A Bank Owned 3-Bedroom Lincoln Park Townhouse Lists Under the 2005 Price: 2609 N. Greenview
This 3-bedroom townhouse in the Embassy Club at 2609 N. Greenview came on the market in April 2022.
The picture above is of one of the other parts of the Embassy Club but it’s the closest I could come up with in my photograph collection of the private cobblestone drive that leads to the townhouses off various streets including Southport and Wrightwood.
Built in 1992, the Embassy Club has 90 townhomes of various sizes and styles.
There’s a monthly association fee.
This townhouse has a family room and full bath on the main floor.
The second floor has the living and dining rooms, kitchen and a powder room with a fireplace and built-ins in the living room.
The townhouse has the preferred layout with all 3 bedrooms on the third floor including the primary suite which is ensuite. There is also a second full bath on that floor and various built-ins.
The kitchen has custom cabinets, high end appliances and stone counter tops along with an island.
There’s a private deck off the kitchen.
The townhouse has a rare attached 2-car garage and central air.
Embassy Club is near Wrightwood Park with its park district swimming pool and restaurants/bars on Southport, Diversey and Fullerton.
It is bank owned and has come on the market at $899,600, or $50,400 under the 2005 purchase price of $950,000.
At this price, will this townhouse be under contract this week?
Arthur Cirignani at Chicago Realty Partners has the listing. See the pictures here (sorry, no floor plan).
Unit C: 3 bedrooms, 3.5 baths, townhouse, no square footage listed
- Sold in May 1992 for $354,500
- Sold in May 2005 for $950,000
- Lis pendens foreclosure filed in May 2017
- Bank owned in February 2022
- Currently listed at $899,600
- Assessments of $215 a month (includes exterior maintenance, scavenger, snow removal)
- Taxes of $17,279
- Central Air
- 2-car attached garage
- Fireplace
- Bedroom #1: 18×26 (third floor)
- Bedroom #2: 10×14 (third floor)
- Bedroom #3: 9×12 (third floor)
- Dining room: 13×16 (second floor)
- Living room: 17×18 (second floor)
- Kitchen: 15×17 (second floor)
- Family room: 12×20 (main floor)
- Laundry on second floor
- Private deck off the kitchen
Looks like equivalent upgraded units sold in the $975k range so price seems somewhat reasonable (Depending on whats not shown in the pictures)
This is dirty mess & pictures are really 1/2 assed. Getting a cleaning crew and a photographer who knew what they were doing would help immensely.
Being bank owned, surprised no “as is/where is” language. Guessing they think they can get buyers to waive any inspections/repairs
“Lis pendens foreclosure filed in May 2017
Bank owned in February 2022”
Wow, is that how long it’s taking these days?
Price is likely a bit too high. This updated move-in-ready one sold for $950k (although admittedly it was last summer).
https://www.redfin.com/IL/Chicago/2658-N-Southport-Ave-60614/unit-I/home/13363068
“Wow, is that how long it’s taking these days?”
The former owners made a federal case out of it:
https://casetext.com/case/loventhal-v-select-portfolio-servicing-inc
Judgment was entered in Aug-19, but appealed, and then with covid delays tacked on, the sale wasn’t approved until Oct-21.
No federal case, no appeal, no covid, probably could have been done with 3 years ago.
“Wow, is that how long it’s taking these days?”
During the housing bust it took anywhere from 2 to 8 years to work its way through the court system.
This doesn’t seem that unusual to me.
But notice how quickly the bank relisted it once they finally had it. Only waited about a month to get it out there. Back in the housing bust, the banks would hold back on relisting the property for a year or more, in some cases. But the market is just too hot right now. Very few townhouses on the market in Lincoln Park with a 2-car garage under $900,000.
“This is dirty mess & pictures are really 1/2 assed. Getting a cleaning crew and a photographer who knew what they were doing would help immensely.”
In my opinion, these are actually better pictures than we usually see in most bank owned properties. And all of the appliances appear to be there in the kitchen, which is also unusual.
“all of the appliances appear to be there”
I do not care for the style, but it is a *far* ‘nicer’ kitchen than in the one Bluedog linked to.
Hmm that one linked is nice, but just a 1 car garage at $1M is rough.
This location is a bit far from an L stop for me though, might be nice for a family.
anon:
“all of the appliances appear to be there”
I do not care for the style, but it is a *far* ‘nicer’ kitchen than in the one Bluedog linked to.
WHHHAAAAAT?!? you are not parody of a Disney cartoon chef making pizza only using SAN MARZANO picked by Italian virgins?
umm…seriously though. Say the built in refrigerator dies. Is one generally able to get a current more update to date model from the same manufacture with the same dimensions and they just I don’t know replace/ swap out the refrigerator door or door cover?
Or one the refrigerator gives up the ghost you redo the kitchen or replace and give up the hidden look?
“ WHHHAAAAAT?!? you are not parody of a Disney cartoon chef making pizza only using SAN MARZANO picked by Italian virgins?”
False
One can’t get real S-M tomato’s in the US unless you go to Eataly
“ umm…seriously though. Say the built in refrigerator dies. Is one generally able to get a current more update to date model from the same manufacture with the same dimensions and they just I don’t know replace/ swap out the refrigerator door or door cover?”
At that price point, swap out the compressor
“Or one the refrigerator gives up the ghost you redo the kitchen or replace and give up the hidden look?”
S-Z has changed some over the years, so it’s a real issue depending on how old. But the target market for s-z wants a kitchen that’s not obviously 15 years out of date, so you could consider that a feature.
“At that price point, swap out the compressor”
This.
“Commercial Grade” appliances should be repairable for decades, and that’s (ime) generally true with s-z. Which is why you sometimes see the 30 yo s-z units–usually w/o panel fronts. Think they all have always had dual compressors, too, one for fridge, one for freeze–so you could get hit twice.
Contingent, as of Friday.