Crib Chatter

This 3-bedroom triplex in the Frank Fisher Residences at 1209 N. State Parkway in the Gold Coast came on the market in March 2023.

Built in 1937-38, the Frank Fisher Residences were designed by Andrew Rebori and Edgar Miller with Miller putting in some of his special touches like the original art glass walls while Rebori supplied the sculpted staircases. It is landmarked.

It has 14 units, an interior courtyard and garage parking, but I believe for just 2 cars. There are no amenities.

The listing says this unit was designed for Fisher himself. Fisher was a Marshall Field’s executive.

Originally a 2-story unit with 1660 square feet, according to prior listings, it has finally been combined with Apt #14, a studio that sat above it with 590 square feet and a 14×12 terrace that overlooks the courtyard and which has a pergola.

It has a “newer” stainless steel kitchen (which was in the 2012 listing pictures) and a breakfast area along with a small balcony/terrace. The first floor also has a library/family room with a powder room.

There’s a fireplace in the living room and, of course, the Miller art glass windows.

2 bedroom suites are on the second floor along with a walk-in-closet. The listing says the bathrooms have been “tastefully renovated.”

The third floor has the third bedroom, a family room, the laundry with sink and storage, a full bath and the terrace.

The unit has the features that buyers look for including central air, washer/dryer and one car on-site deeded garage space is included.

The Frank Fisher Residences are near the shops and restaurants of the Gold Coast including the Farmers Market on Division. With the addition of the new luxury rental building on the corner of State and Division, the area has also seen an influx of new fast casual restaurants.

One of the old listings said this unit has been featured in 18 architecture books and was in Architectural Digest (aka AD).

Listed at $1.285 million, will this triplex appeal to those looking for a townhouse?

Brad Lippitz and Stewart Smith at Compass have the listing. See the pictures here (sorry, no floor plan).

Unit #13: 3 bedrooms, 3.5 baths, no square footage listed but prior listings said it was 1660 and 590 square feet

• Sold in September 2000 for $599,000
• Sold in October 2012 for $1.159 million (appears to be both Units 13 and 14)
• Sold in April 2016 for $1.1 million ($900,000 for Unit #13 and $200,000 for Unit #14)
• Originally listed in March 2023 for $1.285 million 
• Assessments of $2230 a month (includes cable, exterior maintenance, lawn care, scavenger, snow removal, Internet)
• Taxes of $16,194
• Central Air
• Washer/dryer in the unit
• 1 car on-site deeded garage space included
• Fireplace (gas?)
• Bedroom #1: 11×21 (second floor)
• Bedroom #2: 18×10 (second floor)
• Bedroom #3: 11×12 (third floor)
• Living/dining combo: 13×29 (main floor)
• Kitchen: 12×6 (main floor)
• Family room: 17×10 (main floor)
• Breakfast room: 13×11 (main floor)
• Walk-in-closest: 13×6 (second floor)
• Laundry room: 7×6 (third floor)
• Recreation room: 10×15 (third floor)
• Balcony: 8×4 (main floor)
• Terrace: 14×12 (third floor)

This 3-bedroom in The Eddystone at 421 W. Melrose in East Lakeview came on the market in August 2022.

Built in 1928, The Eddystone was originally meant to be two buildings but the stock market crash and the Great Depression interrupted the developer’s plans. Instead, they only built one building.

It has 2 units per floor for a total of 48 units. The building has a fitness room, sauna, bike storage, laundry room, on-site engineer, 24-hour door staff and the listing says a “newly constructed roof deck with grill area.” There’s no parking.

This unit has many of its vintage features including high ceilings, arched doorways, a foyer and gallery.

It has oak herringbone hardwood floors throughout and extensive crown, picture and baseboard moldings.

The listing says the kitchen and baths have been renovated.

The kitchen has custom white and wood cabinets, stainless steel appliances and quartz countertops.

It has a primary bedroom suite with a full wall of organized closets and a spa-like porcelain bath with rain and handheld shower attachments.

The listing says the unit has new windows.

It has rare in-unit washer/dryer, installed in the half bath, but no central air, window units only, and no parking. The listing says there is monthly parking available across the street.

The Eddystone is in the heart of East Lakeview near all the shops, restaurants, bus lines and the lake front. The listing says it is in the Nettelhorst school district.

Listed in August 2022 for $619,000, it has been reduced $70,000 to $549,000.

Is this a deal for 2100 square feet in this neighborhood?

Christopher Olson at @properties Christie’s has the listing. See the pictures and floor plan here.

Unit #5B: 3 bedrooms, 2.5 baths, 2100 square feet

• Sold in December 1988 for $205,000
• Sold in May 1994 for $234,000
• Sold in September 1997 for $260,000
• Sold in January 2000 for $367,000
• Sold in May 2014 for $515,000
• Originally listed in August 2022 for $619,000
• Reduced several times
• Currently listed at $549,000
• Assessments of $1595 a month (includes heat, electricity, gas, doorman, cable, exercise room, exterior maintenance, lawn care, scavenger, snow removal, Internet)
• Taxes of $8178
• No central air- window units
• Washer/dryer in the unit
• No parking but available to rent across the street
• Bedroom #1: 18×11
• Bedroom #2: 19×11
• Bedroom #3: 15×11
• Living room: 27×14
• Dining room: 17×11
• Kitchen: 13×10
• Foyer: 8×8
• Gallery: 13×7
• Laundry room: 3×4

This 2-bedroom in 1429 N. Wells in Old Town came on the market in February 2023.

Built in 1999, 1429 N. Wells is a boutique elevator building with 30 units and garage parking. It doesn’t have door staff nor amenities.

The listing for this unit says it has been “impeccably renovated.”

It has south facing windows and balcony with city views.

The kitchen has custom white cabinetry with a blue peninsula that seats 3 along with quartz countertops, a Carrera marble backsplash, and “top of the line” stainless steel appliances including a hood over the stove.

The primary suite has a walk-in-closet and an en suite bath with a double vanity, steam shower and high end finishes and fixtures.

The second bathroom has been updated with Cle tile handmade Moroccan tile and Carrara marble flooring.

It has a wood accent wall in the foyer/hallway.

This unit has the finishes buyers look for including central air, washer/dryer in the unit, a heated parking space and storage.

It’s in the heart of Old Town near dozens of shops, restaurants, coffee shops, the Fox Trot and the new Dom’s Kitchen & Market.

Buyers love “new.”

Listed at $750,000, does this renovated unit have it all for buyers in 2023?

Margaret Baczkowski and Julia Wrzosek at @Properties Christie’s have the listing. See the pictures and floor plan here.

Or see it at the Open House on Saturday, March 4 from 11:30 to 1:30 PM.

Unit #603: 2 bedrooms, 2 baths, 1361 square feet

• Sold in September 2001 for $452,500
• Sold in June 2004 for $525,000
• Sold in October 2018 for $675,000
• Currently listed at $750,000
• Assessments of $601 a month (includes snow removal and scavenger)
• Taxes of $12,311
• Central Air
• Washer/dryer in the unit
• Heated parking space included
• Storage included
• Bedroom #1: 12×19
• Bedroom #2: 11×13
• Living room: 16×15
• Dining room: 17×7
• Kitchen: 12×10
• Foyer: 6×10
• Walk-in-closet: 5×9
• Balcony: 15×5

This 2-bedroom penthouse loft in Heartbreak Lofts at 17 N. Loomis in the West Loop came on the market in February 2023.

Built in 1924, Heartbreak Lofts was converted into 42 lofts in 2000 as part of the Loftminium conversion. It has garage parking, what looks like a shared rooftop deck but no other amenities or door staff.

This penthouse loft has 12 foot concrete ceilings, concrete columns and exposed ductwork.

It has hardwood floors throughout and industrial style windows on the main floor.

The listing says it has been “transformed” by the current owner. (The “before” pictures are in the 2015 listing.)

It has a “designer” kitchen with Restoration Hardware shelving, stainless steel appliances and vintage touches along with a wood island.

There’s space for a dining room table.

The first floor also has a den/office and a large walk-in-closet in the entryway which acts as a mudroom, laundry room and storage room.

It also has the second bedroom but it appears the wall was removed in the transformation making it open to the living/dining room and a full custom bath.

The dramatic interior winding steel staircase leads to the second floor primary suite which has a walk-in-closet and an en suite custom bathroom with separate tub and walk-in-shower.

There’s also a large, private deck off the primary suite with city views.

The loft has the features buyers look for including central air and there are two garage parking spaces available, one in the building and one next door at Johnny’s Ice House, for $25,000 each.

Heartbreak Lofts is near the restaurants and shops of the West Loop and is near United Center.

Listed at $699,000, is this the perfect home for loft lovers?

James Lotka and Paul Mancini at @properties Christie’s has the listing. See the pictures here (sorry, no floor plan).

Unit #4C: 2 bedrooms, 2 baths, 2100 square feet, loft, duplex-up, penthouse

• Sold in October 2000 for $337,500
• Sold in April 2003 for $351,000
• Sold in May 2007 for $390,000
• Sold in March 2015 for $570,000
• Currently listed at $699,000
• Assessments of $582 a month (includes exterior maintenance, scavenger, snow removal, security)
• Taxes of $11,623
• Central Air
• Washer/dryer in the unit
• 2 car parking available, one in the building and one next door at Johnny’s Ice House for $25,000 each
• Fireplace
• Bedroom #1: 20×18 (second floor)
• Bedroom #2: 19×11 (first floor)
• Living room: 21×17 (first floor)
• Dining room: 19×11 (first floor)
• Kitchen: 11×10 (first floor)
• Den: 11×9 (first floor)
• Walk-in-closet: 11×8 (second floor)
• Foyer: 10×7 (first floor)
• Laundry room: 13×8 (first floor)
• Balcony: 19×8 (second floor)

This 2-bedroom at 1358 W. Belmont in Lakeview came on the market in February 2023.

Built in 2011, 1358 W. Belmont has 6 units, parking and an elevator. It was among the first wave of new condo buildings as the housing bust eased.

This unit has floor-to-ceiling South facing windows in the living room that lead to a balcony with city views.

There looks to be hardwood floors throughout (but the listing doesn’t confirm they’re real hardwoods).

There’s a fireplace in the living room.

The kitchen is open to the living room and has wood cabinets, what looks like granite counter tops, stainless steel appliances and a peninsula which seats 4.

The primary suite has a “spa-like” en suite bathroom with a double vanity, a bathtub/shower combo and a walk-in-shower. It also has a walk-in-closet.

The unit has the features buyers look for including central air, washer/dryer in the unit, surround sound and a “large” rear exterior space which the listing says fits 2 cars.

There’s storage in the basement.

The listing says “investors welcome.”

But it also says: “Also, sellers prefer to close and rent back month to month. Come see why you will want to call this one your next home! Note: Sellers prefer a few months rent back. Thanking you in advance.”

This building is near the shops and restaurants of central Lakeview, including on Belmont and Lincoln, and the large Lakeview Whole Foods.

Listed in February 2023 for $500,000, that’s a $115,000 premium over the October 2015 purchase price of $385,000.

Are 2/2 condos still popular with home buyers?

Robin Chessick at Jameson Sotheby’s has the listing. See the pictures and floor plan here.

Unit #301: 2 bedrooms, 2 baths, 1196 square feet

• Sold in August 2011 for $312,500
• Sold in October 2015 for $385,000
• Currently listed at $500,000
• Assessments of $266 a month (includes water, parking, insurance)
• Taxes of $7781
• Central Air
• Washer/dryer in the unit
• Exterior parking space which fits 2 cars
• Fireplace
• Bedroom #1: 16×12
• Bedroom #2: 13×9
• Living/dining room: 22×17
• Kitchen: 15×10
• Balcony

We can say one thing about January 2023 sales: at least they weren’t as bad as January 2009. They managed to stay above 1,000 in Chicago.

From the Illinois Association of Realtors:

The city of Chicago saw a 41.2 percent year-over-year home sales decrease in January 2023 with 1,076 sales, down from 1,831 in January 2022. The median price of a home in the city of Chicago in January 2023 was $297,500, down 4.0 percent compared to January 2022 when it was $310,000.

Sales Data Since 2006 (thanks to G for the older data):

• January 2006: 2009 sales and median price of $258,000
• January 2007: 1850 sales and median price of $279,900
• January 2008: 1203 sales and median price of $290,000
• January 2009: 918 sales and median price of $205,000
• January 2010: 1237 sales and median price of $195,000
• January 2011: 1034 sales and median price of $150,000
• January 2012: 1123 sales and median price of $149,000
• January 2013: 1521 sales and median price of $157,000
• January 2014: 1383 sales and median price of $200,750
• January 2015: 1348 sales and median price of $220,000
• January 2016: 1398 sales and median price of $227,750
• January 2017: 1574 sales and median price of $255,000
• January 2018: 1444 sales and median price of $265,000
• January 2019: 1347 sales and median price of $255,000
• January 2020: 1462 sales and median price of $267,500
• January 2021: 1698 sales and median price of $310,000
• January 2022: 1831 sales and median price of $310,000
• January 2023: 1076 sales and median price of $297,500

“The housing market is currently experiencing its usual winter slowdown,” said Dr. Daniel McMillen, head of the Stuart Handler Department of Real Estate (SHDRE) at the University of Illinois at Chicago College of Business Administration. “Median prices are similar to their levels at this time last year in both the Chicago area and the rest of Illinois. Our forecasts indicate that prices and sales will increase over the next three months throughout the state.”

Statewide time on the market was up 2 days to 41 days from 39 days last year. But inventory fell again, losing 7.6% to 19,204 from 20,793 properties, as home sellers stayed on the sidelines and didn’t list.

In Chicago, time on the market also rose 2 days, or 4.3%, to 49 days from 47 days last year. Inventory also fell again, declining 12.7% to 5310 from 6084.

Fears about a rush of inventory coming on the market have clearly been misplaced. Inventory remains near all-time lows.

In Chicago’s 1076 sales, both condos and single family homes saw similar weakness. Single Family Home sales declined 39.9% year-over-year to 459 while condos fell 42.2% to 617.

“Following the New Year, January is a common time for sellers to prepare their homes for the spring market by buttoning up their properties for sale,” said Sarah Ware, president of the Chicago Association of REALTORS® and principal and designated managing broker for Ware Realty Group in Chicago. “Buyers, aware of their greater negotiating power, have their eyes on the spring market with the hope of increased inventory.”

The 30 year fixed came down from December, to an average of 6.27% from 6.36%. But this is still up sharply from January 2022 when it was just 3.45%.

Last winter’s market was still red hot. We won’t see more attractive year-over-year comparisons until the spring and summer because the Fed didn’t start raising rates until March of 2022.

Will Chicago sales remain frozen as we head into the spring season?

Illinois home sales and median prices dropped in January  [Illinois Association of Realtor, Press Release, by Bill Kozar, February 21, 2023]

This 2-bedroom loft in Millennium Park Lofts at 20 N. State in the Loop came on the market in June 2022.

Built in 1932, Millennium Park Lofts (is that it’s name? I found that name on a few websites but it’s unclear if the building has a formal name) was converted into loft condos in 2003 by Smithfield Properties.

It has 106 units and an exercise room. There’s no door staff.

This loft faces east with State Street views.

It has 12.8 foot concrete ceilings and is an actual live/work loft. The listing says there are “very few” rental restrictions, but no Airbnb.

The listing says it has been “professionally remodeled with the aid of an interior designer.”

It has “expensive” vinyl plank flooring throughout.

The kitchen has new modern white cabinets, open wood shelving, stainless steel appliances and “new” quartz countertops including a 9 foot island with waterfall edge and seating for four.

The listing says the loft has “high-end light fixtures from Restoration Hardware/CB2/Pottery Barn/West Elm.”

The primary bedroom has a window but the second bedroom does not appear to.

The loft has features that buyers look for including central air and a “new” washer/dryer in the unit. There’s no parking but it’s available in nearby buildings.

This building is in the heart of the Loop, near the Target and Macy’s, Millennium Park, Grant Park, numerous bus routes and the subway.

Listed in June 2022 for $550,000, it has been reduced to $499,900.

The listing also says it is currently leased for $3,000 a month.

What price gets this sold?

Darya Lisserman at Baird & Warner has the listing. See the pictures here.

Unit #411: 2 bedrooms, 2 baths, 1200 square feet, loft

• Sold in June 2003 for $265,000
• Sold in February 2006 for $230,000
• Sold in September 2015 for $310,000
• Originally listed in June 2022 for $550,000
• Reduced
• Currently listed at $499,900
• Listing says it is currently leased for $3,000 a month 
• Assessments of $886 a month (includes heat, gas, security, cable, exercise room, exterior maintenance, scavenger, snow removal, Internet)
• Taxes of $8151
• Central Air
• Washer/dryer in the unit
• No parking
• Bedroom #1: 11×20
• Bedroom #2: 11×13
• Living/dining room: 24×13
• Kitchen: 14×10

This 3-bedroom in 1148 W. Monroe in the West Loop came on the market in February 2023.

Built in 2005, 1148 W. Monroe has 20 units and attached garage parking. It is an elevator building.

This is a penthouse unit on the northeast corner.

The listing says it has had “recent renovations” including new bathrooms, new built-ins, a new a/c unit and a new water heater.

It has wood floors throughout that the 2011 listing said were cherry.

The kitchen has wood cabinets, what looks like granite counter tops and stainless steel appliances.

The primary bedroom has a en suite bathroom with a walk-in-shower and a separate tub.

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

There are two outdoor spaces including a balcony and a private rooftop deck. It’s unclear how you access it as there is no floor plan.

This building is near Target, the shops and restaurants of the West Loop and Skinner Park.

Listed at $715,000, is this a deal for 3-bedrooms in this neighborhood?

Steven Powers at Century 21 SGR has the listing. See the pictures here (sorry, no floor plan).

Unit #6NE: 3 bedrooms, 2 baths, no square footage listed, penthouse

• Sold in September 2005 for $462,500
• Sold in September 2011 for $462,000
• Listed in February 2023 for $715,000
• Assessments of $425 a month (includes exterior maintenance and scavenger)
• Taxes of $12,434
• Central Air
• Washer/dryer in the unit
• Garage parking included
• Fireplace
• Bedroom #1: 13×15
• Bedroom #2: 10×11
• Bedroom #3: 10×11
• Living/dining room: 22×21
• Kitchen: 13×11
• Balcony
• Rooftop deck

This 4-bedroom in The Pearson at 250 E. Pearson in Streeterville came on the market in May 2022.

Built in 2003, The Pearson was designed by Searl Lamaster Howe Architects and has 180 units and an attached parking garage.

The building has 24/7 door staff, on-site management, a rooftop party room and sundeck and a “state-of-the-art” exercise room.

This unit, at 4,000 square feet, looks to be a combined corner unit.

It has wide plank white oak flooring throughout and finishes in the modern style.

The gourmet kitchen has custom cabinetry, ebonized oak columns and luxury appliances including Subzero and Wolf with an island.

There’s also a wet bar with a second island.

It has a media/lounge room, a burled walnut study and a designated workout space.

The listing says the primary suite was molded from two secondary bedrooms, creating a “luxe space” complete with its own private balcony with park and city views.

There’s a wall of glass separating the primary bathroom which has Waterworks fixtures, floating vanities, a steam shower and an entire wall of oak doors that leads to a walk-in-closet.

The unit is a fully automated smart home and has central air, washer/dryer in the unit and 3 heated parking spaces and 3 storage units are included.

It also has 3 outdoor spaces, including the balcony off the primary suite, a second private balcony and a 900 square foot private terrace with a fire pit, outdoor kitchen, landscaping, lounge and dining areas with city views.

The Pearson is just a few blocks off the Mag Mile, near the Museum of Contemporary Art, directly across from Lake Shore Park and the shops and restaurants of Streeterville and the Gold Coast.

Listed in May 2022 for $3.85 million, it has been reduced $750,000 to $3.1 million.

Is this a deal for the square footage and outdoor space?

Victoria Rezin and Dawn McKenna at Coldwell Banker have the listing. See the pictures here (sorry, no floor plan).

Unit #1805: 4 bedrooms, 3.5 baths, 4000 square feet

• Sold #1805 in August 2016 for $1.525 million
• Sold #1806 in August 2016 for $975,000
• Originally listed in May 2022 for $3.85 million
• Reduced
• Currently listed at $3.1 million
• Assessments of $2670 a month (includes a/c, doorman, cable, clubhouse, exercise room, exterior maintenance, lawn care, scavenger, snow removal, Internet)
• Taxes of $42,059
• Central Air
• Washer/dryer in the unit
• 3 heated parking spaces included
• 3 storage units included
• Automated smart home
• Outdoor kitchen
• Fire pit
• Bedroom #1: 19×12
• Bedroom #2: 14×13
• Bedroom #3: 12×13
• Bedroom #4: 14×10
• Living room: 16×15
• Kitchen: 22×16
• Dining room: 11×16
• Foyer: 11×27
• Office: 11×17
• Exercise room: 12×10
• Family room: 16×11
• Walk-in-closet: 16×8
• Walk-in-closet: 7×7
• Wet bar: 11×8
• Balcony #1: 19×5
• Balcony #2: 5×12
• Terrace: 16×56

This 3-bedroom Basecamp townhouse at 445 W. Hobbie on the Near North Side (???- original development was called “Basecamp River North”) came on the market in March 2022.

Designed by Pappageorge Haymes and built in 2015 on 2-acres, Basecamp River North has 47 townhouses, some that are 2 stories and some that are 3 stories with attached garages.

The picture above is of one row of the 2-story units. The picture was also taken in 2017 so the trees and foliage would be more grown out and extensive.

This 2-story townhouse has heated concrete floors on the first level along with the living room, dining room, kitchen and a half bath.

The kitchen has white and wood contemporary cabinets with an island that does not appear to have seating. The listing says it has granite counter tops and “upgraded” home appliances.

The second floor has all three bedrooms.

The primary suite has wood floors and an en suite bathroom with a double vanity.

The other two bedrooms have carpeting. Does the third bedroom have a window? It appears to have a skylight but it’s unclear about the window.

This townhouse has a private rooftop deck with skyline views.

It has central air and a rare, attached 2-car garage.

The townhouse is near Seward Park, the Clark and Division red line stop, Jewel, Target and Aldi and the listing says it’s “mins to get on Lake Shore Drive.”

Originally listed in March 2022 for $866,000, it was reduced several times before it went under contract in November 2022 listed at $819,000.

But it came back on the market in January 2023, also at $819,000, and has just reduced $10,000 to $809,000.

The listing says, “Seller is willing to negotiate closing credit for buyer to buy down the interest rate.”

Will this price, and closing credit, get this townhouse sold this spring?

Josephine Wang at Concentric Realty Inc. has the listing. See the pictures here (sorry, no floor plan).

445 W. Hobbie: 3 bedrooms, 2.5 baths, 2200 square feet, townhouse

• I couldn’t find the PIN in the CCRD but Zillow says it sold in July 2015 for $570,000
• Originally listed in March 2022 for $866,000
• Reduced
• Contingent in November 2022 at $819,000
• Re-listed in January 2023 at $819,000
• Reduced
• Currently listed at $809,000
• Assessments of $267 a month (includes lawn care and snow removal)
• Taxes of $14211
• Central Air
• 2 car attached garage
• Bedroom #1: 18×13 (second floor)
• Bedroom #2: 10×14 (second floor)
• Bedroom #3: 11×10 (second floor)
• Living/dining combo: 18×18 (main floor)
• Kitchen: 16×16 (main floor)
• Roof top deck