Get a 1-Bedroom with Custom Cabinets in the Gold Coast for $229,000: 20 E. Goethe
This 1-bedroom at 20 E. Goethe in the Gold Coast came on the market in August 2024.
20 E. Goethe is a boutique vintage building built in 1899. It has 38 units.
There is no door staff, nor parking, nor amenities. It does have an elevator.
This unit is located on the top floor, or penthouse, level.
It doesn’t have any of its vintage features such as crown molding.
But the unit does have hardwood floors throughout and 14-foot ceilings. The listing describes it as “bright and airy.”
The kitchen has white custom cabinets, stainless steel appliances, “luxe” lighting and faucets and what looks like stone countertops. It appears to have been updated since the prior sale in early 2024. See the prior listing pictures.
Even though the unit is just 648 square feet, it has a walk-in-closet.
There is no in-unit washer/dryer, the air conditioning is in window units and there is no parking but it’s available in the neighborhood.
This building is in the heart of the Gold Coast, near the RH 3Arts Cafe and the shops and restaurants on Division and State as well as in Old Town.
The listing says there are no rental restrictions and the building is investor friendly.
Listed in August for $239,000, it has been reduced $10,000 to $229,000. But this is still $64,000 above the April 2024 sales price of $165,000.
It has also come on the market as a rental for $2100 a month.
Will this seller be able to get the premium after the price reduction? Or will it be rented?
Audra Adomenas at Weichert Realtors Ambassador has the listing. See the pictures and floor plan here.
Unit #603: 1 bedroom, 1 bath, 648 square feet
- Sold in August 1996 for $65,000
- Sold in September 2001 for $133,500
- Sold in February 2016 for $197,500
- Sold in April 2024 for $165,000
- Listed in August 2024 for $239,000
- Reduced
- Currently listed at $229,000
- Also came on the market as a rental in September 2024 for $2100 a month
- Assessments of $494 a month (includes heat, gas, exterior maintenance, scavenger, snow removal)
- Taxes of $3765
- No central air but window units
- No washer/dryer in the unit. Coin laundry in the building.
- No parking.
- Bedroom #1: 14×8
- Living room: 11×14
- Kitchen: 7×10
- Walk-in-closet: 6×5
How are those custom cabinets? They just painted them white. Counter tops are original.
Looks like a minimal refresh – say max $30k if they hired it out
The listing agent should throw in a lifetime supply of Prozac.
I’m sorry but when brokers get lazy about ceiling height, they need to be fired. There is no way those ceilings are 14 feet – maybe 11 or perhaps 12.
Is it $44k better than this one:
https://www.redfin.com/IL/Chicago/20-E-Goethe-St-60610/unit-605/home/14125701
If they can get the asking rent, they should hold on to it. But it doesn’t look like a $3.25 psf rental to me.
anon
WTF is up with that fireplace. does the exhaust go right outside the unit wall? or into a shared piping for the building
It’s a good question–streetview not terribly helpful on this one.
no privacy whatsoever. Every window stares into the building across the street. Directly.
“no privacy whatsoever. Every window stares into the building across the street. Directly.”
Oh no. Not THE BUILDING ACROSS THE STREET. In a major urban center. On the 6th floor. The horror.
I stayed in an AirBnb in this building once. Pretty depressing. But a good location.