Looking Under $250,000? A Vintage 1-Bedroom at 434 W. Aldine in East Lakeview

This 1-bedroom at 434 W. Aldine in East Lakeview came on the market in May 2019.

Built in 1910, this building has 20 units but no garage or parking. It has a common deck.

This unit has been freshly painted and has some vintage features like crown moldings.

It also has a vintage feature found in many units: a small sunroom which faces south.

The kitchen has white cabinets and appliances along with a breakfast bar.

The listing says the bedroom can fit a king-sized bed.

There’s no central air, just a window-unit a/c. There’s also no washer/dryer in the unit or parking.

But with a listing price of $225,000, is this a good starter apartment in a popular neighborhood?

Jesse Trevino at Century 21 SGR has the listing. See the pictures here.

Unit #2B: 1 bedroom, 1 bath, no square footage listed

  • Sold in April 1995 for $92,000
  • Sold in August 2000 for $148,000
  • Sold in July 2002 for $167,500
  • Sold in April 2004 for $182,500
  • Sold in July 2008 for $215,000
  • Originally listed in May 2019 for $225,000
  • Currently still listed at $225,000
  • Assessments of $215 a month (includes heat, exterior maintenance, scavenger and snow removal)
  • Taxes of $3154
  • No central air- window air unit
  • No parking
  • No in-unit washer/dryer
  • Bedroom: 14×14
  • Living room: 14×13
  • Sunroom: 11×7
  • Kitchen: 14×5

4 Responses to “Looking Under $250,000? A Vintage 1-Bedroom at 434 W. Aldine in East Lakeview”

  1. Sold in April 1995 for $92,000 + CPI = 155k
    Sold in August 2000 for $148,000 + CPI = 219k
    Sold in July 2002 for $167,500 + CPI = 238k
    Sold in April 2004 for $182,500 + CPI = 248k
    Sold in July 2008 for $215,000 + CPI = 250k

    What’s fair rent for the equivalent? Looks like places in the 4+1s on Aldine are asking in the 1400-1600 ballpark, and this is probably a little nicer than that, but I dunno if it’s worth a premium. monthly to buy is right on the nearby rentals, but you’re accepting a fair amount of long risk (which, imo, is higher than average right now) then.

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  2. Not some kind of amazing, once-in-a-lifetime steal, but a perfectly nice place to live at a reasonable price.

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  3. Great block. I lived across the street from this building from 1975-1986.

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  4. I always think “sunrooms” are interesting..did they all used to be screened in porches? Do any buildings not convert these to sunporches..(I understand the need for more space, especially during a Chicago winter, but a place with no outdoor space (even quasi) would get very confining I would think…)

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