Looking for Buyers in Lincoln Park: 2239.5 N. Lincoln
Why do some properties sell right away and others stay on the markets for months?
2239.5 N. Lincoln in Lincoln Park was a new conversion in 2005. This top floor 2-bedroom penthouse unit has been on the market since March and has had several price reductions.
Here’s the listing:
Dramatic light flooded 2 bedrom/2 bath Penthouse with open floor plan and 20ft vaulted ceilings w/ skylights. Top floor N.E. corner unit that feels more like a cottage.
Great kitchen w/cherry cabs, SS app’s. Hardwood flrs thru-out. Master suite w/limestone bath.
In unit W/D. Balcony, family room could be dining room. Superb location. Rental parking around the corner or easy street parking.
There’s no square footage given but here are the room sizes:
- Bedroom #1: 12×10
- Bedroom #2: 12×10
- Living room: 15×14
- Kitchen: 12×9
- Family room: 12×14
Zoe Carne at Prudential Preferred has the listing. See more pictures and a virtual tour here.
There is an open house at this property on Sep 21 from 1:30 to 3:30.
Unit #3B: 2 bedrooms, 2 baths, family room
- Sold in June 2005 for $388,000
- Originally listed in March 2008 for $449,000
- Reduced several times
- Currently listed at $420,000
- Assessments of $303 a month
- Taxes of $5,335
- No parking
- Central air
I used to live in this building! That’s a really terrible picture of the courtyard. It’s obviously from the winter, but that courtyard is beautifully landscaped by the condo owners. The assessment includes cable. No parking with any of the units, but if you exit through the back of the units out to the alley, you are steps away from tons of street parking on Belden.
That courtyard is HIDEOUS. those metal balconies stuck on the front of vintage buildings look so awful. the garden might be nice but who cares, all i would notice is the industrial looking and totally out of place black metal balconies.
yuck
tons of street parking on Belden at Lincoln? are you joking?
I am serious about the street parking on Belden. It’s not nearly as bad as you would think. The homes on Belden between Lincoln and Geneva have garages, so they really use the street parking. I lived there for 3 years and I can count on one hand the number of times I had a hard time finding parking. And I drove every day of the week.
typo – The homes on Belden between Lincoln and Geneva have garages, so they *don’t* really use the street parking.
It’s not only the fact that parking around there would be a nightmare. That location is right in the middle of one of the prime strips of bars for the college (or just out of college) crowd. I can’t imagine how much overflow noise the courtyard gets from cabs honking/drunken fools on any given Friday or Saturday night. It explains why the current residents didn’t even stick it out for three years.
megc629,
Most people consider it a violation of their constitutional rights to not have easy, free/subsidized parking right in front of their home and any destination, so there’s also the matter of perspective on what constitutes “easy” parking. But yeah, parking around there isn’t bad at all for residents, because of the proper balance between the permit-only zones and the number of people actually issued permits.
Agreed with the general ugliness of the added balconies, though the conversion looks to have been creative and made some nice spaces for the units.
In addition to no parking ;ocation may have something to do with it. Its on one of loudest strips of lincoln (yes even for lincoln) sandwiched between endless 4AM, sports, and DePaul student bars. Google satelite maps are a life saver for previewing property locations, some people might not make a first visit based on the bar neighbors.
those balconies are horrific.
I wouldn’t spend my money on that. ever. not even to rent.
what an eyesore. horrifying.
not a place to live. Maybe a good rental in college but DO NOT BUY AT THIS LOCATION!
Free advice from your most knowlegable real estate friend!
Hey – Any of you guys want a good foreclosure? Things are getting slow out there :)))))))
http://www.forbes.com/2008/09/12/luxury-home-hotspots-forbeslife-cx_ls_0912realestate.html
Prices in the high-end housing market–the 2% of homes in the U.S. that sell for over $1 million–have largely remained insulated from the nationwide downturn. But in some areas, prices have fallen to a point that makes luxury homes affordable to buyers previously locked out.
In Depth: 10 High-End Home Hot Spots
These include Boston, Chicago and Los Angeles. Prices there are down 8%, 7% and 21%, respectively, in the last year, the NAR reports. This means Los Angeles-area buyers looking at homes in the $4 million to $5 million range may get what would have cost them an additional $1 million last year.