Another Chance to Buy in the Greystone at 562 W. Arlington in Lincoln Park

We’ve chattered off and on about various units in this 4-unit greystone at 562 W. Arlington in East Lincoln Park over the years.

See our chatter on Unit #2 in 2009 here.

The 2-bedroom top floor penthouse recently returned to the market.

It has been listed on and off beginning in 2009.

This building was completely renovated in 2005 with new finishes and windows.

The unit has 2-fireplaces as well as a master suite with a double vanity in the master bathroom.

The kitchen has granite counter tops and a chef’s stove.

It has central air, washer/dryer in the unit and gated, secured parking.

Back in May 2009, it was listed for $699,000 and reduced all the way down to $599,000 by September 2011.

It didn’t sell and has come back on the market at $679,000.

Is it finally the right time to sell?

Jennifer Ames at Coldwell Banker has the listing. See the pictures here.

Unit #4: 2 bedrooms, 2 baths, 1700 square feet
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  • Sold in July 2005 for $610,000
  • Sold in July 2007 for $715,000
  • Was listed in May 2009 for $699,000
  • Reduced
  • Withdrawn in 2011
  • Currently listed at $679,000
  • Assessments of $205 a month (includes snow removal)
  • Taxes of $8873
  • Central Air
  • Washer/dryer in the unit
  • Gated, secured parking included
  • Bedroom #1: 15×10
  • Bedroom #2: 11×13

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6 Responses to “Another Chance to Buy in the Greystone at 562 W. Arlington in Lincoln Park”

  1. Not sure if this was posted here or I found it somewhere else, but this map is pretty much the official green zone map. It has the median household income for 2012 via the American Community Survey from the Census Bureau. Rich neighborhoods are in green, thus, the green zone map.

    http://www.arcgis.com/home/webmap/viewer.html?webmap=1e79439598494713b553f990a4040886

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  2. “Not sure if this was posted here or I found it somewhere else, but this map is pretty much the official green zone map.”

    Thanks for posting this Mike HG. It’s an interesting map. But it’s NOT the Greenzone, as we use it here. I wouldn’t put Hyde Park into our GZ but it’s on there. And I also wouldn’t put that bastion of green surrounded by tan that is part of Edgewater (average family income of $103,000!) in our GZ either (but maybe we should. ha!)

    There is also a LOT of green in the Northwest part of the city. I’ve covered that area a lot- including Old Edgebrook, Norwood Circle, Sauganash. Beautiful homes and high salaries. But I don’t think anyone here is calling that the GreenZone either.

    The GZ is really the neighborhoods that people moving from other major cities want to live in when first moving to Chicago. They want to move to Wicker Park, not Old Irving Park or Jefferson Park. They want to live in Lakeview, not Edgewater or Rogers Park.

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  3. Hmm… I think of the green zone as having stable (or every-increasing) property prices….neighborhoods that are impacted less during times of bust. Sabrina, I think of your neighborhoods as trendy-greenzone. I also think of greenzone areas as having little crime and little trash. Lastly, I think of the greenzone has have fewer unpleasantries than other neighborhoods – no weirdos hanging out on their front porch when they have backyards, no one fixing a rusted out car on a side street, no kids’ toys strewn everywhere, no jerks unplugged fire hydrants….

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  4. Hmm… I think of the green zone as having stable (or every-increasing) property prices….neighborhoods that are impacted less during times of bust. Sabrina, I think of your neighborhoods as trendy-greenzone. I also think of greenzone areas as having little crime and little trash. Lastly, I think of the greenzone has have fewer unpleasantries than other neighborhoods – no weirdos hanging out on their front porch when they have backyards, no one fixing a rusted out car on a side street, no kids’ toys strewn everywhere, no jerks unplugged fire hydrants….

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  5. “I also think of greenzone areas as having little crime and little trash.”

    So: Boystown, not green zone. Wicker Park, not green zone.

    ” I think of the greenzone has … no weirdos hanging out on their front porch when they have backyards … no kids’ toys strewn everywhere”

    Crap, *I* make my neighborhood “not GZ”.

    “I think of the greenzone has … no one fixing a rusted out car on a side street”

    Mmmm, Picadillo. I wonder if Architect has managed to sell his house, and if so, where they moved. Next door to nonny? Probably not.

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  6. speaking of zones and not getting into politics\\
    http://www.theatlantic.com/politics/archive/2014/05/This-Town-Needs-A-Better-Class-Of-Racist/361443/
    interesting graph
    and a point on how Chicago is/was different from EssEff and big D in as Chicago does is ghetto style vs gangnam style

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