hassidic friend Dan is not really incorrect on that one. From Israels standpoint you are. It is called the law of return. As for going from pogroms to Tevye now rockin the clubs with Crystal in one hand, a spread of Osetra and blinis, and X’ing out with the fine tall babes St. Petersburg has to offer. Not bad!!!
“$2M+ sfh/condo/th closed in Chicago thru 5/29 of each year:
2012 40
2011 43
2010 66”
Thanks for the info G. I realized when I said it that I would probably be proven wrong. I think it’s really just lack of inventory that is skewing people’s perceptions. Curbed, Yochicago and I all cover the same 10 trophy properties (like the trump penthouse.) In prior years, there were probably 20 of them listed. So now when 1 or 2 of them sell- it seems hotter than it really is simply because there is less inventory (and I also really DO notice when something sells now.)
Someone recently told me that the housing market was really hot. I asked them why they thought that. They said that a friend had put in an offer on a townhouse and it got 3 contracts over the weekend. So there was a pseudo-bidding war going on.
Sounds like the sizzle right?
Only the sellers had priced it under the 2001 price by $20,000 (even though they had put in new bathrooms and other updates in the 11 years they owned it). So the sellers were still going to lose quite a bit of money. The bidding war was simply the result of a lack of properties on the market.
I still believe that as word gets out that some things are selling quickly- others that aren’t underwater will start listing. But we’ll see.
“When is Vince Vaughn going to list? (remember that rumor from about a year ago?) NOW is the time. The rich are buying real estate again.”
I called it a few days ago! Maybe Vince reads Crib Chatter. LOL!
He just listed in the Palmolive. No pics (yet.) $18.4 million. He paid $12 million.
http://www.coldwellbankeronline.com/ID/2670038
Things have picked up a little. I think that the upcoming recession will put a damper on things. No way we can avoid a recession as the rest of the world is in a downward spiral.