Rarely on the Market: An East Lakeview SFH with 7 Bedrooms at 587 W. Hawthorne Place
This 7-bedroom single family home at 587 W. Hawthorne Place in East Lakeview came on the market in June 2020.
Built in 1906, it’s on an oversized 45 x 111 lot with a gated driveway on the side of the house that the listing says can fit 3 cars.
There’s no garage.
It has the floor plan that buyers look for with 4 out of the 7 bedrooms on the second floor, including the primary bedroom.
The primary suite has a marble tiled bath and opens to a sheltered balcony that overlooks the trees in the front of the house.
Two of the 4 bedrooms also have sitting areas, including the primary suite.
There are also skylights.
The laundry room is also on the second floor.
The living room, which has a gas fireplace and built-ins, the dining room and the kitchen are on the main floor, along with the 5th bedroom.
The kitchen has wood cabinets, what look like granite counter tops, stainless steel appliances, an island with seating, a built-in dining table and it overlooks the family room.
There is a rear deck for grilling.
The 6th and 7th bedrooms are in the lower level in an apartment, with its own kitchen and separate entrance which the listing says could be rented out or used as a nanny suite.
The rest of the lower level has a half bath and a recreation room as well as storage.
The house has central air.
The listing says its in the Nettlehorst school district.
It’s near all the restaurants and shops of East Lakeview and a short stroll to Belmont Harbor.
According to records, this sale appears to be only the third time the house has been on the market since 1983.
Originally listed in June 2020 at $2,474,400, it has been reduced $307,000 to $2,147,500.
Does this house have it all?
Kim Kerbis at @Properties has the listing. See the pictures and floor plan here.
587 W. Hawthorne Place: 7 bedrooms, 5.5 baths, 4200 square feet, single family home
- Sold in August 1983 for $195,000 (per Redfin)
- Sold in March 2000 for $963,000
- Originally listed in June 2020 for $2,474,400
- Reduced
- Currently listed at $2,147,400
- Taxes of $32,056
- Central Air
- No garage but has a gated driveway
- Oversized lot of 45 x 111
- Gas fireplace
- Lower level apartment with separate entrance
- Bedroom #1: 24×16 (second floor)
- Bedroom #2: 13×23 (second floor)
- Bedroom #3: 10×10 (second floor)
- Bedroom #4: 11×13 (second floor)
- Bedroom #5: 10×12 (main floor)
- Bedroom #6: 12×9 (lower level)
- Bedroom #7: 9×9 (lower level)
- Living room: 15×26 (main level)
- Dining room: 12×15 (main level)
- Kitchen: 13×14 (main level)
- Breakfast room: 10×10 (main level)
- Family room: 15×11 (main level)
- Recreation room: 25×23 (lower level)
- Laundry room: 6×10 (second floor)
- Rear deck: 14×15
- Front decks 12×13
“ Does this house have it all?”
It doesn’t have a garage
It’s a nice enough place but I don’t the value at ask. Vintage exterior blah interior
I have the same FP built ins, but was smart enough not to paint them
Now this is a great example of suburban design in the city. You could get damn near the same thing in oak brook or Barrington for about a $750k less w/ a garage, pool and bigger yard
Lost me at “no garage”
Sure, @JohnnyU, could get probably a ~40% reduction in price by moving to Barrington… but then you’d be stuck in (boring) Barrington. Trade offs.
The home is huge and appears well kept…but am sure the lack of garage is hard for most buyers to get past.
This buyer can probably afford to keep a boat at Belmont harbor, which makes the location especially attractive. There are limited SFHs of this size in such close proximity to the harbor.
I grew up a couple of blocks away and always dreamed of living on Hawthorne. It’s one of those special places that make Chicago so fascinating. One small street lined with lovely old homes in a neighborhood dominated by apartment buildings and townhouses.
Amazing that half of these old homes weren’t torn down in the 1960s to make way for four-plus-ones!
“You could get damn near the same thing in oak brook or Barrington for about a $750k less w/ a garage, pool and bigger yard”
Which is where this nice high income tax paying family is heading – or out of state. Thanks Lori / CTU / BLM / Woke mafia for driving another family out of Chicago.
In that price range you have options, not that this place is bad at all (parking cough parking cough), but you have options. maybe not this exact location but near by.
Like this one with a driveway;
https://www.redfin.com/IL/Chicago/715-W-Hutchinson-St-60613/home/13396975
Now if you don’t need parking you have this one for about 800k less;
https://www.redfin.com/IL/Chicago/428-W-Roslyn-Pl-60614/home/13365814
“Sure, @JohnnyU, could get probably a ~40% reduction in price by moving to Barrington… but then you’d be stuck in (boring) Barrington. Trade offs.”
Not saying their completely equal, more that I dont think this location warrants it. Others may. Now, if they had retained the vintage it would be in the ball park on the ask
The pavers and exterior concrete are a shitshow. you’ve got a birdbath at the base of the stairs, never seen spalling like that on pavers. Really just needs to be pulled up and regraded properly
“Not saying their completely equal, more that I dont think this location warrants it. Others may. Now, if they had retained the vintage it would be in the ball park on the ask.”
I don’t know if most buyers care about original vintage features more than they care about the character and good bones. While this home has been modernized and whitewashed to an extent, owners have made choices sensitive to the period of the home as opposed to what’s on-trend, which makes it unique. And fortunately, can’t whitewash certain aspects like the gracious room sizes, bowed windows, and a double-covered porch.
Could the owner of this home have the power lines buried? It would drive me absolutely crazy to look at power lines in my multi-million dollar home. I suppose it would drive me crazy in an affordable home too, but I wouldn’t spend millions on a home unless I could bury the power lines. Even in my home search now, I’m scouting areas where the power lines are buried.
“ I don’t know if most buyers care about original vintage features more than they care about the character and good bones. While this home has been modernized and whitewashed to an extent, owners have made choices sensitive to the period of the home as opposed to what’s on-trend, which makes it unique.“
Completely disagree. Interior is stale, especially the kitchen (pre Cherry & Black Granite) and totally boring.
The other issue is the ask. At >$2MM and in the city, buyers are either going to want vintage or modern.
Groove, tsk tsk.
“if you don’t need parking”???
We’ve already established that people with children and big budgets in Chicago have to drive them to the Latin School, Walter Payton or Jones Prep, their after school activities, and on and on.
The parking is one of the most valuable features for a family home in the city.
“In that price range you have options, not that this place is bad at all (parking cough parking cough), but you have options. maybe not this exact location but near by.”
Cute house Groove. I’m a big fan of Buena Park but it’s not Nettlehorst (not that everyone needs it to be, obviously.)
If a buyer is looking in Lakeview, they are unlikely to go that far north.
But since supply is so tight, never say never.
“Which is where this nice high income tax paying family is heading – or out of state.”
Apparently not everyone is leaving for the suburbs Ed, as Chicago single family home inventory is at it’s lowest in 13 years at under 2 months supply.
Someone is buying up all the houses Ed.
You can keep bitching about Lori, BLM, CPS, the crime, downtown being shut etc. etc. all you want. But lots of Chicagoans are moving. Many to the suburbs. Many to new homes/condos in the city.
And it’s not just single family homes. They’re buying up all the condos too.
I was going to crib on two million dollar condos in Lincoln Park that weren’t anywhere near the Lake. I thought they might take some time to sell so I didn’t crib on them right away but, alas, even those units are selling in about 2 weeks.
Damn.
I didn’t think there were that many buyers of $1.3 million condos in Lincoln Park that were in low rise buildings.
But there are.
“Sure, @JohnnyU, could get probably a ~40% reduction in price by moving to Barrington… but then you’d be stuck in (boring) Barrington. Trade offs.”
Agreed KK. No one who is looking to buy in East Lakeview gives a damn about Barrington or Oak Brook or any other suburb.
But the comment reveals just how far the city HAS come in making itself an attractive place for families to settle compared to the 1990s and even early 2000s. A cheaper price is, apparently, the only reason someone would want to end up in Barrington (which I like, by the way. Lovely lush yards and a nice downtown.)
I have no opinion on this place at all. The only thing farther from what I want in a residence is something in Barrington. I do not even know where that is. Are there any unique shops worth visiting?
Anyway, almost nothing is selling in my neighborhood and the few units that are selling, are at a significant discount to 2019. Dead, dead, dead
Not related to this property…but I have one for you and couldn’t figure out how to contact. 727 W Aldine Apt 1…8 unit building (725-727). What will it take to sell this place? Price cut $25K…8 units – only 1 is owner occupied.
Like this one?
https://www.redfin.com/IL/Chicago/2020-N-Howe-St-60614/unit-1S/home/145120564
What’s crazy about that one is they just refi’d last July on a 5/1.
“Cute house Groove. I’m a big fan of Buena Park but it’s not Nettlehorst (not that everyone needs it to be, obviously.)
If a buyer is looking in Lakeview, they are unlikely to go that far north.”
I agree, buyers usually end up being very specific. And many roll with myopic blinders in their search. They end up missing out on other and sometimes better opportunities for the same money or less.
at 2.4mil range, is nedlehorst actually a substantial factor? Private is an easy option at that price. At 700k to 850k I would think private might not be the economical option or not an option at all.
I have always been with all my large $ purchases, please show me everything else my money can buy before i decided yes on this. I guess my dollar means more to me than the norm, probably cause i don’t have much of it.
“at 2.4mil range… Private is an easy option at that price.”
Depends on all sorts of stuff–maybe they stretched too much for $2.4m (yeah, you wouldn’t but many in that bracket do–you can qualify for a mortgage on this house at ~$500k income). What if they have 4 kids all elem at the same time? That tuition is the same amount as the 80% mortgage on this place, and then is well over 2/3s of your take home.
Good point, if you are getting a 7 bedroom home we would assume multiple kids. Private with 4 little brats is a big ding to cash.
At the french school on Wilson isn’t the 5th kid free at that point?
“at 2.4mil range, is nedlehorst actually a substantial factor?”
Yes. Parents in Lakeview actually, gasp, like the public schools and will move into an area where their kids can go to one which is why Southport boomed.
How many parents have their kids in public schools in Lincoln Park even though they’re living in a $3 million house? A lot.
“Anyway, almost nothing is selling in my neighborhood and the few units that are selling, are at a significant discount to 2019. Dead, dead, dead”
What’s your neighborhood?
I’m not seeing anything that is “dead.” Even downtown is selling like hotcakes now but they’re not getting the price appreciation like other neighborhoods, that’s for sure.
East Loop is still not selling. The cheaper units in my building that normally sell very quickly, are taking months to sell even after lowing prices significantly.
Lauren,
I’m in the Hancock and prices seem low and many units stay on the market quite a long time, I’ve noticed.
“East Loop is still not selling. The cheaper units in my building that normally sell very quickly, are taking months to sell even after lowing prices significantly.”
Thanks for the update Lauren.
Yes, downtown is still difficult depending on the location/building/price point.
If you don’t HAVE to sell, I wouldn’t be in those locations.
Inventory will be absorbed and the market will recover in the next year or two.