Looking for Non-Cookie Cutter? 4050 N. Paulina in Graceland West

This 3-bedroom vintage rowhouse at 4050 N. Paulina in Graceland West has been on the market 15 months.

It has been reduced by $393,100.

It is now listed as “subject to lender approval.”

The rowhouse is attached to one other unit and was built in 1892.

It has a unique 2-story living room with a second floor loft. (See the pictures to see what I’m talking about.)

There are also 4 stone baths and a finished basement.

The kitchen has black appliances.

Central air, 2 fireplaces and a 2 car garage complete the picture.

The rowhouse is also only about a 5 minute walk to the Irving Park Brown Line stop.

Igor Gerenrot at Prime Realty Group has the listing. See the pictures here.

4050 N. Paulina: 3 bedrooms, 4 baths, 2 car garage, 3500 square feet

  • Sold in May 2006 for $575,000
  • Originally listed in December 2008 for $969,000
  • Reduced numerous times
  • Currently listed for $575,000 and “subject to lender approval”
  • Taxes of $7974
  • Central Air
  • 2 fireplaces
  • Bedroom #1: 18×12 (second level)
  • Bedroom #2: 14×9 (second level)
  • Bedroom #3: 13×10 (main floor)

31 Responses to “Looking for Non-Cookie Cutter? 4050 N. Paulina in Graceland West”

  1. I didn’t realize Harvey Dent lived in Chicago. Is he selling to move back to Gothem?

  2. *Gotham

  3. It’s a cute place. Too bad they got way too greedy. It looks like they pumped too much money into the bathroom renovations, and the original list price of close to a million for a 3 bed in graceland west in late 2008 – LOL.

  4. Wow from the pics it looks like a botched restoration/renovation.

  5. danny (lower case D) on March 26th, 2010 at 2:04 pm

    That shower/tub compartment reminds me of the org@smatron in the Woody Allen movie “Sleeper”. Very high tech!

  6. I looked at this place. It was interesting. It needed some finishing as not everything was installed before they quit construction. The place next door is two rentals.

    There were some weird design decisions. The Master didn’t really have a closet, but there was a room attached to it with the door to the fire escape that could have been turned into a big closet if you were okay with the door in it. There is a gigantic two-car garage that takes up the whole back yard, so there is no outside space at all. The rental has a parking pad and a nice little yard. I would be tempted to reduce the garage to one car just to have a yard. The shower with all the gadgets is in the basement next to what I suppose is a guest room, with no window. The basement was mostly unfinished, but it did have a wine or beer fridge in what would be a family room.

    We saw it at the same time as someone else who was on their second visit. I wonder what happened to them? The water, electricity, and gas had been shut off for some time, so the place was dark, cold, and there was poop in one of the toilets. I’m sure being cold all winter couldn’t be good for the place.

  7. concur that the pictures are hurting more than helping.

  8. It is nicer than the pictures show. I don’t know a lot about construction, so I have no idea as to the quality. However, there were some nice things about the remodel that made it interesting. I liked that loft up top with the brick wall. It would have made a nice office with all the light streaming in. I thought the stackable washer/dryer off the kitchen was dumb. In a place this big, there’s room for full size. The master bath wasn’t completely finished but everything appeared to be there. It just needed installing. It had a big stone shower, double vanity, etc.

  9. Graceland West lol another made up neighborhood by realtors trying to hype a place up and justify crazy valuations to their clients.

    575k for half a house? Also damn this building is ugly–it looks like different bricks were used for each side.

  10. “The water, electricity, and gas had been shut off for some time, so the place was dark, cold, and there was poop in one of the toilets.”

    I think I am in third grade because I just laughed out loud at this… And pictured a HGTV show regarding staging and how it’s important to demonstrate to potential buyers the utility of various aspects of the home. Ok, I am still laughing. Almost time to go home.

  11. Would take about 100K to un-do the mistakes. After seeing some nice vitage places the past few days this place is a mess.

  12. “and there was poop in one of the toilets”

    Enough said

  13. “Graceland West lol another made up neighborhood by realtors trying to hype a place up and justify crazy valuations to their clients.”

    Although I can’t comment on how the name came about, it isn’t entirely a BS realtor term. There’s a very active Graceland West community association.

  14. That weird shower-tub gizmo is a pricey Kohler “environment”. Rehab itself looks like a “pick-up truck” contractor “had at it” without benefit of architect, interior designer, or some design sense. This rehab needs rehab. Price makes that practical, but, given adjoining attached house is a two-flat, this rehab is really a four-flat as a single-family plus two unrenovated and likely rundown units.

    Neither building seems to have a yard; both yards seem consumed by garage. Adjoining perpendicularly-placed houses are really close to this rowhouse. Suspect privacy and noise are also issues.

  15. “Although I can’t comment on how the name came about”

    Either (1) it’s west of Graceland Cemetery, or (2) it was the location of Elvis’ “western” retreat, kinda like Nixon’s and Reagan’s “western white house”s.

    Pretty sure it’s #2.

  16. thanks anon

  17. ps, ignore the fact that Memphis is rather further west than Chicago.

  18. If I could go off topic for a second – Is there any way to get a sense as to what is going to happen to my property taxes when the second installment for 2009 comes out later this year? My assessed value went up ~10% and we lost our appeal. Obviously, if the equalization factor and tax rate remain the same, my taxes will go up by about 10% as well. With all the financial trouble the county seems to be in, are they going to just jack up rates to try to fill some of the gap? Is that how it works? Thanks for any feedback.

  19. When you say 10%, are you talking market value or assessed value? The County changed assessment rate from 16% of market to 10% of market. So if you are really saying your assessment went up 10%, your market value went up 75% and your taxes are gong to be much higher.

  20. Graceland west is legit. this argument already happened, though it was on the rare day that bob was absent. guess he cant be accused of plagiarizing for making nearly the exact same comment as sonies did then.

    http://cribchatter.com/?p=7445

  21. I don’t care if there’s a neighborhood association called “Graceland West”.

    Me and a bunch of friends have the “Lake Michigan West” neighborhood association (its the part of ELV east of Halsted) and we meet and drink at various bars and piss in the lake.

    But much like the “Graceland West” “community association” it consists of nothing more than a get-together of people trying to subdivide out their area from a larger area to support stupid real estate valuations.

    While I didn’t plagiarize Sonies before I will definitely quote him now:

    “Graceland West = Uptown no matter how much polish you throw on that turd.”-Sonies

    Sorry Graceland West Community Association, but you all live in Uptown. Its true even if your Realtor(tm) told you otherwise.

  22. “Sorry Graceland West Community Association, but you all live in Uptown. Its true even if your Realtor(tm) told you otherwise.”

    Except that it’s in the Lakeview official community area, so if they look at the city’s official map, they are in Lakeview.

  23. Who cares, this part of town is dead anyways

  24. “When you say 10%, are you talking market value or assessed value? The County changed assessment rate from 16% of market to 10% of market. So if you are really saying your assessment went up 10%, your market value went up 75% and your taxes are gong to be much higher.”

    Are you saying that if my assessed value from 2008 to 2009 remained flat, the change from 16% of market to 10% of market will still cause my taxes to increase despite no change assessed value? Shouldn’t the change in assessed value methodology be offset by a change in the equalization factor?

    In my case, the assessed value shown on the assessors website went up by 10%. If what you’re saying is correct, it sounds like installment #2 could be painful.

  25. “Except that it’s in the Lakeview official community area, so if they look at the city’s official map, they are in Lakeview.”

    Doh! Okay Lakeview then.

  26. i do have to say thinks might be the 1st time bob’s been proven wrong
    kudos anon.

  27. Marko,
    That’s right. If the market value was $100,000 in 2008, the assessed value was 16,000. If MV stays the same, the assessed value will now be 10,000. The equalizer will jump because all residntial property %’s went down. Your taxes will go up a lot more than 10%,

  28. “The equalizer will jump because all residntial property %’s went down. ”

    Not really. Mostly the AVs stayed close to the same, while the MVs adjusted to more closely reflect real market value.

    10% increase in AV will mean a big tax bite. I think it will take a 10% decrease in AV for taxes to remain about the same, but that’s really just a guess.

  29. This address is not in Graceland West, nor it Graceland West part of uptown. It’s boundaries are Montrose to the north, Irving on the south, Clark st on the east, Ashland on the west. I’d hardly call it dead, with the increasing number of pricey homes.

  30. i don't comment often on April 25th, 2011 at 11:47 am

    back on the market. MLS: 07785293 @ $549,000.

    lolol, I thought I remembered this….good to know I don’t have alzheimer’s

  31. Agreed that Graceland West shoudn’t go past Ashland. Let’s call this NorthDinerGrill (NoSling)

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