Want 4-Bedrooms in the South Loop? It’ll Cost You Over a Million: 1438 S. Federal
This 4-bedroom townhouse at the Prairie Town Houses at 1438 S. Federal in the South Loop came on the market in September 2015.
This is one of only 8 corner L-shaped units in this complex. I’m not sure if the picture above is of this exact unit, but it’s a corner unit and they look alike.
Built in 1989, its on a 38×37 lot.
At 3400 square feet, it has more square footage than most single family homes.
The listing says it has been rehabbed recently and now has Trex flooring on the rooftop deck/porch, new HVAC and the kitchen has Viking appliances.
There are also custom cherry built-ins.
Three of the bedrooms are on the third floor with the fourth on the fourth level. The listing says the first floor garden suite could be converted into a fifth bedroom.
The townhouse also has a rare 2-car garage along with 2 more parking spaces on the parking pad for 4-car parking.
Originally listed at $1.345 million, it has been reduced $153,000.
4-bedroom properties are in high demand in the South Loop, and all over the Green Zone.
Why isn’t this one selling?
Thomas Bezanes at Jameson Sotheby’s has the listing. See the pictures here.
1438 S. Federal: 4 bedrooms, 3.5 baths, 3400 square feet
- There’s no original sales price listed in the public record. It has been the same owner since 1990.
- Originally listed in September 2015 for $1.345 million
- Reduced
- Currently listed at $1.192 million
- Assessments of $190 a month (includes exterior maintenance, scavenger, snow removal)
- Taxes of $12324
- Central Air
- 2-car attached garage and 2-car parking on parking pad
- Bedroom #1: 25×14 (third floor)
- Bedroom #2: 14×11 (third floor)
- Bedroom #3: 13×11 (third floor)
- Bedroom #4: 19×11 (fourth floor)
- Deck: 34×14 (fourth floor)
finishes are pretty low end for $1.2m.
Don’t see how this goes for > 1m.
Maybe because it’s nestled between two train lines? (or at least it appears so on the map) I’m not familiar with that specific location, so I don’t know how bad the noise is. Also, even though the space looks great, $1.2 million is a lot for a townhouse. Didn’t we see a very big, nice single family on Plymouth for just a little more than that?
This isn’t nearly as nice, but is 4 beds and under a million:
https://www.redfin.com/IL/Chicago/1826-S-Indiana-Ave-60616/unit-B/home/100386975
The federal st property is way better than the indiana street property.
its also 400k more… it better be
That’s really quite, um, unattractive even for a lot less.
“Don’t see how this goes for > 1m.”
We’ll see. The market is so weird, and the inventory is so low, it’s hard to know what things will sell for anymore.
The only comp in the last 6 months is this 3-bedroom. It sold for $910,000 in August. 4-bedrooms get a premium.
https://www.redfin.com/IL/Chicago/1416-S-Federal-St-60605/unit-B/home/86722276
Townhomes and SFHs sell for a premium in Dearborn Park. Curious to see how much this one ends up going for.
I love this 3 bed 3 bath that sold for $860k back in Sept of this year. Added bonus is that the property backs up to a private green space shared only by you and your neighbors.
https://www.redfin.com/IL/Chicago/33-W-14th-St-60605/home/14084117
This neighborhood is quiet and coveted. The price is high and could sell for $1MM, 1417 S Federal St. sold in October for $1.2MM and is a superior home. I am not a fan of the color schemes with these townhomes, from the outside they are woof.
@stephen – Agreed, some of the townhouses in DBP are not very aesthetically pleasing from the outside. However I love the red brick townhouse complex tucked in the SE corner of Clark and Harrison. The units are smaller but the architecture is interesting and the landscaping and shade trees throughout the complex are amazing.
Clark and Harrison? There aren’t any townhomes there? Do you mean Clark and Roosevelt?
@MJ – Must be, I really like the Red Brick townhomes and the groupings east of Plymouth. DBP1 and its white grouping is not the greatest, with the main reason for me being the parking lots in front of the units. I do own in DB1 as a disclaimer
@MJ, Doh! I meant to say Clark and Roosevelt – thank you for the correction. Yes the buildings east of Plymouth are nice. Agreed, the parking lots in front of the white townhomes in DBP1 is not the greatest, but the architecture itself isn’t bad, kinda has that mid-century vibe to it which is all the rage right now. I love the huge terraces.