The 4-Bedroom Victorian Under $1 Million in Lincoln Park: 847 W. Lill
This 4-bedroom Victorian at 847 W. Lill in Lincoln Park has been on the market since May 2010.
It has not had any price reductions.
Built in 1888 on a standard 25×125 lot, it has many amenities home buyers look for including central air and a 2-car garage.
All 4 bedrooms are also on the second floor.
The kitchen has stainless steel appliances and granite counter tops.
The house also has a double staircase.
What will it take to sell this house?
Paulette Rodriguez at Jameson has the listing. See the pictures here.
847 W. Lill: 4 bedrooms, 2.5 baths, no square footage listed, 2 car garage
- Sold in July 1998 for $554,000
- Originally listed in May 2010 for $900,000
- No price reductions
- Currently listed at $900,000
- Taxes of $12,008
- Central Air
- Bedroom #1: 21×14
- Bedroom #2: 17×13
- Bedroom #3: 12×10
- Bedroom #4: 12×10
I think this is a fantastic house. Does anyone have a sense for how many sq ft? It looks quite spacious and the outdoor space would be great in the summer.
I think this is a great deal – someone could really enjoy living here for 20 years, and be confident that the land value, itself will be a good investment (even if the house needs to be torn down in 20 years).
In terms of the outdoor space, there is no privacy – can you imagine sunbathing or hanging out in your underwear while everybody is staring at you from the building next door? (actually, come to think of it, it might be quite fun!!!).
Joe, I agree, a floorplan would seem to be a requirement for a place like this– especially when a victorian has 4 bedrooms upstairs on a standard chicago lot, nice to see how they fit it.
Wonder if building a garage would have sold this by now?
Yeah, it is hard to figure out how everything fits. The sq ft has to be 2000 +/- because there is no finished basement and the back yard appears reasonably sized, even after adjusting for no garage.
The Bing “bird’s eye” photo was taken during “Taste of Lincoln Ave”. Completely irrelevant to the property, but sort of amusing.
Clio – why on earth would you expect to have a modicum of underwear related privacy in an outdoor space in a city of 3 million people?
Drop the price on this baby to 500k and I’m all over it.
doh!
assessor sez the building is 3391(!!!) sf, which supposedly excludes the basement.
Sorry- you guys are right. No garage- but it does have 2 car parking. It looks like, from the pictures, you could build a garage. You can see one of the cars in the picture of the backyard.
Not getting this one… it’s a very small looking Vic from the curb shot and nothing in the realm of even close to a mil from the inside. I’d guess price is dictated by land value here? Seems steep by well over 100K.
nothing say 900k like a large apartment building blocking all your light in your yard.
Clio, given your previous revelations it seems you’re fine wandering around sans underwear regardless of who might see…
“Clio, given your previous revelations it seems you’re fine wandering around sans underwear regardless of who might see”
true, roscoevillager, true – but I want to at least pretend to have a modicum of decency/humility…
“I want to at least pretend to have a modicum of decency/humility…”
You can be humble about your abject failure at that endeavor.
“assessor sez the building is 3391(!!!) sf, which supposedly excludes the basement.”
That is very hard to believe.
“That is very hard to believe.”
I KNOW! Of course, that’s why its AV is $83303, even tho it’s listed as a 2 flat with only 2 baths and no cac.
I guess the 3391 would include the basement if the (supposed) apartment were in the basement.
do you guys even think you could get 3391 with the basement?
“do you guys even think you could get 3391 with the basement?”
fu for making me open g-earth and measure–house is about 62 feet long and about 18.5 wide, for 1147 per floor, so yeah, 3391 is possible–not likely, of course, but possible.
“fu for making me open g-earth and measure”
good friday laugh 🙂
“3391 is possible–not likely, of course, but possible.”
then a appeal could help with the taxes then, i wonder how the assessor ever got that number?
Maybe $900+ in 2006. But with 2500+ sq ft Duplexes with Subzero/Wolf, garages, duel zone, etc. going for $550-650k in the area, their going to need to be about $150k lower. IMHO
Oops. Meant they’re not their.
Uggh, land value nose dive
http://www.coldwellbankeronline.com/Property/PropertyDetails.aspx?SearchID=9812206&PropertyID=1607004&RowNum=1&StateID=19&RegionID=0&IsRegularPS=True
What do you mean Uggh? Appropriately priced land values are better for everyone except those that overpaid for their property during the boom or those who were counting on outsized real estate appreciation to fund their retirement.
Exactly, I overpaid 🙂
“Exactly, I overpaid”
BJS, you really DIDN’T overpay if you are enjoying your place and get some real non-financial returns from it. Again, it is ALL psychological. I actually lose sleep over potentially losing 25-50k on some of my real estate properties and end up not selling because of it. On the other hand, I freely spent nearly 300k on a car (which is probably going to be worth 100k in 5-8 years) and have absolutely NO regrets. Why is that? Psychology. EVERY single one of us can find examples of this type of behavior (on different levels) so the sooner we realize that it is OK to splurge on housing/cars and things that make us happy, the better off we will be!!! Also, remember, your self worth is NOT based on how cunningly smart you were in getting “deals” nor is it how much money you have. The sooner everyone realizes THIS, the better off they will be.
Clio – I’ll buy the Lambo in 5 years at foreclosure rates of 50k. I’m sure it would bring me great happiness as well. I only want to drive it for one summer and get that out of my system. Then its back to my 5 year old Caddy. Besides the average person can not distinguish a well kept 5 year old Lambo from a new one. Enthusists yes, average folk no.
I know we’ve talked about this before, so my apologies.
I’m looking at a short sale and want to go in knowing what the house’s mortgage situation is. With property ID number, where do I go? Thanks in advance!
Cook County Reorder of Deeds
http://www.ccrd.info/
Thanks G!
“Uggh, land value nose dive”
It’s barely over 1/2 a lot and sold for $330k in 2002. That’s hardly a nosedive. It’s greatest value is probably to one of the two neighboring landowners–note the vacant lot to the north.