Full Floor 4-Bedroom Vintage Beauty Sells: 5012 S. Woodlawn in Kenwood
We last chattered about this vintage 4-bedroom full floor unit at 5012 S. Woodlawn in Kenwood in November 2010.
See our prior chatter here.
Some of you lamented that this was located in Kenwood and not on the north side and that that would affect its resale value.
The unit recently sold for $425,000– or just $19,000 under the original list price.
If you recall, the unit had many of its vintage features intact including a barrel vaulted ceiling in the hallway, crown molding, cove molding and a marble fireplace in the living room.
However, some parts of the unit had been updated, including the kitchen which had stainless steel appliances and granite counter tops.
All four bedrooms were generously sized, which is common in many of the pre-war units. There was also a butler’s pantry.
There was an in-unit washer/dryer but no central air.
The biggest knock against the property when we chattered about it was that there was no deeded parking (street parking only.)
Kay Bowman at Coldwell Banker had the listing.
Unit #3: 4 bedrooms, 2.5 baths, 3800 square feet
- I couldn’t find a previous sale price but it sold before 1992
- Originally listed in September 2010 for $444,900
- Was still listed in November 2010 for $444,900
- Sold in May 2011 for $425,000
- Assessments of $600 a month (includes heat)
- Taxes of $3741
- No Central Air
- Washer/Dryer in the unit
- No deeded parking
- Bedroom #1: 23×15
- Bedroom #2: 18×14
- Bedroom #3: 15×11
- Bedroom #4: 15×13
$110/sf.
So how come this unit even though vintage has such a reasonable assessment while a bit larger buildings have the crazy assessments? I never understood that. Are they mismanaging them? I mean this has to have same type of exterior (insulation) and heating system after all?!
Wow…that’s a huge condo.
The south will rise again!
South…side that is.
“So how come this unit even though vintage has such a reasonable assessment while a bit larger buildings have the crazy assessments?”
Service staff would be my first, best, guess.
That is absolutely gorgeous – I wish all of Chicago looked like that.
“South…side that is.”
I do think that sooner or later all property near the lake between downtown and Hyde Park with gentrify and be considered “green zone.” How long that will take is the issue, especially with the housing price crash. As for the rest of the south side …
awesome place for someone who works at U of C or nearby
Beautiful neighborhood. Just on the other side of Woodlawn there is Madison Park, an enchanting little secret of a neighborhood. Up closer to 49th on Woodlawn you have some beautiful mansions, including Farrakhan’s pad, and the house that used to be owned for decades and decades by the founder of Wilson’s Sporting Goods. Preckwinkle, the local alder-creature, lives around there too.
I sure do hate the term Green Zone! This ain’t Iraq.
I love apartments like this. Woodlawn is a beuatiful street.
“Preckwinkle, the local alder-creature”
County Prez!! Former alder-creature.
“I sure do hate the term Green Zone! This ain’t Iraq.”
There are some on this site that think chicago crime is running rampant, so I think the term green zone is PERFECT!
Red, you are right. Iraq is safer.
“There are some on this site that think chicago crime is running rampant, so I think the term green zone is PERFECT!”
But that rampant running is *mostly* IN the GZ, isn’t it?
So it’s rather imperfect, no?
Some of the other condo buildings in the area are Coops which typically have very high assessments but supposedly lower sales prices.
Kenwood/Hyde Park seems pretty interesting now. Higher end properties seem to be selling and with UC and all the new retail/office/hotel space (whole foods) I think the area is becoming HOT!
2009 Chicago murders… 469
2009 Military KIA in Iraq 149
I would be a steak dinner those 469 murders in Chicago are concentrated outside of what folks here call the Greenzone much like those military KIAs in Iraq. Granted most of those 469 are gang bangers killings other gang bangers, but I don’t think your average Joe wants to live in what effectively is a war zone.
very pretty…
This area is beautiful. The additional retail I think will finally get Hyde Park/Kenwood its due from folks not associated with U of C. You definitely get way more for your money. It will never be another Lincoln Park, but there really is no reason it can’t be similar to Evanston.
“I would be a steak dinner those 469 murders in Chicago are concentrated outside of what folks here call the Greenzone”
Check here:
http://homicides.redeyechicago.com/neighborhoods/
for a by Community Area total since 1/1/2008.
But Russ, it’s not about homicides, it’s about hoodlums, “flash mobs” and “wildings”.
Greenzone is safer than the warzone but still it is has its roadside bombings. Could be pretty similar comparison to GZ chicago and some of the less desirable hoods.
man those numbers are staggering
Austin – 106
Humbolt Park – 86
Englewood + West Englewood – 58+84
Lawndale – 58
Roseland 61
South Shore – 60
Where as
Lincoln Park – 4
Lakeview – 2
Lincoln Square – 4
Near North – 8
Near South – 2
Loop – 6
Kenwood (this property) – 6
Irving Park – 7
Portage Park – 3
Uptown – 9
Rogers park – 13
Logan Square – 15
crazy stuff
I luv how easy it is to steer the conversation to any off the wall topic on this site.
2009 Chicago murders… 469
2009 Military KIA in Iraq 149
The Iraq number does not include the number of innocent civilians killed nor the number of terrorists killed. Plus, the majority of Chicago homicides are domestic or drug related or happen to innocent people who are hanging out in front of a liquor store at 1am. The comparison is not even close to being valid. It would be great though if we treated gangs half as seriously as we treat Al Qaeda.
“man those numbers are staggering”
And probably more so when put into rates. Austin has almost 3x the population of Englewood, and Lakeview (2x) and LP (1.5x) are both much larger, too.
come on anon, do the math and create some sort of index we can call it the “anonies murder index”
“I sure do hate the term Green Zone! This ain’t Iraq.”
It’s code for “no blacks, few Latinos other than employees who commute in.”
“2009 Chicago murders… 469
2009 Military KIA in Iraq 149”
YOU’RE THREE TIMES AS LIKELY TO BE KILLED IN CHICAGO! OH MY GOD! I AM GLAD THAT THESE STATISTICS DON’T NEED TO BE ADJUSTED FOR THE SIZE OF THE POPULATION!
“But that rampant running is *mostly* IN the GZ, isn’t it?”
For all the talk about North Ave beach on Memorial Day, an actual murder went down Monday night at 57th Street beach. This type of thing will continue to keep Hyde Park/Kenwood from “becoming HOT.”
http://www.myfoxchicago.com/dpp/news/metro/aeyanuna-rogers-reward-fatal-shooting-57th-street-beach-hyde-park-20110602
“come on anon, do the math and create some sort of index we can call it the “anonies murder index””
No time today; maybe G’s intern or HD’s paralegal, tho I wouldn’t trust most paralegals with math.
who goes to the 57th st. beach at 11pm not looking for trouble?
and kenwood/hp is pretty far from that area, its no closer than cabrini/lincoln park was
Sonies, 57th Street beach is in Hyde Park. Along with the Point, it is popular for late night strolling by many not looking for trouble. Believe me, scaring people away from Hyde Park’s beach is not good for local RE.
Hegewish: zero. small town living w a big city address
I was recently at jackson towers in Hyde Park, the place was gorgeous but the owners are paying close to 2K assessments a month! That is just crazy. I think some of these building should get rid of their 24 staff to make their property values go up.
Take a look at one available on redfin:
http://www.redfin.com/IL/Chicago/5555-S-Everett-Ave-60637/unit-B3-4/home/13946613
“So how come this unit even though vintage has such a reasonable assessment while a bit larger buildings have the crazy assessments?”
Service staff would be my first, best, guess.”
“No time today; maybe G’s intern or HD’s paralegal, tho I wouldn’t trust most paralegals with math.”
How about a finance major intern? As long as he’s not yet working in finance we can trust him, right? Besides, I checked a few of the numbers.
Here it is: “anonies murder index”
The Index is murders since 2008 per 10,000 population based on 2010 census for each of the 77 Community Areas. The murderless at the bottom include population as a tie-breaker.
28.89 West Garfield Park
27.43 Burnside
24.79 West Englewood
23.00 Greater Grand Crossing
21.60 Riverdale
20.48 Washington Park
20.23 Englewood
19.93 East Garfield Park
15.98 Humboldt Park
15.71 South Chicago
15.59 North Lawndale
15.02 Roseland
14.59 Grand Boulevard
13.91 Fuller Park
12.92 Auburn Gresham
12.46 South Shore
11.92 Chatham
11.55 Woodlawn
11.27 Austin
10.79 West Pullman
9.82 Avalon Park
9.32 Morgan Park
9.27 South Deering
9.01 New City
8.63 Chicago Lawn
7.55 Washington Heights
7.06 South Lawndale
6.76 Oakland
6.52 Gage Park
6.52 Calumet Heights
5.65 Near West Side
5.29 Brighton Park
5.03 Lower West Side
4.80 Hermosa
4.39 Douglas
4.10 Pullman
3.84 McKinley Park
3.73 Archer Heights
3.36 Kenwood
3.16 Ashburn
2.98 Montclare
2.70 West Town
2.60 East Side
2.55 Rogers Park
2.33 Albany Park
2.32 Garfield Ridge
2.29 Avondale
2.12 Edgewater
2.10 West Lawn
2.05 Loop
2.04 Logan Square
1.66 West Elsdon
1.60 Uptown
1.56 Bridgeport
1.50 Irving Park
1.49 Armour Square
1.30 Clearing
1.19 Dunning
1.17 Hyde Park
1.14 Belmont Cragin
1.12 Near North Side
1.12 North Park
1.01 Lincoln Square
0.94 Near South Side
0.63 North Center
0.62 Lincoln Park
0.56 West Ridge
0.54 Forest Glen
0.50 Beverly
0.47 Portage Park
0.39 Jefferson Park
0.27 Norwood Park
0.21 Lake View
0.00 Hegewisch (9,426)
0.00 Edison Park (11,187)
0.00 O’Hare (12,756)
0.00 Mount Greenwood (19,093)
“Hegewish: zero. small town living w a big city address”
Only a 30 minute ride to Randolph St on the South Shore to boot!
“There are some on this site that think chicago crime is running rampant, so I think the term green zone is PERFECT!”
who cares about crime when they took away the fireworks 🙁 🙁 🙁
“0.54 Forest Glen
0.47 Portage Park
0.39 Jefferson Park
0.27 Norwood Park
0.00 Edison Park (11,187)
0.00 O’Hare (12,756)”
northwest side beyotchess!!!!
Thanks for the murder index. I note the equation doesn’t factor in transient populations like tourists or work commuters, which would make some areas even safer, statistically speaking.
Why should one murder on 57th St. Beach stop someone from buying in HP? What happens to those planning to buy in Lakeview, Lincoln park or the gold coast when a murder occurs there? I doubt they let one occurrence stop them. Niether should those buying in Hyde Park IMO.
“What happens to those planning to buy in Lakeview, Lincoln park or the gold coast when a murder occurs there?”
I do know one couple who were mugged while waiting on the sidewalk for their Realtor@ to show them a townhouse near Wells and Scott. They promptly put in a winning bid for a home in Wilmette.
“Why should one murder on 57th St. Beach stop someone from buying in HP?”
Besides the obvious that HP isn’t high up on many buyers’ lists to begin with? I think that people can dismiss a murder on a street or in a residence much easier than they can at a neighborhood attraction/destination. Let’s see a bystander shot like this near the zoo and then we can compare outcomes.
ha thanks G!
So basically for me I would say my crime limit in terms of living would be a 4 and more likely would have to be in the 1.5 range or lower for me to consider purchasing. Obviously I’d still be ok with the Loop since those stats are likely skewed due to the large amounts of tourists/workers and relatively few actual residents.
And having been to west GP, i can confirm that area is terrible! Worse than Austin or Englewood! And I don’t know if anyone remembers but the proposal for the 2016 olympic plans called for garfield park to be converted to a shooting range for the shooting sport games, also something interesting I found was that shooting live pigeons was an Olympic event (albeit only once, in 1900)
I love lamp!
liking the anonies murder index, 2 seems like a pretty good mental barrier for me
G is the man; thanks for the info! Pretty similar to what most people would expect, I think. That said, and relevant to the discussion here, Hyde Park actually has a significantly lower rate than I expected.
“I do know one couple who were mugged while waiting on the sidewalk for their Realtor@ to show them a townhouse near Wells and Scott. They promptly put in a winning bid for a home in Wilmette”
Holy crap! i live right around the corner from there. When was it? there’s a pocket of a bad element on Sedgewick there, and from the remnants of cabrini. effing thugs.
““I do know one couple who were mugged while waiting on the sidewalk for their Realtor@ to show them a townhouse near Wells and Scott. They promptly put in a winning bid for a home in Wilmette””
Have you mentioned this here before? If not, we know some of the same people, as I know I’ve heard the story.
I may have mentioned it here before, but I don’t think so. The mugging was about 4 years ago.
“28.89 West Garfield Park
27.43 Burnside
24.79 West Englewood
23.00 Greater Grand Crossing”
G, can you give us a link to your source for this list?
“G, can you give us a link to your source for this list?”
Homicide count (also above):
http://homicides.redeyechicago.com/neighborhoods/
Community area population:
google 2010 census or track down the C.A. 2010 census populations however you like.
Note that the homicide count is for the period from 1/1/08 to now, not an annual count.