Single Family Home Alternative in Lincoln Park: 1885 N. Maud
Townhouses continue to be a popular single family home alternative in many neighborhoods such as this one at 1885 N. Maud in Lincoln Park.
With 3 bedrooms and its own garage, it is also a corner unit, so it affords a little more privacy than you might get with some other townhouses.
It also has vaulted ceilings in the master bedroom. The third bedroom is lofted.
The townhouse is listed for $23,500 under the 2006 purchase price.
Randy McGhee at Koenig & Strey has the listing. See the pictures here.
1885 N. Maud: 3 bedrooms, 2 baths, no square footage listed, 1 car attached garage
- Sold in March 1997 for $302,500
- Sold in October 2000 for $404,000
- Sold in August 2006 for $607,500
- Originally listed in May 2009 for $599,000
- Reduced
- Currently listed at $584,000
- Fee-simple
- Taxes of $6579
- Central Air
- Bedroom #1: 15×15
- Bedroom #2: 13×9
- Bedroom #3: 16×10 (lofted)
- Living room: 14×12
- Family room: 12×10 (second floor)
- Kitchen: 11×9
- Dining room: 10×12
Tiny too
Sweet! Half the size and double the price of a SFH in a nice suburb.
City living is such a scam. It’s so much more trouble than it’s worth.
What are you talking about? Lincoln Park is the epicenter of the universe!
I bet the tile floors in the bedrooms feel great in January.
Did they think it was Hawaii or something?
PS – I think this will sell. Probably around 525-550.
I actually looked at these units and they are not very functional. The layout is terrible, especially the location of the bathrooms. There is only one bathroom on the second floor and the other full bathroom is located one foot from the front door. So if you have situation where more than one person needs to get ready at the same time, someone is going to have to walk downstairs to take a shower. It is almost like only having one bathroom.
The patio and the block are nice though.
I agree with a. Might even go higher: 550-575 is my guess.
Unfortunately (or fortunately) HD a lot of corporate transplants are told that LP really is the center of the universe.
I think this sells in the high 400s.
I actually saw many 2 bed/2bath condos that felt larger than this place, even though the condos had less square footage. I think this will sell at a slight premium to high-end 2/2 condos in the area. Or the sellers can’t afford the loss and decide to stay put.
I dunno, it has a pretty good layout. The window in the master bedroom pops, and the backyard patio is pretty awesome. The 2nd floor window….thing adds a lot of light. And it has the necessary parking/air conditioning/laundry. The bathrooms are ho hum though.
“Anonymous on September 8th, 2009 at 3:09 pm
Sweet! Half the size and double the price of a SFH in a nice suburb.”
You can’t buy a teardown for half the price of this property in any suburb that I’d consider living in.
“Anonymous on September 8th, 2009 at 3:09 pm
City living is such a scam. It’s so much more trouble than it’s worth.”
Yeah, who would want to be out on the lake, enjoying a five star meal and drinks with friends at any of the thousands of bars/restaurants, going to museums and art galleries, attending a sporting event, etc when they could be mowing a lawn in the middle of nowhere.
*rolls eyes*
It looks like a unit on the other side (Poe St.) traded for $688k about a year ago. I sure hope it was more upgraded than this one… Otherwise, this isn’t going to be a happy comp for the neighbors.
In general, I find people are desparate for something that fills the gap between the 2/2 and the SF in Lincoln Park. There are a lot of DINKs who could never afford the ridiculous $2M minimum buy in for a 25×125 SF but would gladly pay 800k to $1M for something with 4 beds (for the home office and workout room, of course) and a decent outdoor space. But, there is a very limited supply in this segment of the market. As a result, I think this end of the market tends to be overpriced. On top of that, LP seems horribly overpriced in this market. When we find ourselves bereft of city services in a few years (overcrowded schools, rising crime, improperly maintained streets), I am sure many will be questioning the value of buying here. Time will tell, but right now certain areas of the city seem to be a very bad deal in comparison to some of the gilted burbs.
My goodness, the “suburbs SUX, city KEWL” thing was played out by the time I graduated high school. If you have a high paying job in the suburbs like so many people do it may actually be better to buy a 4,000 s
nevermind, my computer is all messed up, i’ll finish that post some other day.
Stop comparing the burbs to the city… can you live in the burbs without a car or two? Or go drinking without driving? Or walk to a beautiful park with people actually in it? Or get food better than Chilis? Or not waste your time with yardwork without the help of paying a Mexican? There’s many many more reasons why the burbs are different and most of them explain why prices in the burbs are cheaper.
Hey man, I’m here to tell you that the anti-suburban nonsense everyone espouses makes you all look especially foolish to the 90% or so of the area that don’t live in the ‘green zone’.
“#Sonies on September 9th, 2009 at 9:37 am
Stop comparing the burbs to the city… can you live in the burbs without a car or two? Or go drinking without driving? Or walk to a beautiful park with people actually in it? Or get food better than Chilis? Or not waste your time with yardwork without the help of paying a Mexican? There’s many many more reasons why the burbs are different and most of them explain why prices in the burbs are cheaper.”
Kimo, that’s blasphemy. You should be banned for even considering the possibility that Lincoln Park will not retain value and for even suggesting that Lincoln Park is overpriced. There are plenty of people with money and they all want to live in LP and no where else and they will pay top dollar to do so. With the great parks, the 5 star restaurants and the ability to stumble home drunk at night, WOW, who wouldn’t want to live there. Please, keep your anti-LP comments to yourself.
So if you love the burbs so much what’s keeping you here HD? Can’t find a nice place near the metra out there? I know I wouldn’t bother living in the city in the non ‘green zone’ if I was such a high rollin dual income lawyer household.
LMAO about the Mexican comment. Agree that the cost of immigrant lawn labor is an essential part of the calculus between burbs and city.
At best, advantages of each are a wash — high crime vs. a drive in your SUV. Suicide cabbies and bikers vs. teepee on the lawn. Quiet vs. noise. People have different preferences but I dont think one is more valuable than the other. None of this justifies the ridiculous price differential between the city and the near suburbs (not talking Plainfield here — try Winnetka vs. Lakeview).
Ok, perhaps I didnt make this clear enough. YOU’RE ON A HOUSING BLOG ABOUT CHICAGO. If you want to compare apples to oranges GO SOMEWHERE ELSE. I’m sure most of us just dont want to fucking hear it. (Sorry homedelete, I usually like your comments but this subject just annoys the crap out of me)
You are hilarious. I f’ing love the suburbs. I want to marry the suburbs. Actually, I love rural areas even more. Downstate is fabulous. Peoria, Marion, Carbondale, Joliet, Rockford, Freeport = AWESOME. Way better than the City. Get a job at Cat or Deere, live in big cheap housing, corn with every meal.
“Sonies on September 9th, 2009 at 9:51 am
So if you love the burbs so much what’s keeping you here HD? Can’t find a nice place near the metra out there? I know I wouldn’t bother living in the city in the non ‘green zone’ if I was such a high rollin dual income lawyer household.
“
agree with a, stick to the subject, and right now the subject is a rowhouse in LP.
I think this will sell for around 500, people pay top $$ to get that LP address, whether the layout is realistic or not. It is a great location though!
oooooooohohhhhooooo did i miss the city/burbs debate?
“people pay top $$ to get that LP address” and its true just as people pay for a kenilworth/hinsdale/winetka address to.
i too am in the camp of overpaying for LP, the real LP not the LP by clyborn. not as a status symbol more as its close to everything, i love all the vintage places that are brought back to its glory days, great school district, great parks (with people in them). and as we have seen here on CC prices have not fallen like other areas.
Now will the grooves ever make enough to buy a SFH in LP? nope 🙁 but if the lotto numbers come up then you will see little groove smacking around spoiled LP kids while momma groove stinks up the hood with her cooking 🙂
“the real LP not the LP by clyborn.”
Transplants don’t know the difference. And the agent surely isn’t going to elucidate on that.
Transplants form their impression of LP/GC from reading featured properties in the WSJ like this one today:
http://online.wsj.com/article/SB125209483832087227.html
Sorry folks in other hoods the WSJ doesn’t tend to feature properties outside of a few hoods like Gold Coast, LP or RN. Probably because the uber priced housing stock is limited almost exclusively to these areas.