Live in a 4-Bedroom Grand Victorian for Under $450,000: 11216 S. Oakley in Morgan Park
This 4-bedroom Victorian at 11216 S. Oakley in Morgan Park has been on the market since July.
Built in 1878, it has a massive 100×213 lot (almost half an acre) that includes a gazebo and above ground pool.
The house also has a front porch and a screened side porch.
The kitchen is updated with cherry cabinets, granite and stainless steel appliances.
The full bath has white Italian marble and a rain shower bath.
The listing says that there is updated electric and plumbing.
The house also has an unfinished basement, central air and a 1-car garage.
It is located just a few blocks from Morgan Park Academy, which is a K-12 private school routinely cited as one of the best private schools in the state.
The house is also just a few short blocks to the Morgan Park metra stop for a quick downtown commute.
It hasn’t been on the market in 24 years.
At a listing price of $449,900, is this a deal?
Sandra Bianciotto at Prudential Biros has the listing. See more pictures here.
11216 S. Oakley: 4 bedrooms, 1.5 baths, 2500 square feet, 1 car garage
- Sold in September 1987 (no price given)
- Originally listed in July 2011 for $449,900
- Currently listed for $449,900
- Taxes of $5422
- Central Air
- Above ground pool
- Bedroom #1: 20×14 (second floor)
- Bedroom #2: 18×14 (second floor)
- Bedroom #3: 15×13 (second floor)
- Bedroom #4: 15×9 (second floor)
Having only one vintage-y bathroom upstairs is a bummer.
Nice house
would love a house like this. Don’t know anything about Morgan Park and it’s at least $50K out of my max price range. From this listing photos it looks like it has some type of historic status that might make making updates a PITA.
Not crazy about the pool or only a 1 car garage.
“Not crazy about the pool or only a 1 car garage.”
Garages are cheap(ish) and the pool just requires a weekend (max) to tear out (I’ll get ahold of the groove and we’ll come down and help).
Basically, you should make an offer, Icarus! I don’t think you’re concerned about getting blacklisted by the morgan park realtor cabal.
I grew up in Beverly / Morgan Park. Tons of cops and firefighters live in this neighborhood and families pass their houses from one generation to another.
Morgan Park Academy is a great school but I believe it’s pretty expensive. When I was growing up there, the public elementary schools where good but no one went to public high school (Morgan Park). We all got sent to one of the private Catholic high schools.
“Basically, you should make an offer, Icarus! I don’t think you’re concerned about getting blacklisted by the morgan park realtor cabal.”
As much as I want to pull the trigger and buy a home, we need to wait until we find out where (future)Mrs Icarus is gonna be working
At one time I would’ve liked a house like this. But, now knowing the maintenance required to keep up a house like this on such a large lot, it would be too much work for me.
shouldn’t this count as 2 full baths with the above ground pool?
Ditto Kevin. Great hood.
The 2010 (pay 2011) tax rates and equalization factor have been announced. For most of Chicago
2010 eq fact 3.3701
2011 eq fact 3.3000
2010 tax rate 4.627
2011 tax rate 4.931
2010 effective rate as % of assessed market value = 1.56%
2011 effective rate as % of assessed market value = 1.63%
That’s a 4.5% increase in a non-reassessment year. The effective rate does not take into account any exemptions. Most will see a larger increase in their tax bills since the homeowner’s exemption has been reduced. For example, a $200,000 assessed market value with max homeowner’s exemption resulted in a tax bill of $2,193 for 2009/pay2010 and will be $2,466 for 2010/pay2011, a 12% increase.
Thanks, G. When do tax bills go out?
Hasn’t been announced yet. They were targeting a due date in the first week of November and everything is on track, so they will likely go out in the next week.
Don’t forget that the first installment was for 55% of the prior year’s bill. If your second installment is the same as the first, you have a 10% increase over the prior year.
G, so if the Estimated 2011 Market Value according to the assessor’s website is: $362,660; the tax bill will be 1.63% of $362,660 = $5,911.36?
” if the Estimated 2011 Market Value according to the assessor’s website is: $362,660; the tax bill will be 1.63% of $362,660 = $5,911.36?”
1. For the coming-soon tax bill, use the 2010 MV.
2. Yes, ignoring the HO exemption.
2010 assessed value is the same as the 2011. hum…that’s interesting, all the surrounding homes in this area have tax bills in the $7,000’s and $8,000’s so that seems low; and when i tried to reverse engineer the tax bill a few weeks ago, after backing out the long term and senior exemption I figured it to be $8,400,
“anon (tfo) on September 26th, 2011 at 2:07 pm
” if the Estimated 2011 Market Value according to the assessor’s website is: $362,660; the tax bill will be 1.63% of $362,660 = $5,911.36?”
1. For the coming-soon tax bill, use the 2010 MV.
2. Yes, ignoring the HO exemption.”
maybe clio, because people don’t want to live with all the poors in the burbs?
http://finance.yahoo.com/news/Poverty-pervades-the-cnnm-893289229.html?x=0
Clio – good thing you’re not a plastic surgeon. The Victorian has a lot of character whereas the Oak Brook home is a standard suburban tract home with nothing to recommend it, style-wise.
Beautiful home, although it does stink to only have one full bath. Wouldn’t being in Beverly be preferable too? I’ve seen several big homes in Beverly for similar prices.
“maybe clio, because people don’t want to live with all the poors in the burbs?”
Yeah right, as if every single suburb is poor now and the enitre city is yuppifed.
Big duh, the whole country is poorer!
Not totally my style but that’s probably the first tastefully, properly decorated and furnished home for it’s price/era that I’ve seen in any Chicago real estate listing ad.