Flipper Alert: Edgewater’s Catalpa Gardens Sees First Flips
Did you think that flipping was just confined to new construction condos that were in the downtown neighborhoods?
Nope.
Catalpa Gardens is a new mid-rise development at 1122 W. Catalpa in Edgewater. It is distinctive in the neighborhood for its blue and yellow facade. It will have three towers and 126 units.
The first closings started in September and the flippers are out. Current building statistics:
- 24 units on the market (some are from the developer)
- 3 units for rent
Unit #413: 2 bedroom, 2 bath, 1070 square feet
- Sold in November 2007 for $325,997
- Currently listed for $369,000 (parking extra)
- W/D in the unit
- Kim Jones at Baird and Warner has the listing
Unit #711: 1 bedroom, 1 bath, 667 square feet
- Sold in September 2007 for $204,138
- Currently listed for $249,000 (parking included)
- W/D in the unit
- Sheldon Good Brokerage has the listing
Rents start at $1250 a month (including the parking) for the smaller one bedrooms.
Catalpa Gardens at 1122 W. Catalpa [website]