Looking for a Unique Historic 3-Bedroom Coach House? 1924 N. Seminary in Lincoln Park
This 3-bedroom coach house at 1924 N. Seminary in Lincoln Park came on the market in May 2014.
It is part of an 8-unit vintage building built in 1883.
It has unique features you don’t often see in today’s new construction including exposed brick, a wood beamed ceiling and a top floor sunroom/media room or third bedroom that connects to an outdoor terrace.
The kitchen has dark wood cabinets, granite counter tops and stainless steel appliances.
It has central air, washer/dryer in the unit and a 1-car garage.
Originally listed at $619,000 it has been reduced $20,000.
What will it take to sell this piece of Chicago history?
Cathy Gibson Fay at KoenigRubloff has the listing. See the pictures here.
Unit #CH: 3 bedrooms, 1.5 baths, no square footage listed
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- Sold in June 1999 for $315,000
- Sold in July 2004 for $485,000
- Sold in September 2007 for $553,500
- Originally listed in May 2014 for $619,000
- Reduced
- Currently listed at $599,000
- Assessments of $222 a month
- Taxes of $6136
- Central Air
- Washer/Dryer in the unit
- 1-car garage
- Bedroom #1: 20×10 (second floor)
- Bedroom #2: 12×11 (second floor)
- Bedroom #3 (or media room/sun room): 17×11 (third floor)
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By the way- why isn’t this selling?
It should be under contract by now. Maybe after this weekend it will be.
A unique property in Lincoln Park shouldn’t be on the market a month, right?
[morning lag]
Oh, it’s just chuk bait.
“Oh, it’s just chuk bait.”
Not biting. This one not in my wheelhouse.
lag lag lag
all day long
lag lag lag while i sing this song
gonna wait this lag gonna make it shine
take off the spray paint with turpentine
Only one full bathroom. This is especially brutal given that this place is 3 stories.
Over $40k above bubble pricing.
This place looks perfect for hobbits, short ceilings and wierd layout… mostly stairs only one full bath… yeah no wonder it hasn’t sold for probably $375 a sqft to live in a friggin coach house!
Take off $100k, and they might get some nibbles.
That is an … interesting assortment of college pennants.
Look at comps sold around it in the last 6 months and that should give you an idea of how much more you can get for $550k-$600k. Oh wait, I forgot, the market is hot right now, and there will undoubtedly be bidding wars for this property…
Glad Jenny brought up the bathroom situation; paying over $500k for a unit (in Chicago) that doesn’t have a second full bathroom seems like a terrible idea.
It has a lot of charm and lots of things I really like: exposed brick, wood beam ceilings, and tons of windows in the top floor den. I also love that shutter door on the window in the bathroom to shut out light when you want to. You’re close to the brown line and Armitage and Clybourn shops, which is nice.
But it also has only one full bath, no bathroom on one of the floors (probably 1st floor), a circular staircase, coin laundry (gah!), and, although it says it has central AC, it looks like that’s an in-wall unit AC on the top floor. And the layout is just awkward – the footprint is a triangle and it leads to lots of space that’s tough to use.
I can’t imagine living in this space with a kid, but empty nesters probably don’t want all those stairs. I’m definitely interested to see what this sells for.
Sorry – I meant I like the shutter door on the window in the bedroom, not the bathroom. I don’t know under what circumstances a pitch dark bathroom would be a good thing!
“But it also has only one full bath, no bathroom on one of the floors (probably 1st floor), a circular staircase, coin laundry (gah!), and, although it says it has central AC, it looks like that’s an in-wall unit AC on the top floor. And the layout is just awkward – the footprint is a triangle and it leads to lots of space that’s tough to use.”
I don’t see anything in the public listing where it says it has coin laundry. Washer/dryer is included on the list of “equipment” which usually means it’s in unit. It says it’s on the first floor- but this is a coach house, after all.
But the other unit for sale in the building doesn’t have in-unit washer/dryer. That one at 1920 N. Seminary has coin laundry.
Anyone know if it does?
Sold Aug-15 for $510k
Appears to have been held to rent since then–buyer was an LLC that owns other property.
Was recently listed for rent at $3850/month:
https://www.redfin.com/IL/Chicago/1924-N-Seminary-Ave-60614/unit-CH/home/183826821
Taxes have somehow gone DOWN to $5339 last year. AMV = $259,590
If we assume that HOA has gone up a decent amount (say $350/mo, partly bc it makes math easier) and then apply the modified version of Steve-o’s napkin valuation approach:
(3850-350)*12 – $6k / .06 = $600k.
So it is still, 10 years later, only maybe worth that $599k ask.