Dreaming of Your Own Huge Private Deck? A 2/2 at 1515 N. Wells in Old Town
This 2-bedroom in 1515 N. Wells in Old Town just recently came on the market.
Built in 2001, this building has 29 units and garage parking.
This unit has 12 foot ceilings and has been “freshly painted.”
There’s a master suite with a walk-in-closet and an en suite bathroom with a double vanity.
The kitchen has white cabinets, granite counter tops and stainless steel appliances.
It has the features buyers look for including central air, washer/dryer in the unit and garage parking is included.
But the real selling point is the massive 28×10 private, fenced deck.
According to the listing pictures, it looks like a blank slate with concrete floors, but an urban garden could easily be created just using potted plants and flowers.
After months of sheltering-in-place for months due to the coronavirus, will properties with big outdoor spaces sell quickly this summer?
Juliana Yeager at @Properties has the listing. See the pictures here.
Unit #3F: 2 bedrooms, 2 baths, no square footage listed
- Sold in June 2001 for $271,500 (parking included)
- Sold in August 2005 for $511,000 (parking included)
- Listed in April 2020 for $535,000 (parking included)
- Assessments of $481 a month (includes scavenger)
- Taxes of $8758
- Central Air
- Washer/dryer in the unit
- Bedroom #1: 18×11
- Bedroom #2: 12×10
- Living room: 18×12
- Dining room: 12×11
- Kitchen: 10×7
- Deck: 28×10
I love a secret terrace/patio but not with balconies hanging overhead….
Terrace looks great for parties, but first you have to squeeze the guests through that 12 foot wide living room, where they’ll go single file between the chairs/coffee table and fire place (actually appears to be less than 9 feet wide due to fireplace!)
that’s computer generated staging right?
that “huge” private deck is
1) not huge and
2) fucking hideous — good god what a depressing sight all around you if its not grey gross cinder blocks its rotted out lattice and power transformers and lines
….but first you have to squeeze the guests through that 12 foot wide living room, where they’ll go single file between the chairs/coffee table and fire place (actually appears to be less than 9 feet wide due to fireplace!)…
It looks like, when the unit was built in 01, fireplace was built out for a tube TV & its crap above it. I would’ve- at a minimum- drywalled over the cavity for a clean flat screen install or ideally, ripped the whole thing out & pushed it all back- flush if possible. Maybe there are utilities in there for other units but the size of the TV cavity makes me think no. Our last place was like this–super annoying to live with.
It looks like, when the unit was built in 01, fireplace was built out for a tube TV & its crap above it. I would’ve- at a minimum- drywalled over the cavity for a clean flat screen install or ideally, ripped the whole thing out & pushed it all back- flush if possible. Maybe there are utilities in there for other units but the size of the TV cavity makes me think no. Our last place was like this–super annoying to live with.”
Not a fan of the gap under the TV? LOL
Personally the broken light in the LR is what cinches it for me.
This place cant be more than 900sf.
Is there really 2 units per floor? The other one on this floor must be ginormous!
Look at that appreciation! Losing money after 15 years? Signals one thing – HAWT Market!
“Look at that appreciation! Losing money after 15 years? Signals one thing – HAWT Market!”
it’s all about timing right. buying late ’05 is just shy of peak.
“it’s all about timing right. buying late ’05 is just shy of peak.”
Depends on ones def. of “shy”
CS Aug 05 -155.6
CS April 07 -171.3
Don’t disagree with the sentiment (there’s other things that will affect ROI as well). But I have it on good authority that the market is HAWT(tm)! Granted this places blows, but it is in OT, I would have expected a little better return
This architect must have gotten his/her experience designing prison cells, based on how narrow the rooms are. Is that supposed to be a living room or a hallway?
The prison theme carries out onto the deck, which reminds me of those little “yards” they give prisoners at Florence SuperMax (home of both the Uni-bomber and the Boston marathon bomber).
Maybe this could serve as a halfway home for prisoners recently released from custody so they can slowly get used to being on the outside again.
Personally the broken light in the LR is what cinches it for me.
Lest we forget the seductively lit 20 yr old master bath that rounds out the experience here.
“Is there really 2 units per floor?”
2 on this floor, 6 on most.
The proverbial most expensive house on the block appears to be this one, which is pretty questionable itself:
https://www.redfin.com/IL/Chicago/1515-N-Wells-St-60610/unit-P52/home/12726389
“2 on this floor, 6 on most.”
Different floors, no? 3F & 6E? Or (2) 4BR on 6th Fl?
Not sure what photo tricks they played, but in photo 22 they managed to make the balconies tip out and the terrace in
Also looks like you’ll get all the aromas from the bar/restaurant to the N. There’s a couple of exhaust fans at the end of the terrace
That’s HAWT!
I can’t believe the realtor who supervised the photography overlooked the burned out lightbulbs in the dining area and master bath.
Nothing says negligent owner like a missed simple fix of the burned out bulb. Surely the realtor could have had his “staging” friend fix that?
Was in town right before Christmas 2019, and ran into the Walgreens at the corner of Wells and North at about 6 pm for a kid’s prescription. Stopped for a few minutes to watch a pretty impressive screaming debate between a guy with an amplifier/mic on one corner vs a guy without an amplifier/mic standing in the middle of the intersection dodging cars.
Is this right above Orangetheory? If it is, maybe with Orangetheory closed for COVID 19 they thought this was their chance to finally sell….I can’t imagine that any amount of noise proofing between floors would be enough to muffle really bad loud music and instructors yelling “encouragement” through microphones.
Also, holy hell on the dated cheap finishes. Drop in sinks? Check. The cheapest drop in sink money can buy for your granite kitchen counters? Check. Home depot tile in the bath? Check. Split face block exterior on the sides? Check. Also, Why monthly association fee so high when you have multiple commercial tenants like this?
I wonder if you are close enough to the…(counts) …NINE electricity transformer thingys to hear buzzing constantly. Since the listing says they can rent this unit out, I think they should try doing that. Maybe a trainer or two from Orangetheory would love it.
“Is this right above Orangetheory?”
The listing says it faces east.
I was thinking this is above the garages that are back in the alley (hence why you have a big deck there.)
“the garages that are back in the alley”
The building has 50-odd parking spaces. The garages have to be all over the place.
So as someone who occasionally goes to this particular Orangetheory – – I think the parking is UNDERNEATH the commercial (I have never been in the parking area here) – – it is not a buffer level between commercial and residential. This unit may be over “Float” studio, which I think is a pretty quiet tenant, but some residential units on this floor are definitely on top of Orangetheory and I have to believe that you can the thump thump thump and instructor countdowns on the regular throughout this level. Also, who is to say that Float won’t ever be replaced by another loud tenant? This is why my cardinal rule is never buy residential real estate immediately above a commercial use.
Closed 512K