The Pre-War High-Rise Family Home Steps From the Mag Mile: 222 E. Chestnut
This 4-bedroom pre-war condo at 222 E. Chestnut in the Gold Coast has been on the market about a year.
It has many of its original 1929 features including parquet floors, the original crown molding, picture framing and wainscoting, French doors, a wood burning fireplace and a butler’s pantry.
At 2750 square feet, it also has a full-sized dining room and a grand entrance foyer measuring 24×7.
There are only 2 units per floor in this building and only 46 total units.
The unit has North, South and West views.
It has central air but there’s no parking with the building. There is monthly rental right next door however.
There’s also no in-unit washer/dryer with this unit but some of the others appear to have it which means it is probably allowed.
The listing says it’s in the Ogden school district.
Originally listed in September 2012 for $890,000, it has been reduced $91,000.
Is this a good option for families looking for space in this location?
Mario Greco at Rubloff has the listing. See the pictures here.
Unit #12A: 4 bedrooms, 3 baths, 2750 square feet
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- I couldn’t find the last sale but it might have been in 1988
- Originally listed in September 2012 for $890,000
- Reduced several times
- Currently listed at $799,000
- Assessments of $1529 a month (includes heat, gas, doorman)
- Taxes of $8306
- Central Air
- No washer/dryer in the unit
- No parking- but rental next door
- Bedroom #1: 17×13
- Bedroom #2: 13×12
- Bedroom #3: 13×9
- Bedroom #4: 21×11
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It’s beautiful, and I would think it would have sold by now. It’s becoming difficult to find fine old vintage apartments that haven’t been compromised by renovations. But many people now simply won’t accept the costs of running these old buildings and also want everything to be in “move in” condition, which this place would be were it not for that horrid old kitchen.
Someone might even want to keep the ceiling frescoes that someone back there applied to the dining room and foyer ceilings, though those are totally dependent on personal taste.
A buyer with a lot of cash, and who’d rather rehab to her own taste than buy the seller’s reno, could drive a very nice bargain for this place and get a substantial further reduction in the price.