Get a 2-Bedroom Penthouse in West Lakeview for $700,000: 2846 N. Southport
This 2-bedroom penthouse in 2846 N. Southport in West Lakeview came on the market in August 2024.
Built in 2001, this elevator building has 6 units and heated attached garage parking. There are no amenities and no door staff.
The unit has 10.5 foot ceilings and hardwood floors throughout, including in the bedrooms.
There are floor-to-ceiling windows in the living room with Juliette balconies.
It has an open concept living room, dining room and kitchen.
There are built-in bookcases and an entertainment center along with a fireplace in the living room.
The kitchen has white cabinets, black granite counter tops and backsplash, an island with seating for 2, stainless steel appliances and a beverage refrigerator.
The primary suite has an organized custom closet and an “updated” primary bath.
This penthouse has the features that buyers look for including central air, side-by-side washer/dryer in the unit and one heated garage space which is $15,000 extra.
The listing says it has “exclusive roof rights” and it also has a balcony off the back of the unit, accessed from the sliding door in the primary suite.
This building is near shops and restaurants on Diversey, Southport, Lincoln and Ashland and is just on the edge of the Lakeview/Lincoln Park border.
It’s near the Diversey bus.
The listing says it’s in the Burley school district.
Originally listed in August 2024 at $725,000, it has been reduced $25,000 to $700,000.
Is $700,000 the new price for a 1675 square foot 2/2 in this neighborhood?
Brendan Murphy and Taylor Nirchi at Jameson Sotheby’s have the listing. See the pictures here (sorry, no floor plan).
Unit #3S: 2 bedrooms, 2 baths, 1675 square feet, penthouse
- Sold in April 2002 for $487,500
- Sold in July 2015 for $545,000
- Sold in April 2018 for $580,000
- Originally listed in August 2024 for $725,000
- Reduced
- Currently listed at $700,000
- Assessments of $489 a month (includes exterior maintenance and scavenger)
- Taxes of $11,221
- Central Air
- Washer/dryer in the unit
- Heated garage parking is $15,000 extra
- Fireplace
- Exclusive roof rights
- Bedroom #1: 16×15
- Bedroom #2: 13×11
- Living room: 22×13
- Dining room: 17×12
- Kitchen: 17×13
- Balcony: 22×9
Completely underwhelming.
Anyone that is going to buy a condo from the late 90s/early 00s that is split face block construction should be very careful. It can be a disaster, and one that you have to work with all of your other fool neighbors to address.
https://windycityhome.com/2023/06/07/the-hazards-of-owning-a-home-with-concrete-or-split-face-block/
April 2002 for $487,500 +CPI = $852k
July 2015 for $545,000 +CPI = $715k
April 2018 for $580,000 +CPI = $728k
“Is $700,000 the new price”
Seems like that’s a new low for this unit, even if they get the $15k for the parking spot.
It makes some sense, as you’ve got a lot of 22 year old features ($300 range, microhood, weird island, Uba Tuba (which I don’t hate), 2d bath with the vented glass block window (klassie!), master bath with partial tile in both tub AND shower) that are fully depreciated now.
If this were fully updated, sure. As is?? When were the HVAC and water heater replaced??
Agree with TFO and Jon
They’ll probably get ask due to low inventory
Would much prefer a townhouse setup for $700K.
I generally like the style (Wilco vinyl with floorstanding speakers, decent work nook, nice road bikes mounted above the kiddo bike haha), but for jus 2 beds and a medium deck and 1 parking space… it’s very expensive to me. Maybe they are paying for that nice school district?
sold this week at $697,500.