“Incredible Investment Opportunity” in Little Italy: 1404 W. Flournoy
This vintage 2-bedroom unit at 1404 W. Flournoy in the Little Italy neighborhood has been on the market nearly a year.
It’s been reduced $8,000 in that time period.
The unit has 9.5 foot ceilings, exposed brick and, the listing says, new windows. The kitchen has stainless steel appliances and granite counter tops.
It doesn’t have an in-unit washer/dryer or parking but it does have central air.
The listing calls it an “incredible investment opportunity.”
Jennifer Mills at Koenig & Strey has the listing. See the pictures here.
Unit #2: 2 bedrooms, 1 bath, 850 square feet
- I couldn’t find an original sales price- not sure it has ever sold from the developer
- Originally listed in February 2009 for $247,900
- Reduced
- Currently listed for $239,900
- Assessments of $98 a month
- Taxes of $3540
- Central Air
- No parking
- No washer/dryer in the unit
- Bedroom #1: 13×7
- Bedroom #2: 11×7
I in no way see this as being an incredible investment opportunity at anywhere near asking price, in spite of knowing what outlandish rents landlords get from UIC students for crappy vintage apartments.
By what stretch of the imagination? I’d have to be able to rent this out for almost $2000/month before I’d consider it a great investment.
At least took plenty of photos
Is that a waterbed in pic 8?
“plenty of photos”
And three of them are essentially the same pic of the living room and 5 of them are of the neighborhood. So, really, 9 pix.
I saw this pop up in one of my MLS filters a week or so ago. 7′ bedrooms, no thanks!
Wow maybe 150
if you trust a realtor’s listing description for investment advise you get what you deserve.
If this were such a great investment it would have sold by now.
Advice sorry typo
I like Taylor Street. It’s charming even though it’s overly touristy. But the fact remains that it’s a VERY small area which commands a premium because it’s an oasis in the surrounding neighborhoods which are much larger and tougher.
The apartment is nice, but I don’t want to spend all my time in my apartment. High price and taxes for the area.
lol what a hole.
$105k
I know this building well. My wife lived in this building during college. I even remember the condo conversion and by this pics it looks like nothing more that a cosmetic job + central air. Hopefully they addressed the plumbing problems she always had.
Street parking is absolutely horible here. Let no one tell you otherwise. There is a university next door, the entire IL Medical District, a hotel, and people who park and jump on the blue line. Zone parking does nothing. There are a lot of apartments buildings that have 3 units, 2-3 beds each, and 2-3 cars each and no off street parking for any. Lots of commuter students drive in early and park on the street.
Wow, I remember when this building was apartments. Doesn’t seem like a good candidate for condos.