Crib Chatter

This 4-bedroom duplex-up penthouse at 2948 N. Pine Grove in East Lakeview just came on the market.

Built in 1922, the building has 10 units.

If it looks familiar, that’s because we’ve chattered about it several times,  in 2013 and in 2017.

See our 2017 chatter here.

If you recall, it has a 2-story ceiling height with a second floor loft that overlooks the living room.

The main floor has the kitchen, living and dining rooms, a full bath, and one of the four bedrooms.

The fireplace in the living room is decorative.

The kitchen has white cabinets, marble counter tops, a subway tile backsplash, a white farmhouse sink, stainless steel appliances and a wine fridge.

In addition to the lofted family room, the second floor has three bedrooms and a full bath.

The listing says the bathrooms have been updated.

The unit has the features that buyers look for including space pac and washer/dryer in the unit.

It doesn’t have parking, but a transferable parking space is available for $180 a month across the street.

This unit is located near the shops and restaurants of East Lakeview.

After selling for $530,000 in 2018, it has come back on the market at $650,000.

Vintage 4-bedroom duplexes at this price point aren’t common in this neighborhood.

Will it get the premium?

Conor Scanlon at Jameson Sotheby’s has the listing. See the pictures and floor plan here.

Unit #2: 4 bedrooms, 2 baths, 2000 square feet, duplex up

• Sold in May 1992 for $207,500
• Sold in June 2000 for $318,000
• Sold in July 2006 for $469,500
• Originally listed in August 2009
• Sold in August 2013 for $406,000
• Sold in June 2018 for $530,000
• Currently listed at $650,000
• Assessments are still $489 a month (they were $518 a month in 2013) includes heat, exterior maintenance, lawn care, scavenger, snow removal
• Taxes are now $8410 (they were $9374 in 2017, $8422 in 2013 and $8104 in 2011)
• Space pac
• Washer/Dryer in the unit
• No deeded parking but transferable parking for $180 a month across the street
• Bedroom #1: 16×12 (second floor)
• Bedroom #2: 14×10 (second floor)
• Bedroom #3: 12×8 (second floor)
• Bedroom #4: 14×10 (main floor)
• Family room: 15×12 (second floor)
• Kitchen: 15×10 (main floor)
• Living room: 21×12 (main floor)
• Dining room: 16×12 (main floor)

This 5-bedroom Victorian row house at 58 E. Elm in the Gold Coast came on the market in October 2020.

Built in 1883, the row house is on a smaller than standard Chicago lot measuring 16 x 103.

It has a unique rear coach house with an oversized 1-car garage.

The house has some of its vintage features including 10′ ceilings, a center stairway with skylights, hardwood floors, crown molding and 4 working fireplaces.

The main floor has the living room, separate dining room and an eat-in kitchen which has white cabinets, quartz counter tops, a subway tile backsplash, and Subzero, Bosch and Wolf stainless steel appliances.

The kitchen also has a unique glass conservatory that overlooks the back landscaped gardens and coach house.

The baths have been remodeled and feature tile and fixtures by Ann Sacks and Waterworks along with custom vanities and Kohler tubs.

In the main house, two bedrooms are on the second floor, along with 2 baths, and two bedrooms, including the primary, are on the third floor.

The primary is en suite with a walk-in-closet.

The lower level has a family room with  a wet bar, a second kitchen with white cabinets, a full bath and laundry room.

The lower level also has separate entrances.

There are front and rear English gardens with terracotta terraces.

The listing says there is new electrical and copper plumbing upgrades.

The coach house has 1-bedroom with a full bath and a sitting room.

I can’t tell from the listing if either the house or the coach house has central air.

This house is on a tree-lined street near Oak Street Beach and all the shops and restaurants of the Gold Coast and Mag Mile.

Originally listed in October 2020 for $2,395,000, it has been reduced $100,000 to $2,295,000.

Is this an ideal property for someone to work from home or have an artist studio in that coach house?

Sarah Taich and Jame Taich at Baird & Warner have the listing. See the pictures and floor plan here.

58 E. Elm: 5 bedrooms, 6 baths, 3570 square feet, row house and coach house

• Sold in August 2001 for $1.52 million
• Sold in November 2004 for $2.12 million
• Sold in June 2005 for $1.95 million
• Sold in May 2007 for $2.065 million
• Sold in September 2010 for $1,787,500
• Originally listed in October 2020 for $2,395,000
• Reduced
• Currently listed at $2.295 million
• Taxes of $31,588
• Central Air? (I can’t find if it and the coach house have it)
• 1-car garage
• 1-bedroom/1 bath coach house
• 16×103 lot
• Bedroom #1: 17×16 (third floor)
• Bedroom #2: 12×16 (third floor)
• Bedroom #3: 12×15 (second floor)
• Bedroom #4: 16×22 (second floor)
• Bedroom #5: 9×9 (second floor coach house)
• Living room: 16×18 (main floor)
• Dining room: 13×14 (main floor)
• Kitchen: 13×20 (main floor)
• Second kitchen: 13×11 (lower level)
• Family room: 15×21 (lower level)
• Terrace: 15×22
• Terrace: 15×15

This 6-bedroom Victorian at 341 W. Belden in East Lincoln Park came on the market in May 2021.

Built in 1874, this single family home is on a larger than standard Chicago lot measuring 30 x 125.

It does not have a garage but does have 3 coveted parking spots behind the house on the alley.

The house doesn’t appear to have many of its vintage features other than bay windows, high ceilings and hardwood floors.

It has two gas fireplaces.

The kitchen has white cabinets, granite counter tops and luxury stainless steel appliances.

It has a formal dining room, a main floor family room and a second floor recreation room.

Three of the 6 bedrooms are on the second floor with the other three on the third floor, including the primary bedroom.

There’s a rooftop deck on the third floor.

The house has a landscaped backyard which includes gardens and a stone patio.

It also has central air and skylights.

This house is just 2 blocks to Lincoln Park and is near the Clark shops and restaurants.

Listed at $1.995 million, is this an ideal East Lincoln Park family home?

Joanne Nemerovski at Compass has the listing. See the pictures here (sorry- no floor plan.)

341 W. Belden: 6 bedrooms, 4.5 baths, no square footage listed

• Sold in August 1993 for $545,000
• Originally listed in May 2021 for $1.995 million
• Currently listed at $1.995 million
• Taxes of $37,058
• Central Air
• Lot measuring 30×125
• 2 gas fireplaces
• 3 outdoor parking spaces
• Skylights
• Bedroom #1: 17×15 (third floor)
• Bedroom #2: 14×10 (third floor)
• Bedroom #3: 14×9 (third floor)
• Bedroom #4: 15×12 (second floor)
• Bedroom #5: 13×12 (second floor)
• Bedroom #6: 13×8 (second floor)
• Living room: 21×14 (main floor)
• Dining room: 16×13 (main floor)
• Kitchen: 21×9 (main floor)
• Recreation room: 22×22 (second floor)
• Family room: 15×15 (main floor)
• Pantry: 7×4 (main floor)
• Deck: 18×15 (third floor)

The bull housing market just keeps charging along in Chicago as inventory remains tight and buyers are still in the market in decade high levels.

From the Illinois Association of Realtors:

In the city of Chicago, home sales (single-family and condominiums) in June 2021 totaled 3,767 homes sold, up 81.8 percent from June 2020 sales of 2,072 homes.

The median price of a home in Chicago in June 2021 was $351,500, up 6.8 percent compared to June 2020 when it was $329,000.

Reminder: that last June as the lowest June for sales in 9 years so year-over-year comparisons are going to be skewed.

Thanks to G for the historical sales data:

• June 1997: 1,817
• June 1998:  2,214
• June 1999:  2,435
• June 2000: 2,513
• June 2001: 2,451
• June 2002: 2,590
• June 2003: 2,891
• June 2004: 3,752
• June 2005: 3,850
• June 2006: 3,557
• June 2007: 3,127
• June 2008: 2282
• June 2009: 1981
• June 2010: 2526 (tax credit sales)
• June 2011: 1841
• June 2012: 2246
• June 2013: 2729
• June 2014: 2846
• June 2015: 3202
• June 2016: 3321
• June 2017: 3380
• June 2018: 3191
• June 2019: 2850
• June 2020: 2072
• June 2021: 3767

Here is the monthly median price data:

• June 2008: $309,945
• June 2009: $242,050
• June 2010: $234,250
• June 2011: $207,000
• June 2012: $216,700
• June 2013: $254,900
• June 2014: $275,000
• June 2015: $288,250
• June 2016: $299,900
• June 2017: $306,750
• June 2018: $314,900
• June 2019: $319,000
• June 2020: $329,000
• June 2021: $351,500

“Last month, we saw many trends continue to play out, including increased closed sales and median sales prices, but the decrease in inventory and days on market could be telling a new, interesting story,” said Nykea Pippion McGriff, president of the Chicago Association of REALTORS® and vice president of brokerage services at Coldwell Banker Realty. “Some first-time homebuyers are struggling to find a home in this market while move-up buyers may be more cognizant of their budgets because of the pandemic, potentially causing them to stay in their current home; this is straining inventory further and causing buyers to jump on well-priced homes, decreasing market time. If you are considering selling your home, now is the time to call your REALTOR®!”

Inventory remains tight.

Statewide inventory fell 37.6% to 28,289 from 45,321 properties.

In Chicago it only fell 6.3% to 8,226 from 8,779 home last year.

“While prices are forecast to continue to grow on both an annual and month-to-month basis in both Chicago and Illinois, the month-to-month sales are forecast to drop slightly reflecting the continued tightening of housing inventory,” said Geoffrey J.D. Hewings, emeritus director of the Regional Economics Applications Laboratory (REAL) at the University of Illinois. “Inventory supply declined to 1.7 months in Illinois and 1.5 months in Chicago – both half of the levels recorded one year ago.”

Condos remain red hot. They boosted the month again with 2560 condos selling versus 1207 single family homes.

The condo sales were up 97.1% year-over-year.

As you can see from the list above, June is normally one of the strongest months for closings of the year. The spring buyers close on properties during that month.

But this June was exceptionally hot.

The average 30-year mortgage rate remained low at 2.97%, up from 2.95% in May but down from 3.02% in June 2020.

Should developers seriously consider building more condos given the demand?

Summer housing market speeds up in June as prices rise and inventory thins [Illinois Association of Realtors, Press Release by Stephanie Sievers, July 22, 2021]

This 2-bedroom in Park Place Tower at 655 W. Irving Park in Lakeview came on the market in July 2021.

Built in 1973, Park Place Tower is one of the tallest buildings on the north side of the city.

It has 901 units and garage parking.

It’s a full amenity building with “resort style living” with “24 hour concierge, package receiving, gym, yoga room, Olympic sized pool, sundeck with grills, outdoor basketball court, party room, movie theater, business center, bike storage, grocery store, on-site maintenance, and on-site laundry room.”

This unit is on the 41st floor and has northeast lake and harbor views.

The listing says it was “newly renovated” with 2018 and 2021 updates.

The kitchen has white cabinets that have been “refinished”, what looks like granite counter tops, stainless steel appliances and a breakfast bar.

The bedrooms have new hardwood floors.

The bathroom has a new vanity and faucet.

This unit has central air, but no in-unit washer/dryer. There’s a laundry room in the building.

It does including one deeded parking space.

Listed at $230,000 for 850 square feet, is this unit a good option for someone who is now working-from-home?

Nicole Kolkin at @Properties has the listing. See the pictures and floor plan here.

Unit #4104: 2 bedrooms, 1 bath, 850 square feet

• Sold in January 2005 for $258,000
• Sold in December 2018 for $208,000
• Currently listed at $230,000 (includes garage parking)
• Assessments of $777 a month (includes heat, A/C, doorman, cable, clubhouse, exercise room, pool, exterior maintenance, lawn care, scavenger, snow removal)
• Taxes of $4313
• Central Air
• No Washer/dryer in the unit. Laundry room in the building
• Bedroom #1: 17×12
• Bedroom #2: 8×12
• Living/dining: 12×21
• Kitchen: 7×11
• Foyer: 5×8

While Chicago housing sales have jumped to 15-year highs city wide, one of the slowest neighborhoods has been downtown.

Downtown was the epicenter of the looting/protests and pandemic shutdowns over the last year with many restaurants and retail stores shut or boarded up during this time.

Was it “over” for downtown?

How many years would it take to recover? If ever?

And what would happen to downtown real estate, where inventory jumped to over 30 months during 2020?

Crain’s has an update.

A suburban couple on Friday paid almost $6.7 million for a condominium at the St. Regis Chicago on Wacker Drive, another sign that big-money buyers are coming back into the downtown condo market.

While several multimillion-dollar units at the recently completed tower designed by Studio Gang have been under contract since years before the twin 2020 crises of pandemic and social unrest walloped the downtown condo market, these buyers put the unit under contract in April, as recovery was taking root.

They are not the only ones. In the past couple of months, seven condos have sold for $4 million-plus condos in downtown neighborhoods where the buyers put them under contract in 2021.They include a Lake Shore Drive penthouse that sold in early July for $11.25 million. It had been for sale since mid-2019, but the buyers put it under contract in May.

The recent run of high net worth people buying upper-end units “evidences a strong resurgence of the downtown condo market,” said Susan Miner, a Premier Relocation agent. She represented buyers who paid $6.75 million last week for a 22nd-floor condo at No. 9 Walton. They put it under contract in May.

Crain’s goes on to say that since November, 29 buyers have put condos under contract in the St. Regis with a total value of $61 million.

The Chicago Tribune Residences haven’t started closings yet.

And One Chicago has just started marketing its 70 luxury condos on top of its 70-story tower across from Holy Name Cathedral.

Those won’t be ready for closings until next year.

Additionally, there are existing buildings that have resales on the market including The Palmolive, where the penthouse is listed for $11.9 million.

Crain’s says that there were 8 condos that sold for over $4 million in all of downtown last year.

There are already 7 this year and it’s only July.

Is downtown “back”?

Big dollar buyers are back in the downtown condo market [Crain’s Chicago Business, by Dennis Rodkin, July 20, 2021]

This 4-bedroom Italianate house at 11118 S. Artesian in Morgan Park came on the market in July 2021. (sorry- I don’t have a picture, unfortunately.)

Built in 1857 as a farmhouse, the Italianate two story front part of the house was added in the 1870s.

Built by Charles Iglehart, it was in an area originally called “Horse Thief Hollow” because horse thieves hung out there. It was originally in the village of Morgan Park.

It was landmarked by the city on July 13, 1994 and recognized as being one of the oldest original homes still remaining in the city.

It was originally a large estate bound by 111th to 115th and from Western to Rockwell, which was carved up, but it still stands on a larger than standard Chicago lot measuring 89 x 125.

It has a new oversized garage and a shed.

The listing says the home has been “restored” and has new landscape.

The living room has the original plaster moldings, which also has a decorative fireplace.

The house has a new custom-built staircase.

The renovation also included new architecturally distinctive windows in the living room and hallway.

The listing says the kitchen and baths have been renovated.

The kitchen has a checkerboard floor, white cabinets and stainless steel appliances.

The listing says the back bedroom was gutted in May of this year.

The electric was upgraded and “partial” central air added.

Four bedrooms are on the second floor. Some have carpet, some have hardwood.

There’s also a den on the second floor.

The basement appears to be partially finished but does have an office.

There are several decks and patios on the property. The listing says there is a new Trex porch and railings.

The house is near the 111th and Morgan Park Metra station and Morgan Park High School.

Listed at $450,000, this house last sold in 1993.

This is a rare opportunity to own a piece of Chicago’s history.

Will a history lover swoop in to buy this house?

Nancy Hotchkiss at BerkshireHathaway HomeServices has the listing. See the pictures here.

11118 S. Artesian: 4 bedrooms, 2 baths, 2016 square feet, single family home

• Sold in July 1993 for $132,500
• Currently listed at $450,000
• Taxes of $5680
• Partial central air, some window units?
• Oversized garage
• Shed
• 89 x 125 lot
• Landmarked historic home
• Decorative fireplace
• Bedroom #1: 11×17 (second floor)
• Bedroom #2: 8×10 (second floor)
• Bedroom #3: 13×10 (second floor)
• Bedroom #4: 14×10 (second floor)
• Living room: 17×24 (main floor)
• Dining room: 11×17 (main floor)
• Kitchen: 11×17 (main floor)
• Den: 11×9 (second floor)
• Office: 11×7 (basement)
• Sitting room: 5×9 (main floor)

This 2-bedroom loft at 1521 N. Milwaukee in Bucktown came on the market in July 2021.

Built in 1906, this building was converted to lofts during the housing bubble in 2006.

It has 3 lofts and an attached garage.

This is a top floor unit with a wall of windows overlooking the shops and restaurants of Milwaukee Avenue.

It has loft features including exposed brick, high ceilings and exposed ductwork along with a fireplace.

The listing describes the kitchen as a “chef’s kitchen” with an island that seats 5 and stainless steel appliances.

The loft has a wine fridge.

The primary bedroom might not have windows (?) but seems to have a skylight. It has an attached bath with a steam shower, soaking tub and double vanity along with a walk-in-closet.

It’s not clear if the second bedroom has windows or a skylight.

The listing says it has a rebuilt private rooftop deck with skyline views.

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

It’s right in the heart of the Bucktown/Wicker Park entertainment corridor and is just a block from the Damen Blue Line stop and 2 blocks to the Wicker Park Farmers Market.

This loft was taken back by the bank in 2009 and sold in the housing bust in 2011 for $320,000.

It has come back on the market 10 years later at $650,000, or 103% more than its previous sale.

In this hot market, will they get the premium?

Ryan Lee and Kimberly Kappelman at Compass have the listing. See the pictures here (sorry, no floor plan).

Unit #3S: 2 bedrooms, 2 baths, 1600 square feet, loft

• Sold in June 2006 for $463,000
• Bank owned in September 2009
• Sold in January 2011 for $320,000
• Currently listed at $650,000 (includes garage parking)
• Assessments of $235 a month (includes heat, a/c, electricity, gas, security, exterior maintenance)
• Taxes of $10,570
• Central Air
• Washer/dryer in the unit
• Gas fireplace
• Skylights
• Bedroom #1: 15×13
• Bedroom #2: 15×12
• Living/Dining room: 24×18
• Kitchen: 13×9

This 2-bedroom penthouse loft in the Anchor Lofts at 215 W. Illinois in River North came on the market in June 2021.

Built in 1925, Anchor Lofts has 17 lofts and garage parking.

It was converted into lofts in the 1980s.

It does not have a doorman nor other amenities.

This penthouse has a lot of authentic loft features includes 14 foot ceilings, timber columns, exposed brick and a unique stone archway that frames the foyer.

It has an open concept layout with a “recently renovated” kitchen with light wood cabinets, high end stainless steel appliances and quartz waterfall counter tops on the island, which seats 3.

There’s a wall of built-in bookcases and a wood burning fireplace.

The primary bedroom has a renovated en suite bath.

There’s a spiral staircase that accesses the second floor office and the 54×27 terrace, which has not been developed. You have to build out your rooftop terrace.

The loft has skylights.

It has the features that buyers look for including central air, washer/dryer in the unit and one “unassigned garage space.”

The last time this loft sold was in 1996.

Listed at $895,000, do you expect the rooftop deck to be built out at this price?

Marc Kaufman and Jean Emeson at Baird & Warner have the listing. See the pictures and floor plan here.

Or see it at the Open House on Sunday, July 18, from 11 AM to 1 PM.

Unit #6A: 2 bedrooms, 2 baths, 2000 square feet, loft

• Sold in September 1984 for $222,500 (per Redfin)
• Sold in August 1996 for $277,500
• Originally listed in June 2021 for $895,000
• Currently still listed at $895,000 (includes one unassigned garage space)
• Central Air
• Washer/dryer in the unit
• Wood burning fireplace
• Bedroom #1: 12×14
• Bedroom #2: 12×13
• Foyer: 13×9
• Loft office: 12×17 (second floor)
• Living room: 29×17
• Dining room: 25×10
• Kitchen: 9×16
• Undeveloped rooftop terrace: 54×27 (second floor)

This 2-bedroom in 1400 N. LaSalle in Old Town came on the market in July 2021.

Built in 1920s, this corner building has 6 units.

It does not have parking but does have a back garden.

This unit has some of its vintage features including 12 foot ceilings, crown moldings, hardwood floors.

It has a decorative fireplace with a marble mantle.

The kitchen has been “completely redone” by raising the kitchen’s ceiling, and has white cabinets (or gray?), gold handles and faucet, stone counter tops and stainless steel appliances.

Both bathrooms have been “gutted” and have current popular finishes including white subway tile, gold faucets and handles.

The primary bathroom has a dual vanity, the gold finishes and an oversized shower with dual shower head.

There has been an in-unit washer/dryer installed and HVAC with electric furnace.

It also has RH lighting.

There’s a private balcony overlooking the garden.

It doesn’t have parking but the listing says there is permit parking on Schiller or rental in the neighborhood.

This building is near the shops and restaurants of Old Town and the Gold Coast and is close to the Jewel and the Plum Market.

Buyers like “new.”

Will this go under contract by the end of the weekend?

Natalie Renna at Dream Town has the listing. See the pictures and floor plan here.

You can also see it at the Open House on Sunday, July 18 from 10 AM to 12 PM.

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

• Sold in June 2018 at $420,000
• Currently listed at $600,000
• Assessments of $547 a month (includes exterior maintenance, scavenger)
• Taxes of $8375
• Central Air
• Washer/dryer in the unit
• No parking
• Decorative fireplace
• Bedroom #1: 14×15
• Bedroom #2: 14×10
• Living room: 15×17
• Dining room: 16×17
• Kitchen: 10×10
• Balcony: 13×7