Looking for a Vintage 2-Bedroom With Garage Parking in Lakeview? 2851 N. Burling
This 2-bedroom at 2851 N. Burling in Lakeview just came on the market.
Built in 1916, this building has 6 units and 3 separate private 1-car garages.
This unit has the layout and rooms that are common with vintage units including a four season room, a dining room and hardwood floors throughout.
The west facing unit has a private balcony off the front of the unit which, according to the pictures, fits a small bistro table and chairs.
The kitchen has white 42″ cabinets, granite counter tops and stainless steel appliances.
There’s a separate office with a built-in bookcase.
This is also a rare vintage unit that has 2 full baths.
The listing says the second bath, which has a glass enclosed shower door, was converted from a half-bath into a full.
It has the features that buyers look for including washer/dryer in the unit, space pak cooling and one of the three private garage spaces.
It’s four blocks to the Diversey Brown/Purple line stop and near the Trader Joe’s and all the restaurants/shops on Clark and Broadway.
Listed at $496,000, this property seems to have it all.
Will it sell quickly?
Julie Roback at Baird & Warner has the listing. See the pictures here.
Unit #2S: 2 bedrooms, 2 baths, 1550 square feet
- Sold in June 1993 for $181,000
- Sold in April 1995 for $186,500
- Sold in October 1996 for $185,000
- Sold in April 2002 for $350,000
- Sold in May 2009 for $406,000
- Sold in August 2013 for $470,000
- Currently listed at $496,000 (1-car garage parking included)
- Assessments of $357 a month (includes heat, exterior maintenance, scavenger, snow removal)
- Taxes of $8940
- Space Pak cooling
- Washer/dryer in the unit
- Bedroom #1: 12×10
- Bedroom #2: 11×9
- Living room: 20×13
- Dining room: 18×12
- Kitchen: 14×8
- Office: 10×6
- Sunroom: 9×7
- Front balcony
Yikes. I like it. Burn me I guess.
Not too bad for someone w/o kids. Nice that they didn’t go all open concept
Guessing they threw up a wall to split the 2nd BR & den (no radiator in the den)
Capital appreciation is zero. It seems like many of the houses highlighted have been priced at or very near orig. purchase price + 6% – HAWT
Owner will be picking up the heat for the 4 season porch
much better than that piece of crap in Old town yesterday
April 2002, $350,000 + CPI = $502k. And a decent amount of $$ spent on updating over that time.
But those 90s sales! Ouch!
Two baths and separate living, working, dining spaces is really nice. Not a fan of the micro-hood and again with the cheapo drop in sink on granite. I also think it is weird when your laundry is in your bathroom but this is about as nice as I have ever seen that combo done.
I feel sorry for anyone who *has* to sell right now. If they are moving up in the world, that is entirely different.
Perfectly nice with touches I like, including the balcony and garage parking, which is hard to find. Nothing really offensive about the finishes. The bedrooms are tiny, which you expect with vintage. Nice to have that little office as an extra room, and glad they didn’t call it a bedroom, which it’s not.
I don’t love the street, but I could live with that. What’s hard to take is the price, which seems kind of high to me. But maybe I’m wrong. I’d say $450,000 would be more in the right neck of the woods.
Actually just checked the street on Google street view and it’s nicer than I remember. I guess I agree with the Cat – not a fan of this micro-hood. Diversey and Halsted is an ugly corner and neither of those streets offers much in the way of interesting stores or restaurants. Great access to the el, however.
If this one were slightly cheaper it might make it onto my list, but I prefer high-rise living.
JohnnyU on May 1st, 2020 at 7:13 am
Capital appreciation is zero.
Yup. Almost certainly negative after factoring in buy side and sell side closing costs, realtor commission, and any possible special assessments or maintenance/updates. Though perhaps mortgage interest deduction helped offset some of that over the years.
I’m really glad I didn’t buy many of the green-zone condos I was looking at after 2012. I’m a bit surprised at their lack of appreciation since. I’d think after 7 years of owning you’d be able to walk away with some realized profit. Wasn’t that always the expectation? Either way it feels much better to own a house with land, especially in this era of social distancing. Right now renting seems the way to go if you want to live downtown.