“Never Available” 2-Bedroom Duplex for $925K: 40 W. Schiller in the Gold Coast
This 2-bedroom duplex up at 40 W. Schiller in the Gold Coast came on the market in September 2022.
40 W. Schiller was designed in 1923 by Andrew Rebori and has 19 units.
It has a shared, central courtyard which the listing calls the “most coveted private garden” in the city.
The building has no parking.
The listing says this duplex has never been available.
This unit has a 2-story living room with vaulted ceilings and a wood burning fireplace.
One bedroom is on the main floor with the primary bedroom on the second level, which overlooks the garden. There was also a third bedroom, also on the second floor, which the listing says was turned into a huge walk-in-closet.
It has a separate dining room.
The kitchen has white cabinets and a combination of white and stainless steel appliances.
It has central air but the listing doesn’t say anything about a washer/dryer. Other units have it in-unit so I’m assuming it does (?).
There is leased parking.
It doesn’t have private outdoor space, but the unit has French doors that lead directly out to the private garden.
This is a co-op building. In the prior listings we’ve chattered about in this building, the taxes were included in the assessments.
This building is near the shops and restaurants of Old Town and the Gold Coast.
Listed in September 2022 at $1 million, it has been reduced $75,000 to $925,000.
What price will it take to sell this co-op?
Sophia Worden at Berkshire Hathaway HomeServices has the listing. See the pictures here (sorry, no floor plan).
Unit #1E: 2 bedrooms, 2 baths, duplex up, 1700 square feet, co-op
- No prior price but the listing says “never available”
- Originally listed in September 2022 at $1 million
- Reduced
- Currently listed at $925,000
- Assessments of $1729 a month (includes heat, gas, cable, exterior maintenance, lawn care, scavenger, snow removal)
- Taxes are listed at $8532 (included in the assessments or no? Usually included in co-op assessments)
- Central Air
- Washer/dryer in the unit??? (unclear)
- Leased parking
- Wood burning fireplace
- Bedroom #1: 12×18 (second floor)
- Bedroom #2: 10×12 (main floor)
- Living room: 14×22 (main floor)
- Dining room: 12×14 (main floor)
- Kitchen: 12×12 (main floor)
- Walk-in-closet: 8×13 (second floor)
“never available”
Well, surely as to this particular unit, but…who cares?
Kitchen is unacceptable at over $500 psf.
How is this 10% ‘better’ than the one on the CC last year??
https://www.redfin.com/IL/Chicago/40-W-Schiller-St-60610/unit-2D/home/178674271
Is it 50% bigger??
Too expensive for what it is imo
This building has its fans even with its negatives (no parking is the big one.)
What’s the price that will get a deal done? I don’t think anyone knows yet, as the market continues to change.
It has a classy interior, though I’m not sure I’d want to be half underground. The curb appeal is there, too, and the garden is nice. Certainly a unique property on a great street. I’m no expert on prices, but seems like it shouldn’t have to come down a lot more.
BTW, I was walking around River North tonight and the police, fire, and ambulance sirens are out of control. I was with my dad, who’s lived in the neighborhood since 2008, said he agreed. He’s a retired doctor and he doesn’t believe the noisy sirens save lives.
Seems like this noise would be a quality of life issue in that neighborhood, Streeterville and the Gold Coast. The alderman there needs to do something.
“Seems like this noise would be a quality of life issue in that neighborhood, Streeterville and the Gold Coast. The alderman there needs to do something.”
You don’t live in River North if you want “quiet.”
And isn’t this just a part of city living? I mean, the fire trucks have always barreled up Dearborn with their sirens blazing.
Ambulances usually turn off their sirens once they cross Michigan into Streeterville, don’t they? But they certainly DO use them in River North to alert traffic that they are there.
Perhaps some people just got a little too used to the absolute quiet, including lack of traffic, during the last few years of the pandemic.
Maybe they did get used to more quiet, but my parents have lived there since 2007 and this is the first time they’ve ever commented on the noise.