Get A 2-Bedroom Townhouse in Southport For Under $335,000: 1157 W. Newport in Lakeview
Far west Lakeview and Lincoln Park aren’t the only locations where you can get a 2-bedroom townhouse for under $335,000.
This 2-bedroom townhouse at 1157 W. Newport in Southport has been on the market since April 2011.
According to the Redfin agent comments, it used to be a 3 bedroom but the two second floor bedrooms were opened up into one large master bedroom.
That means the bedrooms are now split, with the master on the second floor and the second bedroom on the lower level.
The listing says it is an end unit and has a rooftop deck.
The kitchen has maple cabinets, granite counter tops and white appliances.
The townhouse has a 1-car garage but it’s apparently not attached as some of the others in the complex are.
Yes, the Brown Line El tracks run directly behind this complex.
In the last 15 months, the townhouse has been reduced $64,100.
It is now listed under the 2002 purchase price.
Is this finally a deal?
Robyn Brooks at Prudential Rubloff has the listing. See the pictures here.
Unit #L: 2 bedrooms, 2 baths, no square footage listed, 1 car garage
- Sold in February 1997 for $228,500
- Sold in April 2000 for $295,000
- Sold in May 2002 for $367,500
- Sold in April 2005 for $370,000
- Originally listed in April 2011 for $399,000
- Reduced several times
- Currently listed at $334,900
- Assessments of $171 a month
- Taxes of $4825
- Central Air
- Bedroom #1: 24×14 (second floor)
- Bedroom #2: 14×13 (lower level)
a deal at the 2002 price? no
I do not understand the fascination with townhomes and why crib chatterers prefer them to condos. This is dull and, while you may not have an upstairs neighbor, you hear sound from the street and your next door neighbor. Plus, as in this case, you have to climb lots of stairs with a baby. I don’t see the appeal and would prefer a condo with this sq foot all on one level. I see no benefit of a townhouse to a condo and nothing that suggest …wow, you can get a TOWNHOUSE for $$$. Its still communal living.
While I don’t like this particular town home, I would MUCH rather live in a townhouse than a condo. I hate the shared condo hallways and making small talk with doormen/neighbors. I also like having at least two levels of living space and a private garage.
“a deal at the 2002 price?”
It’s almost 10% under teh ’02 price.
” in this case, you have to climb lots of stairs with a baby”
Ain’t anyone buying this place with a baby in mind. Have to put up a wall to make it reasonable for an infant/toddler.
“I would MUCH rather live in a townhouse than a condo.”
Agree, especially if it is Fee Simple.
When the best thing about a property is its rooftop deck, you know it has problems.
As someone else said, this unit is just plain dull. The interior reminds me of townhomes I’ve been in out in Northbrook.
I see plusses and minuses to both sides of the condo vs. townhouse discussion though townhouses seems to have more positives… what townhouses have in their favor are (usually) attached garages, no neighbors above, more space/rooms such as family room or loft space, rooftops (often). Condos offer one or two floor living instead of 3 or 4, but it may mean multi-flight climb just to get into the unit. Condos can also have more noise from neighbors above, or within a unit in a way that affects livability. My brother had a duplex down 3/2.5 unit, but they can hear the neighbors above and their 2nd and 3rd bedrooms are below the main floor living areas so that noise could be an issue once they have kids in those downstairs bedrooms. Additionally, townhouses have lower assessments w/ a larger association, where as condos seem to be either 3-8 flats w/ low assessments or large buildings with high assessments.
My wife and I will soon be looking for a 3BR/2BA unit and we’re keeping an open mind in terms of townhouse vs. condo, but a townhouse seems to make more sense in general…
This townhome, even worse than others of its kind, is view-deficient in the extreme.
What’s with the glass block windows in living areas? I somewhat understand them in a bathroom, but I personally would prefer a regular windows with shades I could close if I wanted privacy or could open for a breeze.
“BONUS!! Cubs Tickets, Remainder of Seasons Tickets (4 seats)!!! at Closing.”
Sign me up!!! I’d totally spend $335K to see a AA team play the remainder of the season, and spend $8 on beers as well.
Surprised that nobody mentioned the proximity to the train. It must be LOUD.
I’m not surprised a builder likes fee simple town homes. No need to organize an association, no need to set aside reserves while waiting for them to sell.
A bunch of dwelling units that share walls and roofs and sidewalks but no legal way to enforce common maintenance. What could go wrong? Yeah yeah, technically there are no common elements. My neighbor and I have joint legal responsibility for that wall we both need. Except I want it fixed before it rains and he would rather wait until the city issues a bunch of code violations. I want to hire a professional and he wants to do it himself.
My boss lives in one of these developments and he deals with this stuff all the time. Just wait until your cheapskate neighbor figures out that if he has makes himself scarce for a month or so you will just pay for everything just to have it done.
Good lord. I almost forgot the best part. Since the developer wants to squeeze as many units as possible onto the lot you end up with easements on one units property for some part of another units residence.
“A bunch of dwelling units that share walls and roofs and sidewalks but no legal way to enforce common maintenance”
Not necessarily true. Probably not as easy as the condo association lien, but there is no reason you can’t have a Home Owner’s Association without having condo ownership.
How often does the Brown Line train go by? So often you won’t even notice!