Price It “Right” and It Sells Quickly: 2002 N. Howe in Lincoln Park
If you price a property “right,” it will sell quickly. Take this 2-bedroom vintage unit at 2002 N. Howe in Lincoln Park.
It has all the bells and whistles most buyers would like including central air, an in-unit washer/dryer and deeded parking.
It’s also in a Lincoln Park location that is actually near the Park and the Lake as well as the restaurant scene on Armitage/Halsted as well as Old Town.
And it has some nice vintage features like original woodwork, crown molding, bay windows and a wood burning fireplace.
It recently went under contract after being on the market just under a month.
Eric Rojas at Rubloff has the listing. See more pictures here.
See the property’s website here.
If those links have expired (since the listing is now under contract)- see the pictures here.
Eric also writes an interesting blog on his properties (and some others) that you can check out here.
Unit #2N: 2 bedrooms, 2 baths, plus den, no square footage listed
- Sold in May 1991 for $200,000
- Sold in September 1996 for $220,000
- Sold in August 2001 for $354,000
- Sold in May 2006 for $459,000
- Originally listed in May 2009 for $440,000 (parking included)
- Reduced
- Currently listed for $434,900 (parking included)
- Under Contract
- Assessments of $239 a month
- Taxes of $5443
- Central Air
- Washer/Dryer in the unit
- Bedroom #1: 13×11
- Bedroom #2: 11×9
- Den: 11×8
- Living room: 24×12
- Kitchen: 9×9
Looks nice. Stevo will use this as “proof” that LP is holding its value, as it is only down 5%. I would use it as evidence that if you want to sell your condo, list it under the ’06 price.
had friends that lived in these apts circa mid 90’s. they (apts) were pretty spacious. 3 of them lived there for maybe 1400/month. and in the summer another friend lived on their enclosed back porch. the owner was old school eastern european…he did not like the off the lease back porch tenant and played a game of cat and mouse trying to corner him all summer.
I like it
Any guesses on Sq footage?
Nice. And if they close it closer to $400k (say, about $15k under the last list), even nicer. Once they get around to replacing that kitchen island, these buyers will have a very solid place on their hands.
Looks like about 1600 sq ft to me.
It’s beautiful and the price strikes me as a bargain for a place like this on one of Lincoln Park’s best streets.
So much for Rogers Park and Edgewater sellers trying to get this kind of money for their similar-but-inferior places. I’m tracking a number of vintage places in these two neighborhoods and even though there has been considerable rollback in the cheaper condos, I’m still seeing wising prices on most places. If you can only get $250K-$300K for 2 bed 1 bath vintage hirise condos in prime areas like Lakeview and LP, what are they worth further north?
Laura,
The short answer is they are stupid and living in fantasy land. What was funny about the bubble is that non-prime areas approached the RE valuations of prime areas.
The Rogers Parks, the Uptowns, the Edgewaters, the Bridgeports…these areas are going to get slaughtered and rightfully so. I still can’t wrap my head around why these neighborhoods have a PPSF range exceeding $200.
Oh and anonny the whole open kitchen fad is going to flame out pretty good too. I hope they don’t kill this kitchen for some dumb fad.
Bob – I agree: I hate open kitchens (but could tolerate one open to just a dining room). My point was that, because this kitchen is open and because the current island is beyond ugly, the new owners will no doubt be eager to update the island (and yes, something of the wood/granite sort, as seen in thousands of other 2/2’s, would be a huge improvement).
Still seems high priced to me… is that their own backyard? Or is that shared?
Funny… I couldn’t imagine not having an open kitchen but find it senseless to have it open into a dining room and not living/family room. On top of this, for this property, It’s not much of an open kitchen if you are pressed between the island and oven with piss poor sightlines of the room it is supposed to be opening into.
I can’t tell what floor this is on. Anyone know?
Also, the kitchen seems oddly placed and quite small in the photo.
I doubt this is 1600 sq ft….I’d guess 1250-1300.
“I can’t tell what floor this is on”
It’s Unit #2N. Suspect it’s 2d floor, north side of the building.
“I doubt this is 1600 sq ft….I’d guess 1250-1300.”
The whole building (6-flat, no?) is about 2600 (to maybe 2700) SF. deduct for stairwells/interior hallways, each unit is likely no more than 1300 SF.
Also, would anyone actually *like* to share an alley with a high school?
I think this is a decent price, does need updating, being next to the school and on armitage is a negative. For me the small bedrooms would be the deal killer, but I think this is a fair price for the area, being that close to Armitage corridor and Oz Park is pretty sweet and it faces Howe not Armitage.
There are not many cheaper condos in this area so the supply of any 2/bedrooms sub $500k (w/parking) is probably really low.
Yes, bob, will I ever be glad to see “open” kitchens fade. I’d also like to see the “loft” fad fade.
Just wish these two ugly trends could have died before all the crud developers destroyed some of the most beautiful vintage courtyards in Rogers Park by gutting them and filling them with fake exposed brick, ductwork across the living room ceiling, cheap track light sets, and open kitchens right in the middle of the living room, like i really want to look at dirty dishes at dinner.