Own Not Just One, But Two Parking Spaces in Old Town: 1542 N. Hudson
This 3-bedroom duplex down unit at 1542 N. Hudson in Old Town doesn’t have just one parking space it has two.
The unit has hardwood throughout and the kitchen has stainless steel appliances and granite counter tops.
It’s also a rare 3 bedroom 3 bath unit (as usually they are 3/2.)
From the listing, it appears that the living room and kitchen are both on the lower level (along with one of the bedrooms) and the other two bedrooms are on the main level.
Is this a steal for this price?
Victoria Perryman at Coldwell Banker has the listing. See the pictures here (there are 16 of them- be sure to click all the way through).
Unit #1: 3 bedrooms, 3 baths, no square footage listed, 2 car parking
- Sold in April 2006 for $550,000
- Originally listed in June 2009
- Listed in August 2009 for $375,000
- Reduced
- Currently listed for $360,000
- It doesn’t list the assessment amount but there are 2 units in the building
- Taxes of $8230
- Central Air
- Washer/Dryer in the unit
- Bedroom #1: 15×15 (main level)
- Bedroom #2: 15×15 (main level)
- Bedroom #3: 12×15 (lower level)
- Living room: 18×20 (lower level)
- Kitchen: 7×15 (lower level)
This one is RIGHT next to the El and a horrible crime-ridden alley runs through the back. Beautiful street but the nearby ‘hood hasn’t changed much despite recent developments in the area. Lastly, the El station nearby is frequently the site of various crimes.
Sure we could go on and on about the negatives here (and you all will), but this is priced right.
April ’06… Ouch.
Sounds like a reasonable price. It’s hard to get this kind of space for less than $400K even in a condo, anywhere along the north lake front.
“Sure we could go on and on about the negatives here (and you all will)”
oh jon, as mr anon would says Pot meet Kettle 🙂
but i will agree, hey if you want to be in that area with a decent sized space the price is ok given its the train noise
Sounds good on paper. But walk by and you will agree with KS. Call it Old Town or not (I don’t think this location should count as Old Town), but either way living here would suck.
Agree with comments about the hood… i actually think that the Marshall Fields Apts area is much worse now than division street cabrini demolition area.
“It’s hard to get this kind of space for less than $400K even in a condo, anywhere along the north lake front.”
Even in a condo? It IS a condo.
I think the price is right if this got you the land, but for the downstairs unit in an old frame building next to the tracks, in this little armpit of Old Town?? With Kitchen and living room on the lower level?
J states it well: “suck.” (Owner’s buy and ask prices say the same thing).
(Although part of me likes that Old Town still has at least one, tiny, seedy part to it. . .)
“Sure we could go on and on about the negatives here (and you all will), but this is priced right.”
How is a god awful cheaply constructed duplex down on a horrible block right next to the el tracks and station priced right?
Yeah it has a lot of space but that is all it has going for it, oh and the two uncovered parking spaces that backup to an alley which is right next to a TON of section 8 and PJ housing
just noticed the taxes,
anyone feel they are about 3k too high for this CONDO?
The house itself is butt fugly. But if you replace the siding with some nice brick it would look pretty good. Cant fix the location problem. But you’re not going to get any other 3/3 in Old Town at this price.
360k to live next to a bunch of ghetto mama jammas… no thanks.
“360k to live next to a bunch of ghetto mama jammas… no thanks.”
I wonder what they’ll be doing all day now that the Oprah show is going off the air… hanging out in the alley with the rest of the idiots in this hood?
Great curb appeal!
If one could, in the reasonably near future, buy the #2 unit for the same ppsf, then its a deal, location be damned.
Much of Cabrini is going away. Maybe slowly but it is. Yeah the lowrises are staying though. But still yet, this IS a 3/3, with a backyard and two parking spots for 360k.
Sorry if some of you think its ugly but this is a deal folks. I don’t think its that ugly it reminds me of a house at the beach. And I like that one walk in shower with floor to ceiling glass = cool.
If I had the $ for downpayment this might be something I’d buy myself.
“If I had the $ for downpayment this might be something I’d buy myself.”
Call ’em up and make an offer based on what you have for a DP. Worst they say is no, and you might get a good story out of it.
aaaaaaaaaaaaa the Bottom is here!!!!! BOB considered buying a place!!!!!!
no but for really doe, the condo doesnt seem that bad, and your right buy the sedgwick stop. go check it out and like anon said throw an offer you feel comforatble with, see what happens.
Wait correction! I didn’t read the entire article and didn’t see it was a duplex down. I thought it was 360k for the full house.
“Great curb appeal!”
i read this and thought “great, now i have to go look at the pics.” but it was worth it. best laugh of the day so far. gracias brad.
“aaaaaaaaaaaaa the Bottom is here!!!!! BOB considered buying a place!!!!!!”
Actually a home I really _would_ like to buy came back on the market. Its a foreclosure for 400k. But I need an 80k downpayment and two years of continuous job history to get financing. For me the downpayment is going to be easier to get than the job stability unless I change fields and go back to a corp drone.
“I thought it was 360k for the full house.”
You’d have to beat me there, then. $360k for a *vacant lot* in OT, even the armpit thereof, is *still* a good price. A livable SF-house in OT for $360k would be a steally-steal-steal.
Yeah but at least the land values in OT make sense, unlike most random northside hoods far from downtown.
Sorry but I wouldn’t want to pay 2500 a month for a lot sandwiched between the PJ’s and the El tracks let alone a liability of a house that could fall over at any given minute and crush someone just looking to sue. Are you out of your frickin mind?
Shrewd investors with foresight are champing at the bit to snap up whatever they can in this area. The projects won’t be there forever, nor will the crime. I’m not saying this particular place ideal, but Sedgwick/Hudson is more like an oasis of crime– an exception rather than the rule of Old Town.
I can only imagine what some of the posters would have said about sub-$100k real estate in LP back in the early nineties… The most successful homeowners/investors are the ones that look at something and see what it *will* be, rather than what is.
Just my opinion!
This is not Old Town which ends at the El tracks on the western side. This is a dangerous neighborhood. Although Carbini is largely relegated to the rowhouses off Chicago, this whole area is section 8 housing, including the Marshall Field homes which have had almost as many issues as Cabrini itself.
I personally witnessed a shooting a block away about 2 years ago as I got cute trying to cut out some traffic on the way downtown. Scared this living crap out of me.
Chicago is a dangerous place. I hear the suburbs are safer.
Crapshacks on Section 8 blocks right next to the El tracks are good deals I hear…
“Crapshacks”
It’s ugly, sure. But, on what are you basing your conclusion that the building lacks structural integrity?
“It’s ugly, sure. But, on what are you basing your conclusion that the building lacks structural integrity?”
X-ray vision THRU the interwebs..
“X-ray vision THRU the interwebs..”
I think its pretty obvious that’s what I used… I shouldn’t have to say it anon
if that is weathered ceder wood, then upkeep is very low. dispute it looking ugly.
Never thought I’d see a duplex-down in a shack.
for 500k it look like you can have the whole building!!!!!!! (see MLS#: 07256532)
now where is G to calculate if this is cash flow positive? I would hate to live up against the train stop, gosh the train brakes must be horrible.
“If one could, in the reasonably near future, buy the #2 unit for the same ppsf, then its a deal, location be damned.”
Hey anon, check out MLS 07256532– sale is pending on unit #2.
List price? $179k (says it was bank-owned).
Also of note on unit #1 (get ready, Bob!): 2007 Mortagage in the amount of $558k! (Though initial sale in ’06 had $ down.)
Also fishy: Both these units were sold by the same owner a few years back, and went on the market again at almost the same time.
However, my vote for wierdest fact here: Unit two listed 1 space of owned garage parking.
(Second place: the note that unit two “completely upgraded but in need of major cleaning”).
Fishy.
I’ll leave it to you then, Groove! 😉
“Second place: the note that unit two “completely upgraded but in need of major cleaning”
saw that too. i didnt see that was under contract.
“sale is pending on unit #2.
List price? $179k (says it was bank-owned).”
So, it’s almost the same ppsf.
Snap it up, anon.
“Snap it up, anon.”
I’m overallocated to RE already.
If I could have both for $360k, then I’d have to work it out.
I think anon loves this area so much because he lives in one of the three highrises.
I used to hate that “snap it up” phrase as much as HD. However, it no longer conjures in my mind the image of a moron, but that of a hungry alligator.
Now, I smile when I see it and even use it now and again for a rush of euphoria.
“I think anon loves this area so much because he lives in one of the three highrises”
dude, Anon lives in north center, he was, is, or went to law school.
“I think anon loves this area so much because he lives in one of the three highrises”
Yep, that’s right. Full floor penthouse complex to house all the shorties. I pay less rent that you do Bob. And I’m a welfare queen too–rollin’ an A8 w/double-dueces and I have an iPhone AND a Droid (for when the T network is overloaded), whilst you’re stuck with the get-o Boost phone.
And that sushi at Whole Foods sure tastes good when you use food stamps (and WIC chex) to pay for it. MM, mm.
All on your nickel. Thanks Bob!
lol, hard week.
“if that is weathered ceder wood, then upkeep is very low. dispute it looking ugly.”
I don’t dislike the siding (don’t love it either), but do dislike the overall effect of the front of the house. I think it’s ugly, but not in the category of “how could anyone like it”.
bad day anon?
side note;
“iPhone AND a Droid”
the wife and i almost pulled the trigger on a Droid for me and a Crackberry Storm 2 for her.
what stopped me was i put the Droid (big beast) in my pocket it didnt look cool at all.
“dude, Anon lives in north center, he was, is, or went to law school.”
Dude, only a cost accountant would simultaneously not get my joke and also correct me in a literal fashion.
i have a Droid. I’m posting with it now.
anon(tfo) lives in the penthouse at 1230 N Burling St.
Sub 100’s in lp in the 90’s; I don’t remember that. Maybe you mean the 70’s. The 90’s hac townhomes in tbe 100’s.
This place is still on the market, now for $299K, cash only.
Jennifer are these new rims we’re discussing or is this real estate?
Are the banks really so stupid so as to exclude conventional financing?
Also I’ll note that 1230 is currently the Cabrini hi-rise undergoing demolition and that anon(tfo) remains ensconced in his penthouse at the last remaining Cabrini hi-rise at 1230 N Burling St.
Err 1230 Larrabee is undergoing demo..
“anon(tfo) remains ensconced in his penthouse at the last remaining Cabrini hi-rise at 1230 N Burling St.”
I’ve duplexed down now. Have two whole floors. D-Wade’s kids are hanging around too much, tho.
boy I really didn’t like this place, SNAP IT UP BOB!
Re-listed today at $149K as a short sale:
http://www.redfin.com/IL/Chicago/1542-N-Hudson-Ave-60610/unit-1/home/18938941
Unit #2 is now also available:
http://www.redfin.com/IL/Chicago/Undisclosed-address-60610/home/18921100
So is this REALLY a steal now? That’s like 80% off the prior purchase price. Wow. Thanks for the update Jennifer.
I’d probably consider it if it wasn’t cash only. Again the El is going to put most people off though.
This is now a short sale with an ask price of $150k. MLS 07784775, listed on 4/19/2011.
Bleh sorry Jennifer beat me to it! 😀
Looks doable!
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anon (tfo) on November 20th, 2009 at 2:22 pm
“Snap it up, anon.”
I’m overallocated to RE already.
If I could have both for $360k, then I’d have to work it out.