Get a Vintage 2-Bedroom for Under $300,000 in Lakeview: 823 W. Oakdale
This 2-bedroom in 823 W. Oakdale in Lakeview came on the market in September 2020.
Built in 1929, it has 10 units but no parking. It’s located in the landmarked Oakdale Avenue District with its famous terra cotta wall and buildings.
This unit has many of its vintage features including trim, crown molding and restored original windows.
The hardwood floors have been refinished and it has solid core doors.
The kitchen is in the farmhouse style with an apron sink, granite counter tops, custom dark cabinetry and stainless steel appliances.
The second bedroom has been repurposed as a dining room, but it does have a closet.
The bathroom has a white dual vanity with a marble tiled shower.
The unit has space pak cooling and washer/dryer in the unit.
There’s rental parking available in the neighborhood.
Originally listed in September 2020 at $315,000, it has been reduced to $299,000.
Is this a good first-time buyer condo with record low mortgage rates keeping that monthly payment low?
Sara McCarthy and Julie Dorger at Keller Williams Chicago-Lakeview has the listing. See the pictures and floor plan here.
Unit #2B: 2 bedrooms, 1 bath, no square footage listed
- Sold in August 1992 for $30,500
- Sold in June 1993 for $107,500
- Sold in July 1998 for $151,500
- Sold in May 2006 for $285,000
- Sold in December 2010 for $240,000
- Originally listed in September 2020 for $315,000
- Reduced
- Currently listed at $299,000
- Assessments of $298 a month (includes heat, exterior maintenance, lawn care, scavenger)
- Taxes of $5155
- Space pak cooling
- Washer/dryer in the unit
- No parking
- Bedroom #1: 14×12
- Bedroom #2: 15×13
- Living room: 15×13
- Kitchen: 10×9
- Foyer: 10×5
- Deck: 8×6
Guessing $275k gets it done
Nice place and lives a lot nicer as a 1br. anyone buying better realize that if they’re looking at a place like this to provide increased equity for their next move up, They’ll be sadly disappointed
I’d pay extra to not be looking at a wall from every window. Talk about depressing in February.
“Sold in August 1992 for $30,500”
Transcribed wrong by the recorder and not a market transaction. Buyer was a relo company. Actual amount of the sale was $122,500. And the two prior sales are available, too (+CPI follows):
Sold in May 1978 for $38,500 ($155)
Sold in December 1989 for $97,000 ($200) (recorder wrong again)
Sold in August 1992 for $122,500 ($226)
Sold in June 1993 for $107,500 ($194)
Sold in July 1998 for $151,500 ($241)
Sold in May 2006 for $285,000 ($366)
Sold in December 2010 for $240,000 ($338)
“looking at a place like this to provide increased equity”
Really only works as forced savings + housing inflation hedge, which has been a minimal issue here (specific hoods excluded) for almost 15 years.
Very cute, but I’d hesitate to call it a 2BR. I like how they’ve made the second BR into a dining room, but if that becomes a BR again, there’s nowhere to eat or put a table.
Lots of charm in this building, both inside and out. Probably makes more sense to rent, however, if it’s for this amount of space in what looks like a former rental building at this location. Lack of parking another strike against.
Thanks for update on pricing history. That looks much more realistic to me. No way this sold for $30,000 in 1992. We bought a 1BR in LP about a year after that for $80,000.
I think this actually is a one-bedroom apartment being marketed as a two-bedroom. There is a direct passageway to the kitchen from the “bedroom” and that span of three windows framed as a group is what you typically see in dining rooms. Beautiful woodwork, though – those doors!
“I think this actually is a one-bedroom apartment being marketed as a two-bedroom.”
There IS a closet in the second bedroom so it’s possible that decades ago someone decided to add a closet and use it as a bedroom.
Would be rare to not have somewhere to eat in an apartment from this era, however.