Get a Bank Owned 2/2 on Lincoln Park for $575,000: 2626 N. Lakeview in Lincoln Park
This 2-bedroom in 2626 N. Lakeview in Lincoln Park came on the market in March 2024.
2626 N. Lakeview was built in 1968 and has 492 units and and attached rental garage.
It’s a full amenity building along Lincoln Park with a doorman, pool, exercise room, party room, bike room and sun deck. The listing also says it’s a non-smoking building.
This unit is on the 27th floor and has north, east and west exposures.
The listing says the unit is renovated, but it is also bank owned. Surprisingly, just looking at the pictures, the appliances appear to still be in the unit.
There are oak hardwood floors throughout.
The kitchen has a walk-in pantry, stainless steel appliances and “new” dark, modern cabinets.
There is a combination living and dining room.
The listing says each bedroom is en suite.
The primary bathroom has been “remodeled” and has a double vanity and an oversized glass enclosed shower.
In addition to the two bedrooms there is also a den.
This unit has a washer/dryer in the unit, central air and parking is available for lease.
2626 N. Lakeview is on Lincoln Park, near the North Pond restaurant and the shops and restaurants of East Lincoln Park. There are several bus lines nearby.
This unit last sold in June 2016 for $587,500 but has come back on the market owned by the bank at $575,000.
Is this a deal?
Thomas Cardoni at Cardoni Real Estate has the listing. See the pictures here (sorry, no floor plan).
Unit #2712-10: 2 bedrooms, 2 baths, 1764 square feet
- Sold in June 2007 for $617,500
- Sold in June 2016 for $587,500
- Lis pendens foreclosure filed in February 2022
- Bank owned in January 2024
- Currently listed at $575,000
- Assessments of $1431 a month (includes heat, a/c, doorman, cable, exterior maintenance, lawn care, scavenger, snow removal,)
- Building also has pool, exercise room, party room, cleaners, coin laundry, bike room (not sure if included in HOAs)
- Taxes of $9096
- Central Air
- Washer/dryer in the unit
- Rental parking in the building available
- Bedroom #1: 22×12
- Bedroom #2: 17×12
- Living/dining combo: 16×29
- Kitchen: 8×14
- Library: 12×12
The realator put in Sabrina like effort in the listing
$115k DP and $5300/mo w/ no parking is a hard pass
HW floors really need a sanding
Wow that is stunning photography. Just seal this unit off and take the loss. BJ couldn’t even buy this one to give away to the migrants. They’ll pack their bags and head back to Venezuela.
“Sold in June 2007 for $617,500
Sold in June 2016 for $587,500”
so…June 2025 for $557,500?
2712 was purchased in Oct-76 for $58k
2710 was purchased in Mar-78 for $32.5k
Not even $360k cash, IDGAF?
Hope the dog is OK. Half expected the dog to photobomb.
“Near the North Pond Restaurant”
As if anyone buying this place is going to frequent that expensive restaurant.
“As if anyone buying this place is going to frequent that expensive restaurant.”
Whut? Someone buying a nearly $600,000 apartment isn’t going to expensive restaurants?
It’s a lovely place. Just so serene and relaxing. I recommend the brunch for those who want to spend a little less.
“Someone buying a nearly $600,000 apartment isn’t going to expensive restaurants?”
North Pod is $150+ per person for dinner.
No, somebody buying a $600k apartment likely isn’t eating at places like that on any kind of regular basis.
“No, somebody buying a $600k apartment likely isn’t eating at places like that on any kind of regular basis.”
Few are going there on a “regular basis” but yet the restaurant has been in business for a decade or more, right? It survived the pandemic and not everyone who lives on the Park lives in million dollar units.
Plenty of DINKS living in a $600,000 apartment who ARE eating at the North Pond. Again, don’t have to go there for dinner every week. Lovely brunch that is much less. It’s an occasion restaurant anyway, which you would know if you ever went there.
But I DO recommend the brunch. Just a lovely place.
Please don’t post things about the owners of properties featured on this site. You wouldn’t want that done to you.
“Wow that is stunning photography. Just seal this unit off and take the loss.”
Are you really this stupid AnonIDGAF or is it that you weren’t around from 2008-2012?
The pictures clearly indicate it is bank owned. This is how they roll. Just stop with the comments about the photography. It’s always like this. But I do wish they’d give some of the second bathroom as well. At least there are some decent pictures of the kitchen. And they showed that it does still have the washer/dryer.
Usually can get deals on bank owned units but they turned this one around quickly. Can see why given the hotness of the market.
There’s no “loss” to take, except by the bank, which now owns it. And, again, with the market inventory this low, it’s the perfect time to list it.
“The realator put in Sabrina like effort in the listing”
Yep- it’s been a LONG time since I’ve covered a bank owned property. Hard to believe that many of you don’t remember how they list them. Banks usually have a deal with a certain brokerage. The pictures always look like this. There is NO effort.
You’re not going to get sanded floors. But will you get a deal? The bank also knows that it’s a tight market and things are selling fast.
We’ll see.
“Sold in June 2007 for $617,500
Sold in June 2016 for $587,500”
“so…June 2025 for $557,500?”
Bought during the bubble. It’s always been tough. Even 20 years on and some aren’t in the green.
Wow. Just wow. Comments section particularly toxic these days. 600K and not allowed to have nice things? Just buy Kraft Dinner at WalMart and stay home? Well eat sh*t, not everyone is house poor. Some have bigger investment portfolios than their real estate holdings.
Bank owned – is an opportunity to make a nice place ON the park in a world class city. Crappy photos or not. No, I don’t want it, but if I were at the right life stage I sure would have a go.