What it Costs to Live in the Heart of Andersonville in 2018: A 2/2 at 5412 N. Glenwood
This top floor 2-bedroom at 5412 N. Glenwood in Andersonville came on the market in mid-May 2018.
This is a vintage 3-flat building constructed in 1914.
The unit has many of its vintage features including crown molding, a coffered beamed ceiling and a built-in hutch in the formal dining room.
It has 9.5 foot ceilings and bay windows in the living room.
The listing indicates that this unit used to be a 3-bedroom but the third bedroom was converted into a dining/eat-in kitchen.
The kitchen has 42 inch cabinets, stainless steel appliances and granite counter tops.
The listing says the bathrooms are rehabbed.
This unit has a Florida sun room and a terrace.
It also has the other features buyers look for including central air, washer/dryer in the unit and one exterior parking space.
If you’re looking to live in Andersonville, this building is near the shopping/dining district as well as public transportation.
Andersonville has been one of the hottest neighborhoods but inventory has been sparse.
Yet, this unit has already reduced after less than 2 weeks on the market, cutting $15,100 to $499,900.
Will this sell quickly at the new price?
Patrick O’Brien at Dream Town has the listing. See the pictures here.
Unit #3: 2 bedrooms, 2 baths, no square footage listed
- Sold in June 2003 for $342,000
- Sold in June 2015 for $410,000
- Originally listed in May 2018 for $515,000 (included 1 outdoor parking spot)
- Reduced
- Currently listed for $499,900 (includes 1 outdoor parking spot)
- Assessments of $225 a month (includes exterior maintenance, lawn care, scavenger, snow removal)
- Taxes of $7512
- Central Air
- Washer/dryer in the unit
- Bedroom #1: 12×11
- Bedroom #2: 11×11
- Sunroom: 9×7
- Terrace: 8×12
- Kitchen eating area: 11×10
$1/2 million to live like a grad student except nowhere near a school, no thanks. LOL at the realtor parking his fancy Audi in the parking spot for the pics.
Very familiar with this property. It is probably on the best street in the neighborhood. Only a block or so from the main drag shops and restaurants. Also close to train stop.
“It is probably on the best street in the neighborhood.”
The streets in heart of lakewood balmoral are not better? I realize they are farther away from teh action. Or is this the best street for a non sfh?
DZ, correct. Non-SFH street. Not too many condos in Lakewood-Balmoral. Glenwood is a very leafy and quiet street with a lot of well maintained 2-4 flats and condos. Close enough to be right in the action, but feels quiet and secluded.
In regards to the property, I think they might be asking a bit much with some of the dated finishes, but I don’t know what brand new 2/2’s are trading for in a comparable location these days.
Total ripoff, WTF.
I saw the ad for this over the weekend so nice to hear what others have to say. Perfect Andersonville location and lovely vintage touches in this one. Definitely not a family place, but good for a couple after the kids move out. I could see buying it.
I like it a lot (and love the area), but it seems if anything overpriced/definitely not a bargain.
The one thing about A’ville proper is that there isn’t much new construction to choose from so if you want a condo on the best streets, you kind of have to accept it may be “used” or probably won’t have the white/gray kitchen.
For me a nice vintage unit (or house) would be part of the appeal anyway, so I wouldn’t be looking for new construction. But unless you absolutely want to live right there and nowhere else (so scarcity), the price of a vintage 2/2 in comparable neighborhoods doesn’t seem quite so high. I’m more familiar with the market for houses in Edgewater than condos, though, since I looked there recently.
“A’ville proper”
What constitutes that, at this point?
I agree you’re paying extra for location with this one. It’s so hard to find a nice vintage unit like this in Andersonville, particularly just a block off of Clark Street. Location is the first rule of real estate, and this is proof. I think it’s a lot nicer than many similar-priced condos in Lakeview and Lincoln Park, however, and beats any of the newer (last 25 years) construction by many a mile as far as charm and character. At a lower price.
I hate the craftsman coffer. It’s visual noise. Unit isn’t great for a condo, but the art collection is.
Anon, I’d say Victoria (or ridge) to the north, Argyle to the south, Broadway to east and Ravenswood to West.
The section between Foster South, Ashland West, Bryn Mawr North, and Broadway East is probably most preferred though, but units are limited. Hard to find new gut rehabs. They neighborhood won’t allow new construction IIRC. Anything “new” is most likely going to be west of Ashland or on Clark and Ashland. Maybe south of Foster.
When I lived there, I preferred being West of Ashland. It was more quiet and street parking was way easier. Some folks don’t want to have to cross Ashland though.
Still listed, now at $450k.