Get a North Center 2-Flat for the Price of a Condo: 1943 W. Addison
This vintage 2-flat at 1943 W. Addison in North Center has been on and off the market since February 2007.
It recently returned to the market in November 2009 and has since been reduced by $29,100.
It is also now listed for $25,100 under its 2006 purchase price.
Built in 1908, the 2-units are as follows:
- 2 bedrooms/1 bath: rented for $1250 a month
- 3 bedrooms/1 bath: rented for $1500 a month
Both units have separate utilities. There is also a 2-car garage.
It appears from the pictures that some vintage features are still intact.
The 2-flat is just minutes from the Addison Brown Line stop as well as the restaurants/shops of Roscoe Village and North Center.
Is this a good condo alternative for someone looking to live in one unit and rent out the other?
Peter Komar has the listing. See the pictures here.
1943 W. Addison: 2-flat, 5 bedrooms, 3 baths, 2 car garage
- Sold in 1987
- Sold in August 2006 for $545,000
- Originally listed in February 2007
- Off and on the market
- Re-listed in November 2009 for $549,000
- Reduced
- Currently listed for $519,900
- Taxes of $6500
- Standard Chicago lot of 25×125
- The listing doesn’t say anything about central air
Yes, if they pick it up and move it 2 blocks north.
is there something special 2 blocks north or are you just saying that you’d rather have this place on a side street instead of Addison.
To that I’d agree, but I’d rather have 2 blocks south.
I remember a two-flat like this 3 blocks to the north and just on the other side of Damen listing for $899,000 in 2003, a year before I moved out of the neighborhood.
So if this is listed for $517,000 and it’s a stone’s throw away, hell, that’s like 50% off, sign me up. Who’s the listing agent on this?
BTW cut down that skinny ugly tree in the middle of yard. During what decade did it become fashionable to plant those nasty skinny evergreens all over the city? I see them everywhere in the city on nasty dirty run down properties.
The 3rd bath infers an additional basement unit. Good for another $800 or so.
It’s kinda cute, but doesn’t make any kind of financial sense.
yes please please be a single family home converter and save me from the fact this building is worth signifigantly less
What would it cost to convert this to a SF? $200K? More?
I lived on Addison in the early 90s and it wasn’t too bad from a noise perspective, but game days were hellish traffic-wise.
It does have a closet with a window, everyone’s fave.
Block further north would put it in Bell as opposed to Audubon
“is there something special 2 blocks north”
“I remember a two-flat like this 3 blocks to the north and just on the other side of Damen listing for $899,000”
I helped a client buy a 3 flat for $50k cheaper than this recently, only 2 blocks away. You extra $1300 from the 3rd apt makes a huge difference.
To convert this to a nice single family properly ( with permits, etc) would be @300k.
“Block further north would put it in Bell as opposed to Audubon”
You were right with the 2 blocks. North side of Waveland to be in Bell; Patterson is Audubon.
That place is worth maybe 400k. I would not want to be on Addison.
Right, but Patterson is really only a half-block
“Right, but Patterson is really only a half-block”
True, but … try to convince someone on the southside of 1900 Waveland that they live on the same block as this place. Block is a pretty flexible unit of measurement.