News and information about 3750 N. Lake Shore Drive, Chicago, IL 60613
ANNUAL MEETING AND BOARD ELECTIONS
Don’t miss the 3750 Annual Meeting at 7pm Tuesday, October 22, 2019. This is the time to elect board members, here from all the 3750 committee chairs, ask questions of board members and connect with your neighbors. The following individuals have been slated by the Nominating Committee to run for the open positions on the Board. For three year terms:
- John McCarthy, slated for his second term
- Peter Ruggiero, slated for his second term
- David Narwich, slated for his first term
Please join us in thanking the Nominating Team for their efforts in bringing forward this slate and our Nominees for agreeing to run for these important positions. Our By-Laws allow for shareholders to run as independents. If you wish to do so, please submit your nominating petition signed by at least 15 shareholders to the management office no later than 5:00pm Tuesday, October 8th.
MARK YOUR CALENDAR
Chicago Marathon Sunday October 13.
We’re Mile 8! Inner Lake Shore Drive from Belmont to Sheridan – in front of 3750 – will be closed from 7am to Noon. You can stand in front of our building and cheer runners on.
Haunted Halsted Halloween Parade, Oct 31, 7:30 pm
This is the culmination of 7 days of Halloween on Halsted. Voted as one of the one of the 10 Best Halloweens in the US by Fodor’s Travel Guide and Redfin’s #3 Best City for Halloween.
- Lakeview Halloween Pup Crawl: Saturday October 26, 10am-1pm
- Kids Zone by Howard Brown Health: Saturday October 26, 1pm-3pm Zombie Brunch: Sunday October 27
- Sundead Fundead Zombie Bar Crawl | Sunday October 27 Parade Viewing & Dance Party at FFC Boystown Thursday October 31 Haunted Halsted Halloween Parade: Thursday October 31. 7:30 pm
More info: https://northalsted.com/events/halloween/
GET TO KNOW YOUR NEIGHBORS:
LAURA WASHINGTON AND MIKE RICHMOND – 8C
How long have you lived at 3750? Laura: I came in 1995 Mike: I bought my first unit in 1981 with my brother. I lived here on and off then bought another unit in 1993.
Where were you born? Laura: Chicago Mike: Chicago
Where did you grow up? Laura: Chicago Mike: Chicago
What was your favorite vacation? Laura: West Africa, Mail, Senegal Mike: No favorite. Enjoy every trip
Where would you like to go where you have never been? Laura: Anywhere in Europe. Thailand Mike: Thailand
Which talent would you most like to have? Laura: Sax. I always thought a women sax player was cool and sexy. Mike: Sing.
What is your most treasured possession? Laura: Mike – although he’s not a possession Mike: I don’t have anything like that.
If you did not live in Chicago, where would you like to live? Laura: San Francisco. I love the city, the diversity, the counter culture Mike: Miami Beach, St. Helena in Napa
Who is the most famous person (living or dead) you would like to meet? Laura: I would like to interview Trump Mike: I’d like to see my folks again, who have passed away.
Who is the most famous person you have met? Laura: Barack Obama Mike: Barack Obama
What was your favorite concert? Laura: Bruce Springsteen Mike: YoYo Ma. He performed a symphony written by Esa-Pekka Salonen, the Finnish conductor and composer, with the Chicago Symphony.
Book you’ve been recommending lately Laura: The Harry Hole detective series by Norwegian writer Jo Nesbo, The Snowman Mike: Circe by Madeline Miller – a retelling of the goddess’s story
If you had to eat one food for the rest of your life, what would it be? Laura: Vanilla Haagen-Dazs Mike: Peanuts
3750 LAKE SHORE DRIVE Through the Centuries
A Succession of Owners of the 3750 Lots (1930-1946)
Researched and written by Todd Cannon, 4B
Like many luxury rental apartment buildings in Chicago constructed in the years before the 1929 financial crash, 3750 began to experience decreasing rental income as the Great Depression of the 1930’s progressed. A Chicago Tribune article dated Wednesday, 5 June 1946 (p. 35) gave the original yearly rent roll for 3750 as $461,664 ($6,807,103 in 2019 dollars). It is believed that this figure may have been estimated based on the projections of owner Emil W. Carlson for a 100% occupancy rate when the building was constructed in 1926-1927 and not on the actual initial rents in the late 1920’s. Carlson’s actual rental rates fell far short of his projections. The annual 100% occupancy rent roll as of April 1930 as projected from data in the 1930 US Federal census would have been $357,972 ($5,228,743 in 2019 dollars). Ten years later in April of 1940, an extension of the monthly rent figures in the 1940 US Federal census would have produced a 100% occupancy annual rent roll of $250,212 ($4,490,108 in 2019 dollars), a decrease of 30% in revenues in ten years. As noted, these figures are based on projected 100% occupancy rent rolls. Occupancy rate in 1930 was 71% and it fell to 63% in 1940.
As will become apparent, the monthly rental fell even further by 1946 when the annual rent roll was frozen at a 100% occupancy rate of $228,420 ($3,153,113 in 2019 dollars).
The building continued to attract new tenants through the 1930’s. Newspaper ads during this period touted “the comforts of spacious apartments, restricted tenancy and refined atmosphere”; “large light rooms, canvased, paneled walls, large closets, wood burning fireplace, colored tiled baths, concealed radiation, and tiled swimming pool” (1931).
Ads in the mid to late 1930’s to 1940 featured “5 to 8 room apts., in exclusive elevator building, for those fastidious tenants who seek a distinguished home, which combines individuality, luxury, and dignity with superior service” (1936); “ENJOY LIFE high above the noise of traffic and the heated pavements, FAR AWAY from the dust, the clamor, and the uninspiring view of congested areas. From our large, roomy apts., there is a magnificent view of the park and lake. Dean Blake, Resident manager” (1940). “Every apt. enjoys a high degree of privacy. Elevators service only 2 apts. per floor. All rooms are large incl. kitchen which is light and airy; butler’s pantry with excellent working & serving facilities; wood burning fireplaces; tile swimming pool; low garage parking. ATTRACTIVE RENTALS. Dean Blake, resident manager”(1940).
A sample auction of household furniture taken from a 3750 apartment gives an indication perhaps of the types of interiors one might have found in the building:
SHERIDAN ART GALLERY, 4818-20 SHERIDAN RD, 6 June 1935: Hazelton grand piano, 140 pc. Set of sterling silver with chest, 10 pc. Louis XV satinwood dining room suite (original cost $5,000). Buhl commode, 2 pc. Brocated hand carved down living room suite, 2 pc. Louis XV down love seats, needlepoint high-back chair, pr. Antique Sevres vases. Sevres lamp, Louis XV down chaise longue. 3 pc. Sevres clock set, 4 pc. Maple bedroom suite, 7 pc. Louis XV hand decorated bedroom suite, two twin bedroom suite, mahogany secretary, Provincial mahogany desk, antique Bakhara, Feraghann, and Chinese oriental carpets; antique rosewood chairs, antique Victorian and English wing chairs. Jade, Dresden and quartz table lamps, bronzes, Meissen figurines, oil paintings, etchings, water colors, Sheffield and sterling, marble statuary, linens, etc. (Chicago Tribune, Sunday, 2 June 1935, p. 75).
There are a number of similar advertised auctions for 3750 households in the 1930’s and early 1940’s including one offering two pedigreed Pekingese puppies to be bid on! (Chicago Tribune, Sunday, 13 February 1938, p. 56).
The 1940 US Federal census for 3750 Lake Shore Drive, taken 2 & 3 April, reveals that 84 of 128 apartments were occupied including 3 by staff members. Rents ranged from a low of $90 to a high of $225 ($1,615 to $4,038 in 2019 dollars). Of the 81 non-staff tenants, 34 had lived in the building in 1935 and 11 had resided at 3750 in 1930. As indicated above, both the 1930 and 1940 censuses recorded monthly rents paid. An analysis of these 11 tenants resident in both 1930 and 1940 reveals that they paid an average of 34% less rent in 1940 than in 1930. Among the more dramatic drops in monthly rents were from $330 to $160 ($5,921 to $2,871 in 2019 dollars); $310 to $175 ($5,563 to $3,140 in 2019 dollars), and $250 to $150 ($4,486 to $2,692 in 2019 dollars).
As mentioned above, there were 3 staff members occupying units: the engineer ($0 rent); assistant engineer ($25); and an elevator operator ($10). Help wanted ads in the 1930’s and 1940s’ were for multiple elevator operators working 24-hour shifts. Several 1940’s rental ads suggested that all four passenger elevators were fully staffed.
Of the 81 heads of household listed in the 1940 census, 15 were foreign born: Germany (4); Russia (3); England (2) and 1 each from Hungary, Norway, Northern Ireland, Scotland, and Canada. The residents employed a total of 34 servants including 25 maids, 4 nurses, 3 housekeepers, 1 chauffeur, and 1 cook. Of the 11 foreign born staff, 3 were from Sweden, 2 from Germany, and 1 each from Austria, Finland, Czechoslovakia, Irish Free State, Denmark, and Norway. Four households employed two servants.
Occupations of the 1940 heads of household living at 3750 varied widely with lawyers (5) and medical doctors in private practice (4) representing a large percentage. There were also managers of a gas station; of meat packing, furniture making, machinery, and baking companies; of an auto dealership, a machine shop, a real estate agency, and an insurance agency (2). Presidents were in charge of a variety of companies in the following industries: textile, cosmetics, insurance, scientific research, automotive accessories, paper as well as a president of a labor union. Executives and VP’s worked for the following types of companies: radio, oil, shoe, pubic service, department store advertising, publishing house, trade convention, hosiery, insurance, gloves, newspapers, tool factory, wholesale, furniture, and film (2). Other professions included 3 restaurant proprietors; owners of a furniture store and of a camera shop; clothing store and vending machine salesmen; a stock broker, a civil service examiner, an interior decorator, and a math teacher.
The firm of Ross, Browne & Fleming was appointed managing and renting agent of 3750 in July of 1941. They began a more creative ad campaign to boost rentals in the building (samples to be included in October’s article). The new firm soon had even more challenges when the Federal government imposed rent price controls on Chicago real estate starting on 1 July 1942.
On 28 August 1942 a brief was filed by several rental buildings in Chicago including 3750 requesting relief from the level of controls imposed on the buildings and stating that unless relief was granted, the results would be confiscatory (Chicago Tribune, Thursday, 28 January 1943, p. 21). The OPA (Office of Price Administration) on 21 January 1943 denied a rental increase to cover costs to 3750, 900 North Michigan avenue and several buildings on the south side which had brought suit. These buildings in the suit, including 3750, stated that costs throughout the Chicago area had risen nearly 10 percent in the last year. They stressed that inability to raise rents were likely to force owners to be unable to pay real estate taxes and to lose their property thru mortgage foreclosure (Chicago Tribune, Tuesday, 16 February 1943, p. 23). The attorney for the above buildings filed a protest to the Emergency Court of Appeals in Washington, D.C., but no relief was granted.
The OPA froze the rental rates at 3750 to a range of $90 to $225 ($1,459 to 3,647 in 2019 dollars). Faced with these low rental rates and the inability to increase them, it appears that the owners of 3750 were unable to cover the continually increasing operating costs, taxes, and the monthly mortgage payments; in 1946 they apparently defaulted on the Metropolitan Life Insurance Loan on the building.
BIG APARTMENT BUILDING IS SOLD FOR $1,720,000 Lake Shore Dr. Property Goes to Syndicate
“The 17 story apartment building, 3750 Lake Shore Dr., at the south-west corner of Grace St., was purchased yesterday by a syndicate for $1,720,000 ($23,742,899 in 2019 dollars). The buying group, headed by George D. and Harold E. Sullivan of the law firm Sullivan, O’Toole & Sullivan, included Byron A. Cain and Martin A. Culhane, of the real estate firm of Cain & Culhane, and others. The seller was the Metropolitan Life Insurance Company.
“The buyers paid $350,000 cash ($4,831,404 in 2019 dollars) and gave a 24-year, 4 percent purchase money mortgage for $1,370,000 ($18,911,495 in 2019 dollars) for the balance.
COST PLACED AT $5 MILLION
“The Great Lakes Mortgage Company, Chicago loan correspondent of Metropolitan Life, negotiated the mortgage and represented the seller. Cain & Culhane was a sole broker. Cain said the purchase was for investment.
“Erected in 1927 and 1928 by Emil W. Carlson from plans by Robert S. De Golyer & Co., the building was said to have represented a total investment in land and building of about 5 million dollars” ($70,176,816 in $2019 dollars) (Chicago Tribune, Wednesday, 5 June 1946, p. 35) (Note that the article is in error as 3750 was erected in 1926 and 1927)
No mention was made in the Chicago newspapers of the name or names of the seller or sellers. Without consulting the building’s abstract, it is not known if Emil Carlson continued to own the building in 1946. His original loan taken out for $2,000,000 in 1926 ($28,070,726 in 2019 dollars) was with the Metropolitan Life Insurance Company.
Next time: How the apartments were marketed in the 1940’s; 3750 purchasing Syndicate members Byron A. Cain and Martin A. Culhane are convicted and sent to federal prison; and conversion to co-operative ownership.
HEALING CAMBODIA: An insider’s look at the unprecedented tribunal bringing the Khmer Rouge to justice and a country to closure was presented by Steffanie Garrett, in conjunction with the 3750 Lake Shore Drive Distinguished Speaker Series, delivered an in-depth and thought-provoking presentation September 15.
Many requested Steffanie’s reading list. Here it is: The Gate (Le Portail – in the original French) by François Bizot First They Killed My Father by Loung Ung. Also a movie directed by Rithy Panh and Angelina Jolie All the Missing Souls – A Personal History of the War Crimes Tribunals by David Scheffer
3750 BOOK CLUB
Join the 3750 Book Club Tuesday, November 5 at 7pm in the Grace Street Lobby. Book Club will be reading Orphan Train by Christina Baker Kline. Rich in detail, epic in scope, the novel tells the story of two very different women who build an unexpected friendship: a 91 year-old woman with a hidden past as an orphan train rider and the teenaged girl whose troubled adolescence leads her to see answers to questions no one has ever thought to ask. Registration is Free. Contact Heather Anderson (9H) 727-331-2580 or email@example.com
RAVENSWOOD – LAKEVIEW HISTORICAL SOCIETY
Activities in the near future sponsored by the Ravenswood – Lake View Historical Association (in conjunction with the Conrad Sulzer Regional Library, 4455 N. Lincoln Ave. ,Lerner Auditorium) may be of interest to 3750 residents and their friends:
- Historical Collection Open House: Saturday, October 5 from1pm-4pm.
- The Talking Statures of Chicago: Thursday, October 17 at7pm) & Wed. October 23 at 1pm.
- Lost Restaurants of Chicago: Wednesday, November 6 at 7pm.
3750 RESTAURANT RECOMMENDATION
David Narwich recommends GALIT 2429 North Lincoln (next to the Biograph Theater) 773) 360-8755 http://galitrestaurant.com
A quick trip to Halsted and Fullerton will bring you to Galit, one of Chicago’s newer and very popular restaurants specializing in Middle Eastern cuisine. The menu items constitute a meltingpot of standard and inventive items common to Israel, Iraq, Greece, Tunisia and Turkey. The servers are very congenial and adept at guiding guests through the impressive array of small and large plates prepared in the kitchen’s charcoal hearth and wood-burning oven. Guests looking for an array of taste treats may opt for “The Other Menu” – a family-style tasting menu. An interesting note is that the Chef, Zach Engel, was the recipient in 2017 of the James Beard Rising Chef Award for his modern Israeli food at Shaya in New Orleans. We want to hear from you! Submit your restaurant reviews and recommendations to Linda Stern – firstname.lastname@example.org
REDEFINE THE DRIVE – AND YOUR FRONT YARD
A public meeting was held September 26 for the Montrose/Wilson/Lawrence portion of the Redefine the Drive plan. This meeting is one of a series of public meetings that are being held by the Illinois Department of Transportation and the Chicago Department of Transportation. The project details plans for the Drive from Grand to Hollywood. Details about the plans and future meetings can be found here: https://www.northlakeshoredrive.org/
A public meeting was held at the end of August to review the Diversey Parkway to Irving Park portion of the plan. Details include:
- A SB LSD entrance and a NB LSD exit ramp at Addison Street. (This would involve NB LSD traffic going under LSD to go west on Addison.)
- The elimination of Recreation Drive and the parking now on Recreation Drive
- Creation of a parking “lot” with approximately 80 diagonal parking spaces along the east side of inner LSD between Grace and Addison, This is west of LSD.
- Creation of a parking “lot” with approximately 80 diagonal parking spaces along the east side of inner LSD between Grace and Addison, This is west of LSD.
- Creation of a tunnel at Briar Place for vehicles to cross under LSD and provide access to Belmont Harbor and Harbor parking. Access to the Briar Place tunnel would be from Belmont.