This 2-bedroom at 1601 S. State in the South Loop came on the market in February 2015.
After numerous price reductions it is now listed as a short sale.
We’ve chattered about the distress sales in this building numerous times over the years so this is not the first. See our 2012 chatter on a bank owned unit here.
This unit is a split layout with hardwood floors but the agents who have seen the unit say the second bedroom has no exterior windows.
The kitchen has dark 42″ cabinets, granite counter tops and stainless steel appliances.
The master bath has marble floors.
It has central air, washer/dryer in the unit and garage parking is available in the building.
But one of the problems may be the El line that runs directly next to the building.
The unit has a huge 20×20 private terrace, but you can see the El tracks right next to the patio in the pictures.
Now listed $70,000 below the 2007 price, at $250,000, is this a deal?
J. John Maggio at @Properties has the listing. See the pictures here.
Unit #2l: 2 bedrooms, 2 baths, no square footage listed
- Sold in January 2005 for $335,000
- Sold in September 2007 for $320,000
- Originally listed in February 2015 for $350,000
- Reduced several times
- Currently listed as a “short sale” for $250,000
- Assessments of $414 a month (includes heat, water, gas, parking, cable, exterior maintenance, scavenger and Internet)
- Taxes of $2987
- Central Air
- Washer/Dryer in the unit
- Parking is available
- Bedroom #1: 14×11
- Bedroom #2: 12×11