The 3-Bedroom Yellow House in Old Town Reduces to $1.725 Million: 314 W. Menomonee
This 3-bedroom house known as the “Yellow House” at 314 W. Menomonee in Old Town came on the market in February 2025.
Built in 1875, it is a landmarked home in the Old Town Triangle historic district with brick sidewalks out front and a white picket fence.
The house is on a 34×60 lot. It has south, west and east views and tandem parking.
We chattered about it in March 2025 after it recently came on the market.
The listing says the Yellow House is on the market for the first time in 25 years.
If you recall, the listing says it has no adjoining neighbors which provides unique sunshine from early morning till late evening.
It also has a secret garden which was a 3 time City of Chicago garden contest winner. The secret garden has been featured on the Old Town garden tour.
The first floor is the living room, dining room and an eat-in kitchen with white appliances.
The second floor has a family room with a wood burning stone fireplace and three bedrooms and 2 full baths.
There is a primary suite, which is unusual in older homes, with a walk-in-closet and an en suite bath with a claw foot tub and skylight.
The basement has a recreation room and storage.
The house has central air.
The listing says the house is in the Lincoln School District. It’s also near all the shops and restaurants on Wells Street in Old Town as well as the rest of Lincoln Park.
Listed in February 2025 at $1.899 million, it has now been reduced to $1.725 million.
Inventory remains low.
What will it take to sell this property?
Hadley Rue at Dream Town still has the listing. See the pictures and floor plan here. I also recommend checking out all the historic pictures of the home in the listing (hint: it wasn’t always yellow).
314 W. Menonomee: 3 bedrooms, 3 baths, single family home, 2800 square feet
- Sold in August 1996 for $395,000 (per Zillow)
- Sold in November 1998 for $550,000 (per Zillow)
- Listed in February 2025 for $1.899 million
- Reduced
- Currently listed at $1.725 million
- Taxes of $18,412
- Central Air
- Lot: 34×60
- Wood burning fireplace
- Tandem parking
- Bedroom #1: 11×12 (second floor)
- Bedroom #2: 9×9 (second floor)
- Bedroom #3: 11×14 (second floor)
- Kitchen: 8×22 (main floor)
- Breakfast room: 7×7 (main floor)
- Dining room: 12×13 (main floor)
- Living room: 12×29 (main floor)
- Foyer: 8×13 (main floor)
- Family room: 19×19 (second floor)
- Walk-in-closet: 8×7 (second floor)
- Recreation room: 19×17 (basement)
- Storage: (basement)
- Side yard and secret garden
Think the RF agent comment nails it:
“Located in the heart of Old Town Triangle, this location can’t be beat. Outstanding curb appeal. Smaller than expected and many buyers may wish to do some interior work. ”
“some interior work” = new kitchen, new primary bath minimum. I’d additionally want to: refinish floors and doors, get rid of the (imo, ugly) stained glass, redo/remove fireplace, create new 3d br out of family room and reallocate tiny 3d bed to primary suite and add upstairs laundry.
Still with the SF–listing sez 2800, FP shows 2153 (plus some storage and understair area) which is why it is “smaller than expected”.
“ the listing says it has no adjoining neighbors which provides unique sunshine from early morning till late evening.”
That’s a fancy way to say you’re on an alley
This is grossly overpriced. It needs about $400k worth of work or a $600k
“Still with the SF–listing sez 2800, FP shows 2153 (plus some storage and understair area) which is why it is “smaller than expected”.”
You can get a townhouse nearby for much less with similar square footage. I realize that’s not a SFH and not one as historic as this one, but the premium is still really high on it.
“That’s a fancy way to say you’re on an alley”
In the city, this is not a bad thing. It does provide more light and that’s rare unless you buy up 5 properties and have “land.”
But, as I have mentioned in the past, there is a lot of stuff that happens in alleys. It’s bizarre, but true.
“ But, as I have mentioned in the past, there is a lot of stuff that happens in alleys. It’s bizarre, but true.”
Yet you freaked out when I mentioned that people micturate in alleys and that rats are know to live there
Weird
“That’s a fancy way to say you’re on an alley”
bc one of the exposures is due to the side yard/”tandem” [note: BS, unless it’s a Fiat 500 and a Mini] parking pad, it could just as easily be a street corner rather than an alley corner.
It is of course an alley corner.
Two price drops since we last discussed it. Now listed for $1.675 MM. Don’t know that knocking off $50k will do it.
SOLD – for $1,605,000
Thanks for updating this Bluestreak. It took a LONG time.