When the Whole Building is Bank Owned: 2430 W. Iowa in West Town

2430 W. Iowa in West Town is a 3-unit building built in 2005.

Each of the units had all the new construction bells and whistles of that era- including cherry kitchen cabinets and granite counter tops along with wood floors.

All 3 units sold in 2005 and early 2006 and now all 3 have been taken back by the bank.

2 of the units are already pending but Unit #2 just recently came on the market.

The appliances are missing on Unit #2 but the rest of the kitchen appears to be intact.

There are no assessments listed with any of the units in the building- so there may not be any association.

Here are the details on the other two units:

Unit #1: 2 bedrooms, 2 baths, 2500 square feet

  • Sold in 2006- can’t find an original sales price in the public records
  • Lis pendens in June 2008
  • Bank owned in June 2010
  • Currently listed for $129,900
  • Under contract

Unit #3: 2 bedrooms, 2 baths

  • Sold in November 2005 for $340,000
  • Lis pendens in February 2009
  • Bank owned in April 2010
  • Currently listed for $164,500
  • Under contract

Given the history of the building, is Unit #2 a deal at its current price?

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

Unit #2: 2 bedrooms, 2 baths, parking included

  • Sold in January 2006 for $327,000
  • Lis pendens in January 2008
  • Bank owned in September 2008
  • Originally listed in April 2010
  • Currently listed for $149,900
  • No Assessments listed
  • Taxes of $4819
  • Central Air
  • Bedroom #1: 14×14
  • Bedroom #2: 10×9
  • Living room: 17×13
  • Kitchen: 13×10

Looking for Unique? Try This Vintage Tudor Gem: 3019 W. Ardmore in Peterson Woods

This 3-bedroom tudor at 3019 W. Ardmore in Peterson Woods just came on the market in August.

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Built in 1929, the house is on an oversized 45×192 lot with a side drive and a 2-car garage.

Much of the house’s original features are intact, including the leaded glass windows, coved ceilings, arched doorways and the wood burning fire place.

Yes, that means there are also the original kitchen and baths. The house also doesn’t have central air.

But all 3 bedrooms are on the second floor and there is an unfinished basement.

Do you have the vision to restore this unique house to its original splendor?

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Terry Silis at Baird & Warner has the listing. See more pictures here.

3019 W. Ardmore: 3 bedrooms, 2.5 baths, 2 car garage, no square footage listed

  • It is an estate sale- original sales price is before 1990
  • Originally listed in August 2010
  • Currently listed for $489,000
  • Taxes of $6759
  • No central air
  • Bedroom #1: 15×15
  • Bedroom #2: 12×13
  • Bedroom #3: 13×11

18 Months Later, Penthouse Still On the Market: 40 E. 9th in the South Loop

We last chattered about this 2-bedroom penthouse at 40 E. 9th in the South Loop way back in March 2009.

See our prior chatter here.

Back in 2009, it was listed for 60% under its 2007 purchase price.

Several of you seemed interested in the unit.

But lo and behold, it is still on the market and has been reduced another $115,000.

It has stainless steel appliances and granite countertops in the open layout.

The master bedroom is lofted and has a large terrace with city views.

Why isn’t this selling?

The lis pendens was filed two years ago. The bank has not yet taken back the property. The listing doesn’t say it is in short sale, however.

Harold Dawson at Sudler Sotheby’s still has the listing. See the pictures here.

Unit #1902: 2 bedrooms, 2 baths, 1650 square feet, rooftop terrace,  duplex

  • Sold in April 2007 for $1.1 million
  • Was listed in July 2008 for $1.2 million (parking included)
  • Reduced multiple times
  • Was listed in March 2009 for $440,000 (parking included)
  • Reduced
  • Was listed in March 2010 for $395,000
  • Reduced
  • Currently listed at $325,000 (parking included)
  • Short sale?
  • Assessments of $541 a month (includes heat, air conditioning, doorman)
  • Taxes of $2790
  • Central Air
  • The listing doesn’t say anything about a washer/dryer in the unit
  • Bedroom #1: 24×16
  • Bedroom #2: 12×12

The $800,000 Brick Bungalow in Lincoln Square: 5057 N. Francisco

There are bungalows and then there are 4,000 square feet vintage bungalows such as this one at 5057 N. Francisco in Lincoln Square (is this even Lincoln Square? The public realty sites lists it as such.)

This octagonal bungalow was built in 1925 on an oversized Chicago lot of 54×125.

It has 3-car parking and central air.

The listing says the house has been rehabbed. The kitchen appears to sport stainless steel appliances and granite counter tops.

Located across from River Park, the listing says it has multiple cedar decks.

Two of the 5 bedrooms are on the second floor, 2 on the main floor and 1 on the lower level.

The house has a rec room with a wet bar.

The bungalow is also listed for $41,000 under the 2006 purchase price.

What’s the market for a $800,000 vintage bungalow?

Molly Marino at Baird & Warner has the listing. See the pictures here.

5057 N. Francisco: 5 bedrooms, 4.5 baths, 3 car garage, 4000 square feet

  • Sold in November 1986
  • Sold in November 2006 for $860,000
  • Currently listed for $819,000
  • Taxes of $3586
  • Central Air
  • Bedroom #1: 16×16 (second floor)
  • Bedroom #2: 11×9 (second floor)
  • Bedroom #3: 14×11 (main floor)
  • Bedroom #4: 11×9 (main floor)
  • Bedroom #5: 14×10 (lower level)

Get a North Center 2-Flat for Under $280,000: 2014 W. Addison

This vintage 2-flat at 2014 W. Addison in North Center has been on the market since June 2010.

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It is a short sale and has been reduced $119,001 in that time.

The price has also been lowered $10,000 every week for the past several months, with no takers.

The units are as follows:

  1. Unit #1: 3 bedrooms, 1 bath, no current tenant
  2. Unit #2: 3 bedrooms, 1 bath, no current tenant

There is a 2-car garage on a standard 25×125 lot.

It doesn’t look like the units have central air.

The listing says there are some newer windows.

Located less than 2 blocks from the Addison brown line stop, is this a deal?

Anah Choe at Direct Realty has the listing. See the pictures here.

2014 W. Addison: 6 bedrooms, 2 baths, 2 car garage, 2-flat

  • Sold in August 1990 for $143,000
  • Sold in September 2005 for $485,000
  • Originally listed in June 2010 for $399,000
  • Lis pendens filed in July 2010
  • Numerous reductions
  • Currently listed as a “short sale” for $279,999
  • Taxes of $6861
  • No central air

The Kenwood 5-Bedroom Greystone Under $400K: 4358 S. Berkeley

This 5-bedroom vintage greystone at 4358 S. Berkeley in Kenwood recently came on the market.

Built in 1883, the house still has the original staircase.

It is on a corner 26×125 lot.

While there is central air, there is, however, no garage.

The listing says there was a complete gut rehab in 94/95.

The top floor now has a massive 36×16 master suite.

There are no appliances in the photo of the kitchen in the listing.

The listing says the house “awaits your finishing touches.”

At under $400,000 for 2754 square feet, is this a deal?

Pamela Pekoc at Baird & Warner has the listing. See the pictures here.

4358 S. Berkeley: 5 bedrooms, 2 baths, 2 half baths, no garage, 2754 square feet

  • Looks like it sold sometime before 1988
  • Currently listed for $399,000
  • Taxes of $4707
  • Central Air
  • Bedroom #1: 36×16 (3rd floor)
  • Bedroom #2: 19×15 (2nd floor)
  • Bedroom #3: 11×12 (2nd floor)
  • Bedroom #4: 11×9 (2nd floor)
  • Bedroom #5: 13×13 (2nd floor)

For $200K, You Can Get a 2-Bedroom Bungalow in River Forest: 232 Lathrop

We were recently chattering about a 3-bedroom Portage Park bungalow which was an estate sale but which had good vintage bones. It was listed at $199,000.

See our prior chatter here.

This 2-bedroom “never touched bungalow” at 232 Lathrop in River Forest just came on the market.  It is listed for $200,000.

Like the Portage Park house, it is also an estate sale and also has its original vintage features, which includes stained glass and crown molding.

The house also has an unfinished basement.

There is no central air but there is a 2 car garage on a 35×180 lot.

Is this a deal?

Marcee Gavula at Baird & Warner has the listing. See the pictures here.

232 Lathrop: 2 bedrooms, 1 bath, no square footage listed, 2 car garage

  • I couldn’t find an original price. The listing says it’s been in the same family for forever.
  • Currently listed for $200,000
  • Taxes of $7362 (senior exemption)
  • No central air
  • Bedroom #1: 12×12
  • Bedroom #2: 12×12

Forget The Condo, Buy This Vintage Farmhouse in Evanston Instead: 1129 Sherman

This 2-bedroom 1880s farmhouse at 1129 Sherman in Evanston came on the market in August.

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The listing says it has been restored by the current owner.

The kitchen has white cabinets and appliances with butcher block counter tops.

There is a new bathroom on the second floor with a claw foot tub.

There is a front and back porch, complete with a swing on the back porch, as well as a 3 season porch with a slate floor.

Both bedrooms are upstairs.

There is also a first floor den with built-in bookshelves.

The house is on a 25×132 lot but it does not have central air (window units only) and there is no garage or deeded parking.

Is this an attractive condo alternative?

Cathy Kozlarek at Coldwell Banker has the listing. See the property website for more pictures and the floorplan here.

1129 Sherman: 2 bedrooms, 1.5 baths, no square footage listed

  • Sold in May 2001 for $175,000
  • Originally listed in August 2010 for $349,000
  • Currently listed for $349,000
  • Taxes of $5228
  • No central air
  • No parking
  • Bedroom #1: 15×13
  • Bedroom #2: 14×12

Get a Lakeview 3-Bedroom Townhome for $400K: 2932 N. Wood

This 3-bedroom townhouse in the Wellington Park development at 2932 N. Wood in West Lakeview was recently reduced.

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(This is the back side of the townhouse- sorry! I inadvertantly thought this was the front as there is a sidewalk that runs through the middle of all the townhouses here.)

It is now listed for $127,000 under the 2004 purchase price and $23,500 under the 2001 purchase price.

At 2,300 square feet, it has oak hardwood floors throughout 3 levels.

Built in 2001, there are also 3 outdoor spaces and an attached 2-car garage.

It is an end unit, so there are three exposures but that is also the Metra tracks right next to the townhouse.

Is this a deal for a 3-bedroom townhouse with this square footage and in this location?

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(The Metra is on the other side of this wood fence.)

Maria Sabatini at Prudential Rubloff has the listing. See the pictures here.

Unit #H: 3 bedrooms, 2.5 baths, 2300 square feet, 2 car garage

  • Sold in May 2001 for $423,500
  • Sold in August 2004 for $527,000
  • Originally listed in February 2010
  • Listed in August 2010 for $450,000
  • Reduced
  • Currently listed for $400,000
  • Assessments of $236 a month
  • Taxes of $7763
  • Central Air
  • Bedroom #1: 16×12 (third floor)
  • Bedroom #2: 10×10 (third floor)
  • Bedroom #3: 11×19 (fourth floor- with carpet)

Get a 2-Bedroom Walter Burley Griffin Home in Beverly: 1624 W. 100th

This 2-bedroom single family home at 1624 W. 100th in Beverly was built in 1910 by famed architect Walter Burley Griffin.

Built in the prairie style on a 50×132 lot, it is just 2 blocks from the 99th Street Metra Station.

Both bedrooms are on the second floor and the house also has an unfinished basement.

The listing says the bathroom is a “newer designer bathroom.”

It has central air and a 1-car garage. Yes, that’s the Metra behind the house.

Denise Amraen at Prudential Bios Real Estate has the listing. See the pictures here.

1624 W. 100th: 2 bedrooms, 1 bath, 1352 square feet, 1 car garage

  • Sold in March 1993 for $189,500
  • Sold in July 2002 for $200,000
  • Sold in November 2004 for $295,000
  • Originally listed in September 2009
  • Currently listed for $309,900
  • Taxes of $2478
  • Central Air
  • Bedroom #1: 25×9
  • Bedroom #2: 13×9
  • Full unfurnished basement