“Mega money flowing into the hood”: The 5-Bedroom Greystone at 4436 N. Paulina

We last chattered about this 5-bedroom vintage greystone at 4436 N. Paulina in Uptown in October 2010.

4436-n-paulina-approved.jpg

See our prior chatter here.

Much of the discussion centered on million dollar houses in Uptown.

This house is located north of Montrose, which puts it squarely in west Uptown (as Gary pointed out in October- Ravenswood is the dividing line between Lincoln Square and Uptown.)

The Graceland West neighborhood (also technically a part of Uptown) is considered to be south of Montrose.

The listing attempts to point out that this isn’t a neighborhood you would normally consider “uptown.”

It states: “Multimillion $$ homes everywhere. Mega money flowing into the hood.”

If you recall, the house was built in 1898.

The listing says the first two floors have been renovated.

3 out of the 5 bedrooms are on the second floor with the master bedroom on the third floor which is currently being used as a rec room (no bathroom on that floor apparently.) The 5th bedroom is also on the third floor.

The listing says the kitchen is “updated” with an open floorplan. There are cherry cabinets and stainless steel appliances.

The house is on an oversized 38×165 lot which allows for plenty of green space and a rare 3 car garage.

The listing says it is an “unbelievable price for this much house and land.”

Since our October 2010 chatter, it has been reduced $79,000.

What will it take to sell this house?

Kirste Gaudet at Coldwell Banker still has the listing. See the pictures here.

4436 N. Paulina: 5 bedrooms, 3 baths, 3 car garage, no square footage listed

  • Sold in July 2000 for $536,000
  • Originally listed in June 2009 for $1.35 million
  • Withdrawn
  • Was listed in August 2010 for $1.199 million
  • Reduced
  • Was listed in October 2010 at $1.099 million
  • Reduced
  • Currently listed at $1.02 million
  • Taxes of $12,286
  • Central Air
  • Bedroom #1: 25×22 (third floor- being used as a rec room)
  • Bedroom #2: 20×14 (second floor)
  • Bedroom #3: 15×12 (second floor)
  • Bedroom #4: 13×12 (second floor)
  • Bedroom #5: 14×10 (third floor)

27 Responses to ““Mega money flowing into the hood”: The 5-Bedroom Greystone at 4436 N. Paulina”

  1. meh

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  2. well if I was forced to live in uptown, I could certianly make it work in this house, very nice, close to el but not too close, not on major street, big lot, nice house, not sure about the million dollar price tag but lots of potential in this place

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  3. looks like it’s next to a school parking lot.

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  4. Anyone been in it? Sounds like they ran out of money trying to rehab the place. Only 1 bath on second floor for $1MM (or $1.35MM ask at one point)?

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  5. “looks like it’s next to a school parking lot.”

    realtors like to call them “Remote control car fun zones”

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  6. it’s actually a church parking lot. Up on this hood there is about 3 churches per block.

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  7. there are about 3 churches per block.

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  8. “Best buy in hot hot neighborhood”? Doesn’t say much for the neighborhood if you’ve been on the market for 322 days.

    What’s shown looks great but a 5 bed house with only two full bathrooms (the other 1 is really 2 half baths), possibly only one of which is upstairs? At this price point that’s going to be a no-go for most.

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  9. It’s a beautiful house, but I would hate to live next to a church.

    “What will it take to sell this house?”

    Move it to a different neighborhood.

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  10. Uptown is so upside down. The closer you get to the lake, the worse the neighborhood (esp. east of Broadway). This is the nicest part of Uptown, IMHO, and a great example of why you can’t generalize about a neighborhood. Do you think the home value suffers because of the negative connotations associated w/ “Uptown”?

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  11. As an Uptown resident, I can tell you almost no one in Uptown considers this area as part of Uptown – this is Ravenswood. I still don’t understand which lines count for this kind of thing, but I’m not sure anyone would fault the agent for listing this as Ravenswood.

    This neighborhood is lovely – replete with McMansions and pointless boutiques. The school here is good too – for someone priced out of SoPo, this seems like a good option.

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  12. West of Clark = Ravenswood, not Uptown. Otherwise, Rahm would be getting some street cred for living in “Uptown”

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  13. Correction, Rahm’s south of Montrose …

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  14. What will it take?

    20 years of bad decisions by that alderwoman reversed. She was the biggest obstacle to changing the neighborhood over the years.

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  15. “As an Uptown resident, I can tell you almost no one in Uptown considers this area as part of Uptown – this is Ravenswood. I still don’t understand which lines count for this kind of thing, but I’m not sure anyone would fault the agent for listing this as Ravenswood.”

    There was an extended neighborhood/community area discussion the last time this property was chattered.

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  16. “20 years of bad decisions by that alderwoman reversed. She was the biggest obstacle to changing the neighborhood over the years.”

    I’ve heard similar things about the former alderman for Portage Park/Six Corners…how interesting that both alderman are gone, changes are finally happening in both nabes and properties in both are featured consecutively on CC

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  17. Yeah, I’d say this was Ravenswood, too. It may be in the same district, but it really feels to me that the west side of Clark is the start of Ravenswood.

    It’s nice as far as SFH’s go and Paulina (and surrounding streets) are really nice and quiet – but I still think this probably needs to come down to 950K, if not lower, before it sells.

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  18. “I’ve heard similar things about the former alderman for Portage Park/Six Corners…how interesting that both alderman are gone, changes are finally happening in both nabes and properties in both are featured consecutively on CC”

    Alderman Tom Allen 38th was a darn good guy, he got stuff done but because he wasnt “connected” *enough he couldnt get what he wanted. he was connected enough to get the judge appointment but he worked darn hard for the 38th and is the reason for the 6 corners rejuvenation.

    Tom Allen was always accessible to his peeps and bent over backwards to help them. he just didnt play the “chicago game” well enough to get the things done i thought needed to be done.

    he was kind of like “good ol drunkie” in the 41st ward, a good people guy that everyone loved but didnt know the workings of the game enough to get perks for the ward.

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  19. “What will it take?

    20 years of bad decisions by that alderwoman reversed. She was the biggest obstacle to changing the neighborhood over the years.”

    Amen

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  20. Groove: YOu know better than this being a life long Chicago resident. Tthe only ‘perk for the ward’ is the $500 political donation from the developer to the alderman for each zoning change from r-1 to r-3.

    sorry guys, back to lurking.

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  21. HD: Great to see you again!

    This is a nice house, but I agree, I think it needs to come under a million to sell. Realtors fudge all the time on nieghborhoods, I would definitely list it as Ravenswood whether or not it technically is. Uptown is not a selling point for a $1M house.

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  22. Yep, this is “Ravenswood,” not “Uptown.” And Clark-Broadway-Montrose-Lawrence is “Sheridan Park.”

    People who criticize the “alderwoman for the last 20 years” probably have no memory of what the 46th Ward was like in the previous decades, when Machine-hack aldermen and professional slumlords presided over arson-for-profit and other evils. Their nefarious activities gave Uptown the bad rep that has taken, and will take, years to overcome.

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  23. It is STILL Uptown- by the neighborhood definitions (the same way Graceland West just to the south is also Uptown even though some realtors try and list it as Lakeview when it is not.)

    It’s like saying Southport isn’t Lakeview- when it clearly is.

    This is a great area, by the way. I don’t think you could buy a SFH in this area for under $750k these days (unless it needed a ton of work.) So I don’t know why Clio would be scared to be in this neighborhood. I just walked around most of it and there were kids playing in their front yards in sprinklers, people out gardening etc.

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  24. Clio was also scared of walking in SL. I walk around with my baby and mostly see other parents with young kids and people working out or walking their dogs. The only place that is a bit dodgy is near the Roosevelt subway line.

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  25. “by the neighborhood definitions (the same way Graceland West just to the south is also Uptown”

    By WHAT neighborhood definitions? By the “official” Community Area map, GL West is, indeed, in Lake View.

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  26. this is exactly why the “lakeview” as one word drives me batty.

    Lakeview, one word, has its origins in some weird vague description of PART of gentrified Lake View that the Tribune and Reader made fashionable in the 80s.

    Unfortunately it has little basis in reality, and leads to bona fide typos like “Lakeview High School.” I do a lot of editing, so sue me. : )

    but yes, Uptown is both a community area as well as a historic neighborhood in that larger area – Ravenswood complicates things as it lives in a few community areas, I think it is slowly going out of vogue since they renamed the old Ravenswood Line the Brown Line.

    >It’s like saying Southport isn’t Lakeview- when it clearly is.

    >>By WHAT neighborhood definitions? By the “official” Community Area map, GL West is, indeed, in Lake View.

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  27. UPTOWN RULES!!!

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