The Gold Coast 2-Bedroom Carriage Townhouse: 29 W. Chestnut
This 2-bedroom historic carriage townhouse at 29 W. Chestnut in the Gold Coast has been on the market since June 2010.
In that time it has been reduced $150,000.
The carriage townhouse is three levels with the kitchen and dining room on the main level, the living room on the second floor and the two bedrooms on the top level.
It also has a unique, almost New Orleans style, secret courtyard.
It has central air but parking is leased nearby. The listing doesn’t say anything about a washer/dryer in the unit, but I’m assuming it has it.
The kitchen counter tops are soapstone, there are stainless steel appliances and a wine fridge.
It also has skylights.
Shannon Harrigan at Dream Town Realty has the listing. See the pictures here.
Unit #3: 2 bedrooms, 1.5 baths, no square footage listed
- Sold in April 1989 for $225,000
- Sold in October 1997 for $276,500
- Sold in September 2002 for $450,000
- Originally listed in June 2010 for $649,000
- Reduced several times
- Currently listed for $499,000
- Assessments of $121 a month (includes water and snow removal)
- Taxes of $5908
- Central Air
- I am assuming washer/dryer in the unit even though it’s not listed
- No parking- leased nearby
- Bedroom #1: 14×12 (third floor)
- Bedroom #2: 12×10 (third floor)
Is this carriage unit zoned for horse parking?
Given the location, more like ho’s parking.
Prior chatter:
http://cribchatter.com/?p=6077
but the realtor said they won’t take under 790k!
lolz
I could see living in a high rise in this immediate neighborhood (but not for long), but for this type of property, I’d want to be north of Division. The Dearborn to LSD/Division to North Ave hood just seems much more desirable in terms of long term residential quality of life.
I think the revolving door of large realty firms with properties like this is hilarious. Its like wheel of fortune for the RE firms–whichever one has the owner after they capitulate might see a big payout. Then again they might not depending on degree/ability of capitulation.
“Prior chatter:
http://cribchatter.com/?p=6077”
Actually, not sure it’s the same unit now after looking at photos/details.
a smart man is bullish on housing
http://www.businessinsider.com/pershing-square-capital-time-to-buy-into-the-american-dream-2010-12#-1
I hate to say it, but I think the price for this place has a lot farther to fall. I’m guessing it goes in the $375k range.
Prior unit is not this unit now advertised. Current unit has no street frontage; it’s totally surrounded by other units and two small interior courtyards. The courtyards are shared by all units, and is not exclusive domain of this unit. Not a place for a backyard barbeque. Not for kids either, though current owner has two. Still very over-priced, but would make an interesting gut-rehab project.
Hey DZ,
I just sent you an e-mail to your hotmail acct.
why isn’t this considered a co-op?
“I could see living in a high rise in this immediate neighborhood (but not for long), but for this type of property, I’d want to be north of Division.”
Good luck finding this type of property for a half mil north of division.
The rooms seem awkwardly laid out. Long and skinny living room. This is for someone who really cares about neighborhood cache and values that over actual living space/comfort. This is for someone who really wants to say…”I live on the Gold Coast.” Because apart from that, there is no value here.
C : Enter
The ’97 price + (CPI +50 bips) = $401k (ha!). Which seems about right, maybe +$20k for the newer kitchen.
Also, the 89->97 appreciation projected forward to now is $428k.
Hate what was done to the interior… clean-walled and modernized to death.
Have no idea on the price, but $400K feels right for this neighborhood.
“It also has a unique, almost New Orleans style, secret courtyard.”
It’s not a secret if it’s advertised across the internet, etc.
Love the area, don’t love this unit.
Agree about the odd layout and disagree that it would make a good gut rehab project. For a gut project to be successful (and sellable) the walls, esp on a place of this age, need to be located in the right spot to begin with. Possible, but hard, to move walls in these types of places without doing major structural work…the renovator would end up with 0 profit for a lot of work.
Also, for half mil and in this area, it shows very poorly.
Is there any other city in the US with so many “couch house” conversions that still feel like garages? The low ceiling and layout in that kitchen give me the creeps.
“Is there any other city in the US with so many “couch house” conversions that still feel like garages?”
How many other US cities have as many “couch houses” (or even coach houses) to convert? 2? 3?
What did the 2008 listing sell for?