East Lakeview 1-Bedroom Reduces $20K: 737 W. Brompton
We last chattered about this vintage 1-bedroom plus dining room at 737 W. Brompton in East Lakeview just over a month ago.
See our prior chatter and pictures here.
It has since been reduced by $20,000.
The unit has hardwood floors throughout, a wood burning fireplace and a unique window in the sunroom.
It also has central air. While there is no washer/dryer in the unit, the listing says one can be added.
There is no parking.
Mary Ann Genellie at Prudential Rubloff still has the listing. See more pictures and a virtual tour here.
Unit #2S: 1 bedroom, 1 bath, dining room, sunroom, no square footage listed
- Sold in September 1994 for $118,000
- Sold in March 2002 for $195,000
- Originally listed in December 2009 for $248,900
- Deactivated
- Re-listed in March 2010 and currently listed at $248,900
- Reduced
- Currently listed for $228,900
- Assessments of $132 a month
- Taxes of $2797
- Central Air
- No in-unit washer/dryer (can be added)
- No parking
- Bedroom #1: 13×11
- Living room: 17×11
- Dining room: 16×11
- Kitchen: 12×8
- Sunroom: 10×6
Good photos.
Didn’t realize this was still in Nettlehorst, this far north. . .
. . . If price goes a bit lower, seems like it may be getting to a point where it makes sense just on that basis– for a “move,” if not a move.
What’s for a “move” mean?
“What’s for a “move” mean?”
Hey, chichow– just saying some people purchase (or rent) places purely to get access to the local school. . . and sometimes they never actually move. They stay where they are and “move” only for purposes of school attendance.
It’s somewhat rare to find liveable places close to the point of “private school parity”– the point where carrying a property in an excellent district is less than the cost of private schooling.
Controversial subject, but that makes it interesting too.
Growing up i knew a number of folks that did just that SquareD… They were in a situation where the boundry moved and they bought studion less than two blocks awaw from their homw. Not only did buying the studio give them the school they wanted instead of private school, it also gave them a place for family and friends to stay when they visited since their home didnt have a spare bedroom.
Wow, didn’t know it was that “easy” to game the system (where easy means buying another property just to get into a school).
So can one just buy the cheapest craphole they can find in order to get into a school? Are there no actual residency requirements? Could you just rent some $500/mo studio in your school boundary of choice?
For the amount you would pay renting a craphole, you could just send your kid to private school and be done with it.
“For the amount you would pay renting a craphole, you could just send your kid to private school and be done with it.”
Aren’t the likes of Latin/British and the better private schools 20k+ a year? Not to say they compare with CPS schools.
“For the amount you would pay renting a craphole, you could just send your kid to private school and be done with it.”
Even if you have 3 kids? Don’t think you could send 3 kids to catholic school (even–nevermind parker/latin/british, as Barry points out) for less than it would cost to rent a “craphole”, even in Lincoln attendance area.
I am going to take a look at this place today. Dont know if it will make sense to buy this a first time buyer currently living in the loop.
“Wow, didn’t know it was that “easy” to game the system (where easy means buying another property just to get into a school).”
It is highly unlikely someone with a legitimate verification of address (bills, lease, etc) but not actual residence, would ever have a problem with attendance area school enrollment, unless someone specifically challenged their residency (and even if they did, the odds of follow-up are not too high)
And would you really consider BUYING ANOTHER PLACE an easy way to game the system?!
I’d think there are other ways that are far less onerous.
“And would you really consider BUYING ANOTHER PLACE an easy way to game the system?!”
Well, if the discussion of CPS on this site is any indication, people get crazy about schools. And if you have a nice house in a neighborhood that you like or can buy a nice house in a neighborhood you like for far less than if that house was a few blocks away in the “better” school district, one would have to consider alternatives. If you have 2+ kids, private school tuitions have to be really steep. Buying/renting another place might make sense at some point. Weird.