Get a 2-Bedroom Wicker Park Townhouse For Under $280K: 1807 W. Ellen
This 2-bedroom townhouse at 1807 W. Ellen in Wicker Park has been on the market since March 2011.
It is a Fannie Mae Homepath property.
Since it was first listed, it has been reduced $117,430 to $279,500.
Built in 1990, the townhouse has hardwood floors on the main level, along with the living room and kitchen.
The 2 bedrooms are on the second level and have carpeting.
There is also a 12×20 family room in the basement.
It has central air and a 1-car garage.
From the pictures it appears that the kitchen, which has granite counter tops and black appliances, and the bathrooms are intact.
Is this a deal?
Sokrates Paschalis at Redline Realty has the listing. See the pictures here.
1807 W. Ellen: 2 bedrooms, 3.5 baths, no square footage listed, 1-car garage
- Bought before 2001 (no price given)
- Lis pendens foreclosure filed in June 2009
- Bank owned in July 2010
- Originally listed in March 2011 for $396,930
- Reduced
- Currently listed for $279,500
- No assessments listed
- Taxes of $8115
- Central Air
- Bedroom #1: 11×16 (second floor)
- Bedroom #2: 10×11 (second floor)
- Living room: 12×20 (main floor)
- Kitchen: 8×10 (main floor)
- Family room: 12×20 (basement)
This seems like a good price. The property taxes seem high.
What an ugly place, both the exterior and the interior. Also 3.5 bath for a 2/2? What a waste of space which seems to be pretty tight here!
Needs to be re-assessed so those taxes can go down. I have a 5-BR single family on the North Shore and I pay less in taxes than that.
Seems very suburban, needs updating but I like it for the price!
Good price for the space. Can be updated in time. I don’t get the taxes either? Should be able to be re-assessed accordingly.
“Needs to be re-assessed so those taxes can go down. I have a 5-BR single family on the North Shore and I pay less in taxes than that.”
what suburb???
OMG hideous. Gross. Dingy.
And I like how this has been an REO since July 2010 but didn’t hit the market until March 2011; and here were are, seven months after the initial listing, and the bank STILL can’t price this REO correctly. What a joke. Our good Lord only knows how many more REO’s like this are on the books and yet to be sold….and you know they want to sell this property first before releasing the next one on the market, they trickle them out as if they’re somehow preserving the value….hahahaha!
What a gloomy and dark overcast morning. A perfect harbinger of the real estate market to come this winter.
It seems like a nice place for a young family. I can’t get a good sense though of the space from the pictures though. The decor is atrocious, but the location is nice. Plus, I would pay a premium for a private entrance.
I always thought this was section 8 housing. I guess I was wrong – it’s next door… Although if you do street view, there’s section 8 housing right next door (and you can see Fat Albert).
@Jon — I walk by it all the time as well and also thought it was part of the Section 8 next door. That said, it still seems like a decent price for the ‘hood and the space, as long as you can get those taxes down.
the 3.5 baths is wierd in a place just dying for space, who knows what this sells for but my guess is closer to 225k than the current list price
I’m in HP. Our taxes may actually be a bit above that, but not too much. Either way, we get a lot more for them than you would at this townhouse (we have a 160-foot deep lot, which I’m sure the townhouse doesn’t have).
“It seems like a nice place for a young family.’
No outside space. What’s the point of having a townhouse? No better than a dark and dingy condo conversion. 3.5 bathrooms….I guess you can have a huge family and never worry about holding it!
Dodd Frank needs to be repealed a.d these insolvent banks need to be broken up and/or liquidated.
I read a great article recently on how BofA spent 188B on acquisitions over the last 15 years and their mkt cap is now 60B. LMAO
@ Jon –
Fat Albert cracked me up!
HD: “What a gloomy and dark overcast morning. A perfect harbinger of the real estate market to come this winter.”
There is definitely an unmistakeable sense of shit flowing down the river. These recent cribchatter listings are as depressing as the weather. Onward to see the next overpriced dump in a craphole neighborhood.
I’m headed out to New Orleans on the Amtrak “City of New Orleans” tonight. Going to catch a music festival.
I was going to call bluff on the 3.5 baths, but all 4 toilets are dutifully pictured.
I live nearby and this unit piqued my interest when I saw people moving out and then “no trespassing,” “water has been turned off,” “for sale” etc. signs going up the past couple of years. I got in to see it in the spring or summer. First, for some reason I was under the impression that the yard next to the adjacent unit was a shared yard, but it’s not, so this unit has no outdoor space. Inside, it is dated like the 90s. The kitchen does not feel open. The BRs and basement are carpeted. The basement “family room” has limited sun because it is below grade. The Master BR overlooks the Section 8 housing next door. I don’t feel that it’s worth $279K.
Interestingly, the adjacent unit sold just about a year ago for $416K (it has the yard, looks to have a more open kitchen, BRs have hardwood): http://www.redfin.com/IL/Chicago/1270-N-Wood-St-60622/home/14106944
ON the one hand the banks price properties like the one here on west Ellen too high so it languishes; and on the other hand, they price properties like this too low:
http://www.redfin.com/IL/Park-Ridge/1621-S-Cumberland-Ave-60068/home/13561406
AND WTF IS WITH THOSE PICTURES? SERIOUSLY? wtf??
HD: That house is on Cumberland. That is an extremely busy street just a stone throw from the Kennedy on ramp. How many cars will be driving by this house every single day going to the expressway? What makes you think this house is priced too low?
It is also only 1500 square feet (according to the listing.) And we don’t know anything else about it (the condition of the house etc.)
HD, was it you who posted this estate sale house some time ago on an oversized lot in Irving Park? It just sold for 130K. I’d call this a deal no matter what condition this home is in.
http://www.redfin.com/IL/Chicago/3904-N-Bernard-St-60618/home/13455850
Sabrina, I think that’s a deal but who knows these days.
Milkster, yeah, I posted it because it was over a million dollars! Butb there was an immediate price reduction the same day. So somebody snapped it up at a few % off list.