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Gold Coast Coach House Reduced $13k: 1234 N. Dearborn

Remember the Gold Coast coach house at 1234 North Dearborn that was in foreclosure that we chattered about in early May?

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It’s still on the market and recently had a $13,000 price reduction.

Another unit in the condo association has also come on the market- in the building in front of the coach house.

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How will the foreclosure on the coach house unit affect the sale of the other unit? Or will it? We’ll soon find out.

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Unit #3F: 3 bedrooms, 2.5 baths, 1950 square feet

  • Sold in October 2005 for $720,000
  • Currently listed for $839,000 (tandem parking available down the street for $45,000)
  • Assessments of $424 a month
  • Koenig & Strey has the listing

The interiors look the same for the coach house:

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1234 N. Dearborn #CH: 2 bedrooms, 2.5 baths

  • Sold in June 2000 for $395,000
  • Was listed in May 2008 for $450,000
  • Reduced
  • Currently listed for $437,000
  • Assessments of $335 a month
  • Area Wide Realty has the listing

This entry was posted on Thursday, June 26th, 2008 at 10:23 am and is filed under Gold Coast. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

14 Responses to “Gold Coast Coach House Reduced $13k: 1234 N. Dearborn”

  1. PICK UP THE CHAIRS!

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  2. PICK UP THE CHAIRS!

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  3. Haha! That foreclosure is a compkiller. The owner of 3F might as well start calling unit CH COMPZILLA. They’re so scr_wed..

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  4. PICK UP THE CHAIRS!

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  5. I love the idea of a coach house in an incredible location, even with cheap finishes. The horrid gangway to the coach house is a deal breaker.

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  6. David (the first one) on June 26th, 2008 at 3:46 pm

    The chairs made me laugh out loud. It’s like they were trying to emphasize the magnitude of disarray the property is in.

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  7. The chairs fell down during a fight between the bank and the dead-beat.

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  8. Judging from the condition of the bank’s balance sheet, the deadbeat won.

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  9. GeZeus. Looks like someone was killed there.

    (PICK UP THE CHAIRS!!!!!!!!!!!!!!!!!!!!!!!)

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  10. At least the address is easy to remember.

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  11. As an aside I was interested in a studio at 1240 N Dearborn last summer listed for 110k. By the time it hit the MLS though the agent seemed completely uninterested, it had apparently already gone under contract before hitting the MLS. If theres a reliable buyer lined up why list it?

    Not really a GC guy myself, but for 110k I could afford to cab it to favorite nightspots, pay for parking and still walk to work. 1240 N dearborn you are/were such an MLS tease.

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  12. Meanwhile, couldn’t someone PICK UP THE CHAIRS?!

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  13. This place will sell for $295K; if they are lucky.

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