$10K Reduction on Vintage 2-Bedroom in Logan Square: 2734 N. Kimball
We last chattered about this rehabbed vintage 2-bedroom unit at 2734 N. Kimball in Logan Square in March.
See our prior chatter here.
The condo is still on the market and has been reduced by $10,100.
It is a top floor rehabbed unit with stainless steel kitchen appliances, granite and dark kitchen cabinets. It has central air and a washer/dryer in the unit.
It doesn’t, however, have parking (although the listing says “parking available.”)
Greg Whelan at Redfin has the listing. See the pictures here.
Unit #3: 2 bedrooms, 2 baths, 1000 square feet
- Sold in July 2006 for $244,000
- Was listed in March 2009 for $285,000
- Reduced
- Currently listed for $274,900
- Assessments of $207 a month
- Taxes are $3240
- Central Air
- Washer/Dryer in the unit
- Gas fireplace
- No parking- but it’s “available”
- Bedroom #1: 12×13
- Bedroom #2: 10×9
This may be the most overpriced property i have seen on this website even after the price reduction!
LP price, LS location
I don’t know if it’s the most overpriced property, but calling it “the heart of Logan Square” is pretty comical.
Lincoln Park price?? lets not over, over-exaggerate. If this was in LP-proper it would sell in days at this price.
Baby blue, neon green, pea green, peach. what ever happened to neutral colors?
Yeah, Logan Square is the Wicker Park wannabe and Wicker Park is a Lincoln Park wannabe.
Anyone see multiplicity? You know what happens when you make a copy of a copy? 😉
well what you are paying for is the street level violence and the straty dogs…good times
Does the available parking come with a free stereo expropriation service?
Long-time lurker, first-time surfacer, but this seems to be the place to try and get a question answered. I’ll be looking starting this summer and I want to do it old-school and stay miles away from whatever remains of the go-go mortgage model we saw for the last five years. In the Chicagoland area, what currently are the most conservative, old-fashioned mortgage lenders out there (either big shop or neighborhood banks), e.g, the give you the financial equivalent of a proctology exam, no pie in the sky projections, keep the loan on their own books, service it themselves, etc.
LP price???? are you effing serious. Some of you commentors have absolutely no clue
The only banks that operate like that anymore Sarge, are probably some local Chinatown banks. Almost everyone sells their mortgages now and pretty much every bank originates then sells them within weeks of closing.
I would suspect credit unions probably hold their loans to a much greater degree than commercial banks. I don’t have data but they are generally much more conservative and not motivated by profit so might be less likely to resell them.
Honestly though Sarge6 from a consumer perspective it shouldn’t matter. You should go with the lender that will give you the lowest rate and not worry what they do with the loan.
Them reselling it ad naseum in fact could even be a boon to you if you ever enter financial distress as it gives you more time to appeal things and claim they don’t have documentation/etc. The more bureaucracy involved the better to you as a consumer as those inefficiencies can potentially be exploited to your benefit.
I hate the irresponsible bankers too but when it comes to economic decisions if they’re willing to give me the best deal I’d take it.
Sarge6, you might want to try Crown Mortgage in Oak Lawn.
I know that, as of a few years ago, they had never sold a loan.
As far as “old-school,” get this: I once knew a big tax increase was coming so I sent a large extra escrow payment. I called to verify that it was properly credited (no online system is truly old-school), and the “payments” lady remembered how she entered it even before looking it up.
And, their occasional referral-seeking solicitations are downright Bailey-esque in content, to boot.
A world of difference from my experiences with both brokers and the big boys and their ever-changing servicers.