Get a Huge City Terrace with Lincoln Park Zoo Views: A 2/2 at 2000 N. Lincoln Park West
This 2-bedroom in 2000 N. Lincoln Park West in Lincoln Park just came on the market.
This building was constructed in 1931 and has 195 units. Many of the units have Lincoln Park and lake views.
This building used to be apartments until it was converted into condominiums in 2004-2005 at the height of the boom.
The unit has 9 foot ceilings, crown moldings and automatic blinds.
The fireplace is decorative.
It has wood floors throughout.
The kitchen has dark wood cabinets, granite counter tops, stainless steel appliances and a wine fridge.
One of the bathrooms has a European spa bath with a steam shower.
The listing says it has individual HVAC and there’s an in-unit Bosch washer/dryer along with a garage parking space (does this building have a garage though?)
But the feature which makes this unit unique is that it is the ONLY unit in the building with a private outdoor terrace.
Measuring 15×25, it has Lincoln Park Zoo views (in fact, you can see the door to it in the picture above. It’s on the right.)
A vintage unit with a large terrace with lake/park views is rare.
Listed at $625,000, the other 2-bedrooms on the market in the building are listed at $495,000 and $440,000 (which is under contract).
But this is the first time this unit has been back on the market since the conversion of the building. It hasn’t been sold since 2006.
How much of a premium will someone pay for the terrace?
Tim Stassi at Dwell One Realty has the listing. See the pictures here (unfortunately, no floor plan is included)
Unit #302: 2 bedrooms, 2 baths, no square footage listed
- Sold in December 2006 for $617,500
- Currently listed at $625,000
- Assessments of $826 a month (includes doorman, exercise room, exterior maintenance, scavenger, snow removal)
- Taxes of $4,855
- Central Air
- Washer/dryer in the unit
- Listing says there is garage parking- is it in the building?
- Decorative fireplace
- Bedroom #1: 15×12
- Bedroom #2: 14×12
- Dining room: 10×10 (is this the space off the kitchen?)
- What’s the room with the desks? It doesn’t appear to be listed in the listing. Is this the dining room?
- Kitchen: 9×16
- Living room: 15×21
- Laundry: 5×5
- Private terrace: 15×25
Do you also get the zoo smells??
“Do you also get the zoo smells??”
Nah, not from there. When on the boardwalk directly east of the farm, one can get a whiff of some animal smells. From the years I spent living across the street, the most memorable smell was the body-odor-of-the stressed-out-dad-who-spent-thirty-minutes-finding-a-parking-space-then-lugged-the-kids-and-family’s-crap-six-blocks-to-the-zoo-then-after-the-annual-and-therefore-mandatory-full-day-at-zoo-lugged-the-kids-and-family’s-crap-six-blocks-back-to-car.
Nice terrace and the apartment seems in good shape, but not sure I’d pay a premium to live on the third floor with no view, terrace or not.
Has anyone seen any units in this building? The lobby looks nice, but I always have doubts about buildings built as rentals. Seems like they might not have all the vintage touches of a co-op.
I think the premium is for both the terrace and the parking. I have not seen parking in the listings for other units, so it seems to be unique to this one (assuming it’s not some fake out). It’s something of a trade off for being on a lower floor. However, really good timing on this listing – all potential buyers will be thinking about summer.
Did I miss the refrigerator?
Am I missing something on how this place sold for $617k 13 years ago, yet still has property taxes at $4855?!?!?! Is this Berrios’s pied a tierre?
@ Mary, The fridge (or fridges), are most likely both under-counter and panel-front. It is just odd that they didn’t go panel front on the dishwasher which appears to be across from the stove? Or perhaps that is the fridge? Very odd layout in the kitchen regardless. I feel like panel-fronting one appliance means panel-fronting all appliances that you can (obviously not the stove or beverage fridge.
“Did I miss the refrigerator?”
in pic 11, i think there is an alcove to the right of the secondary entry door. must be there.
I love the terrace. Combo living/dining room is a bit small. Assessment seems pretty reasonable for an elevator building with doorman and onsite maintenance staff. I think this will go for close to ask, especially if it really includes parking.
Listed at $625,000, the other 2-bedrooms on the market in the building are listed at $495,000 and $440,000 (which is under contract).
We chattered about the $495k one back in November: http://cribchatter.com/?p=25532
“Is this Berrios’s pied a tierre?”
It’s even worse than you think! There is no homeowner exemption to get to $4855. The value is that low.
2017 Market Value – $217,300
2018 Market Value – $313,790
The 2012 appeal is the ludicrous one. Successful appeal to $158,720.
I’ve never understood why we don’t have a system like so many other states do. Any arms-length sale updates the assessed value immediately, because duh, that’s the market value.
“I’ve never understood why we don’t have a system like so many other states do. Any arms-length sale updates the assessed value immediately, because duh, that’s the market value.”
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Because, duh, if we did that, people like Madigan and Burke wouldn’t get the fees for tax reductions by contesting value. Yeah, I know they mainly do commercial, but a chunk of their practices come from residential properties.
“Because, duh, if we did that, people like Madigan and Burke wouldn’t get the fees for tax reductions by contesting value. Yeah, I know they mainly do commercial, but a chunk of their practices come from residential properties.”
exactly, there’s a cost to corruption
The tax is for 2017. Since then, this building has had a reassessment that raises the taxes by 40%. The HOA fee also may not include several items. They have a separate amount for cable/internet and a separate amount for a building renovation fund, and the last number of listings in this building did not include those figures. It would add probably about a $100 to the HOA figure on this listing.
When this building converted to condos, there was a renovation “package” that was offered that included upgraded cabinets and granite countertops in the kitchen that look sadly outdated already. The bathrooms were left with the old cast iron tubs, subway tiles, and pedestal sinks, but spruced up. A number of units in this building with the spectacular east views were scooped up at bargain basement prices after the crash, and people have since dumped serious money in complete renovations after buying. Unit 1008, for instance, looks already fairly updated from the listing from last year, but after the sale, the new owners gutted the place and are putting in what looks like at least $100,000 in a total renovation.
This building appeals to people from New York who note the similarity to the wonderful pre-war co-ops on Central Park West that cost 4 times as much as these units, which is why they are willing to invest so much in renovating the units. The biggest downside of this building is that it does not have central air, and space pak is probably not even possible, as no unit currently has one. The only other option to window units is the new split systems, which have problematic aspects as well. A number of units have put in individual w/d, but it has to be hooked up to the kitchen plumbing (as opposed to the bathroom plumbing), so positioning could be problematic. All the windows are new from the conversion, and the herringbone parquet floors are original and look beautiful when refinished. The units that have recently had the kitchens and bathrooms renovated to a high caliber are a fantastic combination of the old (architectural details, plaster walls, solid core doors, crown moldings, fireplace and built-ins) and new. The building staff are top notch and some have been there for over 30 years.
There is no parking. All the streets surround the building are free parking, so usually impossible to find a spot with the exception of Stockton, which has a good number of spots OTHER THAN when the weather is nice for zoo visiting! A block south on Clark, it is meter parking, so fairly easy to find available spaces if you are willing to pay and walk a block up.
“The tax is for 2017. Since then, this building has had a reassessment that raises the taxes by 40%.”
Thanks for the extensive discussion of this building Vissi.
This is what makes Crib Chatter so great. Everyone shares their knowledge of buildings/neighborhoods around the city. It’s really helpful to many of us.
“Because, duh, if we did that, people like Madigan and Burke wouldn’t get the fees for tax reductions by contesting value. Yeah, I know they mainly do commercial, but a chunk of their practices come from residential properties.”
they’d still do fine arguing that the place that didn’t sell is worth way less than its neighbor
Under contract
Back as NEW at $615,000