A Seller Under Stress Near UIC: 1075 W. Roosevelt
There has been a lot of new construction on west Roosevelt Road towards the UIC medical center and by St. Ignatius College Prep.
1075 W. Roosevelt Road is a 23 unit new construction mid-rise built in 2006 at the intersection of Roosevelt and Blue Island. The original 2006 prices weren’t cheap.
One bedrooms started around $180,000 up to $270,000. Two bedrooms sold in the high-$200,000s to mid-$300,000s. The three bedroom units sold in the $400,000s.
Unit #305 is one of the larger units and has been trying to sell in a short-sale.
Unit #305: three bedrooms, two baths, 1614 square feet
- Sold in August 2006 for $444,000
- Listed in short sale for $459,900
- Was on the foreclosure auction list in mid-February 2008
- Foreclosure auction price of $355,000
- Assessments of $341 a month
From the listing:
PREFORECLOSURE. SHORT SALE. OFFER SUBJECT TO BANK APPROVAL MAKE AN OFFER. NEW CONSTRUCTION CONDO, BUILT IN 2006 THREE BEDROOM, 2 BATHROOMS, GRANITE COUNTER TOP, STAINLESS APPLIANCES. HUGE MASTER BEDROOM, 2 BALCONIES. VERY GOOD LOCATION,WALKING DISTANCE FROM UIC. FITNESS CENTER IN BLDG. NICE SKYLINE VIEW. MUST SEE. NOTE: LISTING AGENT IS RELATED TO THE OWNER.
I don’t have interior pictures of this particular unit. Sorry!
Two other units are also for sale in the building.
Unit #206: 2 bedrooms, 2 baths, 1187 square feet
- Sold in August 2006 for $298,369
- Currently listed for $335,000 (parking extra)
- Assessments of $258 a month
- Or you can also rent it for $1750 a month
- C. Gallucci Realty Inc. has the listing
Unit #406: 2 bedrooms, 2 baths, 1200 square feet
- Sold in September 2006 for $296,750
- Currently listed for $335,000 plus $25,000 for parking
- Assessments of $250 a month
- C. Gallucci Realty Inc. has the listing
This area was really built up in the last few years. It will be interesting to see what happens during a slowdown in the housing market.
Carmen Gallucci! That guy is hilarious.
Is parking included in unit 305’s asking price?