Get High Rise Living and Views in the Middle of Lincoln Park: 444 W. Fullerton Parkway
This 2-bedroom in the Park West Condos at 444 W. Fullerton Parkway in Lincoln Park just came on the market.
The Park West Condos were built in 1972. It is a full service building with a doorman, an outdoor pool and an attached parking garage.
This 8th floor corner unit has south and east views.
It also has rare in-unit washer/dryer, as most of the units in the building don’t have it.
There are hardwood floors throughout the living, dining and bedrooms.
The kitchen has white cabinets, granite counter tops and stainless steel appliances.
This unit has garage parking included in the price.
The HOAs include everything but electric and phone.
At just $330,000, is this a good way to get views in Lincoln Park if you’re still on a budget?
Eva Ustupski at @Properties has the listing. See the pictures here.
Unit #804: 2 bedrooms, 1.5 baths, no square footage listed
- Sold in July 2000 for $266,000
- Sold in February 2007 for $291,000
- Sold in May 2008 for $314,000
- Currently listed for $330,000 (includes the parking)
- Assessments of $878 a month (includes heat, air, cable, internet, pool, doorman, exterior maintenance, scavenger, snow removal)
- Taxes of $4483
- Central Air
- Washer/Dryer in the unit
- Bedroom #1: 10×15
- Bedroom #2: 11×14
You know what…..this is probably the best place ever posted on CC this past year!
It has the perfect amount of baths, enough room for a decent sized dining room and living room. A realistic listing price that includes a parking spot. A hopping location, in-unit w/d, and its a corner unit too.
the only thing i can CC it for would be the no rental cap in the building.
This place is $2600/Mo (Assuming the buyer puts 20% down and no PMI).
Love how the ad screams unobstructed lave views, yet doesnt show any views of the lake
So much fail
Groove,
Huge flaw: Only 1.5 baths. Bed to toilet parity is met but what happens when you and your s/o get in a huge fight at the gym and come home and she doesn’t want to shower with you? What option do you have except to wait for a few minutes until she’s done while your sweat dries on your skin causing minor itching? Absolute deal breaker. NEXT.
“Huge flaw: Only 1.5 baths. Bed to toilet parity….”
Sarcasm usually doesn’t translate on the interwebs, but I got it and loved it 🙂
“This place is $2600/Mo (Assuming the buyer puts 20% down and no PMI)”
Thats not that bad considering where it is and what you get. Remember cooking and heating gas plus parking is in included in the list price.
Painting this place would go a long way. $1228/mo before mortgage…what does this place rent for?
“Painting this place would go a long way. $1228/mo before mortgage…what does this place rent for?”
So would torching it
Rent equivalence is the $64,000 question
Bryce, Van Patten & McDermott didn’t like your buisness cards
Slightly puzzled why kitchen cabinets open towards dining area?
The price seems good for Lincoln Park, but I don’t like this place. The one full bath is tiny and dated. I can only imagine what the half bath looks like…
This place would probably rent for $2200-2400 a month. Parking you’ll get $200-$250.
“Painting this place would go a long way”
I think for the investor/landlord set no need to paint, they know what they know and will not be swayed by sparkly thangs. If you are marketing to the homeowner set, I agree painting and a good staging could get a few $$ in list.
So with rent being 2,400 and parking another 200. say one scoops this up at 7% off list and 20% down, It is cutting close consider taxes are going to jump soon (matter of when, not if) and if the HOA fee goes up?
So CC’ers if you are looking to be a landlord and get return would you go for this one unit condo or this?;
https://www.redfin.com/IL/Chicago/5010-N-Parkside-Ave-60630/unit-1/home/13500892
Why all the assumptions that the buyer of this unit would be putting 20 percent down?
“So CC’ers if you are looking to be a landlord and get return would you go for this one unit condo or this?;
https://www.redfin.com/IL/Chicago/5010-N-Parkside-Ave-60630/unit-1/home/13500892”
Is this a ‘find the needle in the haystack’ post?
Depends on what the first floor tenant is suing for.
“Depends on what the first floor tenant is suing for.”
Dang anon(ufo) 2.0, I was just tossing a random property out there for around the same price. No way to know at face value it had drama with it.
There was a property on Foster by Austin that looked better but was 50k more, is that one toxic too?
“Why all the assumptions that the buyer of this unit would be putting 20 percent down?”
Why not? Its just a guess, whats your guess?
Investor or empty nester: cash. First time buyer/young DINKs/urban oriented family with one kid or two kids of same gender very close in age (LP elem), income topping out in the low to mid $100ks: 10 percent down (w/ lender paid PMI).
“Investor: cash”
My Assumption wouldn’t be cash, always safer to use other peoples money. I will stand by my 20% down.
“empty nester: cash”
I *realtor would need to chime in on if this place would appeal to an empty nester
“First time buyer/young DINKs/urban oriented family income topping out in the low to mid $100ks: 10 percent down (w/ lender paid PMI)”
I can get behind that assumption. But for a live-in unit my 20% down doesn’t apply.
Well maybe it does….what does a roommate rent cost for this?
This building isn’t the best for Investors. Price appreciation is almost non-existent and as an income property/cash flow, the assessments and taxes will always inch up on your margin. I used to own a rental in this place from 2003 to 2007. I dumped the units in 2007, had some parking and rented the spots until 2015.
It’s a decent building and one of the nicer ones in the area.
“Dang anon(ufo) 2.0, I was just tossing a random property out there for around the same price. No way to know at face value it had drama with it.”
The 3d of the Redfin Tour Insights *on your link* sez:
“The tenant situation on the first floor is currently going through the court system. The building is being sold with the tenant and legal responsibilities.”
Can’t get past the diagonal flooring. I’d need to rip it out.
I find this place dreary. You could move further north and forgo the unshown lakeviews and have a place with character, private outdoor space and much more sq footage for the same monthly outlay.
July 2000 buyer paid too much. Assessments are too high. This unit is the schaumburg of living in this hood. Average.
“July 2000 buyer paid too much. Assessments are too high. This unit is the schaumburg of living in this hood. Average”
It’s nicer than average for the immediate area (3 block radius).
Whoever took the pics did a fail. The unit has some nice skyline views facing south and a peak of the lake. They should have come back when it wasn’t foggy/rainy/snowy outside. Also, these south units are very sunny, funny how the pics convey feelings of dreariness.
“The 3d of the Redfin Tour Insights *on your link* sez:”
yeah just realized i wasn’t logged in redfin so no tour insights.
lazy oversight on my part