Seventeen fully restored two- and three-bedroom condos at 433 W Briar Pl in Lake View have returned to market at 32 percent below their old list prices, on average.
433 Briar‘s two two-bedroom / 2.5-bath tiers and single three-bedroom / 2.5-bath tiers feature hardwood floors, crown molding, gas-forced air with central A / C, and washer / dryer hookups. Kitchens have stainless steel appliances and undermount sinks, 1-1/4″ granite countertops, and garbage disposals, and master baths have marble tile finishes, double-bowl vanities, and multi-head Grohe shower systems.
The units have been discounted anywhere from 20 to 39 percent off original prices. At one time, the average price per square foot among the homes was approximately $360 per square foot; today, it’s just $245.
Prices for individual tier are:
- Tier A: Three bedrooms, 2.5 baths, 2,300 square feet: were $770,000 to $890,000, now $539,900 to $599,900.
- Tier B: Two bedrooms, 2.5 baths, 1,600 square feet: were $520,000 to $650,000, now $349,900 to $419,900.
- Tier C: Two bedrooms, 2.5 baths, 1,600 square feet: were $425,000 to $670,000, now $339,900 to $404,900.
Built in 1929, the 11-story building at 433 W Briar Pl features an elegant lobby, passenger and freight elevators, a fitness room, and a bicycle storage area. It stands just one-fifth of a mile (or a three-minute walk, according to Google) from the edge of Lincoln Park, just below the southern bend of Belmont Harbor. Immediately to the north is Belmont Avenue (with the Lake Shore Drive’s Belmont ramps a quick two-minute drive away), and the block ends on the west as it intersects with Broadway.
The location earns 433 Briar a “walker’s paradise” Walk Score of 97, and an “excellent” Transit Score of 79, thanks to its proximity to the combined Brown, Purple, and Red line stops at Belmont and Sheffield avenues and several CTA bus lines.
