If They Build It You Will Buy It: 2-Bedroom for $474,900 at 1022 W. Diversey in Lakeview
This new construction 3-unit building at 1022 W. Diversey in Lakeview has just put its first unit on the market.
It is on the border of Lakeview and Lincoln Park with the Diversey Brown Line stop just steps away.
The unit has luxury finishes including Viking and Bosch appliances.
It also has marble baths.
Parking is included.
There are big decks out front so that on summer nights you can sit outside and watch the people working out in the Lincoln Park Athletic Club which is directly across the street from this property. (You can’t tell from this picture, but you can see everyone on their treadmill and they can see you.)
This 2/2 is listed for nearly $500,000.
Is there still a market for these expensive, luxury 2/2s in Lakeview?
Patrick Devereux at Coldwell Banker has the listing. See the pictures here.
Unit #2: 2 bedrooms, 2 baths, no square footage listed
- New construction
- Currently listed for $474,900 (parking included)
- Assessments of $148 a month
- Taxes are “new”
- Central Air
- Washer/Dryer in the unit
- Bedroom #1: 14×12
- Bedroom #2: 14×10
That is a tight living/dining space. What’s the point of having a great kitchen when you can’t even fit a dining room table to entertain with? I don’t know why you would buy this when you can get a 3 bed at this price point. Someone will snatch it up soon though, I think.
I really liek the location despite being on a busy street. This will sell for 450k
New construction always seems to find buyers that will overpay. Whoever buys this will more than likely lose money when they resell.
All these new units seem to look exactly alike. What happeneded to diversity in housing?
” What happeneded to diversity in housing?”
They thought the name of the street was sufficient.
If this were several years old, I wouldn’t be able to imagine it going for above $350k. However, there are lots of suckers for new construction. I predict these will be going as short sales in 3-5 years once the buyers have a baby.
Where did they take the deck pic from? That clearly isn’t the view from this building!
The negativity on these boards kills me. This place is really nice but nobody will give any credit where due. There are some real negatives on this one though due to location. The neighborhood is fantastic however this street isn’t ideal. Diversey is busy and any El station tends to attract sketchy folks in the immediate vicinity; Even one in Lincoln Park. If this were on a quiet street (wilton, wrightwood, etc.) I would think this would get close to asking price easy (however, it would likely have been priced much higher). For instance this similar home on wrightwood that is pending with a list of $499K. http://www.redfin.com/IL/Chicago/823-W-Wrightwood-Ave-60614/home/13361135
It’s clear there is a market for upscale 2-2s in Lincoln Park. Premier location, incredibly low assessments compared to downtown high rise living, top schools, great restaurants/bars. I understand the negativity people have regarding the market as whole but from an affordability standpoint I personally believe a home like this is incredible bang for the buck. Just my two sense – from someone looking to make a purchase in the coming weeks/months.
Whenever I see this design, I think of the keggers I used to go to at a place on south side of Belmont just west of Lake Shore Dr. that had this kind of deck. All that deck needs a keg and a Big Ten university flag.
1.) I personally don’t like this area. I used to live around there, although that was over a decade ago.
2.) Most buyers don’t want to live on a a busy street.
3.) Finishes are nice, but nothing is unique about this unit. As far as unique goes, extra width is always a plus.
4.) The unit is not uniquely large, it looks like a standard 2/2.
5.) Everyone loves new construction.
The developer could have used a more appealing entry door as opposed to the standard door that you would get at Menards.
And a bulletproof insurance policy that also waives criminal prosecution when said frenzied keg drinkers over-populate the deck and it collapses.
“Whenever I see this design, I think of the keggers I used to go to at a place on south side of Belmont just west of Lake Shore Dr. that had this kind of deck. All that deck needs a keg and a Big Ten university flag.”
I’m waiting to see what Unit #3 looks like and hoping for a fabulous rooftop deck to gawk at, or from which the owners can gawk at the gym patrons. Sabrina’s been rolling with the deck/terrace theme recently, so it’s not too much of a stretch.
I know, new construction, blah blah blah, but I just can’t see a place like this going for more than 4.
Ugh, the same builder is building the same POS on two lots down the street from me… just awful aesthetics and cheap construction. Yeah yeah, there will be suckers because after all this is America and new is king, but I wouldn’t spend on a dime on garbage like this.
I GUESS EVERYONE DOES LIKE NEW:
http://www.redfin.com/IL/Chicago/1318-W-Webster-Ave-60614/home/13353759
sold before print!!!
{Told by an idiot, full of sound and fury, Signifying nothing}
reading comprehension fail
It’s not sold when there is a contract or sale pending. Better to wait for a property to close and even then exam the transaction for shenanigans
chichow – read the listing carefully – i was being sarcastic because the listing says “sold before print”.
Why don’t we talk about something more interesting- like whether or not finally getting snow will put the kibosh on the housing market for the next few weeks?
I’m hoping for some cold and snow. This warm weather is freaking me out.
“I’m hoping for some cold and snow. This warm weather is freaking me out.”
Ha! Yeah. It HAS been surreal.
Bring on the snow!
supposed to snow
http://www.weather.com/weather/today/Chicago+IL+60614
I guess I can see why people may like something like this, but after looking at the 2 properties above… this sucks. BORING. I’m not talking size but character. Putting some cheap moulding on the wall doesn’t quite do it for me. This is generic. This exact building is on Waveland near me, and I’m sure scattered elsewhere throughout the city.
Actually, this snowy weekend (a 3-dayer for some of my clients) will be one of the busiest for me since before turkey day.