Revisiting the Belgravia Conversion at 2300 N. Commonwealth in Lincoln Park
This 2-bedroom at 2300 N. Commonwealth in Lincoln Park came on the market in August 2015.
This building was a Belgravia conversion at the height of the housing bubble in 2006.
It has 72 units and a heated parking garage.
This unit is a southwest corner unit with hardwood floors throughout.
It has an upgraded maple kitchen with GE stainless steel appliances and granite counter tops.
The unit only has 1 bathroom but it is white Carrera marble.
This property has all the other features buyers look for including central air and washer/dryer in the unit.
It has come on the market just $7,000 under the 2006 top of the market price.
Is now the time for the original owners in this building to sell and get out?
Natasha Motev at Berkshire Hathaway KoenigRubloff has the listing. See the pictures here.
Unit #6B: 2 bedrooms, 1 bath, no square footage listed
- Sold in November 2006 for $407,000
- Currently listed at $399,900 (includes the parking)
- Assessment of $348 a month (includes heat, a/c, gas, cable, snow removal, exterior maintenance)
- Taxes of $4589
- Central Air
- Washer/Dryer in the unit
- Bedroom #1: 17×12
- Bedroom #2: 12×12
“on the market just $7,000 under the 2006 top of the market price”
Huh?
lol^
I wasn’t aware that through wall AC was now considered central….
Was this building a former nursing home?
The assessments are a million dollar mortgage themselves.
“The assessments are a million dollar mortgage themselves.”
Huh? The assessments are cheap, likely too cheap to cover major maintenance without specials.