While paying in excess of $1,200 per square foot for a new condo at 4 E. Elm Street may not be the most practical move for most homebuyers, Chicago’s Gold Coast is by no means out of reach for those on a more down-to-earth budget. Take for example this charming one-bedroom located just down the street in the pre-war building at 73 E. Elm.
Dating back to 1928, the home features a barrel-vaulted entrance hall, an original marble fireplace, a wood-paneled library, and herringbone parquet floors throughout. Natural light abounds thanks to windows in every room—including one smack dab in the middle of the marble-lined shower. On the subject of bathrooms, this one could certainly benefit from a tasteful update, as could the home’s smallish but passible kitchen.
Currently seeking $399,900, the twelfth floor residence just manages to squeak its way into our Under $400k Club. Association fees will run an additional $1,165 per month, but the figure is pretty much par for the course considering the age of the building and its ritzy location just steps from Oak Street Beach and the ‘Viagra Triangle.’ After all, they don’t call the neighborhood the Gold Coast for nothing.