Buy a 2-Flat in Old Town with 2-Car Parking for $750,000: 304 W. Concord Place
This vintage 2-flat building at 304 W. Concord Place in Old Town came on the market in April 2022 but was also listed in 2021.
Built in 1881 on a smaller than standard Chicago lot of 24.1 x 94.22 lot, it still has room for 2-car parking.
The listing says it is one lot with 2 PINs and also says it “presents the opportunity to build an additional dwelling unit on rear portion of lot, please inquire for details.”
It’s also being marketed as being rented or rehabbed into a single family home.
Both units are 1 bedroom and 1 bath.
Unit 1 is a one bedroom with a loft with tall ceilings and hardwood floors. It’s kitchen has wood cabinets and stainless steel appliances.
Unit 2 is a junior one bedroom which has been “recently renovated” and is “generating an average of $2,333 a month.”
There’s no average rental price data given for Unit 1.
Laundry is in the rear of the building along with a sunroom.
The property has a “newer” fenced backyard with pavers and 2-car parking.
The listing says it’s in Lincoln Elementary and is near the shops and restaurants of Old Town.
Listed in January 2021 at $925,000, it was reduced to $799,000 by October 2021 before being removed. It has come back on the market at $750,000.
At this price, will someone take it on as a single family home conversion?
Katherine Waddell at Compass has the listing. See the pictures here.
304 W. Concord Place: 2 bedrooms, 2 baths, 2 unit building
- Sold in February 1999 for $150,000
- Sold in March 1999 for $199,000
- Sold in May 2004 for $455,000
- Sold in May 2005 for $407,500
- Sold in June 2015 for $445,000
- Sold in November 2016 for $589,000
- Second Pin: sold in March 2012 for $30,000 (?)
- Second Pin: sold in December 2016 for $191,000
- Listed in January 2021 for $925,000
- Reduced several times
- Was listed in October 2021 for $799,000
- Listing removed in 2021
- Currently listed at $750,000
- Taxes of $13,126 (not sure if there are taxes on the second PIN or if this includes both)
- Central Air
- 2-car outdoor parking
- Laundry room in the building
- Unit 1: 1 bedroom, 1 bath
- Unit 2: 1 bedroom, 1 bath generating “on average” of $2,333 a month