You Can Still Get a Lakeview 2/2 for Under $360,000: 809 W. Wellington
This 2-bedroom corner unit at 809 W. Wellington in Lakeview just came on the market.
Built in 1892, this building has 15 units.
The listing says this unit is “not your cookie-cutter condo.”
It has newly refinished hardwood floors and exposed brick along with a bay window in the dining room.
There’s a wood burning fireplace in the living room.
The listing calls the kitchen “updated” with 42″ shaker style cabinets, stainless steel appliances and what look like stone counter tops.
There is an over sized primary bedroom measuring 14×21.
There is a back deck area which has space for a small table and chairs as well as a common courtyard with a shared grill.
The unit has central air and heat but no in-unit laundry although the listing says you can install an all-in-one in lieu of the dishwasher.
The building has coin laundry.
There’s no parking with the unit but the listing says there is rental parking 2 blocks away for $177 a month.
This building is near the brown line, bus lines, and shops and restaurants of central and east Lakeview.
Listed at $350,000 for 1300 square feet, is this a deal for the neighborhood?
Lauren Bergiel at Dream Town has the listing. See the pictures here.
Unit #2: 2 bedrooms, 2 baths, 1300 square feet
- Sold in September 1991 for $145,000
- Sold in June 1995 for $146,000
- Sold in May 2002 for $275,000
- Sold in April 2005 for $330,000
- Currently listed at $350,000
- Assessments of $333 a month (includes exterior maintenance, lawn care, scavengers, snow removal)
- Taxes of $7172
- Central Air
- No washer/dryer in the unit. Coin laundry in the building.
- No parking. Rental available for $177 a month 2 blocks away.
- Wood burning fireplace
- Bedroom #1: 14×21
- Bedroom #2: 13×11
- Living/dining room: 23×17
- Kitchen: 13×6
- Office: 11×7
- Deck: 4×3
- Foyer: 17×4
1300sf is complete bullshit
Literally across the street from a hospital.
Balcony access thru the back Br
That being said, this could be a nice 1Br P-a-T
Would be a pretty convenient pad if you worked at the hospital. I’d add a second layer of windows or plexi in the bedroom so it’s nice and quiet. I imagine this will find a buyer very quickly regardless of the finishes.
Anything relatively cheap and of decent quality in Lakeview is selling almost immediately these days. As long as you can’t hear every step your upstairs neighbors take, this place seems like a fairly solid deal.
This corner and building specifically strikes me as a depressing place. Probably has to do with the hospital on one quarter and dive bar on the other, coupled with first-floor balconies that are caged in.
Coin laundry, no parking….hmmm. This is a rental or a pied a terre. There just isn’t really a good reason to buy this and these folks have lived here 16 years, spent a decent amount when you tally up the mechanicals and other updates plus the assessments…and they are going to get back some equity but they are overall losing money on the deal…then again, they bought it pretty darn close to peak so one would argue, overpaid in 2005 when this was actually on the pricier side for a 2/2 at an early stage in one’s career. Exterior first level if godawful on the eyes.
That said, at this price someone will bite because the low and high ends of the market are on fire. First time buyers who don’t cook will possibly bite and replace the dishwasher with the all-in one washer / dryer and rental parking is kind of appealing for the uber/lyft generation who are likely not to own a car anyway. This would be particularly convenient for someone who works at the hospital or somewhere off the brown line.
Here’s one of the big units which is just about to be listed at $440,000.
It’s 1800 square foot.
Sold for $410,000 in 2018.
It’s a duplex down and has it’s own in-unit washer/dryer.
https://www.redfin.com/IL/Chicago/2954-N-Halsted-St-60657/unit-D/home/13364839
This 1,000 square foot 2/1 also just listed in the building at $302,000.
It sold in 2015 for $255,000.
It doesn’t have the washer/dryer.
These are unique with the tall ceilings and exposed brick.
Cute.
https://www.redfin.com/IL/Chicago/2954-N-Halsted-St-60657/unit-D/home/13364839
Unit #2 featured in this chatter is already under contract.
Lol.
This market is red hot. Very few 2/2s in this location for this price.
I’d never choose this location. Noisy, ugly, etc.
The unit isn’t cookie cutter, I’ll agree. If you like exposed brick, this is your place. The price hasn’t changed since 1990, inflation adjusted. So I suppose that tells you the investment potential of buying an above-store former rental unit on a busy street.
Closed for $334k in Aug-21.
Assessor has the address as “809 N Halsted” (but clearly with a pic of this building) which throws things off a bit.