Friday, August 04, 2017

Sales at the Marlborough building Lincoln Park

We viewed the Marlborough building Thursday morning at the corner of Deming and Lakeview in Lincoln Park. (All photos Eric Rojas, Broker, Kale Realty)
We took a look at units sales at the attractive and A++ location Marlborough building at 400 West Deming, Chicago IL 60614 in the Lincoln Park neighborhood.  There are only a handful of sales of the 106 units each year in the vintage building across from the park and North Pond Nature Sanctuary.  If you enjoy strolling in the park, running, boating, golfing, playgrounds or cycling (not to mention dining at North Pond restaurant and nearby cultural events) this is a location for you!

The courtyard entrance on the Deming side
Five units have sold in the Marlborough in the last 12 months.  One studio and three one bedroom units have sold. One two bedroom unit sold. The median price of a unit is only $177,000 with the one bedroom units averaging around 700 sq/ft.  A studio unit sold for $115,000 needing a significant renovation.  

The highest sale in the last 12 months is a two bedrooms unit 400 W Deming Pl Unit 6J, Chicago, Illinois 60614 for $286,000. The unit comes with a hefty $814.00 assessment that includes  heat, water, gas, common Insurance, security, exterior maintenance, landscaping, on-site engineer and elevators. Coin laundry is on site.

Photo looking over North Pond (Eric Rojas, Broker, Kale Realty)
Our clients in the building have told us the in-house maintenance staff and management is all over issues quickly.  The grounds, lobby and hallways always look great.

The "little" Marlborough in the center. Park front living!!

Four condos are currently for sale at Marlborough. All are one bedroom units priced from $199,000 to $260,000.

No comments: