Can 1-Bedroom Condos Sell For $449,000 in Lakeview? 3530 N. Lincoln
This new construction 1-bedroom in NorthFort Commons at 3530 N. Lincoln in Lakeview just came on the MLS.
NorthFort is a new construction 14-unit luxury elevator building with a garage.
In addition to this 1-bedroom unit, there are also 2-bedroom and 3-bedroom units.
- 2 bedrooms, 2 baths: at $539,000
- 3 bedrooms, 2 baths at $599,000
There’s no square footage listed on the MLS listings.
These units have contemporary finishes with stained oak floors throughout.
The kitchen has a flat-paneled or Shaker style custom cabinets, Bosch appliances, quartz counter tops and a wine fridge.
This 1-bedroom has a full-sized dining area.
The bedroom has a walk-in closet and the bathroom has a double vanity.
The unit has central air, washer/dryer in the unit and garage parking is included.
The building has a rooftop deck.
It’s near the Addison Brown line stop and shopping/restaurants of Lincoln Street.
The 1-bedroom unit is listed at $449,000 (includes the parking).
In the housing boom, the goal was to get a 2 bedroom, 2 bath condo in the $400,000s.
Is the new goal to get a 1-bedroom for the same price?
Karen Biazar at North Clybourn Group has all the listings. Move-ins will start in June 2019. See the pictures here.
Unit #205: 1 bedroom, 1 bath, no square footage listed
- New construction
- Currently priced at $449,000 (includes the parking)
- Assessments of $173 a month (includes exterior maintenance, scavenger)
- Taxes are “new”
- Central Air
- Washer/dryer in the unit
- Bedroom: 12×12
- Living room/dining room: 27×16
- Kitchen: 15×11
The unit is nice but not even a half bath for this price? It also faces the Metra tracks.
OHMYGAWD!!!! IM SOLD ON THIS. SO CLOSE TO CUBBIES -AND- THE TRAIN (TRACKS). PERFECT FOR A KEGGER EVERY HOME GAME. ONE BATH IS JUUUUST FINE, GUESTS CAN GO TAKE A LEAK AT DUNKIN’ LOLZ.
GO CUBBIES!!!!!!!!!!!!!!!!!!!!!!!!!
OLD STYLE ANYONE??
Absurd….over $400k for a 1 bedroom condo in LakeView? For that pricing, you can buy a nice “luxury” 1 bedroom in streeterville, lincolnpark, gold coast, west loop, etc…
“For that pricing, you can buy a nice “luxury” 1 bedroom in streeterville, lincolnpark, gold coast, west loop, etc…”
Not really. A luxury 1 bedroom at 10 E. Delaware is on the market for $675,00. The least expensive 1 bedroom at 600 N. Fairbanks is $439,000 but parking is $50K more and the assessments are $625 per month versus $173.
These are definitely not apples-to-apples comparisons for a number of reasons but not everyone who wants new and shiny wants to live in a high rise.
not listing the SF for new construction being sold by a developer is kind of criminal, no?
The folks that will buy these don’t care about SF
I wouldn’t expect the $175/mo to be fixed for anything but the near term.
Not bad but not nice enough to be a forever home. If trends stay the same, these will get killed in 5 years when the unlucky couples look to upgrade.
For this amount of money you can rent in a luxury new construction high rise close to downtown with TONS of amenities (so you can network among other young professionals until can network no more) and not be bound by a mortgage, uncertain taxes, insurance etc. If your job says they need you in X location, you just break your lease, pay the penalty (more likely get your employer to pay it), and move on with your life.
Also, in the near term, you can move every year within the core new class-A rental market and max out new lease concessions. Then when the market collapses, you can buy this unit for $325K or move to the burbs and buy a big old SFH.
I personally think a 1BR condo is one of the worst purchases one can make unless they are downsizing for easy living in retirement, the unit is a pied a terre, or they intend to hold onto it as a rental long after moving out of it.
“Also, in the near term, you can move every year within the core new class-A rental market and max out new lease concessions. Then when the market collapses, you can buy this unit for $325K or move to the burbs and buy a big old SFH.”
Lol!
Sounds like a good plan.
Why the hell do people think everyone wants to live downtown? I’ve lived in this area on multiple occasions and prefer it straight up to both Streeterville and RN.
moving every year… yeah thats fun and totally free… no thanks!