We Love “1 Of A Kind” Lake Shore Drive Penthouses With Private Terraces: 3400 N. Lake Shore Drive In Lakeview
This 2-bedroom penthouse at 3400 N. Lake Shore Drive in Lakeview just came on the market.
The listing says the master suite and dining room have been featured in coffee table books and magazines (but remember, unless you negotiate it, the furniture won’t be there when you move in.)
It has wide plank dark wood floors and vintage trim and mouldings.
The kitchen has Boffi cabinets with professional appliances.
At 2100 square feet, it also has a 1000 square foot “fabulous private rooftop deck.”
But you wouldn’t know that from the pictures- as there isn’t a single one of the “fabulous” deck. You can only get a peek of it through the doors in the living room and master bedroom.
The listing also says there is a separate office with built-ins but it’s not listed as a room on the listing.
It has central air, washer/dryer in the unit and 2-car parking.
With everyone looking for 3 bedroom units, will $1.275 million be a hard sell for this 2-bedroom?
Emily Sachs Wong at Koenig & Strey Real Living has the listing. See the pictures here.
Unit #9C: 2 bedrooms, 2 baths, office, 2100 square feet, 2 car parking
- Sold in September 1997 for $320,000
- Sold in July 1999 for $474,500
- Sold in December 2001 for $1.065 million
- Lis pendens foreclosure filed in August 2010
- Currently listed for $1.275 million
- Assessments of $1312 a month (includes heat, a/c, doorman, cable)
- Taxes of $10,673
- Central Air
- Washer/Dryer in the unit
- 1000 square foot private terrace with city views
- Bedroom #1: 15×14
- Bedroom #2: 16×14
- Office??? (no listing of room size)
This listing irritates me so much.
So dark; so gloomy. And the kitchen just… oof. This is one of the most impressive vintage buildings on LSD in Lakeview, and the space is just…. bleh.
Also, why no pics of the “fab” terrace?
looks perfect for holding a black mass.
What happened between July ’99 and Dec ’01 to justify the price more than doubling?
I like the styling but could do without the crosses. It looks like the small office (which is in one of the pictures) is off the living room to the right of the fireplace. The office is small and cramped. Seems like a very high price for a 2BR condo.
I love it.
“Is it time for teh goat sacrifice, mommy?”
ummm i think you guys are missing the point!
you are knocking on the decor, in which i think is super fab, but the real question is the FORECLOSURE was filed in august 2010 and its almost 2013, so how is this place still inhabited?
and all you shadow inventory naysayer’s this is a prime example
I’ve heard that this is Kara Mann’s personal residence…true?
@Groove,
Banks and the Condo Association are letting people stay in the houses as long as they pay assessments and taxes. This way, the banks are just losing out on the interest payments and principal and are waiting for the market to come back to try and recoup some of the value.
Huge, high floor 2 bedroom, additional office, enormous terrace with city views, central air, washer/dryer, high end kitchen, high end bathrooms, two parking spaces… all in one of the best buildings on LSD.
Sign me up… then go get me twenty gallons of primer and paint from Farrow and Ball.
“Banks and the Condo Association are letting people stay in the houses as long as they pay assessments and taxes.”
yep that sounds about right, and goes with my shadow inventory conspiracy theory i have been spitting on Cribichatter since 2009
second question, Then who is selling this place the current inhabitant or the bank?
Groove, I also recall a comment on here downplaying the shadow inventory because of the tax consequences of a strategic default. Well, since 2009 loan forgiveness is not a taxable event-apparently unknown to the many experts spouting off on this little blog. And when that reg. is extended next year, shadow inventory will be amped up. Oh, the eternal optimists thinking the price decline has stopped.
Wow this place is amazing, with exception to the goth crosses all over the place (which won’t come with this unit), creepy! I would prefer some stain on those dark wood walls instead of black paint, but I still think it looks good enough, I’m sure its much better in person, love those wide plank walnut floors, so nice and that kitchen is ridiculously awesome, that shower in picture 11 is awesome as well, I love the doorless showers, assuming there is proper heated flooring and heat lamps and no drafts!
Assessments are pretty cheap for a vintage building like this as well.
I hate the abbreviations in this listing though, makes it hard to decipher wtf they are talking about.
Or you can live in a former part of the lobby for half the price. Unit GB
http://www.urbanrealestate.com/search/?address=3400%20N.%20Lakeshore%20Drive&clong=-87.645165&clat=41.953087&rmi=.5&ca=3400%20N.%20Lakeshore%20Drive
Listing fail for no photos of the deck.
I wonder how much a preferred penthouse in this building (one with a lake view) would go for? I’d be all over that.
Really nice floors.
No pics of fab terrace, because the terrace is not fab.
Ahhhh, a real penthouse with beautiful vintage details. I could quibble with the decor and the baths are much too much the latest trend destined to fade, but this is still one spectacular place in a beautiful building in a top neighborhood.
It’s also a rare place. Beautiful penthouses in lovely vintage buildings are rare. Notice that original configuration and lovely vintage millwork are still intact. There’s nothing that paint and changing out a few light fixtures couldn’t correct, if the decor does not thrill you.
I have a feeling it will sell close to or at the ask price.
This is in fact Kara Mann’s residence… in forclosure. Both beautiful and sad.
bathrooms have no storage area for anything.
What a fabulous home! It would be great to have it as is, with all the furniture and fixtures as shown. What a show place!
Your home can be featured in a coffee table book as well. It’s called snapfish. Upload a few photos and print yourself a photo book. As for magazines does Chicago Goth Home and Garden really count?
Like the space but think it comes in under $1m. Also i agree with Sonies on the look but showers with no doors are not meant for cooler climates.
Who is Kara Mann?
“Who is Kara Mann?”
A well known Chicago interior designer.
http://www.chicagomag.com/Chicago-Magazine/March-2007/Designer-Kara-Mann/
“This is in fact Kara Mann’s residence… in forclosure. Both beautiful and sad.”
From Crain’s:
A co-founder and president of a local company that helps companies improve searching within their websites is asking $1.28 million for a two-bedroom condominium in Lakeview. The seller, Adam Heneghan of Chicago-based elicit, did not return messages seeking comment. The 2,100-square-foot condo on Lake Shore Drive includes a large private terrace, an office and wide plank walnut floors throughout, according to a listing. Records show Mr. Heneghan paid $1.07 million for the unit in 2001.
Read more: http://www.chicagorealestatedaily.com/article/20121213/CRED0701/121219892/former-corus-ceo-lists-winnetka-mansion-for-9-75-million#ixzz2FGWe7MZO
Sabrina, that Crains link also mentions the latest re dealings of former Corus Bank CEO Robert Glickman, one of the villains of the credit bubble, ranking imho alongside Roland Arnall & Angelo Mozillo. Corus’ failure cost the FDIC ~ $1.7 billion.
As one historian writes: “Until 1935, the stockholders of a national bank were subject to a risk called ‘double liability.’ If their bank failed, they [the bank owners] were personally liable for the depositors losses up to the full, or par, value of their stock.”
Imagine what the lending appetite of Robert Glickman — or Angelo Mozillo, Roland Arnall, Dick Fuld, Jimmy Cayne, Jamie Dimon, et. al. — would have been if the double liability rule hadn’t been removed. It looks like Glickman, even after he wagered & lost $1.7 billion (a loss absorbed by taxpayers), will *still* have far more money than any chatterer will ever see. So he was perfectly rational to gamble with depositors’ money. Heads he might win; tails he wouldn’t lose.
As the nyt wrote in Sep 09:
“Whatever the outcome, Corus will go down as the great enabler of condo madness, and its travails are a harbinger of the pain yet to come in the troubled world of commercial real estate. More than any other condo lender, Corus epitomized the easy lending and lax oversight of the go-go years — and the pain of the ensuing bust.”
http://www.nytimes.com/2009/09/10/business/10corus.html