Melrose Partners Change Direction on 1919 N. Sheffield
Upscale developer and renovator Melrose Partners, which also recently converted 334 W. Menomonee in Old Town, has taken a different direction on its other conversion at 1919 N. Sheffield in Lincoln Park.
With the market slowing on pricey luxury condos, Melrose has recently cut the price on some of the units at 1919 N. Sheffield and has also apparently combined several of the units.
The three story building was originally supposed to be 8 units (if anyone knows more details, please let me know) but is now only going to be 4.
Originally, the units were priced from $1.05 million to $1.7 million for around 2600 square feet.
Now, they have combined the second and third floors of the building into two huge units. Unit #3 appears to be under contract. It was listed for $2.495 million.
Unit #2: 4 bedrooms, 3 baths, 5000 square feet
- Currently listed for $2.4 million
- Two car parking
Unit #1R: 4 bedrooms, 2.5 baths, 2600 square feet
- Currently listed for $929,000
- 1 car parking
Unit #1F: 3 bedrooms, 2.5 baths, 2600 square feet
- Currently listed for $949,000
- 1 car garage
This picture of the bathroom is taken from 334 W. Menomonee but they have it on the 1919 N. Sheffield listing. They’re probably using similar finishes.
From the listing:
CHRIS PEACOCK KITCH, SUB ZERO AND WOLF APPL., WATERWORKS TILE AND PLUMB FIXTURES, MARBLE COUNTER TOPS, CUSTOM MILLWORK AND CROWN MOLDING, HIGH CEILINGS, STONE FIREPLACE, ADVANCED INSULATION SYSTEM, ULTRA MODERN AMX TOUCH PANEL TO CONTROL THE LIGHT, A/C, HEAT,
Sudler Sotheby’s is handling the sales.
I live right by this building and they have been working on and off for almost two years (really active then they stop). There was a big break in time for a while, my guess is they were trying to figure on how to proceed. I have also never seen anyone looking at it. Its great for the other properties on the street but who really would pay 2.4M who a condo right on the el? That being said what they have done so far from the outside (and what I can see through the windows from my place) looks beautiful. They are going to have private rooftops to die for.