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1347 N Astor Street
Chicago, IL 60610
$2,695,000
Conventional
Property
Bedroom
5
Bathroom
6
Property Type
Conventional
Square ft
5000
Property Description
Historic 1887 Astor Graystone designed by Cobb and Frost who are most famous for building the Palmer Mansion, designed for Chicago industrialist Potter Palmer. The beloved 136-year-old residence has been home to four owners of which one a Dr. Peter Wolkonsky, son of aristocracy and credited with increasing the awareness of arthritis through his work with the Arthritis Foundation in Chicago. The sophisticated Graystone welcomes you and yours through an enchanting gas-lantern-lit iron door to an inviting garden level foyer. Imported French White Oak chevron hardwoods, an expansive Aroma360 and overhead sound greet you upon entering along with a coat closet, 1/2 bath, and an extra wide staircase with a continuous handrail mimicking a healthy lifeline across all levels. Designed to evoke the wow factor, directly off the main level landing are custom brass dividers that capture the allure of true Gold Coast living. A western facing formal living room is ground by a historic fireplace, a 5' x 6' teardrop chandelier and near floor-to-ceiling Marvin windows. An adjacent formal dining space too is ground by a substantial chandelier with direct access to the rear terrace. Off the main level entry and through an 8' pocket door awaits a Chef's kitchen with another historic fireplace, a 45" prep sink with dual Kohler faucets, and a Kohler pot filler. Imported Italian cabinetry with mix of Blum and Hettich hardware, adorned by imported Italian Porcelain and a glass wall add to the wow factor. An elite WiFi enabled Dacor appliance package includes a 48" gas range with overhead 48" Thermador insert with remote, a double oven, and a microwave drawer. The partygoer will appreciate 2x dishwashers, a plumbed Miele coffee system, a stand-alone refrigerator and freezer, and a full height zoned wine refrigerator. The functional layout offers ample storage, 3x appliance garages, multiple prep locations with an adjacent area for casual meals and guests to mingle. Additional access off the kitchen leads to a massive terrace grounded by raised porcelain pavers, lighting, sound, a gas connection, and iron pergola with infrared heater. Off the kitchen and down the rear staircase leads to a media room with 7.1 surround offering up a great place to relax and watch your favorite team or movie. The lower level is complete with an adjacent 1/2 media room bath, a laundry with dog washing station and a mudroom that is also accessible via the service entrance for ease of getting kids, dogs and secret guests in and out. Heading up two levels leads to a gallery wall with direct access to an expansive primary bedroom, a guest bedroom 2 and another proper laundry. The primary bedroom offers gracious closet space and a luxurious bath covered in large format Virginia Tile and highlighted by Newport Brass fixtures. Be prepared to love the dual vanity with tons of storage, a stone soaking tub large enough to accommodate someone 7' tall, a private water closet with urinal, a custom dual head walk-in shower and heated floors. Guest Bedroom 2 offers a full bath adjacent with secured access to the rear terrace. Finally, level 4 awaits you an additional gallery wall with direct access to an ensuite bedroom and two additional 'jack-and-jill' bedrooms, for a total of 5 bedrooms above ground. The rear bedroom offers an outdoor space with wonderful Lake Michigan and City views.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
1896
MLS Number
12000574
Location
Address
1347 N Astor Street
City
Chicago
State
IL
Zip Code
60610
County
COOK (NORTHEAST CHICAGO)
Listing
Provider
Mark Allen Realty, original listing
Name
Mark Allen Realty
Phone
(773) 447-4899
Office Name
Mark Allen Realty, LLC
Office Phone
(773) 938-5220
Agent Name
Matthew Liss

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As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale. This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments. Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.