The Elusive 4-Bedroom Townhouse Listed Under $1 Million: 2757 N. Greenview in Lincoln Park
This 4-bedroom townhouse at 2757 N. Greenview in Lincoln Park came on the market last February.
It is actually on the edge of Lincoln Park and Lakeview (but since it’s on the south side of Diversey, it is technically Lincoln Park.)
Some of you may recognize it from your travels down Diversey as this townhouse is the one with the wall of bamboo that preserves privacy on the patio that faces the street.
For many people who get priced out of the single family home market in Lincoln Park, a townhouse becomes the back-up option.
Finding a 4-bedroom townhouse under $1 million, however, is not as easy as it seems.
This townhouse has the preferable layout most buyers look for with 3 bedrooms on the third floor and the fourth on the top floor.
There is a main level family room while the living/dining and kitchen are on the second level.
The kitchen has cherry cabinets, granite counter tops and stainless steel appliances.
It has skylights, 3 outdoor spaces and an attached 2-car garage.
There are just 12 units in the complex.
The listing says it’s in the Prescott school district.
It is listed $86,000 under the 2005 purchase price at just $699,000.
What’s keeping this from selling in a hot market?
Mario Greco at Prudential Rubloff has the listing. See the pictures here.
Unit #B: 4 bedrooms, 3.5 baths, 2800 square feet, 2 car garage
- Sold in January 2000 for $515,000
- Sold in October 2005 for $785,000
- Originally listed in February 2013 (I couldn’t find a list price)
- Withdrawn in March
- Re-listed in April 2013 for $699,000
- Still listed for $699,000
- Assessments of $250 a month
- Taxes of $11,223
- Central Air
- Bedroom #1: 16×14 (third floor)
- Bedroom #2: 10×10 (third floor)
- Bedroom #3: 10×10 (third floor)
- Bedroom #4: 16×15 (fourth floor)
- Family room: 16×13 (main floor)
This seems like a good deal for the area. It seems to be in truly move-in ready condition. The secondary bathrooms could use some cosmetic touch ups, but I’d certainly put up with that over a similarly sized condo. I love townhouses!
Very, very good deal for the money. Prime location, Lincoln Park no less, very attractive and large, 3 baths, 2 covered parking spaces, large windows, good-looking building, very convenient to neighborhood amenities, including the Brown Line El and shopping to the east and the west.
It’s great for a family of four, and might even be a more comfortable way to live for many families than a SF house- you have no yard to maintain and the place doesn’t have the issues an old house does.
The only negative are the taxes, which seem a little steep.
Booooring
“the taxes, which seem a little steep”
Those taxes (pay 2012) are right on for an assessed value fo ~$700k, with the HO exemption. That’s how much taxes are in Chicago.
There are worse things to be feared in a house you buy than boredom, especially when you have kids, school tuition to pay, cars to pay for, and college and retirement to save for.
Good deal, priced to sell! Bet it goes under K this week even though its not prime LP, its still a great family oriented area
The location isn’t that bad, but it’s a hike to the Diversey brown line. Most likely you’d be taking the #77 to the el. Bathrooms are a bit tired and two of the bedrooms are small (10×10).
“the taxes which seem a little steep”
I’m amazed at how low the city of Chicago taxes are. I live outside of the city. My last assessment showed my home value at 525K and my taxes are 12K. Our condo in the city was purchased for 180K and our taxes on that are a little over 3K and that’s without the homeowner’s exemption.
I’m amazed at how uneven and unfair City of Chicago property taxes are.
I’m looking at old Rogers Park and Edgewater units to buy for cash, and the taxes shock me: often $3000, and usually at least $2000, for smallish 4 and 5 room units that need some work and sell for about $60K. Meanwhile, the taxes on units in other, more prime, nabes are $3000 for something that sells for $300K. Worse, when I was scouting for south side houses for a friend who thinks he can make money renting these flea-bitten dogs out, I saw taxes of $4000 for owner-occupied cottages that would be lucky to fetch $40,000 on the best day of this century.
I’d like to form a citizen’s association to lobby for justice in property taxes, as well as curtailment of tax-funded “gimmes” for corporations and sports venues. We’re choking on this garbage, and making life impossible for legitimate, self-supported, non-subsidized businesses, as well as for homeowners.
After looking at the interior photos, I’m surprised how much I dislike this place. It’s cookie cutter, with no charm. Each room is just another box. The outdoor spaces are disappointing, too. I never liked this location all that much either – a bit dull. I’ll pass.
This townhouse just reduced to $674,500.