A Hyde Park Vintage 4-Bedroom with Garage Parking for $649,000: 5830 S. Stony Island

This 4-bedroom in the Vista Homes at 5830 S. Stony Island in Hyde Park came on the market in January 2023.

Built in 1926, Vista Homes is a co-op with 120 units. According to Chicago Apartments, A Century of Lakefront Luxury, the promotional brochure for the building called it the world’s largest co-op building.

The units ran from four rooms resembling “tiny suburban cottages” to “spacious 11-room apartments as pretentious as a town house.”

The building, designed by Paul Frederick Olsen, has four sets of passenger and freight elevators. It is constructed of red brick with Bedford stone trim and has stained glass windows.

According to Chicago Apartments, an athletic club was supposed to be built directly to the south but was never built. Currently, it’s a large shared garden, with garden plots.

This building is also a rare vintage building that has a parking garage. According to Chicago Apartments, it is connected to the building by tunnel and is the “World’s 1st Co-Op garage.” It’s 2 stories high with room for more than 100 cars.

The building also has door staff,  on-site management, a resident engineer, the gardens and a playground.

This unit is one of the 11-room units and it has park and lake views.

It has some of its original features including a gallery foyer and the original crown modelings. There are also oak hardwood floors throughout.

The kitchen has white cabinets and what look like stone countertops. In the pictures from the 2012 sale, the washer/dryer was also in the kitchen.

The primary bedroom appears to have an en suite bathroom and a dressing room.

The unit has features buyers look for including central air, garage parking and washer/dryer in the unit. These are all rare for a nearly 100 year old property.

This building is near the University of Chicago and the Lab Schools, the Museum of Science and Industry, Jackson Park and the shops and restaurants of Hyde Park. It’s also near a Metra stop.

Listed at $649,000, is this a deal for a family home in this neighborhood?

Robert Sullivan at Berkshire Hathaway HomeServices has the listing. See the pictures and the floor plan here.

Unit #4A: 4 bedrooms, 4 baths, 2400 square feet, co-op

  • Sold in July 2012 for $430,000 (per Redfin as it’s a co-op so it’s difficult to get prior sales prices)
  • Currently listed at $649,000
  • Assessments of $2780 a month (includes heat, gas, parking, taxes, doorman, cable, lawn care, scavenger, snow removal)
  • Taxes are included in assessments
  • Central Air
  • Washer/dryer in the unit
  • Garage parking included
  • Bedroom #1: 19×11
  • Bedroom #2: 15×11
  • Bedroom #3: 15×11
  • Bedroom #4: 11×9
  • Living room: 24×14
  • Dining room: 19×13
  • Family room: 18×12
  • Kitchen: 13×9
  • Walk-in-closet: 12×6
  • Gallery: 30×7

 

 

 

Vintage East Lincoln Park 4-Bedroom Co-Op Reduces to $575,000: 399 W. Fullerton

This 4-bedroom co-op in 399 W. Fullerton in East Lincoln Park came on the market in June 2019.

Built in 1926-27 by McNally & Quinn, according to Chicago Apartments, it’s in the French Renaissance style.

It’s an exclusive building with just 2 units per floor and just 32 units in the 17 story building.

It’s also unusual for a building in this period in that there’s a garage on the first floor with valet parking. Garage and guest parking is available in the building.

It has 24-hour door staff, engineering staff, storage, bike storage and an exercise room.

If this unit looks familiar, that’s because we have chattered about it several times the last few years with the last time in October 2021.

You can see the 2021 chatter here.

If you recall, this unit has Lincoln Park and lake views.

It has wood crown molding in the living room along with a gas fireplace.

There are hardwood floors in the living and dining room.

On the kitchen, the listing says: “The kitchen was moved and enlarged; it includes a 5-star range with grill and double oven, a SubZero refrigerator and separate freezer, a Fisher Paykel dishwasher, and a wine refrigerator. (Note: it is possible to open up kitchen walls creating a modern open floorplan.)”

The former kitchen is now the fourth bedroom and has a full bath.

Of the other bedrooms, one is en suite and the other two share the jack and jill bathroom.

It has the features that buyers look for that are often hard to find in vintage units including central air, washer/dryer in the unit and valet garage parking, which is $300 a month.

Originally listed in June 2019 at $899,000, it has been reduced to $575,000.

The listing says buyers can finance up to 70% of the purchase price.

Also, the listing says the taxes are NOT in the HOA.

This building is in a prime location in East Lincoln Park, across from Lincoln Park, near the Zoo and Conservatory, near several bus lines and the shops and restaurants on Clark in East Lincoln Park.

Is this unit finally a deal?

Jennifer Ames at Engel & Voelkers still has the listing. See the pictures and floor plan here.

Unit #14W: 4 bedrooms, 3 baths, 3000 square feet, co-op

  • I couldn’t find a prior sales price as it’s a co-op
  • Originally listed in June 2019 at $899,000
  • Reduced numerous times
  • Was listed in January 2021 at $675,000
  • Reduced
  • Listed in October 2021 at $650,000
  • Reduced
  • Currently listed “as-is” at $575,000
  • Assessments are now $3890 a month (In Oct 2021, they were  $2799 a month (they were $4549 a month in January 2021) (includes heat, doorman, cable, gas, exterior maintenance, lawn care scavenger, snow removal but not the taxes.) The taxes were included last time and the listing said they were $1856 a month. That meant the rest of the assessment was $2593 a month.
  • Taxes are now $19,872 (they were $19,652 in Oct 2021)
  • Central Air
  • Washer/dryer in the unit
  • Valet garage parking for $300 a month
  • 1 fireplace
  • Bedroom #1: 19×12
  • Bedroom #2: 20×13
  • Bedroom #3: 16×12
  • Bedroom #4: 13×9
  • Living room: 29×16
  • Dining room: 19×14
  • Kitchen: 17×13
  • Foyer: 14×8

3-Bedroom with Massive Deck in Boutique Building for $1.3 Million at 24 W. Erie in River North

This 3-bedroom at 24 W. Erie in River North came on the market in November 2022.

Built in 1890, it was converted into 4 units in 1998. It has an elevator which opens into each unit and an attached garage.

This is a full floor unit with all four exposures.

The listing calls it the “peak of luxury.”

It has a foyer, 12 foot ceilings and hardwood floors.

There is an office off the living room and a separate dining room.

The kitchen has modern wood cabinets with a Subzero refrigerator, 6-burner gas stove, a Thermador double-oven, and a peninsula with seating for 2.

There’s also room for a table.

The primary suite has an en suite bathroom with a double vanity, a walk-in-shower and a makeup vanity along with a gas fireplace.

The second bedroom has a built-in Murphy bed.

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

There are two decks, one on the front of the building, facing south, and a massive back deck, facing north.

This building is near all the shops and restaurants of River North and the Mag Mile and is close to Trader Joe’s and Whole Foods.

Listed in November 2022 at $1.3 million, it’s still listed at that price.

Is this a single family home replacement for someone who wants to live in River North?

Margaret Baczkowski at @Properties Christie’s has the listing. See the pictures here. Sorry, no floor plan.

Unit #2: 3 bedrooms, 2.5 baths, 2700 square feet

  • Sold in November 1998 for $719,000
  • Originally listed in November 2022 for $1.3 million
  • Currently still listed at $1.3 million
  • Assessments of $1550 a month (includes security, exterior maintenance, scavenger, snow removal)
  • Taxes of $31,705
  • Central Air
  • Washer/dryer in the unit
  • Garage parking included
  • 2 gas fireplaces
  • Bedroom #1: 14×21
  • Bedroom #2: 11×12
  • Bedroom #3: 16×12
  • Office: 9×9
  • Kitchen: 17×15
  • Living room: 21×20
  • Dining room: 21×13
  • Laundry room: 4×8
  • Balcony: 19×18
  • Deck: 22×19

 

5-Bedroom with the “Largest Private Outdoor Space in the West Loop”: 123 S. Peoria

This 5-bedroom in Peoria Green at 123 S. Peoria in the West Loop came on the market in October 2022.

Built in 2021, this building has 5 units with a private elevator that opens into each unit. It has attached heated garage parking.

This unit is a single floor unit. The listing says it has 5700 total square feet of indoor and outdoor living including 3859 indoor and 1842 exterior.

The open concept living room, dining room and kitchen has industrial looking windows that overlooks the Mary Bartelme Park.

The kitchen has Italian cabinetry from Archisesto, Wolf and Subzero appliances, a huge waterfall island and a side pantry.

There’s a family room with built-ins and a beverage fridge.

The primary suite has a built-out 9×16 dressing room with make-up table, 2 vanities, a separate tub and shower. It has a separate door that opens to part of the outdoor terrace.

The other bedrooms also have walk-in-closets.

There’s also a separate office that is being used as a wellness/workout room, features a recovery sauna, and has direct access to the outdoor terrace.

The listing says the terrace is the “largest private outdoor space in the West Loop.” It is fully hardscaped with finished brick parapet walls, concrete pavers for the entire space and has a covered outdoor living room, electricity, gas and water hookups for outdoor cooking.

The unit has a custom built laundry room, an in-unit waste chute, a storage closet, central air and 2 heated garage parking spaces.

This building is across from one of the most popular parks in the West Loop, is near shops, restaurants and grocery stores and isn’t far from Randolph Street and Fulton Market.

It originally sold in June 2021 for $3.17 million and came back on the market in October 2022 for $3.3 million.

Will it get the premium in the spring market?

P. Corwin Robertson and Tiffany Bishop at Jameson Sotheby’s have the listing. See the pictures here. Sorry, no floor plan.

Unit #P2: 5 bedrooms, 5.5 baths, 3859 square feet

  • Sold in June 2021 for $3.17 million (per Redfin)
  • Originally listed in October 2022 for $3.3 million
  • Currently still listed at $3.3 million
  • Assessments of $994 a month (includes security, exterior maintenance, scavenger, snow removal)
  • Taxes are “new”
  • Central Air
  • Washer/dryer in the unit
  • 2 heated garage parking spaces included
  • Bedroom #1: 22×13
  • Bedroom #2: 11×14
  • Bedroom #3: 11×18
  • Bedroom #4: 11×14
  • Bedroom #5: 11×18
  • Foyer: 7×7
  • Gallery: 9×14
  • Living/dining room: 17×36
  • Kitchen: 10×21
  • Family room: 18×14
  • Walk-in-closet: 16×10
  • Laundry room: 7×8
  • Terrace: 99×12
  • Terrace: 12×50

 

Estate Owned 1-Bedroom for $219,000 in Milton Schwartz’s 320 W. Oakdale in Lakeview

This 1-bedroom in 320 W. Oakdale in Lakeview came on the market in November 2022.

The building was designed by Milton Schwartz in 1956 and has 51 units and covered parking. It has many mid-century modern fans.

This is from Wikipedia about the building’s history:

The building at 320 West Oakdale is representative of the apartment building boom in ChicagoIllinois in the 1950s and 1960s. Milton M. Schwartz served as the building’s architect, contractor, and developer, and the building was his first major design. As such, he had complete control over the creative direction of the building, and so was able to tailor it to his interests.

Schwartz intended the building to serve as luxury apartments for the city elite. The apartment was designed so that residences had windows in three or four directions. Rooms were designed to resemble single-story ranch homes. The building was one of the first completely air conditioned all-glass apartments in Chicago.

Stark in its repetition and simplicity, it is a good example of the International Style. The building was highlighted in a 1955 Architectural Forum article about recent Chicago apartment buildings. In the article, it was compared favorably to nearby works by Ludwig Mies van der Rohe and Skidmore, Owings & Merrill. On April 23, 2013, the building was recognized by the National Park Service with a listing on the National Register of Historic Places.

This unit is on the third floor and has floor to ceiling windows with carpeting.

The listing says it is being sold “as-is” and is “estate owned.”

It packs a lot into its 900 square feet including an eat-in kitchen, a dining space, a walk-in-pantry and a walk-in-closet.

The kitchen has wood cabinets which look like they may be original. (?)

The unit also has what appear to be the original accordion-style wood door leading to the walk-in-closet in the bedroom. Would you keep it?

It is on the third floor, which the listing says is the same floor as the building’s laundry room.

The building has an on-site manager.

The unit has central air and parking is available for rent a  half a block away.

Redfin says it last sold in 1997 for $85,000. It is listed at $219,000.

The listing says the building does not allow airbnbs or short term rentals. However, it does allow rentals but has a rental cap of 10 units. The listing says just 2 are rented.

Who’s the buyer for this unit: a renovator to live in it or a possible landlord?

Mary Hinard at @Properties Christie’s has the listing. See the pictures and floor plan here.

Unit #304: 1 bedroom, 1 bath, 900 square feet

  • Sold in February 1997 for $85,000 (per Redfin. The CCRD doesn’t have any records older than 1998)
  • Originally listed in November 2022 for $219,000
  • Currently still listed at $219,000
  • Assessments of $787 a month (includes heat, a/c, cable, exterior maintenance, lawn care, scavenger, snow removal, Internet)
  • Taxes of $4076
  • Sold “as-is”
  • Estate owned
  • No washer/dryer in the unit- but laundry in the building
  • Central Air
  • Parking is available to rent half a block away
  • Bedroom: 16×13
  • Living room: 24×12
  • Pantry: 10×5
  • Walk-in-closet: 10×6
  • Foyer: 6×8

Total Renovation of a Half Floor Co-op at 229 E. Lake Shore Drive in the Gold Coast

This 4-bedroom in The Shoreland Apartments at 229 E. Lake Shore Drive in the Gold Coast came on the market in April 2022.

Built in 1918-1919, The Shoreland Apartments was designed by John Fugard who also designed 219 E. Lake Shore Drive next door several years later. The Shoreland is now a co-op building and only has 20 half-floor units.

It does not have parking but the listing says the building has a patio/garden area in the back. The building does have door staff.

This unit has had a “total renovation” which includes “new windows, doors, pipes, plumbing fixtures, a/c systems.”

It has 2 fireplaces, including one in the living room and one in the primary bedroom, a large foyer and a library.

The kitchen has been opened to the family room and dining room. It has white and blue cabinets, a full size island, Subzero fridge, beverage drawers and wine cooler, a Wolf range, wall oven and microwave and a Bosch dishwasher along with a Butler’s pantry.

There are built-ins throughout.

The primary suite has 2 closets and an en suite marble bath with steam shower and radiant flooring.

The second and third bedrooms are also en suite.

The fourth bedroom is used as a den.

The unit has the features buyers look for including dual zoned space pak air, a full sized laundry room but it does not have parking on-site. The listing says it’s available to rent at “The Drake for $320/mo. and 990 Lake Shore Dr. for $350/mo.”

Originally listed in April 2022 for $2.199 million, it has been reduced to $1.749 million.

There are 5 units available in The Shoreland Apartments out of 20 units including Unit #4E, which is listed at $1.999 million.

The monthly assessment includes both the base assessment and the real estate taxes.

East Lake Shore Drive used to be the premier luxury street for condo/co-op buyers in the city. This unit has views of Lake Michigan, DuSable Lake Shore Drive and Oak Street Beach.

Is it still one of Chicago’s top streets?

Suzanne Gignilliat and Joelle Cachey Hayes at @Properties Christie’s have the listing. See the pictures here. Sorry, no floor plan.

Unit #5E: 4 bedrooms, 3.5 baths, 3600 square feet

  • Unclear about prior sales price because it’s a co-op so other unit sales can show up in Redfin/Zillow listings.
  • Originally listed in April 2022 at $2.199 million (according to Zillow)
  • Reduced
  • Currently listed at $1.749 million
  • Assessments of $7613 a month (includes real estate taxes of $2949 and base of $4664 which includes heat, gas, doorman, cable, exterior maintenance, lawn care, scavenger, snow removal)
  • Taxes: included in assessment
  • Dual zoned space pac
  • Washer/dryer in the unit
  • 2 fireplaces
  • No parking but available to rent in the neighborhood for $320 a month or $350 a month
  • Bedroom #1: 22×15
  • Bedroom #2: 19×15
  • Bedroom #3: 15×17
  • Bedroom #4: 13×13
  • Living room: 25×17
  • Dining room: 15×21
  • Family room: 15×21
  • Kitchen: 17×18
  • Laundry room: 8×11
  • Foyer: 23×10
  • Library: 19×12

 

5 Fireplaces and a Conservatory in a Pre-War Penthouse: 199 E. Lake Shore Drive

This 5-bedroom penthouse in The Breakers at 199 E. Lake Shore Drive in the Gold Coast came on the market in November 2022.

Built in 1913, The Breakers was designed by Benjamin Marshall in red brick and white-glazed terra-cotta. The listing says it just had a facade restoration (see the picture above).

There are 13 apartments. According to Chicago Apartments: A Century of Lakefront Luxury, the building has two parts, the east part which has single floor apartments, and the west annex which has duplexes.

It was apparently a rental building until 1995 when it was converted into a co-op.

The Breakers has door staff, an exercise room and parking.

Strangely, for such a small building, this is the second chatter we’ve done on the building in the last year, and the other one was also a penthouse that the listing said was a “once in a lifetime opportunity.”

You can see that chatter here.

That unit, #10W, sold on Dec 1, 2022 for $3 million.

This unit is a duplex up and has a 2-story staircase and vaulted ceiling.

It has many of its vintage features including 5 fireplaces, two wood burning and three gas, walnut paneled walls, ornamental ceilings and a unique conservatory with a catering kitchen.

The listing also says it has the original oak and reclaimed marble floors.

One of the wood burning fireplaces is actually in the kitchen which has white cabinets, a big kitchen island with seating, luxury appliances, and a butler’s pantry with 2 warming drawers, and an extra Subzero freezer and ice maker.

The primary bedroom is on the main floor and has a fireplace, built-ins, several walk-in-closets, reading alcove, 2 water closets, a double vanity, walk-in-shower and jacuzzi tub.

It also has a hidden safe and locked jewelry drawers.

The fifth bedroom is also on the main level but the rest are on the second floor where there is also a library, office, sunroom and game room/billards room.

The office has walnut paneling, a powder room and a balcony.

The conservatory is like it’s own little world. From the listing:

“A rare addition is the conservatory with 22′ ceilings and a catering kitchen nearby. It has a separate A/C unit, heated flooring and remote windows surrounding the periphery. This space is totally unique to high rise living as it truly invites the outside in. There is a dining terrace with attached gas grill and seating for six to eight. There is an integrated audio system throughout.”

The unit has central air with 5 HVAC systems and there is garage parking.

While it does have a large outdoor deck, shown in the pictures, the listing says there is the “potential” to build the large rooftop deck.

Listed at $7.99 million, is this the ultimate Chicago penthouse?

Julie Busby and Barbara Steinhauser at Compass have the listing. See the pictures here. Sorry, no floor plan.

Unit #PH-E: 5 bedrooms, 5 baths, 9672 square feet, duplex up

  • No  prior sales price as it’s a co-op
  • Listed in November 2022 for $7.99 million
  • Currently still listed at $7.99 million
  • Assessments of $12,834 a month (includes heat, gas, parking, doorman, cable, exterior maintenance, lawn care, scavenger, snow removal)
  • Taxes are $8,556 (#10W was $53,305 and assessments were $6423 a month)
  • Central Air
  • Washer/dryer in the unit
  • Garage parking included
  • 5 fireplaces (2 wood burning and 3 gas)
  • Conservatory
  • Bedroom #1: 27×22 (main floor)
  • Bedroom #2: 25×13 (second floor)
  • Bedroom #3: 31×13 (second floor)
  • Bedroom #4: 18×13 (second floor)
  • Bedroom #5: 23×12 (main floor)
  • Foyer: 30×15 (main floor)
  • Sunroom: 30×28 (second floor)
  • Library: 22×16 (second floor)
  • Office: 15×11 (second floor)
  • Breakfast: 16×15 (main floor)
  • Kitchen: 25×14 (main floor)
  • Laundry: 12×7 (second floor)
  • Dining room: 25×16 (main floor)
  • Game room: 25×15 (second floor)
  • Sitting room: 31×12 (second floor)
  • 2 balconies and unfinished roof top deck

 

Renovated Gold Coast 2-Bedroom with Parking at $595,000: 57 E. Delaware

This 2-bedroom in The Bristol at 57 E. Delaware in the Gold Coast originally came on the market in March 2022.

The Bristol was built in 2000 and has 178 units with attached garage parking.

It’s a full amenity building with doorstaff, an indoor pool, exercise room, sauna/hot tub, bike room and on-site manager/engineer.

It was also among the first of the “new” luxury towers built in the Gold Coast.

The listing says this unit has been renovated.

It has south city views.

The unit has dark hardwood floors in the living/dining rooms and kitchen along with carpet in the bedrooms.

The kitchen is open to the living/dining space and has white cabinets, white counter tops, a peninsula with seating and “top of the line” appliances along with a wine refrigerator.

The primary suite has a walk-in-closet and an en suite bath with a bathtub, walk-in-shower and dual vanity.

It has the features that buyers look for including central air, washer/dryer in the unit and 1 parking space is included.

This building is near the Mag Mile and shops and restaurants of the Gold Coast.

Originally listed in March 2022 for $620,000, it’s been reduced and is now listed at $595,000.

You can see the prior listing pictures before the renovation here.

With most sellers waiting until February to list for the spring season, can listing right now be an advantage?

Chezi Rafaeli at Coldwell Banker has the listing. See the pictures here.

Unit #1706: 2 bedrooms, 2 baths, 1500 square feet

  • Sold in April 2000 for $452,000
  • Sold in May 2004 for $525,000
  • Originally listed in March 2022 for $620,000
  • Reduced
  • Currently listed at $595,000 (includes 1 car parking)
  • Assessments of $1145 a month (includes cable, Internet, bike room, door staff, exercise room, party room, indoor pool, hot tub/sauna, on-site engineer/manager)
  • Taxes of $12,730
  • Central Air
  • Washer/dryer in the unit
  • Bedroom #1: 17×13
  • Bedroom #2: 13×11
  • Living/dining room: 22×15
  • Kitchen: 14×8

 

 

 

Market Conditions: Chicago Inventory Falls 16.3% YOY in November

We already know from Gary’s data that November’s sales were down sharply compared to last year, which was a 15-year record high. They were at the lowest since 2011’s housing bust market.

All of us watching the Chicago housing market know that sales have ground to a halt thanks to higher mortgage rates.

From the Illinois Association of Realtors:

In Chicago, home sales (single-family and condominiums) in November 2022 totaled 1,522 homes sold, a 36.5 percent decrease from November 2021 sales of 2,396 homes.

In the city of Chicago, the median price of a home in November 2022 was $305,000, a decrease of 6.7 percent from $327,000 in November 2021.

Here is the November sales data for the last 15 years (thanks to G for some of the data):

  • 2007: 1859 sales and median price of $290,000
  • 2008: 1093 sales and median price of $222,500 (16% short/REO sales)
  • 2009: 1905 sales and median price of $215,000 (29% short/REO sales)
  • 2010: 1144 sales and median price of $182,500 (39% short/REO sales)
  • 2011: 1429 sales and median price of $157,000 (43% short/REO sales)
  • 2012: 1750 sales and median price of $180,000
  • 2013: 1844 sales and median price of $200,000
  • 2014: 1638 sales and median price of $230,000
  • 2015: 1661 sales and median price of $233,500
  • 2016: 1937 sales and median price of $260,000
  • 2017: 1959 sales and median price of $256,000
  • 2018: 1852 sales and median price of $261.745
  • 2019: 1671 sales and median price of $270,000
  • 2020: 2018 sales and median price of $295,000
  • 2021: 2396 sales and median price of $327,000
  • 2022: 1522 sales and median price of $305,000

“The housing market in Illinois has slowed since its peak in June,” 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. “The median home price and the number of sales were lower in November than at the same time last year. The number of foreclosures has increased but is still not high by historical standards. Our forecasts indicate that the number of sales will remain low over the next three months. Prices are forecast to increase slightly in the Chicago area over the few months but are expected to continue to decline somewhat in the rest of Illinois.”

Statewide, inventory fell 12.3% year-over-year to 24,279 from 27,692 even though sales declined 30%.

In Chicago, inventory also fell, declining 16.3% to 6,559 from 7,837 last year.

Days on the market in Chicago also fell again, to 35 days from 36 days last year.

Condos/townhouses remain the weaker market with sales down 40.3% year-over-year to 849 while single family home sales fell “just” 31% to 673.

The average 30-year fixed rate mortgage was 6.81% in November, down from 6.9% in October but up dramatically from November 2021 when it was just 3.07%.

“With many major industries seeing market declines in the face of rising interest rates, it’s no surprise that the November housing market also declined in closed sales, median sales price and inventory,” said Sarah Ware, president of the Chicago Association of REALTORS® and principal and designated managing broker for Ware Realty Group in Chicago. “However, mortgage rates began to drop, which will hopefully draw more buyers into the market as we move towards 2023.”

Will the decline in inventory put a floor under Chicago home prices even with sales plunging?

Illinois homes sell quickly in November; median prices and inventory dip [Illinois Association of Realtors Press Release, by Bill Kozar, December 21, 2022]

2-Bedroom Duplex Up with Huge Deck for $529,900: 2121 W. Division in West Town

This 2-bedroom duplex up at 2121 W. Division in West Town came on the market in October 2022.

2121 W. Division was built in 1999 and has 6 units including commercial space on the first floor. It has garage parking behind the building.

The listing says this unit was “recently updated.”

The first floor is open concept with the living and dining rooms and the kitchen. It also has a half bath and a fireplace.

It has a boxed ceiling and there are oak hardwood floors.

The kitchen has “high quality” cabinets, stainless steel appliances and granite counter tops along with a large island.

The unit has a “huge” front balcony off the main level that overlooks Division Street, including all the restaurants, coffee shops, bars and shops there. The listing says it is a new composite deck.

The second floor includes both bedrooms and a den or office and both full bathrooms.

The primary suite has a walk-in-closet and en suite bath with jacuzzi tub.

The listing says the unit has been freshly painted.

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

This building is in the middle of the Division Street action and is near shops and restaurants of Ukrainian Village and Wicker Park.

Listed in October 2022 for $549,000, it has been reduced to $529,900.

Is this a townhouse alternative?

Jennifer Ublasi and Stephanie Juckem at Jameson Sotheby’s have the listing. See the pictures here. (sorry, no floor plan)

Unit #4: 2 bedrooms, 2.5 baths, duplex up, 1650 square feet

  • Sold in December 1999 for $245,000
  • Sold in May 2005 for $405,000
  • Sold in September 2014 for $390,000
  • Originally listed in October 2022 for $549,000
  • Reduced
  • Currently listed at $529,900 (garage parking included)
  • Assessments of $275 a month (includes exterior maintenance, lawn care, scavenger, snow removal)
  • Taxes of $11,505
  • Central Air
  • Washer/dryer in the unit
  • Fireplace
  • Bedroom #1: 14×11 (second floor)
  • Bedroom #2: 25×10 (second floor)
  • Living room: 21×14 (main floor)
  • Dining room: 10×11 (main floor)
  • Kitchen: 11×12 (main floor)
  • Den: 8×6 (second floor)
  • Laundry: 6×8 (second floor)
  • Deck: 24×32 (main floor)