Will This 3-Bedroom Go Under Contract Within a Month Again? 3020 N. Sheridan in East Lakeview
This vintage 3-bedroom at 3020 N. Sheridan in East Lakeview recently came on the market.
Some long time readers may remember this unit because we chattered about it in June 2008.
See our prior chatter and interior pictures here.
Back then, it had gone under contract in just a month which was quick given that the market had already begun to slow down.
We also strangely chattered about the returns in real estate compared to the stock market (but this was before Lehman and the big stock market crash later in the year.)
Back then, it was listed at $599,000 and many of you thought that was a decent price. It ended up selling that September for $502,500.
Nothing has changed with the unit since the 2008 listing, including, from what I can tell from the pictures, most of the paint colors.
If you recall, the 9-unit greystone was built in 1903.
The unit has retained many of its vintage features including crown molding, high ceilings and the dining room has coffered ceilings.
The baths are marble.
The kitchen has cherry cabinets, granite counter tops and stainless steel appliances and is open to the family room.
The unit has central air and washer/dryer in the unit but no parking. It is rental in the neighborhood.
It has come on the market for $94,900 more than the prior peak price in 2006.
Will it get the premium in this hot market?
And will it go under contract in just a month again?
Alex Till at Baird & Warner has the listing. See the pictures here.
Unit #2N: 3 bedrooms, 2.5 baths, 2100 square feet
- Sold in June 1988 for $169,000
- Sold in June 2001 for $410,500
- Sold in September 2006 for $565,000
- Sold in September 2008 for $502,500
- Currently listed for $659,900
- Assessments of $395 a month (includes snow removal)
- Taxes of $7415
- Central Air
- Washer/dryer in the unit
- No deeded parking- rental only in the neighborhood
- Bedroom #1: 14×11
- Bedroom #2: 14×11
- Bedroom #3: 13×11
- Family room: 17×10
http://www.redfin.com/IL/Chicago/3020-N-Sheridan-Rd-60657/unit-2N/home/13373845/mred-08394949
looks like listing may have been canceled. asking a lot for this though….
Seems like a make me move ask.
“Seems like a make me move ask.”
Seems like an embarrass my realtor ask.
According to Redfin, the MLS has the last sale at $582,500 rather than $502,500 per the public record. The higher amount seems more likely to me given the speed of the last sale.
I’m curious why the listing and then cancelling shortly thereafter…
this is a beautiful unit, imo. prob not worth almost $700k but hey, i hope they get it so my comps will be boosted!
“According to Redfin, the MLS has the last sale at $582,500 rather than $502,500 per the public record.”
Could be a typo in the public record or a typo in the MLS record. I’ve seen it wrong more times in the MLS so I only use the public record.
This unit went under contract quickly last time but didn’t close for like 3 months.
For the record, the 2008 sale was $582,500. Big difference!