A 2/2 Under $200,000? 4958 N. Troy in Albany Park
Recently, it has come up in discussion that most of the properties highlighted on Crib Chatter are of the more expensive variety.
Someone posted that he was looking for a simple 2/2 in a north side city neighborhood for under $200,000.
You can find that at 4948 N. Troy in Albany Park.
Okay- so when you add in the parking, this 2/2 is slightly over $200,000. But hey- everything is negotiable.
This unit is just a few blocks from the end of the brown line, has parking, central air and washer/dryer in the unit.
Kate Mangan-Smith at Prudential OneSource Realty has the listing. See more pictures and the virtual tour here.
Unit #1: 2 bedrooms, 2 baths, no square footage listed
- Sold in January 2002 for $172,500
- Currently listed for $199,999 (plus $12k for parking)
- Assessments of $255 a month
- Taxes of $2096
- Central Air
- In-Unit Laundry
- Deck
- Bedroom #1: 12×11
- Bedroom #2: 11×10
There are tons of 2brs 2bas under 200K, just look for foreclosures!
Go long hand surgeons!
“Go long hand surgeons!”
???
Is that a…bathroom…off the living room?
So, it’s a “new price”, was the old price $211,999, including the parking?
The fact that this 1000 sq. ft. (lol maybe) POS in Albany park at 6 blocks away from the end of the Brown line is 212k with parking further proves that RE prices are out of control. I’d rather live in the Burbs than there.
You can’t find any, not one 2/2 in LP or LV for under 325k that doesn’t have assessments over 700 a month, or is a frickin garden unit. That’s messed up if you ask me, because I’d buy there if they were 300. Oh well, guess i’ll go make and save more money, at least we both have stable jobs.
knife catching…it took me a minute too.
“anon (tfo) on January 5th, 2009 at 11:54 am
“Go long hand surgeons!”
???”
“There are tons of 2brs 2bas under 200K, just look for foreclosures!”
Yeah, but you have to buy those “as is”
Does anyone have insight on Albany Park? How does it compare in terms of safety to similarly priced ‘hoods like Rogers Park or Logan Square? Are there good restaurants to choose from? I’ve always liked the brown line because it doesn’t go through any really terrible parts of town and Albany Park seems like a good fit for people who want to be in the city but need to commute to the burbs for work…but I’ve heard there are some gang problems in Albany Park, so maybe it’s not worth the savings.
http://www.spotcrime.com/il/chicago
That will show you any area in the city. My experience visiting my friend that lives there, Albany Park isn’t great, but it isn’t horrible either. I’d say its a little worse than Rogers park and Logan Square, but not by much.
“Are there good restaurants to choose from?”
Tons of great Middle Eastern food on Kedzie. Probably the best in the city.
And good Korean food, too.
I don’t know if Albany Park is worse than Rogers Park. There are parts of Rogers Park I wouldn’t venture into at all. My friends live in Albany Park (Lawrence and Drake). I have always felt safe walking there from the brown line and parking on the street.
If you are interested in reading about Roger’s Park, check out this blog: http://morsehellhole.blogspot.com/
I have never lived in either neighborhood, but visit friends in both places.
You might as well figure that you have to buy ANYTHING as though it were an “as is” sale, and take the appropriate steps to protect yourself.
That means assuming the worst about any house or condo, especially condo. There are foreclosures in almost every building up and down the north lakefront from Rogers Park clear down through the South Loop, so you might as well figure that the unit comes with liabilities for other (non)owner’s expenses and assessments. You can also figure that the place has multitudes of other problems, the condo disclosure notwithstanding- I made an offer on a condo up here a few years back and was given a disclosure for the unit that was checked off on all issues as though it were problem-free, yet discovered from a local landlord, who had considered buying that very building, that the entire place needed tuckpointing and had serious water infiltration issues. These were not disclosed. Buyers have been lied to a lot on the disclosures given them.
When you find a place you are really serious about, get a really thorough inspection of the type you would for any “as is” sale. That means spending many hundreds of dollars over what you would spend on the ordinary pre-sale inspection demanded by your lender. But this is probably the biggest purchase of your life- what’s $800 or so relative to the $150K to $1.5MK you are committing to the place, or the tens of thousands of dollars of necessary work you could be setting yourself up for.
You want to know every brick, wire, pipe, and inch of surface in that place, and you want to know where it is financially, which means auditing the budget and expenditures, AND knowing where other residents are, like what loans they have against their places.
Is this the same developer as 50 E. Chestnut, the $3 million gold coast new construction flip?
looks like they used same designger, same finishes!!!!
Albany Park is so-so, I work near there and pass through it everyday on bike. The neighborhood isn’t the issue though, the price is the issue. Call me when the price is nearing 50% off. Don’t think that will happen? Fine, go buy it then. In a few years you’ll be poorer and I’ll be better off and the price will be lower. Whatever suffering the single family house market is in for, for condos it will be much worse.