A couple of years ago a few of you wrote me wondering about this 1-bedroom cottage at 2151 N. Magnolia in West Lincoln Park.
Back in June 2010, it had come on the market at $905,000 but was quickly reduced to $829,000.
It never sold and was withdrawn in July 2011 listed at $829,000.
Built in 1886 on a standard Chicago lot measuring 25×125, the house is just 1425 square feet.
It lists the one bedroom as being on the main floor and measuring 20×5. But there’s also a second story loft (which appears to be being used as a bedroom according to the listing pictures).
The listing says the cottage has been “rehabbed.”
It doesn’t have a garage, but one can be built.
But the house is really being marketed as a teardown as the listing says you can “build your dream house” and that the “opportunity is incredible.”
It is in the Oscar Mayer school district.
Obviously, the market is hotter now than in 2010-2011.
The seller is asking for $949,000, or $44,000 more than the highest price it was listed at in 2010.
Will this piece of land sell for nearly a million dollars in this part of Lincoln Park?
Suzanne Gignilliat at Coldwell Banker has the listing. See the pictures here.
2151 N. Magnolia: 1 bedroom, 2 baths, 1425 square feet
- Sold in September 2002 for $785,000
- Originally listed in June 2010 for $905,000
- Reduced in July 2010 to $829,000
- Withdrawn in March 2011 still listed at $829,000
- Currently listed for $949,000
- Taxes of $12042
- Central Air
- No garage- but one could be built
- Bedroom: 20×5 (main level) (typo? Should it be 20×15?)
- Loft: 16×11 (second floor)