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The Narragansett

The Narragansett

The Narragansett
Condominium Building
The Costar Building Rating

A rating for the building relative to other buildings of the same type throughout the country. Learn more

1640 E 50th Pl
Chicago, IL 60615
59 Units
22 Stories
1928 Year Built
$141K - $487K Value Range

Available Units

For Sale
No Units Available
For Rent
No Units Available

Highlights

  • Doorman
  • Kenwood Academy High School Rated A-
  • Waterfront Community
  • Elevator
  • Bike Room
  • Views

Art Deco elegance in the heart of Hyde Park

The Narragansett, a striking 22-story Art Deco tower, stands as a testament to Chicago's architectural heritage in the vibrant Hyde Park neighborhood. Completed in 1928, this historic condominium building houses 59 units, offering residents a blend of vintage charm and modern living. The Narragansett's facade showcases the distinctive vertical lines and stylized decorative elements characteristic of its architectural style, making it a notable landmark in the area. Situated just steps from Lake Michigan, the building provides easy access to the cultural and recreational amenities that make Hyde Park a sought-after residential destination.

Spacious layouts with lake and city views

The Narragansett offers a range of floor plans to suit various lifestyles, from cozy one-bedroom units to expansive three-bedroom residences. One-bedroom apartments span 750 to 1,400 square feet, featuring one to one-and-a-half bathrooms, with prices starting around $170,000. Two-bedroom units, ranging from 1,400 to 1,900 square feet with two to two-and-a-half bathrooms, are available from $225,000 to $267,500. The most spacious options are the three-bedroom apartments, measuring 1,500 to 4,000 square feet with two to four bathrooms, priced around $370,000. Many units boast breathtaking views of Lake Michigan and the Chicago skyline, particularly from the higher floors. The apartments feature elegant details such as decorative fireplaces, formal dining rooms, and parquet flooring, paying homage to the building's historic character. Some units have been thoughtfully updated with modern amenities while preserving their vintage charm. Kitchens in renovated units often include stainless steel appliances, quartz countertops, and ample storage space. Large windows flood the living spaces with natural light, while spacious closets provide abundant storage. Select units offer in-unit laundry facilities, a coveted amenity in vintage buildings. The Narragansett's unique "C" tier apartments boast private elevator access, opening directly into a grand foyer with ornate plaster ceilings and crown molding. Monthly HOA fees range from $1,400 to $1,900, covering heat, water, insurance, doorman services, exterior maintenance, lawn care, scavenger services, and snow removal. This comprehensive fee structure allows residents to enjoy a worry-free lifestyle in this historic property.

Classic comforts with modern conveniences

The Narragansett offers a blend of vintage charm and contemporary amenities designed to enhance residents' daily lives. The building's stunning Art Deco lobby, featuring book-matched paneling and terrazzo floors, provides a grand welcome to residents and guests alike. A 24-hour door staff ensures security and convenience, while on-site maintenance personnel attend to the building's upkeep. For those who appreciate outdoor relaxation, the building provides access to a shared outdoor space, perfect for enjoying Chicago's pleasant summer weather. Bicycle enthusiasts will appreciate the dedicated bike storage room, a practical amenity for urban dwellers. The Narragansett caters to modern needs with a community laundry facility, though many units now feature in-unit laundry. Additional storage lockers in the basement offer extra space for residents' belongings. The building's elevator system has been updated with keyed access for enhanced security. Parking, often a challenge in urban settings, is addressed with deeded parking spaces available for residents. This feature is particularly valuable given the building's proximity to the lakefront and popular neighborhood attractions. Central air conditioning in many units ensures comfort during Chicago's warm summers, while the building's solid construction provides excellent insulation against the city's notorious winters. The Narragansett's blend of historic character and modern updates creates a comfortable living environment that respects its architectural heritage while meeting contemporary lifestyle needs.

Cultural richness meets lakefront serenity

The Narragansett's location in Hyde Park places residents at the heart of one of Chicago's most culturally rich and diverse neighborhoods. This area, known for its intellectual atmosphere and architectural significance, offers a unique blend of urban amenities and natural beauty. Just steps from the building, Harold Washington Park provides a serene green space for relaxation and recreation. The park features tennis courts, picnic areas, and a playground, offering residents a convenient outdoor retreat. A short walk further leads to the stunning Promontory Point, a man-made peninsula jutting into Lake Michigan, providing breathtaking views of the Chicago skyline and a popular spot for picnics, sunbathing, and lakefront strolls. Culture enthusiasts will appreciate the proximity to world-class institutions such as the Museum of Science and Industry, located just a short distance away. The Hyde Park Art Center, Chicago's oldest alternative exhibition space, showcases emerging artists and hosts various cultural events, adding to the neighborhood's vibrant arts scene. For daily necessities and gourmet treats, residents have easy access to a variety of shopping options. Whole Foods Market and Trader Joe's are within walking distance, offering high-quality groceries and specialty items. The nearby shopping district along 53rd Street features a mix of local boutiques, chain stores, and diverse dining options, catering to a range of tastes and needs. Education is a cornerstone of Hyde Park, with the prestigious University of Chicago campus nearby. The neighborhood is also home to excellent public and private schools, including Kenwood Academy High School, known for its strong academic programs. The area's dining scene reflects its diverse community, with options ranging from casual cafes to fine dining establishments. Notable spots include the historic Valois Restaurant, a cash-only diner known for its hearty American fare, and the eclectic Cafe 53, a cozy coffeehouse perfect for a relaxed meal or study session. Hyde Park's commitment to green spaces is evident in its numerous parks and gardens. Besides the lakefront parks, residents can enjoy Kenwood Community Park, which offers sports fields, tennis courts, and a community garden, fostering a strong sense of neighborhood connection. The Narragansett's location in Hyde Park provides residents with a unique living experience that combines the tranquility of lakeside living with the vibrancy of a culturally rich urban neighborhood, making it an ideal home for those who appreciate both natural beauty and intellectual stimulation.

Well-connected urban living

The Narragansett's location in Hyde Park offers residents excellent transportation options, making it easy to navigate both the neighborhood and the greater Chicago area. The area's high bike score reflects the neighborhood's bike-friendly infrastructure, with numerous bike lanes and the nearby Lakefront Trail providing scenic routes for cyclists. Public transportation is readily accessible, with several bus stops within a short walking distance of the building. The E Hyde Park & East End stop, just a five-minute walk away, serves multiple bus lines including the Jackson Park Express, Stony Island, and U. of Chicago/Kenwood routes. These bus lines connect residents to various parts of the city, including downtown Chicago. For those preferring rail transit, the 53rd Street Hyde Park Metra station is approximately a 10-minute walk from The Narragansett. This station, served by the Metra Electric Line, provides quick and convenient access to downtown Chicago and other parts of the city. The South Shore Line, accessible from the 55th-56th-57th Street Station about a mile away, offers additional commuting options. Residents who prefer to drive will appreciate the building's proximity to Lake Shore Drive, providing easy access to downtown Chicago and other lakefront neighborhoods. The location also offers relatively quick drives to both of Chicago's major airports, with Midway International Airport about 20 minutes away and O'Hare International Airport reachable in about 40 minutes, traffic permitting. The neighborhood's walkability is another transportation asset, with many daily necessities, dining options, and cultural attractions within easy walking distance. This pedestrian-friendly environment encourages a healthy, active lifestyle while reducing reliance on vehicular transportation. For those who do drive, The Narragansett offers the valuable amenity of deeded parking spaces, a significant convenience in an urban setting where parking can often be challenging. This feature allows residents to enjoy the benefits of car ownership without the typical hassles of city parking. The diverse transportation options available to residents of The Narragansett provide flexibility in navigating the city, whether for work, leisure, or daily errands. This connectivity, combined with the neighborhood's inherent walkability, contributes to a convenient and well-rounded urban living experience.

Building Details

Recreation

  • Trails
  • Bike Trail

Outdoor Features

  • Waterfront Community

Amenities

  • Views
  • Doorman
  • Coin Laundry
  • Package Room
  • Bike Room
  • Community Storage Space

Parking

  • 1 Parking Space
  • Uncovered Parking
  • On-Site Parking
  • Parking Lot
  • Off-Street Parking
  • Assigned Parking

Pet Policy

  • Dogs and Cats Allowed

Condo Association

  • $1,433 Monthly HOA Fees
  • Monthly HOA Fees Range from $1,433 - $1,879
  • Association fees include heat, water, insurance, doorman, exterior maintenance, lawn care, scavenger, snow removal
  • Caree Shutlman Association, Phone Number (630) 627-3303
  • The Narragansett Subdivision
  • Property managed by Hillcrest Property Management

Building Design

  • Elevator
  • High-Rise Condominium

Unit Information

Unit
16A
20A
21C
Date
02/21/2025
08/21/2024
08/08/2024
Beds
1 Bed
2 Beds
2 Beds
Baths
1.5 Baths
2 Baths
2 Baths
Sq Ft
1,400
1,900
1,839
Price
$119,500
$225,000
$267,500
Price / Sq Ft
$85 / Sq Ft
$118 / Sq Ft
$145 / Sq Ft

Unit Size and Value Ranges

Studio Units
Sq Ft Range
None Available
Est. Values
$163,180 - $487,251
1 Bedroom Units
Sq Ft Range
800 - 1,400
Est. Values
$140,516 - $223,000
2 Bedroom Units
Sq Ft Range
1,839 - 1,900
Est. Values
$195,272 - $274,343
3 Bedroom Units
Sq Ft Range
2,800 - 4,000
Est. Values
$180,817 - $487,251
All Units
Sq Ft Range
800 - 4,000
Est. Values
$140,516 - $487,251

Map

Area Factors

Low Crime

Crime Score®

4 / 10

Biker's Paradise

Bike Score®

94 / 100

Very Walkable

Walk Score®

80 / 100

Good Transit

Transit Score®

63 / 100
Sources: WhatIsMyCrimeRisk.com, Walk Score
Sources: WhatIsMyCrimeRisk.com, Walk Score

WhatIsMyCrimeRisk.com, Powered by CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks. Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.

Environmental Factors

Active

Sound Score®

69 / 100

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Air Pollution®

N/A / 10

--

Flood Factor®

N/A / 10

--

Fire Factor®

N/A / 10

--

Heat Factor®

N/A / 10

--

Wind Factor®

N/A / 10
Source: First Street, How Loud
Sources: First Street, How Loud

Sound Score® measures the noise level of any address. Environmental risk data is provided by First Street Foundation® and is designed to approximate risk and not intended to include all possible scenarios.

Parks in this Area

Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology
Disclaimer: Please note that this building may not be in these schools' attendance zones.

Agents Active in this Building

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Property Taxes

Range in Assessed Values
$2.0K - $53K
Range of Taxes in Building
$93 - $3,908
Range of Taxes per Sq Ft
$0.08 - $1.30

Property Tax History

Source: Public Records

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Building Team

Architect
Leichenko & Esser
Property Management
First Service Residential - The Narragansett
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed and should be independently verified.