Vintage Beauty Reduces: 507 W. Aldine in East Lakeview
We chattered about this 2-bedroom vintage unit at 507 W. Aldine in East Lakeview in February 2009.
See our prior chatter and more pictures here.
It’s been reduced $10,100.
Brad Lippitz at Brad Lippitz Real Estate Group still has the listing. See more pictures here.
Unit#2B: 2 bedrooms, 2 baths, dining room, no square footage listed
- Sold in May 1995 for $154,000
- Sold in June 1998 for $199,000
- Sold in April 2000 for $243,000
- Sold in March 2007 for $379,000
- Was listed in February 2009 for $410,000 (includes the parking)
- Reduced
- Currently listed for $399,900 (includes the parking)
- OR you can rent it for $2300 a month
- Assessments of $344 a month
- Taxes of $4830
- No central air- window units
- In-unit Washer/Dryer
- Wood-burning fireplace
- Bedroom #1: 14×12
- Bedroom #2: 12×11
Overall for the location, not all that bad! I am sure one could overlook no central AC, the moulding in the LR that goes all the way to the floor (should be as in the DR if you wanted it done correctly) and that era’s long hallway.
I do appreciate the fact that for the final asking price they ‘threw in’ the parking space instead of listing it as an extra expense.
Not bad…
did anyone else notice the “other room” dimensions in the listing…. 02X03. Since when did we start including the closet?!
I think this is a great place. Good location too. If they want to move it though, they need to finish the kitchen reno. It is a bit tacky having SS appliances and a white range hood… Also, the florecent lights under the cabinets should be replaced with small halogen spots ($35 fix).
“the “other room” dimensions in the listing…. 02X03”
The listing sez that’s the “foyer”. There’s a pic of the “foyer” and it’s at least 4×8 and looks to have a big closet, too. A kinda dumb screw-up on the listing.
Still over the bubble price, seller can fuck themselves. People like this got us into this mess.
The thing everyone seems to forget is that Lincoln Park and Lakeview are “different” and they are not affected by the biggest housing bust ever…The seller will be lucky to get $340K for this place.
MJ,
I agree. But watch them pull some crap like listing at 340 but then having the parking seperate at 40k. And of course not be willing to sell the place independent of parking. That is the fantasy world these stuck flippers live in.
i love vintages condos and really wanted to like this pace, but i couldn’t. i give the photographer credit for making the unit look roomy, but it is tiny, tiny, tiny. the stackable washer/dryer is in the hall closet and all bedroom closets were (expectedly) small. the kitchen felt cramped. there was no outdoor space (other than a small fire escape). the plaster was cracking and peeling. the unit is on the second floor and faces the courtyard into another condo — i saw it in the middle of the afternoon, and there was not very much light. sure why it’s going for as much as it is.
* not sure why it’s going for as much as it is.
“these stuck flippers”
This really looks more like your dreaded bredder yups, Bob, “needing” to move to the ‘burbs, or at least a bigger place. Stuck yes, but “flipper” only b/c they were shortsighted, not intentionally buying to sell.
Yeah true they were just dumb. Not as scr_wed as a flipper as they can (and will) remain here, with their oversized mortgage and all. But definitely dumber than a flipper.
Tough price to pay for bragging to friends in their age range that they “own”. LOL. They “own” alright… a giant mortgage.
This is a beautiful block and the unit looks nice (from the pictures).
From my experience, these days in E. Lakeview, vintage one bedrooms are going for less than 1k in rent, and two bedrooms are at the $1600 range. My building is nearby to this one, and has 25% of the units vacant. People are negotiating and definitely paying the price they want.
I don’t understand why they think they can rent for $2300, let alone sell for 400k. Don’t they research the comps at all?
Just reduced to 375k….