Fully Renovated 3-Bedroom with a 600 Sq Ft Terrace in River North: 635 N. Dearborn
This 3-bedroom in The Caravel at 635 N. Dearborn in River North came on the market in April 2022.
I had posted the listing in the comments as it went under contract almost immediately upon listing, but it has come back on the market so now we can chatter about it.
The Caravel was built in 2003 and has 126 units and an attached parking garage.
The building has full time door staff and an exercise room.
This corner unit is on the “penthouse level.”
The listing says it has been “fully renovated” and now has 7.75″ wide plank wood floors and Lightology lighting throughout.
The kitchen has Ernestomeda Luca Lanzetta cabinetry and a 2.5 inche waterfall mitred island along with Subzero and Miele appliances.
In the living/dining room there is also a pocket door custom bar with 2 Miele wine fridges.
The primary suite has a walk-in-closet, outfitted with California Closets, and a spa bathroom with Antoniolupi custom vanity and walk-in-shower.
The third bedroom has its own balcony and also a rotating wall bed (does that stay?).
The unit has the features buyers look for including central air, washer/dryer in the unit and 2 side-by-side parking spaces. (I can’t tell if the parking is included in the price or not.)
It also has a big 600 square foot private terrace with city views and new deck tiles.
This property is near the shops and restaurants of the Mag Mile, River North, the Riverwalk and is near Trader Joe’s and the new Whole Foods in the One Chicago development.
Listed at $1 million, is this the perfect city home?
Rafael Murillo at Compass has the listing. See the pictures and floor plan here.
Unit #2701: 3 bedrooms, 2 baths, no square footage listed
- Sold in December 2003 for $825,000
- Sold in April 2018 for $700,000
- Listed in April 2022 at $1 million
- Under contract
- Re-listed at $1 million
- Assessments of $1479 a month (includes heat, a/c, gas, doorman, cable, exercise room, exterior maintenance, lawn care, scavenger, snow removal, Internet)
- Taxes of $14,479
- Central Air
- Washer/dryer in the unit
- 2 side-by-side parking spaces (not sure if included in the price or not)
- Bedroom #1: 12×15
- Bedroom #2: 11×12
- Bedroom #3: 12×8
- Living room: 15×21
- Dining room: 17×11
- Kitchen: 15×9
- Laundry room: 5×6
- Terrace: 30×20
- Balcony
I like how the toilet in the master has its own little room. More luxury homes should offer this feature. Its cozy.
Dec-03 + CPI = $1.28m
Dec-03 + C-S = $1.07m
Dec-03 + ~$200k of work = $1.0m
(yes, that mostly means the ’03 price was too high, but $800k today, deflated back to Dec-03, would’ve been $515k.)
“(not sure if included in the price or not)”
Linked RF listing states:
# Of Cars: 2
# of Garage Spaces: 2
Parking: Garage
Garage Ownership: Deeded Sold Separately
…
Deeded Garage Cost: $25,000
“I like how the toilet in the master has its own little room. More luxury homes should offer this feature. Its cozy.”
Commonly called water closets
$1MM and you have the same HVAC as an AI property?
Sell is F’d, $900/mo more with 3 Vs 5%
Deck is great, needs some privacy From the neighbor