Own Your Own Single Family Home in Lincoln Park for a Townhouse Price: 2700 N. Wilton
This 2-bedroom house at 2700 N. Wilton in Lincoln Park has been completely renovated and is move-in ready.
It’s listed under $600,000, which is cheaper than many Lincoln Park townhouses.
The house, built in 1892, has central air, a two car garage and maple hardwood floors throughout.
One of the bathrooms has skylights over the expansive tub.
Yes, the El line runs in back of the property.
Is this a good townhouse 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
- Currently listed for $579,000
- Taxes of $8627
- Central Air
- Bedroom #1: 20×34
- Bedroom #2: 9×13
- Living room: 17×21
That’s a pathetic excuse for a master bedroom. Unless it was built for midgets.
countdown until bob brings up the conforming loan limits.. 3…2…1…
LOL at that bed in teh master bedroom. Is that the only way it will fit, in that one location?
I’d call this one a 1.5 bedroom 2 bathroom house. And for 600k? Pass.
Hi,
The center of the ceiling ht is 16 ft in the Master Bedroom
Thanks
I likey alot. Skylights!
Yeah the conforming loan limit with standard downpayment is 521k, but this is a SFH, not a McCrapBox. I think 550k would get it sold.
People still buy two bedrooms houses? Even if the bedrooms make you feel like you’re in the Wonka Factory?
Oh, and Siding? Blech.
“Oh, and Siding? Blech.”
My favorite is the “side yard” which is the parkway–land that doesn’t belong to you, no matter how much you spend on landscaping.
OMG 579k for a master bedroom in the attic where you have to jam your bed in a dormer that is ON the EL tracks in what is i guess you can call lincoln park?
this is a definition of starter home in every sense, but a starter home for 579k is lost in my mind somewhere.
and at what point doing the “complete renovation” did they say hey this layout is f***ed up?
Hard to make a silk purse from a sows ear.
This won’t sell till its 400k like that “house” in that subdivision in the most Southeastern part of Lakeview
I didn’t even notice that it was RIGHT on the El tracks… And that half roof 2nd floor just kills it.
no yard either, this is a big winner.
I’m socked that someone paid $540K for this when it was a foreclosure. Looks like it will be another foreclosure or shortsale.
I’m assuming that the semi-reno was done before the foreclosure; with the HELOC/2nd mortgage/refi loan pushing them into default.
Any one know/can find otherwise?
also at what point during the “complete renovation” did they say ummm lets make both bathrooms look exactly the same we will call it “modern twinism” and sell for a profit.
The mortgage currently on the proeprty is for $450k. It was executed 6.5 months after the deed (from Fannie Mae). Don’t know how Redfin came up with $540k; that doesn’t make any sense w/ a $450k takeout mortgage, unless it was a typo for $450k.
It appears that there was a total of $345k in mortgages on the place before foreclosure–a $275k first (in Aug-01) and a $70k 2d (in Jul-02).
The acquisition loan in ’96 was for $161,500 (95%), with a 2d for $6k in Dec-96.
“at what point during the “complete renovation” did they say ummm lets make both bathrooms look exactly the same ”
When they got a great deal on enough tile to do both at tile outlet. Duh.
dude tile outlet on Fullerton has some fricken good deals! try the HOBO on grand in the ghetto for small tile jobs its like 1/3 of tile outlet. slim pickings most time though.
$579 is outrageous for 2 bedrooms ON the el. My neighbors are selling a 4 bed (1800 block of Oakdale) for $625K.
Jen,
That has to be my listing! 1830 W. Oakdale. I was thinking that mine is a much better deal. OK, so it’s not Lincoln Park but it’s a full size lot with a large yard and a very quiet street. Cute house too.
Wow, everyone is a little too mean here. They did a nice job rehabbing the place. Yes it is on the eL but for what it is… they did a nice job. I lived across the eL before and it was too hard to live… so I would never consider this place. If it was on a regular street, perhaps.
Gary:
And the school comparison doesn’t even matter, bc where you going to put kids in this house.
Sabrina:
Feel free to delete the one more post of mine that you missed, @11:55.
“They did a nice job rehabbing the place”
i wouldnt be so harsh in the place if the listing didnt state “Complete Rehab”. to me a complete rehab would include a better layout, not making the bathrooms almost identical, not doing white vinyl siding to distinguish it from the house next door, ect.
the complete rehab to me looks like some weekend warriors, throw up some dry wall and tile, trying to do a flip for profit.
“a complete rehab would include a better layout”
I bet the layout is better than what was there before. And there’s nothing wrong with bathrooms that look alike, but if they are going to, they should be a bit nicer than what was done, at least at this price point.
But, really, this is still a place asking like $450k for the lot and $129k for the house (or $400k/$179k, if you prefer). And if land prices weren’t outrageous, still, this might be a reasonable (if weird) place at ~$400k. But then it becomes a teardown target (perhaps as a buy-and-hold) even in this market.
“I bet the layout is better than what was there before”
very true, homes like this had two bedrooms on the first floor one bathroom on the first, the second floor was most likely the attic, and the basement was probably unfinished. that’s exactly how i bought my house. and my “complete rehab” layout probably wont appeal to everyone either.
now for the tear down, all these boxes (oops meant modern) homes being built took away almost all the nice small starter homes, and put this starter home in the 579k market price. This is what killed real estate. now starter homes are a 2/2 condo instead of a 2/1 small wood frame cottage type.
…and those 2/2 condos with granite and SS appliances cost more than a 2/1 small cottage ever did.
“now for the tear down, all these boxes (oops meant modern) homes being built took away almost all the nice small starter homes, and put this starter home in the 579k market price. This is what killed real estate. now starter homes are a 2/2 condo instead of a 2/1 small wood frame cottage type.”