Love Outdoor Space? A 3-Bedroom Condo with 5 Decks: 2752 N. Magnolia in Lincoln Park
This top floor 3-bedroom in 2752 N. Magnolia in Lincoln Park came on the market in July 2021.
Built in 2017, this building has 5 units and garage parking.
This property is a single-level top floor unit with 4 units underneath it.
It has luxury finishes such as beveled edge oak floors and tray lighting.
The kitchen is open to the living/dining room and has custom white cabinets, a quartz peninsula, integrated high end appliances including 2 dishwashers and 2 wine refrigerators.
The living room has beamed ceilings and built-ins with a remote pop up TV and electric fireplace.
The primary suite also has a fireplace, a walk-in-closet and an en suite bathroom with heated floors, dual vanity, soaking tub, and spa-like steam show with body sprays.
There’s two private decks off the primary suite including one that is accessed through the bathroom, is covered and has an outdoor fireplace.
In addition to those two outdoor spaces, it also has 3 other private outdoor spaces in terraces and balconies.
The property has a smart home system, central air, washer/dryer in the unit and heated garage parking for 2 cars.
There’s an additional storage room in the building.
This condo is a different style than what we have normally seen in new construction over the past 10 years of narrow, duplex up top floor units with a rooftop deck.
Listed at $1.15 million, is this a single family home alternative in Lincoln Park?
Nicole Thomas at @Properties has the listing. See the pictures and floor plan here.
Unit #PH: 3 bedrooms, 2.5 baths, no square footage listed, penthouse
- Sold in May 2017 for $1.1 million (per Redfin and Zillow)
- Originally listed in July 2021 for $1.15 million
- Currently still listed for $1.15 million
- Assessments of $605 a month (includes exterior maintenance, lawn care, scavenger, snow removal)
- Taxes of $25,482
- Central Air
- Washer/dryer in the unit
- 2 car heated garage parking
- 3 fireplaces
- 5 outdoor spaces
- Bedroom #1: 19×14
- Bedroom #2: 13×12
- Bedroom #3: 13×12
- Living/dining combo: 21×18
- Kitchen: 18×9
- WIC: 10×8
- Laundry: 9×5
- Deck: 14×12
- Terrace: 14×10
- Balcony: 15×9
Like the outdoor space, think it would have been more useful to cut the areas to 2 Vs 5.
Is this owned by Imelda Marcos daughter?
This is around 1400sf.
Why 2 dishwashers? (Unless it’s an over/under they’re counting as 2)
Beveled oak flooring is luxurious? Interesting
The market for this is like the owner old money, mid 40s woman
Outdoor space is great but is no substitute for indoor space. The main living / dining room and primary bedroom are way too small. I lived in a one bedroom condo that had about the same sized living / dining room and a larger bedroom.
How many patios does one old money Lincoln park princess really use? I’m going to say it’s probably capped at two. The one with the fireplace and possibly a second for a dog relief area.
Like everyone else, I’m trying to figure out how they fit this many patios onto one regular-sized unit. You have to really love outdoor space to pay so much for a place like this. Nothing else really stands out, and the view from the street is kind of weird.
If Imelda Marcos owned the place there’d be a few extra shoe closets, don’t you think?
Reason for all the decks: The setbacks (this is the recessed top level). Not sure if they recessed that level for design–or perhaps zoning? reasons–but they are essentially making use of the roof space for the decks. Not a great single family alternative–both because it’s a small 3 bedroom (I think not even 1400 sq. ft of interior space) and priority given to bathroom & closet space over living space. Best for a single or couple that work from home.
Also, no one has pointed out that its up almost 3 flights of stairs (the last flight is dramatic, but not a great way to enter your home every day?!); this would make it tough for a family.
All that said, I like the design, so I think it will sell for close to asking
1.1 million bucks and you don’t even get a living room? LOL wtf!
Not sure whats up with the masonry but it looks like absolute shit. Either the contractor didnt know how to tool a joint or its already been tuckpointed poorly (pic 19). Also the flashing out front looks terrible. Should have been acid washed as well. Looking at the 1st picture looks like the neighbor building (carbon copy) has a different mortar along the top course and efflorescence (pic 17). Neither are good signs
Id really want to understand the water infiltration history on this place before spending $1MM
“If Imelda Marcos owned the place there’d be a few extra shoe closets, don’t you think?”
I did say her daughter
“This is around 1400sf.”
Nah, it’s about 1600 (prob a little shy), not counting any of the staircase/landing.
Still: $700 psf?
“Nah, it’s about 1600 (prob a little shy), not counting any of the staircase/landing.”
From the floor plan 32 X 42 + 50sf for the (BR -FP balcony) = 1400
“Still: $700 psf?”
Its ugly anyway you slice it; tried valuing the outdoor space a $200/sf and its still >$700sf. Thats a tall ask
“Beveled edge oak floors”
why why why. those floors would drive me crazy.
“Nah, it’s about 1600 (prob a little shy), not counting any of the staircase/landing.”
I’m still going with “less than 1400”, not counting stairway or outdoor spaces. It’s roughly a rectangle– 37′ x 35 (1295) plus another 50 sq. ft. to account for the back bedroom being slightly larger than the terrace that’s part of the rectangle.
btw: I love the floor plan diagram of the floor below in picture #27: a disembodied set of approx 3 stairs, labeled “entry”!
I think it is unique as far as new construction McCondos are concerned. Nice outdoor space. Howeever, I feel like you could spend $1.1 on something better though. The lack of a sizable living room / dining room bugs me.
““Beveled edge oak floors”
why why why. those floors would drive me crazy.”
Insane dirt traps, no thank you!
I think it is unique as far as new construction McCondos are concerned.
It looks like the unit next door is the exact same
“Insane dirt traps, no thank you!”
Yep. Tho the Sex in the city wannabe probably has a cleaning lady 3X/week
The kitchen/DR/LR reminds me of a Class A Creative breakroom, just needs a glass O’head door
“From the floor plan 32 X 42″
So the units downstairs are less than 16′ wide? C’mon!
The building (using google earth) is 38′ wide and 43 deep, between the parapets. 38×43, swap the back bed for the fireplace deck, equals 1634.
Using the floorplan, the 17’10” dining room is not quite to the centerline of the building. So, if that’s accurate, 18x2x42 = 1512.
The back bed is a little larger than the fireplace deck, so both are slight undercounts, but it’s in that (1515 to 1635) range. Not 1400, and definitely not less than 1400.
“So the units downstairs are less than 16? wide? C’mon!”
Might be – 2N is showing 14′ for the LR – https://www.realtor.com/realestateandhomes-detail/2752-N-Magnolia-Ave-N2_Chicago_IL_60614_M72155-16469
“2N is showing 14? for the LR”
Bc of the stairs. You know that.
The lots (for this and the twin to the north) are ~49′ wide–and have to be for 6 cars of garage.
Does it look like 6′ of setback on the south, and 12′ between the buildings? Nope.
This unit is now under contract.
This closed on November 1 at $1,087,500.
Losing money after 4 years of home ownership?
That’s HAWT(tm)
“Losing money…”
*before* counting transaction costs on entry and exit!
$1.1 + cpi = 1.233. almost a 12% loss in real dollar terms.