Is Portage Park Still a Middle Class Neighborhood? A 4-Bedroom SFH at 4033 N. Laramie

4033 n laramie

This 4-bedroom single family house at 4033 N. Laramie in Portage Park came on the market in February. (Photo courtesy of Icarus.)

It’s not your standard single family home, however, as it really has an in-law unit in the lower level, complete with its own separate entrance, kitchen, and family room.

The two units share the lower level laundry room, however.

The upstairs unit has 3-bedrooms and two staircases.

There’s a spiral staircase in the living room and the listing says a second staircase is in the back of the house.

Two bedrooms are located on the main floor and the master suite, with a bathroom and walk-in closet, is on the second floor, along with a family room.

Here’s how the listing is described:

Remodeled home with new flooring & fresh paint inside through 1st & 2nd FL!! New tear off roof, front porch, & water heater! Newer garage.

The kitchen has maple cabinets, granite counter tops and stainless steel appliances but if you look at the pictures from the 2015 listing, you’ll see that the kitchen was remodeled then.

That 2015 listing called the house “newly remodeled.”

There are 2 furnaces and A/C.

The house is also on a bigger than standard Chicago lot of 37×127.

Originally listed in mid-February for $344,900, it was reduced to $335,000.

It then went contingent on March 11.

If it sells near $335,000, that would be about a 31% price gain in 3 years.

This property is one of the more affordable ones in the neighborhood.

Some renovated bungalows are listed anywhere from $500,000 to $600,000 and other homes as high as $800,000.

Like most neighborhoods, there’s also a dearth of inventory.

How much longer will Portage Park stay “middle class”?

Kristina Betancourt at @Properties has the listing. See the pictures here.

4033 N. Laramie: 4 bedrooms, 3 baths, 1400 square feet, 2 car garage

  • Sold in February 1998 for $72,500
  • Sold in April 2015 for $259,000
  • Originally listed in February 2018 for $344,900
  • Reduced
  • Currently listed at $335,000
  • Under contract as of March 11
  • Taxes of $4656
  • 2 Furnaces and A/C
  • Bedroom #1: 16×14 (second floor)
  • Bedroom #2: 12×11 (main floor)
  • Bedroom #3: 12×12 (main floor)
  • Bedroom #4: 11×11 (lower level)
  • 2 kitchens
  • Laundry room: 12×14 (lower level)
  • Family room: 20×14 (second floor)
  • Family room: 16×14 (lower level)

 

77 Responses to “Is Portage Park Still a Middle Class Neighborhood? A 4-Bedroom SFH at 4033 N. Laramie”

  1. This will be a middle class neighborhood likely as long as any of us live.

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  2. I am constantly amazed at how affordable Chicago is.

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  3. Yes, neighborhoods that are not well-served by rail transit to the downtown area will remain middle class. Folks who live in neighborhoods like this generally have at least one family member who will be reliant on a car for their commute / work no matter what so they place less value on proximity transit options.

    Portage park has a great outdoor pool. The 1972 summer Olympic swim trials were held there…so Mark Spitz once graced that pool deck. I haven’t been in a few years though – – the last time I was there, only one shower was functioning and the locker area was a little gross. Anyone been lately?

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  4. “Is Portage Park Still a Middle Class Neighborhood? A 4-Bedroom SFH at 4033 N. Laramie”

    “This will be a middle class neighborhood likely as long as any of us live.”

    Well, you need a defn of middle class to answer this. And if we’re including umc then that prob covers the entire n and nw side.

    I do know eg some folks who’ve moved into the montrose/milwaukee/lawrence/xway quadrant who are aspirationally and culturally mc+ (college+, white collar jobs, etc). I don’t know that they make any more in total comp than eg fireman plus side job plus spouse job, but it’s a change. Eg an entire block that has been transformed. Beaubien seems to be an acceptable-ish option. Some of the kids are gifties, some tards.

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  5. “Photo courtesy of Icarus.”

    I’m still waiting for ick to create that photo upload tool. What’s the deal w the lower left corner of the photo?

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  6. PP is the epitome of Chicago middle class neighborhood

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  7. I HEART PP LOLZ!!!
    OLD STYLE FOR ME!!!

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  8. The median family income in Metro Chicago is $79,000 or so, so this is affordable to the middle class.

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  9. Wouldn’t take much to vastly improve the curb appeal on this one. The broker should spring for a few sheets of lattice and take a couple of hours to tack it up.

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  10. I’m still waiting for ick to create that photo upload tool. What’s the deal w the lower left corner of the photo?

    Not sure what photo uploader you’re talking about. the blue in the corner is probably some article of clothing that got in the way.

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  11. “Not sure what photo uploader you’re talking about”

    You’ll find it somewhere on your to do list after teh wiki.

    What are your elem school plans? Is your neighborhood elem in contention?

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  12. also, what’s the best polish grocery/deli? is there something better than andy’s?

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  13. “Portage Park has a great outdoor pool. – – the last time I was there, only one shower was functioning and the locker area was a little gross. Anyone been lately?”

    I go all the time. I love the reclining deck chairs for public use! They would never be able to have something so beautiful in New York. Those animals would tear it up. The last time I was there this old-skool Chicago lady exclaimed at me in the shower “Oh my! You have such a nice tan. How did you get it so even?!” I didn’t have the heart to tell her it wasn’t a tan, LOL!

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  14. also, what’s the best polish grocery/deli? is there something better than andy’s?

    what’s wrong with Andy’s? I like Montrose Deli because it’s a tad closer but I don’t shop at either regularly.

    Also, I think the wiki is dead. If Sabrina every updates the site again, perhaps she’ll enable Gravatar and that will do.

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  15. @anonny it’s never as easy as “spring for a few sheets of lattice and take a couple of hours to tack it up”

    there will be one side that doesn’t line up right or a loose nail and the lattice keeps failing. Best to leave it be….not a game changer.

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  16. Do front stairs like that require railings?

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  17. The old A&G Market on Belmont by Central has been replaced by Tony’s Finer Foods which to me is a positive improvement. Icky might disagree, but I never knew A&G in its heyday…just at the end when it was running on fumes and kept barely stocked. Tony’s has a ton of fresh produce and I was pleasantly surprised to find Bragg’s apple cider vinegar AND Bragg’s liquid aminos – which is a gluten-free soy sauce. I took this as an economic indicator that the yupsters have arrived!

    I also shop at the Aldi at Central and Diversey and they have a fair amount of organic produce, eggs, milk, etc. and items like bleu-cheese stuffed olives, kettle chips, German chocolate and wine.

    In general the Irving Park section of PP has arrived but the Belmont Avenue part of PP has a long way to go in getting cleaned up.

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  18. “what’s wrong with Andy’s? I like Montrose Deli because it’s a tad closer but I don’t shop at either regularly.”

    I like andys, just wanted to know if there was something better. I like the smoked salmon at andys better than montrose deli.

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  19. “Do front stairs like that require railings?”

    not in portage park!

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  20. if the milkster shower scene does not bring groove back, he’s really gone.

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  21. I don’t think we had been to A&G since the twins arrived. I think the A&G and Family Fruit Market were owned by the same family and when they decided to sell Family Fruit, they consolidated into A&G until they could liquidate that one too?

    We were actually going to go to that Aldi and then Toni’s a few weekends ago but decided to do all our shopping at Toni’s — maybe we’ll see you sometime.

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  22. Maybe the renovation financing had the sharia compliant loophole of not needing to begin repayment until the work is completely finished?

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  23. This is a nice cafe across from the park if you are in the area:
    https://www.yelp.com/biz/portage-grounds-coffee-and-tea-chicago?osq=portage+grounds

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  24. “Wouldn’t take much to vastly improve the curb appeal on this one. The broker should spring for a few sheets of lattice and take a couple of hours to tack it up.”

    Why would they need to improve the curb appeal?

    There is little for sale in the neighborhood at this price point.

    And this went under contract within a month, which proves my point.

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  25. “PP is the epitome of Chicago middle class neighborhood”

    It is?

    $800,000 homes are now “middle class”?

    There’s one on the market just a few blocks from this house on Laramie.

    There are others nearby also listed in the $500,000s and $600,000s.

    I don’t think this neighborhood is middle class anymore at all. I think it has already begun the transition to upper middle class like nearby Old Irving Park.

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  26. I would air BnB that basement instantly.

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  27. “$800,000 homes are now “middle class”?

    There’s one on the market just a few blocks from this house on Laramie.”

    I think that one is an outlier, and definitely over-estimated how much this neighborhood could handle, based on how long it has been on the market.

    Interestingly, that $800K home is described as new construction but it was really a home that someone walked away from and bought dirt cheap. I remember seeing mold on the outside.

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  28. Unless you are someone that needs residency, Its a strange world where paying North of $500M for a place in PP makes any kind of sense.

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  29. “I think that one is an outlier, and definitely over-estimated how much this neighborhood could handle, based on how long it has been on the market.”

    Yeah. Has there been anything within say $200k of that place? It also doesn’t look that nice. Finishes are so so (for the price). Lots seems a little bigger but back yard isn’t stellar.

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  30. an outlier doesn’t mean it is commonplace sabrina…

    just because you can find an 879k house for sale in Shorewood, IL doesn’t mean it isn’t a middle class town anymore

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  31. I’ve enjoyed my time in Portage but this particular area — as I stated when Icarus first brought this property to our attention — is too far from the public transportation options. Maybe an option if you took the metra to union station every day. Otherwise the neighborhood is still a solidly middle-class/blue-collar neighborhood despite the outlier 700k+ homes.

    After living in PP for 2 years it surprised and disappointed me how much people littered even on the non-busier streets. Not saying PP is the only neighborhood guilty of this but you’d think people would have a little more respect for their community.

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  32. https://www.redfin.com/IL/Chicago/2820-W-Wilson-Ave-60625/home/13489757

    This just went on the market a little west of me. Curious about people’s thoughts.

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  33. Tone,
    That home is gorgeous. I have always admired it and now I admire it even more! Criminally low taxes however. The AV is practically the 2000 sale price!!!! WTF!!!

    The last time this traded was near the peak for this area. I just don’t see this as a $1.4MM home area but the fact is that there are a handful of million dollar homes around the river in this part of Ravenswood Manor and someone will probably bite for something within $150K of the ask. All that reno work and it still has radiator heat though. That is one vintage feature I am just not a fan of.

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  34. I agree that the ask is on the high side (it’s $1.3M though). I also agree that it likely goes for around $1.15M.

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  35. Re 2820 Wilson, there’s a lot I like about. I don’t personally like the particular finishes, though others will. I also don’t like the location on a busy corner. Size of lot is nice but kinda exposed. But agree it should go within something like $1.15M (or $1.15MM in johnnyu speak).

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  36. Nice place on Wilson but agreed it’s overpriced and that is probably the buiest corner in the heart of Ravenswood Manor. I personally don’t find the lot space very usable for its size, and it lacks privacy.

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  37. There are much busier streets than Wilson. “Busiest” street in Ravenswood Manor doesn’t make it like Damen or Ashland…also, not remotely as busy as other east/west arterials like Montrose and Lawrence. Not even close. Last time I was here they removed the speed bumps from the west side of the bridge because local residents complained about them! Anyone know if they are back?

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  38. The bones on the Wilson house are nice (A+ for not painting most of the woodwork). The remodel really should have been kept more original vice trying to add some modern touches

    At the ask, I’d think you could find a better house in Oak Park and the commute would be similar

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  39. “There are much busier streets than Wilson. “Busiest” street in Ravenswood Manor doesn’t make it like Damen or Ashland…also, not remotely as busy as other east/west arterials like Montrose and Lawrence.”

    Sure, it is not like one of the arterial streets, but it’s pretty busy (it’s common alternative to montrose/lawrence) and people drive fast on wilson. At least I do. I also don’t like how exposed you are on that corner. But I do like the place despite all that.

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  40. Also Wilson is narrow there, and lots of people cut through on Wilson at that point since it has the only bridge for a quarter mile on each side so that concentrates more traffic. Manor is the first street west of the river you can cut north of Montrose on, I’ve done it plenty of times myself. Combine those two dynamics and it’s exactly what I said,

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  41. This house in Galewood seems nicer to me than the PP house and is cheaper. It also is closer to both Metra and the El and downtown Oak Park is becoming pretty nice and there are many people trying to improve the North Avenue business district.

    https://www.redfin.com/IL/Chicago/1855-N-Nordica-Ave-60707/home/13430426?utm_source=myredfin&utm_medium=email&utm_campaign=ios_share&utm_nooverride=1&utm_content=link

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  42. “I would air BnB that basement instantly.”

    I’ve always wondered about this.

    Who the hell would stay in this location who is using an airBnB? I get it that in the tourist areas there’s demand. But it’s not like there’s anything anywhere near this house. So why would anyone rent it? And wouldn’t it be more problem than it’s worth?

    It would seem to be more practical to actually rent it to a long term renter.

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  43. One of my friends is in town to take care of her mother who broke her hip. She came with her husband, so they decided to stay close to her mother in an air BNB. Another friend is having a baby, grandparents are coming in for a few weeks to help with the newborn, staying at an AirBnB. And I have a third friend who is bringing her twins to visit Northwestern and UNiversity of Chicago, staying at AirBnB in those two areas. Not everyone who comes to Chicago is here to be a tourist and go shopping on Michigan Ave.

    Keep in mind also that many people that come as tourists are in neighboring Midwest states and actually drive here. They can’t afford to park their car downtown. In fact, they couldn’t afford anything downtown.

    And, you obviously have never been a landlord if you think that a full time renter is less problematic than an AirBnB tenant.

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  44. I love that place on Wilson. A couple of comparisons (the first not as nice, but huge lot closer to the river, the second in the middle of a rehab, but offers something unique).

    https://www.redfin.com/IL/Chicago/2860-W-Giddings-St-60625/home/13489309

    https://www.redfin.com/IL/Chicago/2854-W-Giddings-St-60625/home/13490735

    I’m not familiar enough with Wilson there to know how busy it is (my recollection is that it wouldn’t be bothersome to me, but I think I have high tolerance for busier streets, though, as I wouldn’t have an issue with Damen, for example). Not intimately familiar with the neighborhood but from what I know I really like it (I run there sometimes). For me it would offer advantages to Oak Park as it’s on the brown line, but I’m not in the market for a $1.3 million house anyway.

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  45. I am about to start an airbnb experiment with one of my houses which is not downtown and it’s not that close – 1 mile – from the nearest el stop. I will let you know how it goes. I’m expecting a few bumps but I’m going to take the risk.

    There are airbnbs all over the city. There is a market for houses for large groups who like to cook and hang out at home and have garage parking. There is also a market for customers who want to experience the feeling of living in the Chicago neighborhoods.

    In New York I live in a 2-flat in Queens. Again, 1 mile from the nearest subway stop and 10 miles from Times Square. My mom is currently my tenant in the second unit. I charge her WAY undermarket rent. It’s worth it to me not to have the hassles of a tenant off the street. If she ever moves I would airbnb that apartment in a heartbeat over dealing with the nightmares which come with a tenant-friendly tax-happy city.

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  46. Who the hell would stay in this location who is using an airBnB?

    Even before the days of airBnB, smart travelers knew that staying off the tourist path was economically beneficial.

    I forget how they market it, but airBnB promotes living like a native, not a tourist, i.e. stay in the less popular part of town. I would assume they price accordingly.

    Uber makes it very economical to airBnB a house like this and still see the Chicago Amenities.

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  47. So I’m too lazy to research, but what’s the plausible rent for the basement for a long term rental versus airbnb?

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  48. So I’m too lazy to research, but what’s the plausible rent for the basement for a long term rental versus airbnb?

    depends on whether you claim the rent or get it in cash/recordless.

    also you wouldn’t call it a basement, you’d call i ta Garden apartment

    https://www.domu.com/chicago/neighborhoods/portage-park/5218-w-berteau-ave-garde-chicago-il-60641-0

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  49. Milkster – so funny, my wife and I are about to embark on the same journey. We recently closed on a two flat in Jefferson Park and will live in one unit and AirBNB the other once we get it furnished and stocked. We think our occupancy rates can be pretty high due to its proximity to the transit center.

    I’ve talked with two other investors doing something similar and they’re seeing 80-90% occupancy rates in the area. We realize it’s going to be more hands-on / day-to-day involvement but the flexibility and not having to deal with long term tenants (that have disproportional tenant rights) makes it worth pursuing. The numbers are just too lucrative to pass up.

    Interested in hearing how your experience goes. Right now trying to find a cleaner/cleaning-service that can properly turnover the space after guest checkout has proven challenging for us.

    DZ – I know one guy who is renting his one bedroom basement apartment in JeffPark and averaging $1400/month after expenses when its market rate is an optimistic $850-$900/month. The basement in-law in this property definitely wont get anything near that because its much farther away from public trans and not as updated. But if I had to guess it could beat its market rent by a few hundred or so assuming the host gets good reviews and provides a good experience. For some it’s more about just making some extra cash while avoiding the headache/demands of a long term tenant.

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  50. No brainer if the best you can do is $850/month in rent.

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  51. ” I know one guy who is renting his one bedroom basement apartment in JeffPark and averaging $1400/month after expenses when its market rate is an optimistic $850-$900/month. The basement in-law in this property definitely wont get anything near that because its much farther away from public trans and not as updated. But if I had to guess it could beat its market rent by a few hundred or so assuming the host gets good reviews and provides a good experience. For some it’s more about just making some extra cash while avoiding the headache/demands of a long term tenant.”

    V interesting. I would have thought maybe you could sell a place like this to the airbnb crowd in terms of uber rather than el access. It’s a $15-20 uber into the city versus eg 3 or 4 people at $2.50/ride, which seems like a no brainer to me but maybe I’m not the target renter for this place.

    The perspective on hassles of long term renter with more rights versus dealing w airbnb turnover is interesting.

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  52. “Right now trying to find a cleaner/cleaning-service that can properly turnover the space after guest checkout has proven challenging for us.”

    Seems like a biz opportunity. Provide a reliable quick freshen up service to all the airbnb landlords. If you spoke a little polish and had some internet skills this could scale. Ick?

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  53. “Right now trying to find a cleaner/cleaning-service that can properly turnover the space after guest checkout has proven challenging for us.”

    Is the challenge finding someone who can clean at a moment’s notice or do it cheap enough not to eat into your profit margins, or both?

    cleaning services have costs too.

    DZ – Polish, Ukrainian, Romanian, Spanish and even Greek, believe it or not.

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  54. Icarus – Both. We are willing to pay more than the cleaning fee we would collect (~$50) per booking for what should be 2 hours of cleaning and restocking. It would have to be no greater than $80 per turnover otherwise it isn’t cost effective as we lose too much money. We’ll have a better outlook when we figure out our average bookings per month because that will dictate how much we can afford to pay over the acceptable cleaning fee you charge guests; or raise cleaning fee to cover total cost of professional cleaning and risk pissing off guests, it’s a tough balance. We would most likely launder the sheets/towels/etc ourselves to save a little extra $.

    I spoke with a service that’s based in Wicker Park that offers the type of cleaning/flexibility we want but they surprisingly don’t service Jefferson Park despite it being a literal 16 minute el ride north. They offered an affordable hotel linen service rental which probably makes more sense over time than running up your water bill & laundry machine wear & tear. There’s definitely an emerging business opportunity here.

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  55. “We are willing to pay more than the cleaning fee we would collect (~$50) per booking for what should be 2 hours of cleaning and restocking. It would have to be no greater than $80 per turnover otherwise it isn’t cost effective as we lose too much money.”

    2 hours seems like plenty unless it’s a long rental. I would really think 1.5 on average, which would leave some time to go between places. Cleaning services are maybe low $20/hour. Throw on ick’s $10/service profit (for optimizing multiple locations/transit, so there’s not too much travel time) and $60-65 would work for everyone.

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  56. “they surprisingly don’t service Jefferson Park despite it being a literal 16 minute el ride north”

    def wouldn’t make sense to be based in wicker and take the occasional call in jeff park. you need enough calls close enough together to shuffle different check out and check in constraints.

    But if there was enough jeff/portage/irving park business (Ick!!), that would work.

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  57. “Polish, Ukrainian, Romanian, Spanish and even Greek, believe it or not.”

    I don’t think the greek clean, dunno about romanians, but the rest is great!

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  58. Congratulations, Elliot!

    Through learning the hard way, all my conventional rentals to long-term tenants are now going to be month-to-month only. That way if someone acts up it’s “ADIOS”!

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  59. I’ve enjoyed my time in Portage but this particular area

    we are in the same boat. On the one hand, we could get so much more house in the south where Nightingale’s parents live. But we are not exactly the demographic that fits in there.

    On the other hand, if God wanted us to move, would he have put a Binny’s and a Culver’s right next to each other and within walking distance of our house!

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  60. Milkster, I’ll probably see you at Portage this year as well. I miss visiting with the characters that return every summer.

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  61. “On the other hand, if God wanted us to move, would he have put a Binny’s and a Culver’s right next to each other and within walking distance of our house!”

    Going to move to Lakeview, Icarus?

    There’s a Binny’s there (of course) and they’re putting in a Culver’s!

    Your dream CAN come true.

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  62. “I know one guy who is renting his one bedroom basement apartment in JeffPark and averaging $1400/month after expenses when its market rate is an optimistic $850-$900/month”

    Who is he renting to?

    I don’t get it.

    Why would tourists want to stay in Jefferson Park?

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  63. “I am about to start an airbnb experiment with one of my houses which is not downtown and it’s not that close – 1 mile – from the nearest el stop. I will let you know how it goes. I’m expecting a few bumps but I’m going to take the risk.”

    Great Milkster. Let us know how it goes. It’s great to get first hand accounts of what really goes on.

    AirBnB has really upped its game. It’s trying to compete with hotels now so it has put a lot of tighter restrictions on homeowners. But that makes it better for everyone as then the renters aren’t disappointed.

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  64. “My mom is currently my tenant in the second unit. I charge her WAY undermarket rent. It’s worth it to me not to have the hassles of a tenant off the street. If she ever moves I would airbnb that apartment in a heartbeat over dealing with the nightmares which come with a tenant-friendly tax-happy city.”

    By the way, the AirBnBs were so out of control in New Orleans French Quarter, that they banned them there. It just means they have moved to the Garden District, Uptown and Treme.

    Neighbors in Treme don’t like it. There are huge bachelor parties at the houses with people coming and going. They talk about the sound of suitcases being pulled on the sidewalks 24-7.

    Lol.

    The entire island of Mallorca off of Spain has now banned AirBnB. You can rent out your villa or apartment if you previously had a rental license and go through that process. Otherwise, if you try and do it, they will fine you.

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  65. Sabrina — there’s a Culver’s on Irving just west of Six Corners. And a Binny’s.

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  66. “On the other hand, if God wanted us to move, would he have put a Binny’s and a Culver’s right next to each other and within walking distance of our house!”

    “Sabrina — there’s a Culver’s on Irving just west of Six Corners. And a Binny’s.”

    I am sooo suggestible. Went to culvers tonight w my son. Was excellent. Was going to stop by ick’s afterwards but it was late.

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  67. Culver’s may be a nice addition here, but ultimately it is second rate. You need to go to WI to get the good stuff.

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  68. “Why would tourists want to stay in Jefferson Park?”

    Guessing younger Millennials will forgo staying in the “Hot Spots” in order to save $ to dine at somewhere like Grace, Girl and the Goat, etc

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  69. Sabrina on March 29th, 2018 at 10:12 pm
    Who is he renting to?
    I don’t get it.
    Why would tourists want to stay in Jefferson Park?

    Tourists, families who want to stay in a less-dense / safe neighborhood, students, business travelers who like the convenience of it being close to Ohare, people interviewing for jobs, people visiting family, couples who want a cheap place to stay for a few days and don’t want to have to eat out every night.

    You can get better value and more space for your money than you can in “hotter” neighborhoods like Logan/Wicker/Lakeview. Parking is considerably easier for those who drive. Some also prefer a more quiet area to stay in than the shit show that North & Damen has turned into.

    A lot of Chicago natives don’t seem to understand that a lot of people who travel from around the country don’t know, or care about, the difference between Wicker Park/Lincoln Park/Logan Square. Value and convenience is not exclusive to hot neighborhoods. Tastes vary but there is a proven market for short term rentals on the Northwest side.

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  70. By the way, the AirBnBs were so out of control in New Orleans French Quarter, that they banned them there. It just means they have moved to the Garden District, Uptown and Treme.

    Highest concentration of AirBnBs is actually in the Marigny, with Bywater a close second.

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  71. I had some clients who bought a 4 unit in West Town. Basically a 3 flat with a coach house. They live in coach house and AirBNB the 3 flat. They have done quite well with this approach versus long term renters.

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  72. Russ – That’s interesting. I was considering this model as well but my understanding was that, even when you owner-occupy the property, you’re still only limited to renting 1 unit out according to the Short Term Rental Ordinance:

    (e) Listing and rental in buildings with up to four dwelling units – Restricted. It shall
    be unlawful for any shared housing host to list on any platform or to rent any shared housing unit that is located in a building containing two to four dwelling units, inclusive, unless such dwelling unit is: (i) the shared housing host’s primary residence, and (ii) is the only dwelling unit in the building that is or will be used as a shared housing unit or vacation rental, in any combination.

    However, if your client has greased the commissioner’s palm, he could probably get the “commissioners adjustment” that allows for someone renting out multiple airbnb units.

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  73. “Highest concentration of AirBnBs is actually in the Marigny, with Bywater a close second.”

    Um…yeah. Because they banned them in the French Quarter. So they simply moved to the nearby neighborhoods which are now no longer communities, but one big hotel.

    Blah.

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  74. https://www.redfin.com/IL/Chicago/2820-W-Wilson-Ave-60625/home/13489757?utm_source=myredfin&utm_medium=email&utm_campaign=instant24_listings_update&utm_content=refresh_with_promo&riftinfo=ZXY9ZW1haWwmbD0xMzA2MDk3JnA9bGlzdGluZ191cGRhdGVzX2luc3RhbnRfMjQmdHM9MTUyMjc1MDgxNjE4MyZhPWNsaWNrJnM9c2F2ZWRfc2VhcmNoJnQ9dmlld19kZXRhaWxzJmVtYWlsX2lkPTEzMDYwOTdfMTUyMjc1MDM1N18zJnVwZGF0ZV90eXBlPTUmc2F2ZWRfc2VhcmNoX2lkPTE2MDk1NzIzJmxpc3RpbmdfaWQ9ODEwMTEyMjQmcHJvcGVydHlfaWQ9MTM0ODk3NTcmcG9zaXRpb25fbnVtYmVyPTA=

    Wow, already contingent. Very interested to see the closing price.

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  75. Subject Property at 4033 N Laramie:

    2/16/2018 – Listed for 344.9K
    2/27/2018 – Price Changed to 335K
    3/11/2018 – Contingent
    4/9/2018 – Sold for 327.5K

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  76. “4/9/2018 – Sold for 327.5K”

    Thanks for the update Milkster.

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  77. Sold for only $30K less than ask.

    https://www.redfin.com/IL/Chicago/2820-W-Wilson-Ave-60625/home/13489757?utm_source=myredfin&utm_medium=email&utm_campaign=instant24_listings_update&utm_content=refresh_with_promo&riftinfo=ZXY9ZW1haWwmbD0xMzA2MDk3JnA9bGlzdGluZ191cGRhdGVzX2luc3RhbnRfMjQmdHM9MTUyOTE0NDIwNjQzMCZhPWNsaWNrJnM9c2F2ZWRfc2VhcmNoJnQ9dmlld19kZXRhaWxzJmVtYWlsX2lkPTEzMDYwOTdfMTUyOTE0MzY4Ml8zJnVwZGF0ZV90eXBlPTcmc2F2ZWRfc2VhcmNoX2lkPTE2MDk1NzIzJmxpc3RpbmdfaWQ9ODEwMTEyMjQmcHJvcGVydHlfaWQ9MTM0ODk3NTcmcG9zaXRpb25fbnVtYmVyPTA=

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