Get a Vintage Lincoln Park 2-Bedroom for Under $410,000: 1903 N. Fremont
This 2-bedroom at 1903 N. Fremont in Lincoln Park came on the market in August 2019.
Built in 1895, this building was converted into condos in 2006 and has 12 units and a shared rooftop deck.
This unit has some of its original features including the original wood floors, a wood burning fireplace in the living room and partially exposed brick walls.
The listing says there have been custom built bookcases put in around the fireplace in the living room.
The kitchen has been “updated” with stainless steel appliances and granite counter tops.
There’s also a built-in desk and a bar storage area with a wine refrigerator.
The listing also says the bath has been “completely remodeled.”
This unit has a back porch.
It also has some of the features buyers look for including washer/dryer in the unit and central air but there’s no parking. It is permit parking on the street only.
The listing says that this building is 100% owner occupied and rentals aren’t allowed.
It’s just two blocks from the Armitage brown line stop and the shops and restaurants of the Armitage corridor.
The shops and restaurants of the North/Clybourn neighborhood are nearby as well.
Originally listed at $419,000 in August 2019 it has been reduced $10,000 to $409,000.
Is this a good starter condo in Lincoln Park?
Stacy Karel at @Properties has the listing. See the pictures here.
Unit #2: 2 bedrooms, 1 bath, no square footage listed
- Sold in March 2006 for $278,000
- Sold in November 2009 for $322,500
- Sold in July 2013 for $347,000
- Originally listed in August 2019 for $419,000
- Reduced
- Currently listed at $409,000
- Assessments of $393 a month (includes exterior maintenance, scavenger and snow removal)
- Taxes of $8753
- Central Air
- Washer/dryer in the unit
- No parking- street parking only
- Wood burning fireplace
- Bedroom #1: 11×10
- Bedroom #2: 9×12
- Kitchen: 17×11
- Living/dining room: 24×13
This is a two bed one bath folks . . . and a small one at that! I am not sure there is a market for starter homes of this ilk anymore or that the folks who could afford to pay so much for such a small unit are interested in leaving their lux new construction rentals with tons of amenities to experience the joys of a small condo association and the uncertainty of future tax hikes. I will be shocked if this sells for more than $350K. I still cannot get over what they paid in 2013. What were they thinking – – you could still negotiate in 2013.
“This is a two bed one bath folks”
This, like most vintage 2/1s, is really a 1+den(nursery)/1. No one past college age is really going to be happy with sharing this space with a roomie (as opposed to SO), and even the college aged would be unhappy at anything like this cost.
Nice enough for a single, tho. But why assume the risk of ownership, when you can rent something better for about the same price?
They are trying so hard to dress this place up with the light fixtures etc..but dang. You really can’t put lipstick on a pig.
I will eat my shoe if someone pays anything over 375, which is far from worth it.
big ouch on the over assessment of this place
Estimated 2019 Market Value $477,450
Estimated 2018 Market Value $477,450
great job as usual guys
wow you guys are unusually kind. I was thinking $299 max. 😐