East Ravenswood Real Estate Update – August

4605 N HermitageThis week, Abbott House hit the market.

With a fresh coat of paint (now lilac, not cream), it’s now available for sale at $ 2,489,000.  This 1891 Queen Anne was named a Chicago Landmark in 2006, as it was the home of Wallace C Abbott, founder of Abbott Labs.  It sits on a 92 x 165′ wide lot, and its refurbished coach house is currently leased.

This East Ravenswood home is one of several outstanding homes for sale in this landmark historic district:

4743 N Hermitage        $ 475,000
4622 N Hermitage    $ 1,050,000
4436 N Paulina           $ 1,350,000
4632 N Paulina          $ 1,449,000
4605 N Hermitage   $ 2,489,000
4420 N Paulina         $ 3,350,000

To see any of the historic single family homes for sale in East Ravenswood,contact Anne Rossley today!

Lakewood Balmoral – 5306 Magnolia

Just listed for sale in Lakewood Balmoral is a lovely 1894 historic frame single family at 5306 N Magnolia.  Like most homes in this historic Andersonville neighborhood, it sits on a lot and a half, and boasts a chef’s kitchen with stainless steel appliances and granite, a large deck and beautiful back yard.  In all, there are 5 bedrooms and 2.5 baths in this 3600 square foot gem.  It’s currently for sale at $ 1,025,000.

5306 Magnolia

5306 Magnolia Living Room

5306 N Magnolia Kitchen

The Lakewood Balmoral neighborhood was named an historic district on the National Register of Historic Places on 2/12/1999.  It’s part of the Andersonville neighborhood in Chicago’s Edgewater Community.

Uptown Theater Rehab Progress

What I thought would be a mild Edgewater residents’ meeting got a little brittle last Wednesday.

Edgewater Development Council and Edgewater residents met to vote on the historic rehab of the Uptown Theater and its use as an entertainment facility.

Uptown Theater

Uptown Theater

A representative of the developer was in attendance, and Jim Wiggins (spelling?) expressed outrage that Alderman Mary Ann Smith wouldn’t meet with him.  He wouldn’t respond, however, to her chief of staff’s response that the developer has reneged on a promise to deposit $ 5MM in escrow for the building’s facade restoration.  According to Doug Frasier, this deposit was part of the agreement to purchase the theater.  Ald Smith can’t trust a developer to appropriately use government money when the first promise made to the people, the $5MM deposit, has been broken already. How can we trust our tax money to a developer who won’t put up a measly $ 5MM in escrow on top of the $5MM acquisition cost (? -quoted in the meeting) ?

Despite not addressing this issue, Mr.Wiggens announced that Booth-Hansen is the architect of record, that the rehab will require $ 30-$50 MM, and that they have no drawings to present at this time.  He said that the only way for this project to be profitable to the developer is to remove the historic seating and allow for flexible/movable seats, providing for 5,000 audience members.

The residents and board of EDC expressed concern about plans for parking.  This rehab will create an outstanding entertainment district, as the Aragon, Riviera, and Green Mill already draw a significant crowd.  Doug Frasier estimated the need for 1500-2000 (and as many as 3000) additional parking spaces, and he conceded that the neighborhood would have some “growing pains” as the theater is developed, and then parking options are considered.

In the end, I was one of the residents who voted in favor of the plan.  There truly wasn’t much to debate — I would love the theater to be restored to its original grandeur and used as a first rate entertainment facility.  For ten years, this goal has been discussed.  I only hope it’s not ten more years before it becomes a reality.

The Uptown Theater is a landmark in Chicago.  An example of Spanish Baroque Architecture, it was popular in the 20’s, and with 4500 seats, it was second in the US behind Radio City Music Hall.  The architects also designed the Chicago Theatre, today a beautifully restored historic landmark on State Street.

Related Links

Booth-Hansen Projects

Uptown Theater District

2447 Burling – Huge Reduction – Great Opportunity

This lovely 1888 vintage home in the heart of Lincoln Park is now reduced to $ 935,000.  It’s a tremendous opportunity for someone and surely won’t be for sale much longer.

2447-burling-chicago

It’s between Clark and Halsted on charming Burling, in the celebrated Alcott School District.  The lower level boasts media and game rooms, and the 2003-renovated custom kitchen will delight you.

To see this lovely home, or for more information on homes for sale in Lincoln Park, contact Anne Rossley at Rubloff.

3945 Tripp – Old Irving Historic Gem

Now under $ 1MM, this Italianate 1874 vintage home in Old Irving is a beauty!  Situated on a 50 x 75′ lot, it has 5 bedrooms and 4 full baths — 5800 square feet in all.

3945-tripp

Known as the “Race House”, it was designated as an historic landmark by the Chicago Landmarks Commission in 1988.  This is the only remaining structure associated with the family that founded the village of Irving Park,  built for Stephen A. Race.

To get more information on this home, or to see other historic homes for sale in Chicago, contact Anne Rossley at Rubloff.  To see more of the Irving Park neighborhood, select this link.

Three Historic Homes Under Contract

This week in Chicago real estate, 3  historic properties went under contract:

1723 W Winona

$ 699,000

1723-winona

This Andersonville home was built in 1896 – a 3 bedroom home on a standard Chicago lot, it was renovated in 2003 and is close to the Clark Street commercial district, red line, and Metra.

2100 N Fremont

$ 1,798,000

2100-fremont

One of the historic Italianate Fremont rowhouses, this 1875 home with coach house was lovingly restored.  It’s one of a landmark group of homes – some of the earliest surviving properties built with the newly required “fireproof” masonry” post-Chicago fire.

225 W Eugenie

$ 3,999,000

229-eugenie

This 1874 Old Town treasure is a modern gem hidden behind the facades of 2 Victorian houses.  A large private garden, lofted studio building, and 2 car garage are included, and “no expense was spared in the design, materials, or details of this private and sophisticated compound.”

For information on these or other real estate in Chicago, please contact Anne Rossley.


Historic Bungalow Rehab Opportunity

2830 W Greenleaf

$ 349,000

2830-Greenleaf-Bungalow

When I see vintage rehab opportunities like this, I get so excited — check out the bones on this bungalow in West Rogers Park!  The original tile is still there, and while the wood floors are currently covered, they are still under the carpet and tile.  Most of all, the outstanding stained glass windows are still intact — these are absolutely stunning!

west-rogers-park-bungalows

I invite you to visit this property — stand in the front windows where you face south and get tremendous light.  You can survey your kingdom – a gorgeous West Ridge Bungalow Historic District for 240 degrees.

2830-living-2

West Ridge was just named to the National Register of Historic Places, and the homes now qualify for property tax incentives.  The Chicago Historic Bungalow Initiative offers great information and opportunities for rehabbing these great landmark properties.  Se the links below for more information.

Chicago Historic Bungalow Initiative

Roger Park – West Ridge Historical Society

Indian Boundary Park

West Ridge Bungalows On National Historic Register

For informtion on Chicago Historic Properties, or to find out how you can save on your property taxes by renovating your landmark home, please contact Anne Rossley at Rubloff today.

5247 Magnolia Under Contract in 22 Days

Lakewood Balmoral homes continue to catch the attention of home buyers.  This lovely 1899 Classical Revival home at 5247 N Magnolia just went under contract.  Listed at $ 950,000, it’s a 5 bedroom home that sits on a 37.5′ wide lot and has tremendous curb appeal with its historic details and recent updates.

5247-magnolia

Lakewood Balmoral is an historic district in Andersonville, part of the Edgewater Community.  For a look at other beautiful homes in this neighborhood, see Anne Rossley’s photostream on Flickr.

To search for other homes for sale in Lakewood Balmoral, select this link and call Anne today!

4542 N Hermitage – East Ravenswood Home for Sale

This vintage rehab opportunity in East Ravenswood could be as gem for someone interested in old houses.

Built in 1876, it’s a Victorian single family that sits on a 35 ‘  x 165 ‘ oversized lot in the magnificent East Ravenswood Historic District.

Property taxes for ’07 were $9,228.56, and based on the assessor’s equalized value of $184,793, a nominal rehab project could yield a property tax freeze and savings for 12 years.

4542-hermitage

For information on how you can live in this gorgeous neighborhood, or how you can use historic landmark property improvements to save on property taxes, call me today!



East Ravenswood Homes Update


May 6, 2009

Newly Listed in East Ravenswood

4127 N Hermitage…………..$ 769,000

4420-n-paulina

Currently for Sale in East Ravenswood

4101 N Hermitage …………. $ 399,900
4541 N Hermitage …………. $ 979,000
4630 N Paulina ……………$ 1,495,000
4420 N Paulina ……………$ 3,350,000

2009 Sales in East Ravenswood

4710 N Ashland ………….. $ 400,000
4721 N Hermitage………… $ 699,000
4034 N Hermitage…………$1,949,000
4025 N Hermitage ………..$2,100,000

For information on these, or other historic homes for sale in Chicago, call me today!

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