2-Bedroom Lincoln Park Townhouse Listed Just $7,900 Above 2001 Price: 2040 N. Lincoln
This 2-bedroom Lincoln Park townhouse at The Point at 2040 N. Lincoln, an enclave of townhouses at the intersection of Lincoln and Armitage in Lincoln Park, just came on the market. (The pictures above is of the townhomes on Armitage.)
It looks to be bank owned and is priced just $7,900 above the 2001 purchase price at $399,900.
There are no interior pictures with the listing but it says “move in ready.”
It also states: “Days 1-7: Offers will not be reviewed, Days 8-12: Offers ONLY from NSP buyers, Municipalities, Non-profit organizations and Owner-occupants will be reviewed. Days 13+: We will consider offers from all buyers.”
The townhouse is 1500 square feet, has cathedral ceilings, central air and garage parking.
Is this one of the lower level townhouses? (These have bigger units on the upper floors and lower level garden townhomes on the bottom floors.)
Otherwise, we don’t know the condition of the property.
But for this location- is this price a deal?
For a frame of reference, Unit #D, also a 2/2.5 with 1500 square feet sold in 2008 for $510,000.
[Also notice that it has been nearly 3 1/2 years since the last lis pendens on this property was filed and it coming on the market. Shadow inventory!]
Samuel Tarara at Koenig & Strey has the listing. See the listing here.
Unit #E: 2 bedrooms, 2.5 baths, 1500 square feet, garage parking
- Sold in September 2001 for $392,000
- Lis pendens filed in May 2007
- Lis pendens filed in October 2008
- Bank owned?
- Currently listed for $399,900
- Assessments of $363 a month
- Taxes of $7598
- Central Air
- Garage parking
- Bedroom #1: 19×11 (second floor)
- Bedroom #2: 13×9 (second floor)
Lincoln Park is almost as bad as Linkin Park.
no interior pictures = fail
good location, but no pics, no way to tell
since we havent had any chicago bungalow listings for a while here is a video of some to tide you over.
http://www.youtube.com/watch?v=cpBmej11bSw&feature=related
I remember looking at one of the upper 3 BR units years ago. I though the concept was very clever of stacking 2 townhouses, both of which are kind-of “split level”. But the upper unit–while ideal once you got there, had over 40 steps to climb from the front walk up to the kitchen! (they disguised that by breaking it into a number of flights of stairs, up to the front door into the building, another small flight up to a coat closet, another flight to the LR and then another up to the rest of the main level.)
The lower unit (which this one appears to be) has its entrance right at sidewalk level, has its living areas on that level (which is 1 1/2 stories) under the upper level’s LR, & then the 2 BR’s are on the second level in the rear. (I know, difficult to picture this!). Floor plan would help.
I do question the 1500 square feet, given my memory of these
This is the internet.We need pictures.
“Is this one of the lower level townhouses? (These have bigger units on the upper floors and lower level garden townhomes on the bottom floors.)”
In what way is that a “townhome” then? Isn’t this really a duplex up and a duplex down with no windows on the sides?
I saw this unit yesterday and it leaves a TON to be desired. The price is all “location, location, location”, and that is the only thing it has going for it 🙁
Everything (except a very recent paint job) is original and very late 80s/early 90s. Not to mention the place REEKS of cigarette smoke.
If you have 100k+ to sink into remodeling all 3 bathrooms and updated kitchen appliances, this is a steal.
PS – Why wouldn’t the listing agent take down the eviction notice on the front door prior to showing it?!
and yes, this is a lower level unit, or essentially a garden unit. It seemed a very small 1500sf
“Everything (except a very recent paint job) is original and very late 80s/early 90s.”
94/95 completion, right?
Someone help me out on waht was on the land before? Rundown apartment buildings?
I almost set up a tour of this unit but once i read Adams’ post , i can imagine. If it sounds too good to be true it usually is.
“In what way is that a “townhome” then? Isn’t this really a duplex up and a duplex down with no windows on the sides?”
So, people think it’s a townhome? Really? The separate entrance make the difference for you? Other than that, seems a helluva lot like a duplex down–the patio area is below sidewalk level.
Should the Wilton condo from today–with its separate entrance–be called a townhome, too? If not, why not? Could we call it a “penthouse townhome”.
Yes–that’s about the right timeframe. Not sure which part of the complex this is in, but I looked at the portion on the NE side of Lincoln when it was new, and that was in late 93. The part on the SW side of Lincoln was a year or two later, if I recall correctly.
The north part was a hospital that got torn down (Augustana?). Don’t recall about the rest of the parcel, but don’t think it was residential before this; more likely parking or something related to the hospital.
anon (tfo):
94/95 completion, right?
Someone help me out on waht was on the land before? Rundown apartment buildings?
“In what way is that a “townhome” then? Isn’t this really a duplex up and a duplex down with no windows on the sides?”
“So, people think it’s a townhome? Really? The separate entrance make the difference for you? Other than that, seems a helluva lot like a duplex down–the patio area is below sidewalk level.”
Are you having a discussion with yourself? Think I’d agree with you. Doesn’t seem like there should be anyone above or below any part of your townhome.
What’s the diff between a townhome and a rowhome? Is townhome when it’s part of a complex, wahtever that might mean?
Also, are these townhomes?
http://cribchatter.com/?p=6871
“Are you having a discussion with yourself?”
With the two thumbs downers. I don’t care about the thumbs down, as a thing unto itself, but assumed it was disagreeance with the “how is this a townhome” point, which I am *genuinely* curious about.
“Also, are these townhomes?”
By the transitive property of similarity, if these are townhomes, what condo *isn’t* a townhome?
“The north part was a hospital that got torn down (Augustana?). ”
Ah, yeah.
Best snap I can find:
http://www.llvintage.com/servlet/the-3216/1910-era-Augustana-Hospital/Detail
but that was long gone by the 90s, as that is where the pharmacy/countrywide office/gemini bistro is. Can see the Four Farthings building on the left and the Carnival foods corner on the left.
Interesting that Dickens used to be Garfield.
“disagreeance with the “how is this a townhome” point, which I am *genuinely* curious about.”
Has icarus been screwing around with the wiki? There is this (completely unsourced) claim:
http://en.wikipedia.org/wiki/Townhouse#Canada_and_United_States:
“The distinction between dwellings called just “apartments” and those called “townhouses” is that townhouses usually consist of multiple floors and have their own outside door as opposed to having only one level and an interior hallway access. They can also be “stacked” and such townhouses have multiple units vertically (typically two), normally each with its own private entrance from the street or at least from the outside. They can be side by side in a row of three or more, in which case they are sometimes referred to as “rowhouses”.”
I think the hospital was on the other side of lincoln too. the s side of dickens between linc and whatever is just east, sedgwick maybe
groove, thanks for the farley jackmaster funk link. i found this which i hadnt heard for 22yrs at least http://www.youtube.com/watch?v=UzqhRicKCLM
“Can see the Four Farthings building on the left ”
I can not believe that I lived in Chicago, had access to spray-paint, and didn’t know there was a building called Four Fartings.
Now online looking for a flight from GIG to ORD as we speak.
Oops, ze’s new favorite building on your other left, more commonly known as the right.
JAH- 40 steps? You definitely need to move closer to a Leona’s. Probably not a draw that it’s 400 steps to the lakefront.
Man, this is what’s wrong with Chicago.
We had this gorgeous building—
http://www.llvintage.com/servlet/the-3216/1910-era-Augustana-Hospital/Detail
that got turned into these abortions.
Quite an architectural legacy we’ll leave the next generations.
Augustana was still around in the early ’90s. I grew up near there and they used to have a haunted house there inside the hospital when it closed. Carnival is an old time (70’s) neighborhood standard. Also Hudson just east of here is one of the best blocks in the city.
“that got turned into these abortions.”
Your commentary aside I actually happen to like the neo-classical architectural style of this development.
Shitty location for commuters though. Anonny might buy it though.
I am a Realtor who strongly supports the right of privacy (regarding an owner’s decision to NOT allow interior pix) over the “right” of every peeping Tom, Dick and Mary trolling the Internet to pry into another person’s “castle” simply to satisfy curiosity.
If you want to see a home, based on whatever info IS available to you, go to an open house or call a Realtor for an appointment!
“I am a Realtor who strongly supports the right of privacy (regarding an owner’s decision to NOT allow interior pix) over the “right” of every peeping Tom, Dick and Mary trolling the Internet to pry into another person’s “castle” simply to satisfy curiosity.”
That’s nice and all, but the reality is people are far less likely to come see a place if they cannot see the interior. I doubt a lot of people “troll” Redfin and other sites simply from idle curiosity, but rather the vast majority of people on those sites are interested in buying a home. So you and the owner can stand on the right of privacy, but if the owner actually is trying to sell their place they’re shooting themselves in the foot. Is not showing interior pictures really worth the risk of, for example, selling your home 4 months later and at a 5% lower price than if you had included the pictures?
“groove, thanks for the farley jackmaster funk link. i found this which i hadnt heard for 22yrs at least http://www.youtube.com/watch?v=UzqhRicKCLM”
daryl pandy’s voice is boming. IIRC jessie sander found him and he was already known in off brodway musicals.
look on you tube for the actual video for love cant turn around. the dude is flaming
“I am a Realtor who strongly supports the right of privacy (regarding an owner’s decision to NOT allow interior pix) over the “right” of every peeping Tom, Dick and Mary trolling the Internet to pry into another person’s “castle” simply to satisfy curiosity.”
Do you think that’s the reason here for lack of photos?
“That’s nice and all, but the reality is people are far less likely to come see a place if they cannot see the interior.”
Absolutely.
“I doubt a lot of people “troll” Redfin and other sites simply from idle curiosity, but rather the vast majority of people on those sites are interested in buying a home.”
Yes, although I do think neighbors will often look up a house that has a for sale sign or that they know is for sale. Of course, they might well go to an open house as well.
” the dude is flaming”
C’mon not even a 4.5 out of 10 on the WL scale.
“I am a Realtor who strongly supports the right of privacy (regarding an owner’s decision to NOT allow interior pix) over the “right” of every peeping Tom, Dick and Mary trolling the Internet to pry into another person’s “castle” simply to satisfy curiosity.”
You’re wasting your own time by not posting photos of your listings when you’re a seller or agent. Prospective buyers view the photos just to see if the place is worth a further look, and to eliminate listings that they can tell by the photos are completely unsuitable or just not to their taste. By posting photos, you save a lot of time setting going out to appointments to show the place to a buyer who is going to hate it the minute she walks in the door.
Believe me, the place’s cosmetic flaws and obvious decrepit condition are not going to be less visible or more appealing when the buyer sees them up close, so why waste not let prospective buyers see right away if there’s any use in looking closer?
“C’mon not even a 4.5 out of 10 on the WL scale.”
but how many points would WL deduct on account of the mullet?
““C’mon not even a 4.5 out of 10 on the WL scale.”
but how many points would WL deduct on account of the mullet?”
and the sparkly shirt with hat?
It’s funny to me to see a realtor stumbling through a discussion of rights and why the internet is bad. I would love to be a fly on the wall to see what kind of bad advice idiots like this one give to their clients.
“It’s funny to me to see a realtor stumbling through a discussion of rights and why the internet is bad. I would love to be a fly on the wall to see what kind of bad advice idiots like this one give to their clients”
I could not agree more with this statement.
I toured one of these lower level “townhomes” at the Point 2 years ago when I was in the market. The place was priced somewhere between $500 and 550K. The outdoor space was lacking (small front footprint on a heavily traveled street), but overall the layout was good and I really liked the location, and would have paid $425K. Depending upon how the interior looks (appliances present, nothing seriously damaged) I think this will sell near ask.
Man I’m old. I remember these going on up and thinking of a cheaper version of Oak Club.
“Man, this is what’s wrong with Chicago. We had this gorgeous building… that got turned into these abortions.”
For anyone who is struggling to determine which corner Augustana Hospital was on, here is a google streetview to match the linked image: http://g.co/maps/h2dqw
Are all the properties at the Point “stacked” like this? They are all either upper or lower “town homes”? I’ve looked at online listings there but have never actually been to see any.
great timing…drove by these places this week, was wondering what the prices/chatter about them would be.
“I can not believe that I lived in Chicago, had access to spray-paint, and didn’t know there was a building called Four Fartings.”
Who would thumb up that comment?!! Ze: a farthing is akin to the shekel.
“I toured one of these lower level “townhomes” at the Point 2 years ago when I was in the market. The place was priced somewhere between $500 and 550K. The outdoor space was lacking (small front footprint on a heavily traveled street), but overall the layout was good and I really liked the location, and would have paid $425K. Depending upon how the interior looks (appliances present, nothing seriously damaged) I think this will sell near ask.”
In 2012….what is the age buyer of these? Demographics please…. Who lives in these places?
“In 2012….what is the age buyer of these? Demographics please…. Who lives in these places?”
For these stacked two bedroom condos (sorry, “townhouses”) directly on Lincoln, I’d say they’re destined to be, if they’re not already, a good choice for the 22 – 30 set. Some of the places at the Pointe along Sedgwick, Dickens and on Armitage) are another story (i.e., I believe there are actual TH/”RH” places, plus they’re simply not located on Lincoln). On one hand, I’d be inclined to take a 3 (or more) bed along Sedgwick or Dickens…some of those units seek like affordable alternatives to the RH/small SFH’s nearby. On the other hand, I’d be reluctant to hitch my wagon to the Point as a whole (I’d worry about the future of those stacked 2 beds, and the whole development is likely going to need lots of work in the not so distant future). Plus, I imagine that the addition of the TH/RH slated at the hospital redevelopment will put some downward pressure on the actual TH/RH at the Pointe.
I would not buy into Pointe, these units look nice from outside but a lot of them have water infiltration issues, heard some even have mold. My realtor told me a huge special assessment is on the way so they can cover the repair.