Does Parking Matter? $25K Reduction on Renovated Vintage at 2157 N. Seminary
We last chattered about this 2-bedroom vintage rehab at 2157 N. Seminary in Lincoln Park in early April.
It has since been reduced another $9,100.
It has Ann Sacks tile in the kitchen and around the fireplace. It also has a large back deck. But it’s missing deeded parking.
Diana Peterson at PMD Realty has the listing. See more pictures here.
Unit #B: 2 bedrooms, 1 bath, no square footage listed
- Sold in June 1990 for $154,000
- Sold in November 1992 for $235,500
- Sold in March 2004 for $270,000
- Originally listed in February 2009 for $424,900
- Reduced
- Was listed in April 2009 for $409,000
- Reduced
- Currently listed for $399,900
- Assessments of $265 a month
- Taxes of $4152
- No Central Air
- Fireplace
- In-unit W/D
- No parking
- Living room: 17×12
- Dining room: 11×8
- Kitchen: 13×10
- Bedroom #1: 16×10
- Bedroom #2: 15×9
No need to worry about parking, the listing clearly states that there is easy street parking… WTF
2 pictures of the inside of a closet, but no shots of the living room???
Total gut rehab, but no central air???
The unit does not seem to have the look of 400+ per square foot.
Sabrinas main title is wrong. The address is 2157 Seminary, which she does have correct right below the title. Look down the street to 2159 Seminary and you will see a better priced unit, $349,900. It is not as upgraded, but I do not believe the upgrades of 2157 justify the 50K markup
The “virtual tour” (just the same photos) findable thru redfin, identifies the pic of the dining table as the “front” room. And that room looks bigger than 8×11, plus, that window wouldn’t be in the mid-unit location of the dining room. So I think they have an atypical set-up to the apartment, not that anyone else would need to follow.
For a 2/1 with no central air, no parking this thing is priced about 100k too high. Now if it had another bathroom, and a parking space I could see it getting 400k, but this is just a “wishing price”.
Also that “large back deck” is shared with your neighbor.
Chef’s Kitchen? Why is she saying that? My only guess is because the non-commerical oven that looks dated has a vent hood?
Parking is not easy – its all taken by DePaul students with the U just 1 block away. oh yea and the noise they make
I’m the biggest Lincoln Park cheerleader on here, and even I think this is absurd.
Around $300. When people start getting up to $400k they want parking and 2 baths. That simple. Units at that price point are most likely going to be bought by a couple and two baths is mandatory.
“Chef’s Kitchen? Why is she saying that?”
Because it’s not untrue–there is no generally accepted set of requirements–and they think it will help sell the apartment.
“I’m the biggest Lincoln Park cheerleader on here”
No…no, you’re not.
#
Bob on May 8th, 2009 at 12:33 pm
“I’m the biggest Lincoln Park cheerleader on here”
No…no, you’re not.
It’s Heitman’s little baby, Lincoln Park…
no central air, no parking, 1 bathroom. maybe the fridge is packed with $100 bills?
$270,000
Ah, thanks anon. Well in that case call every kitchen a chef’s kitchen.
The bathroom is really nice, but small.
285k, absolute max.
2159 #A (the one a few doors down at 349k) also has 2 full baths.
As for easy street parking, after 6 it is relatively easy, since the DePaul students have gone away and this block is a lot of large single families.
Hard to see this selling for more than $300-$325. Both the original listing price and thre revised listing price seem too optimistic.
A chef’s kitchen is characterized by those things that are common in commercial kitchens. You will basically find items such as an over sized cooktop, (usually 6 burners) with an oversized venting system, a double oven (usually a convection oven and a basic oversized oven, large microwave, a large double door refrigerator (sometimes with glass doors) metal or stainless steel cabinets, countertops and drawers. Of course it would probably have a hanging pot and pan holder over the island counter (or perhaps a wall with enough space to hang all pans and utensils. There would be an oversized food storage room (pantry). Large double or triple sinks with an industrial type faucet that has a hand held nozzle. And of course a lot of counter space. Frequently there are floor drains as well on a brick or concrete floor. It would be large enough for a chef to prepare a meal for, say 100 people with no problem.
I looked though the specs of my kitchen to see what it included to be certified a chef’s kitchen. After nearly 10 years and hundreds of large scale meals prepared in it, it still looks brand new as the metal surfaces last forever. If you do spend a lot of time entertaining, it does pay off to invest in such a space.
For a realtor (obviously and uneducated one at that) to claim this condo’s kitchen IS chefs kitchen is simply a marketing/sales trick that sounds good on paper, but is not at all correct.
Certified a chef’s kitchen? LOL
The brick you refer to is probably quarry tile. For a commerical kitchen, the hood would need a fire supression system and the walls need to be wipeable.