Want Your Own Exercise Room? A 3/3 in East Lincoln Park: 335 W. Belden
This 3-bedroom duplex down at 335 W. Belden in East Lincoln Park came on the market in August 2018.
This building was constructed in 1911 and has 15 units and outdoor parking in the back.
The listing says this unit has been “renovated to modern perfection.”
Two of the three bedrooms are on the first floor with the third bedroom in the lower level.
There’s also some other unique features in the lower level, including an exercise space and a sauna, along with a family room.
The kitchen has modern dark wood cabinets with white counter tops and luxury stainless steel appliances.
There’s a limestone fireplace and concrete hearth.
This unit has the features buyers look for including central air, washer dryer in the unit and 1-car exterior parking.
It is in a prime East Lincoln Park location just steps from the Lincoln Park Zoo and the Lincoln Park Conservatory.
Originally listed in August 2018 for $985,000, it has been reduced $65,000 to $920,000.
That is $10,000 under the 2016 purchase price of $930,000.
Are prices in some neighborhoods past peak?
Emily Sachs Wong at @Properties has the listing. See the pictures here.
Unit #1: 3 bedrooms, 3 baths, 3200 square feet, duplex down
- Sold in March 1994 for $387,500
- Sold in July 2012 for $712,000
- Sold in October 2016 for $930,000
- Originally listed in August 2018 for $985,000
- Reduced
- Currently listed at $920,000
- Assessments of $1,066 a month (includes scavenger)
- Taxes of $15,363
- Central Air
- Washer/dryer in the unit
- Exterior parking included
- Bedroom #1: 13×15 (main level)
- Bedroom #2: 12×13 (main level)
- Bedroom #3: 11×20 (lower level)
- Exercise room: 13×16 (lower level)
- Family room: 13×21 (lower level)
- Laundry room: 6×12 (lower level)
Nice unit, too bad it doesn’t appear to have better outdoor space. That grilling space would be a deal-breaker for me. The renovation, while mostly nicely done to me, is sonewhat taste-specific and may not appeal to some buyers, especially those drawn to vintage buildings. I can’t help but wonder how great this place coukd look if some of that renovation money had been spent more on restoration than modernization though.
I can see the dryer lint build up in pic 30. Not only does that vent look awful, it’s functionally awful.
Anon – good catch. I’m pretty sure that vent is not even up to code. Thin foil mylar duct vents are easily compressed and also accumulate dryer lint rapidly, increasing risk of fire. Very cheap, dangerous solution. Eventual buyers should have seller replace that with a rigid metal duct with minimal turns, assuming the place hasn’t burned down by then.
Its a very nice duplex down but I’m pretty sure I could live in a lot of nice places that aren’t duplex downs for $6300 a month
what is up with that grill on the porch? its like 6″ off the ground lol
also gyms are super overrated as an amenity… I could join EBC or any of the other nice clubs in town for barely the cost of a parking space
In this unit its a decent use of a corner that probably wasn’t getting much use as is, but yeah… a duplex down @ 6300 a month… yikes
also a quick search yields a
Prior Value:71,370 (2017)
Current Value:85,998 (2018)
or a nice 20% increase in AV… if you use the same percentages you’re looking at a $18,447 yearly tax bill vs $15,363
so… $6550 a month I guess lol ouch
“a nice 20% increase in AV… if you use the same percentages”
Looking at the valuation stats ( https://www.cookcountyassessor.com/Resources/Valuation-Statistics.aspx ), I’d guess that the aggregate AV for residential will be up about 15%; obviously, the commercial/industrial assessment change will play a big role in what the final outcome is, but for this place, I would guess that the increase will be ~5% plus whatever percentage change in the aggregate levy (might be as much as 10%, minimum is ~3%). Were I looking at this place, I’d budget for 10% higher taxes payable in 2019.
Someone looooves themselves black cushions. And the last picture made me LOL, black cushion outside!
Back in 2012, we looked at a duplex up in the same building: https://www.redfin.com/IL/Chicago/333-W-Belden-Ave-60614/unit-3/home/13347959
I honestly don’t get the appeal of a duplex down and I don’t understand why more buildings don’t have duplex ups (duplexes up?).
“I don’t understand why more buildings don’t have duplex ups”
If the property is in an zoning district with a height limit or FAR that limits buildings to something like this–3 floors, plus a basement–you make more money with the duplex down and two upstairs single-floor units, as compared to either 2 duplexes, or a duplex up and 2 single-floors, including a garden/basement unit.
So, for it to make any sense, you need to be zoned for higher FAR and height that allows for 4 (or more) above the basement levels–allowing for a duplex up, a duplex down, and the sandwich one-level. You see it some places, usually along bus route streets.