2-Bedroom Wicker Park Loft House Reduces Another $20,000: 1275 N. Hermitage
We’ve chattered about this 2-bedroom single family home with loft features at 1275 N. Hermitage in Wicker Park several times.
See our May 2012 chatter here.
It was listed last fall and then withdrawn. The house then came back on the market in the spring at a slightly higher price.
But since that time, it has been reduced another $20,000.
In the two other times we chattered about it, some of you were concerned that the El was just a little too close for comfort.
If you recall, the house is more like a loft than your typical single family home.
Built in 1881 on a 37x15x25x39 lot, it has exposed brick and ductwork common in most lofts.
At 2000 square feet, the master suite is located on the second level, along with an office.
The second bedroom is in the lower level with a full bath.
The house has 2 outdoor spaces including a 13×9 deck off the main level and a 360 degree panoramic rooftop deck.
The kitchen has cherry cabinets and Wolf and Subzero appliances.
While the house has central air, it doesn’t have any parking. There is apparently 2-car leased parking nearby.
Is the lack of parking what is holding this property back from a sale? We’ve seen plenty of properties directly on the El tracks sell quickly before.
Jenna Smith at Redfin still has the listing. See the pictures here.
1275 N. Hermitage: 2 bedrooms, 2.5 baths, 2000 square feet
- Sold in June 1989 for $23,500
- Sold in July 1990 for $55,000
- Sold in December 1995 for $150,000
- Sold in December 1999 for $215,000
- Sold in December 2003 for $330,000
- Sold in June 2008 for $482,000
- Originally listed in August 2011 (I couldn’t find an original list price)
- Was listed in September 2011 for $449,900
- Reduced
- Was listed in October 2011 at $435,000
- Withdrawn in October 2011
- Re-listed in May 2012 at $439,900
- Reduced
- Currently listed at $419,900
- Taxes of $6617
- Central Air
- No parking- 2 car leased parking available nearby
- Bedroom #1: 19×14 (second level)
- Bedroom #2: 23×14 (lower level)
- Office: 23×11 (second level)
Still disappointing and becoming duller by the moment. I can’t see more than 300K
I like it, and that price doesn’t seem that outrageous to me — I think they’re pretty close at this point. Lack of parking sucks though.
Are those bars on the basement windows? Amazing how classy those look in the city.
I had some of those bars at my place. I ripped them off and handed them to the scrappers (hooray for gentrification).
I remember walking down this stretch of Milwaukee late night in the early 90’s (Paulina, South of North I recall being pretty bad). It was the kind of area you wanted to have those bars regardless of how they looked. I imagine there are a lot of left over metal bars out there that are just left as is. I think people prefer alarm systems now.
my partner and i had this near the top of our short list a few weeks ago, but eliminated it based off not the el proximity but i think more the room layouts are a bit small/funny, but looking at the pictures again i think it was the other factors too. This is the type of property i’d like to see a plan for in the listing, it would be extremely helpful. I mean, if not by VHT get an iPad app to do it yourself it would take 45 minutes
we didn’t even drive by, but it looks to be butting up directly next to the portion of the blue line right where it goes from above ground to below ground. that worried me a bit because it seems like a common entry/exit point for taggers into the tunnel (maybe that’s a perception issue, but there are a lot of tags in that area).
the parking looks like it’s directly on the other side of the building, not bad but not included but more importantly an uncertain future for that lot.
The zoning is actually B3-2, not residential, and IIRC the ground level can’t be a bedroom but could be set up for ancillary use as it is now, or even a storefront or restaurant. (our interests revolve around urban farming and a possible retail outlet, so that was almost interesting.)
this does but up against the el. that alone is going to turn off a lot of buyers. other than that, looks cool to me.
DINK (28-35ish) approved starter home @ ~$350k… done and done… anyone with kids will find someplace with parking and anyone young enough and single who finds the loftiness attractive will find someplace as cool for less (read: distressed sale)