The Provenance: Good Building Priced Wrong in Edgewater
Maybe the name is a giveaway: “The Provenance.” There is something not right about that name in Edgewater. And if you walk up historic North Kenmore, you will stumble up on it and wonder, “why did they build this here?”
Located at 5230 N. Kenmore, the building looks out of place next to the more historic buildings. Apparently, buyers are saying the same thing because out of 20 units in the building, 16 of them are currently on the market.
And they’ve been on the market for over 14 months.
Maybe it’s the prices.
3 Bedroom units: 2 baths
- Prices from $429,100 to $554,350
- 11 units available
- Square footage ranges from 1528 to 2040
- Parking $26,000 extra
2 Bedroom units: 2 baths
- Prices from $319,800 to $355,360
- Square footage ranges from 1275 to 1322
- Parking $26,000 extra
One Bedroom Units: 1 bath
- Prices from $244,000 to $262,550
- 901 square feet
- Parking $26,000 extra
Am I missing something or are these prices what you’d pay to live in, say, Lakeview, Lincoln Park or in some buildings in River North?
Nice building + Over priced= No sales
Rubloff has the listings.