Selling 3-Years Later in North Center: 1848 W. Waveland
1848 W. Waveland is a vintage building that was converted into condos in 2006 in North Center.
It seems to have all the bells and whistles that condo buyers look for:
- a good location near the North Center shops,
- near public transportation,
- central air,
- an in-unit washer/dryer,
- a parking space, and
- granite counter tops and stainless steel appliances in the kitchen.
The unit is move-in ready.
It has also been reduced by $10,000.
Mario Greco at Rubloff has the listing. See more pictures and a virtual tour here.
See the property web site here.
Unit #2E: 2 bedrooms, 2 baths, no square footage listed
- Sold in March 2006 for $344,000
- Originally listed in April 2009 for $349,000 (parking $20k extra)
- Reduced
- Currently listed for $339,000 (parking $20k extra)
- Assessments of $135 a month
- Taxes of $4920
- Central Air
- In-unit washer/dryer
- Living room: 15×12
- Kitchen: 15×8
- Bedroom #1: 15×12
- Bedroom #2: 10×9
LOL no! I paid far less than this for a similarily sized & finished place in River north! Not that north center is a bad hood, its… just not as desirable as some of the other hoods that would command such a price premium.
looks nice enough. looks to be a developer’s unit from the pictures.
Yet another building that should have stayed rental. Someone would have been spared the expense of blanding it up into just one more cheap-looking open-kitchen condo.
If I was ever going to take a pic of my property I’d pay someone to park a supercar outside for that shot. I bet it would get a lot more interest if there was a Ford GT parked there instead of that green car.
taxes of almost $5K? yikes.
“taxes of almost $5K? yikes.”
Guarantee–w/o looking–that’s w/ no homeowner exemption.
Would be nice if the fridge fit in the kitchen – that looks terrible.
ROFLMAO… Big Midwestern boy needs a big fridge.. That really is god awful!
$340K for a blah unit in a section 8 looking building? This is insulting.
Editor’s Note:
I deleted some comments in this thread that were off-topic and derogatory.
Maybe this is a good time to remind people that we’re here to talk about real estate and not personal biases about certain neighborhoods.
Please to try to keep it constructive.
Thanks,
Sabrina
“not personal biases about certain neighborhoods”
Dude, I live in the neighborhood. I like the neighborhood.
Talk to anyone who’s lived in the (broadly construed) neighborhood for a while, there were some long time renters (and some owners, too) around who gave/give the impression that they’d be more at home not in the middle of a major city. Would it be a problem if I mentioned the bikers (as in, motorcycle gang) who used to populate the area around School and Damen?
But still, sorry. Wasn’t trying to offend anyone.
At least the kitchen and the living area have track lighting. Thats a nice unique touch.
anon you insensitive lout. next time use the regionally ambiguous term hillbilly.
This place isn’t even worth 300.
I think what people might be missing here is the premium is for the Bell School, which this one appears to be in (north side of Waveland is part of the district). Bell is one of the best in the city. To get better you might have to be in East Lincoln Park — minimum buy in circa $1.5 million for a shack and a standard city lot (even is this market). So, the area appears to families.
Not sure what got deleted but would love to see what was said about the neighborhood. In my view, it is definitely an interesting mix for the dead square center of the city.
People that buy 1000sqft 2/2’s probably aren’t too concerned with what school district their property is in.
I disagree. It still helps the resale quite a bit and appeals to incremental buyers. Opens up the unit to a single parent or provides flexibility for a younger couple that may not want to drop the ridiculous SF dollars until they can actually afford it. People in my neighborhood on the near north routinely stay in the 2/2 until their second child comes along, moving only due to schools (and space, but there are workarounds for that).
“People that buy 1000sqft 2/2’s probably aren’t too concerned with what school district their property is in.”
You left out “that I know”. I realize it’s implied in almost everything posted here.
If it’s a neighborhood which seems like it’s family-friendly (no, I wouldn’t say that about your immediate ‘hood, Sonies), it’s silly not to consider the attendance area boundaries, no matter what you’re buying–being on teh better side of the line gets more potential buyers to at least consider your listing.
Note we have a poster here who lives in a studio with her daughter–I’d be surprised if she wouldn’t be happy to trade straight up for a similar-sized place in Bell (but especially for a 2/2).
“In my view, it is definitely an interesting mix for the dead square center of the city.”
I think the “interesting mix” is decreasing rapidly (if you are referring to people), at least w/in the Bell, Coonley and Audubon attendance areas.
And, of course, it’s the dead center of the north side of the city, at that only if you draw the western edge of the north side of the city at Cicero.
“And, of course, it’s the dead center of the north side of the city, at that only if you draw the western edge of the north side of the city at Cicero.”
Thats because people are stupid. Thats why I’m seeing PPSF numbers on foreclosures that vastly undercut stuck people wishing for appreciation.
I have my popcorn ready for the decimation of the personal finances of the entitlement attitude segment that believes their property is worth X. The monkeys believe their property is worth x because of zillow or somebody else’s similar property sold for x some time ago.
“Thats because people are stupid. Thats why I’m seeing PPSF numbers on foreclosures that vastly undercut stuck people wishing for appreciation.”
Huh? You paste the wrong quote, man? Seems to go with the (appropriate) zillow hate on Wellington.
I was only pointing out that it’s not the center of the city, nor the center of the northside, unless you use a very small definition of city or northside.
Another building that should have remained rent. Someone who has been spared the expense of Blanding until just a cheaper condo kitchen.
Closed today for $325,000 with parking
That kitchen looks like shyte. Seriously the cabinets look way to shallow. Also they don’t even extend to the wall, which is probably better than them doing so because theres a window there, but it just doesn’t look right.
325k for this? Yeah it must be the school to be honest because it definitely wasn’t the kitchen.
Not every buyer looks for the same thing Bob.
Thanks for the update MG.