Get a 3-Bedroom SFH With Parking for Under $525,000 Just a Block From Whole Foods: 3350 N. Marshfield
This 3-bedroom single family home at 3350 N. Marshfield in Lakeview just came on the market.
It is in a prime area of Lakeview just a block from the Whole Foods and near the Paulina El stop.
It actually was previously for sale in 2010 but didn’t sell and then it appears it was rented out.
Built in 1888, it is on a smaller than normal Chicago lot of 40×50.
We’ve discussed the irregular lots on this street before when the house directly to the north of this one was on the market.
That house, at 3352 N. Marshfield, was on the market in 2011 and was considered “one of the cheapest” single family homes for sale in Lakeview at $449,900.
See our discussion of that house here.
The listing for this house labels it the “perfect townhouse alternative.”
Two of the three bedrooms are on the second floor with the third in the finished basement along with a family room.
The kitchen has been updated with cherry cabinets, granite counter tops and stainless steel appliances.
It has central air and the listing says there is an “on-site outdoor parking space” (but where?).
In August 2010 it was listed at $539,900.
This time around it has come on the market at $524,900.
Are those sellers who waited it out the last few years by renting their properties looking like geniuses now?
Tod Pratt at Koenig & Strey has the listing. See the pictures here.
3350 N. Marshfield: 3 bedrooms, 2 baths, no square footage listed
- Sold in April 1991 for $117,000
- Sold in September 1997 for $220,000
- Sold in October 1999 for $270,000
- Sold in November 2002 for $315,500
- Was listed in August 2010 for $539,900
- Withdrawn
- Currently listed for $524,900
- Taxes of $6335
- Central Air
- On-site outdoor parking
- Bedroom #1: 16×14 (second floor)
- Bedroom #2: 18×12 (second floor)
- Bedroom #3: 8×8 (lower level)
- Family room: 18×18 (lower level)
Teardown/ ? lot value 400K
By the way- I know the March IAR numbers are out today but I am busy this morning so I’ll put a post up on it tomorrow morning instead. We already know what the month has done from Gary anyway. But we’ll discuss it further.
“Teardown/ ? lot value 400K”
Someone’s going to do a teardown on that size lot?
Seems like a good deal to me. That ugly porch on the neighbor’s house is an awful eyesore though.
“Someone’s going to do a teardown on that size lot?”
Sure, but not at $400k lot value; more like $250k (which would be a ‘deal’ price).
“”on-site outdoor parking space” (but where?)”
Only thing that makes sense, based on aerial, is that it’s underneath the deck.
It seems like a nice house but the tiny lot would kill it for me. I assume if the parking is under the deck at least your car is covered in the winter so you won’t be brushing off snow. While it isn’t a garage, if I were the seller/realtor I’d be advertising covered parking if it is. Definitely a bonus over out fully in the elements!
That third bedroom is 8×8 which I think is pushing the legal minimum to be called a bedroom. Legality aside, that’s just a closet (and very easy to visualize at the moment from my 8×8 cubicle).
They call this a townhouse alternative, but I’m wondering what a 2 BR/2BA townhouse on this street would theoretically cost (I’m not counting the tiny 3rd “bedroom.”) Certainly not $525,000?
So, essentially this is a 2 bedroom plus family room house as I don’t like counting basement bedrooms, especially ones as small as 8’x8′. I’d say it is more of a condo alternative than townhome alternative at that size. At least with a condo you aren’t personally responsible for all of the upkeep….
Dan, don’t you know you alternatives are worth more? Otherwise why not buy the real thing? 🙂
just to be a contrarian, I would rather have a SF than an equal sized townhouse, assuming the same quality of construction, finishes, etc., and would pay a somewhat higher price. You typically get more land w/ a SF (though in this case, it might be close); you also get more freedom to do what you want, and to Benjamon’s point, while upkeep may be handled by someone else when you have condo or some townhomes, you still are paying for it, and have less say about when to do a roof, windows, or other big repairs.
All that said, don’t like backing up to restaurants/commercial, or looking out at parking lot (though I could like with the latter).
” I would rather have a SF than an equal sized townhouse”
I don’t think that’s contrarian at all.
backs up to storefronts on Lincoln. Rats in the alley. Home looks at front of YMCA. Block does not have curb appeal.