Unique Streeterville 1-Bedroom Penthouse is Back: 201 E. Chestnut
This 1-bedroom penthouse in 201 E. Chestnut in Streeterville just came on the market.
This building was constructed in 1966 and has 124 units and a rental parking garage.
If this penthouse looks familiar, that’s because it was last on the market in 2015 with the same finishes.
This is a unique 2-story 1-bedroom unit with, what the listing says, is a “brand new all of windows” which face south.
The unit also has a “brand new 8×10 balcony” as I believe the building replaced the balconies on the entire building. They used to have brick flooring and now it’s just plain concrete.
It has a glass barn door that separates the bedroom from the living/dining room.
The bedroom also has a walk-in-closet.
There’s granite flooring throughout the main floor.
There’s an iron spiral staircase that leads to the second floor lofted den.
The listing says there’s been updated HVAC and other mechanicals.
The kitchen has white cabinets, granite counter tops and Dacor, Miele and Subzero appliances.
The listing says its a pet friendly building with no weight or breed restrictions.
The unit has central air, washer/dryer in the unit and on-site garage parking is $156 a month.
It has listed at $450,000, which is $100,000 over the 2015 selling price of $350,000.
Will it get the premium?
Monica Slivka at @Properties has the listing. See the pictures here.
Unit #24F: 1 bedroom, 1 bath, 1111 square feet
- Sold in December 1996 for $168,500
- Sold in January 2015 for $350,000
- Currently listed at $450,000
- Assessments of $785 a month (includes doorman, cable, exercise room, indoor pool, exterior maintenance, scavenger, snow removal)
- Taxes of $6644
- Central Air
- Washer/dryer in the unit
- On-site garage parking is $156 a month
- Bedroom #1: 16×11
- Loft: 19×13
- Kitchen: 9×13
- Living/dining: 23×27
The inverse of Stevo’s napkin method sez this place is ‘worth’ about a $3k/month rent, including the parking. So, if the SF is about legit, not too far off a rental replacement.
BUT need to have a 10+ year horizon (imo), and reasonably believe you’ll be able to navigate the spiral steps for that period. OR enough $$ that the principal isn’t a big deal either way.
what?….sorry, I missed that. I was busy throwing up.
I wonder who thought that a sliding glass barn door was a good idea for the only bedroom?
This unit looks like it was designed to be the love nest for a Playboy executive working a couple blocks away. I can see him entertaining his “bunnies here.
“I wonder who thought that a sliding glass barn door was a good idea for the only bedroom?”
It was there in the prior sale too so it’s clearly been around awhile.
Yes, take the glass doors down to expand the overall living space and then make the loft the bedroom. Well and get rid of the overdone light fixture but have no idea what to do about the floors..(Floors like that seem like a funeral home) and the railing on the staircase.
It’s a fun/unique unit…you don’t see a duplex/ two story living room in this location for this price very often…. Also for rent for 3K/month
Sold! 421,500