2-Bedroom Near DePaul at 2231 N. Seminary in Lincoln Park Returns to Try Again
This vintage 2-bedroom at 2231 N. Seminary in Lincoln Park recently came on the market.
If it looks familiar, that’s because we chattered about it last October after it had already been on the market for 9 months.
The pictures with the listing, at that time, showed it empty. In the comments, several of you commented that furniture would help get an idea of room sizes and layout.
Your wish has been answered.
The unit has returned to the market with furniture.
See the October 2018 chatter here.
If you recall, this property is a middle unit in the building which has 6 units.
It has some vintage features including high ceilings, hardwood floors, crown molding and a wood burning fireplace.
There’s an office with track lighting.
The master bedroom has an en suite master bathroom.
The kitchen has white cabinets, new granite counter tops and stainless steel appliances.
The unit has the features that buyers look for including central air and side-by-side washer/dryer in the unit along with an exterior outdoor parking space (now included in the pictures).
The listing says it’s just a half a block to DePaul’s campus.
Originally listed in February 2018 for $595,900, it had been reduced $21,000 to $574,900 before it was pulled from the market in January 2019.
6 months later it has re-listed 4% higher than its last listing price, at $599,000.
Will it finally sell in 2019?
Robert Briant at Re/Max Action still has the listing. See the pictures here.
Unit #2: 2 bedrooms, 2 baths, no square footage listed
- Sold in July 1995 for $249,000
- Sold in December 2001 for $369,000
- Originally listed in February 2018 for $595,900
- Reduced in July 2018 to $574,900
- Cancelled in January 2019 at $574,900
- Re-listed in July 2019 at $599,000
- Assessments are now $232 a month (they were $165 a month in October 2018) (includes exterior maintenance, lawn care, snow removal)
- Taxes are now $9985 (they were $7768 in October 2018)
- Central Air
- Side-by-side washer/dryer in the unit
- Exterior parking space
- Bedroom #1: 15×12
- Bedroom #2: 14×11
- Office: 8×7
- Living room: 19×12
- Dining room: 13×11
- Kitchen: 17×12
Picture 11-That Sucks! LOL
The only way I would consider a rental grade 2-bed is if A) it were priced at least $100K lower and B) if there is a flat out ban on rentals of any kind (Air BNB and longer term leases) in the building. This is too close to DePaul – – you will end up with students partying as neighbors. De Paul undergrad must be easy based on the behavior of the renters in the garden unit next to my house.
Also, no hood vent. Ugh.
This is basically a $2500/month rental, right? That’s asking basically $4k per month.
I would 10/10 rent a nicer apartment before tying myself to this place, at this price.
December 2001 for $369,000 + CPI = $535k; I’d argue the ’01 price was a little high, but that’s in no small part bc there was far less desirable inventory available in general.
10 grand a year in taxes for this place…. lmao
These pictures are embarrassingly bad and I’d have the realtor fired immediately for them. Also, while it is now staged, it looks like their 2 college furniture is in there now. They were better off not having it staged if that’s how cheaply they were going to do it. Finally, this place is overpriced by 50k-100k with the quality of finishes inside. This place is nothing more than a rental income producing property or a place you would buy as an investment if your kids were attending DePaul.
The backwards toilet paper installations in pics 17 and 21 make me really sad, but the vacuum in pic 11 gives me great joy.
Any theories on why a realtor thinks that picture #6 is going to help sell this unit?
picture #6
shows the fresh paint!
Sometimes you need a good laugh. What a POS. That dump isn’t worth more than 379,000. Love the cheap folding doors, and every piece of furniture looks like it’s about to collapse.