A Single Family Home Under $400,000 in North Center: 4146 N. Damen
This 3-bedroom single family house at 4146 N. Damen in North Center has been on the market since November 2009.
It has been reduced by $5,000 in that time.
The listing says it needs some “tlc”. It has also apparently been in the same family for 40 years.
Built in 1903, it has 3 bedrooms on the second floor. The house also has a 2 car garage on a standard 25×125 lot.
There is no central air but the listing says it has some of the original woodwork.
With its location near the Irving Park Brown line stop, is this an attractive condo-alternative?
Karen Snider at Coldwell Banker Honig-Bell has the listing. See the pictures here.
4146 N. Damen: 3 bedrooms, 1 bath, 1336 square feet, 2 car garage
- No original sales price as owned for 40 years
- Originally listed in November 2009 for $390,000
- Reduced
- Currently listed for $385,000
- Taxes of $3368
- No central air
- Bedroom #1: 12×11
- Bedroom #2: 8×10
- Bedroom #3: 8×11
In the last picture it looks like there is a guy urniating on the house…. With the way this place looks, it seems approriate.
I wonder if there is some potential to improve this place, because with low taxes and no assesments, you could save a lot over the years.
^^^LMAO at the dude peeing on the house!
If he didn’t have grey hair that coulda been me!
How much is a 3/1 rental here with 1,400sf? and rental for two garage spaces? Bet this is nowhere near CF+..
1336 square feet is a “huge colonial”?
“well cared for” and “well loved” – the pictures say otherwise. This place makes my eyes itch and I strangely want to drink Lysol.
the guy (maybe from the angle) peeing is right up there with the turd floating in the toliet realtor phots
oh no…i think i am now officially a crib-hater.
This house looks like 40 years of deferred maintenance.
If this home had sold three years ago it would have been a tear down.
Who knows what is wrong with this place? Foundation? Roof? Mold? Plumbing? Electrical?
I learndededded here on crib chatter its against the MLS rules to have a person in the pics. am i correct on that?
Kill this, with fire
Also no pics of kitchen or bathrooms. Wonder if they are 40 years old?
“Who knows what is wrong with this place? Foundation? Roof? Mold? Plumbing? Electrical?”
i helped a buddy here and there about 5 years ago on a place he bought. It was like this owners where there 30 years and it need tlc. from first look the place need to be torn down. but he found out that id had newish electrical (done in 95) and newish windows (done in 99). it was old plumbing but still in good shape (to this day only one leaky pipe in a wall).
He through on some vinyl siding (ewwww vinly), painted everything. i helped him tear down the porch and build a new one, and helped with the deck in the back.
Now the place is beautiful and it only took cosmetic (and new kitchen) to make it that way. the basement is still unfinished and no central air. but from looking at it right after he closed i thought he bought a dog of a house.
moral of the story…book cover thing…diamond in the thang….
House has long-term owner & senior exmeptions on taxes. Any buyer would likely face a steeply higher tax bill, after the run-off of your winning appeal (for paying less than the $518k assessed value).
Assessor sez 1386 SF, which is about right for the two floors (attic and basement not counted) as the house is wicked short–less than 35′ front to back.
I viewed this place. It’s pretty small and the only bathroom is upstairs. Also, the stair to get downstairs is really tight (making finishing off the basement with decent usability tough). It has central heat, so it’s ducted, you would have to add a condenser for central air. I would also do new electrical because it doesn’t have circuit breakers.
There wasn’t a lot of neglect, things are kept up pretty well, it’s just that things are older and haven’t been upgraded in a long time.
Unless your 75+ years old, the whole place would have to be upgraded.
At the end of the day it didn’t make sense for me, because I didn’t want to put a decent amount of money into a really small place, on a somewhat busy street.
Also the Realtor told me they had an offer to get me to act on the place and then the next day they dropped the price $5,000. Must not have been too strong of an offer. Also, what’s the point of a $5k reduction?
a rehabber or a o/o would prob take it at 300K. its between what the sellers think ‘better than a tear down’ to what the buyers can afford. to flip or live.
lol, look at this disaster nearby:
http://www.redfin.com/IL/Chicago/1828-W-Cuyler-Ave-60613/home/13390096
lol, look at this disaster nearby:
http://www.redfin.com/IL/Chicago/1828-W-Cuyler-Ave-60613/home/13390096
It saddens me to see people living in chosen squalor.
looks like pieces of the ceiling in the kitchen.
Nothing turns me off more on a real estate listing than primary exterior photos where part of the house gets cut off. Usually it’s the roof. It’s the dumbest realtor ‘trick’ out there. Even pre-google street view people could actually just drive-by the property and see whatever it is they’re trying to hide.
This house is in Coonley school district, a public school that is making big leaps and on its way to becoming a terrific school. I’d try to talk the price down and purchase the lot to build a new house, spend say roughly $500k on building. True, it’s on Damen, but that’s not a very busy section of Damen. You could walk to Welles Park from there. Great family location. Tear-downs in Bell district have sold in the ballpark of $530k in past year. That’s how I’d market this property. As far as a spec property for a new townhouse or condos, probably tough to get the financing in this market.
Under contract, so what Matt heard from the realtor may have been real talk
sold for 360k and flipped 6 months later for 300k more
“sold for 360k and flipped 6 months later for 300k more”
So, you lied about the other $38k on the flip to save transfer taxes? “only” $262 more.
Nice *looking* interior after the reno (yes, you’ll have to login):
http://www.redfin.com/IL/Chicago/4146-N-Damen-Ave-60618/home/13391654
“So, you lied about the other $38k on the flip to save transfer taxes? “only” $262 more.”
no i lied about owning a working calculator 😉
“Nice *looking* interior after the reno (yes, you’ll have to login):”
do you think it actually cost 262 to reno. its a nice job but a really basic one.
“do you think it actually cost 262 to reno.”
Of course not, as they didn’t price it much above the sale price, and they didn’t hold it very long. I’d bet in the 150-175 range.
“its a nice job but a really basic one.”
Sure, but what do you expect for about $125k over lot value? For the price, in the location, it’s pretty nice. And, on Damen, I wouldn’t want it much nicer–compare to http://www.redfin.com/IL/Chicago/4714-N-Damen-Ave-60625/home/13391432 which is nicer, in a “lesser” school a-a, and on a nice 40′ lot, but I think it’s going to have a hard time moving at that price.
“And, on Damen, I wouldn’t want it much nicer–compare to”
thats not just nicer its larger and on a 40′ wide lot!
it hard but i don think paying 900k to live on damen is kosher
“but what do you expect for about $125k over lot value? For the price, in the location, it’s pretty nice”
agreed thats why it sold quick good price on a updated house in a good location. still think the 150 reno estimate is high i say 100k-125k but leaning to lower than that.
“thats not just nicer its larger and on a 40? wide lot!
it hard but i don think paying 900k to live on damen is kosher”
Right, which is why putting anything much more than the flipper did into this house would have been kinda nuts.
“still think the 150 reno estimate is high i say 100k-125k but leaning to lower than that.”
They added 1.5 new bathrooms, finished the basement, rebuilt the back addition, updated (some) of the electric, undoubtedly put in new hvac, etc. Prob a new garage. If you have a contractor who will do that much work (materisl included) for $100k, I need his number.
If you are saying that his out of pocket to employee wages and for materials was ~125, I might buy that. But that’d still be $150-175k of work/materials at retail.
“But that’d still be $150-175k of work/materials at retail.”
“If you are saying that his out of pocket to employee wages and for materials was ~125”
yes for me and you it would be 175k actually for the average person it would even be more. as they would have upgraded some stuff as they saw fit.
but yes a pro doing it to flip it would be cheaper for his cost.
things that worry me about flips are corners cut. as a flip you need to be in and out fast and least amount of cost and move on to the next one. a person buying and reno to live in it wont cut that many corners.