We Love Authentic Lofts in Lakeview: A 2/2 at 1122 W. Newport
This 2-bedroom duplex down loft at 1122 W. Newport in Lakeview came on the market in September 2014.
It has the loft features that buyers like such as 14 foot timber ceilings and exposed brick.
The kitchen was updated by the prior owner and has modern cabinets and stainless steel appliances.
The master bedroom is in the lower level, which has a large master bedroom suite.
There is central air, washer/dryer in the unit and heated garage parking (a big sell during the winter months.)
Originally listed for $424,995 in September, it has been reduced $34,995 to $390,000.
At 1910 square feet, that is just $204 a square foot.
This unit is within a short stroll of Wrigley Field and Southport as well as the Red Line stop at Addison.
What will it take to sell this loft in 2014?
Brenton Goldman at Baird & Warner has the listing. See the pictures here.
Unit #1B: 2 bedrooms, 2 baths, 1910 square feet, duplex down
- Sold in September 1989 for $346,000 (could be a typo as the mortgage was much lower- maybe $246,000?)
- Sold in December 1999 for $253,000
- Sold in April 2012 for $337,500
- Originally listed in September 2012 for $424,995
- Reduced several times
- Currently listed at $390,000
- Assessments of $325 a month (includes snow removal)
- Taxes of $6180
- Bedroom #1: 16×20 (lower level)
- Bedroom #2: 17×10 (main floor)
Your square foot price is calculated incorrectly. You do NOT include BELOW grade sqfte. as the same as above grade sqftge. Living space in the basement should be considered separate due to having less light, bugs, damper, water leakage issues, etc…Plus the master bedroom is in the basement. If you ask me; totally undesirable unless your a troll.
the basement looks to have like 6′ ceilings max… that wouldn’t work for lots of people
Nothing says I’m a grown up like sleeping in your own basement.
“At 1910 square feet, that is just $204 a square foot.”
Basement space is worth at best half of what above-grade space is.
So this is really a 805 sq foot one bedroom with an 805 sq basement. And the only upstairs bedroom has no window? I can’t tell for sure, there’s NO PICTURE OF THE UPSTAIRS BEDROOM….
“Basement space is worth at best half of what above-grade space is.”
Better tell that to all the buyers of the “luxury” duplex downs they’re building all over Lincoln Park and Lakeview where all 3 (or sometimes even 4) bedrooms are in the lower level (aka basement) and they’re paying anywhere from $800k to $1 million for that privilege.
I guess they didn’t get the memo about basement space.
“Your square foot price is calculated incorrectly. You do NOT include BELOW grade sqfte. as the same as above grade sqftge. Living space in the basement should be considered separate due to having less light, bugs, damper, water leakage issues, etc…Plus the master bedroom is in the basement. If you ask me; totally undesirable unless your a troll.”
Someone better tell this developer, then, that their 2400 square foot duplex down in Lincoln Park that is listed at $949,000 with 2400 square feet is really just 1200 square feet.
And yes- all FOUR bedrooms are in the lower level.
Who knew it was so undesirable?
Huh.
But they keep building them like this…
http://www.coldwellbankeronline.com/ID/3858145
I was just in Glenview last night and saw they are builing condo on the “old” Avon sight. WTH? Really condos there? Or condos anywhere?
But like your question Sabrina about these duplex-downs. They wouldn’t be building them if idiots were not buying them.
Sorry if anyone thinks idiot is a harsh term, but if you bought a duplex that duplexes not a BASEMENT I don’t know what other word to describe you
Sabrina…the only reason developers are building expensive duplex down condos again is due to the demand again from sucker buyers in the north side for new construction cr*p. Buyers that buy duplex down units USUALLY get screwed on the value when purchasing brand new. They rarely resell for a profit. In fact, just like that shthole at 1550 W. Cornelia you were promoting located on a busy, nasty, dirty, noisy street like Ashland Avenue a few months ago; I can PROVE once AGAIN I am right on the $$$…and you have no clue. Want the facts? BTW…this Newport unit is not selling because the street floods right in front of 1122 and this peep has finished basement rooms.