Surprise, surprise 6900 N Sheridan is being sold as condos. The huge bonus you get by buying a condo (Condominium derived from Latin con with, dominus - lord, ium - the place where. Illinois law regarding condos was written in 1963. According to Condopedia a distant relative of Mitt Romney, Keith Romney a lawyer was responsible for the first condo in Utah.) in a smaller vintage building the HOA fee is low (100 bucks in this case) and you are dealing with above average construction. That's assuming that the condo conversion was a quality job. It looks to be in this case.
"LOCATION, LOCATION. JUMBO LUXURY 6 RESIDENCES ONLY FOOTSTEPS AWAY FROM THE BEAUTY OF LAKE MICHIGAN, FEW BLOCKS TO LOYOLA AND NORTHWESTERN UNIVERSITIES, VERY CLOSE TO TRENDY RESTURANTS (sic) AND COFFE (sic) SHOPS AND MORE. SUPERIOR TRANSPORTATION OPTIONS, ONLY FEW BLOCKS TO THE EL, BUS OUTSIDE THE DOOR SPEEDS YOU TO THE CENTER OF DOWNTOWN CHICAGO. EXELLENT (sic) FOR CORPORATE HEADQUATERS (sic) OR ANY OTHER USE. EASY AND PLEASURE TO SHOW!!!!"Whoever wrote the listing for Redfin didn't use spell check and had a lead foot on the caps button. 6900 N Sheridan isn't a few blocks from Northwestern. How speedy is it to take a bus downtown from Farwell and Sheridan?
In the @properties listing when the building was up for sale a couple of years ago one window was boarded up. At some point last year the owners were advertising these apartments for rent. Back then the units looked plain jane. It was upgraded in the mean time. 4 parking spots in back.
Overall the unit on Redfin is pretty modern. Only gripe is the narrow hallway. Why the narrow hallways in new and converted condos?. Those horribly narrow hallways make it hard to move furniture in and cause claustrophobia.
Update 4/8/14 9:50 am - Here is the DNAinfo.com article, units start at 499 k.
Please continue reading for better view
6 comments:
Bill Savage said..... "I think the last image for that condo, you see that they made the hallway narrow to put in a huge built-in closet. Waste of space, I agree."
I've had my eye on that place since before the rehab started. I ran past it a lot on my way to the lakefront and noticed the work being done was pretty top-notch. Definitely a high-end job. Affordable? Not so much.
Yeah not super affordable but the assessments are less than most places in bigger buildings or highrises.
They are super low. I'm almost wondering if it's a mis-print. Some other parts of the listing seem odd too, and there was only one unit listed on the MLS last I checked. Probably due to it just coming on the market.
Yes the assessments do seem to good to be true.
When a contractor converts a building, THEY create the condo docs and the budget. It is up to the buyer and their agent to determine if that an accurate assessment of the costs to run an association. In most cases when the assessments are too low, they make them low to help sell the building. Usually, after the association is turned over is when you find out what the REAL expenses are for a building. If anyone is interested in buying in this or any other building in the neighborhood, feel free to contact Mark Malave www.rogersparkagent.com
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