Vintage 3-Bedroom Along the Lakefront Reduces $50,000: 3800 N. Lake Shore Drive
This 3-bedroom in 3800 N. Lake Shore Drive in East Lakeview came on the market in February 2024.
Built in 1927, 3800 N. Lake Shore Drive has 91 units and valet leased garage parking. It has a semi-private elevator with only 2 units per floor.
The building is “full service” and has a landscaped yard/garden with seating and grills, an exercise room, bike room, dog run, package room, EV charging, on-site manager and engineer but no door staff.
There are also some unique amenities such as free heated garage parking for guests and 1 car wash per week.
This unit has many of its vintage features including a barrel arch foyer, high ceilings, millwork moulding and trim.
It has hardwood floors throughout and a carved stone fireplace in the living room.
The listing says it has “large upgraded windows.”
The unit has a separate dining room.
The kitchen has white stacked custom cabinetry, “crisp” granite counter tops, a “newer” Bosch refrigerator, dishwasher and GE induction range along with a breakfast space that can fit a small table and chairs (according to older listing pictures).
The three bedrooms are each en suite, have brand new ceiling fans and remote control window treatments.
The unit has central air, a brand new separate full size GE laundry and on-site garage parking is available.
The listing says it has “all new electrical wiring/upgraded 100 AMP service” and the HVAC was replaced last year.
This building is near the shops and restaurants of East Lakeview, jogging and bike trails, and the lakefront, including a golf course.
Listed in February 2024 for $849,000, it has been reduced to $799,000. That’s just $50,000 above the 2020 sales price.
Is this a deal?
Frank Jeffery and Melinda Jakovich at Compass have the listing. See the pictures and floor plan here.
Unit #14D: 3 bedrooms, 3 baths, 2200 square feet
- Sold in February 1994 for $266,250
- Sold in June 2000 for $469,000
- Sold in March 2007 for $627,000
- Sold in May 2013 for $570,000
- Sold in December 2020 for $749,000
- Listed in February 2024 for $849,000
- Reduced
- Currently listed at $799,900
- Assessments of $2063 a month (includes heat, cable, exercise room, exterior maintenance, lawn care, scavenger, snow removal, Internet)
- Taxes of $11,692
- Washer/dryer in the unit
- Central Air
- Fireplace
- Storage unit: 6×5
- Bedroom #1: 18×12
- Bedroom #2: 17×11
- Bedroom #3: 14×11
- Living room: 18×30
- Dining room: 15×20
- Foyer: 7×15
- Breakfast nook: 10×10
- Kitchen: 12×13
Cool old building with a quirky layout. Kitchen is a mess
Seems like a pretty steep premium for reasons – https://www.zillow.com/homedetails/3800-W-North-Ave-Chicago-IL-60647/3714266_zpid/?
IMO Pretty difficult to argue that its 50% Nicer
Also not sure whats going on with the building but 13D is a hot mess
I see more cuts in its future unless thay find the unicorn of someone that has to be here and is ok with losing money long term
“a pretty steep premium for reasons”
Hmmmm, let’s guess. I’ll go with:
14D seller paid $749,000
5B seller paid $285,000
Nice looking place. Has an NYC vibe to it. Once again high assessments.
Beautiful interior and I love this building but having no real lake views is a disappointment. Most units in the building don’t, unfortunately. I don’t think I could get over how the view looks at that ugly 50’s building right across from the living room. Kind of ruins it for me.