5-Bedroom Lincoln Park SFH Finally Sells for $1.915 Million Under the Original List: 1863 N. Bissell
We last chattered about this 5-bedroom single family home and coach house at 1863 N. Bissell in Lincoln Park in March 2011.
See our prior chatter here.
Listed as a short sale after having been on the market for 2 years, the house recently sold for $30,000 above the last list price of $1.85 million at $1.88 million.
If you recall, the house was built on a rare oversized lot of 48×125.
It was 6500 square feet and had a 3-car garage as well as a 3-bedroom coach house with its own parking pad.
There were no lower level bedrooms in this extra wide house. All 5 of them could easily fit on the second and third floors.
The kitchen had granite counter tops and stainless steel appliances.
Did someone get a steal?
Emily Sachs Wong at Koenig & Strey Real Living had the listing. You can still see the interior pictures here.
1863 N. Bissell: 5 bedrooms, 4 baths, 3 car garage, 6500 square feet plus a 3/1 coach house with parking pad
- There is no prior sales price- but it looks like it was originally sold in 1999
- Sold in May 2002 (couldn’t determine the price- but see our prior chatter for more discussion of prior sales prices)
- Sold in July 2008 (couldn’t determine the price)
- Originally listed in January 2009 for $3.795 million
- Lis pendens foreclosure filed in September 2009
- Reduced
- Listed in June 2010 for $2.45 million
- Was listed in March 2011 as a “short sale” for $1.85 million
- Sold in August 2011 for $1.88 million
- Taxes of $21446
- Central Air
- Bedroom #1: 22×22 (third floor)
- Bedroom #2: 11×14 (second floor)
- Bedroom #3: 10×13 (second floor)
- Bedroom #4: 12×11 (second floor)
- Bedroom #5: 13×13 (second floor)
if anything was a insane deal this was!!! for that price i would have happily dealt with traffic and oscar lunch meat school.
Yes, fantastic deal. For a wide lot, all brick…I think 2.5 would have been a great deal. 1.915 is fantastic.
What a beautiful house! I’m surprised this didn’t sell for more.
I hope the pasta in the drawers on the kitchen island came with the house! Then it would be absolutely fantastic! ….. I guess it is even without it. Although I must say, many of the rooms are rather blah when it comes to finishes. The dining area is nice but everything else seems very plain ….but hey, if that is your style, all the better!
I don’t know it looks pretty bland to me. I guess it has the location and size going for it but not much else IMHO.
Bland, sure but that can be changed with some interesting molding. Unless the buyer just perfers a stark astethic… Space and location FTW.
“I don’t know it looks pretty bland to me. I guess it has the location and size going for it but not much else IMHO.”
When you say size are you referring to the house square footage or the fact that it is almost the width of a double lot?
If a single lot is 800k, 2 lots is 1.6M, 2 lots together has to be worth more than 2 single lots.
A 6500sf home @ $200/sqft contruction is $1.3M. Conservatively your’e at $2.9M not figuring a two lot wide piece of property and using a construction cost that should be higher becuase you would want to put very high end everything in a house like this on this type of property if you were building new.
So whoever bought this could easily spend $150k and do upgrades here and there and still be way ahead.
This is definitely not my cup of tea (and hate the side addition) but it certainly seems like a hell of a price for that amount of space, even taking the L into account.
“If a single lot is 800k, 2 lots is 1.6M, 2 lots together has to be worth more than 2 single lots.”
Where are Chicago lots still going for $800K????
I would have bought this right up had I known about it. Rats.
Hmm, I put a redfin link through but anyway.
1717 N Hudson is listed at $825k. It has a structure, but is basically a tear down.
I’ll admit $800k may be a little agressive on the lot price though. But two together….
Not a great location (regardless of the train), but that’s a heck of a lot of property for the money in the Six O Six One Four. Congrats to the buyers.
Yes, twas a deal great property
I was reading in the latest CS magazine (great free crapper mag) about how (rich) people are paying big premiums for double lots in the city due to them being so scarce in prime neighborhoods
also its on the east side of the street, the EL isn’t running through your backyard or anything
Doesn’t the above sale make this:
http://www.redfin.com/IL/Chicago/1875-N-Fremont-St-60614/home/13350557
a good deal also?
“also its on the east side of the street, the EL isn’t running through your backyard or anything”
Yep, the east side of Bissel is priced the same as anywhere else in the neigborhood. The structures on the west side block have a large price differential since they are on the EL.
I don’t think the EL is noticeable for city standards on the east side of Bissell. Prob becuase the structure on the west create a sound barrier! ha.
East side of Bissel, is this place a deal at $619k?…
http://www.redfin.com/IL/Chicago/2108-N-Bissell-St-60614/home/13352951
You can’t tear down that place on Hudson it’s old town triangle so you have to keep the look – in general
chibuilder…
even numbers are on the west side of the street, so that one is on the EL tracks
odd numbers are on the east side of the street and not on the tracks
“You can’t tear down that place on Hudson it’s old town triangle so you have to keep the look – in general’
Good point. I forgot about that. So, does that make the land LESS valuable becuase you need to work with what is there?
“East side of Bissel, is this place a deal at $619k?…
http://www.redfin.com/IL/Chicago/2108-N-Bissell-St-60614/home/13352951”
Its on the El tracks. I would say no, its not a good deal. There are 3 brand new homes going up just south of Willow. It might be Bissell or named something else but is essentailly Bissell. Priced at $599. It’s on a curve and brown line only. So the noise would be as quiet as you can get living on the tracks.
You don’t want to be on the tracks where the red line is going full blast. You can’t hear anything. I know this first hand! Ahh…apt living in 2001.
South of Willow, Bissell runs diagonally SE to Dayton st.
You mean, would it be, if it WERE on the east side of Bissell?
That’s on the west side, right on the tracks (even-numbered address).
”
Chibuilder on August 17th, 2011 at 10:47 am
East side of Bissel, is this place a deal at $619k?…
http://www.redfin.com/IL/Chicago/2108-N-Bissell-St-60614/home/13352951
@looking to buy
6 on one hand / half-dozen on another
any type of restriction is going to lessen the land value / its old town triangle
I think it depends on whether you are ok with a worker cottage type look. The street is mixed. West side is more grungy. East side is slowly converting and you can see how nice the renovated places end up looking