Is This the Prettiest Street in Chicago? A SFH at 1340 E. Madison Park in Kenwood
This 5-bedroom single family home at 1340 E. Madison Park in Kenwood came on the market in June 2019.
The house was built in 1885 but an addition was put on the back of the house in 2005 which added a separate eat-in kitchen and family room as well as a modern back deck.
It’s built on a larger than standard 25×145 lot and has a 2-car garage.
This is a rare single family home on Madison Park, a private park that stretches for 3 blocks. The street is one way and has street parking around the oval.
Most of the other properties are condo and apartment buildings.
In the center there is the park which has a plethora of flowers, trees and green grass where kids were playing a game of football when I was walking through the neighborhood.
It’s like its own forest and garden in the middle of the city.
This house has some of its original finishes including mahogany floors and staircase.
It has 2 fireplaces, but the one in the living room is decorative.
3 of the bedrooms are on the second floor with the fourth on the third floor and the fifth in the basement.
Two of those bedrooms are master suites with en suite baths.
It also has a large walk-in closet.
The house has central air and, a unique feature, a wood paneled elevator.
The kitchen has what looks like gray or blue cabinets (or black?), stone counter tops and stainless steel appliances.
Is this an opportunity to own a single family home on one of Chicago’s prettiest streets?
Kimberly Chase-Harding at BerkshireHathaway KoenigRubloff has the listing. See the pictures here.
1340 E. Madison Park: 5 bedrooms, 3.5 baths, 3800 square feet
- Sold in August 1989 for $245,000
- Sold in June 1998 for $320,000
- Sold in September 1999 for $390,000
- Sold in July 2005 for $1.111 million
- Sold in June 2015 for $1.25 million
- Originally listed in June 2019 for $1.495 million
- Currently still listed at $1.495 million
- Taxes of $11,875
- Central Air
- 2 car garage
- 2 fireplaces
- Bedroom #1: 17×14 (second floor)
- Bedroom #2: 11×17 (second floor)
- Bedroom #3: 11×11 (second floor)
- Bedroom #4: 13×15 (third floor)
- Bedroom #5: 12×16 (basement)
- Office: 11×6 (basement)
- Recreation room: 12×22 (basement)
- Walk-in-closet: 9×10 (second floor)
impressive and I love Hyde Park as an alum, but for 1.5mm I’d rather own in Lincoln Park. Maybe wonderful for a tenured professor.
That seems to be the going rate for SF of similar standard & size in HP/K at the moment.
This one has a lot of nice elements and I love the street. Not sure what the market is for a family looking to pay $1.4 million in Hyde Park, but this might fit the bill.
“impressive and I love Hyde Park as an alum, but for 1.5mm I’d rather own in Lincoln Park. Maybe wonderful for a tenured professor.”
The university is a big job generator on the south side. It’s not just tenured professors. Think about all the doctors and nurses at the hospital.
I had a doctor friend who worked there. While they would have loved to live in Lincoln Park, that commute every day was hell. And they had small kids which made it even more unworkable.
The furthest north they would go was the loop and the west loop.
Most faculty and staff can’t afford a house in HP anymore. Hence the big boom in Woodlawn (it was already gentrifying in the mid/late 90’s, but mostly people of color) in the past few years. Fritz Kaegi’s childhood home is for sale right now and it’s out of the range of today’s equivalent of his parents.
Of course, I just met someone (this really isn’t particularly relevant to this thread) who moved from Ukrainian Village or Logan Square (can’t remember which now – somewhere up that way) down to Flossmoor because the schools were better – at least than their local school, I guess their kids didn’t get into magnets – and housing far cheaper.
This condo was under contract within days on E. Madison Park.
Listed at $685,000.
Sizzle.
https://www.redfin.com/IL/Chicago/1205-E-Madison-Park-60615/unit-2/home/170447407