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Nearly Two Years Later and Reduced $354K in Lincoln Park: 2427 N. Marshfield

This 4-bedroom single family home at 2427 N. Marshfield in west Lincoln Park has been on (and off) the market for nearly 2 years.

It has also been following the market lower as it has now been reduced $354,000 from its original list price in July 2007.

The house is also now listed just $9,000 over the 2005 purchase price.

The listing calls it the “best value in Lincoln Park.” The kitchen and baths have been renovated, it has central air and a 2-car garage.

Is this a single family home at a townhouse price?

Ayoub Rabah at Great Street Properties has the listing. See the pictures here.

2427 N. Marshfield: 4 bedrooms, 3 baths, 1 half bath, 2 car garage, no square footage listed

  • Sold in June 1995 for $476,250
  • Sold in September 2005 for $686,000
  • Originally listed in August 2007 for $1.049 million
  • Reduced several times
  • Listed in July 2008 for $899,900
  • Reduced several times
  • Listed in January 2009 for $759,000
  • Reduced several times
  • Listed in June 2009 for $695,000
  • Reduced $1
  • Currently listed for $694,999
  • Taxes of $9742
  • Central Air
  • Bedroom #1: 22×12
  • Bedroom #2: 14×22
  • Bedroom #3: 13×12
  • Basement/Family room: 29×14

This entry was posted on Wednesday, June 10th, 2009 at 1:33 pm and is filed under Lincoln Park, Reductions. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

18 Responses to “Nearly Two Years Later and Reduced $354K in Lincoln Park: 2427 N. Marshfield”

  1. Sabrina,

    listing link is not working….

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  2. looks like it’s now only for rent on the website Here @ $5,000 a month.

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  3. shortwithhighceilings on June 10th, 2009 at 2:01 pm

    Here’s a link to fill in the gap for now: http://www.redfin.com/IL/Chicago/2427-N-Marshfield-Ave-60614/home/13357677

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  4. Link didn’t work see here:

    http://www.coldwellbankeronline.com/Property/PropertyDetails.aspx?SearchID=3880074&PropertyID=747330&RowNum=1&StateID=19&RegionID=0&IsRegularPS=True

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  5. Yeah the exterior is more than a little plain/ugly. But I can’t see why it isn’t selling. There must be something wrong with it I can’t quite ascertain to see why it isn’t selling at its current ask price.

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  6. Gotta love the basement full of kids crap, and another bedroom full of kid crap… how much crap does a kid need? Just park his butt in front of a TV like everyone else does…

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  7. Death by curb appeal (or lack thereof).

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  8. And Dryvit exterior…ewwwwww.

    I can smell the mold from here.

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  9. $700k for a mediocre house.

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  10. LOL. These guys epitomize chasing the market down.

    But, I feel like it can’t go much lower than the 2005 price.

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  11. When I went to the Coldwell Banker site and searched for this property by address, it popped up as a 5k rental, not a sale property.

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  12. 5k rental? Well I guess this listing is pretty hilarious afterall.

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  13. “$700k for a mediocre house.”

    $400k for an LP lot in a below average location and $300k for the house. Bet they’re kicking tehmsleves for putting in the $6k refrigerator.

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  14. shortwithhighceilings on June 10th, 2009 at 4:05 pm

    Square-footage- and garage-wise, it might rank in the 600s.

    But I’m just not that into this.

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  15. Dryvit over 20 year old brick is probably hiding something….e.g. the brick was going bad and slapping up Dryvit was cheaper than fixing it.

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  16. I give them points for having the Cindy Crawford furniture line, otherwise I think it is a pretty bland place…wow listen to me, I am beginning to sound like other Crib Chatters…
    Did I just say that???

    Ummmmm nice place….

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  17. I fixed the link- thanks. The listing was withdrawn this morning and it was re-listed for $1 less (the old real estate trick of lowering the price, re-listing and then it’s a “new” listing.) That’s why the prior link didn’t work.

    I’ve seen more and more of the $1 reductions lately (also $10 or $50).

    And yes- it’s also listed for rent for $5000 a month.

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  18. Here are there price reductions thru March. Definition of chasing the market down.

    2427 N Marshfield 1,049,000 8/17/2007
    2427 N Marshfield 999,999 10/18/2007
    2427 N Marshfield 999,999 10/18/2007
    2427 N Marshfield 995,000 2/19/2008
    2427 N Marshfield 989,900 3/5/2008
    2427 N Marshfield 979,900 3/16/2008
    2427 N Marshfield 974,900 3/27/2008
    2427 N Marshfield 959,900 5/2/2008
    2427 N Marshfield 949,900 5/21/2008
    2427 N Marshfield 939,000 5/30/2008
    2427 N Marshfield 929,000 6/27/2008
    2427 N Marshfield 899,900 7/18/2008
    2427 N Marshfield 879,900 8/28/2008
    2427 N Marshfield 874,900 9/9/2008
    2427 N Marshfield 869,900 9/19/2008
    2427 N Marshfield 849,900 9/30/2008
    2427 N Marshfield 839,900 10/8/2008
    2427 N Marshfield 829,900 10/15/2008
    2427 N Marshfield 819,900 10/23/2008
    2427 N Marshfield 809,900 10/30/2008
    2427 N Marshfield 799,900 11/6/2008
    2427 N Marshfield 789,900 12/4/2008
    2427 N Marshfield 759,000 1/8/2009
    2427 N Marshfield 754,900 2/13/2009
    2427 N Marshfield 749,999 2/19/2009
    2427 N Marshfield 749,990 2/25/2009
    2427 N Marshfield 739,990 3/4/2009
    2427 N Marshfield 724,999 3/18/2009

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