Bank Owned 2-Bedroom in Southport: 1251 W. Roscoe
There were a lot of apartment to condo conversions in the Southport neighborhood of Lakeview during the boom including this building at 1251 W. Roscoe.
It was converted to condos in 2006.
This 2-bedroom unit is now bank owned and is listed for $52,100 under its 2006 purchase price.
There are Brazilian cherry floors throughout and exposed brick.
The kitchen is still intact and has 42 inch cabinets, stainless steel appliances and granite counter tops. The bath has marble and granite.
The listing also describes an “unfinished” lower level space which other first floor units have apparently duplexed down to double their space.
Is this a deal?
Carmen Carter at Henry Jones Realty Company has the listing. See the pictures here.
Unit #1: 2 bedrooms, 1 bath, no square footage listed
- Sold in June 2006 for $307,000
- Lis pendens in September 2008
- Bank owned in January 2010
- Currently listed for $254,900
- Assessments of $226 a month (includes cable)
- Taxes of $5200
- Central Air
- It doesn’t list an in-unit washer/dryer but Unit #2 also for sale in the building has one
- No parking
- Bedroom #1: 13×9
- Bedroom #2: 10×10
- Living room: 19×19
- Kitchen: 9×8
What a SH^^ hole.
“What a SH^^ hole.”
Could not agree more. Sad. Depressing. Even the outdoor space is gloomy. Drove down this part of Roscoe on Saturday and it was murder. Why someone would drop $250K for this defies reason.
with any luck, one positive of the housing slowdown is “Brazilian Cherry” floors will take on a bad vibe/associated as they (or other rainforest-depleting flooring and cabinets) were so often used in these blah cookie-cutter projects.
damn it, “bad vibe/ASSOCIATION.”
my kingdom for an edit button!
My wife and kids will love this space. Roscoe Village ROCKS!
Duplexing down will really open up the place bring in some great natural light in, SoPo is a great place 250k is a steal
The big question with this place is, who’s the person sleeping on the futon mattress in picture #6 and why not put that TV in picture #7 in the same depressing room!
Right by the El, and this is almost exactly 1 mile east of Roscoe Village. But I would think most people prefer this area of Lakeview, but I can’t say I’m one of them.
and this is why rentals shouldn’t be converted to condos.
So is that a back door in bedroom #2? Cozy.
Also I like the way they were too cheap to paint the trim.
The taxes seem rather high for the property.
Jon,
You drove down this stretch of Roscoe and it was “murder”? Boy, I sure do hate having restaurants, bars, fitness clubs, the “L” stop, dry-cleaners, grocery stores, great looking women, nice families, tree lined streets et, al right outside my door too!
I’m not a fan of this particular building, but this is a prime spot to live.
Price is good, will sell easily is my guess unless there is bank issues complicating conforming/conventional financing this place.
Depressing photos. Looks like a “shooting gallery” or a “tweeker pad”.
Eric, I agree. I don’t know what Jon is smoking, this is a fantastic location. The place in question, however, not so fantastic.
“Jon,
You drove down this stretch of Roscoe and it was “murder”? Boy, I sure do hate having restaurants, bars, fitness clubs, the “L” stop, dry-cleaners, grocery stores, great looking women, nice families, tree lined streets et, al right outside my door too!”
I was referring to the DRIVING. Tried to get from LSD to Roscoe Village up Belmont and Roscoe and it was a frustrating experience – that’s all I meant.
“Eric, I agree. I don’t know what Jon is smoking, this is a fantastic location.”
By the time it took me 30 minutes to get from LSD to Damen, I did need a cigarette. And a glass of wine.