For $499,000 You Can Have a Crows Nest In East Lincoln Park: 351 W. Dickens
This 2-bedroom at 351 W. Dickens in East Lincoln Park recently came on the market.
It’s not your typical cookie cutter unit.
The top floor unit has 1800 square feet with exposed brick and 16 foot ceilings.
And in a first for Lincoln Park, there’s a crow’s nest.
The kitchen has maple cabinets and white appliances.
The listing says the bathrooms were rehabbed in 2005.
It has 2 fireplaces and a private rooftop deck.
There is central air and washer/dryer in the unit but no deeded parking. The seller will pay for 1-year parking nearby.
The listing doesn’t mention an elevator in the building.
Is this priced to sell for the square footage and neighborhood?
Gabi Gates at Baird & Warner has the listing. See the pictures here.
Unit #4E: 2 bedrooms, 2 baths, 1800 square feet
- Sold in October 1990 for $225,000
- Sold in August 1995 for $290,750
- Sold in January 1997 for $285,500
- Originally listed in October 2012 at $499,000
- Currently still listed at $499,000
- Assessments of $215 a month
- Taxes of $7921
- Central Air
- Washer/Dryer in the unit
- No parking- but seller will pay for 1-year nearby
- 2 fireplaces
- Private rooftop deck
- Bedroom #1: 19×11
- Bedroom #2: 13×13
Neat space – the photo link doesn’t seem to work.
Lack of parking is always an issue but good LP locale
Half a mill for a 2 bed with a tiny ugly kitchen. FAIL
Ahh sabrina finally posted my tip! LOL oh man this place is so wierd
when it says the seller will pay for 1 year of parking, 1) does that come in as a closing credit which is actually applied to the closing costs? 2) if you do not have a car, would a savvy buyer still get some concession?
Icarus: sure, I imagine the seller would give you $2,500-3,000 or whatever at closing. The question is (for someone with a car), where’s the parking? I’d bet it’s a couple blocks east at the Pierre, but who knows. In any event, it’s a top floor walk up two bed, so whoever buys it will likely be selling it after a handful of years (it’s odd that seller’s had it for 15 years; I’d bet it’s seem some renters during that time). Parking matters. Even if you don’t have a car, or don’t mind street parking or renting parking in the hood, a large percentage of your would-be buyers will care, and won’t event look at it.
As for the place: are they counting the crow’s nest in the sq footage? What’s one supposed to do up there? Beyond that little oddity, it’s kind of cool. The deck is nice (I guess that’s what people who have “roof rights” do; we haven’t), but I wonder what access is like. The place obviously needs a little updating. But throw in a new kitchen, paint it, stain the floors, and clean up the brick, and it will look really nice. Assessments seem low and need to go up at least a little.
After accounting for the $15-25k of work it likely needs, given the great location, deck, central air and w/d, it’s certainly worth at least $400k. $425k wouldn’t be a horrible closing. It’s just a small pool of buyers looking to spend that on a two bed walkup, who’ll also have the extra coin to do the updates, who won’t mind not having parking.
@annony – if you look at the satellite in google maps, it looks like the deck is on the street side of the building then has a walkway back to the middle of the building where it goes inside. hard to say if that’s then just another level up at the top of the stairs or if there’s some kind of more difficult (ladder) access.
Looks like the fireplaces don’t draft well.
Those fireplaces definitely have some trouble (look at that staining!), and the kitchen is awfully narrow. Also, not a huge fan of the weird pole in the LR, and how to use that crow’s nest is quite the mystery (the railing looks dangerous).
Odd place, good location, bad parking… but it’s nice to see something different!
” I’d bet it’s a couple blocks east at the Pierre”
I’d guess the “public parking” on west side of Clark, half a block south of Dickens.