Following the Market Down for 3 Years: 20 E Goethe in the Gold Coast
This 1-bedroom duplex down unit at 20 E. Goethe, a vintage mid-rise building, in the Gold Coast has been on and off the market since April of 2006.
Along the way, it has been reduced $45,000.
It is a unique unit in the building in that it has 2 bathrooms as well as an in-unit washer/dryer. A sprial staircase connects the bedroom with the upstairs living area.
The unit has wall units instead of central air and no deeded parking.
What will it take to finally sell this property?
Gregory Walzel at Re/Max Signature has the listing. See the pictures here.
Unit #106: 1 bedroom, 2 baths, 900 square feet
- Sold in September 1998 for $53,500
- Sold in September 2004 for $200,500
- Originally listed in April 2006 for $270,000
- Cancelled in November 2007 listed at $245,000
- Listed in January 2008 for $245,000
- Cancelled in June 2008 listed at $225,000
- Listed in March 2009 for $239,000
- Reduced
- Currently listed at $225,000
- Assessments of $291 a month
- Taxes of $1990
- Living room: 20×11
- Kitchen: 9×7
- Bedroom: 22×12
- Washer/Dryer in the unit
- No central air- window units
Hmmm. 900 sq ft duplex – very small footprint. Priced to make a profit off of 2004 price. And amateur photos.
This unit is in some serious need of professional staging – and decent photos.
Anyone think $53k was too low for this in ’98? What am I missing?
A. take some real pictures; don’t use your sprint flip phone’s camera. B. Ikea has some really nice kitchen packages starting at 4k; might not be as sturdy as Kraftmaid but at least they look good and do come w. a good warranty if Ikea installs them. C. Act like you want to sell it! Decorate, paint, add some real adult furniture. This place reminds me of my college appt, especially that dining set
DC, you’re missing nothing. I remember when this place converted from rental units. They were offering very good deals to the tenants.
Call me crazy but this place -might- sell at its current asking. It is unique enough, big enough, close to the El, and the assessments aren’t crazy. Drop it to the 2004 price so the next owner saves some cash to install central air and it will sell.
I’ll take it for the 99 price.
not bad, great location, used to rent across the street in an old 3-flat. The top floor units in that building are pretty nice, and have parking, unlike this one.
If you made some updates to the place, I think it might be worth it, and an easy rental for sure.
Spiral staircase….yuk. Other than that not bad.
How hard is it to make 900 square feet look good? Apparently too hard for this seller and agent. What lazy folk. This is not my cup of tea but having the duplex in a nice location with reasonable assessments is very appealing to many – just not when it looks like this.
Is that a duplex down into the basement? I’m not a fan of bedrooms in basements…
Everyone who commented on the photos read my mind, or I read yours. A good staging might get the place sold; paint it a decorate a little. The taxes and assessments are not bad.
I agree with Patrick about the bedroom in the basement. It is just not that appealing but the neighborhood is great.
This could be a decent crash pad for a pilot, since he’d never have to stay in this god awful trash of a place…
Did anyone else LOL when they read the listing?
“Beautiful 1BR, 2BTH Duplex down with spiral staircase.” LOL WUT? a 1/2 is wierd, a duplex down with a spiral staircase is hilarious.
“Huge master suite” NO
“great closet space” NO
“hardwood floors” Whoppidie doo
“dry bar with frdg,” What’s a “dry” bar? That where you store your cocaine?
“tons of cabinets” NO
“washer/dryer hook up” WOW A HOOK UP! Now if there were only some room…
“half block to Lake restaurants and shopping.” YAY!
“Rental parking next door.” NO
“What more do you need?” A place that doesn’t suck?
“What’s a “dry” bar?”
A bar w/o a sink. Duh.
I’m not offended by the property or the place. this is the type of place my wife and i would like in the city for the weekends…Nothing too fancy, but a great location and relatively safe.
Oh… So its basically a countertop then?
w/ booze
“Oh… So its basically a countertop then?”
Yeah. But if it has a mirror behind it with the Jack Daniels logo etched into it, then it’s clearly a bar.
LOL, well that’s clearly a big selling point and adds at least 25k to the value of this place!
“A bar w/o a sink. Duh.”
Can my cubicle countertop be considered a ‘dry bar’ then? Theres no sink and its about bar level..
“Can my cubicle countertop be considered a ‘dry bar’ then? Theres no sink and its about bar level..”
Get an ice bucket and an 8-pack of double old-fashioned glasses to go with about $500 worht of booze and we’ll come over and christen it.
What If I have only one bottle of booze in my desk, but access to a fridge full of ice and cups nearby? Does that qualify my office as being a dry bar?
i like the little house on the prairie stove.
gross. are there any windows in the basement bedroom?!?! There are bad duplex-downs and good duplex-downs… this is a bad one.
at first it looked like there were no windows in the basement bedroom; but if you look really, really, carefully there is a window in the hall/nook next to the bedroom where the desk is at. So you get a sliver of light in the bedroom.
This would be a great place for a vampire looking to be near the beach.
$225K for a 900 SQFT place in the Gold Coast with low assessments (for the Gold Coast) should have no problem selling. I personally think this unit is kind of ratty, but I suspect the neighborhood will sell this unit more than anything else.
This place is a dark, drab d-u-m-p DUMP!