Get a 2/2 With a 500 Square Foot Deck in East Lincoln Park for Under $360,000: 2700 N. Hampden
This corner 2-bedroom at 2700 N. Hampden in East Lincoln Park came on the market in August 2013.
It’s on the 5th floor and has southern views of the Dawes Mansion across the street.
It’s one of the rare units in the building that has its own outdoor space as it has a 500 square foot private deck.
The kitchen has cherry cabinets, granite counter tops and stainless steel appliances.
It has window air conditioning but no in-unit washer/dryer. Parking is available for rent in the building.
This is one of those East Lincoln Park high rises that has the roof top outdoor pool.
The unit was recently reduced $14,000 and is now listed at $355,000.
Is this a deal for the location?
Kim Kerbis at @Properties has the listing. See the pictures here.
Unit #5D: 2 bedrooms, 2 baths, 1100 square feet
[unordered_list style=”bullet”]
- Sold in May 1995 for $158,500
- Sold in June 1999 for $239,000
- Sold in July 2004 for $254,000
- Sold in July 2009 for $345,000
- Originally listed in August 2013 for $369,000
- Reduced
- Currently listed at $355,000
- Assessments of $565 a month (includes doorman, cable, pool)
- Taxes of $4421
- No central air- wall units only
- No in-unit washer/dryer
- Parking is available for lease
- 500 square foot deck
- Bedroom #1: 16×12
- Bedroom #2: 13×11
[/unordered_list]
I think if this had in unit washer dryer and the option to purchase parking this would have already sold
Great outdoor space, two bed. Price is not bad and the assessments and taxes are reasonable. Sounds like a winner. Does it not show well? Looks clean and neat. At least there is parking in the building, even if its not for purchase.
unrelated, but any one have any insights on 500 N Lakeshore with respect to their pricing?
http://www.related.com/apartment-rentals/chicago/streeterville/500-lake-shore-drive/available-apartments/studio-19140
http://www.related.com/apartment-rentals/chicago/streeterville/500-lake-shore-drive/available-apartments/1-bedroom%2c-1-bath-19221
http://www.related.com/apartment-rentals/chicago/streeterville/500-lake-shore-drive/available-apartments/2-bedroom%2c-2-bath-19276
http://www.related.com/apartment-rentals/chicago/streeterville/500-lake-shore-drive/available-apartments/2-bedroom%2c-2-bath-19346
500 N Lakeshore is asking ~ $4.50+/SF at the low end studio…then very quickly getting to $5-$6/SF as you get bigger units.
are they going to sell at these prices? (are they already?) seems like $3/SF was high-end rentals just a few months ago now this place is seemingly going to blow that out of the water…
Old Hickory- NO building has ever priced at those levels. It would be a record for Chicago. I think $3.25/SF is the record for that building on Wells. $5 or $6 a square foot? I’ve never seen anything like that before.
The rental market is slowing. Good luck to them.
That would put a 1200 square foot 2/2 at $6,000 a month. That’s absurd.
Oh- I would certainly buy this unit at 2700 N. Hampden for a third of the monthly price instead of spending that absurd amount on rent.
I think it will be a loooooooooong time before stuff starts renting at $5 a sqft in Chicago… like 20 years
alright, well, i’m glad i wasn’t imaging things thinking $3/SF was expensive.
yet i just can’t imagine that this building is being priced this way if they didn’t think they could do it.
interesting times…
edit: imagining.
seems like even if things go bad for them they’ll average out north of $4/SF.
time will tell.