Pinnacle of Sophistication in 3-Bedroom Gold Coast Condo for $3.495 Million at 65 E. Goethe
This 3-bedroom in 65 E. Goethe in the Gold Coast came on the market originally in May 2023 but it has been on and off the market during that time.
It more recently came back on the market in October 2024.
65 E. Goethe was designed by Lucien LaGrange and built in 2001. Yes, it’s already 24 years old. It was inspired by French architecture and has just 17 units and an attached parking garage.
The building has door staff, an on-site manager and a sundeck.
The listing for this unit calls it the “pinnacle of sophistication and elegance.”
It has large windows with tree top views and 3 balconies.
The listing says it has “timeless” finishes.
It has hardwood floors throughout.
The kitchen has modern gray cabinets with luxury appliances and an island with seating for 6. It does not appear to be open to the living/dining room.
The main living area appears to have a unique modern wood paneled ceiling.
There is a den, an office and a unique feature of a theater room.
The unit has a primary suite.
It has the features buyers look for including central air, washer/dryer in the unit and 2 heated garage spaces.
This building is near Oak Street Beach, the 3 Arts Cafe at RH and all the other shops and restaurants of the Gold Coast including on Division and State.
Originally listed in May 2023 for $5 million, it has been reduced several times and is now listed at $3.495 million.
Is this a deal for a unit in this prestigious building?
Julie Harron at Jameson Sotheby’s has the listing. See the pictures and floor plan here (although the floor plan doesn’t appear to be loading correctly).
Unit #3W: 3 bedrooms, 3.5 baths, 4390 square feet
- I couldn’t find an original sales price
- Originally listed in May 2023 for $5 million
- Reduced several times
- Withdrawn and Re-listed in October 2024
- Currently listed at $3.495 million
- Assessments of $7673 (includes heat, gas, door staff, exterior maintenance, lawn care, scavenger, snow removal)
- Taxes of $66,984
- Central Air
- Washer/dryer in the unit
- 2 heated parking spaces
- Fireplace
- Bedroom #1: 20×14
- Bedroom #2: 15×13
- Bedroom #3: 14×13
- Livingdining room combo: 39×22
- Kitchen: 25×11
- Office: 13×10
- Den: 21×14
- Laundry: 14×8
- Theater: 19×9
- 3 balconies
How do you overshoot by $1.5 million on the listing? Seems to suggest some ineptness on the part of the realtor in setting the seller’s expectations. All that paneling makes this place look more like a hotel conference room.
$160K in annual assessments and taxes seems like a really great use of $$…
“How do you overshoot by $1.5 million on the listing?”
4E closed at $4.1625 in Mar-23. PSF, using listed sizes, that implies $4.6+ for this one. Initial ask on 4E, on ppsf, puts this one a little over $5.
https://www.redfin.com/IL/Chicago/65-E-Goethe-St-60610/unit-4E/home/12666404
They are extraordinarily different in finishes. Polarizing even.
“$160K in annual assessments and taxes seems like a really great use of $$…”
It’s absurd when non-rich people complain about rich people problems. If you are buying in this small boutique building which also has full-time door staff, you can very much afford spending all of this money on the building’s upkeep, your door staff’s health insurance and pension, and the taxes.
All real estate has costs associated with it. The people buying here don’t want a SFH with all the costs with that. And they likely DO want door staff for security reasons. They will pay for that privilege in a small building like this.