Looking for a Lakeview Pied a Terre With Views? A 1-Bedroom at 340 W. Diversey
This 1-bedroom in 340 W. Diversey in East Lakeview came on the market in March 2017.
Built in 1957, these two buildings were designed by Mies Van der Rohe.
They have 330 units with an exercise room and a pool.
There is leased parking in the building for $200 to $215 a month.
This unit is a south and west corner unit with floor-to-ceiling windows and views of Lincoln Park.
The listing says it’s a “complete gut renovation.”
It has built-ins, including bookcases, cabinets and a wine fridge. There’s track lighting in the living room and what look to be all new doors.
The kitchen appears to have custom cabinets in the farmhouse style with stone counter tops and a subway tile backsplash.
There are built-ins in the bedroom.
The unit has central air but no in-unit washer/dryer.
The listing says this unit would make a perfect pied a terre.
It came on the market in March for $415,000 and has been reduced $16,000 to $399,000.
At just 850 square feet, that’s $469 a square foot for East Lakeview.
Is this neighborhood hot enough to command that price point?
Sophia Worden at Berkshire Hathaway KoenigRubloff has the listing. See the pictures here.
Unit #1415: 1 bedroom, 1 bath, 850 square feet
- Sold in November 1991 for $93,500
- Sold in June 1993 for $102,500
- Sold in June 1998 for $143,000
- Sold in July 2000 for $189,000
- Sold in November 2002 for $240,000
- Sold in September 2006 for $280,000
- Sold in September 2010 for $282,000
- Originally listed in March 2017 for $415,000
- Reduced
- Currently listed for $399,000
- Assessments of $731 a month (includes heat, a/c, doorman, cable/Internet, exercise room, pool, exterior maintenance, lawn care, scavenger, snow removal)
- Taxes of $4299
- Central Air
- No in-unit washer/dryer
- Leased parking for $200 to $215 a month
- Bedroom: 15×12
- Living room: 23×20
- Kitchen: 10×8
I wouldn’t pay over $300k for this place. I don’t mind the renovation choices, looks like a high quality build. However, it’s all wrong for this place to fetch a premium for someone that wants to be in an “architect” building.
Agree that it’s the wrong aesthetic for this particular building, but I quite like the reno, especially the built-ins in the bedroom.
Primo location.
I have no idea why someone would buy a unit in a Mies building and do this to it. Yes – – I agree they have “good taste” but a complete lack of context.
This is worth LOW LOW 3’s. Common Laundry – – awful. I bet an architecture buff would pay this ask if the finishes were more sensitive to the mid-century modern aesthetic. What a miss.
850SF LOL!! New math??
Jan Terri would barely fit in there!!!!
If that were a full gut rehab what do you think that renovation would have cost? $100k?
That fridge alone with the panels is prob $10k right there.
“If that were a full gut rehab what do you think that renovation would have cost? $100k?”
A lot. Everything looks custom. It’s very expensive to even just get new doors. In older buildings they are often weird sizes so those have to be custom too.
@looking to buy – – if you really want to spend some coin on a reno, there are other (cough, and larger), units in this building that could be had for A LOT less and they are not in bad condition. They are not posh like this one, but you could make them pretty nice and still spend less than they are asking here. Unit 1116 is pending but is $212,900 and is the same size as this unit. Unit 2017 is a 2/2 for $50K less. It is good looking – -not as posh, but put some money into it and you have a way nicer place. It also has original vanities in the bath and is worth a look just for that reason:
https://www.era.com/property/340-W-DIVERSEY-PKWY-_UNIT_2017-CHICAGO-IL-60657/26507540/detail
Great place, but it just seems to be a generational divide. Who wants to live here? What age? I cannot figure out who would buy this. Who is the target market??
I personally love the renovation and the location, but would never drop this kind of money for only shared outdoor space.
I personally don’t like this building or location. However, I’m aware of the appeal to some folks. An old neighbor of mine and co-worker moved to this building maybe 10 years ago. He bought a 2/2 and gutted the place top to bottom.
He installed a Poggenpohl kitchen and everything else that matches that style. The floors were some leather like tile material and he added sliders to the 2nd bedroom to open it up to the living to make it one large space.