Get a Bank Owned 2/2 on Lincoln Park for $575,000: 2626 N. Lakeview in Lincoln Park
This 2-bedroom in 2626 N. Lakeview in Lincoln Park came on the market in March 2024.
2626 N. Lakeview was built in 1968 and has 492 units and and attached rental garage.
It’s a full amenity building along Lincoln Park with a doorman, pool, exercise room, party room, bike room and sun deck. The listing also says it’s a non-smoking building.
This unit is on the 27th floor and has north, east and west exposures.
The listing says the unit is renovated, but it is also bank owned. Surprisingly, just looking at the pictures, the appliances appear to still be in the unit.
There are oak hardwood floors throughout.
The kitchen has a walk-in pantry, stainless steel appliances and “new” dark, modern cabinets.
There is a combination living and dining room.
The listing says each bedroom is en suite.
The primary bathroom has been “remodeled” and has a double vanity and an oversized glass enclosed shower.
In addition to the two bedrooms there is also a den.
This unit has a washer/dryer in the unit, central air and parking is available for lease.
2626 N. Lakeview is on Lincoln Park, near the North Pond restaurant and the shops and restaurants of East Lincoln Park. There are several bus lines nearby.
This unit last sold in June 2016 for $587,500 but has come back on the market owned by the bank at $575,000.
Is this a deal?
Thomas Cardoni at Cardoni Real Estate has the listing. See the pictures here (sorry, no floor plan).
Unit #2712-10: 2 bedrooms, 2 baths, 1764 square feet
- Sold in June 2007 for $617,500
- Sold in June 2016 for $587,500
- Lis pendens foreclosure filed in February 2022
- Bank owned in January 2024
- Currently listed at $575,000
- Assessments of $1431 a month (includes heat, a/c, doorman, cable, exterior maintenance, lawn care, scavenger, snow removal,)
- Building also has pool, exercise room, party room, cleaners, coin laundry, bike room (not sure if included in HOAs)
- Taxes of $9096
- Central Air
- Washer/dryer in the unit
- Rental parking in the building available
- Bedroom #1: 22×12
- Bedroom #2: 17×12
- Living/dining combo: 16×29
- Kitchen: 8×14
- Library: 12×12