Wednesday, December 3, 2008

Sale of the Week...Congenially Contemporary in Lincoln Park - Deal Estate - September 2008 - Chicago


http://www.chicagomag.com/Radar/Deal-Estate/September-2008/Sale-of-the-Week-Congenially-Contemporary-in-Lincoln-Park/

Sep 22, 2008
Sale of the Week—Congenially Contemporary in Lincoln Park
By Dennis RodkinSep 22, 2008 - 06:14 AM-->
List Price: $1,999,975Sale Price: $1,400,000The Property: This twenty-year-old house in west Lincoln Park fits congenially with its historic neighbors, thanks to its red brick exterior, arched windows, and slim cornice. Inside, it’s much more contemporary, with crisp expanses of white walls and a dramatic three-story staircase whose slightly bowed walls are the antidote to boxiness.
Standing on an almost-double lot (45 feet wide, where the Chicago norm is 25), the 5,200-square-foot house has 11 rooms, six of them bedrooms, and five-plus baths. The master bedroom shares the third floor with an exercise room, and in the basement there is a second kitchen. The main kitchen and bathrooms, dating to the late 1980s, need to be updated, says the seller’s real-estate agent, Ron Goldstein.
Designed by the architect Gary Shoda, the house was built in 1988 for Jennifer Meltzer and her then-husband, Robert, who that year became president and CEO of Evans Furs, the retailer his grandfather had founded on State Street in 1926. Jennifer Meltzer was a model for Wrigley’s Juicy Fruit gum in the 1970s. The Meltzers later divorced, and Jennifer Meltzer kept the house. She is now moving to Malibu, California, Goldstein says.
Price Points: Meltzer initially listed the home for sale in February, with an asking price of $2,199,700. By late spring, when it hadn’t sold, Goldstein offered real-estate agents an incentive: $5,000 on top of their commission for closing a sale by June 15th. No one earned the bonus, but a sale did close on September 15th; the buyer’s name has not yet appeared in public records.
Listing Agent: Ron Goldstein, Sudler Sotheby’s International Realty, 312-943-1980

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