205 & 201 South Sangamon

 

Reinhardt Building

Stories: 2

Historic Use: Hardware Store

New Use: 3 apartments

Sq. footage: 4,000 sq. ft. bldg., 40’ x 100’

Construction: Brick load-bearing walls,plaster and lath interior partitions, stone foundation, wood roof and floor

Lauer Building

Stories: 2

Historic Use: Sleeping rooms for travelers

New Use: 3 apartments

Sq. footage: 4,000 sq. ft. bldg., 40’ x 100’

Construction: Brick load-bearing walls, plaster and lath interior partitions, stone foundation, wood roof and floor

The owner developed six apartments in these two buildings that were connected in 1922 when they were under the operation of a hardware store. The buildings are connected by a door that cuts through the masonry party wall that divides the Reinhardt Building from the Lauer Building. All six apartment share a communal laundry room, elevator, and storage rooms.

 

Comments:

The Reinhardt Building as 19’ ceilings towards the front of the second floor, this allowed the owners to construct lofts in Units 1 and 2. The lofts contain the master bedrooms and bathrooms. They overlook the living area, but are pulled back from the front exterior wall, allowing them to enjoy the light and ventilation without altering the appearance of the windows from the exterior.

Comments:

The Lauer building was originally two 20’ wide buildings: 201 Sangamon (one story) and 203 Sangamon (two stories). The buildings were combined in 1922, the same time that they were connected to the Reinhardt Building next door. The floor plan still shows the original brick wall that separated the two. It runs through the centers of Units 4 and 5between the sets of front windows.

Expenses:

The entire cost of the rehabilitation of both buildings was approximately $550,000. About $175,000 was spent on the exterior, which included roof repair, a rear stair, and storefront restoration for the two buildings. The elevator cost $50,000. The remainder ($325,000) was spent on rehabbing the six apartments. The cost per square foot for the six apartments was approximately $40.62. The rent for the apartments ranges from $500 to $750 per month. The properties are located within Lincoln’s national Register District, so the owners were able to take advantage of the 20% historic Rehabilitation Tax Credit. This saved them $110,000 on the entire project, and lowered the cost per sq. ft. of the upper floor rehab to $26.88.

Floor plans

Floor plans