There’s Something About Pine Grove: 2910 N. Pine Grove
We’ve chattered about a lot of properties on Pine Grove- especially in the East Lakeview neighborhood.
This vintage unit at 2910 N. Pine Grove is another pretty property. Built in 1910, the courtyard building has 26 units.
The listing states that it has a sunroom/den in addition to the 3-bedrooms. It also has the original 1910-limestone fireplace, new wiring and new viking appliances.
Pam Lynch at Jameson Real Estate has the listing. See the listing and more pictures here.
Unit #2: 3 bedrooms, 2 baths, 2000 square feet
- Sold in March 1995 for $210,000
- Sold in August 2003 for $376,000
- Currently listed for $599,000
- Assessments of $523 a month
- Taxes of $5,045
- No central air – window units
- Rental parking nearby
Is it typical to have assessments of over $500/month for a place like this which probably doesn’t have 24 hour door-man?
I like this place a lot but $599k is asking a lot. I think $425-450k might be more reasonable. 2918 #3 was listed recently — wonder what happened there?
nice place, but it looks like they couldn’t figure out if they liked modern or traditional…
This is a beautiful place on a wonderful block, but $400K to $450K is more like it, given where I see Lakeview prices going these days.
I saw a 3 bed 2 bath, HUGE, gigantic rooms, needs cosmetic work, at the Barry, 3100 N. Sheridan Road, listed for $299K, when I viewed listings this weekend. About 1700 sq feet in a prime building in a prime location. I am seeing many others that are falling to the pale of reason- Lakeview is beginning to look appetizing.
Expect to see more price rollbacks and deals like the one at the Barry, and many others, as 2009 comes around and more foreclosures and job losses happen. 2009 is projected to be the absolute pit economically.
So people *still* think they can make money on their renos? Does anyone think they actually have even $500k (purchase price + reno) into it? More like the ~$450k suggested as reasonable, right?
overpriced. not enough ppl making enough $$.
hmmm $100K for refinished floors, new kitchen/baths, and wiring is my guess. Isn’t the owner entitled to $120K profit for living there for 5 years?
nice but overpriced.
“$100K for refinished floors, new kitchen/baths, and wiring is my guess. Isn’t the owner entitled to $120K profit for living there for 5 years?”
And, since the ROI for renos should be ~50%–especially if lived in *at all*–, really $170k profit.
Chris, 2918 #3 was purch 6/05 for $442,000; listed 9/14/07-2/25/08 for $465,000; 3/15/08-10/3/08 listed for $457,000 and reduced to $439,900. Both listings canceled. It was listed as an 1800 SF 2BR but with a “family room” instead of the 3rd BR in 2910. 2910 also appears to have an extra “9×10 den.”
Here are the last transfers I see for each unit in the association:
2910 N PINE GROVE AVE 1 8/1/2002 $420,000
2910 N PINE GROVE AVE 2 9/25/2003 $376,000
2910 N PINE GROVE AVE 3 8/8/1995 $218,000
2912 N PINE GROVE AVE 1 7/13/1993 $132,000
2912 N PINE GROVE AVE 2 5/23/2007 $305,000
2912 N PINE GROVE AVE 3
2914 N PINE GROVE AVE B 6/16/1999 $119,900
2914 N PINE GRV 1 11/3/1998 $205,000
2914 N PINE GROVE AVE 2 10/21/2004$323,000
2914 N PINE GROVE AVE 3 7/10/1987
2916 N PINE GROVE AVE 1 12/1/1986
2916 N PINE GROVE AVE 2 4/22/1993 $115,000
2916 N PINE GROVE AVE 3 8/1/2007 $315,000
2918 N PINE GROVE AVE B
2918 N PINE GROVE AVE 1 5/19/1989 $153,000
2918 N PINE GROVE AVE 2 9/5/2007 $401,000
2918 N PINE GRV 3 7/8/2005 $442,000
510 W SURF ST 1 3/22/2004 $555,000
510 W SURF ST 2 4/25/2000 $410,000
510 W SURF ST 3
516 W SURF ST 1 12/12/2006 $375,000
516 W SURF ST 2 5/19/2000 $292,000
516 W SURF ST 3 7/15/2002 $445,000
518 W SURF ST 1 9/15/1995 $206,000
518 W SURF ST 2 2/6/2008 $392,000
518 W SURF ST 3 1/30/2006 $400,500
G, many thanks for the information.
I’m ready to buy and I love this building and the entire area around it. But I would be reluctant to move forward with this unit because the owner’s pricing and my idea of realistic are just so far apart.
2918 #3 did in fact convert from a 3BR to a 2BR, but the original third bedroom was a tiny maid’s room located behind the kitchen. Opening it up was probably not a bad idea, although the results were maybe average. Incidentally, the second bath in that unit was inside the maid’s bedroom, making it less usable — I wonder if that’s the case for this unit as well?
I lived at both the Barry and 431 Oakdale around the corner. It is correct that the second bathroom is minute – room for almost nothing – as compared to the other two buildings and similar vintages. At Oakdale and Barry both my baths were ensuite and quite large with lots of original storage. The assessments are not that much lower here than at 431 Oakdale and those have new elevators, new windows, etc. 2BR/2Bath in that building just went for around $355 – this is WAY overpriced and there is no driveway to even pull your car in to drop off groceries – which both the Barry (with a doorman) and 431 Oakdale have – you risk a ticket and have to double park and block Surf here. The building is lovely but you can get much more for much less in the neighborhood.
This bldg appears to fall within the Surf-Pine Grove District designated by the Chicago Landmark Commission in 2007.
I think that the other listing had a floorplan on the tour, it would’ve been a maids room. Does this building have an elevator? I can’t imagine it would, big maintenance headache if it does, plus it’s not subject to the facade ordinance, which can mean big costs for repairs and inspections.
I looked at 2918 #3 back in 2005 and it wasn’t as nice as this — bad kitchen renovation — though did have central a/c.
The renovated, vintage 3 bedroom over at 552 W. Briar has central a/c, lower taxes and a fireplace that works. That one is now about $50k lower than this one. If the third bedroom is the same as in 2918, it’s a maids room off the kitchen so really this is a very large two bedroom. Should be at least $100K less.
Very nice place, but definitely over priced. I also don’t think people in that price range are going to be too happy of not having central air or parking.
I like your website, Edumakated.
Beautifully furnished. I always appreciate when people can take a Pre-War space and make it pop with contemporary decor.
But if they actually want to sell their home in this market, I’m thinking the price needs to be more like $359K. $599K is a total pipe dream.
Free staging advice. Smaller rugs so you can see the beautiful floors. Rotate the sofa and coffee table to face the fireplace. Leave red painting only and get rid of most of the tschockes on the mantle. Move the plant away from the fireplace and lose the chaise.
Paint the bedroom a more neutral color. Eggshell blue to cloying with the furniture and chandelier.
Then drop the price to low 400’s.
One more thing:
The chandelier in the dining room is too high and not directly centered over table. Move table. Possibly get a new chandelier which is darker.
Use red as the accent color through out the condo. Continuity of design will help.