The Tikki Bar And Jacuzzi Finally Sells in Southport: 1348 W. Addison
We chattered about this 3 bedroom at 1348 W. Addison in Southport several times over the last year.
See our August 2012 chatter here.
In August, we speculated as to who the target buyer might be with a bachelor being at the top of the list.
We also debated how much you’d have to earn to buy this type of property.
If you recall, it had 5 outdoor decks including one terrace measuring 20×25 and a private rooftop deck measuring 1400 square feet complete with a jacuzzi and a custom Tikki Bar.
The kitchen had espresso cabinets and upscale stainless steel appliances. It also had 2 inch concrete counter tops (instead of the standard granite counter tops.)
There were 2 master suites and a home theater in the 2400 square feet.
It had all the other features condo buyers look for including central air and washer/dryer in the unit. It also came with the coveted 2-parking spaces which will be helpful given the unit’s location down the street from Wrigley Field.
This is one of the few properties I’ve seen lately that has actually sold over the 2007 purchase price.
With the housing market improving, is this the start of a trend?
Richard Kasper at Conlon had the listing. You can still see the pictures here.
Unit #3W: 3 bedrooms, 3.5 baths, 2400 square feet, 2 car parking
- Sold in November 2007 for $800,000
- Originally listed in August 2011 for $899,000
- Reduced
- Was listed in December 2011 at $889,000
- Reduced
- Was listed in August 2012 at $879,000
- Sold in September 2012 for $840,000
- Assessments of $330 a month
- Taxes of $11,684
- Central Air
- Washer/Dryer in the unit
- 1400 square foot rooftop deck
- 5 decks total
- Bedroom #1: 16×13 (third level)
- Bedroom #2: 13×10 (third level)
- Bedroom #3: 16×16 (fourth level)
- Family room: 21×16 (fourth level)
Broker deserves every penny of his commission. I’m amazed this sold above 2007 price.
Damn, how am I going to get laid now?
Which Cub bought this? Seems like their players would be the target demo for this property…
Two posts today about Addision properties ~1 mile apart. I guess Sabrina caught the last Cubs game or something.
I don’t think ccrd has a correct 2007 price. MLS shows it was listed at $799,900 and a buyer could “CUSTOMIZE YOUR FINISHES NOW!”. Notable, too, that no roof deck was on that listing. MLS says it sold for $914,726 and that does jibe with the mortgage amount at 20% down.
nice location (except it’s on a main throughfare) and decent condo. This buyer will undoubtedly lose money if he sells in the next 10 years though.
G, you’re the best poster on this site.
new owner needs to replace those cheap bedroom ceiling fans.
new owner needs to replace those cheap bedroom ceiling fans.
Think they were going for the minimalist look here. Form over function for sure.
A friend of mine has similar ceiling fans (maybe the same ones, in fact) and they’re definitely not on the cheap end. As much as I like this condo, I wouldn’t pay that much to hear traffic most of the year.