Get a 1300 Sq. Ft. 2-Bedroom/2 Bath For Under $275,000 In Hamlin Park: 2143 W. Wellington
This 2-bedroom in Welbourn Row at 2143 W. Wellington in the Hamlin Park neighborhood of North Center came on the market in July 2012.
At 1300 square feet, it has a lot of the features buyers look for including both bedrooms having completely enclosed walls and windows.
The unit has central air, washer/dryer in the unit and garage parking is available for $25,000 extra.
The kitchen has stainless steel appliances and granite counter tops.
The building was constructed in 2005 and has 24 units.
It is located just one block from Hamlin Park.
Originally listed at $285,000, the unit has been reduced $35,000.
Is this a deal?
Jason Stratton at Koenig & Strey Real Living has the listing. See the pictures here.
Unit #403: 2 bedrooms, 2 baths, 1300 square feet
- Sold in April 2005 for $282,500
- Originally listed in July 2012 for $285,000
- Reduced
- Currently listed at $250,000 (plus $25,000 for parking)
- Assessments of $264 a month
- Taxes of $3789
- Central Air
- Washer/Dryer in the unit
- Bedroom #1: 15×13
- Bedroom #2: 13×10
In what way is that a “separate true dining area”? Looks like a combo kit/dr/lr to me.
Watch out for the project across the street.
Another unit with a crib (baby style) on cribchatter.
$199,999
It definitely looks overprice to me, especially with parking not included.
“Watch out for the project across the street.”
You mean the redevelopment project, right? Lathrop is over 80% vacant, with most of the occupied units south of Diversey.
Regarding the exterior: Is this an apartment building or a mental hospital?
You know with the refrigerator next to the wall, you can’t open the door all the way, and that makes it difficult to put the pizza box inside the fridge, which is a very annoying problem.
It’s just one block from Hamlin Park sabrina? Awesome!
How many blocks is it from Clybourn Ave?
I love Clybourn Avenue the traffic always moves so quickly down it and never any honking annoying horns or guys on Harley’s with BS added to their bikes to make them sound like a loud #2.
Oh wait it’s 0 blocks and 0 feet from Clybourn Avenue?
Man you are one cranky dude Bob. That being said, I completely agree with you on Clybourn. I avoid it like the plague on the weekend.
This building is so ugly, I didn’t even bother to look at the photos of the unit.
At first, I thought it was one of those 50s-vintage 4-plus-1 buildings that had a recent “facelift”, that you see too many of on the north lake front. I was deeply saddened when I realized it is an almost new building.
Tragic that somebody would deliberately design something like this.
You can put a bullseye on this one as “height of housing bubble-fever induced new construction”
These units are tied to Lathrop’s fate. As goes that redevelopment, so will go these…
btw “Welbourne” may be the stupidest word since “Northalsted”
I actually like this area and considered living here when i was looking, only downside is the crazy yuppie hater lady and the lack of public transit options in the immediate area and a new construction 2/2 was going for like 350k seemed a bit high so we stayed away
sigh. you realize the “crazy” lady was railing against exactly the real estate bubble that led to the astronomical prices you hate?
ah, once upon a time I remember the chorus of people shrieking against the common sense people “property values will only continue to skyrocket!”
“if you don’t like your property taxes escalating, sell/refinance and cash in!”
and who is crazy again?
“I actually like this area and considered living here when i was looking, only downside is the crazy yuppie hater lady and the lack of public transit options in the immediate area and a new construction 2/2 was going for like 350k seemed a bit high so we stayed away:
I repeat: the property tax is the most brutal, unfair, regressive (the poorer you are, the harder it hits) tax there is.
What is the use of buying and paying for a house or condo, oftentimes paying a substantial “ownership” premium vs. rent for a comparable unit, when you must pay a greedy, larcenous local government that is over-loaded with thieving parasites and their dozens of relatives all collecting 6-digit salaries and pensions(!!) and hands about half of the money needed for essential services to crony businessmen and large corporations, via TIFs, tax abatements and other subsidies? What’s the use of struggling for 30 years to own your home when you have to “cash out” at just the hour of your life when you most need the housing security you worked for, because you can’t pay the government-mandated rent on the property you “own”?
Laura:
I fully agree. Another example of radioactive fallout from the housing bubble is that senior citizens/people on fixed incomes got totally bamboozled by this whole “yeah, your property taxes are skyrocketing, but you can always refinance to pay for them as your property value is skyrocketing faster!”
The con there is that the housing prices fell, but these folks were left with the batshit-crazy taxes.
The extra con is that taxes are driven by a spendaholic government, as you point out re: TIFs.
NYC has the right idea – property taxes are very low, but they have a municipal income tax to pay for schools and other services. That’s progressive, as you are taxing actual income, not unrealized (and possible never realized) housing appreciation.