The Rare 2-Bedroom Greystone Unit in West (Not East) Lakeview: 1737 W. Melrose

This 2-bedroom second floor greystone unit at 1737 W. Melrose in West Lakeview came on the market in April 2012.

It is rare to find a vintage greystone this far west in Lakeview. Most of them are near the lake front.

The building is also wider than the normal Chicago lot at 37.5×125.

This unit has many of its original features including original trim, pocket doors and a formal dining room with a built-in hutch.

It has both front and back decks.

The kitchen has stainless steel appliances, granite counter tops and cherry cabinets.

It has a washer/dryer in the unit and central air but no parking. The listing says parking is available to rent behind the building for $100 a month.

The unit has been reduced $7,000 in the month since it came on the market in April.

It is still listed $64,000 above the 2003 purchase price.

Will this sell for a premium over its last sale?

Lisa Borelli at Prudential Rubloff has the listing. See the pictures here.

Unit #2: 2 bedrooms, 2 baths, den, 1600 square feet

  • Sold in May 2000 for $308,000
  • Sold in July 2003 for $359,000
  • Originally listed in April 2012 for $430,000
  • Reduced
  • Currently listed at $423,000
  • Assessments of $136 a month
  • Taxes of $4250
  • Central Air
  • Washer/Dryer in the unit
  • No parking- but available for rent for $100 a month behind the building
  • Bedroom #1: 10×12
  • Bedroom #2: 10×10
  • Den: 9×10

 

6 Responses to “The Rare 2-Bedroom Greystone Unit in West (Not East) Lakeview: 1737 W. Melrose”

  1. Small bedrooms, no parking, but looks nice enough and I believe is just inside Burley’s boundaries. The comps here are all newer construction or big buildings, but they make this look maybe 5-10% overpriced. $380k or so would make sense to me here, for a vintage fan who wants to be in Burley.

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  2. Wow. Beautiful. I think the pricing is a little aggressive for vintage, especially with no parking, but I love the look of this.

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  3. Finishings are a little blah to me….not exactly Waterworks charm.

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  4. Shamalamadingdong on May 10th, 2012 at 4:24 pm

    Only five pictures for a property priced at $430k? What a slacker…

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  5. I cannot imagine that I would fail to notice if my property’s pictures were only partially presented on my realtor’s very own website. The 5 picture thing isn’t going to be helpful but there are more.

    http://www.urbanrealestate.com/property/1737-W-Melrose-Unit-2-CHICAGO-IL-60657-3MJJR3U7RBUZ4.html

    OK but certainly not great finishes but it’s way better to show what’s there than leave the impression that there’s a reason there are so few pictures. Nice woodwork!

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  6. Agree H. WTF is that agent thinking?

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