Get a 1-Bedroom Coach House in the Gold Coast for $479,000: 1226 N. Dearborn Parkway
This 1-bedroom 2-story coach house at 1226 N. Dearborn Parkway in the Gold Coast came on the market in April 2023.
Built in 1901, this coach house is part of a 13 unit condo association which includes the building in front of it, as seen above, and several other coach houses surrounding a shared interior courtyard with landscaping and seating.
It does not have parking.
This coach house faces east into the courtyard and has a private entrance.
The listing says this property has had a 2018 renovation.
The first floor is the living room, the kitchen and a powder room.
The kitchen has white cabinets and some wood open shelving with Bosch, a Liebherr refrigerator/freezer and vented Bosch hood. It has black granite counter tops, Island Bar seating and a built-in pantry.
The second floor has the primary suite. It has vaulted ceilings and exposed brick and the listing says it has room for a work-from-home office.
There’s a Juliet balcony overlooking the courtyard.
It has an en suite full bath with subway tiles and a washer/dryer.
It does not have parking but it’s available to lease in the neighborhood. It also does not have central air, but it does have a window unit.
The listing says this coach house “lives like a private home.”
It is near the shops and restaurants of Division Street and Rush Street in the Gold Coast and close to all the options in Old Town.
The coach house last sold in 2018 for $395,000. Listed at $479,000, is this unit the perfect in-town?
Jeanine McShea and Erin McShea at @properties Christie’s have the listing. See the pictures and floor plan here.
Unit #C: 1 bedroom, 1.5 baths, 1100 square feet, coach house
- Sold in May 1997 for $123,500
- Sold in May 1998 for $184,000
- Sold in July 2015 for $330,000
- Sold in August 2018 for $395,000
- Currently listed at $479,000
- No central air- but window units
- No parking
- In-unit washer/dryer
- Bedroom: 18×17 (second floor)
- Living room: 17×11 (main level)
- Loft: 12×10 (second floor)
- Kitchen: 14×8 (main level)
They tried selling in October for $490k
This isnt 1000sf on 2 levels
Its the worst of both worlds for an intown – none of the advantages of a SFH and none of the convivences of a condo
On the + side thre’s a powder room on the main floor and reno isnt offputting
Pictures do a good job showing how cramped the lower level is
Kind of pushing the limits of an “Eat in kitchen”
The HMAM for this unit is $1k more at current rates Vs 18
$500k for a marginal coach house with no parking and window AC is crack pipe pricing
Not for anyone that cooks, entertains, or prone to balance issues.
It’s staged nicely. In town only.
What do people with window units do with unseasonably warm weather like the last few days? Do they put them out or melt in the heat? Are window units light enough that an older person could install themselves?
Bedroom is pretty cool.
“Are window units light enough that an older person could install themselves?”
I wonder if the in-wall unit in the bedroom of this place is sufficient to cool the downstairs. Would be a bummer to put one in one of the three LR windows.
Our rental at the Marlborough had two window units, which the building engineer would install in the spring and return to the basement storage unit in by the fall. I think he did that for all the units that hadn’t had spacepak installed. In the summer of 2000 I was living in a 4th floor walkup at 7th & A, and it was so hot that we splurged and bought a fairly large window unit at Best Buy up near Union Square. We tried to carry it home – two not-so-strong people fumbling down crowded sidewalks on a sweltering day – but got a cab after a couple blocks. I can’t imagine an older person installing/removing a unit of a similar size. I’m also amazed that we don’t hear about more units falling out of windows (was surprised that ours didn’t).
August 2018 for $395,000 + CPI = $472k.
It’s basically the same price in real dollars. And they redid the kitchen and upstairs bath (huuugely better, imo).
“What do people with window units do with unseasonably warm weather like the last few days? Do they put them out[?]”
Here it is a thru wall, window-sized, unit, as you can see in streetview (last to the left, by the bay-ish window). Appears to be the only a/c, tho I suppose you could stick one in the LR bay.
Would be better off getting two minisplits.
If they’d put this on the market during the 18 or so height of the pandemic months, probably could have gotten a nice premium.
In looking at the floor plan, seems like there was a missed opportunity in not carving out two ~12 X 10 bedrooms (foregoing the extra large closet).
It’s cute but a little over-priced considering it is under 800SF if you include walls and stairs in the square footage. They are asking a little over $600 PSF so truly crack pipe. I wonder how much “late night activity” is in that alley. That “We Call Police” sign is there for a reason. The only one who kept this for any amount of time was the owner who sold in 2015 and that may be because they were trapped by the economy. Makes a great in-town, the renovations are nice. Interest rates however are going to hamper this sale. Putting only 10% down, still a decent amount for most in the market for a 1-bed, and the monthly on this is just shy of $4K with guaranteed increases in the property taxes coming. I have to believe you can rent a 1bed around here for considerably less. Lock up $96K (assuming this appraises out) and your monthly is still just shy of $3400. I would look elsewhere…and I am someone who is charmed by the idea of a carriage house.
“The only one who kept this for any amount of time was the owner who sold in 2015 and that may be because they were trapped by the economy.”
From the records, looks likely they were either using it as their in town, or maybe keeping it for a relative.
“I wonder how much “late night activity” is in that alley.”
ALL of Chicago’s alleys have things happening. Most just ignore it because that’s where their garage is. As someone who once lived on an actual alley though, with my windows overlooking it, I was surprised at just what went on.
“ALL of Chicago’s alleys have things happening. Most just ignore it because that’s where their garage is. As someone who once lived on an actual alley though, with my windows overlooking it, I was surprised at just what went on.”
You mean like rats and people micturating, which you said never happens…
“You mean like rats and people micturating, which you said never happens…”
I don’t understand this. Again, if you ever bothered to actually be IN Chicago, you might actually see some rats running around even downtown.
I’ve seen them in River North and near the Mag Mile. The rats took over during the pandemic too because there were so few people around they had the rule of the land.
There are some parts of River North where they can’t get the rats under control. Ugh.
When I lived on the alley, we had to put the special rat boxes in our yard. It worked. Also, rats like to eat dog poop. Don’t let the poop accumulate in your yard.
But at this location, with proximity to the Division Red Line, I was referring to drug dealing, drug usage, homeless with mental illness and drug addictions and given some of the seedy bars in that area, gang activity. I live nearby and hear all about it all the time. I am guessing it is an actual problem here.
C’mon Cat, ALL of Chicago’s alleys have things happening. Most just ignore it.
It’s just some rats, and the occasional car jacking. No big deal.
“I don’t understand this. Again, if you ever bothered to actually be IN Chicago, you might actually see some rats running around even downtown.”
I mean I get that you dont understand much, but I’ll refresh your memory
There was a posted property on the alley off Halsted & Webster (Same alley as Glascotts/Athenian room). I noted that the alleyway was oft used as a urinal and there were a large number of rats in the alley. You in a drunken fury responded that this was unpossible as no one micturated in that alley and there were no rats
Since you are an expert on every nook and cranny in Chicago and every other city, town and hamlet across America, I doubted myself for a split second, then I remembered that you were likely intoxicated and have a trackrecord of being wrong 93.27% of the time.
“93.27%”
Show your work. Link to the sheet.
“Show your work”
I asked ChatGPT to scrape the Ol’ CC for how many times Sabrina posed incorrect information.
The response was
“Out of 57263 statements made by Sabrina, we detected 53409 errors, yielding a 93.27% error rate.
We further analyzed her posting history and found that there’s a 74.98% probability that posts made by Sabrina were authored by “Joe Zekas” at Yo Chicago”
Its science
“We further analyzed her posting history and found that there’s a 74.98% probability that posts made by Sabrina were authored by “Joe Zekas” at Yo Chicago””
Still on this stale “theory” huh JohnnyU? I guess it really DOES indicate how long you’ve been away from Chicago because only someone who really hasn’t been around in a long time even knows the name of the one who shall not be named.
Calling him out for irrelevance is teh second surest way to get him to comment.
The first of course is to say something snide about a property he’s doing marketing for.
“Calling him out for irrelevance is teh second surest way to get him to comment.”
He has admitted he has a Google alert on his name anon(tfo). So it doesn’t matter what you say. Lol. But maybe he has moved on from that as he’s not commenting here this time. Lol.