What’s a Lot Worth in North Center? 63 Days on the Market at 3536 N. Damen

3536 n damen

This 2-bedroom house at 3536 N. Damen in the Roscoe Village neighborhood of North Center came on the market in June 2016.

The house is being marketed as a teardown so it’s being sold “as-is.”

It’s on a standard Chicago lot measuring 25×125.

There are other teardowns with new construction single family homes on this block of Damen.

3536 n damen second house

The listing says this is zoned RS-3.

It’s in the Audubon school district.

Originally listed in June for $625,000 it has been reduced $30,000 to $595,000 but it still isn’t selling.

Are the sellers hitting a cap on land prices for this neighborhood?

Jayne Alofs at Berkshire Hathaway KoenigRubloff has the listing. See the listing here.

3536 N. Damen: 2 bedrooms, 1 bath

  • Sold in December 1992 for $115,000
  • Originally listed in June 2016 for $625,000
  • Reduced
  • Currently listed at $595,000
  • Taxes of $9517
  • Standard Chicago lot of 25×125

5 Responses to “What’s a Lot Worth in North Center? 63 Days on the Market at 3536 N. Damen”

  1. Looks like the new construction next door paid 1M for both lots. The north lot was previously vacant. So I’m betting they they’ll have to get closer to 500K for someone to bite considering the teardown costs on top of the costs.

    VA:F [1.9.22_1171]
    Rating: 0 (from 6 votes)
  2. I used to live very close to this building on Damen. The SFH on either side of me were torn down during the ‘boom days and was replaced with a three-flat. IIRC they sold between $400k and $500k and this was about 10 years ago. So price a 50% increase in the asking price at least in years is some nice price appreciation. The more telling figure is the 1992 price – it just goes to show how much the neighborhood has changed.

    VA:F [1.9.22_1171]
    Rating: -4 (from 10 votes)
  3. “Are the sellers hitting a cap on land prices for this neighborhood?”

    need to look at a good SFH lot to judge. Damen’s not a good SFH street, notwithstanding that new construction on the former vacant lot.

    VA:F [1.9.22_1171]
    Rating: +1 (from 11 votes)
  4. TEAR DOWN THAT WALL!!! AND PLAY SOME LOUD ROCK MUSIC LOLZ!!!

    VA:F [1.9.22_1171]
    Rating: -16 (from 32 votes)
  5. 500-550. 600-650 is a PRIME roscoe village street, and Damen does not count as prime.

    VA:F [1.9.22_1171]
    Rating: +1 (from 1 vote)

Leave a Reply