3. The duplex penthouse condo at the Richelieu Flats, a conversion of Michigan Ave's old Karpen Building, went under contract six weeks ago with the sale closing yesterday for $2.3M. That was the exact asking price for the raw space— a build-out option would've added another $1.3M. Thus, the wonderful 4,200-square-foot space w/ 1,000-square-foot terrace is a candidate for a far zanier treatment than what the staid model unit suggests. Curbed visited the building in September and tested out the terrace, and we wouldn't balk at a chance to live there with or without finishes and appliances.
2. The week's second-priciest closing belongs to a "meticulously renovated" 1886 Lincoln Park single-fam. The five-bed has a privileged place on charming Dayton Street and lures prospective buyers with its extra-wide floor plan, "magazine caliber custom kitchen", a finished basement w/ wet bar, multiple fireplaces, stone and glass bathrooms, two decks and a yard. It worked, a real buyer emerged from the prospective heap. Listing in August for $2.395M, the final get was $2.347M. Good product, smart pricing.
1. This Gold Coast gut reno may as well be a facadectomy— the interiors date to 1985 and the facade (except for some window realignment) is consistent with something much older. The traditional 5-bed/5.5-bath home brings 5,500 square feet to the table. The interiors are very nice though we've gotta give some leeway to 1980s attitudes toward wood trim and cabinetry, some of which cheapens the spaces. Highlights include high ceilings, a 2nd floor master suite, basement rental unit, huge decks off every level, and a 2-car garage. Debuting on the market in 2007 and returning this spring, the buyer saved nearly one mil on the original ask with a closing price of $2.95M.