An East Village Single Family Home Now Under $500K: 832 N. Marshfield
We last chattered about this 3-bedroom single family home at 832 N. Marshfield in the East Village neighborhood of West Town in March 2010.
See our prior chatter and pictures here.
We compared it with a duplex condo of similar size which would also probably list for around a similar price. Many of you thought a price of $500k would be stretching it.
It is now listed just under $500,000.
This home has 20-foot high ceilings in the living room.
It also has a backyard and a 2-car garage as well as air conditioning.
All three bedrooms are on the second floor of the house.
There aren’t many single family homes priced under $500,000 in this neighborhood. Does that make this now a deal?
Jay Kuchenbecker at Conlon still has the listing. See more pictures here.
832 N. Marshfield: 3 bedrooms, 2.5 baths, no square footage listed, 2 car garage
- Sold in May 1994 for $43,000
- Sold in October 1994 for $96,000
- Was listed in March 2010 for $549,900
- Reduced
- Currently listed for $499,900
- Taxes of $7652
- Central Air
- Bedroom #1: 16×14
- Bedroom #2: 12×12
- Bedroom #3: 12×12
I love the area. I was walking around there this weekend and the side streets felt like Lincoln Park to my wife and I. Then I ran the crime report for the last two weeks and was a little turned-off. A lot of spill over from Humbodlt Park I guess. Also there are so many 3bd/2bth duplexes in the area with nicer finishes. I find this area very hard to price. It seems to have jumped straight from up and coming to established a little too quickly. I love the night light and walking distance to wicker park, but the lack of public transportation and prices approaching established neighborhoods make it a little harder to understand. I just wish it was priced more like it had a gang problem at it’s doorstep and no transport options. I am sure it will be with so much similar inventory out there.
looks nice in the pictures
Looks far worse in person, although I saw it before it was staged – does look pretty nice in the pics.
“Looks far worse in person, although I saw it before it was staged – does look pretty nice in the pics.”
Out of curiosity, what were the drawbacks? Because this seems like one that is too good to be true (a/k/a reasonably priced). Notice the CC’ers haven’t attacked it yet and it has been on the site well over 15 minutes.
Since when is reasonably priced too good to be true. 349K Now that is too good to be true–LOL
I have been by this house before. The house is nice and unique, I thought the area was so so which is probably why it isn’t moving. Not bad, but not really the la la land gentrification that most DINKs want when spending this kind of money.
It’s amazing how the area can be so-so yet it costs $500k for a SFH. how do the “so-so” neighbors that make up the neighborhood afford to live there? Gentrification is funny like that.
they live in the run-down, low rent apartment building that have been owned by the same absentee landlord for the last 20 years.
I think the gentrifiers have showen a willingness/desire to move in. However the crime that borders the arear to the south and the west makes them move out. Nothing like a 2pm strong arm robbery to ruin the vibe of what could be a really nice wicker park spill–over. As to this house, why wouldn’t someone pick up one of the foreclosed ones and gut them instead of paying for someone elses finishes?
HD, that is the problem… all the neighbors aren’t folks who would spend $500k on a single family. The buyers out there now have more choices and aren’t willing to sacrifice on location as much anymore so places in so-so areas have a hard time commanding higher prices.
There were a few nice condo buildings on the street, but I just remember seeing the house and recalling that it was featured on Cribchatter, but also thinking the area wasn’t all that great. It isn’t the “hood” but I could see it being a little too gritty for your typical DINK couple.
I wonder whether this house was constructed as part of a for-sale affordable housing development sponsored by a non-profit community development firm. Original purchase price was very low, as was immediate flip price, even for that time, even for that neighborhood.
JDawg,
The blue line is a 5-10 minute walk up Chicago. I would say that public transportation is defintely not lacking… i would actually public transportation proximity is pretty good.
Does anyone else notice, but that is a mighty big tree in that (narrow) backyard.
I swear this place was listed previously with a white facade. Does anyone recall?
The Amityville horror look doesn’t do much for the curb appeal.
Is this seriously back to $549,000?
That’s what the realtor’s website says…What is going on?