Enjoy the Restaurants By Living Right on Division: 1714 W. Division in Wicker Park
Many homebuyers in both Ukranian Village and Wicker Park cite proximity to the restaurants and retail scene on Division as a reason to buy in the neighborhood.
This 2-bedroom at 1714 W. Division recently came back on the market after being on and off the market since June 2008.
The listing says it is a Fannie Mae Homepath property and can be purchased for just 3% down.
This was a new construction building in 2006 so it has all the finishes of the new construction buildings including stainless steel appliances in the kitchen and granite countertops.
The baths are marble.
There are 2 balconies and 1-car garage.
The unit is now listed for $171,000 under the June 2008 list.
What will it take to finally sell this property?
Joseph Pav at Pav Realtors has the listing. See the pictures here.
Unit #1: 2 bedrooms, 2 baths, 1251 square feet
- The records are messed up so I can’t decipher the prior price
- Originally listed in June 2008 for $495,900
- Reduced numerous times
- Was listed in August 2010 for $329,700
- Reduced
- Currently listed for $324,900
- Assessments of $250 a month
- Taxes of $5841
- Central Air
- Washer/Dryer in the unit
- Bedroom #1: 15×13
- Bedroom #2: 10×10
New construction
in the heart of D-Bag country.
cant think of anything finer.
Lots of thought put into the installation of the tv dish(es).
Oh wow you can get more sun in a windowless “garden” apartment
ONLY 3% DOWN!?!?!?!?
NOWZ I WONT CARE WHEN I WALK AWAY FROM THIS IN TWO YEARS AFTER NOT MAKING A SINGLE PAYMENT!
WHO GOT THE AGENT’S DIGITS?
“Owning” truly is cheaper than rent!
“Five year old, beautiful townhome in the heart of Wicker Park” … Is it me? Pictures look like a condo. All rooms are on the “2nd Floor”? Where do you get off calling this a condo in the descrpt summary if this is indeed just a regular condo?
“Five year old, beautiful townhome in the heart of Wicker Park” … Is it me? Pictures look like a condo. All rooms are on the “2nd Floor”? Where do you get off calling this a townhouse in the descrpt summary if this is indeed just a regular condo?
“Five year old, beautiful townhome in the heart of Wicker Park” … Is it me? Exterior pictures look like a condo. All rooms are on the “2nd Floor”? Where do you get off calling this a townhouse in the descrpt summary if this is indeed just a regular condo?
sorry for the multi-posting??? Someone help me to delete … again very sorry …
I’ve got $1,503 at 3% down and 4% interest; plus $500 taxes and $250 insurance. Can you rent this for cheaper $2,250 a month?
HD –
Abso-freaking-lutely.
HD: I’d compare this to a place above the hat store & shoe store on Milwaukee. Buddy of mine rented the second floor there for $1,600 a month. Not exact neighborhood but perhaps close enough for ballparking.
I don’t know. I think that with parking, given that it is a very popular neighborhood for young kids – that you could get $2250/mo for rent for this unit.
It’s in Pritzker attendance boundary which has to be a draw.
“It’s in Pritzker attendance boundary
which has to be a draw.”
Why?
Hideous.
Its tough to tell but:
1) the realtor is really bad at taking pictures as evidenced by the shot of the deck
or
2) the view is really hideous from the deck.
Tough to tell these days.
“It’s in Pritzker attendance boundary which has to be a draw.”
Pritzker’s gifted program has worked for some, but the neighborhood classes are not yet a draw to most green zoners.
“James on December 13th, 2010 at 2:15 pm
New construction
in the heart of D-Bag country.
cant think of anything finer.”
I think you are confusing this area with the one 2.5 miles due east at Rush and Division.
My friend had this place under contract in the spring, for around current ask (maybe even up to $335K). He ended up buying a duplex down a few blocks from here for about the same price, put about $10K into the place, and just sold it for $400K. He wasnt planning on flipping, but found a single family in the same area that he could afford so he boought it, and sold the duplex.
This unit is the second floor… not a townhome. Probably worth $315K, but it hasnt been occupied for a while.
I’d say rent parity on this joint is $1,800-$1,900.
“My friend had this place under contract in the spring, for around current ask (maybe even up to $335K). He ended up buying a duplex down a few blocks from here for about the same price, put about $10K into the place, and just sold it for $400K.”
Really?
He bought in the spring for $335k. Put $10k into it and viola 5 months later in the worst housing market in Chicago in the last 20 years he miraculously sold it for $50k more?
Address please.
Sabrina, it happens more than you think….. didn’t you feature some properties that were successfully flipped in the past year?
“didn’t you feature some properties that were successfully flipped in the past year?”
Yes- there are some of these and I have featured them. Usually it is a renovation of some sort (new kitchen/baths.) Usually.
I haven’t seen any condos in this neighborhood that weren’t foreclosures that needed serious work where this was done and flipped in a matter of months. And even then- many of the flips aren’t selling.
In the example that was given, the buyer wasn’t looking to flip. He bought it, put in $10k (obviously not a new kitchen or anything) and then miraculously sold a few months later for $50k more. All of this when very few condo units are selling in the neighborhood at all. So I’d like to see the address for this great sale.
I’m not saying it didn’t happen- but supplying an address is an easy way to confirm the story.
Joe: “…given that it is a very popular neighborhood for young kids”
That just blows my mind. I know that Division St. west of Ashland is full of new restaurants and condos. But I will forever associate this area with Nelson Algren, junkies, and weirdoes.
I can’t imagine that someone would seek out this neighborhood for breeding and rearing purposes. Bizarre.
Sold for $305K.
http://www.redfin.com/IL/Chicago/1744-W-Division-St-60622/unit-1/home/26812537
^^ in case you didn’t believe me…
“^^ in case you didn’t believe me…”
I’ve seen three or four recently closed places on Redfin that reflect one “MLS closing price” and a different, lower “Recorded closing price”.
Any baseless speculation from anyone?
1. Price is just a number?
2. The mls has a concessions field that might result in a lower recorded price than mls price if not used correctly.