The New Construction $1.5 Million 4-Bedroom Duplex Down in Southport: 1457 W. Roscoe
This new construction 4-bedroom duplex down at 1457 W. Roscoe in the Southport neighborhood of Lakeview came on the market in September 2024.
Built in 2024, 1457 W. Roscoe is on a corner lot on Roscoe and Greenview. It has 3 units and garage parking.
The listing says it is a full masonry and limestone construction by Surf Development.
At 3100 square feet, it “truly lives like a single family home.”
It has an extra-large floor plan with 10 foot high ceilings.
The home has extensive crown moldings, wainscotting, and millwork throughout.
It has 3.5″ white oak floors throughout.
The living room has a custom built fireplace mantel with a marble surround. There is also a fireplace in the great room with built-in bookcases.
The first floor has the living room, dining room, great room and kitchen.
The kitchen has white cabinets, an extra large quartz island, luxury appliances including Subzero and a 48″ Wolf range, Wolf microwave and Cove dishwasher.
The lower level has all 4 bedrooms, 3 baths and a second family room.
The primary suite has a “spa-like” bathroom with double vanity, separate steam shower, heated floors along with a walk-in-closet.
There are 3 outdoor spaces including over the garage and a private deck off the primary suite.
It has central air and washer/dryer in the unit on the lower level.
This building is near the Southport corridor including all of its shops and restaurants and also near the Southport Brown Line stop.
Unit #2 in the building is already under contract listed at $874,000. It’s a 3 bedroom, 2 bath at 1550 square feet.
You can look at those pictures here.
This unit was originally listed in September 2024 for $1,549,999, went under contract in October, but came back on the market with a $50,000 price cut at $1.495 million.
Is $1.495 million the new price point for a luxury duplex down in Southport?
Mary McCauley at Surf Real Estate has the listing. See the pictures and floor plan here.
Unit #1: 4 bedrooms, 3.5 baths, 3100 square feet, duplex down
- New construction in 2024
- Originally listed in September 2024 for $1,549,999
- Under contract in October 2024
- Re-listed
- Reduced
- Currently listed at $1.495 million
- It doesn’t list an assessment
- Taxes are “new”
- Central Air
- Washer/dryer in the unit
- Garage parking space included
- 2 fireplaces
- Bedroom #1: 13×13 (lower level)
- Bedroom #2: 11×10 (lower level)
That’d be a no from me, dog.
Basement is like a rooming house.
Pic 27–what? That shows one of the “3 private outdoor spaces”. WOuld be terrible as just the rear fire escape for the basement.
Listing makes it seem like only the primary suite and the bathrooms have radiant floors in the basement–maybe that’s wrong, but if it isn’t, it’s wrong in a different way.
Kitchen is fine, but I dislike the design accents–someone else will like them.
Why the 2d fireplace? Makes the fronch room too small.
Developer finishing the roof deck at this price, or is that a $200k project for the Buyer?
I was out the door at Duplex down for $1.5MM
Agree with TFO.
Thats not a custom mantle
Are all 3 units getting a stall in that garage? Thats a hard no
Theres no way that $50k stopped the original deal. I expect a couple more cuts
Sandwich unit is currently contingent at $875k:
https://www.redfin.com/IL/Chicago/1457-W-Roscoe-St-60657/unit-2/home/192591883
#3 also single floor, plus the private roof deck.
Also didn’t build per the plans they submitted to get the up-zoning.
Part of the proposal was to eliminate the driveway on Greenview:
https://www.44thward.org/wp-content/uploads/2022/03/1457-Roscoe_Revised-3.2.22.pdf
Yet, there is a driveway on Greenview prominently displacyed in Pic 30.
Also: what’s with the side balconies for the upper units?
Just to allow access to the rear balcnoy not thru the primary? A solution, but not very elegant.
Unless I’m mistaken 1.5M can still get you a respectable SFH in this area, no? Why on Earth would somebody take this over a SFH?
“1.5M can still get you a respectable SFH in this area”
Not much for sale recently for under $2m, but this closed last month:
https://www.redfin.com/IL/Chicago/1526-W-Melrose-St-60657/home/13381208
while it could use a little updating (and appears to have splitface sides), I would pick it 103 times out of 5 (five) over the featured condo.
it’s such a dog that no one else is commenting
no HOA listed unless it is the homeowners insurance number.
whomever buys this place needs to be ready to 2x budget whatever needs to be spent on common expenses so take your assessment multiple it by 2 and then multiple by 2 for any specials.
it’s the nature of living of a 3 unit building if this is going to be a self managed HOA.
you get one unit owner who doesn’t want to do a project like waterproofing etc, doesn’t pay their assessments, unit goes into foreclosure…it just basically sucks.
For multi unit dwellings like this I would much rather ( budget aside ) own a two flat four unit something myself otherwise be in a larger 25 plus unit building
“a two flat four unit something”
IMO, the ideal there would require 2 Chicago lots–full top floor, with 4 (or 6, with garden, or on a commercial street, taller, and 6+storefronts) rentals on the lower floors.
“Unless I’m mistaken 1.5M can still get you a respectable SFH in this area, no?”
Nope. Those days are gone. Need closer to $2 million for a SFH in Southport. Many selling in the $2s and the $3s now.
Might be able to move further west into Roscoe Village and get something around $1.5 million. Maybe.
Most people don’t realize how expensive it has become to buy a SFH in Lakeview. It’s rich people only.
“whomever buys this place needs to be ready to 2x budget whatever needs to be spent on common expenses so take your assessment multiple it by 2 and then multiple by 2 for any specials.
it’s the nature of living of a 3 unit building if this is going to be a self managed HOA.”
All of these small buildings are “self-managed.” Even 6 unit buildings are normally self-managed. This is new construction so you aren’t going to have to budget for much in the first few years other than garbage, landscaping and snow removal.
Most small buildings charge $200 a month to cover that stuff. When the building needs something more major like exterior maintenance, painting, new roof or garage door etc. then they do a special for it.
“Also didn’t build per the plans they submitted to get the up-zoning.
Part of the proposal was to eliminate the driveway on Greenview:
https://www.44thward.org/wp-content/uploads/2022/03/1457-Roscoe_Revised-3.2.22.pdf
Yet, there is a driveway on Greenview prominently displacyed in Pic 30.”
That really irks me. Does the city do any follow-up to see if it was built per plans? I have a real bone to pick with this building as they completely blocked the sidewalk on Greenview for months, even when there wasn’t a reason to really have it blocked. It sucked having to either cross or walk in the street around it. I hope they lose money.