The Elusive 3-Bedroom East Village Townhouse: 1101 N. Wolcott in West Town
There aren’t many townhouses in the East Village/Ukranian Village neighborhood of West Town.
This 3-bedroom at 1101 N. Wolcott has been on and off the market since July 2010.
Originally listed at $640,000, it has since been reduced to $525,000 and is now listed as a “short sale.”
It is a southwest corner unit which means 3 light exposures.
The kitchen has maple cabinets, stainless steel appliances and a large island which is open to the dining space.
2 out of the 3 bedrooms are on the third floor with the last bedroom on the main level.
Unlike most townhouse layouts, the family room is actually on the top floor, which is the fourth floor (and not in the lower level).
It opens to a 20×7 private deck.
The townhouse has 2 full bathrooms and 2 half baths along with a 2-car attached garage.
Now listed $27,000 under the 2004 purchase price, what will this ultimately sell for?
Michael Schenfeld at Koenig & Strey Real Living has the listing. See the pictures here.
1101 N. Wolcott #1: 3 bedrooms, 2 full baths, 2 half baths, no square footage listed, 2 car garage
- Sold in August 2004 for $552,000
- Originally listed in July 2010 for $640,000
- Lis pendens foreclosure filed in August 2010
- Withdrawn
- Reduced
- Currently listed as a “short sale” for $525,000
- No assessments listed. Fee simple?
- Taxes of $6956
- Central Air
- Bedroom #1: 15×13 (third floor)
- Bedroom #2: 13×10 (third floor)
- Bedroom #3: 12×11 (main floor)
- Living room: 19×14 (second floor)
- Dining room: 19×10 (second floor)
- Kitchen: 16×11 (second floor)
- Family room: 17×16 (fourth floor)
- Private deck off family room: 20×7
First and foremost, Sabrina – you need to get a job as a photographer!! Your pictures are ALWAYS much much better than any of the pictures the realtors take. With your interest in real estate and photography, why not capitalize on it? I’m sure you could make a few hundred/day on the side just by doing what you love to do!!
Second of all – this is a GREAT place for the price/location. I am shocked that it hasn’t sold. If I didn’t have my in-town, I would definitely consider this place. Even as a primary residence, it seems like a GREAT place. I absolutely love it (for the price).
I say just wait 18-22 months catch it on foreclosure for 417k.
Is anyone else getting a server error when they click on the property link?
I don’t know if clio is looking at a different place or what, but the inside of this property does not seem that nice to me. It looks like it has builder-quality finishes. In particular those round metal railings look straight from the frat house. I’m not wild about the neighborhood either. However, for the space probably somewhere in the high 4s gets it done.
not me Madeline.
I like this place. I’m not familiar with this area, but it would be an easy drive to the loop for work and large enough for kids.
I like this place too. 2 car garage, large den, formal living room area with a lrage enough kitchen, and a family room upstairs. I bet it trades near $500K.
“large enough for kids”
One bedroom on the same floor as the master and a 2d down *TWO* floors. Large enough, but a really crap layout.
“Large enough, but a really crap layout.”
the day a walk in a town home and say to myself, wow this is a nice layout. will be the day i buy a powerball and megaball quick pick ticket.
@groove dont you mean these day you WIN powerball and megaball?
I was disappointed when I looked at the pics. I thought I was going to like this, but I was wrong. That kitchen is horrible. It’s like they built the house and were like, “Oh wait we forgot to put in a kitchen! Throw it over there!”.
I understand it was built over 10 years ago… but still.
No garage pick either?
If it sells, it will be sub-five.
Uhhhh u guys may not be familiar w a thing called “Chicago real estate”- but , for the money u really can’t do better for the size, location, and general good condition of this place. Sure it doesn’t look like a million dollar place but guess what morons -ITS NOT!!!!
“@groove dont you mean these day you WIN powerball and megaball?”
i tried to word i a bit nicer than a billion to one shot.
“…it would be an easy drive to the loop for work…”
In my opinion, if one lives this close to the Loop, they shouldn’t drive. Congested enough and CTA is readily available. I feel the same for all the cabs clogging the streets.
i still say wait till the foreclosure and get it cheaper for the size, location, and condition
Groove -then u will be waiting a long time. Ur the type of guy (likeHD)who waits and waits and waits for things and then, when older or dying says”why didn’t I do this” or “why did I waste so much ti,e on that” -I see it everyday -carpe diem!
Strange. This was by friend’s place, and he said the bank took it back. Are you sure your history is correct Sabrina? That it’s not REO?
It’s a nice place, FWIW.
“Ur the type of guy”
one of the great LL Cool J songs if not the best!
“the day a walk in a town home and say to myself, wow this is a nice layout. will be the day i buy a powerball and megaball quick pick ticket.”
couldn’t agree more. Town homes are often tight depressing things.
The kitchen is fine. IIRC there are cabinets on the other side too. There’s a 2 car garage.
It gets great natural light with the end unit and Southern exposure.
CLIO: Ur the type of guy (likeHD)who waits and waits and waits for things and then, when older or dying says”why didn’t I do this” or “why did I waste so much ti,e on that” -I see it everyday -carpe diem!
You’re a doctor and you see people dying every day?
if you go to clios first post of this thread and substitute the word pornography in place of photogrophy, the second half of the first paragraph becomes the funniest advice ever given on CC.
no assessments, so couldn’t this be considered a row-house? sounds ritzier IMO than town house which makes me think of crap in east aurora
if you go to clios first post of this thread and substitute the word pornography in place of photography, the second half of the first paragraph becomes the funniest advice ever given on CC.
Madeline -yes, y is that so hard 2 believe?
“if you go to clios first post of this thread and substitute the word pornography in place of photography, the second half of the first paragraph becomes the funniest advice ever given on CC.”
LOL But Sabrina could do much better than a few hundred a day…
JPS- how do u know? Also it has long been rumored that Sabrina is actually a man – but whatever floats ur boat….
also LOL @ the yelp tab on the listing page
Alinea 4.38 mi. distance (649)
Cook Au Vin 5.16 mi. distance (51)
Romanian Kosher Sausage Co 11.33 mi. distance (28)
Raw 2.4 mi. distance (49)
Ranjana’s Indian Cooking Classes 6.51 mi. distance (20)
Ste Martaen & Soul Vegetarian Vegan Food Truck 5.36 mi. distance (29)
Birrieria Zaragoza 4.93 mi. distance (73)
Hot Doug’s 6.86 mi. distance (1752)
Deta’s Cafe 11.8 mi. distance (21)
Italian Superior Bakery 2.27 mi. distance (31)
something about it just reminded me of Rodney Dangerfield in Caddyshack… Couldn’t resist.
Now there’s a CC question of the day. Appointment with Dr. Vinny Boombatz or Clio? Both fictional characters so no worries of insulting.
FWIW, with proper staging, another unit that was sold last year,
http://www.zillow.com/homedetails/1105-N-Wolcott-Ave-Chicago-IL-60622/54537217_zpid/
http://www.redfin.com/IL/Chicago/1105-N-Wolcott-Ave-60622/home/12790890
Driveway for backing out of the garage is VERY narrow in the back of this building, after which, you come out onto an alley if I recall. Sucks in the winter when there’s ice/snow.
All hail the ZE!!!!!!!!
“Madeline -yes, y is that so hard 2 believe?’
idk..because you’re a radiologist? hahaha. i kid i kid.
“dk..because you’re a radiologist?”
ahhh this explains all the free time.
This is a great neighborhood but cooking in that kitchen would exasperate me. What is up with the cabinets sort of in their own row away from everything else in the kitchen. If anything, those cabinets should have been connected to the island to make an L. Or at least a very large square.
Location aside, I really like this place.
I thought Clio was a dermatologist. Is he treating fatal cases of psoriasis?
proctologist would explain quite a bit.
“BettyBoop on August 19th, 2011 at 11:36 am
This is a great neighborhood but cooking in that kitchen would exasperate me. What is up with the cabinets sort of in their own row away from everything else in the kitchen. If anything, those cabinets should have been connected to the island to make an L. Or at least a very large square.”
That row of cabinets sits cantilevered out from the South wall of the building: http://clientconnect.koenigstrey.com/ASPEngine/kns/out/files/101_07735791_1.jpg It adds interest to the exterior and square footage to the interior.
If those cabinets were connected to the rest of the kitchen it would look retarded and gain nothing but a useless lazy susan corner cabinet. The previous owner used that row of cabinets for a wine/coffee bar and it worked well.
I’m not picky about kitchens, but I don’t like the kitchen in this townhouse. I don’t like the placement of the island and I hate those extra cabinets off to the side.
I’m a geriatrician – that’s where I get all my knowledge. Honestly – if u listen to these old people u can learn a lot!
Jenny, yes the cabinets are so bizarre. And Brad, it already looks retarded as is, making a larger square or L would have not altered the cabinet space at all, but would have given the cook of the house the counter space next to the stove where it belongs.
“I’m a geriatrician – that’s where I get all my knowledge. Honestly – if u listen to these old people u can learn a lot!”
Really? That’s kind of disappointing. I would have expected you to be in a higher paying specialty clio.
Roz – I told u that I ,ade all my ,obey in real estate. Also , why is that disappointing?
That was supposed to read “I made all my money in real estate” -apple sucks!!!!
Everyone who has actually been in the kitchen put up your hand….
*raises hand*
Fair enough. I respect all walks of medicine I just find geriatrics to be really slow and boring. I did a month of it my sub-Intern year and was bored to death. Not that i have anything against cute old people; just not my thing.
*looks around*
Bradford – remember this is crib chatter where everyone is an expert about everything (groove knows everything about oak brook even though he probably has never even been allowed in the subdivisions, HD knows everything about real estate pricing even though he rents a crappy apt, everyone knows everything about the ivy league even though nobody-except me- has gone there, and , of course Sabrina knows everything about everything!!)
That’s what I thought. If you had firsthand knowledge of the layout, you’d realize that your comments don’t even make sense.
The standalone row of cabinets near the wall are basically a butler’s pantry for the adjacent dining room – they’re not even in the kitchen.
Riz – old people aren’t “cute”
Also riz – some of these old dying people have a lot of money-if u r resourceful enough and pay attention to what they say that money could be yours!!!!!
Am I the only person who despises all of these “newer” corner lot buildings that seem to be oblivious to the longer street side? Having a corner lot in the city is a HUGE opportunity to have two articulated facades with large window openings to flood the interior with natural light.
…alas, every single day I see more of more contractor specials that ignore their best asset and they are treated as if they were midblock residences.
sigh.
Good location, good price. You can redo the kitchen if you so desire. I looked at one of these town homes two years ago before I bought my place. They were very over priced then, but seems like this one is priced pretty well. Its a pretty big liveable space. Yes, its cookie cutter, but there aren’t a ton of unique livable homes for $500k in this area.
I should also add – do you know how much three bedroom condos are renting for these days??? For this area you can expect to pay about $2000-$24000 for a nice two bed condo. A three bedroom would rent out for $2400-$2800. It actually makes sense to buy something like this now with rates at 4.25% (i just refinanced, so yes, people can get those rates) It actually cash flows.
“A three bedroom would rent out for $2400-$2800. It actually makes sense to buy something like this now with rates at 4.25% (i just refinanced, so yes, people can get those rates) It actually cash flows.”
The question really isn’t if it’s cheaper to rent v. buy- as it is becoming much cheaper to buy in many neighborhoods now.
The real issue is:
1. Do you have the downpayment to get into the property?
2. Do you have a long term time horizon in order to ride out the downtrend?
Basically- if you think you’re going to move in the next 7 to 10 years- you should probably be renting. If you know you are going to stay put for a decade- then those are the people who should consider buying.
“f you know you are going to stay put for a decade- then those are the people who should consider buying.”
and you will have job security for the decade ahead. Otherwise no telling you can pay the mortgage.
I looked at an identical end unit in a townhome block on Pearson, just SE of this place. The layout was poor and the “penthouse family room” had a half wall that overlooked the master bedroom- a real turnoff.
The unit has since been taken off the market and is now being rented.