2-Bedroom Wrigleyville Victorian House Reduced Another $50K: 1167 W. Eddy
We last chattered about this 2-bedroom Victorian house at 1167 W. Eddy in Lakeview in October 2010.
See our prior chatter here.
At that time, no one really had an opinion as to what this might sell for.
Nearly 5 months later, it has been reduced another $50,000.
Built in 1893 on a standard 25×125 lot, the house has central air and a 2-car garage.
The house has retained some of its vintage features including hardwood floors and brass detailed pocket doors.
There are also 8 skylights and an unfinished basement with 8 foot ceilings.
While there are only 2 bedrooms, both of which are on the second floor, there is also a 14×10 office, also on the second floor.
The listing says the house is being sold “as-is”.
The kitchen has all white cabinets, counter tops and appliances.
It looks like the house has now been staged.
What will it take to sell this property?
Jan Sachs at Coldwell Banker has the listing. See the pictures here.
1167 W. Eddy: 2 bedrooms, 2 baths, 2 car garage, no square footage listed
- The previous sale was before 1990
- Originally listed in August 2010 for $674,900
- Reduced
- Was listed in October 2010 for $624,900
- Reduced
- Currently listed for $575,000
- Taxes of $6494
- Central Air
- Bedroom #1: 17×13 (second floor)
- Bedroom #2: 18×16 (second floor)
- Office: 14×10 (second floor)
I can get a 3 bedroom house in Uptown for that price. With a two car garage. 😉
you’ll need that extra room in uptown to store your body armor and weapon stash!
LOL!!!
With all my bantering today I’ll probably go home and end up getting shot….
This is a cute little place. Looks small for that kind of a nut.
i dont know about yoo’s but of the three places highlighted today i would take in this order;
1. wellington (next to a hospital)
2. uptown (getting shot and robbed)
3. clio’s farm (only if the lambo make a yearly appearance)
4. underthattreenextotheparkingramp (wouldnt have to pay 575k for the same view)
5. then maybe 1167 eddy
I hope not jason!
To the property… the slanted ceilings in this place @ this price make it tough
beautiful details but such a fatal flaw in all the bedrooms will make this a tough sell and I would guess 450-500k is probably fair market value assuming no other hidden flaws (like a recently flooded basement or whatever)
me neither!
This is a complete joke. A 2 bedroom frame house for over $600k. Hahahhaa. And realtors wonder why the market is so slow.
“A 2 bedroom frame house for over $600k”
Just to show I don’t just pick on clio:
$575k is *not* over $600k.
You’re right, I spend two seconds reading the page, miss the price reduction and BAM! I get whacked.
Regardless at $575 this is a JOKE most likely greedy boomers looking to fund their retirement.
The second floor with slanted rooms MAKES THIS A CONVERTED ATTIC. Jeez Louise.
I refuse to provide some profligate greedy boomer with their own personal bailout. Let them eat cat food and ramen for the rest of their life watching old reruns of Bewitched on MeTV in their crapshack. They can pay 70% of their fixed income to cover the taxes and maintenance. I don’t care. I will not overpay for some frame shack so a boomer can fund their retirement.
“$575k is *not* over $600k.”
Back in their August 2010 fantasy land the owners sure thought so. Guess the CC peanut gallery was right (yet again).
Also the owners are too stupid or don’t care enough about selling the place to realize that finishing that basement would definitely pay dividends when it comes to resale value
As is this is at best a 450k property. With the finished basement maybe 490k. Maybe.
If we do the ehhh 7% 8% sell price from the list price, then we are down to $530k
If nice nice nice 2/2 condo’s go in the $400’s, then I can see a tiny frame SFH going in the $500’s. I caveat this in that I’m not around this area enough to know if it is good or bad that its so close to Wrigley
It doesn’t look finished boomer style
“If nice nice nice 2/2 condo’s go in the $400’s”
Not many 2/2 condos are going for 400’s.
Also I recall there was a normal sized SFH listed six blocks south of here for 550k then 525k for quite awhile. It was a 3/2 but roof top decks and nice yard.
So this owner is dreaming.
@HD
“I refuse to provide some profligate greedy boomer with their own personal bailout. Let them eat cat food and ramen for the rest of their life watching old reruns of Bewitched on MeTV in their crapshack”
doode…Happy Hour just started. Have a beer and listen to some tunes.
We can play an endless game of “find an equivalently priced house in the New Trier (or Hinsdale Central) school district”.
Seriously, for half-a-mil plus, I would want not want the vertigo from the sloped ceilings. Half-a-mil is some fat cash which could go far in any number of suburbs. I just don’t see how the charms of Wrigleyville can command such a premium.
“If nice nice nice 2/2 condo’s go in the $400’s, then I can see a tiny frame SFH going in the $500’s. I caveat this in that I’m not around this area enough to know if it is good or bad that its so close to Wrigley”
Yeah, I feel the same way about relative prices.
I don’t know that the proximity to Wrigley is too awful, but the proximity to that Wrigley parking IS.
@Bob
““If nice nice nice 2/2 condo’s go in the $400’s”
Not many 2/2 condos are going for 400’s.”
Which is why I said nice times 3.
I’ll try again
normal 2/2 Lakeview 300’s
super fab 2/2 Lakeview 400’s
“super fab 2/2 Lakeview 400’s”
The kind of person who wants a super fab 400k+ Lakeview condo is not the same kind of person willing to buy this crapshack and live in it and/or invest some $ to make it nicer.
Let me try:
normal 2/1 Lakeview 100’s
normal 2/2 Lakeview 200’s
super fab 2/2 Lakeview 300’s
“I don’t know that the proximity to Wrigley is too awful, but the proximity to that Wrigley parking IS.”
This property should be discounted as if it were on the El.
and Bob examples of 2/2’s
-backing on to the L track
– facing a parking garage
– with no in-unit washer dryer
– and no parking
in the 200’s
“- facing a parking garage”
Ironic isn’t it genius?
oh crap. I didn’t go to Maps and check…there is a parking lot right there (DOH)
I’ll buy HD and Bob a fancy beer or Milwaukee’s Best at Old Town Social.
I went the open house a couple of weeks ago and learned that this is an estate sale: the former owner was a carpenter who did the detail work himself. The pictures don’t do this place justice: there are some gorgeous details in this house (hand-carved dental moulding, columns, ornate brass hinges) which would be expensive to duplicate elsewhere. There’s plenty of light thanks to the skylights (when I was there the whole place was quite bright despite the fact that it was overcast and snowing outside). The kitchen is huge. Plus there’s a full basement with decent ceiling height (about 8′), which means that there’s some real possibilities for an easy conversion into a large theater or family room there.
There’s also a completely screened in, two-story back porch, 2-car garage and cute backyard.
Honestly, when my husband and I went to look, he thought it was enormous.
But yeah, the sloped ceilings on the second floor are problematic. And the bathrooms are oddly placed: there’s a full bath on the ground floor with a tub and a second full bath on the upper floor without a tub — inconvenient for a family with a kid. Not to mention the fact that the kitchen does need updating (although I’d rather find a place with a crappy kitchen than the standard-and-trite granite and stainless steel appliances — I’d gut the kitchen either way).
But this is pretty close to perfect in my book: I love the location, I love the details (which aren’t easy to find nowadays), I like the size. I can’t find another SFH in this neighborhood with this much character, on a standard lot, on a quiet street, within walking distance of shopping and the L, with alley access, and without the train running through the backyard at this price point. I don’t think 2/2 condos are fair comparisons: the land has value in of itself and not hearing neighbors above, below or to the side is also quite valuable.
A little toooooo ironic….
“Ironic isn’t it genius?”
“oh crap. I didn’t go to Maps and check”
Sabrina had a pic in the prior post. It’s totally awesome–not just the parking, but right across from the entry, too.
p’wned
Tiger mom isn’t going to let me have dinner
Hard to peg a vaule on houses like this. It should command a premium over a condo. Having a 2 car garage, yard, and not having to deal with an association is great. However it’s small and like several people pointed out, do you really want to have to duck to not hit the ceiling in your bedroom? Plus at this price you really need a 3rd bedroom in addition to that office. So what could you do with this place? Not a desireable house but still better than a condo, no?
Why would it command a premium over a condo? The exterior is not pretty, yard is small, and it looks like it will need a lot of maintenance (regular gutter cleaning painting). Taxes and insurance will be higher than a condo. Yes, I pay an assessment by my condo has a doorman, gym, yoga etc… And, because our building is so large, when the cable goes out the company is here in less than 2 hours. If your not living in a family sized house… a condo is a much better way to go.
Also, your forgetting security. A house this size is for a single person or a couple. Several of you mentioned baby-boomers. Surely, the security of a doorman condo building is a plus for this category of buying. This property has all the work of a SFH, but not as much benefit.
I guess my thinking is that owning the parcel of land your home is on has more value than owning a condo. It’s a small yard, but how’s the yard at your condo building? Down the line you could put an addition on this house, remodel, change the floor plan, etc. Point taken about security, what you lose there you gain in privacy however. You’ll never have to deal with hearing your neighbors footsteps, music, shouting, or kids/drunks/dogs in the hallways.
This is a small and not family functional house, so should it be priced on par with a condo?
“shouting, or kids/drunks/dogs in the hallways. ”
Oh trust me Chris in this location you’ll definitely have to worry about shouting and drunks.
Wrigleyville is a place I used to go to when I was younger, and was craving a night out in an area that reminded me of the drunk fratty bars of college time. I would go there, get blasted, and then go home. I never understood the charm of actually living in that neighborhood..Proximity to Ian’s pizza is a plus though.
“I never understood the charm of actually living in that neighborhood.”
Me either. I understand the charm of living close enough to walk there but that close to “ground zero”, the epicenter of drunken fratty behavior in the midwestern United States, I’ll pass.
I suppose if you were an affluent alcoholic trying to relive their younger days and had mobility issues it would be perfect.
There are also other options around here for far cheaper. All of seeming falling down rental quality, though, which is where I put this.
“I suppose if you were an affluent alcoholic trying to relive their younger days and had mobility issues it would be perfect.”
Exactly – it keeps you young and in-tune with the current times. I have partied everywhere in the city but still love hanging out in wrigleyville/lincoln park. It is so much fun and reminds me of college – and there is nothing wrong with living it up a little as long as you are responsible during the week. It definitely is my las vegas!!!
i don’t have a problem with the unfinished basement — although a drop ceiling isn’t that hard to put in a space like that (Menard’s is having a sale) — but with only 2 bedrooms this truly is a starter family home.
I say it sells for low 400s.
SONIES!
I made it home okay today. We had a nice condo meeting in our six unit over a glass of wine.
We actually discussed how our safety is not a huge issue in this area anymore.
We decided to fire the secret ninjas and remove the barbed wire. 😉
good to know jason!
one day at a time!
“I made it home okay today. We had a nice condo meeting in our six unit over a glass of wine.”
Thank goodness. I seriously thought you were tempting fate Jason with your other, earlier, comment. 🙂
My biggest gripe with CC people continually overestimate how much space you need for a family. People have and are getting by happily on much less.
The size is fine for a family, office/3rd bed is plenty big enough for a kid. Outdoor space, garage parking with easy access to house for kids/grocery transfer and expandability via add-ons/basement are all big advantages over condo despite the maintenance headache.
With that said wouldn’t want my kids playing chicken with cubs drunk drivers throughout the summer. Having lived in this neighborhood 7-8 years ago I vowed to never do it again as daily interactions with drunks during the season and constant traffic issues had me burned out 6 months in and that was during my party days.
It certainly is one depressing block with that view which will also be tough to overcome. I would think once it dips under 500k however it’s right in line with rent parity.
“But this is pretty close to perfect in my book: I love the location, I love the details (which aren’t easy to find nowadays), I like the size. I can’t find another SFH in this neighborhood with this much character, on a standard lot, on a quiet street, within walking distance of shopping and the L, with alley access, and without the train running through the backyard at this price point.”
VK: Then why aren’t you buying it?
Here’s a crazy location for an $800K house (or two). I guess they think using the rendering rather than photo will get it sold.
http://www.redfin.com/IL/Chicago/2153-N-Stave-St-60647/home/39545669
“macteg on January 26th, 2011 at 9:53 pm
My biggest gripe with CC people continually overestimate how much space you need for a family. People have and are getting by happily on much less.”
I totally and completely agree with this. And yet, you could find comparable homes in Michigan for well under 100K.
This price point ain’t yo Catholic grandma’s “stuff 5 boys in a big attic bunk bed bedroom, 2 girls in the second bedroom, and share one bathroom” kind of family, middle-income raising. Therein lies the disconnect. You don’t need something massive for good family raising, but for $600K and being around the corner from Wrigley’s drunkenness? Eh… you can do much better.
That said: house is cute, and priced well. It just doesn’t dazzle (either in terms of vintage gorgeousness or kitchen/bath reno), and families will not want to live this close to Wrigley, imho. That’s what makes it a tough sell.
“My biggest gripe with CC people continually overestimate how much space you need for a family. People have and are getting by happily on much less.”
Real life translation = “My biggest gripe with CC people continually underestimate how much price per square foot you should pay for. People have paid more and are getting by behind the scenes on much more.”
“I would think once it dips under 500k however it’s right in line with rent parity.”
Hahaha yeah genius that’s why you curiously ignored my comp earlier which was a mile south, priced around 540k and twice the size that sat on the market for a good five months before selling.
500k isn’t rent parity for this: remember when you own you have real estate taxes and homeowners insurance on top of that mortgage.
“Here’s a crazy location for an $800K house (or two). I guess they think using the rendering rather than photo will get it sold.”
Does it work for internet dating sites
Maybe they are instead trying to maximize viewings (ie: first dates) vs. second dates/relationships (under contracts/sold)?
This owner must think special (nonexistent) rules of marketing apply to their particular property. Maybe they should engage in some special staging via engaging halloween horror house stagers. For an 800k property that is indeed hilarious. Shows how much dumb money is still out there.
“Families” don’t want to live this close to Wrigley? Well, SOMEONE’s producing all those kids who populate the local Catholic and public schools, not to mention the many day-care centers and tot lots to be found in greater LV/WV.
Some creative-minded Cubs-loving couple will buy (at a much lower price) and renovate this little love nest within the next 6 months, just in time for the arrival of baby Ronnie or Ronette.
Who’s kids filling those schools? Perhaps the sizable population of hispanic and immigrant Eastern European families who also live on north-side? This house won’t appeal to any child-contemplating couple who could afford the asking price. Not only is the house physically tiny, but its finishes are low-grade Home Depot quality and its relative fragility reminds me of the “Three Pigs” quality of “huff and puff and blow your house down”.
Why would realtor include that basement photo of the “rumpus room” seating, other than to confirm that the house is too small and too cheaply renovated for its market?
the issue raised of the security provided by a doorman building is a good one.
that will become an increasingly important factor, imho.
good friend’s condo in a 4 flat robbed on a friday afternoon the other day. green zone. broad stinkin’ daylight.
a house like this, though charming in some ways i’m sure, is a professional thief’s wet dream.
Architect,
I live in a house as tiny if not smaller, and we have no problems with the size and if we go for kid number 2 we could live comfortably with the size still.
the difference is i am not charging 600k for admission and i am not in puking/peeing distance from frat row central.
also for others i dont think a condo comparison is correct, maybe a duplex or a townhome is better.
@ old hickory
Errr…would that 4 flat be in Old Town near North Ave?
nope. West Loop.
@ old hickory
ah because I know of a 4 flat that was robbed recently in Old Town
That being said, will someone tell me what CCers consider the green zone again?
Green Zone is Lincoln Park / LakeView.
Then Gold Coast / Streeterville / River North
Does it include Loop – S.Loop – W.Loop
So Poor also included?
Groove: I’m a full supporter of “small is beautiful”, and am looking to downsize our family house by half. That said, I don’t think this trend has established itself for the majority of white-collar purchasers in Chicago market. And at this price, the target homebuyer of this house is the likely dual-income young professional couple. But this house lives smaller than the comparable 3-bedrm townhouse in LP or LV, excluding backyard and detached garage.
I’d love to move my new family into a SFH in LP/LV so something like this place would be in my sights. I wouldn’t want to live that close to Wrigley, but it’s still better than backing up to the L which at this price point is what you’re looking at (or a row house) For a full size lot this isn’t a horrible price. It would just need another $100k to $150k of work….a new kitchen and perhaps bath, plus finish off that basement. I would probably buy this place at $475k
I live about a block south of this house and can say that it’s a strange little 4-block pocket of Wrigleyville that’s got a more mature set of people living in it and not as much of the craziness. Yes, the craziness of Clark is RIGHT THERE, but it doesn’t tend to migrate west through these streets…it mostly goes east of here, toward Halsted.
And that parking garage may not be pretty, but outside of game days it’s quiet and doesn’t contribute to street parking problems that you see elsewhere in the neighborhood.
There are so few condos right in the immediate neighborhood that have a doorman, it’s not even worth discussing. The comparison should be against all the first-floor units nearby…and there are loads of them. Thankfully, it’s a pretty low crime area, and with the demographic of this pocket of Wrigleyville skewing a little older and more stable, people are generally watching out for one another more than in younger, more renter-heavy areas.
Homework assignment Bob:
Find me a SFH (3bed) in a top school district (Nettlehorst, Bell, Blaine, Lincoln Park) with garage parking and an outdoor space in the GZ for rent at $2750 or less.
At $490,000 you are looking around 2577 including tax, principal and interest. Insurance probably pushes you up to 2700.
The movement to smaller housing hasn’t completely taken off yet but you have a whole generation of people toughing it out in 2/2’s all over the city with one or two kids. I think you will see people move to smaller housing options in the city.
Parents of young children don’t want neighboring walls, their kids cry and make tons of noise, it’s a lot less stressful when you aren’t worrying about crotchety neighbors. Parents also don’t want to navigate stairs to and from a garage and need a secure outside outlet to let their kid(s) play in.
This places biggest Neg is it’s 2-3 blocks too close to Wrigley which probably makes it a no go except for the most daring of parents but I wouldn’t be surprised if there are some out there. Don’t underestimate what people will pay for a SFH in a good school disctrict. The savings on private school during elementary years far tops out that SQFT price.
“I’m a full supporter of “small is beautiful””
[insert dangle joke here]
“That said, I don’t think this trend has established itself for the majority of white-collar purchasers in Chicago market.”
not yet, but i hear it more and more at parties people whining about too much space compared to 2000 i heard “not enough space”.
but your right the market is still for bigger is better and words are one thing but actions show the market.
my favorite trend of the “bigger” era brought us 2/2’s with a 15×20 master bedroom and a 12×12 2br but 86’ed the dining room and gives a island with bar stools.
macteg: to expand upon what you’re saying – unfortunately, the ‘whole generation of people toughing it out in 2/2’s all over the city with one or two kids’ are sort of stuck – They’re living in the 2/2 because in the last 10 or 12 years the developers tore down the smaller frame home that used to exist there and in its place put a 4,000 sq ft home, a three flat condo, or townhomes. There are few smaller Sfh left for families. They will have to leave the area to buy a sfh, and move to the suburbs.
The ponzi scheme worked when the next generation of buyers came along and bought the 2/2 so that the family could move to a home in the city. But it’s over now and now they’re stuck. The $64,000 question is where do we go from here. Do they stay inthe 2/2’s? Do they take the loss? do they default and become foreclosures?
This goes directly to the supply and demand issue. There are fewer homes available and lots of condos. So of course they’ll pay more, because they have to if they want to live in the area. Therefore, only those with high incomes are able to afford the sfh. They send their kids to the public schools and we all know the high correlation because parent’s income and student performance. So the local public school is filled with rich kiddos with parents who are lawyers, doctors and i-bankers. I think few willingly want to raise young children in a 1,300 sq ft 2/2 condo with no outdoor area, no garage, no basement and little storage. So what will happen to all these units?
“Don’t underestimate what people will pay for a SFH in a good school disctrict. The savings on private school during elementary years far tops out that SQFT price.”
“They’re living in the 2/2 because in the last 10 or 12 years the developers tore down the smaller frame home that used to exist there and in its place put a 4,000 sq ft home, a three flat condo, or townhomes.”
HUGE HUGE HUGE POINT HD!!!!!!!!
goes back to when me and you were complaining a year back about “where are the starter homes?”.
“At $490,000 you are looking around 2577 including tax, principal and interest. Insurance probably pushes you up to 2700.”
Again, who actually pays $1500+ for HO insurance? We have a top of the line policy that’s about $900/year. Am I just getting a deal?
“The $64,000 question is where do we go from here.”
Don’t you mean the $640,000 question?
““where are the starter homes?”.”
Duh. In the center of it all … BERWYN!
“Am I just getting a deal?”
yes you are getting a deal i pay 760 and thats with the multi line discount (cars, umbrella, etc.)
Like Russ says, and I think it’s one of his better observations, the 2/2 condo as a substitute for a starter home was a complete failure. You can raise a family of 2 or 3 children in a 3 bedroom starter home with one bathroom even if it’s a bit cramped. It’s call levittown NY and countless others around the country. But I doubt you can raise a family of two or three children in a 2 bedroom condo with no yard. Especially teenagers. Imagine a 12 year old boy sharing a room with his 14 year old sister in a 1,200 sq ft condo. There’s no basement to get away, there’s no yard to hang out, not even an attic in which to set up a guitar or stereo for some privacy.
I know that the suburbs are full of 2/2 apartment complexes and many of them hold families, often 2 or more families and they sleep in shifts and everyone pays $100 a month rent and the rest of the money is sent abroad in the form of a remittance. Sure there are some ‘luxury’ 2/2’s here and there, and some seniors only, but for the most part, suburban 2/2s are decidedly working class places, even in the nicer burbs. Rents are generally between $800 and $1300 for a 2 bed 2 bath depending on the suburb and how ‘luxury’ it is and how little riff raff there is. 2/2’s in the infamous piper lane in prospect hts are cheap cheap even though there are very expenisve SFH just a short drive away, whereas palatine has more stable apartment complexes with 2/2s in the $1,200’s and $1,400’s.
http://www.apartmentguide.com/apartments/Illinois/Mount-Prospect/The-Colony/13188/
I’m still trying to decide what I think will happen to the vast multitude of 2/2s in the city.
“Duh. In the center of it all … BERWYN!”
you mean the next cicero as i call it?
“yes you are getting a deal i pay 760 and thats with the multi line discount (cars, umbrella, etc.)”
Yeah, me too, and maybe a higher deductible (1k), but who files little claims anyway, just to get your rate raised or canceled?
“the 2/2 condo as a substitute for a starter home was a complete failure”
yep!!! which goes to a point i used to make when i first started posting on crib chatter;
if you out grow your starter hom you can always build an addtion (big or small)
if you out grow your condo, well if the HOA allows it i guess you can enclose your 5×5 balcony?
“But I doubt you can raise a family of two or three children in a 2 bedroom condo with no yard. Especially teenagers. Imagine a 12 year old boy sharing a room with his 14 year old sister in a 1,200 sq ft condo. There’s no basement to get away, there’s no yard to hang out, not even an attic in which to set up a guitar or stereo for some privacy. ”
There’s a word for that: “NYC”.
“I’m still trying to decide what I think will happen to the vast multitude of 2/2s in the city.”
It’s a really good question, esp in the outer hoods.
“Yeah, me too, and maybe a higher deductible (1k), but who files little claims anyway, just to get your rate raised or canceled?”
I think your getting a deal, i have no clue about the ins and outs of home insurance but the fact your only paying $140 a YEAR more than me says i am getting it unlubed or your actually the geico gecko!
2/2 condo livin ain’t so bad… sheesh people will complain about ANYTHING
“Again, who actually pays $1500+ for HO insurance? We have a top of the line policy that’s about $900/year. Am I just getting a deal?”
Also if you have a renter’s policy, that further reduces differential. Mine is $125/yr or so for whatever limit (don’t remember) needed for umbrella.
“I think your getting a deal, i have no clue about the ins and outs of home insurance but the fact your only paying $140 a YEAR more than me says i am getting it unlubed or your actually the geico gecko!’
Does homeowners scale that much with cost of house? Dunno, but I can imagine lots of types of claims that don’t really vary with house price.
I can imagine lots of types of claims that don’t really vary with house price.”
Or where risk varies inversely with house price/neighborhood, etc.
One other option for folks in 2/2 condos is to buy the one next to you and expand. I’ve already had architect friends draw up plans for me if I were to do that and it is quite appealing.
Yes, it’s a small little subset of Manhattan where families live in 2/2’s; and there is also Harlem where they’re all crammed into the housing projects too. They also live that like in soviet russia, bulgaria and north korea where the government gives you a 2/1 for your entire family.
However, plenty of families in NYC live in the bouroughs or long island or upstate with the SFH. Don Draper has his kids in the NYC apartment only every other weekend. They live in osining the rest of the week. I know that show is fictional but it relates to life.
More specifically, families live in 2/2’s in the suburbs but like I said they are decidedly working class or fixed income. larger families with any sort of income move into townhome or tract home communities.
“anon (tfo) on January 27th, 2011 at 1:41 pm
“But I doubt you can raise a family of two or three children in a 2 bedroom condo with no yard. Especially teenagers. Imagine a 12 year old boy sharing a room with his 14 year old sister in a 1,200 sq ft condo. There’s no basement to get away, there’s no yard to hang out, not even an attic in which to set up a guitar or stereo for some privacy. ”
There’s a word for that: “NYC”.”
I don’t know if long term ie 10 years to 20 years the 2/2’s on the north side will suddenly appeal to families or if they will become working class, or more likely, revert to cheap rentals for the big ten grads. In the outlying ‘hoods they’ll be cheap for fixed income folks and working class families. This city is full of single moms/dads taking home $1,200 a paycheck and $900-1000 of one check goes to rent a 2 or 3 bedroom apartment. They’ll all move to wrigleyville if it becomes cheap enough
“They’ll all move to wrigleyville if it becomes cheap enough”
Move *back* to W’ville. It was slummy until about 25 years ago.
This place would be perfect for my single and others like him. He recently sold his 1000 sqft 2/1 house with a two car garage so this place is a mansion in comparison. Parking lot across the street? Fewer neighbors to complain about his motorcycles and disinterest in lawn care. Unfinished basement? Where else are you going to work on said motorcycles in the winter. Sloping ceilings? He’s short. Price? A little high, but still affordable for him.
Biggest problem, he has no desire to ever live anywhere as cold as Chicago.