Go to Open House Chicago This Weekend: A 3-Bedroom at 7321 S. South Shore
This 3-bedroom at the Windsor Beach Apartments at 7321 S. South Shore in South Shore has been on and off the market since 2007.
If you were one of the five people reading this site when it first launched in 2007, you would remember this building and unit as we chattered about it in October 2007.
See our prior chatter here (which was really no one at that time!).
But there’s no denying the coolness of this building.
According to Emporis, construction was started on this building in 1927 when there was a flurry of building of luxury lake front apartment buildings in Chicago.
With 64-units, it was completed in 1928, just before the stock market crash.
Designed by Robert De Golyer, it is in the Renaissance Revival style with Moorish architecture, including arches.
Its footprint resembles a Maltese Cross.
The building is also one of the few that has a private beach on Lake Michigan.
It is on the National Register of Historic Places.
This unit has a grand foyer and vintage moldings.
The listing says it has Northeast views.
It has a rehabbed bath.
The kitchen has modern cabinets, with stainless steel refrigerator and a convection oven. The listing says it has custom lighting.
There is no in-unit washer/dryer or central air. The building has a private parking lot next door with a camera and security guards with rental spots for $20 a month.
This building is a co-op with a doorman. The HOA apparently includes the taxes.
In 2007, this was listed at $97,500. It apparently never sold.
9 years later, it is now listed at $105,000.
If you want to see the building, and its distinctive architecture, it will be on the Open House Chicago tours on Saturday and Sunday from 9am to 5pm.
If you want to see some of Chicago’s finest architecture, this weekend is your chance.
It’s free.
Go!
Will this co-op finally sell in this hot market?
Ray Blaney at Re/Max Premier has the listing. See the pictures here.
Unit #2D: 3 bedrooms, 2.5 baths, 2400 square feet
- I don’t have a prior sales price because it’s a co-op
- Was listed in 2007 for $97,500
- Was on and off the market since
- Currently listed at $105,000
- Assessments of $836 a month (includes heat, gas, taxes, doorman, cable, exterior maintenance, lawn care, scavenger, snow removal)
- Taxes are included in HOA
- Parking is $20 a month in private lot
- No central air
- No washer/dryer in the unit
- Bedroom #1: 17×12
- Bedroom #2: 17×12
- Bedroom #3: 12×9
- Dining room: 17×13
Did a first grader take the pictures for this listing? This is embarrassing for the realtor.
3 Bed / 2.5 bath and not a single picture of a bedroom or even living room for that matter. Even the dining room. I thought this was a listing for a studio.
Another example of affordable housing in Chicago…
I mean the realtor is only to make like 5 grand on the deal, why bother trying hard?
“I mean the realtor is only to make like 5 grand on the deal”
more like half that
“I mean the realtor is only to make like 5 grand on the deal”
After splitting that with the buyer’s realtor and paying 1/3 of it in commission to his brokerage, his portion is actually closer to $1650, assuming no money spent on marketing, before taxes and deductions. Net take home pay on this has got to be around a thousand bucks.
Is there a positive outlook for this neighborhood? I’m not familiar. I know that it was once better and it’s slipped down. Is there something coming that is going to bring it up?
oh well only a thousand bucks, better suck at your job and not even bother trying to take 20 minutes to take decent pictures
“3 Bed / 2.5 bath and not a single picture of a bedroom or even living room for that matter. Even the dining room. I thought this was a listing for a studio.”
Russ, perhaps you were looking at the old listing. The newer one has a couple of the living room, a bedroom and a bathroom.
amazing looking building and location along the lake. If this was on the North side, it would be going for at least $700k. There are so many beautiful buildings/homes on the south-side of Chicago. Unfortunately, the South-side is usually dangerous and crime-prone.
It looks like the agent added pictures since this morning.
This type of place shows that Chicago is affordable for almost everyone.
“the South-side is usually dangerous and crime-prone.”
South shore is nowhere near the worst neighborhoods, trib ranks it around (16th worst out of 77) crime stats are sort of skewed though by the crap area west of the lake front
granted I wouldn’t want to live here but its fairly nice along the lake
“Parking is $20 a month in private lot”
i thought that was a typo until i saw it twice.
South Shore is 1% white. That’s not an exaggeration.
“amazing looking building and location along the lake. If this was on the North side, it would be going for at least $700k. There are so many beautiful buildings/homes on the south-side of Chicago. Unfortunately, the South-side is usually dangerous and crime-prone.”
What you really mean is that you don’t want to live with those colored folks down on the southside! That’s what you really mean.
“What you really mean is that you don’t want to live with those colored folks down on the southside!”
Median household income in South Shore community area is $27,903 (that is, 60% of Chicago’s median HHI, and about 50% of the AMI for single person households). The community area includes Jackson Highlands, so that means the rest is *really* poor.
Not that “dangerous and crime-prone” is at all the same thing. But given a choice, and the financial means, who *chooses* to move to a legitimately poor neighborhood? This place is *really* nice for ~$1300/month, but…
There are some SFH’s with private lakefront in South Shore that I would seriously consider living in. Its a straight shot up the Lakefront Trail to the loop.
I wonder if lake erosion is an issue here, or could be. I’m going to go check it out tomorrow and have brunch at the Parrot cage.
“What you really mean is that you don’t want to live with those colored folks down on the southside!”
LoL, actually a few years back I was looking at some property in the South & West sides of Chicago due to their super affordable cheap prices. Every time I drove down the streets or got out of my car to look at houses, I would get mean/hard glares from the African American neighbors on the streets. One group of young men even shouted obscenities at my wife and I. I did not feel welcomed at all, so I stopped looking in those areas.
What I did to get myself more welcome in the neighborhood was to buy pot from the locals. Of course, I threw it out. Then I started asking what else I could buy. So they started bringing me things that fell off a truck such as brand new tube socks, brand new Hanes t-shirts, 12 packs of Bounty paper towels, etc. Then, I told them I was looking to buy a place and let me know if anyone wanted to sell. Worked out great.
“I wonder if lake erosion is an issue here, or could be.”
I stopped to talk to the owners of a home with private lakefront for a few minutes over the summer. They were a nice older white couple who said they had owned the place for almost 30 years. The two major unsolicited things they mentioned were 1) how much the neighborhood had changed in that time 2) that they were concerned about how the rising lake levels were affecting their tiny slice of beach and their retaining walls.