Selling a 2-Bedroom Lincoln Park Townhouse 2 Years Later for $689K: 1005 W. Dickens
This 2-bedroom townhouse at 1005 W. Dickens in Lincoln Park came on the market in May 2023.
We have chattered about this townhouse before, in 2018. Like last time, the picture above is actually of the two townhouses next door with just a piece of 1005 on the far right of the picture.
This townhouse complex was built in 1985 and has 6 townhouses with garage parking. There is an HOA fee, but it’s just $200 annually.
You can see our 2018 chatter here.
If you recall, this townhouse has vaulted ceilings and skylights.
It has a gas fireplace and hardwood floors in the living room which is on the main floor.
The kitchen and dining room are down a small flight of stairs. The kitchen has wood cabinets, granite counter tops and stainless steel appliances. It is open to the dining room and leads to a private patio.
The second bedroom is on the second floor and has an adjacent bath.
The primary suite is on the third floor and takes up the entire floor. It has an en suite bathroom with marble finishes, dual vanities, glass enclosed shower and a “tranquil” soaking tub. There’s also a “sunny” deck off this level.
There’s a lower level which the listing says could be a family room, office, home gym or third bedroom.
The townhouse has central air, a full size LG stackable washer/dryer in the lower level and 1 car garage parking.
The listing says it is Airbnb licensed but doesn’t list any rental income ranges.
The listing also states all the updates:
“Additional updates include: sump pump and drain tile system (2020), Trex decking (2020), New Windows (2019), Refinished Hardwood floors and new baseboards (2020), Lower Level engineered hardwood (2020), Upgraded electrical switches and outlets (2020), New roof (2020).”
This townhouse is near Armitage shops and restaurants, the parks of Lincoln Park and top rated schools.
It came on the market for $689,000 but last sold in November 2021 for $650,000.
Will it get the premium over the 2021 sale given the low inventory in Lincoln Park?
Julie Roback and Jacqueline Czuprynski at Baird & Warner have the listing. See the pictures and floor plan here.
You can also go to the Open House on Sunday, June 4, 2023 from 12 PM to 3 PM.
1005 W. Dickens: 2 bedrooms, 2 baths, 1522 square feet, townhouse
- Sold in February 1990 for $230,000
- Sold in May 1991 for $235,000
- Sold in July 1999 for $330,000
- Sold in June 2006 for $510,000
- Sold in August 2011 for $440,000
- Sold in February 2019 for $505,000
- Sold in November 2021 for $650,000
- Originally listed in May 2023 for $689,000
- Currently still listed at $689,000
- There are now assessments of $200 annually (Previous listing in 2018 said no assessments)
- Taxes are now $10,033 (they were $9,115 in 2018)
- Central Air
- Wood burning fireplace
- Bedroom #1: 15×14 (third floor)
- Bedroom #2: 15×10 (second floor)
- Living room: 14×17 (main floor)
- Kitchen: 7×14 (lower level)
- Dining room: 9×12 (lower level)
- Family room: 16×13 (lower level)
- Terrace: 7×17 (third floor)
- Deck: 16×14 (lower level)
“Will it get the premium over the 2021 sale given the low inventory in Lincoln Park?”
They’ve listed at $39k over their purchase price. Taking into account the broker’s fee, unless they’re expecting a bidding war, aren’t they already willing to sell at a loss (and not at premium)?
The unit looks pretty nice.
Losing money in a HAWT(tm) neighborhood?
That back patio is looking very sad. Odd that they included a fall picture. If one was selling, why wouldnt you rent/borrow a pressure washer and spend a couple of hours cleaning it up?
I guess the ABnB thing didnt work out. Be curious how many of the neighboring properties are ABnB
What kind of designer would position the FP there?
How did they get away with not having any louvers in the Laundry/Mech closet? Dryer, HW and Furnace with the doors closed?
$5k/mo seems pretty steep
Washer and dryer in the living room? What the heck?
“Washer and dryer in the living room?”
Family room, rather than living room and it’s also the basement level…what are you going to do in this footprint?
I never like every stair landing being a “floor”, but I understand the utility for density and preserving overall usable sq footage. Works for some people–I couldn’t deal.
99 price + CPI + 50 bps = $677k. Ask is ~ +59.
“ what are you going to do in this footprint?”
Anywhere but in the primary living space right off the kitchen?
I remember townhomes like these being built all around LP and Lakeview in the 80’s. They look from the exterior as if they were done on the cheap. I wonder how they’ve held up over the years. Wouldn’t surprise me if maintenance costs are high.
Every stair landing is a floor – I couldn’t deal:
Hear, hear, anon. Absolutely agree. I don’t like this floor plan at all.
“Anywhere but in the primary living space right off the kitchen?”
I guess it could be crammed into the closet on the top level.
But–again–it’s in the basement ‘family room’ not the fronch-room.
Also: marked contingent.