Gutted Pre-War 3-Bedroom in a Boutique Building in Streeterville: 220 E. Walton
This pre-war 3-bedroom in 220 E. Walton in Streeterville came on the market in March 2022.
Built in 1919, 220 E. Walton was designed by Fugard & Knapp and has 19 units.
There are just 2 units per floor.
The listing gives more details.
220 E. Walton is a professionally managed building with new elevators, life safety systems, upgraded building plumbing, parking lot, and other recently completed building projects. Front facade work is in progress; an updated lobby is planned for later this year. Expect impeccable service from the staff — who greet you by name, open the lobby door, and call the secure elevator for your use.
The listing says this unit was “totally gutted in 2016” but it still has some of its vintage features such as a wood burning fireplace in the living room, with a gas starter, and a 23 foot grand gallery.
One of the 3 bedrooms is being used as an office with custom granite desk and built-ins.
There’s a primary suite and a den/tv room with built-ins.
The unit has custom cabinets, oak hardwood floors and Lindsey Adelman light fixtures.
The chef’s kitchen is an eat-in kitchen with white cabinets and stone counter tops along with a Wolf 6-burner gas range, 2 Wolf ovens, wine fridge, Subzero refrigerator and walk-in-pantry.
The unit has the features buyers look for including washer/dryer in the unit, central air and 1 leased parking space is available for $240 a month.
Like the furniture? The listing says all electronics, furnishings and the Peloton stay with the sale.
The unit also comes with 2 walk-in room size storage rooms.
This building is just a quick stroll to the shops and restaurants on the Mag Mile and is near the Lake and Oak Street Beach.
Listed for $1.575 million, is this the perfect property for a second home?
Doug Harter at Baird & Warner has the listing. See the pictures here.
Unit #7E: 3 bedrooms, 2.5 baths, 3000 square feet
- Sold in April 2011 for $730,000
- Sold in August 2018 for $1.44 million
- Currently listed at $1.575 million
- Assessments of $3,016 a month (includes heat, gas, doorman, cable, exterior maintenance, lawn care, scavenger and snow removal)
- Taxes of $19,238
- Taxes of $240 a month
- Central Air
- Washer/dryer in the unit
- Assigned parking space is leased for $240 a month
- Wood burning fireplace
- Bedroom #1: 20×12
- Bedroom #2: 20×13
- Bedroom #3: 20×15
- Living room: 26×17
- Dining room: 20×16
- Kitchen: 15×15
- Den: 20×12
- Family room: 15×13
- Gallery: 24×9
$240 for leased parking is a great deal in this neighborhood. Most vintage buildings don’t have that kind of amenity.
Otherwise, the unit itself looks elegant and the building is handsome, but there’s not a lot that really draws me in besides the location. It’s probably light-challenged, as any 7th floor apartment on this street would be, there’s no outdoor space, and the building appears to lack amenities like an exercise room (unless I missed that).
The $3,000 assessment isn’t much lower than what you’d pay around the block on East Lake Shore, and neither is the asking price. I’d rather pay the same or slightly more and live around the corner with a lake view.
The Mies place yesterday is better at half the price.
Imagine spending $12K every month to have a view of a brick wall.
“Peloton stays with the sale.”
The Peloton heyday is over. It’s the new Nordic Track. We’ll see these ugly unused fixtures tucked into corners gathering dust for years to come, and in about a decade will regularly see them sitting out by the dumpsters.
“ Listed for $1.575 million, is this the perfect property for a second home?”
Perhaps if your name is Rockefeller.
I’d say it’s the proper price for an ONLY home, and that it’s only a little more than what I’d be willing to give for this beautiful apartment.
It does not compare apples to apples with the unit at 200 W Pearson you recently featured. This unit is 3,000 sq ft, vs 2100 for the other. Better, this is a condominium, not a cooperative. Associations organized as condominiums are far more advantageous for their owners than a cooperative, a form of ownership that I believe shouldn’t even exist and that anyone not really rich, ought to avoid.
The HOA, at about $1 a sq ft, is not outrageous for a high-service older high rise building. I’d inquire as to the association’s financial situation – it’s reserves, any needed capital investments, the amenities included, before I bought- but it may be in line.
A word to the wise: we who own in older, high maintenance buildings with many amenities such as pools, doorman, and rec rooms, and that have a lot of decorative stone work or terra cotta embellishment, need to brace ourselves for higher reserve requirements and higher HOAs. Laws and FNMA rules requiring higher reserves and reserve studies are being written right now, and will make life a little more expensive for condo and coop owners.
Crackhead pricing. Nearly a $12K nut without parking in a 100 year old building with no amenities… yikes.
“It does not compare apples to apples with the unit at 200 W Pearson you recently featured. ”
agree – aside from the size and condo vs coop, the level of finishes are far superior. they spent a ton on wall coverings, built-ins, etc. A/V and some of the furniture are also included. You’d have to really love all the finishes to justify the price.