Trying to Make Some Money in Old Town: 1546 N. Orleans
Anyone who has ridden the Brown Line knows 1546 N. Orleans – as it’s hard to miss the mid-rise building which is near the El tracks by the Sedgwick stop in Old Town.
This 2-bedroom unit has been on the market since July. It appears from the pictures that the balcony faces west.
Here’s the listing:
Ideal Old Town penthouse! 2 bedroom/2 bath granite kitchen with breakfast bar, cherry cabinets, stainless steel appliances, slate master bath with double vanity, huge shower with body sprays, marble second bath, hardwood floors, 12 foot ceilings, gas fireplace, balcony, laundry, professionally organized closets, built- in cabinets, floor-to-ceiling windows, cityscape view!
Heated garage included! “El”, fine dining, and shopping outside your door! The perfect unit! Assessment includes heat, air, water, satellite TV and internet!
Aaron Share at Koenig & Strey has the listing. See more pictures here.
Unit #1002: 2 bedrooms, 2 baths, no square footage listed
- Sold in April 2004 for $365,000
- Sold in December 2005 for $378,000
- Originally listed for $449,900 in July 2008
- Reduced several times
- Currently listed for $399,900 (looks like it includes the parking)
- Assessments of $532 a month
- Taxes of $5,272
good location, reasonable price. needs some rugs. i like this one.
OOPS! Shoulda priced this one 399K back in July. Will be lucky to get 350K now.
Note that the rooms are absolutely tiny. 19×18 living room/dining room combo? 14×12 master bedroom? That’s atrocious. Look for this one to lose money!
how is that small? average bedroom size for a condo in chicago under $500k is 12×12, and the liv/din room is fine too. The dues for the building suck and the taxes are a tad too high.
Agreed. My bedroom is 12 x 12 and fits a Queen size bed and other furniture. Dues are high for new construction that’s not River North/Streeterville, even when you take the heat, a/c, and Internet access into consideration. This would be a good one at 370/375.
May go check this out this weekend, and if we like it, put an offer in at $350 to see if they’re looking to get rid of it quickly.
Living room looks miniscule.
Small? These are standard room sizes. If you want larger buy a house in Gurnee.
I’m not that excited about this location, it is right off the corner where the L tracks turn west and it is basically on North Ave, you don’t really get the nice tree lined feel of the neighborhood 1 or 2 blocks north of here.
The outside of the building looks awfully bland. It would make me want to think twice about even looking inside.
For the right person, it’s a nice location. Very easy downtown commute with the Brown Line around the corner. You’ve got a video rental on the first floor, a Walgreens, gym and movies across the street, all the restaurants nearby on Wells, and the strip mall next door has some basics like coffee, UPS, and a 24-hour Stop ‘n Rob bodega.
I’m the agent for this and just got a showing from this site, thanks!
FYI, the 2005 sold price doesn’t include the parking, the owner lived in a different unit in the building and kept his old spot.
Also, many finishes were upgraded post developemnt