Get a 3-Bedroom Townhouse in Lakeview for Under $450,000: 3900 N. Fremont
This 3-bedroom townhouse at 3900 N. Fremont in Lakeview came on the market in June 2017.
This complex was built in 1994 and has 21 units and garage parking.
This townhouse is 3 stories but just 1508 square feet.
The listing says it has gotten a new roof, carpeting and paint in 2017.
It also says there were new windows and doors installed in 2014.
The kitchen has maple cabinets, granite counter tops and stainless steel appliances.
Two of the bedrooms are on the second floor and the third, along with a den, are on the third floor.
There’s a 15×11 front terrace as well as an ADT security system.
It’s just a block from the Sheridan Red Line stop and 3 blocks north of Wrigley Field.
Three bedroom townhouses at this price in Lakeview are rare.
Why isn’t this selling?
Christine Welch at Baird & Warner has the listing. See the pictures here.
Unit #I: 3 bedrooms, 2 baths, 1508 square feet
- Sold in April 1994 for $205,500
- Sold in July 1997 for $257,000
- Sold in September 2000 for $330,000
- Sold in March 2007 for $435,000
- Originally listed in June 2017 for $450,000
- Reduced
- Currently listed at $445,000 (includes parking)
- Assessments of $150 a month (includes exterior maintenance, lawn care, scavenger and snow removal)
- Taxes of $7885
- Central Air
- Bedroom #1: 15×11 (third floor)
- Bedroom #2: 12×11 (second floor)
- Bedroom #3: 12×9 (second floor)
- Den: 15×8 (third floor)
- Deck: 15×11
Dreariness and stairs, that’s about all I see on offer here. It could use some freshening and a floor plan.
Under 450K, seems perfect for a starter home for a young couple. Sure it needs some freshening up but thats the fun of a starter home. Surprised it hasn’t moved in a tight inventory market.
probably because it smells like doritos and mountain dew
I’m surprised it hasn’t moved either. I would not want to live so far north, but this is a really trendy area and I’m not sure why no one snapped it up. Might there be something wrong with it?
seems cheap and a property that is ripe for someone to build some sweat equity in.
I hate to say but at the $450k price range for a sad townhome like this, many buyers may, all things considered, choose instead to spend their lenders’ $450k on a split level in Mt. Prospect instead…
FWIW I saw this CCB reader comment re proposed redevelopment of Holy Name’s parking lot (thx Mike R.):
“… the rate of increase of 6+ figure earning households in Chicago is big. Between 2015 and 2016, the change in households for the entire city was only 700 some. HOWEVER, the increase of 6+ figure earning households in the city alone on that same period went up by almost 18,000 which was still third most of any US city even with overall decrease of population in said time period. In fact, since 2010, the number of these 6+ figure earning households in the city has increased by over 85,000. This is more than all but LA and NYC, even though the population is barely going up as a whole. Percentage wise it’s actually greater than LA, but anyway… It still increased more than San Francisco and over double that of DC even though all of these cities grew a minimum of 7x that overall population wise as Chicago. It increased 25k households more than Houston even though Houston’s overall growth was 200k people more than Chicago’s.
There is an absolute shift going on right now in Chicago and tons of people are somehow completely oblivious to it somehow.
Source: United States Census 2016 1 Year American Community Survey
If you know what’s actually occurring in Chicago in regards to economics, job market, etc then what you say should not be of any concern right now. “
the $100k household figure doesn’t necessarily mean ‘rich’ people. it can also mean 2 college grads as roommates each earning $50k working for a consulting or law firm. saw an article today in forbes saying that $50k for a 26 year old millennial puts them at the 25% HENRY spectrum. i was making $50k at 26 and that was a decade ago. two of those as a couple shacking up is easily a $100k household. interesting to think.
“2 college grads as roommates”
It sure shouldn’t mean that. Roommates don’t count as Households.
6 figures is nothing for a couple. It seems like a couple earning less than $100,000 would be the minority by far. I wish the government would start keeping closer track of individual incomes as oppose to household incomes.
These per capita numbers are shocking: https://data.cityofchicago.org/Health-Human-Services/Per-Capita-Income/r6ad-wvtk/data
I still feel lower middle class even though I make more than the average person in the most expensive neighborhood.
well jenny thats because you’re an “obama millionaire”
any couple making 200k or more is like a millionaire 1%er and should be taxed to DEATH
thats not your money… the government is being generous letting you keep some
I think breaking your ankle when you walk in puts a damper on sales.
You have to walk thru the living room to get to the eating area
No 1/2 Bath on main floor
Terrible design
Two factors will affect its desirability:
(a) School district – supposed to be pretty good for both public and private schools.
(b) Cub Cachet Factor – their luck tonight/this month may affect the property value one way or another. Because that’s the way it is in Wrigleyville.
@ Sonies, I always love how when politicians are debating tax policy, etc they will always talk about the Buffets, Gates, and all these other gazillionaires as examples to support their points, but then when you actually read the specifics of the tax policy, you find out they want to lump in people making $200k or so.
Like people making $250k have anything remotely in common with billionaires.
This approach works because the sheeple get an image of a billionaire but the reality is that it affects the upper class more than anyone. Worse, people in middle America aren’t going to feel sorry for someone making $250k even though that person may have way more in common with middle America than they do a billionaire.
“This approach works because the sheeple get an image of a billionaire but the reality is that it affects the upper class more than anyone. Worse, people in middle America aren’t going to feel sorry for someone making $250k even though that person may have way more in common with middle America than they do a billionaire.”
exactly man, the billionaires don’t even pay taxes at the rates most folks making 200k+ do, they are almost all all at long term capital gains rates or some other sort of tax deferred vehicle!
Like Warren Buffet saying he pays a lower marginal rate than his secretary does (who makes like 200k) well no shit! Some of us don’t have the means to change the tax code to favor us…
“(a) School district – supposed to be pretty good for both public and private schools.”
What do you think that the attendance area elementary school is? I think you might be confusing it with a similarly named school in the burbs.
Yes, it is well located for Anshe, and not too far from City Day and St Mary of the Lake, but (i) that’s not a ‘district’, and (2) only Anshe is really close enough for younger kids to walk to.
” It seems like a couple earning less than $100,000 would be the minority by far. ”
You need to get out more!
Place looks horrible. They might want to start by hiring a professional photographer so at least make people want to view the place.
This place will move. southbound’s post above is dead on. I live in D.C. now (3rd generation Chicagoan) and people out here are moving out in droves to other cities because the cost of living here is crazy high (housing is super tight which drives everything higher) and gets worse by the year along with the traffic. There are a lot of professional jobs (including govie) that people can telework from anywhere and they are coming here with job offer in hand, spending their time here getting situated, and then taking their D.C. salaries elsewhere when they can. I’m sure this is happening elsewhere in NYC and other cities as well. Chicago has a much lower cost of living compared to the coastal cities and I am not surprised that Chicago is being discovered as a great city by those who can move with their job and have the means. Why haven’t I? I wish but not currently in the cards unfortunately…