Multiple Offers on a Vintage 2/1 Without Parking in East Lakeview: 3749 N. Pine Grove
This 2/1 at 3749 N. Pine Grove in East Lakeview came on the market on July 17, 2024. I don’t have a picture of this building.
Built in 1905, it has 24 units and no parking. The units have separate storage.
This top floor unit has some of its vintage features including a coffered ceiling, a wood mirror in the foyer, millwork, hardwood floors throughout and a wood burning fireplace in the living room.
It has a dining room.
There are some exposed brick walls.
The kitchen has been “updated” and the listing says it was remodeled in 2017.
It has 42 inch white maple cabinets, granite counter tops, stainless steel appliances, and black glass subway tiles for the backsplash.
There’s a breakfast bar.
The king-sized primary bedroom has a walk-in-closet.
The unit also has a private outdoor deck.
It has some features that buyers look for including washer/dryer in the unit. There’s no central air but there are window units.
And there is no parking but the listing says the current owners have rented a spot at 3730 N. Lake Shore Drive for $175 a month.
This building is near the golf course and Clocktower Cafe, the shops and restaurants on Broadway, the Sheridan red line stop and multiple bus lines and Wrigley Field.
The listing says there are “multiple offers” but as of July 21, it hadn’t been listed as “contingent” yet. That will likely change this week.
Listed at $385,000, how high will this sell for as inventory remains low in Lakeview?
Are multiple offers common on most properties in Lakeview?
Megan Wood and Russell Burton at Compass have the listing. See the pictures and floor plan here.
Unit #3: 2 bedrooms, 1 bath, 1200 square feet
- Sold in March 1992 for $137,000
- Sold in July 1998 for $170,000
- Sold in November 2001 for $230,000
- Sold in June 2004 for $310,000
- Sold in September 2014 for $286,500
- Sold in February 2018 for $320,000
- Currently listed in July 2024 for $385,000
- “Multiple offers”
- Taxes of $6209
- Assessments of $511 a month (includes heat, exterior maintenance, lawn care, scavenger, snow removal)
- No central air (window units)
- Washer/dryer in the unit
- No parking but seller rents at 3730 n lsd for $175 a month
- Wood burning fireplace
- Bedroom #1: 15×10
- Bedroom #2: 11×10
- Living room: 12×19
- Dining room: 14×12
- Kitchen: 8×12
- Balcony: 4×8
“how high will this sell for”
Sold in November 2001 for $230,000
+ CPI = $407k.
So, under $410k = below 2001 price in real dollars.
also:
2018 + CPI = $403k
2014 + CPI = $378k + ?? ($35k?) for the kitchen = ~$420k
2004 + CPI = $513k (man that was a big bubble!)
There are 4 gyms within close distance. Is everyone in this area just shredded?
Yes, everyone is shredded in Lakeview.
Yes, you can really tell how big the bubble was when you see these numbers.