This 2/2 With Dead On Lake Views Is Listed At Just $175,000: 6145 N. Sheridan In Edgewater
This 2-bedroom on the 29th floor of The Tiara at 6145 N. Sheridan in Edgewater has been on the market since August 2011.
Built in 1970, The Tiara is a full service high rise directly on the lake with a rooftop pool, doorman and parking.
This unit has dead on lake views from a 16×5 balcony.
The kitchen has maple cabinets, granite counter tops and white appliances.
I couldn’t find a washer/dryer in the listing but a Redfin agent left a note saying that there was a w/d in the kitchen.
The unit doesn’t have central air, but it does have wall units.
There is also garage parking.
Originally listed at $215,000 in August 2011, it has been reduced numerous times and is now listed $15,000 under the 2009 purchase price.
At 1500 square feet, this unit is now listed at just $117 a square foot.
Is this a deal?
Leigh Marcus at @Properties has the listing. See the pictures here.
Unit #29C: 2 bedrooms, 2 baths, 1500 square feet
- Sold in November 1995 for $70,000
- Sold in May 2003 for $197,500
- Sold in September 2009 for $190,000
- Originally listed in August 2011 for $215,000
- Reduced in February 2012 to $199,900
- Reduced
- Currently listed at $175,000
- Assessments of $599 a month (includes cable, pool, exercise room, doorman)
- Taxes of $2956
- No central air- wall units
- Washer/Dryer in the unit??? (sounds like from Redfin agent’s notes there is one)
- Bedroom #1: 17×12
- Bedroom #2: 13×11
My guess is its behind those shutter-like doors in the kitchen picture, opposite the dish washer.
“Washer/Dryer in the unit???”
Good price, and I love the lake views, balcony and pool. Not crazy about the neighborhood. Mostly because it’s so dull. Also, it seems like a lot of windows in this unit look not at the lake, but into other buildings. I also wonder what the special assessment would be if the lake ever rose back to the levels it was at in the late 1980s, when flooding became an issue in this area. Seems like there’s not much protection against rising waters.
If they’d have started at $190 (what they paid), they’d have sold it by now for more than they are currently asking.
I still think the price is a little high. These buildings just aren’t appealing. They are showing their age. My grandpa lived in a one-bedroom (900 square feet) a few buildings up the block. It was a corner unit with a gorgeous lake view. It sold for less than $70k last fall. I’m guessing $150k gets this place sold if they are lucky… $125k is a lot more likely, unfortunately.
Here’s an unrenovated 2/2 at 6325 N Sheridan for just 85K.
Condo fees are $781.
RE taxes are $2400.
http://www.redfin.com/IL/Chicago/6325-N-Sheridan-Rd-60660/unit-1802/home/13412829
Agree with Jenny. Edgewater is mostly a moderate income neighborhood, and this building is dull and boring.
Oh my gosh these comments are so stupid. I feel like I am in an experiment like the Truman Show…….except instead of actors I am surrounded by Canadians.
“$125k is a lot more likely”
No, it’s not. 6A sold in July for $140k, and 8A last Nov for $175. This place looks a lot nicer than 6A, and doesn’t have a primary view of the 5th floor roof.
Also, note that the “rooftop” pool is on the roof the (presumed) garage, and so more like 40′ above the lake, than 300′. Which makes it more usable, more days.
Oh heavens!! “moderate income…dull…boring”. Hey Sabrina how did your blog get so infested with sillly entitled elfs like Laura? How about a cribchatter for the 99%?
I think it’s lovely. Perfect for empty nesters.
“sillly entitled elfs like Laura?”
Laura prefers the excitement of Rogers Park. Not enough chance of a mugging in Edgewater.
That seems on par with other buildings in the area. for a 2br the assessments actually might be considered “good” IDK. I was under contract on 6033 26b, a 2br/2ba end unit directly ON the lake as well, at ~175 but pulled out. We looked over the Tiara what was available but never actually bothered to go in the building (i don’t remember why we ruled it out but I think it had to do with heavier restrictions on rental ability). The unit went under contract again almost immediately so it’s probably going to go for about that price anyway. That unit did have central air, this one does not. That was also 1700sf, and also had about 30′ more balcony space w/ the unit in 6033. Both similar levels of renovation.
(Is the board as over the top old school? probably cannot possibly be as bad. I could deal with vintage building, but the boards seem to be just as vintage in thinking.)
W/D in unit is the best selling point here if that’s really the case, that seems to be rarer in these buildings.
this building doesn’t allow rentals IIRC.
Marcum, how would you describe the typical income level of most of the residents?
@anon. If Laura comes to RP. I’d be glad to supervise the mugging.
Marcum:
too far, imo. Too far.
My grandpa’s building had a mix of elderly people who had lived there since it was built, Loyola students, strange religious people (weirdos covered in strange all white gowns), a few middle class people looking to save, and a few “poors.”
“too far, imo. Too far.”
Without question. Nor is what I understand as the factual basis of the comment accurate.
To “Marcum”, who labeled me a “silly, entitled elf”.
FYI, I live in Rogers Park and am looking to buy in Edgewater.
I am also a moderate- income earner, so please just stuff it regarding my sense of entitlement. Also, I’m looking to pay considerably LESS than $175K. I’m looking at 20s-vintage units around $100K so I can pay off the mortgage in less than 5 years by dint of spending less than $2000 a month on living expenses. I own no car, spend almost nothing on entertainment, buy clothes at consignment shops when I buy them at all, eat on less than $80 a month, do not own a single Apple gadget, wear coats for 7 years or more, and haven’t had an out-of-town vacation for 10 years.
You, Marcum, are a rude, nasty, name-calling troll of the sort that wrecks the tone on every blog he comments on and is one of the millions of similar people who have lowered the level of civility in this country to that of a bunch of drunk high school boys hanging out at a small town drive-in restaurant on Friday night.
Wow Laura. What an insightfully crafted slap in my face. I live in Rogers Park too! I like your style! Busy Friday night?
Laura,
I’m curious how one can eat on just $80 a month. That’s less than $3 a day. I guess if you have cereal and peanut butter for every meal, it’s possible.
we recently bought a unit in this bldg. so far it has been very nice., the neighborhood is lovely & a good place to take walks. the view is fabulous. we about 1500 sq ft ceramic tile in baths & kitchen. a lovely pool, parking, laundry room. Yes window a/c, but we ony had it on when it was extremely warm & then only for a few hours a day. It is comparable to other condos in the area. we did look at quite a few.
Dan, I eat a lot of fish and chicken and veggies and dairy products, but I eat very small and buy almost all food at Aldi’s, going to Dominick’s or other mainline grocery stores only for stuff that can’t be had at Aldi’s, or big grocery items like detergent or cat litter, that I need delivered because they are too heavy for me to carry home.
A woman in my age bracket doesn’t need much food- I try to stay under 1000 calories a day- and it’s amazing how much you can cut the cost of your groceries by spurning packaged foods and cutting out the red meat, another thing most people my age are better off without.
More power to you, Laura. Not only is your diet low cost, it’s also good for the environment. If everyone tried to consume less food, imagine how much greenhouse gas would go down and how much energy would be saved.
Of course, I can’t speak as you do. My 12-year old and 9-year old sons eat a ton. So we’re definitely not on the responsible side of the ledger. And we tend to shop at Whole Foods and PeaPod rather than Aldi. And we eat out too much. At least we try to eat healthy and cook our own meals 4-5 nights a week.
Dan, your responsibility to your kids comes first. There’s nothing irresponsible about making sure your boys have the nutrition they need, and a couple of growing boys need a LOT of good, solid food, including meat.
And, anyway, I don’t really deprive myself of much. I manage to slip a lot of shrimp and salmon in. I just make sure I don’t spend more than I have to and I shop relentlessly for the best deal.
jenny wrote:
My grandpa’s building had a mix of elderly people who had lived there since it was built, Loyola students, strange religious people (weirdos covered in strange all white gowns), a few middle class people looking to save, and a few “poors.”
Ha — I’m pretty sure that’s my building and it’s hilariously on-target. Careful on the weirdo part — I’m guessing that you’re indirectly referring to this place: http://www.yelp.ca/biz/ismaili-center-chicago-chicago
In my experience, most of them are wonderful people.
Expanding on that, I’ve found the building to be wonderfully diverse (unlike most of Chicago, which is pretty checkerboarded).