Vintage Greystone Beauty in Andersonville: 5336 N. Glenwood
How popular is the vintage single family home in Andersonville in this market?
We’re about to find out as this renovated 1905 greystone has hit the market at 5336 N. Glenwood.
Here’s the listing:
CLASSIC CHICAGO GREYSTONE RENOVATED TO PERFECTION IN 2000 IN HEART OF ANDERSONVILLE. FOUR BEDROOMS (ONE USED AS A LIBRARY), MASTER HAS HUGE CEDAR W/I. KITCHEN W/SUBZERO, VIKING, FRENCH DOORS TO BACK DECK AND TWO CAR GARAGE.
2 WBFP. HEATED FLOOR IN MB. ROOMS WIRED FOR SOUND. HEATED GUTTERS. SKYLIGHTS. FANTASTIC REC ROOM AND STORAGE SPACE IN BASEMENT. WALK TO SHOPS, RED LINE.
India Whiteside and Maureen Murnane at Coldwell Banker have the listing.
See more pictures and a virtual tour here (be sure to check out the wood beamed ceiling and exposed stone basement.)
5336 N. Glenwood: 4 bedrooms, 3.5 baths, 2 car garage, no square footage given
- Sold in December 1996 for $297,000
- Sold in January 2000 for $493,000
- Currently listed for $1.05 million
- Taxes of $9,238
- Central Air
In today’s market, wouldn’t make more sense to have kept it as a two-flat (I’m assuming it was one, rather than a rowhouse)?
Great, another million dollar place for sale.
looks like a decent enough job (just from those two pics). however, Glenwood is mostly two/three-flats and a few bigger apt./condo buildings. Plus it’s fairly busy. May be a tough sell for that reason.
move it one block over the lakewood or Wayne and it would fly.
nice home. seems like a lot, price wise, for Edgewater but what do I know.
As the reality of the wealth destruction take hold and credit rates rise despite a 1% or even 0% fed funds rate, more $1M homes will come on the market only to be knocked down in price later as interest rates rise (and corresponding monthly mortgage payments) and home prices return to their long term relationship with incomes. Welcome back 2001 pricing. Apparently the “wealthy” were just holding artificially inflated assets and weren’t really wealthy. WIth nominal priced debt and deflating real asset prices one’s wealth disappears quicker than it appeared…combine that with rising credit interest rates and the hope of cashing out becomes not just a sprint but a sprint marathon to the bottom. I have already written off 2009.
I wonder how complete a gut they did on the inside of this thing. If they leave too many of the former walls in place it can really result in a poor floor plan
$1mm with an unfinished basement? Are they crazy?
S–you’re being WAY too charitable calling it a “wood beamed ceiling”; that’s exposed floor joists. Means that every sound in the basement can be heard on the main floor (I know–I have the same sort of unfinished basement. I also really enjoy the bricked in window.
Also, as much as I like hot water heat (love it lots), having all baseboard heating is not very effective and uses up (I think) more space than traditional radiators b/c you need to keep furniture away to maintain convection.
“too many of the former walls in place it can really result in a poor floor plan”
I can’t figure out the layout, esp. w/r/t the location of the bathrooms. It also seems that there are a couple of really narrow rooms that wouldn’t be too useful.
I love hot water heat too; I’ve seen low profile 3″x1″ or so baseboard systems, but I don’t know how effective they’d be in our winters. It’d be better to have gone with say Runtal in tight spaces or radiant. A lot of people installed convectors on steam systems in the 50s, to make them look more modern, but they are terrible unless the system runs constantly (they are OK with hydronic heat though), since they don’t hold any heat, which the cast iron radiators do. Same problem with the Runtal steam radiators, so much so that some buildings have banned them.
Where’s the character?? The thing that typically makes a vintage greystone more appealing than all this new construction is the details. This place looks like a typical northside new construction stuffed inside an old greystone. That’s sad.
“LJ on November 21st, 2008 at 2:25 pm
Where’s the character?? The thing that typically makes a vintage greystone more appealing than all this new construction is the details. This place looks like a typical northside new construction stuffed inside an old greystone. That’s sad.”
I think you have to realize that many of these old places were “modernized” during the 50s and 60s, so the original elements were probably not in place anyhow.
Looks like a nice place. I actually like the basement, but the “wood beams” comment is bit of a stretch. I don’t think it is over priced for the area being right off Clark Street near the shops.
Looks like a nice place but who’s got a spare million laying around?
$520,000
wait, I didnt realize this was in andersonville.
Fair Value = $400,000
These Realtors are known for inflating prices and greatly “embellishing” features. The seller is a developer who works in tandem with these Realtors. Together they have inflated the entire neighborhood, and hold much of it themselves.
Notice there is no square footage listed…
I believe a sale is pending now and it won’t go for less than 925,000 imo. The place is really impressive, really great location, near transportantion etc.
There was a recent article in Time Out Chicago that touted Andersonville as the strongest market right now in the worst of times. This was unanimous with all Realtors. I live in Andersonville, I just refinanced without any hassles and a 1% loss in assessed value from three years ago.
Who’s guilty of price manipulating more, this forum or the seller? if you bought this for $400,000 you would have immediately made $525,000. They are just asking
for maybe 75,000 above a palatable price in this market.
Sold June 2009 for $960,000
Check out this very similar conversion which just sold for $1,075,000.
http://www.redfin.com/IL/Chicago/5437-N-Wayne-Ave-60640/home/13401797
I love looking at how much the developer bought the original 2 flat for, and then guessing what he/she put into it…..