Buy A New Construction 5-Bedroom SFH In Lincoln Park For Under $700K: 2451 N. Ashland

This 5-bedroom new construction single family home at 2451 N. Ashland in Lincoln Park has been on the market since October 2012.

The contemporary style home has 3000 square feet and a 2-car garage on a smaller than standard Chicago lot of 25×85.

There is a deck on top of the garage.

It has a white Euro-style kitchen with stainless steel appliances.

There is a floating staircase and a lower level family room.

Two of the bedrooms are on the second floor with the third on the third level, the fourth on the main floor and the fifth in the lower level.

The house was recently reduced $50,000 to $699,000.

Is this a deal for a single family home when duplex downs in the neighborhood are selling for over $700,000?

Konstantin Shelegeda at Lakeside Property Consultants has the listing. See the pictures here.

2451 N. Ashland: 5 bedrooms, 3.5 baths, 3000 square feet

  • New construction originally listed in October 2012 for $749,000
  • Reduced
  • Currently listed at $699,000
  • Taxes of $11,206
  • Central Air
  • Bedroom #1: 20×18 (second level)
  • Bedroom #2: 11×11 (second level)
  • Bedroom #3: 20×11 (third level)
  • Bedroom #4: 15×11 (main level)
  • Bedroom #5: 13×10 (lower level)
  • Family room: 20×35 (lower level)

36 Responses to “Buy A New Construction 5-Bedroom SFH In Lincoln Park For Under $700K: 2451 N. Ashland”

  1. Isn’t this one of those smart-tech homes? If so… um.. yeah way overpriced and likely including the basement sqfootage, that + being on Ashland = dream on

  2. Sonies, did you forget that this is Lincoln Park?

  3. “likely including the basement sqfootage”

    Where are these new construction homes in the city that *don’t* include basement-level finished (important qualifier) square footage?

  4. I’m not sure that this is new construction – it may be a gut rehab with a new front. I’ll have to check when I drive by next time – definitely one of the houses near this one is not new.

  5. looking at the streetview, doesn’t seem economical to make the changes they would have had to have made–the roof line is different, the front completely different, etc. But people do strange stuff.

  6. Looks to be one of those Smart Tech homes, just with a gable roof instead of a flat top. I guess barely being within the boundary of Lincoln Park is worth an extra $2-300k over being in Logan Square.

  7. “being within the boundary of Lincoln Park is worth an extra $2-300k over being in Logan Square”

    I’d live in the nice part of Logan before I’d live on Ashland, for sure, espeically for $250k less, and on a full lot.

    Crazy thing is they $135k for the property, so about the same as they pay in better Logan locations.

  8. Cash-for-crapshack urban renewal, in full effect here. Lots of them to tear down, and already a fair number of McManses have been put up. A little bit like West Town or the Patch or whatever we’re supposed to call it. For somebody dreaming of having that big house in Lincoln Park, Logan ain’t gonna cut it. Next best thing is “Lincoln Park.”

    Are there $135k teardowns in better part of Logan?

  9. “Are there $135k teardowns in better part of Logan?”

    Not that I’ve seen–I was mixing two thoughts; 1st that I’d live in nice Logan over here, and 2d that smart-tech pays about this much in better parts of Logan than where they get the really cheap lots.

  10. Calling this Lincoln Park is pretty freaking hilarious…” All the property taxes, none of the appeal!”

    I wonder if you can smell the tannery from here…

  11. Perfect for the auto & moto noise & pollution enthusiast who also loves the fine dining of Wendy’s.

  12. What the rule again? Is basement square footage allowed int the Sq. ft. calc or not?

  13. “Isn’t this one of those smart-tech homes?”
    “Looks to be one of those Smart Tech homes, just with a gable roof instead of a flat top.”

    Does seem awfully similar. But there are some significant differences. Without having seen every smart tech home, this one seems more different from the others than any of the others seem from each other. And the agent is different. Could they have hired smart tech to build this w significant customization, which doesn’t entirely make sense. A somewhat less nice place but sub $500 price might have had better luck given this location.

  14. “Are there $135k teardowns in better part of Logan?”
    “Not that I’ve seen”

    I think prices got down to maybe $150-160, with one or two below, but the ones that were below were prob in the just a tiny bit less than better part of logan (closer to kennedy, farther from el, square).

  15. It’s a rehab with a new front facade.

  16. “Calling this Lincoln Park is pretty freaking hilarious”

    They’re calling those new $1 million rowhouses they’re building a block or two away Lincoln Park. The streets west of Ashland are also Lincoln Park.

    Sorry- but it IS Lincoln Park.

  17. By the way- if you need highway access, this part of Lincoln Park is actually preferred to most of the rest of it.

  18. “I wonder if you can smell the tannery from here…”

    Only in the winter; in the summer no chance to smell it over the garbage transfer/sorting facility.

    “Does seem awfully similar.”

    Kitchen pic is almost identical, no? And the pic outthe front window isnt actually front this house, is it?

  19. Seems like basement SF should be allowed in the listing if the basement represents usable space. This one would appear to.

  20. Ashland is some pretty serious external obscelencse. Racine southport maybe but Ashland western Irving no way.

  21. sleeping in that front bedroom with the Ashland bus and trucks rolling through all night would be a treat.

  22. “Does seem awfully similar.”

    “Kitchen pic is almost identical, no? And the pic outthe front window isnt actually front this house, is it?”

    If it is a Smart Tech they would be wise to differentiate. If they are going to market to the $700k crowd they would either promote as more upscale from their basic home or make it look like it is a different group altogether handling the more desirable areas.

  23. “Kitchen pic is almost identical, no?”

    Awfully similar. Similar enough it seems unlikely the same company is not involved. But some differences too. Peaked roof, which maybe is bc this isn’t brand new (in which case I’d ask why the company is deviating from its existing and seemingly successful biz plan) and roof deck which maybe is function of different structure. Basement is finished, while I can’t remem seeing any smart tech homes w finished basement, but I certainly haven’t seen all and may be forgetting. And agent being different is bit odd too.

    I suppose ccrd might be dispositive, but have not looked. To be clear, I think smart tech is involved but maybe it’s a different setup from the others.

    “And the pic outthe front window isnt actually front this house, is it?”

    No? Isn’t the tree the same as you see on streetview?

  24. “Ashland is some pretty serious external obscelencse. Racine southport maybe but Ashland western Irving no way.”

    HD: There have been plenty of sales all up and down Ashland in LP and Lakeview in the last 6 months. And they don’t seem to be going for any less than the 2/2s or 3/2s everywhere else in the same neighborhoods.

  25. ““And the pic outthe front window isnt actually front this house, is it?”

    No? Isn’t the tree the same as you see on streetview?”

    No, you’re right. Misinterpreted the building across the street.

  26. This is definitely a rehab with a front facade – not new construction from the ground up.

  27. “This is definitely a rehab with a front facade – not new construction from the ground up.”

    facadectomy!

  28. Sure, but this is why realtors and developers are viewed with a great deal of skepticism.

    This is certainly technically within the Lincoln Park *community area,* but how many times have we heard that those community areas don’t actually represent the neighborhoods contained within, which is why we have the West Bucktowns, the West Lakeviews, etc.

    “Sorry- but it IS Lincoln Park.”

  29. I get the feeling they buy materials and finishes from China by the shipping container.

  30. “This is certainly technically within the Lincoln Park *community area,* ”

    It is *certainly* within the community area, nothing “technically” about it. It may be a “technical” definition, but certain regulars here might say that everything west of Western is merely “technically” in Chicago, too. Doesn’t make ‘em right.

    “but how many times have we heard that those community areas don’t actually represent the neighborhoods contained within,”

    Dunno. But seems just to be arguing the same technicality in reverse.

    “which is why we have the West Bucktowns, the West Lakeviews, etc”

    No, that has nothing to do with either of the above. We have the “Wests” bc someone wants to call East Humboldt Park something ‘better’, or avoid using NorthCenter bc of some combination of its inherent blandness, no one knowing wtf it is, avoid paying me royalties for NorthCostCo, grabbing onto the ‘cachet’ of LV, etc, etc,, or otherwise associate a bland, unknown or worse area with a nearby better perceived area. Has nothing to do with the C.A. ‘failing to represent’ the reality of West B’town, WLV, etc, etc.

  31. “Has nothing to do with the C.A. ‘failing to represent’ the reality of West B’town, WLV, etc, etc.”

    … when the terminology first came into use.

  32. Could this be called Southeast North Center?

  33. “Southeast North Center?”

    EastNorthCenterSouth (mind the spaces). or South West Lakeview. or West DePaul North.

    or, for this one but not the 2607 place, Clybourn Corridor.

  34. “Could this be called Southeast North Center?”

    No. Too far south. Anything south of Diversey isn’t North Center. And this address is almost at Fullerton. This neighborhood would have to have a completely new name if you’re not going to call it West Lincoln Park.

  35. That’s what I’m getting at. Calling it just “Lincoln Park” isn’t really going to fool anyone with the education and wherewithal to buy this place, people know the difference between the cliched leafy streets with historical landmarked buildings tucked away near the big-name attractions (the Zoo, Conservatory, etc) and these big arterial streets way out on the fringe.

    That said, I agree the highway access is superior to eastern LP, but Lake Shore Drive blows the highway out of the water as far as quality-of-life is concerned.

    Don’t get me wrong, I don’t hate the area, but – especially if you are on Ashland, Fullerton or Clybourn – it feels like a busy commercial strip which sort of but not completely replaced a decaying industrial zone, not a neighborhood.

    ” This neighborhood would have to have a completely new name if you’re not going to call it West Lincoln Park.”

  36. To clarify further, the “technically” line refers to the fact that it’s pretty telling that you have properties/streets in the Lincoln Park Community Area which have been largely ignored by 4 decades of gentrification.

    Take down that nasty tannery & the foul stench it sends for blocks in each direction and this location is in business.

    “It is *certainly* within the community area, nothing “technically” about it. It may be a “technical” definition, but certain regulars here might say that everything west of Western is merely “technically” in Chicago, too. Doesn’t make ‘em right.”

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