You Can Get a 2/2 in Lincoln Park for $300,000: 2754 N. Hampden
This 2-bedroom at 2754 N. Hampden, a 1973 high-rise with lake views in Lincoln Park, is listed at $300,000.
The listing says it is “perfect for someone looking to implement their own decorating ideas.”
Do you have the vision to turn this corner 2-bedroom/2 bath unit into your dream home?
It doesn’t have central air or a washer/dryer in the unit- but the w/d is allowed.
Parking is also available for extra.
Bryan Eugenio at Coldwell Banker has the listing. See more pictures here.
Unit #1908: 2 bedrooms, 2 baths, no square footage listed
- I couldn’t find any prior sales price going back to 1988
- Currently listed for $300,000 (parking is extra)
- Assessments of $444 a month (includes cable, pool, doorman)
- Taxes of $4500
- No central air
- No in-unit washer/dryer (but can be added)
- Bedroom #1: 14×13
- Bedroom #2: 11×11
- Living room: 18×15
- Dining room: 14×9
- Kitchen: 13×8
No central air, but it looks like there’s commercal style blowers, or is that for heat only… you could install a w/d which is nice, the assessments aren’t crazy either… I’d say this is a pretty solid deal for a small/mid sized 2/2 with a lake view in ELP.
I’ve seen much much worse on this site and I do think with about 20k if you did a lot of work yourself you could really make this place nice.
I second Sonies’ comments. Provided that a wood laminate could be installed in the living areas, this place seems promising (assuming it closes around $285k).
How much is a “deeded” space in the building?
assessments are low because the heating and cooling is electric which is probably not included in the fee.
sonies,
How do you figure 20k ‘to make this place nice’?
Interesting that we don’t see a pic of the bathroom.I think much of your 20k would go into rehabbing that.
wow that’s weird, i was looking at this listing not 20 minutes before this post (I don’t browse outside CC listings very often).
A very similar unit:
http://www.coldwellbankeronline.com/Property/PropertyDetails.aspx?SearchID=5216197&PropertyID=1080671&RowNum=23&StateID=19&RegionID=0&IsRegularPS=True
right around the corner, lower taxes (bit higher HOA though), both have rooftop pool and doorman, but i think it has better views. might be a little smaller. same a/c and parking.
The building itself is ugly, and that might scare away some people.
“How do you figure 20k ‘to make this place nice’?”
Buy materials, paint, etc. and do all the work yourself. I could make this place really nice for 20k.
doh, I went to the site and saw the lobby picture and thought “wow, what a great deal!”
Many people you have to put granite, stainless steel, and marble in the place to make it look nice.
This is definitely not true, and probably would look somewhat out of place in a condo like this.
$20k may be tough to hit, but it’s in a reasonable ballpark.
You can’t put lipstick on a pig. No amount of money could make this unit or building look nice.
Another case of a dated building that used to be apartments converted to condos during the boom. Beware.
Dahilihichihci
“How do you figure 20k ‘to make this place nice’?” Give me 20k three weeks a 12 pack on friday lunch every day and i can have look like the place over at the palmolive.
Unless I’m missing something these people seem to think you can get $625,000 after the renovations for a 2/2 …
http://www.coldwellbankeronline.com/Property/PropertyDetails.aspx?PropertyID=1105645&WT.mc_ID=21610000000000&WT.srch=1
“Unless I’m missing something these people seem to think you can get $625,000 after the renovations for a 2/2”
It’s a duplex that appears to have been made out of two 2/2s. So maybe you missed something.
You definitely wouldn’t want to spend a lot to fix up this unit. I actually agree with Bob. No matter how nice you make the unit, it still is an apartment grade building with zero architectural value/curb appeal. You also will probably never really get a great return on the upgrades because so many of your neighbors/competition will probably not have upgraded units.
Very low assessments! I rent 1/1 in the similar era building and assessments for our apartment are 30% more + you have to pay separate fee for garage. And no pool too! But heat is included. I would go with a fine tooth comb over all HOA papers to make sure no special assessments are coming.
Many would like this building for the proximity to the lake, Clark Street nightlife and rooftop pool/ sundeck you could invite the ladies over to… I’ve shown these ugly buildings in this pocket of Lincoln Park in the summer and there is a bit of a scene on the pretty awesome roof decks.
But seriously, it’s comfortable living and affordable for my average clients’ incomes. Not for me, but this price is not bad.
To the commenter whose comments are being screened by me (you know who you are)- they are being blocked because you continually use different screen names which gets caught in my filter. I won’t approve them if you’re using 30 different screen names- sorry!
If you choose one and keep using it- then fine. Feel free to e-mail me with any concerns.