Get a 4-Bedroom SFH in Bridgeport Village for Under $500K: 1229 West 33rd Place
This 4-bedroom single family home in the Bridgeport Village development at 1229 West 33rd Place in Bridgeport has been on the market since August 2011.
In that time it has been reduced $24,900 to $495,000.
Bridgeport Village is a community within Bridgeport that was developed in 2003/2004.
It is well known for the investigation the Tribune did on the quality of the construction several years ago. You can read more about it here.
This house has newer construction finishes including cherry cabinets, granite counter tops and black appliances in the kitchen.
There is a full basement with a recreation room as well as one of the four bedrooms and a bath.
Built on a 25×108 lot, it still has a 2 car garage with a 19×19 garage rooftop deck.
The house is priced $75,000 under the 2007 price.
Is this a deal?
Pat Natale at Coldwell Banker has the listing. See more pictures here.
1229 West 33rd Place: 4 bedrooms, 3. 5 baths, 3478 square feet, 2 car garage
- Sold in November 2003 for $532,500
- Sold in August 2007 for $570,000
- Originally listed in August 2011 for $519,900
- Reduced
- Currently listed for $495,000
- Quarterly assessments of $445 (for lawn service and maintenance)
- Taxes of $7414
- Central Air
- Bedroom #1: 19×13 (second floor)
- Bedroom #2: 14×11 (second floor)
- Bedroom #3: 12×10 (second floor)
- Bedroom #4: 17×12 (lower level)
- Recreation room: 30×17 (lower level)
Why you trying to make things hard on Bob?
Also, unless one can be *certain* that the “well known” construction issues do not affect this house, it’s overpriced by at least 100%.
This area is nice and quiet and near downtown. I don’t really care for the surrounding area of Bridgeport though.
Even if the construction issues have been resolved, I think the house is still overpriced.
Would there be anyway for a inspector to find things like missing wall joists, floor joists, etc? Sounds like you need an x-ray of the house before you could even remotely be comforable.
Nice house and you wouldn’t need to tear this down to find out whether its built to code. Thing is its competing with a 5br short sale that went for 770k back in 2005 now at 500k.
I do love this house & have been following it tho.
Haha. Saw this post and my first thought was that Bob has at times flirted with the idea of moving to Bridgeport.
Sweet garage top deck.
Nice house but no bargain.
My wife and I have looked at Bridgeport Village over the years. Even if we ignore the alleged structural problems we decided we just couldn’t bring ourselves to live there. The view out the back of the homes on the south side of 33rd is of this lousy commercial area and the area is just this little bitty enclave. If they had only developed the entire area like they had originally planned. Also, the finishes are cheap throughout IMHO.
Cool, if you like living on a superfund site.
yeah maybe 300k
The issues they list sound almost impossible to imagine… 36″ center framing? missing floor joists? They must have hired kids in grade school to build these places.
NYC,
i wouldn’t worry much about whole superfund issue. after all, Chicago is not only the city of Big Shoulders but the city of Big Hearts.
Rahm will arrange for a free hospital shuttle if any illness should come your way.
“Rahm will arrange for a free hospital shuttle if any illness should come your way.”
-And to think that the argument on the previous listing was that Chicago doesn’t provide its taxpayers with good services!
“And to think that the argument on the previous listing was that Chicago doesn’t provide its taxpayers with good services!”
Andy Jackson left off the footnotes:
Offer only applies to *former* Bridgeport residents.
Offer only applies to those with terminal illnesses.
Offer only applies to spouses of former mayors.
Offer only applies to those for whom the trasportation services have “been comfortable [] in the past”.
The south fork of the Chicago river that flows through this development is called “bubbly creek” because until this day it still bubbles from decomposing animal waste dumped by the meat packing plants way back when.
Wouldn’t have believed it if I hadn’t seen it with my own eyes. I was clued into this fact back when I was looking at this development in 2003.
It runs along the west side of this development. The development never crossed west of the river as originally entailed because the developer went bust. There’s really old seemingly abandoned industrial across the river.
There’s frequently talk about cleaning up Bubbly Creek but it never seems to go anywhere. At least with TARP coming online (phase 1 in 2015, phase 2 by 2029) and the MWRD decision to disinfect sewage the river will likely get better over time.
For as bad as the yuppies desiring a pristine nature experience make it out to be it’s still far better than the Grand Cal River.
Well, maybe if 0zzie II can make the Sox a consistent winner over the next few years, property values in “Cellville” will increase and the yuppies will abandon Lakeview for this new hip nabe because of course the Cubs’ effect on housing values didn’t quite turn out as planned…
How many days till Pitchers and Catchers Report?
Worst part of Bridgeport, too far a walk to Jackie’s and Tommy’s joints.
How far to the Cell?
come on man
http://tinyurl.com/3qmmnat
LMGTFY LMAO!
But Gary is kinda right about this location. Not a lot going on and certainly far from Bridgeports main throughfare of Halsted. “Boring area” by GZ standards but at least not dangerous.
If the crib chatterati snub their nose at these houses in this location maybe I have a good shot of getting one on the cheap. Compared to a GZ hood this house (if structurally sound, heh) would cost what? 1.2?
hey milkster – ive been following the blog intermittently for a few months and you always seem to have great insight on this whole market. do you have a good RE agent recommendation for hunting foreclosed or shortselling condos on the cheap?
This may be smaller, but is 4 bed/3.5 bath as well and doesn’t have the stigma and construction issues of Bridgeport Village, is in Bridgeport, newer construction, and arguably is a better location for less. I’d rather it over this place, although neither are my taste.
http://www.redfin.com/IL/Chicago/Undisclosed-address-60608/home/18953160
“Cool, if you like living on a superfund site.”
My thoughts exactly. Nobody knows what kind of corners these developers cut. I’d demand to see the original Phase I and Phase II reports, if one could locate them.
You people stay out of Bridgeport, you’re not wanted and won’t fit in.
Especially those who call Sox Park “the Cell”.
“Especially those who call Sox Park “the Cell”.”
There are people who don’t work directly or indirectly for a company sponsered by US Cellular who say that?
Hi Haystack –
Apologies for the late reply. I just saw your message. Thank you for the note!
Yes, I have a great buyers agent – Lindsey Richardson. She just moved over to a different agency. Here is her contact information:
Lindsey Richardson
Rising Realty, LLC
1820 W. Webster #307
Chicago, IL 60614
312-890-8777 Cell
773.395.9553 Fax
lindseyr@risingrealty.com
Lindsey and her broker Chuck Ginsberg (who will also be moving over to Rising Realty soon) are short sale and foreclosure experts. I could not have bought my place without them and I am very grateful to them for their hard work and expertise.
I also have a great real estate attorney who is also a short sale and foreclosure expert:
Ian Hoffenberg
312-544-9001
ihoffenberg@gmail.com
If you’d like to e-mail me, you can reach me at:
oakstbeachgrrl@yahoo.com
Break a leg!
“You people stay out of Bridgeport, you’re not wanted and won’t fit in.”
Ok, so what are the neighborhood and residents like? I’ve never been there.
Listing expired.
“Listing expired.”
I’m seeing this a lot right now. People don’t want to be listed during the holiday season. Many of the properties will come back on in late January.
“Ok, so what are the neighborhood and residents like? I’ve never been there.”
OK, I’m going to head this one off at the pass. Bridgeport is an enclave of long-time Chicagoans, that for years was surrounded and encircled by some of the toughest ghettos in America (i.e. Robert Taylor housing project, etc.). If Bridgeport residents ventured into the surrounding neighborhoods, they would be targeted for violence merely because of the color of their skin. Bridgeport people had to put up with people who held ignorant odious xenophobic views of them, even though they tried very hard to make integration possible (ie. De La Salle high school, etc.), but their efforts at enlightening their neighbors didn’t really work . Today, fortunately for the good folks of Bridgeport, most of the housing projects are gone, as is the danger and violence.
Still not relisted. Maybe owner decided to stay.
Too bad the residents of Bridgeport still remain. That clan and their ilk have practically ran the city into the group since Hizzonor presided over this once great city. Raise the neighborhood, rebuild, and make it an extension of the south loop.
“Raise the neighborhood, rebuild, and make it an extension of the south loop.”
Raise it up (like Petey Pablo)??
“Raise the neighborhood, rebuild, and make it an extension of the south loop.”
There are a few loft buildings here that approximate some of the south loop condo buildings, but with less floors (typically 4-5 vs. 12+). They aren’t faring well valuation wise either. At all. Not sure which is doing worse, really. I am thinking possibly SL only because the inventory is that much more massive but it’s close.
(BTW here meant there I don’t live in either hood)
Ahhh hah! It’s for rent with an ask of 3k.
http://searchchicago.suntimes.com/homes/news/3215413,3000rent-051812.article