Looking for a Vintage Pied-a-Terre in Lincoln Park? 2000 N. Lincoln Park West
This 1-bedroom at 2000 N. Lincoln Park West in Lincoln Park came on the market in August 2015.
The building was constructed in 1931 and has 195 units.
This building used to be apartments until it was converted into condominiums in 2004-2005 at the height of the boom. The developer offered an upgrade package for the kitchens which consisted of new cabinets, granite counter tops and stainless steel appliances.
We chattered about the short sales and the foreclosures in this building numerous times from 2008-2012. Here’s a November 2008 chatter about the distress sales in the building.
But now the wave of buyers who bought in the dark times, are trying to sell.
This 1-bedroom on the 15th floor faces west, so it has views over Lincoln Park and NOT park and lake views.
But the listing says it has been “completely renovated.”
The listing says all the wood work has been stripped and refinished.
This unit has crown molding, hardwood floors, built-ins in the living room and dining room.
The kitchen has stainless steel appliances, including a Subzero refrigerator drawer.
There is no central air, but the listing says it has 3 LG air conditioners.
There’s also no in-unit washer/dryer or parking.
This unit is being sold fully furnished so a buyer looking to use it as a pied-a-terre could use it immediately upon getting the keys.
It’s come on the market for $39,400 more than the original 2005 purchase price.
Has this building fully recovered from the housing bubble crash?
Monique Pieron at Berkshire Hathaway KoenigRubloff has the listing. See the pictures here.
Unit #1504: 1 bedroom, 1 bath, no square footage listed
- Sold in July 2005 for $220,500
- Sold in February 2011 for $152,500
- Originally listed in August 2015 for $259,900
- Currently still listed at $259,900
- Assessments of $535 a month (includes heat, water, gas, cable, doorman)
- Taxes of $2025
- No central air. Window units only
- No in-unit washer/dryer. Coin laundry in the building
- No parking
- Bedroom: 15×12
- Living room: 20×13
- Dining room: 9×8
- Galley kitchen: 8×5
Hah! The assessments look to have been lowered since this building’s conversion, because I remember seeing much higher assessments for one-bed units- around $800.
This is a gorgeous building, and the apartments are beautiful, though small. I would have done the kitchen slightly differently- it did not need the window into the living room, which detracts from the appearance of the living room while taking up valuable overhead cabinet space, very needed in this small unit.
Lovely building and great location make it worth the price.
No central a/c, no in unit laundry, no parking, and a crappy conversion. Should sell for 2011 price – crap unit