What’s a Maisonnette? A 4-Bedroom at 65 E. Goethe in the Gold Coast
This 4-bedroom first floor duplex at 65 E. Goethe in the Gold Coast came on the market in May 2019.
65 E. Goethe was built in 2001 and has just 18 units and a parking garage.
It was built as a luxury building and has a doorman.
This unit is unique in that it is a maisonnette.
From the Free Dictionary:
1. A small house. 2. An apartment occupying two or more floors of a larger building and often having its own entrance from outside. [French maisonnette, diminutive of maison, house, dwelling, from Old French, from Latin m?nsi?, m?nsi?n-; see mansion.]
This unit has its own private entrance, yet still has the amenities of the building including the doorman to handle your package deliveries.
At 5800 square feet, this property is bigger than many single family homes.
It has 11 foot ceilings and a 30 foot kitchen with white cabinets designed by de Giulio.
3 of the 4 bedrooms are on the second floor, including the master suite.
All the bedrooms are en suite.
There’s a family room and a library on the main floor as well as a study on the second floor.
The unit has 1300 square feet of private, landscaped outdoor space.
It has central air, 2-car parking and washer/dryer in the unit.
Originally listed in May 2019 at $6.95 million it’s been reduced to $5.989 million.
Is a maisonnette the perfect solution to those who want a single family home without all the maintenance?
Sherri Kramer at Coldwell Banker has the listing. See the pictures here.
Unit #M102: 4 bedrooms, 5.5 baths, 5800 square feet, duplex up
- Sold in March 2005 for $2.55 million
- Originally listed in May 2019 for $6.95 million
- Reduced
- Currently listed at $5.989 million
- Assessments of $7833 a month (includes heat, a/c, doorman, exterior maintenance, lawn care, scavenger, snow removal)
- Taxes of $93,734
- Central Air
- Washer/dryer in the unit
- 2-car parking
- 2 fireplaces
- 1300 square feet of landscaped outdoor space
- Bedroom #1: 22×15 (second floor)
- Bedroom #2: 22×15 (second floor)
- Bedroom #3: 17×13 (second floor)
- Bedroom #4: 14×13 (first floor)
- Laundry room: 13×9 (second floor)
- Study: 15×15 (second floor)
- Library: 15×14 (main floor)
- Family room: 19×16 (main floor)
- Living room: 18×15 (main floor)
- Dining room: 18×13 (main floor)
- Kitchen: 31×19 (main floor)
$6 million and no lake view?
Buying a place like this all but guarantees a bankruptcy filing in your future unless you a extraordinarily wealthy and even then it’s a risk. The chance to actually turn a profit on this has got to be less than zero.
all the drawbacks of a SFH and the HOA dues of a Co-Op… where do I sign up?
“all the drawbacks of a SFH ”
???
What, pray tell, are “all of” them? Seems to me this has perhaps two or three of the drawbacks of a SFH, but nowhere near all of them.
Nice! great wide layout. But the carrying costs are crazy. $93k in property taxes + $7800/mo in HOA. We are talking about paying $15.5k a month if you paid all CASH and have no mortgage.
The smarter thing to do is to pay $3M-4M on a comparable mansion in the area located next to a high-end hotel and pay monthly to use the hotel’s amenities. lol
So, was this raw space at purchase, as many of the units were, or was $2.5m the price for finished space? Had to be raw, right, since it was ’05, not ’09?
Before I saw the assessments I thought this would be decent at a 3.5-4 price range. But the prop taxes and assessments make this a huge problem.
I can understand why a developer would put in a unit like this if they wanted something classier than ground level retail and didn’t need parking here. This would be like undesirable space in a condo building that got converted into useful residential.
At this price point I want a dope penthouse in the sky with amazing views and outside space.
I could see this selling at 2 million due to the assessment/tax situation.
What are you even getting for $7k a month? There’s a sundeck but no other apparent amenities. You also get a doorman — who won’t be watching the private entrance to your home, so he’s basically only good for package receiving. Shoot, if they are just worried about receiving packages securely, I’d be happy to sit at any mansion owner’s home a couple hours on weekday afternoon for $7k per month.
Spent a lot of hours in Goudy playground enjoying this building as a backdrop. Remember seeing the listing (or an article?) for the raw PH space (Wrigley’s?). This is obviously an awesome place but being essentially at street level at this price point and with those fees is a real stretch (living areas in many of the nearby SFHs are a bit higher).
This supposedly has all the best of single family and apartment living. Really? Does that mean it has the lack of privacy associated with low-rise living and the huge assessments associated with a fancy high-rise? Check yes to both.
Absolutely nuts..
I know there are rich people out there, and people who have money to burn – but how much money does the owner have to burn?
I don’t have great internet sleuthing skills but from my google searches it looks like the owner may is either associated with a large lumber company or some government dude from the east coast. I think it’s the former though. Didn’t know lumber companies did so well!
“Didn’t know lumber companies did so well!”
There are plenty of hidden millionaires and billionaires in “boring” industries. The whole world doesn’t revolve around tech and finance. And certainly not in Chicago. There are lots of publicly listed billion dollar companies in manufacturing and agriculture in Chicago and the suburbs that you’ve never heard of.
Why is it “money to burn”? How much does it cost you to maintain a single family home? And do you have a doorman/security who watches the property, delivers packages, screens guests?
“Does that mean it has the lack of privacy associated with low-rise living and the huge assessments associated with a fancy high-rise?”
Lack of privacy?
It’s up off the street. And in that location there’s virtually no one walking by anyway.
One point I might add is that based on what I see in the walk in closets, clothing / shoe / coat wise, It’s not really a wardrobe for a 60+ year old who is retiring. Wonder if his kids lived in this place?
Regardless, good for them.
Sabrina, ‘money to burn’ = 15k in costs a month, before paying a mortgage. lol. Guessing these guys don’t have a mortgage though.
It’s a bit smaller, and dated, and the decor is somewhat taste specific, but this is a much better deal at roughly one third the price: https://www.redfin.com/IL/Chicago/25-E-Superior-St-60611/unit-11B/home/12662881?from_mobile_app=true
Closed, 5,000,000
“Closed, 5,000,000”
Wow. Yet another closing in the city above $4 million.
Will 2020 be a record year for luxury properties even with COVID?
WOW, $2MM in price cuts = HAWT ™