Love Levels? A 3-Bedroom Duplex in the Gold Coast: 1100 N. Lake Shore Drive
This 3-bedroom duplex in 1100 N. Lake Shore Drive in the Gold Coast just came on the market.
Built in 1980, this doorman building has just 76 units.
There are people who dislike one floor living, which is common in most condos, but this duplex has split living with an open staircase in the middle of the condo.
The living room, dining room and kitchen are on the main floor, along with a half bath.
The second floor has the three bedrooms, including the master suite with a walk-in closet and master bathroom.
There are dark solid oak hardwood floors throughout.
The kitchen has contemporary white cabinets with black granite counter tops and Viking stainless steel appliances with a subway tile backsplash.
The unit faces south and west, so there is no view of the lake or Lake Shore Drive.
It has wall air conditioning/heating units and in-unit washer/dryer.
Parking is leased in the building for $230 a month per car and you can have multiple cars.
The listing says there are no current specials or planned unbudgeted projects. The building is 100% owner occupied.
This unit last sold a little over 2 years ago for just $502,000.
It is priced $187,900 higher at $689,900 but there are new kitchen appliances and the 2014 listing showed dark blue carpet in the bedrooms.
To check that out, and what other changes were made, see the 2014 listing pictures here.
Rad!
Will it get the premium in this hot market?
Steven Johnson at Berkshire Hathaway KoenigRubloff has the listing. See the pictures here.
Unit #7C: 3 bedrooms, 2.5 baths, 2160 square feet, duplex
- Sold in June 1992 for $292,000
- Sold in October 2002 for $664,500
- Sold in April 2014 for $502,000
- Currently listed for $689,900
- Assessments of $1371 a month (includes doorman, cable, Internet, exercise room, exterior maintenance, lawn care, scavenger, snow removal)
- Taxes of $8450
- No central air- wall units
- Washer/Dryer in the unit
- Parking is leased in the building for $230 a month per car
- Bedroom #1: 18×13 (second floor)
- Bedroom #2: 12×11 (second floor)
- Bedroom #3: 18×13 (second floor)
It looks much nicer, but not sure it warrants nearly a $200K increase.
Quite sure it does not warrant that increase, I expect it to languish.
That’s a lot of square footage for the price. If I had $700k to spend, I would consider this unit. I especially like that rentals aren’t allowed. I am a little surprised about the air conditioning situation. Those window units are ugly, but I could live with them.
I like how they stage stuff on top of those ugly azz window units though, one room looks like it is set up as a computer desk, and the other just an end table for a lamp, interesting that by putting things on the AC units it takes your eyes focus off of it when glancing at pictures.
Sonies, that drew my eyes to it. TV on an AC? It made me think college students were living there.
I like this unit. Good amount of space for the price with 2 floors. The location is definitely one of the best in the gold coast, residential area but just around the corner from the viagara triangle and Oak street beach. The owners made a decent amount of upgrades. I would guesstimate about $30k-40k in upgrades for the flooring & the high-end appliance. Did they just restain the floors to a darker color? Or did they replace the flooring? I would expect this unit to sell between $580k-620k.
I just wouldn’t bother living on the lakefront without a view of the lakefront. That just would be the non starter. Why bother with the tourists, suburbanites, traffic, etc.
Here’s another that sold for almost 200K more in 2 years. The market is hot for duplexes on the North Side.
https://www.redfin.com/IL/Chicago/1143-W-Armitage-Ave-60614/unit-2/home/13352221