Get a 4-Bedroom River North Townhouse for Under $1.2 Million: 419 W. Grand
This 4-bedroom townhouse in the Sexton at 419 W. Grand in River North came on the market in January 2021.
This townhouse is part of 17 townhouses that were built in 2000 and are part of the Sexton loft condo building.
The townhouses get access to all the amenities of the condo building including the exercise room.
There is a center courtyard between the townhouses and the Sexton building.
This townhouse also has two private outdoor spaces, including a terrace on the main level and a private rooftop deck.
The living room, dining room and kitchen are all on the main level along with a half bath.
The listing describes the kitchen as a “custom chef’s kitchen” which has white cabinets, quartz counter tops, custom tile backsplash and stainless steel appliances.
The second level has two bedrooms including the primary suite which has a walk-in-closet with custom California closets and an en suite bathroom with a double vanity, soaking tub and separate shower.
The other two bedrooms are on the third floor along with another full bathroom, the laundry room, a family room and an office.
It has central air and 2-heated side-by-side parking spaces.
There are several downtown condo buildings that also have townhouses in their association but usually those are on the roof of the garage or somehow accessed from the main entrance in the building.
These townhouses have their own private entrances on a separate street from the condo building.
4-bedroom properties in River North have been in demand for families.
Listed at $1,199,888, is this townhouse a single family home alternative?
Matt Laricy at Americorp has the listing. See the pictures and floor plan here.
Unit I: 4 bedrooms, 2.5 baths, 2800 square feet, townhouse
- Sold in May 2000 for $508,500
- Sold in July 2002 for $611,000
- Sold in March 2008 for $417,500
- Sold in October 2013 for $870,000
- Sold in February 2018 for $1,129,500
- Originally listed in January 2021 for $1,199,888
- Currently still listed at $1,199,888
- Taxes of $20,164
- Assessments of $809 a month (includes doorman, exercise room, exterior maintenance, lawn care, scavenger, snow removal)
- Central Air
- 2-car side-by-side heated garage parking
- Bedroom #1: 14×20 (second floor)
- Bedroom #2: 11×10 (second floor)
- Bedroom #3: 12×16 (third floor)
- Bedroom #4: 13×10 (third floor)
- Living/dining room: 15×16 (main floor)
- Kitchen: 15×20 (main floor)
- Family room: 14×10 (third floor)
- Laundry room: 7×6 (third floor)
- Office: 6×10 (third floor)
- Terrace: 25×20 (main floor)
- Deck: 21×17 (fourth floor)
- Balcony: 20×6 (third floor)
- Walk-in-closet: 10×8 (second floor)
“Alfresco”, from the floor plan, sure is a fancy way to describe a cement pad with no privacy.
Not a chefs kitchen nor 2800sf
Having the roof scupper/downspout discharging on your patio must suck
I’ve never seen such low end finishes on a >$1MM property.
I guess the new pricing metric is original purchase price + 6% to cover the realator fees.
They would have been much better off just renting @ $7k/mo for the last 3 years
The 2000 and 2008 buyers did well I guess.
I have to add….I hate these townhomes where decks and such are connected. Once a burglar gets in one unit, access to others is that much easier.
“I guess the new pricing metric is original purchase price + 6% to cover the realtor fees”
Now take that logic and apply it to all the home sales going back to the mid 1970s and the start of the FIRE sector era and you can see what serious mess we are truly in. 2007-2009 was the market trying to correct and they refused to let it happen. It will correct either by asset deflation or currency inflation but it will happen.
This place just oozes quality
The lack of cap flashing on the adjoining stairwell is a nice touch, especially over EFIS. No long term water infiltration issues there
Also the roof off the upper deck looks like its getting reworked or was (Hopefully), not sure WTF they have going but whatever’s going on at the roof to parapet is just the Mitchell Trubisky of roof details. Id want to verify the roof membrane went under the cap.
On second though just run away from this POS
Special in place or coming down the pike?
I like the detail in the storm door on the roof deck.
When you list a place for $1m+, don’t you typically repaint the trim so that the wood is all covered? In many details, this place looks like a kinda nasty rental.
“a fancy way to describe a cement pad with no privacy.”
Be ok if you could put in a $100k pergola–but looking at the 360 view from the metal catwalk, I’m guessing they are not allowed on the garage roof.
“When you list a place for $1m+, don’t you typically repaint the trim so that the wood is all covered? In many details, this place looks like a kinda nasty rental.”
The cut out for the electrical outlet only adds to the signature of quality.
This place is more of the “I overextended myself financially and cant properly maintain nor do I care to because I’m only living here for 3 years” crapshack
I almost feel bad for the sellers as they went thru the added effort of the 3D walkthru, unfortunately its only highlighting all the problems
Get ready as this is going to be a best case scenario for most non skyscraper/new construction + 20 years. No one is going to want to live in these shitboxes and they’ll likely be too expensive to teardown, posing some interesting issues
“No one is going to want to live in these shitboxes and they’ll likely be too expensive to teardown”
These are sitting on top of the common garage, and undoubtedly have common CMU walls–nevermind too expensive to be teardowns (which I take to be your primary point), they’ll need massive coordination to physically tear down.
“These are sitting on top of the common garage, and undoubtedly have common CMU walls–nevermind too expensive to be teardowns (which I take to be your primary point), they’ll need massive coordination to physically tear down.”
If I was clear, I meant tear the entire development down The issues are not likely limited to 1 or 2 units.
The depreciation curve on places like this are going to be really ugly.
Can you enter these from Illinois St? Doorman? What?
Anyway when I lived in the area these were always so dumpy and depressing looking, especially in the winter time on Grand Ave.
Whats being built next door at 341 w grand? A high rise? I’m sure that construction noise is awesome
While this is smaller, it’s not a piece of crap like the one on Gran.. And you get the benefits of a gated community, guest parking, security gate, use of a pool.
https://www.realtor.com/realestateandhomes-detail/434-N-Clinton-St_Chicago_IL_60654_M73533-44178
A year ago, I’d say this place has at least three things going for it “location, location, location”
But with the changing downtown landscape, can’t really say that anymore. Not sure who the target buyer would be.
Johnny U: “Not a chefs kitchen nor 2800sf”
Regarding the 2800 sq. ft., even the floorplan shown by the Realtor claims only 2613 (with the typical disclaimer about being approximate). I note that the measurements of the floor plates shown appear right around 20 x 40, so 800 x 3 = 2400.
“If I was clear, I meant tear the entire development down”
Pretty sure that the garage also serves the Sexton condo building, and that the roof of it–ie, the area beyond the al fresco fence–is outdoor common area for the Sexton.
“Whats being built next door at 341 w grand?”
This: https://369grand.com/
why is this place 1.2 million? July 2002 price seems about right.
btw: featured here in 2013, too:
http://cribchatter.com/?p=18379
Of note is the then-listing-agent’s comment at the end, which among other things noted:
“The townhomes are part of the Sexton Lofts association and have condo ownership. They can use the gym, package room etc. If they have exterior maintenance issues the association takes care of them.”
So the crappy exterior bits JU noted do get paid for in part by the loft owners!
““The townhomes are part of the Sexton Lofts association and have condo ownership. They can use the gym, package room etc. If they have exterior maintenance issues the association takes care of them.”
So the crappy exterior bits JU noted do get paid for in part by the loft owners!”
Good find.
Interesting that in 7 years the HOA fees have gone up by 50% for the TH, wonder if the lofts went up the same?
WRT to the exterior, no wonder everything looks like crap. I’m sure the loft owners are telling the TH to pound sand.
” wonder if the lofts went up the same?”
This one: http://cribchatter.com/?p=15727
went up from $675 in Sep-12 to $750 in Nov-18.
Then looking at 605, which is currently for sale, appears to be pretty similar, it has $1,004 assessments.
So, yeah, pretty much, and a great deal of the increase in teh last ~2 years.
Not sure whether it’s the lack of furniture or the dull layout, but I can’t fathom why someone would pay $1.2 million for this. On the plus side, it’s near Mr. Beef.
Agree with you Bluestreak, the Clinton one is far nicer.
Clinton townhouse abuts Metra/Amtrak tracks. Worst possible location, particularly when the black oil tanker rail cars are transported within mere feet of these units. But the rail traffic noise and vibration is present 24/7. Nice residential development plan, but it hides the ugly truth about adjacent property use – super-active rail yard tracks.
“black oil tanker rail cars are transported within mere feet of these units”
Even this slightly alarmist article from a few years ago doesn’t suggest that oil trains are passing through Ogilvie (probably bc it is the end of the line, so they can’t–unless Ogilvie has a secret refinery):
https://www.chicagomag.com/Chicago-Magazine/May-2016/Bomb-Trains/
So, I’d need a citation for that contention.
Doesn’t mean I would want to be *that close* to the elevated tracks, even with just Metra trains. Certainly for $1m. The first roof deck pic shows exactly how close the trains are.
And isn’t one of the thing you should get with a TH windows on at least 2 sides?