Get Your SFH in Lincoln Park for Under $600,000: 2706 N. Wilton

Is it impossible to get a single family home in Lincoln Park for under $600,000? 

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Apparently not- but this 3-bedroom home at 2706 N. Wilton has one not so appealing feature: it’s right on the El tracks.

But who’s noticing?

Here’s the listing:

opportunity to OWN a SINGLE FAMILY HOME IN LINCOLN PARK for the price of a condo!meticulously MAINTAINED home in MOVE-IN condition*gorgeous private PATIO*stunning ROOFTOP DECK w/ hot tub

*unique ARCHITECTURAL features*HARDWOOD floors thru-out*great ENTERTAINING on 1st level*formal DINING*enormous KITCHEN*living room w/marble FP*STAINED-GLASS windows*powder room*huge MASTER w/skylights*2.5 GAR*walk to brown/purple line

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Jill Hare Dream Town Realty has the listing. See more pictures here.

2706 N. Wilton: 3 bedrooms, 2.5 baths, 2.5 car garage

  • Sold in June 1998 for $282,000
  • Currently listed for $549,999
  • Taxes of $6,131
  • Central air
  • No square footage is given but the bedroom sizes are: 15×15, 10×10, 8×8

Selling 2 Years Later: 1862 N. Halsted in Lincoln Park

This seller at 1862 N. Halsted in Lincoln Park isn’t looking to make much profit on a purchase in 2006.

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What will this unit ultimately sell for?  It seems to have all the positive Lincoln Park attributes, including parking and a nice private deck.

It has been listed for nearly 2 months.

Here’s the listing:

Top flr space within space! Unique lofted rm. (19’8 x 15′) for hobbies, playroom, office or a ‘cozy’ book nook!

Great Rm/Liv Rm w/cathedral clgs. & wood burning FP; Sep. din. area w/bay of windows; Kitchen w/new gran. C.T. + brkfst bar; Mst. Bdrm w/french drs. open to private deck; Mst. Bth.+ jacuzzi tub! In unit W/D; Attached 1 car gar included in price.

LOCATION! LOCATION! LOCATION!

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Isabel Mikell at Prudential Preferred has the listing. You can see more pictures and a virtual tour here.

Unit #3S: 2 bedrooms, 2 baths, no square footage given

  • Sold in April 1993 for $190,000
  • Sold in November 1998 for $325,000
  • Sold in November 2002 for $424,500
  • Sold in April 2006 for $476,000
  • Currently listed for $499,000 (includes parking)
  • Assessments of $242 a month
  • Taxes of $6,098
  • Central air

Foreclosure Alert: Cheap 2/2 Puts on the Pressure: 635 N. Dearborn

Someone posted a comment about this 2-bedroom foreclosure, Unit #2206, in The Caravel, at 635 N. Dearborn, in the heart of River North about 10 days ago.

I didn’t chatter about it because I figured it would sell quickly given the price.

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It is one of the medium-sized 2-bedroom units in the building at 1225 square feet (including the balcony, apparently, so the unit is probably about 1150 or so.)

But I was wrong.

It’s still on the market, though Tipsters tell me that many, many people have gone to see it. Perhaps the bank is looking at multiple offers.

This unit brings up several questions:

  1. It is listed $189,000 less than some comparable units in the same tier in the building and low, on a per square foot price, for River North. Why hasn’t it sold?
  2. Do foreclosures set the new comp in a building? As several same tier units are listed much, much higher. What are the odds of those selling?

There are no pictures of the interior of the unit, but Tipsters who have been inside say that the kitchen and bathrooms are intact and that the unit only needs minor cosmetic updates (new carpeting, a cleaning, new paint.)

Here’s the listing for Unit #2206:

FUNDS. FAX ALL OFFERS GREAT INVESTMENT/ PROPERTY BEING SOLD IN AS-IS CONDITION/ NO SURVEY NOR DISCLOSURES/ PROOF OF FUNDING MUST ACCOMPANY ALL OFFERS/ PRE-APPROVALS NOT PRE-QUALIFICATIONS/ ERNEST MONEY MUST BE CERTIFIED TO OFFICE, NO EMAILS.

Unit #2206: 2 bedrooms, 2 baths, 1225 square feet

  • Sold in June 2003 for $441,000
  • Became bank owned in March 2008
  • Recently listed for $364,900 (includes the parking)
  • Assessments of $478 a month
  • Taxes of $5,117
  • Area Wide Realty has the listing. See the listing here.

Here are the other 06 units available:

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Unit #1606:

  • Sold in March 2004 for $360,000
  • Currently listed for $499,000 (parking is $35k extra)
  • Assessments of $670 a month
  • Taxes of $4,701
  • Berg Properties has the listing. See more pictures here.

Unit #2006:

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  • Sold in October 2003 for $345,500
  • Sold in February 2005 for $425,000
  • Currently listed for $509,900 (plus $45,000 for parking)
  • Assessments of $685 a month
  • Taxes of $5,106
  • ABA National Realty has the listing. See more pictures here.

Unit #2606:

  • Sold in March 2004 for $387,000
  • Currently listed for $490,000 (plus $45,000 for parking)
  • Assessments of $629 a month
  • Taxes of $4951
  • List It, LLC has the listing. See the listing here – no interior pictures available.

Here is the listing for Unit #2606:

$2,500 buyer bonus at closing for contract by 10/15/08 and closing by 11/14/08. Beautiful upgraded split 2 bedroom in the Caravel. Hardwood floors, granite countertops and stainless steel appliances.

Marble master bath w/soaking tub and separate shower. Fantastic city views from the east and south facing 141 square foot wrap around balcony. Excellent location! Prime deeded parking space (#28) for $45,000.

Foreclosure Alert: 6100 N. Hermitage in Edgewater

As the housing market boomed, so did the Edgewater neighborhood as condos sprang up on every block.

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6100 N. Hermitage, a 4-unit building, in Edgewater was completed in 2004. This penthouse unit is going to foreclosure auction this week but is currently on the market.

Here’s the listing:

18 MONTH OLD PENTHOUSE, FULLY UPGRADED ON 37X162 LOT!

UPGRADES INCLUDE WALNUT KITCHEN W/FULL GR BACKSPLASHES, PROFILE S/S APPLIANCES,CUSTOM WOOD BLINDS,WALNUT CEILING FANS, SURROUND SOUND, MARBLE BATHS W/ SEPARATE TUB AND SHOWER IN MASTER, OVERSIZED MASTER BEDROOM W/HUGE CLOSET, HARDWOOD FLOORS, CATHEDRAL CEILINGS, 3 DECKS (400ASF) CALL CO LISTER NOT OFFICE

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New Market Realty has the listing. See more pictures here.

Unit #3: 3 bedrooms, 2 baths, 1850 square feet

  • Sold in September 2004 for $299,000
  • Sold in June 2006 for $422,500
  • Currently listed for $389,000 (includes the parking)
  • Lis pendens filed in February 2008
  • Foreclosure auction price of $352,282
  • Assessments of $156 a month
  • Taxes of $4,868

Looking for Buyers in Lincoln Park: 2239.5 N. Lincoln

Why do some properties sell right away and others stay on the markets for months?

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2239.5 N. Lincoln in Lincoln Park was a new conversion in 2005.  This top floor 2-bedroom penthouse unit has been on the market since March and has had several price reductions.

Here’s the listing:

Dramatic light flooded 2 bedrom/2 bath Penthouse with open floor plan and 20ft vaulted ceilings w/ skylights. Top floor N.E. corner unit that feels more like a cottage.

Great kitchen w/cherry cabs, SS app’s. Hardwood flrs thru-out. Master suite w/limestone bath.

In unit W/D. Balcony, family room could be dining room. Superb location. Rental parking around the corner or easy street parking.

There’s no square footage given but here are the room sizes:

  • Bedroom #1: 12×10
  • Bedroom #2: 12×10
  • Living room: 15×14
  • Kitchen: 12×9
  • Family room: 12×14

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Zoe Carne at Prudential Preferred has the listing. See more pictures and a virtual tour here.

There is an open house at this property on Sep 21 from 1:30 to 3:30.

Unit #3B: 2 bedrooms, 2 baths, family room

  • Sold in June 2005 for $388,000
  • Originally listed in March 2008 for $449,000
  • Reduced several times
  • Currently listed at $420,000
  • Assessments of $303 a month
  • Taxes of $5,335
  • No parking
  • Central air

Greystone Vintage Beauty in Wicker Park: 2152 W. Caton

The basic greystone never goes out of style and Chicago is blessed to have many of them.

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This greystone at 2152 W. Caton in Wicker Park was built in 1891 and, the listing says, recently rehabbed.

Here’s the listing:

EXQUISITE REHAB BY RENOWNED ARCHITECT OF 1891 NATIONAL LANDMARK HOME IN HISTORIC WICKER PK! ORIG GREYSTONE FACADE W/ALL NEW MARVIN WOOD WNDWS.

GRAND CSTM OAK FRNT & REAR STAIRS W/OAK HANDRAILS, BEAUT STAINGLSS WNDWS THRUOUT, CUSTM CABS IN KIT W/GRNTE CNTRS & CSTM BTCHR BLOCK. SUBZERO FRIDGE, WOLF SS RANGE W/CSTM MOSAIC TILE BCKSPLSH. MRBLE HTD FLR IN KIT.

GRNTE/MRBLE CNTRS IN BTHS. 1-C ATT GAR, GAR DECK & REAR PATIO.

Does the 1-car garage hurt the saleability of this house?

A lis pendens was also just filed against the property in August.

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Emily Sachs Wong from Koenig & Strey has the listing. See more pictures and a virtual tour here.

2152 W. Canton: 5 bedrooms, 3.5 baths, 5400 square feet, 1 car garage

  • Sold in February 1998 for $535,000
  • Sold in May 2003 for $865,000
  • Currently listed for $1.995 million
  • Lis pendens filed in August 2008
  • Taxes of $11,788
  • Central air

Does “short sale” lure you in? 2533 N. Greenview in Lincoln Park

I stumbled across this single family house at 2533 N. Greenview in Lincoln Park on Craigslist. The Craigslist ad says it is a “short sale”.

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Here is the Craigslist ad:

****SHORT SALE*** Beautifully rehabbed 3 story home with 5 bdrms and 3 full & 2 half baths. 3,000 sq ft, PLUS full finished basement. Home features Mahogany stained floors and custom paint throughout. Elegant kitchen with stainless steel appliances and granite counters.

Rooftop terrace overlooks Wrightwood park and pool.2 car garage has a curbcut on Lill St. Currently rented for $5,000 month/ with one year lease.

SELLER WILLING TO GIVE CREDIT,NO PAYMENTS FOR 6 MONTHS,IMAGINE THAT WITH $5,000 MONTHLY INCOME.MUST CLOSE BY NOVEMBER TO GET INCENTIVE.MUST SELL

The “short sale” designation for a single family house in Lincoln Park will certainly attract attention on Craiglist.

The sales pitch isn’t quite as direct in the MLS listing:

Completely Remodeled 4-5 Bedroom Home On Corner Lot Across From Wrightwood Park! Gourmet Kitchen W/ Bay Area That Opens To A Large Fenced Yard W/ A Private Deck & Grill Area. Large Master Suite W/ A Lofted Sitting Room And Wbfp! Mstr Bath W/ Steam Shower, Large Ll Rec Room W/ Wet Bar, 2 Car Garage &

A Roof Top Deck W/ Amazing Views Of The Park And The City! Property Currenty Rented For $5000 Month

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Vista Way Realty has the listing. See more pictures here.

2533 N. Greenview: 5 bedrooms, 3 baths, 2 half baths, 2 car garage, 3000 square feet

  • Built in 1996
  • Sold in August 2006 for $997,500
  • Currently listed on the MLS for $1.189 million (although the Craigslist ad says $1.15 million)
  • Taxes of $10,523
  • There is NO lis pendens pending on the property
  • Currently rented for $5,000 a month

Stresses in Park Tower: 5415 N. Sheridan in Edgewater

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The Park Tower, at 5415 N. Sheridan, is a massive condominium building built in 1972 with uninterrupted views of Lake Michigan. It is located across from Edgewater Beach.

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Recently there have been a string of foreclosures and short sales in the building. However, it’s a huge building.

Current stats (out of around 730 units):

  • 38 for sale
  • 4 for rent (probably more if you look on Craigslist)

There is leased parking available in the building. Washer/dryers are not allowed in the units.

The building has indoor AND outdoor rooftop pools.

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This 2-bedroom unit, Unit #3411, is being sold “as-is”.

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Major Enterprises has the listing. See more pictures and a virtual tour here. 

Unit #3411: 2 bedrooms, 2 baths, 1250 square feet

  • Sold in June 2000 for $225,000
  • Sold in June 2001 for $280,000
  • Currently listed for $279,999
  • Lis pendens filed in November 2007
  • Assessments of $589 a month
  • Taxes of $3,771
  • Parking is leased
  • Central air

This 1-bedroom unit is already bank-owned.

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Re/Max Signature has the listing. See more pictures here.

Unit #615: 1 bedroom, 1 bath

  • Sold in March 1999 for $65,000
  • Sold in October 2003 for $145,000
  • Bank-owned
  • Currently listed for $114,900
  • Assessments of $370 a month
  • Taxes of $2,256
  • Parking is leased
  • Central air

It’s That Time of Year: Fall Home Tours

The Chicago Tribune listed several neighborhood home tours that take place in the fall that many of you may find of interest.

The granddaddy of them all is the Annual Historic Pullman House Tour.

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This is the Pullman Foundation’s 35th year.

  • Dates: October 11-12
  • Hours: 11 am to 5 pm
  • Cost: $20 at the door, $17 in advance
  • You can find out more information about tickets, directions and all the exciting things happening in Pullman at the Historic Pullman Foundation website.
  • The Pullman Community also runs its own website where you can find out about community events.

I’ve attended this event in the past. It’s a great way to see some neat historical row houses on the south side.

The Edgewater Historical Society isn’t too far behind Pullman as it celebrates its 20th annual home tour. They will have 5 houses on the tour.

If Old Irving Park intrigues you, this weekend you can see 7 homes and 4 gardens at the 19th Housewalk and Garden Tour.

  • Date: September 20
  • Hours: 10 am to 5 pm
  • Cost: $20 at the door, $18 in advance
  • The tour begins at Mount Olive Church, 3850 N. Tripp Avenue. Call 773-777-2750 for more info.

Sadly, the South Loop Loft Tour is cancelled this year. The Loft Walk started 10 years ago in Printers Row (and expanded to include the entire South Loop neighborhood.)

Here’s what was posted on the South Loop Neighbor’s website:

Thank you for your support of Loft Walk over the years. It is hard to believe we have had 10 memorable events. In order to produce the event, it takes hours of planning and many volunteers. Today, schedule’s are packed with work, home and community committments. As a result, we were unable to secure a project team and the volunteers needed to produce a successful event this year.

We hope to bring Loft Walk back in 2009.

It’s a shame. It was the only loft tour in the city.

House Walks welcome visitors to Chicago-area homes [Chicago Tribune, Sep 14, 2008]

Johnny Depp Was Here: 1414 N. Wells in Old Town

Do you care who owned a property before you?

Does it matter if it was Charlie Chaplin’s penthouse?

Or if Johnny Depp once set foot on the property?

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This 2-bedroom condo at 1414 N. Wells in Old Town may look familiar to some of you as it was featured in the Chicago Tribune Magazine a few years ago (for its architecture.)

Here’s the listing:

Hollywood movie Producer’s hm in Old Town. Marion Cotellard rented while shooting a movie,Johnny Depp also frequented the hm.

Every thing totally renovated replaced w/reclaimed doors & trim by a local artist,designed by Despina Soulhas a noted Chicago Architect.

Master bth has won top awards & Chicago Tribune published the hm,The property is a catalyst for creativity. Sound system throughout & two gar. spaces includ

Everything inside the home is custom. But it is also the most expensive unit in the building.

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Sudler Sotheby’s has the listing. There are more pictures here.  Click on the slide show to see the custom cabinets, doors and one of the bathrooms.

Unit #502: 2 bedrooms, 2 baths, 2500 square feet

  • Sold in July 1996 for $391,000
  • Sold in September 2003 for $790,000
  • Currently listed for $1.399 million
  • Assessments of $680 a month
  • Taxes of $10,234
  • 2 car parking included