Looking for a “One of a Kind” Gold Coast Penthouse? 221 E. Walton
This 3-bedroom at 221 E. Walton in the Gold Coast is among the most unique penthouses on the market right now.
The triplex unit has a two story living room with an 18 foot wall of windows overlooking Lake Michigan.
But if you long for city views, it has a third floor terrace with hot tub overlooking the city lights.
It has dentil and crown molding as well as custom built-ins.
2 of the three bedrooms are on the second floor with the third on the main level. From the floorplan, it appears that the master bedroom is the room open to the living room and that the second bedroom has been turned into a master bedroom closet.
The kitchen has stainless steel appliances and granite counter tops.
The unit also has 12 skylights.
It has washer/dryer in the unit and deeded parking (with a second space available for $50,000) but it looks like no central air. It is wall unit cooling. The building was constructed in 1981.
Originally listed in March 2011 for $1.499 million, it has been reduced $100,000.
Who’s the buyer for this unique property?
Eudice Fogel at Prudential Rubloff has the listing. See the pictures and the floorplan here.
Unit #20PE: 3 bedrooms, 2 baths, 2355 square feet
- Sold in May 2001 for $1.375 million
- Sold in September 2002 for $1.2 million
- Originally listed in March 2011 for $1.499 million
- Reduced
- Currently listed at $1.399 million (includes one parking space)
- Assessments of $1471 a month (includes doorman, cable)
- Taxes of $6821
- Wall unit air conditioning
- In-unit washer/dryer
- Can purchase second parking space for $50,000
- Bedroom #1: 18×17 (second floor)
- Bedroom #2: 20×12 (second floor)
- Bedroom #3: 13×12 (main floor)
decent place, good price, excellent location. nothing more to be said.
Agreed with Clio – very unique unit with great views. Horrible staging makes the place look way too cluttered and cramped, even the kitchen! Let this place breathe a little!
That’s an awesomely cool 1br + 2 den unit. Don’t love the (fixed) decor, but if I were in the market for a $1.4m condo of this size, I could afford to swap out the stuff I don’t like.
Off-topic:
*REALLY* want the “Next Post” “Prior Post” buttons back. Hate going back to the home page every time.
Here’s proof that money can not buy taste, what a mishmash of ugly shit! This place has so much potential but it is ruined by all these awful finishes!
800k, tops because you’d need to do at least 500k of work to make this place look nice.
ceiling height?
Does CC like this or Sabrina’s past link to the Trump 1 bedroom with mongo (still don’t know if usable) deck?
http://cribchatter.com/?p=8699
taxes damn low
Tihs place is in dire need of some staging. Way too cluttered and somewhat dated. It has potential though.
“taxes damn low”
Whole building is assessed pretty low.
This place is an architectural mess and as stated needs 500K to look decent beyond getting rid of stuff to see the bones first. Taxes are low but won’t be if this moves at 1-1.2
I love it. Yes, decor could be changed but unique space for location!
“Taxes are low but won’t be if this moves at 1-1.2”
It has sold–twice–for $1.2+ and is still assessed at ~$500k market value. The next sale likely will make no difference, unless the whole system is reformed.
The building is so ugly on the outside, I never would have expected it to be so nice inside. The decor isn’t to my taste, but the space is great and it’s nice to have multiple floors. It would be on my list if I was in the market for something in this price range.
This appears to be an excellent deal for this location. Great views, a unique space, good outdoor space. Even the taxes and assessment are relatively sane considering the area, though I doubt this building has many amenities compared to those nearby.
Definitely needs major re-decorating, but I can live with that.
the ph next door was for rent in 09.. maybe 3.5k/mo. it wasnt done up as much and was not practical for little kids.
by next door I mean same floor, #20pw
I couldn’t find the floor plan in the listing. Can anyone direct me? Thanks.
“Can anyone direct me?”
Linky:
http://www.rubloff.com/files/07912270_30092011_052823.jpg
And, looking again at the plan, if you make this into a real 3 bedroom, you lose a lot of what makes it a $1m+ kind of space.
Also, how do we collectively feel about the “TV over the stairs” concept? Not whether it affects the appeal of this place, but just in general?
In this instance, the t.v. over the stairs seems to be a pretty smart use of space.
Someone needs to get this down to around $1 million (maybe $1.1), then spend $100-200k on updates, if that. That someone probably won’t have kids (other than the occasional kid or grandkid guests). It could be pretty nice.
“Also, how do we collectively feel about the “TV over the stairs” concept? Not whether it affects the appeal of this place, but just in general?”
how about “holy crap balls terrible”
Thanks for posting the floor plan.
Not a good place for families, but this would be a great empty nester’s pad.
“the ph next door was for rent in 09.. maybe 3.5k/mo. it wasnt done up as much and was not practical for little kids”
no way – this place could EASILY rent for 4500plus. don’t lie and don’t state things that aren’t true – any realtor would back me up on this one.
“In this instance, the t.v. over the stairs seems to be a pretty smart use of space.”
In some magical circumstance, maybe. You’d have to worry about the fact that you’re prob watching tv in hallway, impact on noise downstairs. Maybe there’s a setup somewhere that would make sense. It’s a little hard to see. Here, the angle is also way too high.
“Here, the angle is also way too high”
But you have to be able to see it over the railing!! (Which is a reasonaable stand in for a fireplace.)
This is traditional, the TV is over the stairs in every Provencal cabana I’ve ever seen.
Note there’s a gap of a foot or so between the stairs and the TV wall, why on earth? Turn the couch around, mount the TV on the wall where the big pond painting is.
“Note there’s a gap of a foot or so between the stairs and the TV wall, why on earth?”
Where else do you hang the tapestry?
Is that another kitchen next to the TV viewing couch or just a bunch of cabinets or a wet bar for your parties up there or something? This place is such a cluster
No one else has pointed out, but it seems like the Master Bedroom is: 1) totally open (no door & perhaps 1/2 wall overlooking the LR)? 2) Also you need to walk through that space–oh & ALSO the Master closet or bathroom?? to get upstairs to the “TV room”/deck!!
I am now certain the number was very close to 3500/mo, thanks
I am with Sonies. The clutter here gives me a headache or maybe it is because I did not sleep last night?
“you need to walk through [the MBR}–oh & ALSO the Master closet or bathroom?? to get upstairs ”
Yes, to thru the MBR, no to thru the closet–the plan is a little funky, but the stairs up originate in the hallway and go to the tv room/deck.
Like I said, a nice, very large 1br + den/office.
Same layout as the British Consul General’s place, also in the building. He has modern furniture, which makes all the difference. Wow, love it. How can taxes be so cheap, though? Assessments are quite reasonable, too.
I swear, I’ll never understand why some folks gussy up a glassy, glossy modern place up with really heavy traditional decor replete with cove moldings and period paneling and striped or floral wallpaper and period furniture, while other people utterly destroy a lovely traditional place in a fine old prewar building by stripping it of every last vintage detail and making the place so lean & clean & bright & light, that you feel like you’re living in a laboratory or operating room.
This is a great place otherwise, but I’d want to strip all the “traditional” stuff out of it and use it to restore a certain prewar Edgewater penthouse I know of that had its guts ripped out and replaced shiny white modern everything.
Laura has said it perfectly! If you want a cool downtown penthouse it is not likely supposed to be formatted and decorated like a colonial home in Barrington Hills!
UGLY UGLY UGLY……
Call Rahm Emanuel and get him on property tax reform asap. I’m flipping sick of seeing stuff like this happen every week on crib chatter. There must be an easier way to figure out values and to assign a correct rate.
I don’t understand why the current owner didn’t just buy a mansion in Lake Forest, because it’s clear that that’s what they were going for with the decor.
I’d rather go for the full floor 18E unit at $749k and start from blank instead of having to spend so much gutting this place.
Hi Jennifer, good to have you back. Hope all is well.