Live the Good Life in this 3-Bedroom East Lincoln Park Rowhouse: 474 W. Deming
This 3-bedroom vintage rowhouse at 474 W. Deming in East Lincoln Park just came on the market.
It is just a block from Lincoln Park and also just steps away from the shops and restaurants on Clark.
It seems to have everything buyers are looking for.
Built in 1884 on a 20×74 lot, it still has some of its vintage features such as stained glass, the original wood staircase and crown molding.
Yet it also has central air, a lower level family room and 2-deeded parking spaces directly behind the rowhouse.
All 3 bedrooms are on the second floor along with 2 baths.
Is this a deal at under $1 million for the location?
Mario Greco at Prudential Rubloff has the listing. See the pictures here.
474 W. Deming: 3 bedrooms, 3.5 baths, no square footage listed, 2 deeded parking spaces behind the rowhouse
- Sold in January 1993 for $266,000
- Sold in April 1995 for $307,500
- Sold in February 2001 for $640,000
- Currently listed at $949,000
- Taxes of $14,852
- Central Air
- Bedroom #1: 18×17 (second floor)
- Bedroom #2: 19×13 (second floor)
- Bedroom #3: 12×11 (second floor)
- Family room: 30×19 (lower level)
Really nice place but the lack of outdoor/grilling space at this price point makes me sad. I mean look at that poor lil grill wedged in there… I gotta have more space to grill!
“Are buyers with that rationale thinking about inverse relationships and 10 years from now mortgage rates will go up and depress their sell price?”
EXACTLY!!! Buy a house now and lock in a GREAT mortgage that cannot be assumed. Interest rates go up after you have a few kids and your house is worth 20% less. That is my fear, but most buyers these days are too stupid to figure that out. no offense
This is not a $1M place.
Super cute – the price seems high to me, but everything in ELP seems high to me, so my opinion on that is worthless. Two quibbles – “secluded private terrace” seems to be realtor spin for a large box off your kitchen next to your neighbor’s back steps, and the fact that we can’t see the fridge makes me wonder if it’s in some odd, inaccessible spot, like a back porch or the pantry.
This place strikes me as being quite similar to homes I’ve seen listed on Alta Vista as far as size and floor plan, but the typical Alta Vista home is hundreds of thousands less (I’m not talking about the four three-story homes on Alta Vista, only the two-story ones).
Obviously, this is a better neighborhood than Alta Vista, and you don’t have the drunk Wrigley rowdies to deal with. However, you’re just a few steps off of busy Clark Street and across from a high-rise medical office facility, so the street is not exactly quiet.
I’ve always liked these homes from the outside, and the inside looks good in the photos. But for the factors I listed, as well as no garage (I’m assuming the parking is without cover or they would have said so in the listing) and the lack of a back yard, I’d say this should go well under $800K.
“This is not a $1M place.”
Which is probably why they’re asking $949k, and not $1m. I bet they’d take $875k today, pehraps $850k if it doesn’t sell by summer’s end.
I’d rather have a 1.5 (maybe even 1) car garage than 2 outdoor parking spaces (though a guest spot would be nice). And as Sonies notes, the outdoor space looks pretty cramped (maybe that’s just the pic, and maybe it could be improved). But my main concern would be what’s located directly across the street (part medical facility and part old parking garage; not sure if the garage is coming down and what will go there; if it’s the RH/THs associated with the new luxury building on Lakeview, that would be a plus, but it might just be the backside of that development’s new garage/private park).
That said, were we to become more inclined toward “house” living (as oppossed to a building; we’re currently on the fence, but leaning towards a building), if this same listing were to appear 10 or 20 months from now, I think we’d be taking a very close look.
“the fact that we can’t see the fridge”
Click thru to the floorplan–it’s directly behind the camera in the “angled” pic of the kitchen. Not necessarily ideal, but not too bad, either.
“Obviously, this is a better neighborhood than Alta Vista”
Sort of like Malibu is nicer than Bakersfield.
“I’d say this should go well under $800K”
Well under? Like, $50k under? The only way this place goes that low is if there’s something wrong with it (i.e., something undisclosed by the pictures), or if the sellers are simply in a hurry to get out. If they’re in a hurry, they might not be able to wait for that buyer who won’t mind parking one or more (relatively) expensive cars outside. Otherwise, this place goes in the mid(ish) 800’s.
“they might not be able to wait for that buyer who won’t mind parking one or more (relatively) expensive cars outside”
Or the person who has relatively cheap cars, because they barely need them living in this location, and/or are among the multitudes who aren’t “car people”. Nothing wrong with parking your 2006 Accord (bought in 2008) outside, and nothing wrong with driving a 2006 Accord if you view a car as a convenient means to get from A to B and nothing more.
“they might not be able to wait for that buyer who won’t mind parking one or more (relatively) expensive cars outside”
Yeah the liberals who drive 4,000 lb. cars to shop for a bag of vegetables and a half-gallon of milk.
“Really nice place but the lack of outdoor/grilling space at this price point makes me sad. I mean look at that poor lil grill wedged in there… I gotta have more space to grill!”
Same people who buys 500 lb. stainless-steel behemoths to cook two chicken breasts.
Anonny – I disagree with your Bakersfield to Malibu comparison. I realize Alta Vista is well below Lincoln Park, but I wouldn’t compare Alta Vista to Bakersfield. It’s not working class.
second bathroom up will help sell this place. i like it in the high 800s, maybe 870?
anonny has a flair for hyperbole when it comes to elp vs anything else. it is his shtick. i suspect he smiled when he typed that line
If I am spending a million bucks I want:
-a place to park the PT Cruisers inside! these are collectors items people!
-walls that aren’t shared with other neighbors! I don’t wanna hear them doing their business!
-cabinetry from somewhere other than Ikea! speaking of which I had a waitress the other day at TGI Friday’s whose name was Ikea. Pretty cool name, I thought
-a kitchen where I don’t have to sit on top of the radiator to eat my food!