3-Bedroom East Lincoln Park Penthouse with 2-Car Parking for $2.25 Million: 445 W. Arlington

This 3-bedroom penthouse at 445 W. Arlington in East Lincoln Park came on the market in March 2024.

Built in 2019, 445 W. Arlington was designed by Booth Hansen Architects to mimic the look of row houses when, in reality, it’s an 8-unit elevator building with garage parking.

It is one of only 2 penthouse units and has private elevator access which opens directly into the unit.

All of the living space is apparently on one floor with a private 1000 square foot rooftop deck complete with a pergola and natural gas fire table.

The kitchen is open to the living and dining rooms. It has white cabinets, top-of-the-line appliances, an island with wood cabinets, a beverage refrigerator, and an under-the-stairs pantry.

There are multiple French doors in the living room which open onto a 600 square foot terrace with built-in gas grills, large scale planters and an automatic irrigation system.

The listing calls it a “tranquil sanctuary.”

2 of the 3 bedrooms have skyline views.

The primary suite has a spa-quality bathroom with a freestanding soaking tub, steam shower and heated floors.

This home has Nest Home devices and automatic blinds in every room.

It comes with the features that buyers look for including central air, washer/dryer in the unit and 2-car garage parking.

This building is in the “highly coveted” East Lincoln Park neighborhood which is just steps from Lincoln Park, the Zoo, and the shops and restaurants on Clark Street. The listing says it’s in the Lincoln Elementary school district.

This unit sold in 2019 for $2 million and has come on the market 5 years later for $2.25 million.

This property seems to have it all, including rare 2-car garage parking.

Will this sell quickly?

Stefanos Karavolos at Avenue Realty has the listing. See the pictures here (sorry, no floor plan).

Unit #4E: 3 bedrooms, 2.5 baths, 2146 square feet, penthouse

  • Sold in July 2019 for $2 million
  • Listed in March 2024 for $2.25 million
  • Currently still listed at $2.25 million
  • Assessments of $1132 a month (includes lawn care, scavenger, snow removal)
  • Taxes of $39,602
  • Central Air
  • Washer/dryer in the unit
  • 2-car garage parking included
  • Bedroom #1: 15×12
  • Bedroom #2: 15×12
  • Bedroom #3: 14×11
  • Living room: 24×13
  • Kitchen: 14×11
  • Dining room: 13×10
  • Laundry: 6×4
  • Terrace: 34×18
  • Rooftop deck: 34×30 (second floor)

 

Market Conditions: Chicago Sales up 6.7% in February 2024 as Inventory Falls Again

The February data is out from the Illinois Association of Realtors. Spring buying season appeared to start early this year due to the mild winter weather.

Sales were up from last year, even with mortgage rates over 6%, as median price was at a 27-year high.

From the Illinois Association of Realtors:

The city of Chicago saw a 6.7 percent year-over-year home sales increase in February 2024 with 1,321 sales, up from 1,238 in February 2023. The median price of a home in the city of Chicago in February 2024 was $330,000, up 6.5 percent in February 2023 when it was $310,000.

Here is the sales data for February going back to 1997 (courtesy of G):

  • 1997: 881 sales
  • 1998: 991
  • 2000: 1383
  • 2001: 1151
  • 2002: 1677
  • 2003: 1566
  • 2004: 1814
  • 2005: 2228
  • 2006: 1855
  • 2007: 1703
  • 2008: 1454
  • 2009: 870
  • 2010: 1257
  • 2011: 1092
  • 2012: 1250
  • 2013: 1411
  • 2014: 1361
  • 2015: 1497
  • 2016: 1567
  • 2017: 1529
  • 2018: 1535
  • 2019: 1449
  • 2020: 1496
  • 2021: 1658
  • 2022: 1924
  • 2023: 1238
  • 2024: 1321

Here is the Median Price Data also going back to 1997 (thanks G!):

  • 1997: $117,000
  • 1998: $132,000
  • 1999: $143,750
  • 2000: $161,500
  • 2001: $180,200
  • 2002: $212,000
  • 2003: $215,000
  • 2004: $229,900
  • 2005: $268,900
  • 2006: $267,500
  • 2007: $270,000
  • 2008: $290,000
  • 2009: $218,125 (with 31% being REO/Short Sales)
  • 2010: $176,000 (with 46% being REO/Short Sales)
  • 2011: $150,250 (with 50% being REO/Short Sales)
  • 2012: $140,300 (with 52% being REO/Short Sales)
  • 2013: $158,000
  • 2014 $175,000
  • 2015: $212,000
  • 2016: $236,000
  • 2017: $246,000
  • 2018: $272,000
  • 2019: $272,500
  • 2020: $290,000
  • 2021: $320,000
  • 2022: $320,000
  • 2023: $310,000
  • 2024: $330,000

Just a reminder that 2022 was the highest February for sales in 17 years in Chicago. The Federal Reserve started its rate increases in March 2022 so February was the last hurrah at the lower rates.

“Sellers drove the market in February, as seen in the increase in both closed sales and median sales price,” said Drussy Hernandez, president of the Chicago Association of REALTORS® and vice president of brokerage services for Coldwell Banker Realty in Chicago. “Competitively priced homes are moving quickly, and multiple offer scenarios are commonplace due to strained inventory and buyer demand.”

Single family home sales jumped year-over-year, rising 17% to 524. Condo sales were also up 0.9% to 797.

Inventory continued to slide.

Statewide, inventory fell 14.4% to 15,502 homes from 18,107 in 2023. That’s the lowest number of homes on the market since the IAR began tracking it in 2008.

In Chicago, inventory fell 20.3% to 4,111 homes from 5,155 last year.

Days on the market in Chicago was down a day, to 46 days from 47 days last year.

The 30-year average fixed rate mortgage was 6.78% in February, up from 6.64% in January and also higher than February of last year, when it was 6.26%.

“Even though February home sales were down slightly, I feel confident a growing number of consumers are feeling better about the economy and are anticipating more positive news on reduced interest rates,” says Matt Silver, Illinois REALTORS® 2024 President and partner and senior broker for Corcoran Urban Real Estate in Chicago. “And to improve our woeful housing shortage, we’re working diligently with state lawmakers on several legislative measures that will create housing that is more affordable around the state.”

There appears to be a lot more buyers than properties which is leading to multiple bid scenarios.

Is inventory bottoming out this spring or will it fall even further?

With housing inventory reaching lowest mark since 2008, Illinois’ February home sales dip [Illinois Association of Realtors Press Release, by Bill Kozar, March 21, 2024]

Unmatched Space, Character & Style in Wicker Park: A 3-Bedroom Loft at 1237 N. Honore

This 3-bedroom loft at 1237 N. Honore in Wicker Park came on the market in March 2024.

If it looks familiar, that’s because we chattered about this loft the last time it was on the market in August 2019.

See our chatter here.

I don’t know when the building was built but 1237 N. Honore has 7 units and secured outdoor parking.

The building has a shared roof deck with city views and a shared 25×95 yard. There are no other amenities.

This loft has authentic details including exposed brick walls, timber ceilings and exposed ductwork along with industrial windows.

It’s a single story loft with 2460 square feet.

There’s a fireplace in the living room and a separate dining room.

The kitchen is a “chef’s kitchen” with wood cabinets, black stone counter tops, stainless steel appliances and an island with seating for four.

The three bedrooms have full walls but only two of them have windows.

The primary suite has an en suite bathroom and a sitting area.

The unit has the features that buyers look for including central air, washer/dryer in the unit and 2 secured outdoor parking spaces.

This building is near the shops and restaurants on Division Street and Milwaukee. There are also bus lines nearby.

When we last chattered about this loft in August 2019, it was listed at $950,000.

It never sold and has now come back on the market at the same price of $950,000.

With inventory so low, will this loft sell quickly 5 years later?

Carrie McCormick at @properties Christie’s has the listing. See the pictures here (sorry, no floorplan, but there is video.)

Unit #3S: 3 bedrooms, 2 baths, 2460 square feet, loft

  • Sold in August 1993 for $206,000
  • Sold in January 2003 for $426,000
  • Sold in April 2017 for $875,000
  • Originally listed in July 2019 for $950,000
  • Withdrawn
  • Listed at $950,000 (includes 2 outdoor secure parking spots)
  • Assessments are still $424 a month (includes exterior maintenance, lawn care, scavenger)
  • Taxes are now $17,536 (they were $14,644 in August 2019)
  • Central Air
  • Washer/dryer in the unit
  • Fireplace
  • Bedroom #1: 14×16
  • Bedroom #2: 12×14
  • Bedroom #3: 12×8
  • Living room: 24×33
  • Dining room: 15×10
  • Kitchen: 24×13

Extremely Rare 2-Bedroom River North Penthouse Loft for $1.389 Million: 420 W. Grand

This 2-bedroom loft penthouse at 420 W. Grand in River North came on the market in March 2024.

Built in 1910, 420 W. Grand is an industrial loft building with 44 units and attached garage parking.

It doesn’t have any amenities other than a common patio.

This loft is an authentic loft with exposed brick walls, a timber ceiling, exposed duct work and large industrial windows, including some arched windows.

It has an open concept living room, dining room and kitchen with a fireplace.

There is a “new” designer kitchen with custom gray and wood Italian cabinets, quartzite counter tops and backsplash, a Subzero refrigerator, a wine fridge, a beverage fridge, Wolf stove and warming drawer, a Bosch dishwasher and Hansgrohe kitchen faucet with a island that seats 3.

Both bedrooms are fully enclosed but have interior windows to the main living space.

The primary suite has a window. It has a walk-in-closet and an en suite bathroom with heated floors, flamed granite counter tops, dual vanity, Brizzo fixtures, a glass shower and custom cabinets.

The second bedroom has no window and is also en suite.

The unit has features buyers look for including central air, washer/dryer in the unit and one deeded garage parking space is included.

This loft also has a balcony off the living room with city views.

The listing also says the unit has “full roof rights” if you want to build out a rooftop deck.

This building is near the shops and restaurants of west River North as well as the riverwalk and Ward Park.

Listed at $1.389 million, does this penthouse check a lot of boxes for loft lovers?

Linda Levin at Jameson Sotheby’s has the listing. See the pictures and floor plan here.

Unit #5D: 2 bedrooms, 2 baths, 2500 square feet, loft

  • Sold in June 1995 for $438,500
  • Sold in November 2017 for $1.29 million
  • Currently listed at $1.389 million 
  • Assessments of $1554 a month (includes exterior maintenance, scavenger, snow removal)
  • Taxes of $23,138
  • Central Air
  • Washer/dryer in the unit
  • One car deeded garage parking included
  • Fireplace
  • Bedroom #1: 19×15
  • Bedroom #2: 17×12
  • Living room: 33×28
  • Kitchen: 27×16
  • Dining room: 13×13
  • Foyer: 10×8
  • Balcony: 14×6

 

The Claude Seymour Mansion is Bank Owned and Re-Listed at $1,764,900: 817 W. Hutchinson in Buena Park

The Claude Seymour House at 817 W. Hutchinson in the Buena Park neighborhood in Uptown has returned to the market in March 2024, but is now owned by the bank.

We have chattered about this 6-bedroom home numerous times over the years, but the last time was in 2020 when it was a short sale.

See our 2020 chatter here.

To refresh your memory, the Claude Seymour House is a historic property on a landmarked block in Buena Park.

The Elite Street column in the Chicago Tribune highlighted it in 2013:

Designed by Prairie-style architect George Washington Maher and completed in 1913 for jewelry wholesaler Seymour, the more than 12,000-square-foot mansion has six bedrooms, four full baths, two half baths, leaded stained-glass windows, a grand mahogany staircase, three fireplaces, mahogany millwork throughout, an eat-in kitchen and a coach house atop a two-car garage.

The property has 136 feet of frontage and a wraparound yard.

If you recall, this house is on 5 1/2 city lots measuring 136×140 and has gardens.

It has a 2-car garage with a studio apartment above it on a rare side driveway, which also has space to park 2 more cars.

It has most of it’s original vintage features, including moldings, stained glass, and a carved staircase along with 3 wood burning fireplaces.

It has hardwood floors.

All 6 bedrooms are on the third level and it has the garage studio so the current listing says the property has 7 bedrooms.

The kitchen has wood cabinets and, the pictures indicate, it still has the stainless steel appliances, including 2 dishwashers on either side of the stove.

There’s also a library, sun room, a “doll house,” a game room, and a big lower level recreation room.

The house has central air.

It’s now being sold “as-is” and the taxes will be prorated 100%.

The listing also says to “please see Agent remarks for offer submission instructions.”

Additionally, if you are an agent that has a buyer it says this about compensation:

  • Buyer Agency Compensation: 1.0% OF THE SELLING PRICE MINUS TECHNOLOGY FEE OF 150.00 (PLUS SALES TAX WHERE APPLICABLE)

In 2020, the listing was a short sale that had been lowered to $2.6 million. But the house has now come on the market from the bank at just $1,764,900.

Is this house now a steal?

Michael Olszewski at Area Wide Realty has the listing. See the pictures here.

817 W. Hutchinson: 7 bedrooms (includes studio), 5 baths and 2 half baths, 15,944 square feet in total, 2-car garage

  • Sold in November 1993 (no price listed)
  • Originally listed in March 2011 for just 2 weeks at $5.195 million
  • Re-listed in October 2011 for $4.995 million
  • Lis pendens foreclosure filed in December 2011
  • Was a “short sale” in March 2020 at $2.6 million
  • Bank owned in June 2023
  • Currently listed “as-is” at $1,764,900
  • Taxes are now $116,935  (they were $103,803 in March 2020; $88,500 in 2017; $81,517 in August 2103 and $21,652 in October 2012)
  • Central Air
  • 5 1/2 city lots including gardens
  • 3 fireplaces
  • Bedroom #1: 19×19 (third floor)
  • Bedroom #2: 16×14 (third floor)
  • Bedroom #3: 17×12 (third floor)
  • Bedroom #4: 14×11 (third floor)
  • Bedroom #5: 10×15 (third floor)
  • Bedroom #6: 12×20 (third floor)
  • Foyer: 29×10 (main floor)
  • Kitchen: 13×26 (main floor)
  • Living room: 20×30 (main floor)
  • Dining room: 21×18 (main floor)
  • Sun room: 23×10 (main floor)
  • Game room: 18×22 (main floor)
  • Exercise room: 14×15 (lower level)
  • Recreation room: 50×28 (lower level)
  • Studio above the garage

3-Bedroom Duplex Penthouse with Endless Views in the Gold Coast: 1530 N. Dearborn Parkway

This 3-bedroom duplex penthouse in Parkside at 1530 N. Dearborn Parkway in the Gold Coast came on the market in March 2024.

Built in 1972, Parkside has 49 units and attached garage parking.

It does not have door staff but it does have an outdoor pool, exercise room, party room and an on-site engineer. The building is professionally managed.

This unit is the south facing penthouse which the listing says has been “masterfully renovated” with custom finishes.

The first floor has an open kitchen, living room and dining room layout with east and south views.

It has hardwood floors throughout the main living space and a fireplace in the living room, along with built-ins.

The kitchen has modern wood cabinets, stone countertops, top-tier professional grade appliances and an oversized island that seats 2.

There’s a powder room on the first floor as well as the primary suite which has south and west exposures.

The primary suite is carpeted and has a walk-in-closet and en suite “luxe bath” with a walk-in-shower, soaking tub and oversized vanity.

The second level has the other two bedrooms, which are also carpeted, and includes one that is en suite.

There’s also a full bathroom in the hall.

The family room is also on the second floor which has a wet bar with a beverage refrigerator and a mini-fridge along with a fireplace.

Just off the family room is a private rooftop terrace with custom glass railings and “endless views” of the city and Lake.

This unit includes the features buyers look for including central air, washer/dryer in the unit and one car garage parking is included.

This building is on a tree lined street in the Gold Coast, just steps from the Latin School, Lincoln Park, the History Museum, Lake Michigan and the shops and restaurants of Old Town.

Listed at $1.95 million, that is $575,000 above the 2013 sales price of $1.375 million.

Buyers love “new.”

Will this penthouse sell quickly?

Jeffrey Lowe at Compass has the listing. See the pictures and floor plan here.

Unit #26S: 3 bedrooms, 3.5 baths, 3290 square feet, duplex, penthouse

  • Sold in February 1989 for $625,000
  • Sold in June 1996 for $885,000
  • Sold in July 2000 for $1 million 
  • Sold in December 2013 for $1.375 million 
  • Currently listed for $1.95 million
  • Assessments of $2647 a month (includes heat, a/c, security, cable, exercise room, pool, exterior maintenance, snow removal, Internet, party room, sundeck)
  • Taxes of $19,359
  • Central Air
  • Washer/dryer in the unit
  • 1 car garage parking included
  • 2 fireplaces
  • Bedroom #1: 19×17 (main floor)
  • Bedroom #2: 17×12 (second floor)
  • Bedroom #3: 14×12 (second floor)
  • Living room: 21×20 (main floor)
  • Dining room: 15×10 (main floor)
  • Kitchen: 15×10 (main floor)
  • Laundry: 4×4 (main floor)
  • Walk-in-closet: 17×6 (main floor)
  • Family room: 21×18 (second floor)
  • Deck: 22×19 (second floor)

Epitome of Chicago Living: An Old Town 2/2 with Skyline Views for $499,900: 1660 N. LaSalle

This 2-bedroom in 1660 N. LaSalle in the Old Town neighborhood in Lincoln Park  came on the market in July 2022 and has been on, and off, the market since then. It re-listed in March 2024.

Built in 1974, 1660 N. LaSalle has 492 units including studios, 1, 2 and 3-bedroom units. It has an attached garage which has leased parking.

It’s a full service building with 24/7 door staff, an outdoor pool, exercise room, party room, bike room, roof deck, attached grocery store and cleaners.

This unit has south and west floor-to-ceiling windows along with “epic city views” from the south facing balcony.

It has solid oak floors throughout.

It has an “updated” kitchen that is open to the living and dining room combination with modern black cabinets, quartz counter tops, a Miele induction cooktop, a GE Profile refrigerator and Bosch dischwasher and oven.

The bathrooms are “straight out of a luxury hotel.”

The primary bedroom is en suite.

This unit has some of the features buyers look for including central air and there is rental parking in the building starting at $121 a month. There is no in-unit washer/dryer but there is a coin laundry room on the first floor.

This building is at the epicenter of the Old Town and East Lincoln Park neighborhoods. It’s just steps from Lincoln Park, the Zoo and the Farmers Market and near Second City, the History Museum and all the shops and restaurants in Old Town.

It’s also near several key bus lines and the listing says it’s 4 blocks to the red and brown lines (but that isn’t right about the red line. It is further away from a red line stop.).

Additionally, a new development in the old Walgreens on Wells and North Avenue, the gas station and the old Treasure Island, is expected to bring a new supermarket as well as a new high rise on North Avenue (if approved).

This unit last sold in July 2018 for $520,000.

Listed in September 2023 at $544,000, and now re-listing in March 2024 at $499,900, is this a deal?

Olivia Carlson and Paul Siebert at @properties Christie’s has the listing. See the pictures and floor plan here.

Unit #3002: 2 bedrooms, 2 baths, no square footage listed

  • Sold in October 1985 for $114,500 (per Redfin)
  • Sold in September 1991 for $165,500
  • Sold in July 2018 for $520,000
  • Originally listed in July 2022 for $569,000
  • Reduced
  • Was listed in September 2023 for $544,000
  • Removed in December 2023
  • Listed for rent in October 2023 for $3800 a month
  • Reduced
  • Removed in December 2023 when listed at $3600 a month
  • Re-listed in March 2024 for $499,900
  • Assessments of $1034 a month (includes heat, a/c, doorman, cable, pool, exterior maintenance, lawn care, scavenger, snow removal, Internet, bike room, sundeck, cleaner, party room)
  • Taxes of $8329
  • Central Air
  • No washer/dryer in the unit. Coin laundry in the building
  • Rental parking available starting at $121 a month
  • Storage available for $10 a month
  • Bedroom #1: 12×10
  • Bedroom #2: 14×11
  • Living room: 14×14
  • Dining room: 14×10
  • Kitchen: 14×10
  • Pantry: 5×3
  • Foyer: 6×11
  • Balcony: 12×4

 

Rare Gem in River North: A 1-Bedroom Plus Den in the Sky for $895,000: 55 E. Erie

This 2-bedroom, turned into a 1-bedroom plus den, at 55 E. Erie in River North came on the market in March 2024.

55 E. Erie was built during the housing boom in 2004. It has 194 units and an attached parking garage.

It’s a full amenity building with a 24-hour door staff, a pool, an exercise room and a clubhouse.

The listing calls this unit a “rare gem” that has been “meticulously” designed.

A 2-bedroom turned into a 1-bedroom with den, the listing says it is one of only 4 units like this in the building.

There are hardwood floors throughout except for the primary bedroom, which has carpet.

The living room has a gas fireplace and custom wood built-ins as well as a custom built-in murphy-style dining room table. There is no dining room.

The den, which doesn’t have any door, can be used as a home office, bedroom or sitting room.

It overlooks the private balcony which has panoramic city views.

The kitchen is a “chef’s dream” with wood cabinets and high end appliances including a Subzero refrigerator and a Viking 4-burner gas stove. It also has a seating area that has city views.

The primary bedroom has an en suite bathroom with a dual vanity.

This unit has the features that buyers look for including central air, washer/dryer in the unit and one garage parking space is included.

This building is near the Cathedral District, close to Trader Joe’s and Whole Foods, near shops, restaurants and the Eataly, steps from the temporary Bally’s casino, and minutes from the Mag Mile, including the Starbucks Reserve.

It is near the El and numerous bus routes.

The listing says this is the “first time ever on the market” for this unit.

Listed at $895,000, that’s $210,000 above the 2004 purchase price of $685,500.

Will the unique floor plan make the sale?

Margaret Baczkowski at @properties Christie’s has the listing. See the pictures here. (sorry, no floor plan)

Unit #4201: 2 bedrooms, 2 baths, 1487 square feet

  • Sold in April 2004 for $685,500
  • Currently listed at $895,000
  • Assessments of $1169 a month (includes doorman, cable, clubhouse, exercise room, pool, exterior maintenance, snow removal, Internet)
  • Taxes of $16,867
  • Central Air
  • Washer/dryer in the unit
  • Garage parking space included
  • Gas fireplace
  • Bedroom #1: 17×13
  • Bedroom #2/den: 13×11
  • Living room: 19×22
  • Kitchen: 17×11
  • Foyer: 7×9
  • Laundry: 3×3
  • Balcony: 11×8

 

 

Beautifully Updated Lincoln Park 3-Bedroom Townhouse for $835,000: 1819 N. Dayton

This 3-bedroom townhouse at 1819 N. Dayton in Lincoln Park came on the market in March 2024. (This is a picture of the complex and not necessarily this specific townhouse.)

Built in 1985, this townhouse complex has 16 units and garage parking. It has an HOA.

The listing says this townhouse has been “beautifully updated.”

The first floor has the kitchen, living room, dining room and a powder room.

It has a chef’s kitchen with white Shaker style cabinets, stainless steel appliances, a farmhouse sink, subway tile backsplash and unique butcher block counter tops.

It also has an island with seating for 2.

There’s a separate dining room and a living room with a wood burning fireplace with built-ins surrounding it.

Got a green thumb? It has an east facing back patio and skylights and the listing says any plant can “thrive” inside.

The second floor has two bedrooms, including the primary, and 2 full bathrooms.

The primary bedroom is en suite and the listing says the bathroom is newly remodeled with a white vanity and marble tiling.

The townhouse has a lower level with high ceiling and which is set up for the perfect guest bedroom. There is a full size bathroom on this level.

The property has the features buyers look for including central air, washer/dryer and 1-car private garage space.

The listing says this townhouse is around the corner from Armitage boutiques and coffee shops. There is also public transportation nearby.

This townhouse sold just 3 years ago in June 2021 for $782,000. It has come back on the market in 2024 at $835,000.

Will it get the premium?

Kelly Parker and Jordyn Schiffman at Compass have the listing. See the pictures and floor plan here.

1819 N. Dayton: 3 bedrooms, 3.5 baths, no square footage, townhouse

  • Sold in May 1989 for $101,500
  • Sold in July 1989 for $228,000 
  • Sold in December 1999 for $378,000
  • Sold in December 2000 for $380,000
  • Sold in April 2010 for $521,000
  • Sold in March 2015 for $589,500
  • Sold in April 2018 for $725,000
  • Sold in June 2021 for $782,000
  • Currently listed at $835,000
  • Assessments of $249 a month (includes exterior maintenance, lawn care, scavenger, snow removal)
  • Taxes of $9251
  • Central Air
  • 1-car garage parking
  • Wood burning fireplace
  • Bedroom #1: 14×13 (second floor)
  • Bedroom #2: 13×12 (second floor)
  • Bedroom #3: 14×9 (lower level)
  • Living room: 15×14 (main level)
  • Dining room: 11×6 (main level)
  • Kitchen: 12×13 (main level)
  • Family room: 15×15 (lower level)
  • Storage: 9×8 (lower level)
  • Patio

 

Lives Like a SFH in Dearborn Park II: A 3-Bedroom Townhouse at 1236 S. Federal in the South Loop

This 3-bedroom townhouse in Dearborn Park II at 1236 S. Federal in the South Loop came on the market in March 2024.

Built in 1994, Dearborn Park II has 118 townhouses with attached 1-car and 2-car garages. They vary from 1 to 3 bedrooms.

Because it’s an older development, it’s surrounded by mature trees and landscaping which are maintained by the HOA.

This townhouse is in one of the “quiet landscaped” courtyards.

It’s an end unit that has not only a private deck but also a rare 748 square foot private yard that is maintained by the HOA.

The listing says the townhouse has been “upgraded throughout” and that it “lives like a single family home.”

The first floor has a 1-car garage, the foyer, a full bathroom and the third bedroom which the listing says could also be a living room, office or playroom.

It leads through sliding doors to a concrete patio and the private yard.

The second floor has the living room, dining room, the kitchen and a large balcony for grilling.

The kitchen has 42-inch wood cabinets, granite counter tops and stainless steel appliances.

The third floor has two bedroom and one full bathroom which the listing says has been “newly remodeled.”

This townhouse has central air and the washer/dryer is on the third floor.

The listing says this about the location:

Close to South Loop Elementary, British International School, and Jones College Prep. Target, Jewel, Walgreens, Mariano’s, Trader Joe’s, Whole Foods, Icon Movie Theater, Museum Campus, Grant Park, lakefront, easy access to highways, and Roosevelt CTA station with Red, Green, and Orange lines all nearby.

Listed at $615,000, it last sold before the pandemic in September 2019 for $535,000.

During the pandemic, buyers were desperate for outdoor space.

Will the private yard make the sale in 2024?

Jorge Romero at Realty One Group has the listing. See the pictures and floor plan here.

Unit B: 3 bedrooms, 2 baths, 1460 square feet, townhouse

  • Sold in September 1994 for $169,500
  • Sold in February 1998 for $225,000
  • Sold in September 2002 for $327,000
  • Sold in June 2006 for $480,000
  • Sold in August 2015 for $500,000
  • Sold in September 2019 for $535,000
  • Currently listed for $615,000
  • Assessments of $375 a month (includes exterior maintenance, lawn care, snow removal)
  • Taxes of $9816
  • Central Air
  • 1-car garage
  • Fireplace
  • Skylights
  • Private side yard measuring 748 square feet
  • Bedroom #1: 13×12 (third floor)
  • Bedroom #2: 13×9 (third floor)
  • Bedroom #3: 12×11 (main floor)
  • Living room: 16×13 (second floor)
  • Dining room: 9×9 (second floor)
  • Kitchen: 10×9 (second floor)
  • Laundry: 6×6 (third floor)
  • Balcony (second floor)