No Cookie Cutter 1-Bedroom Here: 4410 N. Hermitage in Uptown
This 6-unit building at 4410 N. Hermitage in Uptown was built in 1930.
It has some of the same elegant vintage features of the bigger buildings along the lake front which were built in the same era including arched doorways, built-in bookcases in the living room and built-in china cabinets in the dining room.
Is the living room fireplace just for show? The listing doesn’t mention it so it may just be decorative.
Despite it being a vintage unit, the property has been updated with a Subzero refrigerator and Bosch dishwasher. There are also granite counter tops.
The unit has an in-unit washer/dryer but no central air and no deeded parking. It is only a short stroll to the Montrose Brown Line el stop, however.
The unit is now listed for $15,100 under the 2005 purchase price.
Is this a deal?
Mark Pasquesi at Prudential Rubloff has the listing. See the pictures here.
Unit #2E: 1 bedroom, 1 bath, no square footage listed
- Sold in April 1993 for $67,000
- Sold in June 1994 for $85,000
- Sold in September 2000 for $190,000
- Sold in August 2005 for $245,000
- Originally listed in March 2010 for $239,900
- Reduced
- Currently listed for $229,900
- Assessments of $193 a month
- Taxes of $2538
- Bedroom: 16×12
- Living room: 18×14
- Dining room: 12×9
- Kitchen: 9×7
- Foyer: 13×4
its a shame you can’t move this condo a mile south… then the insane price might be justified
beautiful place, but its a 1br @ 225k (ouch). i dont think you can rent a 1br this nice though.
i am lost.
Groove,
Assuming they can get a mortgage for the full amount, thats a monthly nut of $1,234. With taxes & assessments that are $404 the total payment becomes $1,640. With rented parking $1,740.
Who is going to live in Uptown in a building built in 1930 for $1,540/month when you can live Downtown in a building built in 2009 with an indoor pool for a similar price?
http://chicago.craigslist.org/chc/apa/1707891697.html
($1,900/mo with parking)
nice find bob!
Thats why i say i am lost, its a beautiful place, not “full on uptown”, and i like it but its a 1br and i still go by the rule never buy a 1br.
i know there are some reasons somewhere a person should buy a 1br but those are rare cases.
nice place. I jog by this house stretch frequently and it is a good street, with some pretty massive single family homes. seems more ravenswood or east lincoln square than uptown, but sure the map gods know better. Hey and just a few blocks from future chicago mayor rahm’s house 🙂
Alas, not sure they’ll see anywhere near this price.
Groove:
Off-topic. We saw Million Dollar Quartet Saturday night at the Apollo and it was incredibly good. The guy who played Jerry Lee Lewis stole the show. Great well-played music. Tickets were available at Hottix.
Slightly less off-topic: I won my tax appeal. It should have gone down more, but I filled the on-line form out badly since I wasn’t totally familiar with what I was doing. I could have made a stronger case.
The place is beautiful.
This is not Uptown. This is Ravenswood.
It really is
Beautiful!
This place is several blocks West of Ashland and quite removed from the riff-raff typically associated with Uptown. I am suprised to see this being marketed as an Uptown property, as I would definitely consider this in Ravenswood.
I don’t live far from here, and this stretch is very residential and populated with families and professionals. A very nice location!
I don’t know anyone who would call this Uptown. Most definitely Ravenswood. Spacca Napoli around the corner is awesome.
Right! The seller’s agent is not doing his client any favors by listing this unit as being in Uptown.
“Who is going to live in Uptown in a building built in 1930 for $1,540/month when you can live Downtown in a building built in 2009 with an indoor pool for a similar price?”
Ummmmm, I would much rather live in this property (which I think we can agree that it is not in Uptown proper) than a highrise cookie cutter unit with no character or soul. But, with that said, I still don’t fully understand the appeal of buying a 1-bedroom.
This is a very pretty place… it’s ALMOST, though not quite, as pretty as my $845.00/month rental at Pratt & Sheridan. It is no roomier, and the details aren’t quite as good, though the kitchen is way better. But I could duplicate that kitchen, Bosch and all, for a lot less than the difference in price. I believe Pratt & Sheridan is a rather better area.
Very nice, but overpriced by about $85,000.
“I believe Pratt & Sheridan is a rather better area. ”
Enh. Different, yes. “Better”, objectively, dunno. You regale us with the minor horrors of Rogers Park enough that I don’t buy it. You like it better, sure, but that doesn’t make it “better”, much less “rather better”.
The south end of Rogers Park is much different from the north end, and there are many different pockets in between.
In this area, Pratt & Sheridan, once upon a time a very troubled area, the neighborhood is great. No gang presence, no dirt- a calm, ordered, and beautiful middle class neighborhood with enough cheap rentals to accommodate a number of broke people alongside people middling to affluent. This area is contiguous with Edgewater, which has little crime in spite of its residents’ frequent complaints of “gang activity” (noisy, obnoxious teens cluttering up Thorndale Ave.)
From Farwell south to Devon, and all along the lakefront east of Sheridan Road, things are very nice and calm. There are also many good streets and pockets outside that area. Lunt on north to Touhy varies from good to rather dodgy, depending on the block.
As a rule, the closer you are to Sheridan and the further from Clark, the better off you are. Most of all, you want to be south of Howard. The area north of Howard, which is more than a mile from Pratt, is still very weird, though it is improving, thanks to the ceaseless efforts of some very dedicated people up there who work tirelessly to bring amenities and services to the area, and get rid of troublesome elements.
The price is probably a bit high for the neighborhood, but $85,000 high?
This is not Uptown.
It is designated Uptown in the MLS so that’s why I call it that here (i.e. if you are searching by neighborhood- you would find it under Uptown, not Ravenswood.)
But I agree that this is not what most people would consider Uptown.
People aren’t ragging on the place because its in Uptown, because its not really… they are ragging on the place because while its nice its a huge monthly nut to live in a walkup
“People aren’t ragging on the place because its in Uptown, because its not really… they are ragging on the place because while its nice its a huge monthly nut to live in a walkup”
nah i think it 1br in uptown or ravenswood or lakeview…..it a 1br!
i need help i cant come up with 1 good reason a person should BUY a 1br place instead of rent?
“i need help i cant come up with 1 good reason a person should BUY a 1br place instead of rent?”
Need a place for a mistress?
“Need a place for a mistress?”
dang that is a really good one. would rather rent it for her so when she hits the 28 year old mark i can trade in for younger.
ok three more good reasons
“Need a place for a mistress?”
Yeah but then theres the infinitely more flexible arrangement of cash payments of rent.
1) Wifey won’t wonder what this piece of RE is. If in a land trust wifey won’t wonder what the piece of RE is in the land trust. Wifey won’t wonder why you’re paying property taxes for this mysterious property.
2) Mistress arrangements often aren’t longer-term. Expensive mistress having to explain to wifey that you own this property property after it ends.
I can’t think of any reason to buy RE for a mistress as a payment in kind. Entirely too traceable. Unlike paying her rent in which case its poker money lost on guy’s night out or something.
Internet and most stuff is for credit cards, for illicit affairs and activities: Cash! Don’t leave home without it.
“would rather rent it for her so when she hits the 28 year old mark i can trade in for younger.”
You hold it in an LLC. Duh.
I lived 1 block north of this building—it is definitely ravenswood & a fantastic area. nothing at all like uptown. my only complaint was the ridiculous new construction going on around here for big time bucks—in the millions. I remember this building needed some work outside though—tuckpointing windows etc…this seems to be worth it—in terms of vintage quality though…when the market turns—place like these go up…