Lincoln Park 2-Flat Under the 2003 Price: 2610 N. Mildred
This 2-flat at 2610 N. Mildred in Lincoln Park just came on the market.
Built in 1878, each of the units are 2 bedrooms, 1 bath. The listing says the property is in “need of updating but has great potential.”
The units have hardwood floors and eat-in kitchens.
The listing also says the property is being sold “as-is”. (I can’t tell from public records if it is bank owned or not.)
The lot size appears to be 33×75 and there is no parking.
Is this a deal?
Arthur Cirignani at Chicago Realty Partners has the listing. See the pictures here.
2610 N. Mildred: 4 bedrooms, 2 baths, 2-flat
- Sold in October 2003 for $527,000
- Lis pendens filed in March 2009
- Currently listed for $515,950
- Taxes of $9544
- No central air
- No parking
That is a foreclosure Sabrina! I think you owe me 20 properties and not just your cherry picked selections.
5 to 1 ratio remember?
LOL. None of your examples made money, heitboy.
strategic default
http://www.nytimes.com/2010/01/10/magazine/10FOB-wwln-t.html?em
I liked this quote in the above article.
“If the Mortgage Bankers Association is against defaults, its members, presumably the experts in such matters, might take better care not to lend people more than their homes are worth.”
“the bad side of lincoln park” ?
With apologies to the great Gary Coleman:
“What’chu talkin’ bout, Willis?”
I lived at 2748 N. Mildred back in the day (Oct. ’86 – March ’89.)
Rent was $625/month for a 2-bd.
‘Twas a fine neighborhood back then.
And you say Mildred & George St. no longer happily intersect?
’tis a shame if true.
Oh G – Maybe after you are done with appraiser school you can learn to read. The point of my post was in response to Sabrin’a claim that LP is at or below 2003 levels. She then claimed that she could provide 5 owners who got crushed to everyone that I listed who did not.
Still waiting for your girl to respond G-boy 😉
The only places that are at 2003 levels are a few places here and there, but not the majority. Even the West Loop, South Loop, Gold Coast prices have dipped that low. Sure there are exceptions but lets talks in terms of majority.
Which quite obviously explains why sales are so low and so many realtors are unemployed.
#
Andy on January 9th, 2010 at 12:02 pm
The only places that are at 2003 levels are a few places here and there, but not the majority. Even the West Loop, South Loop, Gold Coast prices have dipped that low. Sure there are exceptions but lets talks in terms of majority.”
Let’s recap. Sabrina says, “for every property you show me where the seller who bought 3 years ago is making more, I can show you 5 where the seller who bought 3 years ago in LP is getting crushed.”
heitboy then posted 4, none of which where the seller made any money.
heitboy tries to gather his senses, “Sabrina! You said 5 losers on 2005 purchases for every 1 price increase.”
But wait, he also said,
“The point of my post was to prove to Sabrina that LP is not at 2003 levels. It was not to show gains or losses on purchases.”
The realtard behind the heitboy moniker might change, but the inability to maintain a coherent thought stays the same.
I noticed that steve can’t quite calculate “3 years ago”.
he’s giving examples bought in 2005, when it should be 2006 and now 2007.
“I noticed that steve can’t quite calculate “3 years ago”.”
OMG, stevo is actually Barbie!! “Math is hard!”