See the World From This Penthouse at 655 W. Irving Park Road in Lakeview
This 2-bedroom penthouse in Park Place Tower at 655 W. Irving Park Road in Lakeview recently came on the market.
The building was built in 1976 and has 901 units.
It is among the tallest buildings on the north side of the city.
This unit, on the 55th floor, which is the penthouse floor, has south and east views which includes the lake and the city.
It has hardwood floors in the main living areas.
The kitchen has cherry cabinets, granite counter tops and stainless steel appliances.
There’s central air and a 1-car tandem parking space that can fit two cars included in the price.
The listing doesn’t mention a washer/dryer being in the unit.
This unit last sold 10 years ago during the boom years.
It has come on the market $75,100 under the 2005 price at $419,900.
Is this a deal for the views and location?
Cathryn Browne at Baird & Warner has the listing. See the pictures here.
Unit #5501: 2 bedrooms, 2 baths, no square footage listed
- Sold in July 2005 for $495,000
- Currently listed at $419,900 (includes 1 tandem parking space that fits 2 cars)
- Assessments of $943 a month (includes A/C, water, doorman, cable, exercise room, pool)
- Taxes of $5690
- Central Air
- No washer/dryer in the unit
- Bedroom #1: 17×12
- Bedroom #2: 13×11
I’m seeing a lot of properties that last sold 10 years or more come on the market now. Many are on the market for the first time in over a decade.
If there’s a particular building you want to live in, now may be the time you’ll be able to get in.
Mortgage purchase applications for last week were basically flat year over year even though mortgage rates are considerably lower than a year ago (even with the increase over the last 2 weeks.)
Home builders also reporting light traffic at developments over President’s Day weekend. Usually, it’s pretty busy. Obviously, if you were in Boston or the Northeast you weren’t out looking but the West has had phenomenal weather. And the Midwest weather hasn’t been terrible.
Last year was the polar vortex so spring started slow. But what’s the excuse this year?
I rented in this building when I first moved to chicago, killer views but no way in hell would I EVER buy a condo here. Those assessments are already pretty killer, and I am dubious about this person owning 2 parking spaces, from what I remember it was Valet parking which sucks donkey dick IMO. The building isn’t that bad though but you better not be homophobic if you know what I mean. The pool scene is um, something thats for sure.
Here’s an example of what I’ve been seeing. Properties are coming on the market that haven’t been listed and/or sold in a LONG time.
This top floor 2-bedroom in East Lakeview last sold in 1998.
https://www.redfin.com/IL/Chicago/435-W-Surf-St-60657/unit-4A/home/13372582
“sucks donkey dick”
Lol, haven’t heard that phrase in 10 years or more!
This building has 2 different types of parking – self-park and valet. The parking spaces are “deeded sold separately” and usually there are one or two for sale and several for rent. It’s a full-amenity building with an excellent workout room, well-stocked convenience store, a yoga studio which offers discounted rates for building residents, a daycare, the aforementioned outdoor pool “scene” with grills and picnic tables, a basketball half-court, a bags court, and a fenced dog run area. There’s a movie room that can be reserved for a nominal fee, 24 hour doorstaff, and easy access to transportation so a car is a luxury not a necessity. And the views really are “killer”. Park Place Tower does a good job serving a particular market, similar to Sandburg Village. But then – every property has its vibe.
They must have improved it quite a bit over the years, from what I remember the exercise room was tiny and gross, there was no daycare or yoga studio, the swami store was as usual mega overpriced but conveinent at least and sorta clean. Good to hear things are better as the building itself wasn’t bad, it was quite affordable too and hopping on the 145 bus that stopped right in front of the door was a pretty awesome commute. Much better than hiking to the red line.
was no no daycare or yoga studio a deal breaker for you?
ha no I moved out of there well before I was even married