Get a 3-Bedroom Loft for Under $600,000 in West Lakeview: 1235 W. George
This 3-bedroom loft at 1235 W. George in West Lakeview came on the market in June 2019.
We’ve chattered about this complex in the past. It has 26 units and a heated garage and was converted in 1998.
Other properties in this complex had multiple levels and were basically townhouse-like lofts.
But this unit has its living space all on one floor.
It has the features of many lofts including 11 foot timber ceilings and exposed brick walls.
There’s a master suite with a stone bath and a walk-in-closet with a sliding barn door and a window.
The second bedroom appears to have a window while the third has French doors and a skylight.
The kitchen has 42 inch cherry cabinets, granite counter tops, stainless steel appliances and a breakfast bar.
It has two outdoor spaces including a small balcony and an interior staircase to a private rooftop deck which the listing says is a “maintenance-free” deck with water and gas lines.
This loft has central air, washer/dryer in the unit and a rare 2 deeded heated garage spaces.
It has come on the market just 16 months after the last sale for 15.8% more at $599,900.
With inventory so low, will they get the premium?
Nathan Brecht at Redfin has the listing. See the pictures here.
Unit #214: 3 bedrooms, 2 baths, no square footage listed
- Sold in January 1998 for $284,500
- Sold in June 2002 for $420,000
- Sold in October 2013 for $482,500
- Sold in February 2018 for $518,000
- Currently listed at $599,900
- Assessments of $329 a month (includes exterior maintenance, lawn care, scavenger, snow removal)
- Taxes of $8454
- Central Air
- Washer/dryer in the unit
- 2 deeded heated parking spaces included
- Bedroom #1: 14×12 (main floor)
- Bedroom #2: 11×11 (main floor)
- Bedroom #3: 10×9 (main floor)
- Deck: 21×15 (second floor)
Another day, another greedy seller on CC. Decent unit in a good location with good outdoor space so I’m sure it will sell eventually.
I recall touring a duplex in this building a few years back at an open house that was crawling with potential buyers. It was well-priced and you could just tell a bidding war was likely. Sure enough it ended up selling for something like 40 or 50K over ask. I’m glad that’s not normal in Chicago and doubt this unit will go that route.
I kindly disagree Sid, I don’t think this person is ‘greedy’ maybe it’s a life event and theyre just trying to get out flat vs transaction costs. it’s a cool place, great location, kinda closed in without views from windows, but seems somewhat baked into the price. 2 garage spaces is quite good too.
“West Lakeview”
Racine is the dividing line for “West” Lake View? Really? [yes, I do know that the West Lakeview Neighbors Ass’n says it does]
Does it go (e-w) East LV, Boystown, LV, West LV, SoPo, West LV (again), Thar be Dragons, South Roscoe Village, Hamlin Park, NoCoCo? In like 2 (or fewer) block slices?
To the unit:
I like it a lot more than the best comp:
https://www.redfin.com/IL/Chicago/1235-W-George-St-60657/unit-215/home/12794050
which closed for $575k in January. Having started at an actually “greedy” $642k.
And the Subject has skyline views from the roof-deck and appears overall better maintained so, IMHO, they will likely get close to ask, maybe 10K lower. One does have to wonder what in the heck happened that you move in and have to move again a year later and move all.that.clutter. I am tired just thinking about it.
“the Subject has skyline views from the roof-deck”
Those pix are from the common roofdeck. Pix 19-21 show the entirety of the private deck, and that can be (generally) confirmed with the drone pix of the comp.
At least the roof deck isn’t accessed thru one of the bedrooms
Kitchen is tiny
So if this property continued to appreciate at the same rate the current seller is presuming, it would be a million dollar property sometime around 2025. Would anyone here care to take that bet?
Some interior charm and a nice location. Good outdoor space. Definitely not my kind of place, nor is it one for a family. But might be nice for an older couple moving back to the city.
“appreciate at the same rate the current seller is presuming”
The uglier twin just sold for $575k in January. Should they ask less than that, so that someone here thinks them stupid, rather than you thinking them greedy?
Maybe 215 just found the sole sucker in Chicago, and the real market price is $525k, but I kinda doubt that, even before getting into seasonality of prices.
btw: this place’s taxes went down a few dollars.
So apparently anon (tfo)’s taking that bet, any other suckers out there?
@anon – This property is in South Lakeview Neighbors. West Lakeview Neighbors only comes down to Belmont. Belmont to Diversey, Racine to Ravenswood is South.
West is L shaped, Racine to Ravenswood from Belmont to Addison and Ashland to Ravenswood Addison to Irving. It includes the southern part of SoPoCo. Southport Neighbors is inside that L shape, Addison to Irving, Clark to Ashland including the northern part of SoPoCo.
I sold a 3/2 in Southport (north of here) last year, and while it’s not exactly the same area, I don’t find the price out of line at all. It seems pretty close to market to me. The increases to the current offering price from the ’02 and ’13 sales prices seem reasonable too. The price in ’18 is what seems low given the ’13 price unless this buyer did some work.
” taking that bet,”
Yeah, that’s exactly what I’m doing. Sure.
That’s based on the assumption that the twin property sells six months prior for somewhere a $950k. If that’s the market then, then that will be the market.
nonya: the slicey-dicey of Lake View by neighbors’ associations makes my head hurt. Where’s the North Lake View area? Where’s just regular old Lake View?
Why does the Tribune think that Lane Tech is in the Lake View neighborhood (it’s not even in the Township!)?
” Where’s just regular old Lake View? ”
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Lake View is now known as Bucktown-by-the-Sea. Borders being fluid and all that.
@anon – the neighbors associations are your local NIMBY group for zoning, nothing else. but if you look up “west lakeview” trying to find a border, you’ll find the neighbors…
Lane Tech is definitely not in LV. That whole Riverview/Lane Tech area is kinda neighborhoodless because there are no houses. Kinda like the Elston corridor.
I grew up east of Broadway, just north of Belmont, in the 1970’s and 1980’s.
Back then, we called our neighborhood East Lakeview, though some people tried to impose the name “New Town” on it for a while. That didn’t really catch on. This was the relatively well-off part of Lakeview. Lots of older Jewish people. There were even some Kosher butcher shops on Broadway.
Anything west of Halsted we considered regular old Lakeview. That was a pretty working class neighborhood at the time. I had a friend who lived on Wellington just east of Lincoln and we imagined his family had to be pretty poor to live that far west!
There was no area called “Wrigleyville” until the late 1980’s. The area around the park was just part of Lakeview, and it was a pretty sketchy area. It was a very ethnically mixed neighborhood, with a lot of Hispanics living right near Wrigley. The buildings looked pretty shabby then, even the ones right across the street from the ballpark.
In the early 1980’s, my brother and I stopped riding our bikes west of Halsted after we got chased down Cornelia Avenue by some kids yelling at us and throwing rocks.
“There was no area called “Wrigleyville” until the late 1980’s. The area around the park was just part of Lakeview, and it was a pretty sketchy area. It was a very ethnically mixed neighborhood, with a lot of Hispanics living right near Wrigley. The buildings looked pretty shabby then, even the ones right across the street from the ballpark.”
For a quick review of what it was like across the street from Wrigley in the 1980s, check out the original About Last Night with Demi Moore and Rob Lowe. They don’t show it very long, but they do show the characters going up to one of the rooftops to watch a game and sitting in lawn chairs.