Another Chance for a Townhouse in Lincoln Park for under $380,000
It seems the more you look, the more you find these smaller townhouses all over Lincoln Park.
This one at 2644 N. Wayne was built in 1983. You can’t tell much from the pictures. I don’t have square footage, but it appears pretty small.
- Livingroom: 13 x 11
- Kitchen: 12 x 6
- Family Room: 16 x 13
- Bedroom: 13 x 11
- Bedroom: 11 x 10
What do you expect for $379,000?
There is also the “pull down stairs to roof for summer fun” as we’ve seen before.
2644 N. Wayne #C: 2 bedrooms, 1 bath
- Sold in April 2002 for $294,000
- Currently listed for $379,000
- “Assigned parking” included
- Assessment of $60 a month
- Re/Max Exclusive Properties has the listing.
The other two townhouses in Lincoln Park we’ve chattered about are still for sale:
2707 N. Lincoln #C listed at $399,000
2128 N. Lincoln listed at $367,000
Sorry to yet again post an off-topic question, but I find the regular posters on here to be very well informed as to the Chicago market. My (perhaps silly) question: If I use a broker to find a rental, do I pay the broker a fee? (I was a broker in NYC, and we charged a fee equal to 15% of one year’s rent, paid by the renter.)
I know that the search companies, e.g., “Apartment Finders,” “Apartment People,” etc. charge the landlord a fee, not the renter. But what about “actual” real estate brokers who, using MLS listings, arrange for showings and leasing for the prospective renter?
Thanks!
Usually the seller pays the commission to the brokers for rentals through the MLS. So, the seller would pay something like the equivalent of 1 month’s rent divided between the buyer’s broker and the selling agent/office.
That’s right. The renter pays nothing to the agents in Chicago. The fees are paid by the landlord. It’s a good deal for the renters.
Thanks! Hope you’re all having a nice weekend.
I wouldn’t call it a good deal for the renters. The renter is paying for it one way or another, either directly or through higher rents. Frankly, I’d rather pay directly, because if it’s through higher rents, you are subsidizing the rent of the tenant who moves more frequently than you. (On the other hand, of course, if you are the kind of tenant who moves frequently, you’re better off with the seller-pays model, because you are the one who is being subsidized by your more stable neighbors.)
Those exteriors are hideous. Looks like you are living at a Sam’s Club.
Agreed. The trend of putting garages on the first floor facing the street is a disturbing one. I have walked past many newer LP/Lakeview townhomes on streets that do have alleys that the developer chooses not to use. I’m not sure about this case though.
In any case, the number of driveways springing up bodes poorly for those who appreciate thoughtful architecture.