One of the Cheapest Single Family Homes in Lincoln Park Just Got Cheaper: 2700 N. Wilton
Only a month ago, we chattered about this 2-bedroom home at 2700 N. Wilton in Lincoln Park that is located near the El tracks.
The house has just been reduced another $30,000.
It is now priced just $9,000 over its February 2008 purchase price.
It has maple hardwood floors throughout. The kitchen has stainless steel appliances and the bathrooms have been renovated.
It also has a 2-car heated garage.
At this price, is it now becoming more attractive as a townhouse or condo alternative?
Barry Kadish at Marc Realty has the listing. See more pictures here.
Watch the YouTube video here.
2700 N. Wilton: 2 bedrooms, 2 baths, no square footage listed, 2 car garage
- Sold in December 1992 for $7,339
- Sold in December 1994 for $12,966
- Sold in September 1996 for $170,000
- Lis pendens filed in January 2007
- Bank owned in October 2007
- Sold in February 2008 for $540,000 (the amount is from Redfin, but other public records do not list the amount only the sales date)
- Originally listed in August 2009 for $649,000
- Reduced
- Was listed in October 2009 for $579,000
- Reduced
- Currently listed for $549,000
- Taxes of $8627
- Central Air
- Bedroom #1: 20×34
- Bedroom #2: 9×13
- Living room: 17×21
white box, borrrring
is that the EL in the backyard? ummm, no way would I live there, even for free.
White box now… but curb appeal could be improved with some paint and details like shutters, etc. Some paint could work wonders for the inside as well. To me, the “L” running out back is the bigger issue.
sound/vibration-proofing
How much does that cost, its an outlay to consider.
Who really wants to live in the cheapest sfh in LP? I’d rather be a bigger fish in a smaller pond than a small fry in a big lake.
“I’d rather be a bigger fish in a smaller pond than a small fry in a big lake.”
Really? Being a lawyer is Chicago is contrary to that sentiment.
ps: Not meant as a criticism; just a note of surprise.
I wonder what the story is on this place – transfer? divorce? I hope they didn’t just change their mind. Or maybe the el got to be too much? I’m always amazed at how many people sell places within a couple of years of moving in. It makes no sense.
What a boring stale place, strange layout, no yard, El runs RIGHT past your bedroom. I mean literally 5 feet from your house!
Gary — looking at the timeline, I bet it was a flipper who thought he could buy it out of foreclosure at a “bargain” price, fix it up a little, and flip it for a profit. Of course, when the foreclosure price he paid became the market price (or higher) in a few short months, that plan had to be re-thought.
Michael, I was thinking that but they obviously moved in so wasn’t sure.
This would be a deal if someone naively believe in the efficiency of Chicago city government and that our dilapidated second world city transit system would eventually be modernized.
But haha we know the 120 year old el isn’t going away or being modernized any time soon, aside from making a second world transit system ADA complaint that is.
Yeah I like Lincoln Park and its a nice neighborhood and all, but I’d rather have this house in a less “prime” neighborhood as my ears are sensitive to a 110 decibel roar every few minutes.
Good point, Gary, although I’m not sure whether they moved in or just staged it pretty elaborately. Sad either way, albeit in very different ways.
“I’m not sure whether they moved in or just staged it pretty elaborately.”
There is a mattress on a futon frame in one of the pix (plus both beds are poorly made up), so I’m guessing that someone was living there when the pix were taken.
Yep — I didn’t click through to the additional pictures. You’re right — the beds (as well as the temporary paper shades) would all imply that someone is living there.
I re-read my posts on this place.
i must have been in a good mood that day cause i was way to nice.
550k for this really?
i should list my place for 650k (and thats discounting for location).
the RE world is frincken insane! and lemmings buy into this RE crap too.
Here’s an example of a house that I would pass up EVERY TIME for a same-price condo.
“Yep — I didn’t click through to the additional pictures. You’re right — the beds (as well as the temporary paper shades) would all imply that someone is living there.”
just throwing it out there;
but couldnt the flipper (sorry buyer) have bought and have a family member or rent to a college student who we see is sleeping in little bo peep’s bed?
“but couldnt the flipper (sorry buyer) have bought and have a family member or rent to a college student who we see is sleeping in little bo peep’s bed”
Of course. That’s why I said “someone”. Probably someone with a substantial credit card balance, based on the TVs alone.
“the RE world is frincken insane! and lemmings buy into this RE crap too.”
Until our government turns off the EZ credit spigots and allows those that dabbled in RE to either stay put or take their losses I don’t think we’ll regain any sense of sanity in the market.
If this lot could be rezoned for commercial and something put in on the ground floor this could make sense. Doesn’t appear to be a commercial block though. In 1996 they should’ve torn it down and built apartments.
Yes a Chinese carry out would kill in this location
I’ve actually been to this place. I was visiting a great condo across the street for half the price of the “Clockwork Orange” house…
I heard the El go by and inside the house was VERY quiet. However, the agent was rather rude for having an open house, constantly on his phone and hurrying us through the place when there were clearly no other people coming by. On top of that, he had a football game on rather loud (which I muted so we could listen for the train.) Regardless, the house was white on white on white. If you like white, you’d like this place. It was waaaay to stark for my taste and clearly appeared staged. He said a single guy lived there but it didn’t appear that way.
Not for $550k. Meh.
One thing that irks me to no end is messed up bed linens for an open house or when pictures are taken for the listing. It’s all about the tiniest of details. I guess the proximity to the El tracks was what is killing the chances of this place selling, well other than the half hearted attempt at selling by the agent.
Overall though, it is a real nice place…a few coats of color and you have a great place. However, no amount of sound deadening insulation will prevent that sound from entering.