This 4-bedroom single family home at 7017 S. Euclid in the Jackson Park Highlands neighborhood of the South Shore has been on and off the market since October 2009.
That is 27 months without a buyer.
In that time, the house has only had one price reduction, in August of 2011, for about $50,000.
Like most of this historic neighborhood, the house was built in 1929 on an oversized 50×135 lot.
It has a wood burning fireplace and a 20×10 sun room.
The baths have porcelain tile flooring. The kitchen has maple cabinets, granite counter tops and what looks like black appliances.
It appears the main level is carpeted.
The house has a 1-car attached garage and no central air but it is just a few steps away from the Bryn Mawr Metra stop for easy commuting.
What will it take to finally sell this house?
And is it a microcosm of the Chicago housing market right now: with a stand off between the sellers and their pricing and buyers and their expectations?
Monard Lee at @Properties has the listing. See the pictures here.
7017 S. Euclid: 4 bedrooms, 2 baths, no square footage listed, 1 car parking
- Bought before 1993
- Originally listed in October 2009 for $549,500
- Reduced in August 2011 to $499,000
- Currently still listed at $499,000
- Taxes of $4347
- No central air- window units only
- Bedroom #1: 16×13 (main floor)
- Bedroom #2: 20×12 (second floor)
- Bedroom #3: 13×11 (second floor)
- Bedroom #4: 14×13 (second floor)
This 1-bedroom loft in the China Club Lofts at 616 W. Fulton in the West Loop recently came on the market.
It has authentic loft features including 16-foot high timber ceilings and exposed brick.
The large windows are south facing with an attached balcony.
The kitchen has maple cabinets, granite counter tops and black appliances.
The loft also has a sizable 10×14 bonus room that could be used as an office.
It has all the other features buyers look for including central air, in-unit washer/dryer and parking.
With the parking included, it is listed at $275,000, or $11,000 under the 2005 purchase price.
Before you all start complaining about the price, we actually chattered about Unit #513, directly below it, exactly one year ago.
Unit #513 sold in April 2011 for $265,000 (including the parking.)
You can see our interesting chatter on that unit here.
There was a long debate about rental parity of the unit. Clio believed a possible buyer would put down the $55,000 downpayment needed to get to rental parity while many, including Homedelete, thought “no way.”
The buyer of #513 appears to have put down a $54,000 downpayment, so Clio appears to have been right (gasp!) that there ARE buyers of one bedrooms with large enough downpayments still out there.
Given the history of Unit #513, even though it’s a year later, is #613 priced to sell fairly quickly?
Chris McComas at @Properties has the listing. See more pictures here.
OR you can see it in person at the Open House: Sunday, January 29 from 12-2 PM.
Unit #613: 1 bedroom, 1.5 baths, 1000 square feet
- Sold in April 1997 for $153,000
- Sold in June 2005 for $286,000
- Currently listed for $250,000 (plus $25,000 for parking) = $275,000
- Assessments of $328 a month (includes Direct tv and Internet)
- Taxes of $4132
- Central Air
- Washer/Dryer in the unit
- Bedroom: 13×11
- Bonus room: 10×14
We last chattered about this 2-bedroom cottage at 3911 N. Hermitage in Lakeview in November 2011.
See our prior chatter here.
It had gone under contract in just a month after being listed for $339,000.
Some of you were surprised it went under contract so quickly as it wasn’t much bigger than many condos in the neighborhood but the homeowner would be on the hook for all the maintenance and upkeep (instead of an association.)
What is better, the small condo or the small house?
One buyer apparently thought a house was better as it sold in early January for $329,700.
If you recall, there was a catch.
There was no parking and little outdoor space as the house was on a 25×49 lot. The 2-bedrooms were also split with the master on the second floor and the second bedroom, at just 10×8, on the main level.
There was, however, an unfinished basement and the house did have central air.
Scott Zelkin at @Properties had the listing. You can still see the interior pictures here.
3911 N. Hermitage: 2 bedrooms, 2 baths, no square footage listed
- Sold in March 1989 (no price listed)
- Sold in April 1995 for $115,000
- Sold in October 2003 for $275,000
- Originally listed inmid-October 2011 for $339,000
- Under contract by mid-November 2011
- Sold in January 2012 for $329,700
- Taxes of $5950
- Central Air
- No parking
- Unfinished basement
- Bedroom #1: 29×12 (second floor)
- Bedroom #2: 10×8 (main floor)
- Living room: 13×12
- Dining room: 14×11
- Kitchen: 11×9
- Den: 15×6
