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.

catalpa-gardens-1122-w-catalpa.jpg

catalpa-gardens-_2.jpg

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

catalpa-gardens-_413-livingroom.jpg

catalpa-gardens-_413-livingroom-_2.jpg

catalpa-gardens-_413-bedroom.jpg

catalpa-gardens-_413-bathroom.jpg

catalpa-gardens-_413-kitchen.jpg

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

catalpa-gardens-_711-kitchen.jpg

catalpa-gardens-_711-livingroom.jpg

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]

Leave a Reply