We Love Rooftop Terraces: Historic 1920 N. Seminary in Lincoln Park Returns to the Market
We last chattered about this 3-bedroom top floor duplex unit with a rooftop terrace at 1920 N. Seminary in Lincoln Park in October 2009.
See our prior chatter here.
We got into quite a discussion as to whether this building, the Seminary Flatirons Building, was actually listed on the national historic register as the October listing said it was (and there was a plaque on the building.)
In the current listing, there is no reference to the building being historic.
But it still has 12 foot ceilings and exposed brick.
The kitchen has white cabinets and white appliances.
All three bedrooms are on the second floor.
It also has central air, washer/dryer in the unit and garage parking is included. And, of course, the private rooftop terrace.
The listing price is the same as last October.
Ken Jungwirth at @Properties still has the listing. See the pictures here.
Unit #A: 3 bedrooms, 2 baths, 1550 square feet
- Sold in March 1993 for $236,000
- Sold in February 2001 for $385,000
- Originally listed in August 2009 for $575,000 (parking included)
- Reduced twice
- Was listed in October 2009 for $539,000 (parking included)
- Withdrawn
- Re-listed and currently priced at $539,000 (parking included)
- Assessments of $312 a month
- Taxes of $6173
- Central Air
- Washer/Dryer in the unit
- Bedroom #1: 18×15
- Bedroom #2: 14×14
- Bedroom #3: 11×10
Even with the rooftop deck, this is an expensive property.
Who will buy it? A first time buyer? Probably not.
Chicago housing market will continue to go down. Just wait till August and see what I mean.
Foreclosures will undercut this…
Would it kill them to drop the price even a few grand over the course of 6 months? They must be in no rush to get out (and at this rate, they probably never will).
It’s a “I hope I can sell it at this price” kind of seller….
Those people will always get burned. It’s too far west to command this kind of pricing for the space you get.
I don’t get this one. It doesn’t look like any substantial work has been done to this place since the 2001 purchase. This neighborhood was as good as it is now (i.e., no premium for sitting through gentrification). And, well, the market. So why does this seller think he/she gets to make over $150K?
I think it sells for $420,000-440,000. This price is absurd.
Unless you think its 1982, this place will need a lot of work.
Looks dated for 350 per square foot in a less then prime location. I agree with Dave M if not lower at 270 per square foot.
“Chicago housing market will continue to go down. Just wait till August and see what I mean.”
Will the market crash in August? Why August?
Dear god what’s going to happen in August????????!!!!!!!!!
That’s when sellers with kids freak out even more, because they wanted to move before the school year starts. Prices will fall because of that and also more bank inventory that is going to be flooding the market over the summer.
Interesting thought about moving before the school year starts. I think that mostly will apply to SFH though. Most of the condos I’ve seen had people moving out because they are having more than one kid.
“Dear god what’s going to happen in August????????!!!!!!!!!”
That literally made me laugh out loud. Interesting theory though.
So funny- these idiots deserve to still be sitting on this place! It’s a cracker jack box and they act like it’s a mansion! I know someone who made an offer on this place, and the owners were not the least bit flexible on the price, and not very nice to deal with, so clearly they are not in any hurry to sell. This place is only 1500 sq. ft!! I just don’t understand why in this economy/market, they can remain so inflexible and still expect to sell! Craziness!! PS– I was told no work had been done to it, so the price is even more incredible!