This 2/2 Didn’t Sell in 2011 But What About in 2015? 2729 N. Racine in Lincoln Park
This 2-bedroom at 2729 N. Racine in Lincoln Park just came on the market.
If it looks familiar, that’s because we chattered about it in 2011.
See our 2011 chatter here.
But in 2011, it didn’t sell.
It looks to have the same finishes as in 2011.
The kitchen has granite counter tops and stainless steel appliances.
One bedroom is upstairs and the second is downstairs with a murphy bed.
The unit has skylights and shares 1 common wall with the unit next door.
There is deck and 1-outdoor parking space included.
In 2011, everyone seemed obsessed that the assessment for this 2-unit building was “just” $225 and only included water and common insurance.
4 years later, the assessment remains $225 a month.
This unit has come on the market just $20,000 above the lowest list price in 2011.
But the market is much better than 4 years ago.
Will this sell quickly this time around?
Jamie Connor at Conlon again has the listing. See the pictures here.
Unit #N: 2 bedrooms, 2.5 baths, no square footage listed
- Sold in October 2001 for $329,000
- Sold in August 2005 for $425,000
- Originally listed in September 2010 for $409,000
- Reduced
- Was listed in October 2011 for $349,000
- Withdrawn in October 2011
- Currently listed at $369,000
- Assessments are still $225 a month (includes water and common insurance)
- Taxes are now $6025 (they were $5452 in October 2011)
- Central Air
- Washer/Dryer
- Parking
- Bedroom #1: 14×13 (second floor)
- Bedroom #2: 14×13 (lower level)
This place does not appear to be past peak…
^ not the GZ though, its on Racine FFS (barely LP)!
“not the GZ though, its on Racine FFS (barely LP)!”
Since when is Lake View *not* the GZ?
“there’s no doubt that prices are well past peak in the GZ now.”
“That 2/2 you used to pay $420k for? It’s now listed for $520k.”
Has the green zone ever been clearly delineated? I’m curious what is considered the Green Zone.
Is restaurant row in the green zone?
“Is restaurant row in the green zone?”
I might be able to tell you if someone would just f’ing tell us WTF it is already!!!
Green Zone *must* include (but is certainly not limited to) all parts of the city east of Western where non-hippy UMC parents would at least consider sending their kids to the attendance area elementary. This spot qualifies.
Although in the bottom quartile (not quite bottom decile) location within LP, it’s still In the GZ (snotty would say Red Zone). I feel badly for the 2005 buyer who must have been desperate to get within their budget on something not under contract then because this place is awful inside, out, and around – I did the same thing a year later at exactly the peak. The bright red lip stick in the kitchen don’t purty it up none either. My house had one of those popped-up former attic bedrooms too and I vowed never to buy anything ‘weird’ again. This place is ‘weird’.
Their real estate agent should be ashamed of themself for letting the buyer list it over market price all 3 times for a 1 1/2 (3/4 credit for the finished basementroom-1/4 for the cavernous lil LR) BR crapshack. They would have done better pricing it under market to drum up some interest. One could get a quality 2 BR in E LP or a decent 3 BR in LV for that price.
I was being sarcastic/nonny
“I might be able to tell you if someone would just f’ing tell us WTF it is already!!!
”
Its the 2 blocks south and parralel of this disgusting thing
http://imgur.com/Vgo9c4S
This should be a rental (as it is now). No family is going to want their child 2 floors away from them. And there’s no place to put a kitchen table – it looks like it would block the stairs heading down.
Taxes also seem high for this place. On the plus side, I like the deck!
“Its the 2 blocks south and parralel of this disgusting thing”
I was being sarcastic/you-know-who
“Taxes also seem high for this place”
AV is 36,071. So, obviously a little high, but not kookoo based on the last sale.
“This should be a rental (as it is now).”
H.O. exemption claimed in 2013–just started renting it in 2014, or is this a Chuy-problem?
Advertising a ’01 rehab in the listing just screams dated. WTH happened to that fire place. Looks like paper mache gone bad.
“Has the green zone ever been clearly delineated? I’m curious what is considered the Green Zone.”
It hasn’t been 100% delineated as, after all, the “Green Zone” can actually change. All it means is the trendiest parts of the city where 20 and 30-somethings want to live.
It has included:
South Loop
Loop
West Loop
West Town (including Ukrainian Village)
Wicker Park
Bucktown
Logan Square now?
River North
Streeterville
Gold Coast
Old Town/Lincoln Park
Lakeview
North Center
Roscoe Village
Lincoln Square
Andersonville
Uptown has not normally been counted nor has Edgewater, Portage Park, Old Irving Park.
“not the GZ though, its on Racine FFS (barely LP)!”
Hm…LP extends a mile or two further west from this location (which is within a 5 minute walk of the Diversey Brown line stop.)
It IS however, on the border of LP and Lakeview.
anon (tfo) on February 11th, 2015 at 2:59 pm
“Is restaurant row in the green zone?”
I might be able to tell you if someone would just f’ing tell us WTF it is already!!!
…Seriously? We’re still arguing about what and where RR is?
“…Seriously?”
No, not seriously.