Local Deals: 120 * 90

Former Orphanage Turned Single Family Sells for $3.1 Million in Wicker Park


1239 N. Wood Street

Updated: June 25, 2014 - Originally listed at $4,150,000 in 2009 by Berkshire Hathaway Homeservices KoenigRubloff, the 22,000 square foot building at Wood Street and Potomac has sold. The sale closed on June 19, 2014 with a price of $3,100,000. Since its last sale in 1987 for $172,500 the building has been used as a single family home and gallery. A small part of the property was rented. It will be interesting to see what the future holds for this historic Wicker Park property.

 

 

Originally Published: February 2014

This majestic 22,000 square foot building that spans 5 city lots at 1239 N. Wood Street in Wicker Park is under contract once again. The property was under contract last Summer but that sale fell through and the property was re-listed by Jameson Sotheby's in September 2013. The MLS is currently showing that the property went under contract again on February 6, 2014 with an asking price of $3,500,000. Annual real estate property taxes are approximately $36,000.

If you've ever walked down Wood Street just north of Division, you've probably noticed the 2 cannons sitting outside of the property at 1239 N. Wood Street. This property is located right on the corner of Potomac and Wood Street and sits on 6 Chicago lots.

Built in 1903, this 22,000 square foot beautiful brick and limestone structure was an orphanage and at the very top of the building you'll see: Memorial Home engraved in limesoneIt was later sold to the Polish Army Veteran's Association (hence the cannons) and then sold to the current owner in 1987 for $172,500. They converted this property to a luxury single family home with an incredible amount of square footage.

The annual property taxes are $36,000+ ... reduced from a hefty $48,000 per year. And the following description was included on the MLS Listing: 

On 3 lots sits a private garden oasis with pond, stream terrace, walking paths & custom lighting. With over 22rms, 5.1 Bths, 1st floor features 2 apartments, huge gallery and 2 work studios. 2nd floor has a mahogany library, bar, offices and 2 studios. 3rd floor features Master bedroom, bath, living room, kitchen combo and massive 58 x56 ballroom. 

imageMahogany Library-photo courtesy of chicago.urbanturf.com

 
After initially being listed by Koenig & Strey in 2009 for $4,150,000 this property was re-listed by Koenig & Strey in 2013 (now Berkshire Hathaway Homservices Koenig Rubloff) at a price of $3,500,000. This historic Wicker Park site is currently under contract pending its closing. 

imageMaster Bedroom - Photo courtesy of chicago.urbanturf.com


It will be interesting to see what the future holds for this historic, unique and beautiful building.



Published September 13, 2013 by Wicker Park, Bucktown Real Estate Broker & Contributor Thyra DeCicco. @properties. 1875 N. Damen Avenue. Bucktown 773-432-0200.
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