Forget a SFH, Buy a Townhouse Instead: 1920 N. Maud in Lincoln Park
This 2-bedroom townhouse at 1920 N. Maud in the Clybourn Corridor in Lincoln Park has been on the market since October 2009.
In that time, it has been reduced $75,200.
The townhouse was built in 1987 and has four levels with the master suite on its own floor.
The kitchen has white cabinets, granite counter tops and a mix of stainless and black appliances.
The townhouse also has a private rooftop deck.
For those looking to buy in certain neighborhoods but are priced out of single family homes, does it make more sense to simply buy a townhouse?
Joanne Nemerovski at Prudential Rubloff has the listing. See more pictures here.
Unit #F: 2 bedrooms, 3 baths, 1900 square feeet, 1 car attached garage
- Sold in April 1990 for $245,500
- Sold in January 2004 for $445,000
- Originally listed in October 2009 for $575,000
- Reduced several times
- Currently listed for $499,800
- OR you can rent it for $3200 a month
- Assessments of $329 a month (includes cable)
- Taxes of $6942
- Central Air
- Bedroom #1: 23×16 (third floor)
- Bedroom #2: 16×14 (fourth floor)
October 2009? Hahahahah
Wow – things have gotten REALLY cheap!!! I way overpaid for my in-town!!! I would rather live here and pay 10-15 bucks for a cab to go out in the gold coast
I have a friend that lives in one of these units. They are really nice size wise. Huge living area with enough room for sectional couch, large dining table, etc. The kitchen is in the back for those of you who don’t like the one massive room feel. My friends were able to put in an island/counter in their kitchen so you could pull a few stools up. They also have a very small yard, but a yard no less…great for little kids or pets. Not sure if this one has it. From what I recall the closets are very large as well. Biggest downside I see if that the master, although it has doors, does not really have walls….it is open to the hallway.
The street itself is amazing. Huge mature trees, great looking housing. I love the street itself! And I believe there is a park real close as well.
Beautiful deck. And they can kayak to the Loop.
Walk to Shoes Pub, the best dive bar in the area.
I really like this neighborhood. I think they call it the Ranch triangle, at least, that’s what I’ve seen on some of the signs. I used to live on Clybourn and this neighborhood was directly behind my place. Would walk through on the way to the Armitage Brown line. Very cool.
TV OVER THE FIREPLACE ALERT!!! (ok it looks like a tv but its so small it might be a ipad2 over it, maybe a baby monitor?)
so i cant grasp the layout, so the third floor is about 450sqft and the forth floor is about 330sf?
1950 SF over 4 levels… hmmm… well I guess I could give up my gym membership since i’d be climbing so many stairs.
The place does look interesting. Kitchen is a little small for my liking, but the finishes are nice.
This is definitely something I would have to see in person to get a good feel for.
Its true its a lot of stairs, i’m trying to imagine all day just up and down stairs… it would be interesting.
Best street in Lincoln Park for Halloween. Everyone on Maud goes all out. My daughter goes to Adam’s Playlot twice a day when the weather is anything but horrible. It is a great kids park.
Other than the crack house next to me, I love the neighborhood.
We went to the open house at this place a few weeks back. The floor plan of this place does not seem well thought out. The bedrooms are large, but not at all enclosed. The deck is off the 2nd bedroom up three flights of stairs, making it nearly unusuable. The finishes are decent, but there are much better places out there for the price. For almost 2000 SQFT this place feels small.
“October 2009? Hahahahah”
Indeed. But, still, nearly $500K for a 2BR that is partially broken up with stairs? Do the 3 bathrooms, 2-months-per-year deck, the hood, and reasonably OK finishes nudge it up the price ladder?
who only uses their deck 2 months of the year? I’d use it at least 8-9 months
“Do the 3 bathrooms, 2-months-per-year deck, the hood, and reasonably OK finishes nudge it up the price ladder?”
Absolutely – if you don’t like the price point – look elsewhere. You can get a lot more for your money in Uptown, Edgewater, Wicker park, Bucktown, South Loop.
Don’t try to make Lincoln Park, Gold Coast, Old town fit your price – there are enough people out there who will buy this place at or near asking. Wait and watch….
“Other than the crack house next to me, I love the neighborhood.”
Yeah – sounds like a wonderful area to raise a little girl. You should win father of the year.
Our friend has the mirror image of this place, minus the french door-enclosed stairwell off the master (no stairwell enclosure at all), so yeah, both bedrooms are not only NOT enclosed, but you have to walk thru their master to get to the second bedroom, which your would then have to walk thru to get to the deck. It’s a great space (and KILLER location) for a couple who doesn’t plan on having kids, but I think the open room layout would be tough with a child.
Two doors down in the same complex (bigger – but also more expensive – and also under contract):
http://www.redfin.com/IL/Chicago/1924-N-Maud-Ave-60614/unit-E/home/21975724
$3200 to rent?! The last 2 places we have rented have been on the market and priced similar to this, one at $475k and the other at $515k, respectively I paid $2100 and $2150/mnth.
“Don’t try to make Lincoln Park, Gold Coast, Old town fit your price – there are enough people out there who will buy this place at or near asking.”
Hmm, wasn’t doing that. Over the past couple years, we came close to buying two townhouses further east in LP. Both were 3-BR. One had 2Ba and a gorgeous ginormous outdoor space. The other was 2.5Ba, had a semi-finished basement and a bit of decent outdoor space as well. Finishes on both were decent, comparable to that shown here. One sold for $440K. The other for $550K. Call me crazy, but I wonder why 2 BRs, even with the amenities mentioned, demand $500K.
“Call me crazy, but I wonder why 2 BRs, even with the amenities mentioned, demand $500K.”
OK, Crazy, let me explain something to you – pricing is based on demand and there are enough people in the chicago area who have enough money to keep prices in lincoln park, old town, and the gold coast quite high. Seriously, why is a 5000 sq foot house in St. Charles 1 million dollars cheaper than the exact same house in Oak Brook? Again, it is not the house or amenities that warrant the price, but it is the demand – and demand, in real estate is all about location.
“Yeah – sounds like a wonderful area to raise a little girl. You should win father of the year.”
dude you have a become character, of yourself with-in yourself, to the point what you type now isnt even witty, informative or at all palatable.
the fact you able to daily wake up take a shower and look in the mirror and find a way to justify the echo you see.
shortwithhighceilings, i think alot of folks just prefer a townhome to a SFH. Those amenities even sweeten the deal since it less for them to think about. As a result they can command those over 500k prices, but if you go a little further north you will definitely see a steady reduction in prices.
I like the natural wood deck. Staining decks is stupid because it inevitably peels, so keep it natural clearcoat.
have you ever given pause to consider that both supply and demand are manipulated in ways not seen in generations? tighter (aka normal) lending, coupled with supply issues in teh shadow inventory…makes for a dismal market.
“#clio on March 22nd, 2011 at 12:03 pm
“Call me crazy, but I wonder why 2 BRs, even with the amenities mentioned, demand $500K.”
OK, Crazy, let me explain something to you – pricing is based on demand and there are enough people in the chicago area who have enough money to keep prices in lincoln park, old town, and the gold coast quite high. Seriously, why is a 5000 sq foot house in St. Charles 1 million dollars cheaper than the exact same house in Oak Brook? Again, it is not the house or amenities that warrant the price, but it is the demand – and demand, in real estate is all about location.”
“…pricing is based on demand and there are enough people in the chicago area who have enough money to keep prices in lincoln park, old town, and the gold coast quite high.”
True there are enough people with enough money, but those people also tend to be too smart to pay the overinflated prices. There are now numerous properties in LP in the $550-850k range that have been for sale over 2 years and are still at least $100k overpriced. They keep chasing the market down, reducing to what they could have sold for the year prior, but not today.
Prices only stay high because the owners have enough money to stick it out longer than in other neighborhoods. LP seems to have a lot of accidental wealth (e.g., traders, trust-fund babies), who have money but no common sense.
I like this joint… a lot. I would pay $450K, but I bet it goes for more.
“Prices only stay high because the owners have enough money to stick it out longer than in other neighborhoods. LP seems to have a lot of accidental wealth (e.g., traders, trust-fund babies), who have money but no common sense.”
EJ, would rather live next to people who can afford their homes (even if they paid more than “market” for them) or in a neighborhood with people that don’t have the means to pay for their homes? LP is a relatively homogeneous population of decently well to do folks, and I think that does command a market premium.
“who have money but no common sense.”
It would be interesting to see which zip codes in the city have the highest concentration of advanced degrees (PhD, MD, JD, MBA). My guess is that 60614 would be, oddly enough (given all the idiots who pay a premium to live there), fairly high up on such a list.
It’s sort of like all the morons who pay so much to live in the north shore burbs, or in Manhattan, or in Boulder, or in the SF bay area (or any of the most expensive places to live in a given area, which for some reason are typically over-run by highly educated dopes). Stupid over-educated well-to-do knuckleheads. When will these mindless fools realize the errors of their real estate ways?
Here’s a look at the upper half of the 1800 block of Maud and a reminiscence of the days when I offered new construction single-family homes for sale there in the $130s to $150s – just 4 years before the townhomes were built in the 1900 block. I’d bought two 25 x 100 lots for $10K apiece from a tax scavenger who’d acquired them for $300 apiece, and optioned a dozen more lots from another tax scavenger.
http://www.youtube.com/watch?v=ln80lMBMi-o
Brokers sneered at the location in those days because most of the residents were African-American. Buyers were equally short-sighted, and I was unable to sell the homes.
Good grade/high-school district? Easy walk to the Armitage L? Funny that we’ve gotten so deep into the thread with nobody else mentioning yet.
ChiTownGal, what is the elem school?
“ChiTownGal, what is the elem school?”
Oscar Mayer, right?
What is going on with that steel plant over there? Could that be a long term concern with living in the area?
People have been living around that steel plant for 100 years. I would think any problems with living there would have surfaced by now.
As it is, Finkl’s moving to the south side. Don’t expect any housing on the site.