Deal Estate
 

On the Market

Bucktown’s Sunlight Store

Posted March 22, 2012, at 10:15 a.m.
By Dennis Rodkin


For a closer look at the house, launch the photo gallery »
 

List Price: $935,000
The Property: On a quintessential Bucktown corner, several onetime storefronts have been converted into residences over the years. Among them is a one-story brick building that may have once been a furniture store and warehouse. Though a contemporary wood façade now fills most of the building’s former window space, sunlight still pours into the home’s 575-square-foot living room from a clerestory floating 20 feet overheard. About one-third the dimensions of the room itself and rising above the vintage tin ceiling that covers the rest of the space, the opening is too big to be called a skylight. Brad Lippitz, the agent selling this space for his brother, Jon, calls it the “glass ceiling.”

The living room has vintage wood floors, exposed brick walls, and a small raised stage at one end. Behind it is a bedroom and a full bath, and then behind that is another space nearly as big as the living room; it’s divided into a dining room, a study, a media room, and an eat-in kitchen raised a few steps above the main floor. The spaces there are more intimate; the dining room nestles beneath a lowered ceiling, and the gourmet-outfitted kitchen manages to be both a part of and apart from the others. In the back half of the house, light comes from windows and from numerous conventionally sized skylights.

The second floor is a large, lofted master bedroom, with one side open to the living spaces below; there’s a bathroom with a wall-less shower and a sauna. A spiral staircase leads to the rooftop deck.

There’s a lot of interior space since, as Lippitz notes, the old commercial structure was built lot line to lot line on its 24-by-100-foot lot. And because the home is largely loft style, the spaces could be reassigned to different uses. Building a few new walls, for instance, could expand the home from its present two-bedroom layout. (A third bedroom used to take up part of what’s now the living room, sharing a bath with the remaining first-floor bedroom).

Among the upgrades done by Jon Lippitz, a doctor, is a shelving wall in the study that he built by hand. He also had plans drawn up for an off-alley garage in the basement, and he’s selling those plans with the house. With a mix of materials old and new and a unique floor plan, “it’s a space that defies convention,” Brad Lippitz says. “It was artists’ space for years, and it has the furniture-store history and the things [my brother] has done. So now it’s got a great, unique energy to it.”

Price Points: Jon Lippitz is moving to the northern suburbs; he listed the home with Brad Lippitz last September, asking $985,000. In January, he cut that to $935,000.

Listing Agent: Brad Lippitz of Prudential Rubloff; 773-404-1144 or blippitiz@rubloff.com

Comments to this blog are moderated. We review them in an effort to remove foul language, commercial messages, and irrelevancies.

Mar 25, 2013 09:27 am
 Posted by  Dennis Rodkin

This property sold on March 22, for $800,000. By the time of the sale, the listing price had come down to $799,000. The final sale price is 85.5% of what the seller was asking when we posted this video tour a year ago, and 81% of his initial Sept. 2011 asking price.

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About This Blog

Deal Estate: The Blog is the online extension of Chicago magazine’s monthly “Deal Estate” column, which is written by Dennis Rodkin. On the blog, Rodkin—who has been covering the local housing scene for Chicago since 1991—provides timely updates on new homes to hit the market, recent high-end sales, and other residential real-estate news from the city and suburbs.

Got a hot housing tip? Contact Rodkin at dennis@rodkin.com.
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