Bank Owned 2004 Construction 2-Bedroom: 939 N. Wolcott in West Town
This 2-bedroom unit at 939 N. Wolcott in West Town just came on the market.
It is bank owned.
Built in 2004, the pictures indicate that the kitchen is intact with its stainless steel appliances, granite counter tops and wood cabinets.
The bathrooms also appear to be intact.
The unit is listed $19,100 under the 2004 purchase price.
Is this even much of a deal?
Linda O’Donnell at Re/Max Signature has the listing. See the pictures here.
Unit #2: 2 bedrooms, 2 baths, 1 car parking
- Sold in September 2004 for $339,000
- Originally listed in March 2009
- Lis pendens foreclosure filed in July 2009
- Bank owned in July 2010
- Just came on the market for $319,900
- Assessments of $219 a month
- Taxes of $4848
- Central Air
- No washer/dryer listed but it would probably have in-unit hook-ups
- Bedroom #1: 15×12
- Bedroom #2: 12×10
- Cancelled in January 2010
Here’s the comp that sold for more than the 2004 price that’s why this unit is priced accordingly.
http://www.redfin.com/IL/Chicago/947-N-Honore-St-60622/unit-2/home/12714916
Will it sell?
i have a friend on Honore right here and while its a nice part of town (except for that shitty block on Ashland or is it Paulina and Chicago), your rent $$$ can go a long ways but if you work in the loop its a sucky location for commuter purposes. he works in the burbs and drives everywhere so its no big deal, but no way in hell would I pay that much to live here
Ashland. Had my window popped out while parked on Walton near the HS last spring.
good finishes looks small; 225K would get some attention baring major defects.
I live nearby and love the hood. I’m currently in the market for something similar, but I’d prefer to live between the 1,000 to 1,400 north blocks between Ashland and Wood. However, I will not even look at units that are “#2” or “B” because I either want a duplex down or the top floor with a roof deck. I’m really struggling to find something with any character at all.
SO many incorrect comments from people that do not live near here:
Bad commuter location? Not true. I walk to the Blue Line at Division every day and I am in the loop in under 8 minutes.
Safety? Even if Ashland was unsafe, this place is what, 5 blocks from Ashland?
And if you think you can get this place for 225k you are dreaming. I bet is goes for 305-310.
Love the hood!
That looks like a long walk from the subject property to the Division blue line stop. There are few intersections in Chicago that are more miserable, third-worldish, ugly, and unclean than Ashland/Division/Milwaukee.
“There are few intersections in Chicago that are more miserable, third-worldish, ugly, and unclean than Ashland/Division/Milwaukee.”
One of my favorite places in the city. Other tribes, other vibes…
> There are few intersections in Chicago that are more miserable, third-worldish, ugly, and unclean than Ashland/Division/Milwaukee.
Obviously, you have not seen much of our fair city.
“There are few intersections in Chicago that are more miserable, third-worldish, ugly, and unclean than Ashland/Division/Milwaukee”
yeah i am with brad on that i can name 45 other intersections that are worse.
if they plant more trees that intersection would be awesome.
Dan – I suppose you’re referring to the Polish Triangle Park a/k/a “Pigeon Park” which was the result of many years of efforts by public and private concerns in the neighborhood. Supposedly further improvements are under discussion with the goal of improving the attractiveness of the space without losing its “offbeat” aura.
Did you know that the beautiful fountain that’s the centerpiece of the triangle is the Nelson Algren Fountain? It’s dedicated to the memory of one of Chicago’s top novelists who lived in the ‘hood and wrote about the people who lived there in the 1940s. Sixty years later, his “Man with the Golden Arm” is still a relevant portrait of the urban underclass.
In the stones surrounding the fountain is a famous Algren quote: “Those who do the city’s labor also hold the city’s heart.”
A quick drop to $239,400…
it is pending now.